[overkill1125]

We know that staying the whole lease term before jumping into a new car is the most logical choice but I just wanted your inputs on my situation.

I'm currently leasing a 2013 328xi Classic edition with lighting and premium package. No down was put and I'm currently paying $595/month to be exact.
My lease is ending in January 2017 and could drive till 80k. Currently at 60k.

Recently went for maintenance and was looking at the 4series. Would love to change for a coupe since I recently also got a 2016 MDX as a family hauler. Just need some convincing to wifey. If not than the Grand coupe would still be nice.

Met an Agent at the dealer that came to see me and got all my info. Got a call today saying that he can easily have my car on lease busters and pretty sure that it will get transferred due to low payments and short duration.

Told me there's a $1500 manufacturers rebate on the grand coupe and a 0.75% rate reduction for existing client but would not give me % over invoice price.

I'm looking at a 2016 428xi grand coupe alpine white with performance package and premium package. I always lease my cars for 48 months at 20k km with 0 down.
I looked at unhaggle pricing to get an idea and is low $700 or even below unrealistic for the car Im looking at?

Is it that much more for the 435xi with just performance 1 package?

My question is do I wait till end of lease before doing anything or is this agent do have a deal for me? Logically waiting would be most beneficial but I also don't want to miss out a deal and also the chance of getting into a new 4series.

What are the monthly price should I be expecting? Unhaggle states I should be paying about 5% over invoice but I think I should ask for better.

Let me know what were your experiences.

Thanks!

[itrocks4u]

You should ask almost at invoice. I might be getting rid of my lease later this year if you're interested. It's 435ix almost fully loaded gran coupe. Will have 3 years remaining this august. $850/month

[jilixg]

I would suggest you wait, and go for 430 or 440 later.

[lens]

Originally Posted by overkill1125

We know that staying the whole lease term before jumping into a new car is the most logical choice but I just wanted your inputs on my situation.

I'm currently leasing a 2013 328xi Classic edition with lighting and premium package. No down was put and I'm currently paying $595/month to be exact.
My lease is ending in January 2017 and could drive till 80k. Currently at 60k.

Recently went for maintenance and was looking at the 4series. Would love to change for a coupe since I recently also got a 2016 MDX as a family hauler. Just need some convincing to wifey. If not than the Grand coupe would still be nice.

Met an Agent at the dealer that came to see me and got all my info. Got a call today saying that he can easily have my car on lease busters and pretty sure that it will get transferred due to low payments and short duration.

Told me there's a $1500 manufacturers rebate on the grand coupe and a 0.75% rate reduction for existing client but would not give me % over invoice price.

I'm looking at a 2016 428xi grand coupe alpine white with performance package and premium package. I always lease my cars for 48 months at 20k km with 0 down.
I looked at unhaggle pricing to get an idea and is low $700 or even below unrealistic for the car Im looking at?

Is it that much more for the 435xi with just performance 1 package?

My question is do I wait till end of lease before doing anything or is this agent do have a deal for me? Logically waiting would be most beneficial but I also don't want to miss out a deal and also the chance of getting into a new 4series.

What are the monthly price should I be expecting? Unhaggle states I should be paying about 5% over invoice but I think I should ask for better.

Let me know what were your experiences.

Thanks!

I would wait till about 3 months before your lease ends. The 328i takes a huge depriciation hit when you hand it back or trade it in. Normally BMW has a early thing where they'll pay your last remaining 3 months if you decide to release another car with them.

Of course, if your dealer can do something that you can hand it back earlier without losing any money, then you should do it, but in your situation, I would wait since you're really close to finishing your lease.

Or if you REALLY want to hand it back that early, you can drive the last remaining 20k as quickly as possible and not worry about paying anything. I remember driving 10,000KM in one month, so if you can manage that, that's another way of finishing the lease early.

[overkill1125]

I'll wait till the 430/440 are out. Then I'm sure the 428/435 will be discounted even more.

[F87_LCI]

Originally Posted by chaungo

Or if you REALLY want to hand it back that early, you can drive the last remaining 20k as quickly as possible and not worry about paying anything. I remember driving 10,000KM in one month, so if you can manage that, that's another way of finishing the lease early.

