BMW 1 Series Coupe Forum / 1 Series Convertible Forum (1M / tii / 135i / 128i / Coupe / Cabrio / Hatchback) (BMW E82 E88 128i 130i 135i)
 





 

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      09-12-2007, 07:04 AM   #1
M00C0W25
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Lease Prices on 135 US Delivery vs ED

This is my first post on this forum and I just want to take the opportunity to say Hi. Like many of you I have been checking in multiple times a day and cannot wait for this spring! I am looking forward to being an active member of this forum.

Without getting into a debate on whether or not leasing is a good idea, based on the current MSRP speculation ($33K-$37K) what do you all think the estimated lease prices will be ($0 down) for US delivery versus European Delivery?

Thanks,
Matt

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      09-12-2007, 07:20 AM   #2
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Leases can be a little rough on first year models because they have no clue what residuals will look like. Plus, I wouldn't expect BMW to offer any incentives fresh out the gate.
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      09-12-2007, 07:42 AM   #3
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Quote:
Originally Posted by M00C0W25 View Post
This is my first post on this forum and I just want to take the opportunity to say Hi. Like many of you I have been checking in multiple times a day and cannot wait for this spring! I am looking forward to being an active member of this forum.

Without getting into a debate on whether or not leasing is a good idea, based on the current MSRP speculation ($33K-$37K) what do you all think the estimated lease prices will be ($0 down) for US delivery versus European Delivery?

Thanks,
Matt

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sorry Matt, but there is no way anyone can predict that. Who knows what the MF or the residuals will be.
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      09-12-2007, 07:55 AM   #4
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True, the MF and Residuals are difficult to estimate, I was just trying to see if they would be on par with what was offered on the 328 and 335 coupes when they came out (I recall receiving a $499/mo lease offer on the 335 before release). I will just have to wait like everyone else!
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      09-12-2007, 08:11 AM   #5
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Quote:
Originally Posted by M00C0W25 View Post
True, the MF and Residuals are difficult to estimate, I was just trying to see if they would be on par with what was offered on the 328 and 335 coupes when they came out (I recall receiving a $499/mo lease offer on the 335 before release). I will just have to wait like everyone else!
$499. per mo.? With how much down, if you don't mind me asking?
Because that's as good a deal as I was offered at my dealership after much negotiating.

I also lease- for a variety of reasons incl the obvious ones-
As you know, residual value is an estimate...the parameters are determined at the outset by the company in part as a formula by which they offer lease rates.
So it is in place from the get-go.

Leases typically don't get comsumer friendly- especially on a brand new model until a year after intro. But, who knows? I've seen BMW trot out some very sweet leases early on.
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      09-12-2007, 08:25 AM   #6
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Quote:
Originally Posted by Brookside View Post

Leases typically don't get comsumer friendly- especially on a brand new model until a year after intro. But, who knows? I've seen BMW trot out some very sweet leases early on.
i got my e92 335 when it first became available and was pleasantly surprised that the mf was 200; was afraid it might even have been 300 or so. so i think 200 or so is possible but highly doubt we'll see anything lower than that right away. as far as the residuals who knows but similarly i wouldn't expect to see north of 70/60 for 2/3 yrs., probably more like 68/58.
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      09-12-2007, 08:38 AM   #7
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I think that's accurate forecasting.
Interesting to see how this plays out.
Typically I'm looking at estimated residual value vs my buy-out number on a end-of-lease as a healthy financial guide....a fairly large downpayment on a lease (36mo), at least for me, makes buy-out attractive- and then turn it around on private sale...which is basically the plan going from my Z4 into a 135.
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      09-12-2007, 09:59 AM   #8
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If you check BMW's website they offer the 335i coupe for $520 a month plus tax with total out of pocket of $3,000. Not to bad a deal. I'm hoping the 135 will be in the mid to low 400's once it's all said and done.

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      09-12-2007, 12:40 PM   #9
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I don't recall the details of the 335 lease offer (came in a marketing mailing earlier this year).

I am also hoping it is in the 400's, especially since PA charges 9% tax on top of that.
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      09-12-2007, 12:50 PM   #10
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9%...ouch that is a little rough. You could always get the car in the 400 range by additional cap reductions, although I advise against this. As long as the residual is around 60%(most BMW's are) and the money factor is around .002 (again most BMW's are) you would be looking at a $470 payment assuming a $35kmsrp. Lots of assumptions I know, but what else are we to do to help pass the time...

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      09-12-2007, 02:34 PM   #11
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Quote:
Originally Posted by Lips View Post
If you check BMW's website they offer the 335i coupe for $520 a month plus tax with total out of pocket of $3,000. Not to bad a deal. I'm hoping the 135 will be in the mid to low 400's once it's all said and done.

Lips
not always a good thing to put anything down on a lease.
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      09-12-2007, 02:37 PM   #12
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Depends on your situation and what you are looking for. I prefer to put nothing down,but when I was younger it was nice putting a couple grand down and having more manageable payments.
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      09-12-2007, 11:07 PM   #13
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Quote:
Originally Posted by Lips View Post
Depends on your situation and what you are looking for. I prefer to put nothing down,but when I was younger it was nice putting a couple grand down and having more manageable payments.
You were just tricking yourself into believing that something financially illogical was a good idea.
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      09-13-2007, 08:15 AM   #14
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Well obviously any car is a bad investment(unless we are talking about classics that are out of my price range) but you get the idea...

