lease of $590/mo, $2500 down.... ok, or getting raped?

ssabripo · 08-15-2008, 01:18 PM

:iono:

sounded a bit high, but the numbers check out with the ridiculously high Lease rates the 135i has right now.

gatorfast · 08-15-2008, 01:33 PM

Might be a little high. Which dealer gave you that price and which other ones have you checked out?

ssabripo · 08-15-2008, 01:36 PM

Quote:

Originally Posted by gatorfast

Might be a little high. Which dealer gave you that price and which other ones have you checked out?

same dealer I've bought my last few from. Lauderdale imports.

I got the price of $1400 over ED invoice. I think it was $38830 or something like that. But the lease rates on the 135 are astronomical (from what she showed me), and worst yet, they brought down the residual from 64% to 58%, which bumped the monthly higher to $590/mo (from $520/mo originally).

:iono:

Noize · 08-15-2008, 01:37 PM

Lease on 1series are still really high. I guess they are expecting a decent depreciation hit. You can lease a 3 series for the exact same or less, and its a $5000 more expensive car!

dbtheo · 08-15-2008, 02:00 PM

Quote:

Originally Posted by ssabripo

same dealer I've bought my last few from. Lauderdale imports.

I got the price of $1400 over ED invoice. I think it was $38830 or something like that. But the lease rates on the 135 are astronomical (from what she showed me), and worst yet, they brought down the residual from 64% to 58%, which bumped the monthly higher to $590/mo (from $520/mo originally).

:iono:

lease rates on ED are higher than non ed cars

ssabripo · 08-15-2008, 02:04 PM

here is some calculations:

notice that I used a 335i "Purchase" vs the 135i "leased" value.

dunno what to think:wub:

Rossmar · 08-15-2008, 02:04 PM

What was your money factor? ED adds .015, so for me it was .300 (which is insanely high as it is)

ssabripo · 08-15-2008, 02:20 PM

Quote:

Originally Posted by Rossmar

What was your money factor? ED adds .015, so for me it was .300 (which is insanely high as it is)

I believe mine was 255 and jumped to 268 with ED.

what really pisses me off is the the residual dropped from 64% to 58%, and thus, combined with the money factor, the montly jumped nearly $70/mo more!!!

this sucks.

I mean, with the 0.9% financing, I'm tempted to say fuck it and just buy a 335i

gatorfast · 08-15-2008, 02:23 PM

Quote:

Originally Posted by ssabripo

I mean, with the 0.9% financing, I'm tempted to say fuck it and just buy a 335i

With that interest rate it might be hard not to.

ssabripo · 08-15-2008, 02:28 PM

what pisses me off is that my trip is a couple of weeks away, my car already built and waiting, my trip planned, etc.

and to get this curveball just really pisses me off

Rossmar · 08-15-2008, 06:41 PM

What did you change to make them change the residual from 64 to 58?

All4One · 08-15-2008, 06:49 PM

1% for financing? You were able to get that? I had 4.69% and i was complaining to the heels, BMW offered me 0.9 for 335. Guess what i said...sorry i am an addict! ha ha ha. I paid mine last weekend. You should use what you have qualified for on the financing, you will be able to have a better informed decision.

imported_McLovin · 08-15-2008, 09:49 PM

I put 3k down, have 5.99% interest rate and pay just over $600/month to OWN the car. I only had heated seats and premium sound for options but for that payment I'd look into just buying it.

gargoyal · 08-15-2008, 10:23 PM

leasing a 1st year model = Rape

your numbers seem about right take a look at this post for the aug lease rates

http://www.1addicts.com/forums/showt...ht=lease+rates

Leasing a 3 is cheaper because of the specials BMW is running and the residual. 1er leases will suck for a year or so until proper residuals are established.

edit
remember you don’t have to finance or lease through the dealer. they don’t make money on ED so they try to get you else where. If you have good credit try a few leasing companies.

135iPSU · 08-15-2008, 10:28 PM

they are really high, mine was 53,000 with 10k down it was 650/mo and with 6500 down its 880/mo, i might just go with the more a month option then more down

ssabripo · 08-16-2008, 04:21 PM

well, looks like although "high", considering the fact that money factor for this car is high, residual dropped, and compared to other leases, it is not bad in relation.

