Is the lease offer on the BMW website a good deal?

ronssito · 07-05-2010, 11:21 PM

2011 135i

Well equipped with Automatic Transmission and Premium Package.

Includes destination charge.

$389*/month for 36 months

• $389 First months payment
• $3,300 Down payment
• $400 Security Deposit
• $725 Acquisition fee
• $4,814 Cash due at signing

10K miles/yr

Thanks.

FJUNO78 · 07-06-2010, 11:59 AM

1. Never put money down on a lease.
2. You need the MSRP of the car to see if this is a good deal.
3. Is there a dealer contribution?

I think you have some research to do

tgxmike · 07-06-2010, 04:07 PM

No it's a shitty deal actually.

maybe at 14-15k mi/yr it would be good

jpd · 07-06-2010, 09:30 PM

This is a typical deal that you find on a brands website. You need to pay taxes which will add $65-75 to your payment. Your credit rating also determines what deal you will get. Leasing can make sense but you must follow the rules of the game beginning with the number of miles. My best guess is that the BMW website is saying something like 10K a year. The second thing is that when you return the car BMW will give it a thorough inspection-How well do you keep a car-some surprises if you don't. Leases are not for everyone. Good luck.

FJUNO78 · 07-07-2010, 07:54 AM

Quote:

Originally Posted by jpd

Your credit rating also determines what deal you will get.

I'm pretty sure BMWFS either approves you or doesnt approve you. I never heard of different tiers.

Anyone know for sure?

jpd · 07-07-2010, 10:24 AM

Credit rating is for financing rates. Not sure how BMW financial services handles lease rates.

TN_3 · 07-07-2010, 02:18 PM

Check over at bimmerfest, there is an entire thread about the recent change in BMWFS lease approval. They have now instituted tiered lease rates.

Beerflakes · 07-23-2010, 12:21 PM

Quote:

Originally Posted by TN_3

Check over at bimmerfest, there is an entire thread about the recent change in BMWFS lease approval. They have now instituted tiered lease rates.

They look at many things... credit history, score, payment history, whether you've purchased with them before (or in my case, whether a family member has purchased), *down payment*.

Down payment is a big deal.

ORIGIN M. · 07-23-2010, 12:57 PM

Your credit equals your risk, and yes they have tiers on the money factor you will end up with accordingly!

Jblack4083 · 07-28-2010, 02:17 PM

I work at a dealership, and although its not a BMW dealership, i can attest to the fact that all the deals on our website are designed to bring us maximim profit. All my profit making deals have been off the website.

jpd · 07-28-2010, 02:48 PM

Ditto, leasing rates are designed to sell cars and make a profit for the dealership.

07-05-2010, 11:21 PM	#1
ronssito Private 1 Rep 79 Posts Drives: . Join Date: Jun 2010 Location: Silicon Valley iTrader: (0)	Is the lease offer on the BMW website a good deal? 2011 135i Well equipped with Automatic Transmission and Premium Package. Includes destination charge. $389*/month for 36 months • $389 First months payment • $3,300 Down payment • $400 Security Deposit • $725 Acquisition fee • $4,814 Cash due at signing 10K miles/yr Thanks.
	Appreciate 0 Tweet Quote

07-06-2010, 11:59 AM	#2
FJUNO78 Captain 15 Rep 885 Posts Drives: 25 to 2 Join Date: Nov 2006 Location: staten island, NY iTrader: (0) Garage List 2010 135i [0.00] 2007 e92 328I [0.00]	1. Never put money down on a lease. 2. You need the MSRP of the car to see if this is a good deal. 3. Is there a dealer contribution? I think you have some research to do __________________ 2010 135i - Alpine White - Coral Red- Glacier Trim - Bluetooth - ///M Sport - Paddle Shifters Last edited by FJUNO78; 07-06-2010 at 12:06 PM..
	Appreciate 0 Quote

07-06-2010, 04:07 PM	#3
tgxmike Second Lieutenant 18 Rep 293 Posts Drives: '21 M2C 6MT, '21 Charger Scat Join Date: Feb 2010 Location: Boise, ID iTrader: (0) Garage List 2021 BMW M2 [0.00]	No it's a shitty deal actually. maybe at 14-15k mi/yr it would be good
	Appreciate 0 Quote

07-06-2010, 09:30 PM	#4
jpd Lieutenant 5 Rep 572 Posts Drives: Alpine White 135 Join Date: Mar 2010 Location: USA iTrader: (0)	This is a typical deal that you find on a brands website. You need to pay taxes which will add $65-75 to your payment. Your credit rating also determines what deal you will get. Leasing can make sense but you must follow the rules of the game beginning with the number of miles. My best guess is that the BMW website is saying something like 10K a year. The second thing is that when you return the car BMW will give it a thorough inspection-How well do you keep a car-some surprises if you don't. Leases are not for everyone. Good luck.
	Appreciate 0 Quote

07-07-2010, 10:24 AM	#6
jpd Lieutenant 5 Rep 572 Posts Drives: Alpine White 135 Join Date: Mar 2010 Location: USA iTrader: (0)	Credit rating is for financing rates. Not sure how BMW financial services handles lease rates.
	Appreciate 0 Quote

07-07-2010, 02:18 PM	#7
TN_3 Major 342 Rep 1,352 Posts Drives: 2018 M3 CS Join Date: Oct 2007 Location: Franklin, TN iTrader: (10) Garage List 2020 BMW X5 M50i G05 [0.00] 2018 BMW M3 CS F80 [0.00]	Check over at bimmerfest, there is an entire thread about the recent change in BMWFS lease approval. They have now instituted tiered lease rates. __________________ 2018 M3 CS F80 l SMB l EXEC 2020 X5 M50i G05 l MW l BLACK l PREM l DHP l 22” l PARK l EXT S-LINE l LASER l TH l AG
	Appreciate 0 Quote

07-23-2010, 12:57 PM	#9
ORIGIN M. Banned 3161 Rep 9,134 Posts Drives: ///M Join Date: Oct 2007 Location: Northern Hemisphere iTrader: (0)	Your credit equals your risk, and yes they have tiers on the money factor you will end up with accordingly!
	Appreciate 0 Quote

07-28-2010, 02:17 PM	#10
Jblack4083 Captain 118 Rep 888 Posts Drives: E46 ///M3 JB/CB Join Date: Jan 2009 Location: Queens, NYC iTrader: (0)	I work at a dealership, and although its not a BMW dealership, i can attest to the fact that all the deals on our website are designed to bring us maximim profit. All my profit making deals have been off the website.
	Appreciate 0 Quote

07-28-2010, 02:48 PM	#11
jpd Lieutenant 5 Rep 572 Posts Drives: Alpine White 135 Join Date: Mar 2010 Location: USA iTrader: (0)	Ditto, leasing rates are designed to sell cars and make a profit for the dealership.
	Appreciate 0 Quote