Leasing an 2009 this week

[jatchan]

This is what I quoted from the dealer today.
24 months 12k miles Residual 73% MF .00320

2009 135i
MSRP: 43800
Agreed price: 41770

Monthly payment: 676

Bank fee: 925
Security Deposit: 700
Documentation fee: 299
1st monthly payment: 676
Reg fee: 84.5
Tax on Bank fee(5%): 46.25
Total out of pocket: 2731

From leasecompare.com, the MF seems to be .00285 only.
So i believe the dealer was trying to trick me:iono:

[Noize]

That seems really high to me. I put only a little bit more than that down and my payment is less on a 6 year buy.

[1bonna]

Originally Posted by Alpinweiß

That seems really high to me. I put only a little bit more than that down and my payment is less on a 6 year buy.

I'm trying to determine if I should purchase or lease. I was thinking about leasing first then convert to purchase. Can I get your opinion about this move

[510kut]

I think with a lease you're given that option.. get the lease at the end of it you can choose to buy it or not.

[ARES45]

That mf equates to 7.68% interest. If you want to buy then I would maybe consider financing right away to lock in a good rate. You could try to negotiate the mf though and tell them if they can get the mf under .00275 you would lease with all else being the same. That would equate to them loaning you the money at about 6.5%.

[510kut]

Originally Posted by ARES45

That mf equates to 7.68% interest. If you want to buy then I would maybe consider financing right away to lock in a good rate. You could try to negotiate the mf though and tell them if they can get the mf under .00275 you would lease with all else being the same. That would equate to them loaning you the money at about 6.5%.

Isnt .00285 the lowest rate BMWFS will offer on a 135? Of course you can get it lower putting down MSD.

[ARES45]

It could be, but maybe they would give .00285 and throw in a goodie or two to try and make the deal.

[onehungevo]

My friend leased a new 335i which was 51k for $701 per month on a 3 year lease with no money down. The 335i has a great residual value. The residual value for a 135i isn't as good. The same dealer offered me a 135i costing 38k for $716/month on a 3 year lease with no month down. Both are at 1,500 miles per month. Now that is terrible. It looks like the 1 series is going to hold it's value. I'm waiting til 2009 to get a used 2008.

[Space gray]

Originally Posted by onehungevo

My friend leased a new 335i which was 51k for $701 per month on a 3 year lease with no money down. The 335i has a great residual value. The residual value for a 135i isn't as good. The same dealer offered me a 135i costing 38k for $716/month on a 3 year lease with no month down. Both are at 1,500 miles per month. Now that is terrible. It looks like the 1 series is going to hold it's value. I'm waiting til 2009 to get a used 2008.

Residuals of residuals for Oct 2008 (15k miles)

335i coupe: 24 mo = 63%, 36 mo = 58%
135i coupe: 24 mo = 71%, 36 mo = 58%

[BlackjackMulligan]

Originally Posted by jatchan

This is what I quoted from the dealer today.
24 months 12k miles Residual 73% MF .00320

2009 135i
MSRP: 43800
Agreed price: 41770

Monthly payment: 676

Bank fee: 925
Security Deposit: 700
Documentation fee: 299
1st monthly payment: 676
Reg fee: 84.5
Tax on Bank fee(5%): 46.25
Total out of pocket: 2731

From leasecompare.com, the MF seems to be .00285 only.
So i believe the dealer was trying to trick me:iono:

What dealer are you using? I'm from MA too.....

[Hammerfang]

Where can you find the residual values BMW uses for the leases?

[BlackjackMulligan]

They're here, search "November Lease Rates"

[ADA///M]

Leasing one myself this week. Although the numbers have gone down from October, the numbers are still decent.

Without tax included in the monthly payment I'm under 600/month for 24 months on a $42k MSRP(39k agreed price) with all the usuals up front.

[john08135i]

WOW.. that much to lease?

I bought mine sticker was $40,500 and for 60mth OTD financed $41,100 for $701/mth at .9%