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02-27-2008, 07:41 PM | #67 |
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I find it impossible to justify financing a car unless the rate is 0%.
Just got back form dealer. MF is .0031 and there is nothing they can do about it, other than hope that BMW financial has a change of heart within the next week or so. As for financing, they said 6.25 or so would probably be the best they would be able to get, for someone with flawless credit. I am currently deciding whether to pay cash, or cancel my order. I initially planned on a lease, because quite frankly this is a BMW, and keeping it around 3-4 years could be expensive. BMW doesn't exactly build reliable low maintainance cars, as much as we love the brand. The upside of paying cash is that I can tell BMW to suck it long and hard when it comes to modifications. This is a tough call for me at the moment.
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02-27-2008, 07:44 PM | #68 |
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My SA told me 5.75% today
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02-27-2008, 07:58 PM | #69 |
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I was told the same when I asked. I also asked my bank, and they said 5.4
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02-27-2008, 07:59 PM | #70 |
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My reaction with these numbers is disapointing. I like new cars every couple yrs and find selling a hassle. This will be my fifth bmw and will want a newer 135 in 3 yrs, so leasing was very convienant.
I can only think that BMW expects the first allotment of 1er's to get trashed by enthusiants and would prefer not to have them turned in on lease. However, they will probably end up with my 135 on trade anyway, so I can't figure it out. Also, I didn't get $8k worth of options. I'll be out the door at $37k. Financing those options in this lease is a real waste of $$. I'll probably end up financing, but surely won't be giving BMW Financial that business after these announcements. :bs::bs::bs::bs::bs::bs::bs::bs::bs::bs::bs::bs: |
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02-27-2008, 08:27 PM | #72 |
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http://www.edmunds.com/apps/calc/Cal...ion=lease_calc
Using the above calculator, this is where my 135i would lease out at per month: Price $39,500 Tax +$3,259 Title +$593 DP ($2500) 36-mo. lease Residual $22,910 (58%) MF .0031 10k miles/yr Security $650 Total amount financed $37,593 $644.54 per month |
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02-27-2008, 08:29 PM | #73 |
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02-27-2008, 08:45 PM | #74 | |
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What would be expensive about keeping the car for three to four years? It comes with four year/50,000 warranty and maintenance. What makes that "expensive"? |
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02-27-2008, 08:51 PM | #75 |
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I anticipated the potential need to finance because of unfavorable lease terms, but I thought it would at least be a tough decision when the time came. It is not. With these terms, BMW is pretty much daring you to lease, knowing full-well that you'll be taking it up the keister if you do.
We know the car isn't "entry level", but to price the lease on-par with the 550i, a car that starts at $59k? Balls of steel. If there was any doubt that the 1er is a niche car, and that niche is itty bitty, I'd say it's been quashed. In conclusion, given today's release of the lease terms and the lack of a BMWCCA rebate, I respectfully submit that we proclaim today, February 27, 2008 as Up The Keister Day on 1addicts. |
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02-27-2008, 09:17 PM | #77 |
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Because the 50,000 miles part will be gone.
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02-27-2008, 10:20 PM | #78 | |
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For leasing a 135i, we have to pay almost 1000 monthly(it is only a 1er). I'm driving a MB C32 AMG now and I'm only pay 960 a monthly. |
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02-27-2008, 10:33 PM | #79 |
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02-27-2008, 10:35 PM | #80 |
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Aren't these the same basic rates (or less) than people paid for the 335 when it first came out? I recall reading lease prices in the $800s when I checked. Like some have said, in a year there will be some special deals. And, like others have said, when you do the math with NO discount, you get what they're offeing -- $700s.
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02-27-2008, 10:40 PM | #81 |
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ok this is absolutley absurd. Yes the 1er is great and all that but in the end its an entry level BMW and thats the bottom line. no further discussion. to have a 58% residual and pay upwards of 700/m on a lease is something that makes 0 sense in my book!
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02-27-2008, 11:19 PM | #82 | |
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02-27-2008, 11:20 PM | #83 |
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The cost of money is well "the cost of money". BMW is not going to artificially raise the residual to lower the lease payment and they are not going to subsidies a lower money factor.
So unless the Fed lowers rates more or BMW gets froggy, purchase is better than lease. |
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02-27-2008, 11:33 PM | #84 | |
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02-27-2008, 11:34 PM | #85 | |
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02-27-2008, 11:45 PM | #86 | |
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This is a new US model for BMW with a relatively small production run. If you're looking for a good lease deal, a brand new model BMW is not going to be an option. There are all types of good deals for the 3-series out there. If you really want a 1, you should buy the car, or wait till the fall/next year. What BMW is trying to do makes good sense. There is not a lot of money to be made on this vehicle. They seem to be trying to tightly control the launch. The crap lease deals for the 1-series will help to prevent the "cheap" stigma associated with a smaller model. |
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02-27-2008, 11:49 PM | #87 | |
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I was one of the few that thought the lease rates were going to be in the 700's. I also believe that you are correct in that BMW feels that there is not need to subsides the 1 to increase sales. |
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02-28-2008, 12:16 AM | #88 |
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Given my payments over the last decade on fully loaded premium, sports, cold weather, stereo upgrades, etc. the lease rates on the 135i seem ridiculous.
1996 M3 E36 $341.80 1998 328i E46 $443.98 2002 330i E46 $488.75 2006 330i E90 $519.60 These were all 36mth and 15k miles/yr., $5k drive off, and include tax. I've leased because it has been a practical way to obtain - use - and dispose of a car. The last few years it has made the accounting right off for my business simple and straight forward as well. If I can't get a fair lease deal I'll have to talk with my accountant about right offs on a finance option. George
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