2010 328Xi Lease deal GTA

teamadobo · 12-02-2009, 08:11 PM

I am trying to get a lease on a 2010 328 Xi with NAV, Premium package and Sport package

39 month lease 3.9%
24k/year
0 down

$4350 due on signing
$720/month.

Good? Bad? can be better?

SteveMD · 12-02-2009, 08:57 PM

Quote:

Originally Posted by teamadobo

I am trying to get a lease on a 2010 328 Xi with NAV, Premium package and Sport package

39 month lease 3.9%
24k/year
0 down

$4350 due on signing
$720/month.

Good? Bad? can be better?

Sounds really bad but you don't gove enough info to calculate.

Need MSRP, negotiated price, MF, residual. What's in the $4350? Taxes? Fees?

If you don't know, you're getting a bad deal. Learn how to lease and learn how to calculate one.

jopa489 · 12-02-2009, 10:19 PM

Agreed with the above, that seems very high. But we do need more information to give any sort of informed opinion.

teamadobo · 12-03-2009, 05:07 AM

Sorry for the incomplete info. Here is what I have. All in CAD $

The 328Xi starts at $44K

$2500 for Premium Package
$2000 for Navigation
$1500 for Sport Package

Thats an even $50K. They are willing to slash 7% off MSRP.

So MSRP is $46,500
Residual Value at end of lease is $26,000

Payable on delivery $4,539.52

Includes:
Freight $800
PDI $1295
Fuel Tax $75
Air Tax $100
Admin $299

13%Tax, first payment, security deposit. I know there is a calculation of MF somewhere but cant find it.

SteveMD · 12-03-2009, 06:35 AM

I have never leased a car in Canada but $1300 PDI???? What is that? Is that the aquisition fee?

teamadobo · 12-03-2009, 07:18 AM

PDI I think is the pre delivery inspection.

Cookiemonster · 12-03-2009, 08:32 AM

In us dollars 46,500CD would be 44,500usd and 720cd would be 689usd. 24,000 kilometers a year is roughly 15,000 miles.

So i am not loving your deal at all

Cookiemonster · 12-03-2009, 08:52 AM

I would think that a price of $550cd(13% tax included) a month for the terms and price you got would be a decent deal. Thats for the sedan. The coupe has a much higher rate. Mayabe $625cd(with 13% tax) for the coupe.

teamadobo · 12-03-2009, 12:12 PM

Quote:

Originally Posted by Cookiemonster

I would think that a price of $550cd(13% tax included) a month for the terms and price you got would be a decent deal. Thats for the sedan. The coupe has a much higher rate. Mayabe $625cd(with 13% tax) for the coupe.

$550 cad /month tax in?

Maybe for a base 328Xi. They are giving 7% off MSRP. Where else can be bargained?

Fugly M3 · 12-03-2009, 12:26 PM

make sure that when they say they are willing to take 7% off MSRP they aren't then also basing the residual value on the new price that you have listed also as MSRP. residual values are ALWAYS done off the sticker price of the new car (at least here in the US they are). they may be trying to trick you into the lower price but also reducing the residual by using the same percentage on the lower number. It's best to have the actual residual percentage vs just a dollar number. For example, you have a new price of $46,500, with a residual of $26,000, meaning the residual is 56%. take that same number and multiply by the sticker of 50k- that residual is ~27950. fyi- the current residual on 328xi's here in the US is 59% for sedan and coupes and 55% for wagons on a 36 month, 15k miles a year lease- so the 56% may be about right for that car over 39 months, but it SHOULD be based on MSRP, not the price you pay them.

