128i / 135i LEASE RESIDUALS announced

[rdkind62]

This information comes as no surprise to me. Just as I said a couple of days ago when I predicted 58% and .0003 MF.

Here is a thought though. We are all speculating on why the cost is so high. Has anyone considered the thought that maybe the fact that a lot of people (1Addicts) have run to the dealer and put down money on a car they have never seen in person or driven, has given the folks at BMW the idea that the public is willing to pay whatever they ask since we are so gaga over this car?

[IrvRobinson2]

everyone, yes, the lease rates are pretty high, but it's something that we all expected. It happened the same when the new 3er came out. Give it some time and things will settle down a bit, but in my opinion, the lease rates will always be higher than the 3-series for example.

I also do expect an increase in the 3-series pricing soon, I don't think BMW can afford not to.

anyway, these are just my thoughts.

[ChrisK]

I don't understand why everyone is freaking out. It's a brand new model. BMW isn't going to offer discounts on it. :iono:

[IrvRobinson2]

Originally Posted by chriskurn

I don't understand why everyone is freaking out. It's a brand new model. BMW isn't going to offer discounts on it. :iono:

I agree Chris. I have expected this. What I hope is that in the near future, they will let the dealers use the ED allocation and then the payments will go down for sure.

Btw, here is a poll

http://www.bmwblog.com/2008/02/28/bm...e-lease-rates/

I have to agree with Horatiu, the author, there will be plenty of people that will still lease them and the cars won't be sitting on the lots.

[TunedM2C]

^ Sent you a PM.

[pinksnyper]

Maybe i'm not the best at math,but using that calculator above...a loosely equiped 128i at $30,940 with $3,000 down (excluding taxes and such) will lease at roughly $439 with .0027 money factor. Is this ...ehh....correct?

[xlifelessdaysx]

36900 car
3500 down
36month
12kyr

550/mo
still doable for me thank god, i was gonna lose it ha

[TazioNYC]

Originally Posted by xlifelessdaysx

36900 car
3500 down
36month
12kyr

550/mo
still doable for me thank god, i was gonna lose it ha

There are taxes and such as well.

[Space gray]

Originally Posted by xlifelessdaysx

36900 car
3500 down
36month
12kyr

550/mo
still doable for me thank god, i was gonna lose it ha

Instead of money down, look into MSD's. It won't lower your payment as much, but you'll get the money back.

[Numb3rs]

edit: consolidating

[Numb3rs]

Not for me, I do not like the 335i

Would you pay $28,404 dollars to drive a 135i for 3 years is the question? If BMW is charging a high rate of financing, then don't grace BMW financing with your $$, a credit union or other methods can be much cheaper?

Putting any money down on a lease is not a financially responsible idea, specially if you get into an accident or it gets totaled. It does lower your cost by a slight margin, but not much.

Like someone else here said, the 135i is going to be an exclusive car. I see many upset and considering other options but I think BMW target audience is people who will showcase this cars at their local road courses and tracks.

[Ringmeister]

I have the first customer car at my dealer and if the lease payment ends up as high as people are saying then I will surely pass. BMW is making a big mistake, I think at these lease prices the cars are not going to move. Of course BMW will just say that they can't sell a smaller/less expensive car than the 3 series in the USA just like they did when they couldn't sell the 318ti when in the end it's their own fault.

[imported_Azzurri]

Originally Posted by Ringmeister

I have the first customer car at my dealer and if the lease payment ends up as high as people are saying then I will surely pass. BMW is making a big mistake, I think at these lease prices the cars are not going to move. Of course BMW will just say that they can't sell a smaller/less expensive car than the 3 series in the USA just like they did when they couldn't sell the 318ti when in the end it's their own fault.

What was the original price of the 318? The 1 might be the entry level because of it's number, but the price sure as hell isn't.

[Ringmeister]

The 318ti was $20,000 initially in 1995. The car ran in the US until 1999.

[hellrotm]

These numbers are really not a surprise. Give the 335i boys some credit, they called this from the beginning. This is why I never planned on getting a 1er early anyways, I knew there wasn't going to be a deal.

[aus]

You just hav to wait 6-12 months to get a better lease rate by BMW or just buy the car.
We I got my 335i, BMW finiacial was much less than what was available on-line.
My car was $46k, I had a $1,500 drive off with $650/mo, 15k miles, and that's WTIH tax/lic.
I think I could have sqweezed another $500 off the drive-off.

Now if BMW really is going to limit supply and the demand maintains to some extent, they won't have any incentive to reduce the money factor. THat would be bad.

[b2nvs2001]

Okay, just another question about my payments. Monthly paymenmt for my 44325 dollar 135i. 9000 drive off with 74% residual and 0.0031 MF. Payment = 455$. For 3 yr with 61% residual and 9000 drive off and same MF, payment = 539$. When I calculate the lease payments using the money down, MF etc with the simple formula from http://www.bmwblog.com/2007/09/24/gu...rn-everything/ i get lower values per month. I would hate to think that even though I am getting jacked on the price and residuals and MF etc., they would even go so low as to take even more money from me with some calculation they were doing and playing it off as if I did not know the formula for this. If my suspicions are confirmed by those of us here that are apt in this matter, should I challenge my dealer with the formula and figures I get?

[Space gray]

Post the MSRP, negotiated sales price, and what are you paying with the 9k? Is all of it cap cost reduction? I think it probably includes license, docs fee, maybe lease acq fee, etc. Do you pay sales/use tax with the monthly payment in your state?

[silversprint]

I think BMW just doesn't want a bunch of 135is being trashed at the track for 2 years then returned at the end of the lease to sit on their dealer lots. They don't think the 1s will be worth much as used car.

The z4M coupe at the end of last year was leasing for $499/month with barely any money down.

[NJKSC27]

Originally Posted by silversprint

I think BMW just doesn't want a bunch of 135is being trashed at the track for 2 years then returned at the end of the lease to sit on their dealer lots. They don't think the 1s will be worth much as used car.

The z4M coupe at the end of last year was leasing for $499/month with barely any money down.

yes plus tax, fees, and firsts month....more like 600

[sarafil]

Guys, ask your dealer if they do leases through Chase. I just checked their programs and for 36 months the programs are not bad. Their 24 month lease is not good because the rate is much higher than BMW and the residual is a few points lower, but for 36 months the residual is the same as BMW's on the 128i coupe and 135i coupe (no convertible residual yet in their book). Also, their 36 month rate is quite a bit below BMW's provided that you have a 700+ FICO (their lease rates are tiered based on credit score). Also, at least for our region, they are doing $0 security deposit leases. Also, every Chase lease comes with $1000 wear and tear allowance standard, so they will waive up to $1000 in excess wear and tear charges (not mileage penalty) at the end of the lease.

Don't get me wrong... I'm a big BMWFS supporter and would rather use them, but in this case BMWNA is not supporting the lease on this car because they do not have to, and looking at other banks might be the way to go, especially if the alternative is not getting the car at all.

[imported_MPower]

Originally Posted by NJKSC27

yes plus tax, fees, and firsts month....more like 600

No, no, no... Even with taxes and other fees added in, you are looking at no more than 550 a month. And that's before you negotiate even more. I bet if you play the game right, you could end up with a nice lease for a little more than 500 a month OTD.

The 135i may be a great car, BUT M Roadster/Coupe >> 135i. And incidentally, in terms of value, M Roadster/Coupe >>>>>> 135i.