Just sucks to know that 3 years ago my colleague was able to get a fully loaded M3 coupe (e46) leased for $669/mo with $4k down, and I'm gonna end up paying $80 less a month for a 1 series

lannypoffo · 08-16-2008, 09:00 PM

the car i get on wednesday will cost me $600/month for a 3 year lease. 12k mile/year . I paid nothing down, the previous owner did that for me. (about $1700 out of his pocket total) I'm taking the lease over on the 4th month. Not cheap.. but worth it to me.

ssabripo · 08-17-2008, 03:44 PM

Quote:

Originally Posted by lannypoffo

the car i get on wednesday will cost me $600/month for a 3 year lease. 12k mile/year . I paid nothing down, the previous owner did that for me. (about $1700 out of his pocket total) I'm taking the lease over on the 4th month. Not cheap.. but worth it to me.

yeah, that sounds about right

ssabripo · 08-20-2008, 10:23 AM

well, I thought about it all weekend, did some research, calculated and recalculated, and I guess I got what I got :wub:

ended up paying $3300 out of pocket ($2500 down, 1st month payment, tax, title, etc) and $590/mo for 36 months :iono:

oh well...it is what it is

GigEm93 · 08-20-2008, 11:09 AM

Still better than what I'm getting so don't feel too bad, Ssabripo.

lannypoffo · 08-20-2008, 12:24 PM

Quote:

Originally Posted by ssabripo

well, I thought about it all weekend, did some research, calculated and recalculated, and I guess I got what I got :wub:

ended up paying $3300 out of pocket ($2500 down, 1st month payment, tax, title, etc) and $590/mo for 36 months :iono:

oh well...it is what it is

what mileage allowance?

ssabripo · 08-20-2008, 03:07 PM

Quote:

Originally Posted by lannypoffo

what mileage allowance?

