[NSA335i]

Hey guys. I'm new to the forum and in the process of getting a 2009 e90 335i. i was hoping to get some advice on the deal that i am currently looking at with park ave.

Car details
Alpine white w/ black leather
navi
auto
paddle shifters
ipod adpt
heated seats
Premimum package
sport package

15,000mi/yr 36 months for 580/month after taxes
lease based on $46,215 for the car.

[3three5]

Well it seems that you're getting the car at under invoice, based on the list of options you have. So that's good!
As far as the lease payment, it's hard to tell whether you're getting a good deal. As far as monthly payment, it would seem that you've got yourself a good deal. But you'd have to look at the residual % as well as the base money factor to truely tell how good a deal you're getting.


What kind of incentives did you get from the dealer?

[Schmed]

You must be putting money down, though, right? Like $3500 or more if my numbers are right. Or maybe you have a trade in?

If not, that's a fantastic deal - like not really possible...

[NSA335i]

The residual value % what should I be looking for - 56% rite? And the base money factor will be based on my interest rate - correct?

As far as down payment - they want me to put down $2k but I pushing for $0 down. They have to get back to me because I am NOT putting any money down.

thanks for the help guys. this is my first lease so i'm still a bit lost with the residual % and money factor. I will let you know what I get. I would really appreciate feedback. Thanks!!!

[Schmed]

The money factor should be 0.00225 for an '09 335i sedan. It is up to YOU to decide to put money down or not - its no big deal for them either - the shouldn't care one way or another. Most people would recommend NOT putting money down (cap reduction).

56% is the stated residual by BMW financial services, so that's correct.

That quote seems very low based on what you've stated.

[3three5]

Schmed is right. Once you're approved for a lease, you will pay the depreciation of the car over the term of the lease. The dealer (or BMWFS) won't care what percentage of that is down payment and what percentage is taken care of in monthly payments.
So at current lease rates and at the current residual % for 335's (56%), you're paying $22.5K (based on your purchase price) This doesn't include the base money factor (interest) or sales tax in your area. How and when you pay that 22K is up to you. Equally over the 36 months, or with a large chunk up front and smaller monthly chunks.

To get a deal of $0 down and $580 a month, the purchase price would have to be significantly lower than $46K.

The car I just ordered was $49.4K and my zero down scenario came out to about $800/month. Figure that the monthly payment will go down about $50 for every $1500 reduction in purchase price.

P.S. My math can be very suspect

Good luck and I hope you're able to workout the kind of deal you're looking for!

Keep us posted.

[Angry3]

Good advice here, there are profit points in lease deals that you have to be careful of and negotiate:

1. Money factor markup
2. Acquisition fee markup
3. Car selling price
4. Bogus fees and add-ons tacked on at delivery

You have to negotiate a lease as a package. An below invoice deal may not be that great if you're paying max MF markup, $200 acq. fee markup, and $500-$1000 worth of dealer-added fees.

To start, you need the actual MF and fees used in the payment calculation. The dealer won't offer that info up, you need to ask for it. If they won't, walk. Also use a lease calculator to make sure the numbers match up.

Good luck.

[kgb1637]

Thats a great deal....especially if you're putting nothing down on that lease.

[NSA335i]

thanks guys. I really appreciate the help. I will use this information.