11-23-2012, 02:59 PM | #1 |
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new to the site. need advice on leasing a 328xi
Hey guys. Im new to the site. Im planning on leasing a 2013 328xi and I was just wondering what numbers should I look for and how to negotiate. This is my first time leasing a vehicle on my own. So I just wanted to knoiw how you guys managed to knock off a a few hundred or thousand off the final sale price.
All advices are absoultely welcome. Thanks in advance! |
11-23-2012, 03:04 PM | #2 |
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advice nr1: thank whoever you prey to for the ridiculously cheap prices for:
* the car * the lease * gas kidding aside, can't help you as its totally different here |
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11-23-2012, 03:11 PM | #3 |
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Key to leasing is residual value. You want a high residual as this is what the car is worth when you return it and your lease payments are what you pay for the depreciation of the car over the lease period. You should get a 60-64% residual on a 36-month lease with 15k miles per year. Try to minimize your "cap cost reduction" or cash up front to lower your lease payments. If you pull out of the dealership with the new car and it is totaled, the "gap" insurance (part of every lease) pays whatever your primary insurance doesn't cover for the loss value. But whatever cash you put out is gone forever. Speet spot for BMWFS is 36-months at 12k per year. I've done 36-months at 15k per year for the last 3 cars. Works out nicely. Don't overestimate your annual mileage. If you turn the car back in with 41k miles and your lease was 3 year/45k miles, you're not credited back any money for turning in the car "light" on miles. You would be if you turned it in 10% under but best to figure out how much you drive before you lease. And if you're going over, you can buy mileage during the lease cheaper than if you turn the car in with too much mileage. Good luck! You'll love the car!!
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11-23-2012, 03:16 PM | #4 |
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I just leased 335i M-sport but i think the deals are all pretty much the same. Money factor and cash up front will depend on your credit rating.
Aim for the following: Money factor: Less than 3% equivalent interest rate No security deposit No up front cash (only 1st month's payment and sales tax if applicable) Residual will depend on lease term. (Between 58 and 68%) NEGOTIATE SALE PRICE 1st. Don't forget the various incentives BMW is currently offering. Good luck.
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11-23-2012, 04:01 PM | #5 |
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Thanks guys.Ill definitely keep those in mind. Im going to go to the dealership next week to get some price quotes.
Have any idea what the lowest vredit they will approve. My credit is a little over 650 as far as I know so hopefully im qualified for it. |
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11-24-2012, 07:01 AM | #6 |
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No idea what the credit score requirements are but the better bet may be getting it financed thru BMWFS. They may be more flexible when it comes to financing their own cars. Good luck! You'll love the car!!
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2018 Mustang GT | Royal Crimson | Black Leather | 6-speed | Cold Weather | Premium Pkg | 20" Alloy Wheels | Tuned to 510HP | Less than $45K
Previous loves: 2015 F30 335i / 2013 F30 335i / 2009 E90 335i / 2007 E90 328xi |
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11-24-2012, 07:41 AM | #8 |
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Yea thatsbwhat I was planning on doing. Thanks for the heads up.
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11-24-2012, 07:43 AM | #9 |
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11-24-2012, 08:12 AM | #10 | |
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Quote:
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11-24-2012, 08:45 AM | #11 |
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AFAIK, the only tax benefit is you're paying sales tax on the portion of the car you are leasing. Part of your monthly lease payment includes sales tax on that month's worth of BMW you used. So in the end, you're paying taxes on 36-months of car rather than a $55k car like you would when you buy it.
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2018 Mustang GT | Royal Crimson | Black Leather | 6-speed | Cold Weather | Premium Pkg | 20" Alloy Wheels | Tuned to 510HP | Less than $45K
Previous loves: 2015 F30 335i / 2013 F30 335i / 2009 E90 335i / 2007 E90 328xi |
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11-24-2012, 11:57 PM | #12 | |
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In most cases if you use your vehicle for work purposes you will be able to claim back the amount back on your tax. ( At least in Australia) There area lot of variables here but a brief run down .. http://www.smartmoney.com/calculator...1302833645461/ http://auto.howstuffworks.com/buying...y-or-lease.htm Hope this helps.. |
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11-26-2012, 02:34 PM | #14 |
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I just an email from a dealer ans this are the numbers he gave me. Mo.payment includes sales tax. And these prices arent negotiated. Is this any good?
328xi sport line. Residual value is 29, 067 and MF is .00145 MSRP 48445 Selling Price 46000 Holiday Cash 1000 1500 out of pocket* 39 months* 10k a year 580.62 a month* 12k a year 593.51 a month |
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11-26-2012, 04:56 PM | #15 | |
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