12-02-2009, 08:11 PM	#1
teamadobo Captain 43 Rep 608 Posts Drives: 328i Xdrive Join Date: Nov 2009 Location: Ontario Canada iTrader: (3)	2010 328Xi Lease deal GTA I am trying to get a lease on a 2010 328 Xi with NAV, Premium package and Sport package 39 month lease 3.9% 24k/year 0 down $4350 due on signing $720/month. Good? Bad? can be better?
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12-02-2009, 10:19 PM	#3
jopa489 Major General 122 Rep 6,594 Posts Drives: Anything with Wheels Join Date: Mar 2009 Location: USA iTrader: (9)	Agreed with the above, that seems very high. But we do need more information to give any sort of informed opinion. __________________ X7 LCI // Incoming C7 ZR1 ZTK // Sebring + TRX // Hydro + Raptor Gen1 Roush // Tuxedo
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12-03-2009, 05:07 AM	#4
teamadobo Captain 43 Rep 608 Posts Drives: 328i Xdrive Join Date: Nov 2009 Location: Ontario Canada iTrader: (3)	Sorry for the incomplete info. Here is what I have. All in CAD $ The 328Xi starts at $44K $2500 for Premium Package $2000 for Navigation $1500 for Sport Package Thats an even $50K. They are willing to slash 7% off MSRP. So MSRP is $46,500 Residual Value at end of lease is $26,000 Payable on delivery $4,539.52 Includes: Freight $800 PDI $1295 Fuel Tax $75 Air Tax $100 Admin $299 13%Tax, first payment, security deposit. I know there is a calculation of MF somewhere but cant find it.
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12-03-2009, 06:35 AM	#5
SteveMD Colonel 196 Rep 2,485 Posts Drives: 2016 F10 535i MSport Join Date: Dec 2005 Location: Raventown! iTrader: (3)	I have never leased a car in Canada but $1300 PDI???? What is that? Is that the aquisition fee? __________________ 2006 E90 330i (retired) 2009 E90 335i (retired) 2012 E70 X5 50i M Sport (retired) 2016 F10 535i M Sport
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12-03-2009, 07:18 AM	#6
teamadobo Captain 43 Rep 608 Posts Drives: 328i Xdrive Join Date: Nov 2009 Location: Ontario Canada iTrader: (3)	PDI I think is the pre delivery inspection.
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12-03-2009, 08:32 AM	#7
Cookiemonster Captain 16 Rep 791 Posts Drives: 2010 335XI e92 Join Date: Apr 2007 Location: Jupiter iTrader: (2)	In us dollars 46,500CD would be 44,500usd and 720cd would be 689usd. 24,000 kilometers a year is roughly 15,000 miles. So i am not loving your deal at all __________________ 2007 335I sedan (retired) 2010 335xi coupe
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12-03-2009, 08:52 AM	#8
Cookiemonster Captain 16 Rep 791 Posts Drives: 2010 335XI e92 Join Date: Apr 2007 Location: Jupiter iTrader: (2)	I would think that a price of $550cd(13% tax included) a month for the terms and price you got would be a decent deal. Thats for the sedan. The coupe has a much higher rate. Mayabe $625cd(with 13% tax) for the coupe. __________________ 2007 335I sedan (retired) 2010 335xi coupe
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12-03-2009, 12:26 PM	#10
Fugly M3 Major General 5103 Rep 5,121 Posts Drives: 2023 M3CX Join Date: May 2006 Location: SoCal iTrader: (5)	make sure that when they say they are willing to take 7% off MSRP they aren't then also basing the residual value on the new price that you have listed also as MSRP. residual values are ALWAYS done off the sticker price of the new car (at least here in the US they are). they may be trying to trick you into the lower price but also reducing the residual by using the same percentage on the lower number. It's best to have the actual residual percentage vs just a dollar number. For example, you have a new price of $46,500, with a residual of $26,000, meaning the residual is 56%. take that same number and multiply by the sticker of 50k- that residual is ~27950. fyi- the current residual on 328xi's here in the US is 59% for sedan and coupes and 55% for wagons on a 36 month, 15k miles a year lease- so the 56% may be about right for that car over 39 months, but it SHOULD be based on MSRP, not the price you pay them.
	Appreciate 0 Quote