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      11-23-2012, 03:59 PM   #1
sleepyhead888
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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!
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      11-23-2012, 04:04 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, 04:11 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, 04:16 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, 05:01 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, 08:01 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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      11-24-2012, 08:14 AM   #7
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If you can get tax benefits from leasing alls good, some misinterpret leasing benefits from buying it on a loan.
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      11-24-2012, 08:41 AM   #8
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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!!
Yea thatsbwhat I was planning on doing. Thanks for the heads up.
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      11-24-2012, 08:43 AM   #9
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Originally Posted by J1n View Post
If you can get tax benefits from leasing alls good, some misinterpret leasing benefits from buying it on a loan.
How do I know if im getting tax benefits? Am I suppose to ask the dealership that or they will let me know about it?
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      11-24-2012, 09:12 AM   #10
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Quote:
Originally Posted by fshubert View Post
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!!
^^^ Yes negotiate the final price of the the car and know exactly what the residual value will be when you turn it in so that you don't owe. Leasing has become so common place , they almost make too easy for you.But I have an Aunt that got hit with a $2000+ payment(not a BMW..a Honda Pilot) on turn in because they said the residual value was less then anticipated.(the car was in perfect shape. There is NO way she would have paid that if I was there. It was a line o crap to get some $)Just know exactly what the residual value will be and make sure there is no stupid "turn in " fee. Other than knowing the mileage you'll need per year , its pretty straight forward and as said above try to go through BMW financial. But remember everything is negotiable , even your months of ownership and mileage . Dealerships used too play fast and loose with leases, but the laws have changed in the buyers favor.Everything is pretty straight forward. WHen you negotiate,, I believe ever $1000 off the car equals about $15 less per month on your payment.If you give specs on exactly what you're looking at ,I'm sure a lot of the guys on here could let you know exactly the range you want to be in. I don't personally lease my own cars . But I do lease negotiations for my parents and my Aunt ,but the aren't BMW's.They're those lowly Caddy's & Merc's.Fro shame .lol .In the end the lease part is all the same.Good luck.
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      11-24-2012, 09:45 AM   #11
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Yea thatsbwhat I was planning on doing. Thanks for the heads up.
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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      11-25-2012, 12:57 AM   #12
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Originally Posted by sleepyhead888 View Post
How do I know if im getting tax benefits? Am I suppose to ask the dealership that or they will let me know about it?
For example you will need to work out total amount payable over the lease term vs how much you'd pay over a normal loan.

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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      11-25-2012, 06:22 AM   #13
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Ask for under invoice and then the rest. Get straight to the point lol
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      11-26-2012, 03:34 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, 05:56 PM   #15
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Originally Posted by J1n View Post
For example you will need to work out total amount payable over the lease term vs how much you'd pay over a normal loan.

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..
This helps alot. Thank you.
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