12k/yr

08-15-2008, 01:18 PM	#1
ssabripo HALA MADRID! 938 Rep 2,877 Posts Drives: camels & donkeys Join Date: Jul 2005 Location: Plantation, Fl iTrader: (7)	lease of $590/mo, $2500 down.... ok, or getting raped? :iono: sounded a bit high, but the numbers check out with the ridiculously high Lease rates the 135i has right now. __________________ F87 M2 Competition, Sunset Orange, Exc, DCT. SOLD F80 M3 Mineral Grey/Sakir Orange, Exc, DCT... ED 6/2015 SOLDE90 M3, Interlagos Blue / M individual two-tone, ZCP, ZP2, ZCV, DCT, ED.
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08-15-2008, 01:33 PM	#2
gatorfast Major General 4992 Rep 6,860 Posts Drives: 718 Cayman Join Date: Jan 2008 Location: SoFla iTrader: (4)	Might be a little high. Which dealer gave you that price and which other ones have you checked out?
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08-15-2008, 01:37 PM	#4
Noize Under the radar 41 Rep 840 Posts Drives: FWD in reverse Join Date: Jan 2007 Location: In traffic at idle iTrader: (1)	Lease on 1series are still really high. I guess they are expecting a decent depreciation hit. You can lease a 3 series for the exact same or less, and its a $5000 more expensive car!
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08-15-2008, 02:04 PM	#6
ssabripo HALA MADRID! 938 Rep 2,877 Posts Drives: camels & donkeys Join Date: Jul 2005 Location: Plantation, Fl iTrader: (7)	here is some calculations: notice that I used a 335i "Purchase" vs the 135i "leased" value. dunno what to think:wub: __________________ F87 M2 Competition, Sunset Orange, Exc, DCT. SOLD F80 M3 Mineral Grey/Sakir Orange, Exc, DCT... ED 6/2015 SOLDE90 M3, Interlagos Blue / M individual two-tone, ZCP, ZP2, ZCV, DCT, ED.
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08-15-2008, 02:04 PM	#7
Rossmar Private 0 Rep 85 Posts Drives: 128i Join Date: Jul 2008 Location: Shrewsbury, MA iTrader: (0)	What was your money factor? ED adds .015, so for me it was .300 (which is insanely high as it is) __________________ Surviving in my 08 Montego 128i
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08-15-2008, 02:28 PM	#10
ssabripo HALA MADRID! 938 Rep 2,877 Posts Drives: camels & donkeys Join Date: Jul 2005 Location: Plantation, Fl iTrader: (7)	what pisses me off is that my trip is a couple of weeks away, my car already built and waiting, my trip planned, etc. and to get this curveball just really pisses me off __________________ F87 M2 Competition, Sunset Orange, Exc, DCT. SOLD F80 M3 Mineral Grey/Sakir Orange, Exc, DCT... ED 6/2015 SOLDE90 M3, Interlagos Blue / M individual two-tone, ZCP, ZP2, ZCV, DCT, ED.
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08-15-2008, 06:41 PM	#11
Rossmar Private 0 Rep 85 Posts Drives: 128i Join Date: Jul 2008 Location: Shrewsbury, MA iTrader: (0)	What did you change to make them change the residual from 64 to 58? __________________ Surviving in my 08 Montego 128i
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08-15-2008, 06:49 PM	#12
All4One Second Lieutenant 3 Rep 241 Posts Drives: 135icp Join Date: May 2008 Location: Bay Area iTrader: (0)	1% for financing? You were able to get that? I had 4.69% and i was complaining to the heels, BMW offered me 0.9 for 335. Guess what i said...sorry i am an addict! ha ha ha. I paid mine last weekend. You should use what you have qualified for on the financing, you will be able to have a better informed decision. __________________ Monaco to Monaco:roundel:
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08-15-2008, 09:49 PM	#13
imported_McLovin Enlisted Member 1 Rep 45 Posts Drives: Join Date: Jul 2008 iTrader: (0)	I put 3k down, have 5.99% interest rate and pay just over $600/month to OWN the car. I only had heated seats and premium sound for options but for that payment I'd look into just buying it.
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08-15-2008, 10:23 PM	#14
gargoyal First Lieutenant 11 Rep 352 Posts Drives: Join Date: Mar 2008 iTrader: (0)	leasing a 1st year model = Rape your numbers seem about right take a look at this post for the aug lease rates http://www.1addicts.com/forums/showt...ht=lease+rates Leasing a 3 is cheaper because of the specials BMW is running and the residual. 1er leases will suck for a year or so until proper residuals are established. edit remember you don’t have to finance or lease through the dealer. they don’t make money on ED so they try to get you else where. If you have good credit try a few leasing companies. __________________ Crimson Red 135i, sport pkg ,blk leather delivered 6/27/08
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08-15-2008, 10:28 PM	#15
135iPSU Enthusiast 11 Rep 272 Posts Drives: Join Date: Jun 2008 iTrader: (1) Garage List 2008 135i [0.00]	they are really high, mine was 53,000 with 10k down it was 650/mo and with 6500 down its 880/mo, i might just go with the more a month option then more down __________________ Titanium Silver, Coral Red, Aluminum
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08-16-2008, 04:21 PM	#16
ssabripo HALA MADRID! 938 Rep 2,877 Posts Drives: camels & donkeys Join Date: Jul 2005 Location: Plantation, Fl iTrader: (7)	well, looks like although "high", considering the fact that money factor for this car is high, residual dropped, and compared to other leases, it is not bad in relation. Just sucks to know that 3 years ago my colleague was able to get a fully loaded M3 coupe (e46) leased for $669/mo with $4k down, and I'm gonna end up paying $80 less a month for a 1 series __________________ F87 M2 Competition, Sunset Orange, Exc, DCT. SOLD F80 M3 Mineral Grey/Sakir Orange, Exc, DCT... ED 6/2015 SOLDE90 M3, Interlagos Blue / M individual two-tone, ZCP, ZP2, ZCV, DCT, ED.
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08-16-2008, 09:00 PM	#17
lannypoffo Lieutenant 19 Rep 564 Posts Drives: 2013 Dodge Charger SRT8 Join Date: Aug 2008 Location: Cali iTrader: (1)	the car i get on wednesday will cost me $600/month for a 3 year lease. 12k mile/year . I paid nothing down, the previous owner did that for me. (about $1700 out of his pocket total) I'm taking the lease over on the 4th month. Not cheap.. but worth it to me.
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08-20-2008, 10:23 AM	#19
ssabripo HALA MADRID! 938 Rep 2,877 Posts Drives: camels & donkeys Join Date: Jul 2005 Location: Plantation, Fl iTrader: (7)	well, I thought about it all weekend, did some research, calculated and recalculated, and I guess I got what I got :wub: ended up paying $3300 out of pocket ($2500 down, 1st month payment, tax, title, etc) and $590/mo for 36 months :iono: oh well...it is what it is __________________ F87 M2 Competition, Sunset Orange, Exc, DCT. SOLD F80 M3 Mineral Grey/Sakir Orange, Exc, DCT... ED 6/2015 SOLDE90 M3, Interlagos Blue / M individual two-tone, ZCP, ZP2, ZCV, DCT, ED.
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08-20-2008, 11:09 AM	#20
GigEm93 1derful 1 Rep 172 Posts Drives: SGM 135 Join Date: Jul 2008 Location: Texas iTrader: (0)	Still better than what I'm getting so don't feel too bad, Ssabripo. __________________ "The fact of the matter is this. The 135 coupé is the best car BMW makes." - Jeremy Clarkson
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