BMW 1 Series Coupe Forum / 1 Series Convertible Forum (1M / tii / 135i / 128i / Coupe / Cabrio / Hatchback) (BMW E82 E88 128i 130i 135i)
 





 

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      02-27-2008, 07:41 PM   #67
E82tt6
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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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Originally Posted by chriskurn View Post
My SA told me 5.75% today

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, 08:12 PM   #71
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Wait until the end of the year or next year, BMW will have promotion on the 1er. This is what i'm doing.
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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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Quote:
Originally Posted by pwong888 View Post
Wait until the end of the year or next year, BMW will have promotion on the 1er. This is what i'm doing.
I tend to agree, but I don't think we'll have to wait until next year. The bloom is coming off the rose with the recent spate of bad news.
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      02-27-2008, 08:45 PM   #74
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Quote:
Originally Posted by E82TT6 View Post
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.

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, 08:54 PM   #76
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Balloons are another available option from BMW also.
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      02-27-2008, 09:17 PM   #77
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Quote:
Originally Posted by taukappa2000 View Post
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"?
Because the 50,000 miles part will be gone.
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      02-27-2008, 10:20 PM   #78
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Originally Posted by theslik1 View Post
I tend to agree, but I don't think we'll have to wait until next year. The bloom is coming off the rose with the recent spate of bad news.
You guys are lucky in US, in Canada our rate for leasing is 7.75% plus our price for a 135i is 20% more.
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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Quote:
Originally Posted by theslik1 View Post
I tend to agree, but I don't think we'll have to wait until next year. The bloom is coming off the rose with the recent spate of bad news.
What bad news?
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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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Quote:
Originally Posted by Rhutch98 View Post
I think this is exactly what BMW has planned all a long and should be no real shocker at least for the 135. This is not an entry level car and is not priced as such nor available in a lease as such. It is targeted to a particular group which will pay for the car and are not looking for status or getting this because they can't afford a 335. It is funny to think that folks are ready to jump ship to a 335 in a lease thinking they are getting more for the money, but the 335 has a different target group. These folks should be asking themselves why they wanted the 1 in the first place. If you can't afford it don't get it. I am paying cash for my 135 and I think it is a screaming deal, I could pay cash for 335 but I don't want that car. To me leasing is just a way to get something you can't afford and in this case BMW is making it less attractive for folks who can't afford it in the first place.
What is with this guy, if you are not interested in leasing this then why make it a point to say everyone who is, are those who can not afford this car? You are very wrong and just because you want it to be known that you are paying cash for your car it seems as though you want this car for status yourself... there are many reason to lease and unless you can comprehend that I would keep to myself before downgrading those who choose to finance their cars in this fashion.
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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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Quote:
Originally Posted by 0002s View Post
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.
The MF borders on price gauging. Most BMW cars are at .0020
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      02-27-2008, 11:34 PM   #85
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Quote:
Originally Posted by 0002s View Post
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.
I disagree, the cost of money is a secondary factor. I believe that BMW is looking at demand exceeding demand supply and due to this fact there is no need for them to subsidize the 1 series.
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      02-27-2008, 11:45 PM   #86
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Originally Posted by angkor View Post
I disagree, the cost of money is a secondary factor. I believe that BMW is looking at demand exceeding demand supply and due to this fact there is no need for them to subsidize the 1 series.
+1

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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Quote:
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I disagree, the cost of money is a secondary factor. I believe that BMW is looking at demand exceeding demand supply and due to this fact there is no need for them to subsidize the 1 series.
Profit is the #1 factor....so one can create the theories to justify what they want to believe.

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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