Huh? Lease term has nothing to do with the amount of KM you drive. The term is the term. 36, 48, 60 months. If you knock out the allowed KM early, you just have to pay for every KM you drive over the allowed limit. You don't get to hand the car back any earlier.

[CHCCubs]

If they can get you out of your lease using lease busters, then I'd say go for it. A dealer once did that for an Acura I had and that car was gone within a week of being put on Leasebusters at no cost to me (the dealer paid the lease transfer fee). My case was similar to yours in that I had just under a year left on that lease.

[steve@codemybimmer]

Getting out of your lease at this time won't be in your favour. I was in your shoes when I had my Pre-LCI with a little under a year on it and the negative equity was something like $9000. The dealer is going to add that amount to your new lease and you'll be paying for that monthly. I was quoted something like $1100 for a 2014 428i xDrive.

I ended up putting it up on Kijiji and transferred the lease to get into the new car since my monthly payments were low. The person who took over the lease paid the transfer free and I got out of it scott free.

[WhiteCollar]

I'm exactly in your situation. Or almost...

My lease on the 328 ends in a few months and the dealership offered me a 428 GC at almost the same monthly payment as my 328, with ALL the options checked. That included the $1500 BMW credit, all months of my remaining lease paid by them and a few other negotiated discounts.

If you can wait to end the lease, then you can negotiate a more thorough discount off MSRP because any remaining payments will drop the 8% mark-up closer to 0%. Also, because you might not be able to get out of the lease before the MY2017 comes out (or not in your favour), getting out when the MY2017 just hit will definitely not be in your favour. You might be looking at 4.9% rates (-0.75% of course) but still very high and with not many dealer incentives. In January however, it's highly likely that you will see better offers. The only reason why I paid that much on my 328 was because I got raped by buying it in August, when the MY2013 just came out.

My 2 cents? Wait until at least June. The maximum discount I've seen on a new vehicle was around $5k (off MSRP), which you would be using to pay for your remaining months on the current lease if you were to get out if it now. That is, if they are willing to offer you that. Which means you will be buying your new car at full MSRP.

[GTA_6speed]

Originally Posted by overkill1125

I know my best option is to wait. As mentioned that once the new 440 comes out, I'm pretty sure that all the 435 will be liquidated or have good incentives.
I would settle for the 428 grand coupe but I really want the m package so will hope that I can get a 435 at a discounted price.

Do you mind me asking what are the lease payments I should expect on a loaded 428xi GC. 48mth with 0 down?
Don't really need a fully loaded 428 as that would cost similar to a lightly optioned 435xi.

All I want is the m performance package 1 and the executive package.
HK sound system would be nice but I'll be forced to choose a package with things that I don't really need.

Am I dreaming in color to expect my lease payments on a 435 to be in the $800?

I think you're looking at $850 - $900/month taxes in, for a low-optioned 435xi coupe. I picked up a demo from Budds, negotiated hard and ended up at $830/month with MP1, Comfort, Executive, etc. Not a lot of low-optioned examples out there, unless you order from the factory

[335BOY]

Originally Posted by LagunaSecaBlue

Huh? Lease term has nothing to do with the amount of KM you drive. The term is the term. 36, 48, 60 months. If you knock out the allowed KM early, you just have to pay for every KM you drive over the allowed limit. You don't get to hand the car back any earlier.

Too funny!!!!

[335BOY]

Originally Posted by overkill1125

We know that staying the whole lease term before jumping into a new car is the most logical choice but I just wanted your inputs on my situation.

I'm currently leasing a 2013 328xi Classic edition with lighting and premium package. No down was put and I'm currently paying $595/month to be exact.
My lease is ending in January 2017 and could drive till 80k. Currently at 60k.

Recently went for maintenance and was looking at the 4series. Would love to change for a coupe since I recently also got a 2016 MDX as a family hauler. Just need some convincing to wifey. If not than the Grand coupe would still be nice.

Met an Agent at the dealer that came to see me and got all my info. Got a call today saying that he can easily have my car on lease busters and pretty sure that it will get transferred due to low payments and short duration.

Told me there's a $1500 manufacturers rebate on the grand coupe and a 0.75% rate reduction for existing client but would not give me % over invoice price.

I'm looking at a 2016 428xi grand coupe alpine white with performance package and premium package. I always lease my cars for 48 months at 20k km with 0 down.
I looked at unhaggle pricing to get an idea and is low $700 or even below unrealistic for the car Im looking at?