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      09-17-2007, 03:11 AM   #15
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Quote:
Originally Posted by IrvRobinson View Post
not always a good thing to put anything down on a lease.
Can you tell me why you say that? Are you refering to in-fees or cap cost reduction?

-Mateo
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      09-19-2007, 08:12 AM   #16
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Quote:
Originally Posted by mateo View Post
Can you tell me why you say that? Are you refering to in-fees or cap cost reduction?

-Mateo
you are putting more money upfront.


if you do a two year lease with no money down on a 335 you'd probably pay 600/month (or more). that's $14400 paid at the end of your lease.

if you put 3000 dollars down and they charge you 500 per month then after 24 months u'd pay $15000.

maybe my calculations are wrong?


another pro could be that u dont' need to pay so much money upfront as i have said before. u can spread that cost over the lease period(and gives u enough time to make enough money to pay for ur lease)
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      09-19-2007, 01:29 PM   #17
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Quote:
Originally Posted by DiaBLoS View Post
you are putting more money upfront.


if you do a two year lease with no money down on a 335 you'd probably pay 600/month (or more). that's $14400 paid at the end of your lease.

if you put 3000 dollars down and they charge you 500 per month then after 24 months u'd pay $15000.

maybe my calculations are wrong?


another pro could be that u dont' need to pay so much money upfront as i have said before. u can spread that cost over the lease period(and gives u enough time to make enough money to pay for ur lease)

The real benefit is that the money you would put down can be kept in an interest bearing account (savings, money market, mutual funds, etc) earning you more money instead of just going to BMW. If you have to put a large downpayment on the car then you probably shouldn't lease the car.

-Matt
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      09-19-2007, 01:34 PM   #18
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Quote:
Originally Posted by Lips View Post
If you check BMW's website they offer the 335i coupe for $520 a month plus tax with total out of pocket of $3,000. Not to bad a deal. I'm hoping the 135 will be in the mid to low 400's once it's all said and done.

Lips
I think that number is optimistic. As I said in another thread, I would expect the MF to be worse for the 135i and I cant imagine the residuals for a first year model will be favorable.

Quote:
Originally Posted by M00C0W25
The real benefit is that the money you would put down can be kept in an interest bearing account (savings, money market, mutual funds, etc) earning you more money instead of just going to BMW. If you have to put a large downpayment on the car then you probably shouldn't lease the car.
I'll agree with this for the most part. The fascination people have with monthly payments is a large reason for spending more than is necessary.
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      09-19-2007, 01:51 PM   #19
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Originally Posted by MPower View Post
I'll agree with this for the most part. The fascination people have with monthly payments is a large reason for spending more than is necessary.
Exactly, people put huge amounts of money down on a vehicle and/or take extended financing terms (72 months+) to get a lower monthly payment. I am not saying this is the worst thing in the world, but if you need to do this to afford a "premium" car (i.e. BMW over the Hyundai); you probably cannot really afford it.

Also, they don't realize the time-value of money impact of keeping their down payment invested as long as the interest rate is greater than that of the loan. This especially applies to those who pay in full for a vehicle (I have done this and I won't ever do it again). It really comes down to the discipline of the buyer; if they are going to just spend the money anyway then it is best to reduce the loan amount.
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      10-14-2007, 12:20 PM   #20
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You don't ALWAYS save money by putting nothing down.
A lease on a 335i Coupe selling at 46000 (+tax and tags) will be 850 a month, with .002 money factor, 36 months, 15,000 miles, and no money down.

Total, you'll be paying 30,600, assuming BMW's current residual of 24,009 on that car. (Ouch, 52%)

Put down 15,000, and you're looking at 372.46 a month, resulting in 28,392 total out of pocket, including the down payment.

This, of course, doesn't factor in interest on that 15,000. You'd have to make $736 on the 15,000 a year to make it up. This comes out to roughly 4.9%, which should be more than doable in a 3 year CD.

Point is, until you factor in earned interest on the down payment, putting more down actually CAN save you money.
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      10-15-2007, 04:33 AM   #21
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Quote:
Originally Posted by E82TT6 View Post
You don't ALWAYS save money by putting nothing down.
A lease on a 335i Coupe selling at 46000 (+tax and tags) will be 850 a month, with .002 money factor, 36 months, 15,000 miles, and no money down.

Total, you'll be paying 30,600, assuming BMW's current residual of 24,009 on that car. (Ouch, 52%)

Put down 15,000, and you're looking at 372.46 a month, resulting in 28,392 total out of pocket, including the down payment.

This, of course, doesn't factor in interest on that 15,000. You'd have to make $736 on the 15,000 a year to make it up. This comes out to roughly 4.9%, which should be more than doable in a 3 year CD.

Point is, until you factor in earned interest on the down payment, putting more down actually CAN save you money.
it all depends. The whole leasing game has many "players" aka variables. It might vary from month to month, based on current MF or residual values, so it's really hard to predict.
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      10-15-2007, 08:33 AM   #22
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Quote:
Originally Posted by M00C0W25 View Post
This is my first post on this forum and I just want to take the opportunity to say Hi. Like many of you I have been checking in multiple times a day and cannot wait for this spring! I am looking forward to being an active member of this forum.

Without getting into a debate on whether or not leasing is a good idea, based on the current MSRP speculation ($33K-$37K) what do you all think the estimated lease prices will be ($0 down) for US delivery versus European Delivery?

Thanks,
Matt

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