Any word on November Lease Rates

[BlackjackMulligan]

Did they change from October? When are they good through? I'm specifically wondering about the MF and Residual for 24 and 36 months, 12K miles per year for a 135i convertible.

[510kut]

I believe for the coupe its the same as Oct..

[1bonna]

Can someone point me to where I can find the residuals for the 1 series?

[1bonna]

I found the lease rates! Not bad IMHO

[BlackjackMulligan]

Originally Posted by comotu1

I found the lease rates! Not bad IMHO

Where did you find them? Please post link.....

[M3_Dust]

the lease I was quoted on my car (selling price of $41275) was $750/mo with tax for 15000mi/yr 36months with $3500 down. I financed the car because the lease payment was higher and the only good reason to lease IMO is to get a lower monthly payment.

[BlackjackMulligan]

Originally Posted by M3_Dust

the lease I was quoted on my car (selling price of $41275) was $750/mo with tax for 15000mi/yr 36months with $3500 down. I financed the car because the lease payment was higher and the only good reason to lease IMO is to get a lower monthly payment.

Sounds like they were trying to take you for a ride on the lease...

[M3_Dust]

Originally Posted by BlackjackMulligan

Sounds like they were trying to take you for a ride on the lease...

how so? standard lease rates, no specials, the selling price of the car is before TTL, the actual lease payment was like $679/mo but there is tax on the lease payment also and it came out to about $750/mo

what are you being quoted?

[BlackjackMulligan]

My deal will be in this ballpark (dealer already accepted the purchase price, I'm using BMW's lease rates as a guide for the payment):

MSRP 45,120
Purchse 42,462
2 yrs 24K miles
$3000 down
$465/mo includes Mass 5% tax
MF: .00285
Residual: 75%

Run it through a lease calculator, it's spot on. If you can tell me the MSRP for your car and assuming the 41,275 was the purchase price and what your tax rate is I can tell you if they were screwing you or not. Either way, no biggie cause you got the car and you're happy! That payment just sounded way high to me.

BTW, for those of you leasing, get familiar with www.leaseguide.com/calc.htm this is the best lease calculator and makes it quite easy to figure payments.

[M3_Dust]

wow that sounds like an outstanding lease, I don't see why the extra 3k miles/yr and extra year on the lease term would make the payment that much higher. I really had no intention of leasing anyway but if they had offered a payment that low I would have seriously considered it.

[BlackjackMulligan]

I found out today that for November they've dropped the residual by 3%.......I should have locked in! This will cost me about $50 bucks more a month.

[LeaseCompare]

BMW 1 Series Auto Lease Programs – Effective November 2008

These lease programs are provided courtesy of LeaseCompare.com by dealer partners and are NOT for redistribution.

Follow these 3 steps for the best lease deal!

1) Use the data listed below each vehicle model, and the Lease Formula at the bottom of this page, to calculate a manufacturer (captive) lease payment.

2) Compare special Bank Lease programs by clicking on the vehicle model name to see instant lease payments.

3) You’ve done your homework, now choose the best lease and start driving your car!

NOTE: Choosing a lease program, captive or bank, with the lowest money factor and a realistic residual value will provide you with the best overall leasing option.

FREE help on using this data or general leasing questions is available HERE:https://secure.acscorp.com/pla/pla.php

2009 BMW 128i Coupe
24 Month – Residual 72% of MSRP – .00285 Base Rate
36 Month – Residual 60% of MSRP – .00285 Base Rate
48 Month – Residual 48% of MSRP – .00285 Base Rate
60 Month – Residual 39% of MSRP – .00285 Base Rate

2009 BMW 128i Convertible
24 Month – Residual 73% of MSRP – .00285 Base Rate
36 Month – Residual 60% of MSRP – .00285 Base Rate
48 Month – Residual 48% of MSRP – .00285 Base Rate
60 Month – Residual 39% of MSRP – .00285 Base Rate

2009 BMW 135i Coupe
24 Month – Residual 68% of MSRP – .00285 Base Rate
36 Month – Residual 56% of MSRP – .00285 Base Rate
48 Month – Residual 46% of MSRP – .00285 Base Rate
60 Month – Residual 37% of MSRP – .00285 Base Rate

2009 BMW 135i Convertible
24 Month – Residual 70% of MSRP – .00285 Base Rate
36 Month – Residual 58% of MSRP – .00285 Base Rate
48 Month – Residual 47% of MSRP – .00285 Base Rate
60 Month – Residual 38% of MSRP – .00285 Base Rate

Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms

Lease Payment Calculation Formula:
(Cap Cost – Residual Value) / Term = Depreciation
(Cap Cost + Residual Value) X Base Rate = Interest
Depreciation + Interest = Base Monthly Payment

Terms Used in Lease Formula:
CAP COST = Vehicle Purchase Price (amount financed)
RESIDUAL VALUE = MSRP (window sticker) X Residual %
TERM = Length of Lease in Months (3 years = 36 months)
BASE RATE = Dealer’s Buy Rate (dealer can mark this up for profit)

NOTE: The manufacturer (captive) lease programs provided are for reference only. Base Rates may vary by region. Your dealer has the option of offering you a higher rate.

Compare Lease and Loan Payments for Used BMW Models HERE

Visit Auto Lease Insider for great leasing info!

[1bonna]

Originally Posted by BlackjackMulligan

My deal will be in this ballpark (dealer already accepted the purchase price, I'm using BMW's lease rates as a guide for the payment):

MSRP 45,120
Purchse 42,462
2 yrs 24K miles
$3000 down
$465/mo includes Mass 5% tax
MF: .00285
Residual: 75%

Run it through a lease calculator, it's spot on. If you can tell me the MSRP for your car and assuming the 41,275 was the purchase price and what your tax rate is I can tell you if they were screwing you or not. Either way, no biggie cause you got the car and you're happy! That payment just sounded way high to me.

BTW, for those of you leasing, get familiar with www.leaseguide.com/calc.htm this is the best lease calculator and makes it quite easy to figure payments.

Are the residuals standard, I went to the dealership today, I was told 70%.

[BlackjackMulligan]

The residuals *#$)(%# went down on the 135i vert in November.....all the others stayed the same. 70% is for 24 months with 15K/yr. I only need 12K/yr so it will be 72% for me. I'm so pi$$ed.