Is it that much more for the 435xi with just performance 1 package?

My question is do I wait till end of lease before doing anything or is this agent do have a deal for me? Logically waiting would be most beneficial but I also don't want to miss out a deal and also the chance of getting into a new 4series.

What are the monthly price should I be expecting? Unhaggle states I should be paying about 5% over invoice but I think I should ask for better.

Let me know what were your experiences.

Thanks!

In Oct, Nov and Dec they CHOP prices and interest rates for remaining inventory. If youre leasing I'd wait until then. Difference between 2017 and 2016 will be minor and saving will be large.

[itrocks4u]

Originally Posted by overkill1125

I know my best option is to wait. As mentioned that once the new 440 comes out, I'm pretty sure that all the 435 will be liquidated or have good incentives.
I would settle for the 428 grand coupe but I really want the m package so will hope that I can get a 435 at a discounted price.

Do you mind me asking what are the lease payments I should expect on a loaded 428xi GC. 48mth with 0 down?
Don't really need a fully loaded 428 as that would cost similar to a lightly optioned 435xi.

All I want is the m performance package 1 and the executive package.
HK sound system would be nice but I'll be forced to choose a package with things that I don't really need.

Am I dreaming in color to expect my lease payments on a 435 to be in the $800?

PMd

[WhiteCollar]

Originally Posted by overkill1125

I know my best option is to wait. As mentioned that once the new 440 comes out, I'm pretty sure that all the 435 will be liquidated or have good incentives.
I would settle for the 428 grand coupe but I really want the m package so will hope that I can get a 435 at a discounted price.

Do you mind me asking what are the lease payments I should expect on a loaded 428xi GC. 48mth with 0 down?
Don't really need a fully loaded 428 as that would cost similar to a lightly optioned 435xi.

All I want is the m performance package 1 and the executive package.
HK sound system would be nice but I'll be forced to choose a package with things that I don't really need.

Am I dreaming in color to expect my lease payments on a 435 to be in the $800?

Realistically? You should be able to negotiate in the upper $700s for those options only on a 2016 428 GC. I would pay the fees and PDI and all the other stuff that you cannot control up front to reduce the monthly payment. Of course, this is if you don't factor in the lease payments that they will have to pay to get you in the new car. If you do get out this summer, and they can find a car for you already in Canada, I don't think you can get your payments less than in the low $800s.

[aspiring335]

I wouldn't bother with leasebusters. These days I don't think it offers any advantage over Kijiji and the other free classified sites. Searching for cars on the LB site is terrible since they haven't really updated their site in years, and I think anyone who is seriously looking is also trying Craigslist and Kijiji.

[haskay]

Originally Posted by aspiring335

I wouldn't bother with leasebusters. These days I don't think it offers any advantage over Kijiji and the other free classified sites. Searching for cars on the LB site is terrible since they haven't really updated their site in years, and I think anyone who is seriously looking is also trying Craigslist and Kijiji.

I wouldn't count it out - I am using it right now to secure a short-term lease.

The navigation and filtering options are garbage, but there are some good deals. I once came across a 2014 m-sport with only 12k km going for around $48k after tax and lease payments.

Right now going for a short-term on a 328i sport-line for myself. But I do check kijiji/auto trader regularly.

[335BOY]

Originally Posted by aspiring335

I wouldn't bother with leasebusters. These days I don't think it offers any advantage over Kijiji and the other free classified sites. Searching for cars on the LB site is terrible since they haven't really updated their site in years, and I think anyone who is seriously looking is also trying Craigslist and Kijiji.

If someone takes over your lease you are done. Nothing wrong with leasebusters. Selling your car on Kijjiji etc is much more complicated and you need to pay tax etc.

[aspiring335]

Originally Posted by 335BOY

If someone takes over your lease you are done. Nothing wrong with leasebusters. Selling your car on Kijjiji etc is much more complicated and you need to pay tax etc.

I'm not talking about selling it on kijiji but rather posting it on kijiji as a lease takeover.

