128i / 135i LEASE RESIDUALS announced

[n54_335]

Originally Posted by chriskurn

Ouch!

Just got a lease quote from my SA

$850 month to lease 39months/15k miles/7% sales tax rolled in

My car's is $43,800

you could pretty much buy it for that

[joelk]

Originally Posted by Azzurri

So what's the deal with lease being so much more? Is it because it's a new car to the market? Or a limited production year? High Demand and low production?

well we don't know the money factor yet so doesn't it just come down to the fact that they are being very conservative about the future worth of the car? new to market carries uncertainties that translate into higher risk for the leasor.

i wouldn't bet on these cars having a true market as low as reflected in these residuals ... it's just a conservative approximation with sufficient padding.

Personally, anything that makes the 1er not as commonplace as a 3er makes me happy.

[n54_335]

Originally Posted by joelk

well we don't know the money factor yet... padding.

I dont know about that, my SA told me exactly what my lease would be along with the money factor.... unless its variable, they told me .0031 was the standard rate on the 135i

[joelk]

Originally Posted by black135i

I dont know about that, my SA told me exactly what my lease would be along with the money factor.... unless its variable, they told me .0031 was the standard rate on the 135i

ah thnx :w00t:

that money factor seems ridiculous

[larryn]

Originally Posted by chriskurn

Ouch!

Just got a lease quote from my SA

$850 month to lease 39months/15k miles/7% sales tax rolled in

My car's is $43,800

550i Sedan

36 month lease
starts at $769 /month

The 550i is 8 cylinder and pretty darned loaded from the factory

-The equivalent of the premium package on the 1er (Power seats, Leather, Lumbar, Dimming Mirrors, Garage Door opener)
-iDrive
-Bluetooth
-BMW Assist
-10 speaker audio system

[n54_335]

Originally Posted by joelk

ah thnx :w00t:

that money factor seems ridiculous

I agree, I wonder if its really lower and my SA was not telling me the truth...:iono:

[E82tt6]

WOW, those are silly numbers. Might have to buy outright instead, or go to a Corvette.

[colonel1961]

Not claiming to be Karnac or anything, but for my 24 month lease on the 128i Cv, I used 74% residual in my pro forma calculations...ergo, I don't see those residuals as being too unfair or surprising.

[colonel1961]

Originally Posted by black135i

My dealer emailed me and said, for a $39k 135i lease for 3year/12k miles and for some reason 20% down it would be 489/month... that means low 700's with nothing down....I think, and if so thats really high

135i msrp: $38,950
lease term: 36 months
lease miles: 12k/year
Money factor: .0031 "said that was standard"
cap cost reduction: 7800 "recommended"
monthly payment: $489.00 w/tax (or with my math around $700.00 with nothing down)

With the figures shown above (including cap cost reduction), I calculated $515.99 per month without taxes (since you did not list your usage rate).

[E82tt6]

For me personally, it would be 749 a month, on an ED lease. 36mo, 42800 MSRP, 40400 ED price. .0034 MF (8.16% APR). Residual based on 42800.

That's about in line with a Z4MC, or a C6 Vette. Pretty nutso.

[imported_Azzurri]

So how many people are planing on not picking up a 1er now?

[imported_BayerischeMotorenWerke]

Can someone estimate a lease on a 128i with the information given, I would prefer a $2000 down payment.

[TunedM2C]

Hmm..if this holds true I will cancel the order and go with a 335i coupe. No sense paying a higher rate/payment on a lesser priced car.

[john970]

I'm getting around 8.2% for an ED lease... that is absolutely OBSCENE.

That is more than a walk in quote on a used car from my local bank with average credit. They are obviously using this to make money, but I can't believe it is that bad.

I figure my payments are the same on a lease vs. buy and I'm paying more cap with the buy option, plus no lease termination fees.

GARBAGE!

[E82tt6]

Originally Posted by Azzurri

So how many people are planing on not picking up a 1er now?

I'll have to talk to my dealer some more, but I think those lease numbers are unjustifiable for a 40 thousand dollar car.

My options at this point are:
-Pay in cash
-Buy something else

These lease rates are more expensive than a comparable lease on a Z4MC, or C6 Vette, so I may be going that way. Also more expensive than a 335i coupe by a good margin.

If I WEREN'T doing ED, the lease numbers would be north of 800 a month for 36 months. To be blunt, those are HIGHER than Cayman S numbers. A quick internet search found a local dealer advertising $695 a month for a Cayman S with 3k down...

I think BMW doesn't want people leasing this car.

[TunedM2C]

So that slim margin BMW claims to build 'em is now being made up through their outstanding lease rates.

[john970]

I wish auto press would start reviewing the cayman S as the same price as the 135 now, that would grab the attention of BMW's gougingers.

[Harold]

Are we positive that the money factor is .0031 for all 135i leases? Is 128i money factor the same?

[NJKSC27]

i had by buddy run the numbers (he is an Infiniti finance manager) and even if the money factor goes from .0031 to .00245 we are only talking about $30/month

these might be my last few days being a "1addict"

[M135]

No doubt, I think BMW has made a mistake. I think that this car is going to be hot, but not a necessity. It is enough to make me want to walk away from BMW as my next car and that is not good--being that the 335i may be cheaper I don't quite know how I feel about the brand in general.

Before those ask "what did you expect", my answer is that the market this car is in or was hoping to hit does not want to spend that much money on this car. I wanted a cheap little fun car that wasn't going to break the bank since it will sit a lot in my garage. It's not an M (just proclaimed by some of those around here), not a tii, just a fun little car that was more affordable than its bigger brother.

Big mistake BMW, IMHO.

[NJKSC27]

ok ready.....

lease a 135i for 650/month

or

lease a 335 for 650/month

no brainer

[n54_335]

ya I think that I am going to hold off on the 1er for now, thats just too much money for this car when considering I didnt even get leather and I have a place in L.A. where I can get a fully optioned 335i sedan for 510 w/tax or insted of the stripped down 135 for 489 w/tax and 8k down...