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      03-09-2013, 11:21 PM   #1
jshin130
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Is this a good lease offer for '13 BMW 328i m sport?

I'm currently trying to get out of my 2010 Audi a4 black premium plus car and get into a '13 BMW 328i m sport.

A dealer in PA is telling me that I have $24k left to pay on my Audi.
So the deal that he has for me is $2500 down and $783/month.
36 month lease with 15,000 miles per year.

I think it's high because of my trade in and pay off amount on it.

But what do you guys think?
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      03-09-2013, 11:39 PM   #2
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Quote:
Originally Posted by jshin130 View Post
I'm currently trying to get out of my 2010 Audi a4 black premium plus car and get into a '13 BMW 328i m sport.

A dealer in PA is telling me that I have $24k left to pay on my Audi.
So the deal that he has for me is $2500 down and $783/month.
36 month lease with 15,000 miles per year.

I think it's high because of my trade in and pay off amount on it.

But what do you guys think?
Something is definately off. I suggest you check with whoever you leasaed your Audi with to get actual payoff amount. Then post what dealer is offering as trade-in and sales price of new car with lease terms (miles, months, etc.). There's plenty of people here that will help figure out if you are getting the shaft, but we need the complete picture.
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      03-10-2013, 12:20 AM   #3
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This is way too high.
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      03-10-2013, 03:07 AM   #4
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Originally Posted by kobechrome View Post
This is way too high.
Yep, way too high. Let's say you are upside down on your audi by 2k or so, with current rates and rebates on a decently equipped '13 328i m sport your payments should still be more like $575-6OO/month.
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      03-10-2013, 07:49 AM   #5
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Originally Posted by MadZarBMR View Post
Something is definately off. I suggest you check with whoever you leasaed your Audi with to get actual payoff amount. Then post what dealer is offering as trade-in and sales price of new car with lease terms (miles, months, etc.). There's plenty of people here that will help figure out if you are getting the shaft, but we need the complete picture.
Actual pay of is $24,500 for my Audi.
The previous owner was in 2 accidents with my audi
It has 53,000 miles on it and BMW is offering $17,000 for it since the poor car fax.

Sale price of the 2013 328i m sport is $44,500 before tags and tax.
Lease terms is 36 months for 15,000miles per year
And again they're asking for $2300 down and can get me a monthly payment of $783.

They said they can do $750 for 12,000/month.


Went to 2 BMW dealers and both seem to be high payments and said its because of how much I have left to pay off my Audi.
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      03-10-2013, 08:04 AM   #6
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So it's like leasing a 52000 car (not exactly but close enough). If you apply BMW latest residual and MF, your payment is still high (I am assuming taxes are included). I think you are not getting any discount on the BMW. If they will waive the down payment, then it seems more reasonable but still not great.
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      03-10-2013, 08:24 AM   #7
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Let me get this straight, your audi is worth 17k and you have 24.5k left to pay. So by trading in, you are actually raising the price tag by 7.5k? Just curious, how did you get into the situation where your car is worth 7k less than your obligation?
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      03-10-2013, 08:25 AM   #8
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Another example of how dealers make a profit. Customer pays off Audi lease leasing a an M-Sport for 36 months. Dealer buys the Audi, sells it for a profit, then requests the customer to pay additional $2500.00 down to lease a new Bimmer. Wow what a deal, a double dip profit.

My advice, stop drinking the Kool-Aid and keep the Audi.

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      03-10-2013, 05:04 PM   #9
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Quote:
Originally Posted by jshin130 View Post
Actual pay of is $24,500 for my Audi.
The previous owner was in 2 accidents with my audi
It has 53,000 miles on it and BMW is offering $17,000 for it since the poor car fax.

Sale price of the 2013 328i m sport is $44,500 before tags and tax.
Lease terms is 36 months for 15,000miles per year
And again they're asking for $2300 down and can get me a monthly payment of $783.

They said they can do $750 for 12,000/month.


Went to 2 BMW dealers and both seem to be high payments and said its because of how much I have left to pay off my Audi.
OK - based on this info, the numbers look reasonable. This assumes you have negotiated all that you can in discounts are not paying MSRP. By my calculations you have them about $2500 below MSRP. Is that about right? If not, let us know what the MSRP is with all options.

On your trade, not having a clean title is definitely hurting you. Have you shopped around to see what independent shops might offer you? One thing I would suggest is that you try and sell the Audi on your own rather than getting yourself upside down again on a new car.
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