[casualDIYer]

I'm in a similar situation where I'm 6 months from lease end but hitting them mileage limit now. Problem is nothing is really attractive. Interest rates on new are okay but pre-owned rates are terrible. I love my RWD 320 but I keep getting the xDrive version pushed at me. I've driven it and it's not the same dynamic and its $2500 overpriced for a feature I don't need. I suppose if it was discounted enough, sure but BMW would go from special to plain in my mind. I'm thinking of sticking it out until Oct, pay excess mileage and either hunt down a RWD 230 or factory order it although the mileage bill would be higher. I imagine a few dealers would stick a RWD car. Or maybe luck into a 2015 pre-owned RWD 328? I wonder what other options I'd have?

[TheBingoBalls]

Originally Posted by chaungo

Or if you REALLY want to hand it back that early, you can drive the last remaining 20k as quickly as possible and not worry about paying anything. I remember driving 10,000KM in one month, so if you can manage that, that's another way of finishing the lease early.

Huh?

[WhiteCollar]

Originally Posted by menncars

I'm in a similar situation where I'm 6 months from lease end but hitting them mileage limit now. Problem is nothing is really attractive. Interest rates on new are okay but pre-owned rates are terrible. I love my RWD 320 but I keep getting the xDrive version pushed at me. I've driven it and it's not the same dynamic and its $2500 overpriced for a feature I don't need. I suppose if it was discounted enough, sure but BMW would go from special to plain in my mind. I'm thinking of sticking it out until Oct, pay excess mileage and either hunt down a RWD 230 or factory order it although the mileage bill would be higher. I imagine a few dealers would stick a RWD car. Or maybe luck into a 2015 pre-owned RWD 328? I wonder what other options I'd have?

I don't know if I agree with your assessment of the xdrive. I think the choice depends on your style, so do you power slide into corners a lot? Do you mostly drive in perfect conditions? Then sure, RWD is the way to go. However, seeing how even the 911 Carrera is offered in AWD, and that xdrive favours the rear wheels, I don't think that an AWD car is worse than RWD.

In any case, have you looked at the 2016 3-i's?? The interest rate would be 1.65 on a lease and I don't think it would go lower than that. As for the pre-owned it's 0.9... how low do you want it to get?

[casualDIYer]

Originally Posted by WhiteCollar

I don't know if I agree with your assessment of the xdrive. I think the choice depends on your style, so do you power slide into corners a lot? Do you mostly drive in perfect conditions? Then sure, RWD is the way to go. However, seeing how even the 911 Carrera is offered in AWD, and that xdrive favours the rear wheels, I don't think that an AWD car is worse than RWD.

In any case, have you looked at the 2016 3-i's?? The interest rate would be 1.65 on a lease and I don't think it would go lower than that. As for the pre-owned it's 0.9... how low do you want it to get?

I'm a previous customer so on incentive events I get 1.11%. As for lower, sure. It can go lower. They bump up the price but it can go lower. Throw 9 security deposits at BMW and the rate is practically 0. Pre-owned for 0.9 is nice but it's only on 2015 cars I believe. For any other year, it's 4.99, which is more along the lines of volume sellers or people with tricky credit.

What there is no debate on is that xDrive is more expensive than RWD for the same model ($2500+ more) and competitors in the Canadian market still offer the same choices to their customers they've been offering since introducing AWD with the exception of Mercedes who dropped RWD C class but have the CLA in it's place. I once talked to a dealer who told me he only sold 15-20 RWD 3 series in a year and made it seem like it was no big deal. I told him "Okay, I'll take 15 cars right now. Oh wait, it's no big deal. Cancel the order." I've never seen a car selling strategy that says "Let's sell less cars." Well, that is until now. I once heard that BMW Canada was dropping RWD 320 and 328s because competitors are doing the same thing, except they aren't doing the same thing.

What I want, in the global market place, is more choice, not less. Americans, Mexicans, Brazilians, Argentinians, etc. can all choose RWD or xDrive 320 and 328s. So why is BMW Canada now deciding that Canadians, who bought 2015 RWD 320 and 328 models, should no longer have the choice?

My take is, BMW Canada hardly cares what people think about RWD, AWD, and FWD cars. The i3 is RWD, the new Active Tourer is FWD, M-class RWD, 2 series RWD/AWD mix, 5 and 7 are AWD. What they do care about is making money. Cut the supply of RWD cars, that drives up the used car price. Force AWD on 320 and 328 models you bump up the price of new cars.

When thought about as a money making strategy, it makes perfect sense.