01-15-2012, 12:21 PM | #24 | |
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also, you wouldnt know what the mf is for tier 2?
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01-15-2012, 01:07 PM | #26 |
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thanks skooba, too bad you are not local or we could talk business.
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01-17-2012, 11:01 PM | #28 |
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anyone have residuals on other month options 24, 48, 60?
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01-18-2012, 10:45 AM | #30 | |
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42 and 48 are terrible. I guess BMW does a good job moving leased vehicles and wants them back within three years. I cant see any informed buyer going with a 42 or 48 month lease. And you want the car longer then that you might as well buy it. |
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01-18-2012, 11:58 AM | #31 | |
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01-19-2012, 04:04 PM | #32 | |
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That if you're gonna lease, only do it for 12/24 and 36? lol |
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01-27-2012, 10:49 AM | #33 |
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Basic question about leasing. With the quoted numbers above, is a mileage limit implicit in that? Ie. 10k per year? Reason I ask is I'm trying to determine leasing would work for me. I average close to 20k miles per year and typically only keep my cars 30 to 36 months. I was planning on financing but with the savings I heard about with ED leasing it's making me question.
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01-27-2012, 10:57 AM | #34 | |
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20K is alot and you will pay alot more for a lease if you went this route, Id think financing may be more cost effective since the resids will be horrible. However, there is no reason you should not be able to take advantage of the ED pricing for a finance deal, regardless of how you intend to pay, the ED pricing will be more competitive and should be the same regardless of lease vs finance.
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01-27-2012, 06:14 PM | #35 | |
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01-27-2012, 06:29 PM | #36 | |
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Add 2% to residuals for 12K/yr Add 3% to residuals for 10K/yr For higher mileage rates, I thought you had to buy them ($0.15/mi). So, for 60K over 3 years, use the table for residual plus add $2250 cost for 15K miles. |
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01-27-2012, 08:12 PM | #37 |
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Thanks everyone...very helpful!
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01-28-2012, 07:09 AM | #38 | |
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For a 30 month lease, my residual goes from 65 to around 63%. Not that huge of a difference IMHO. Depends on what you are comfortable with. I would rather give up my car after I put 60000 miles in three years, not hold onto it. |
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01-28-2012, 11:31 AM | #39 | |
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The NADA yellow book has a chart for determining value reduction for any vehicle driven over 15,000 miles per year. That penalty is derived by using 30-35 cents per mile in excess of 15k per year. Most manufacture's financial arms that offer leasing (BMW,MB,Volvo,Audi and the domestics) have a penalty of 20 cents per mile in excess of state miles based upon your lease structure whether 10k, 15, or 20k miles allowed per year. As a general rule; most are pretty much the same. so, would you rather pay 20 cents for excess miles at lease end or pay 30-35 excess based up NADA values when you elect to pay cash or finance your vehicle. Monthly payment is important when considering your purchase whether you are leasing or financing (retail), but one needs to take into consideration the over all picture. A closed end lease would protect you in terms of the future value a vehicle in a given specified time. There are too many factors that can determine a vehicle's worth beyond your control. Therefore if you are normally a short term owner of 36-40 months; then leasing is a viable choice. On the other hand; you keep your vehicles for 6 plus years, then stay away from the lease concept. |
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01-28-2012, 04:42 PM | #40 | |
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Taking your example, 36mo @ 65% is less total cost than 30mo @ 62% and you have a car for 6 more months. Using ~48K MSRP with no discounts and base MF (0.00195), monthly payments (excluding taxes are 623 with 36mo and 746 with 30mo. |
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01-29-2012, 01:59 PM | #41 | ||
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I would also be out of maintenance and warranty between 50 and 60 thousand miles with the 36 month lease. |
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