Looking to lease 328xi

[xxgppxx]

I was wondering if anyone here can help me.

I am looking to lease a 328xi coupe for at least 15000 miles a year. I am even willing to take a 2007, although it is likely there are none left in New York.

I am unsure about how the pricing works. Basically, I want a black exterior with saddle brown interior, and automatic.

Does anyone know of any good hookups in the new york area? I wanted to put little money down, except possible security deposits, and was hoping to somehow squeeze a deal in the low 400 a month range

[Andrew*Debbie]

Welcome to Bimmerfest.

Read the stickies at the top of this forum. That will get you started.

With the right dealer, pricing is given as invoice + $X + training fee + MACO. X is determined by market demand for the car you are interested in. You also ask for a lease quote that way. BMW FS Base rate + X. Asking for pricing this way makes it easier to shop deals.

There is a bimmerfest sponsor dealer in New Jersey. That's where I'd ask for my first quote request.

There is enough information here to ballpark your lease payments. For an approximate payment, try invoice + $1500 and add .0002 to the MF. Don't forget to include tax...

Andrew

[Andrew*Debbie]

Just for fun, I'll work it for you:

2008 328xi coupe Leather and Steptronic are the only options. non-metalic paint. You will likely have to order the car to get it configured like that.

MSRP: $37,100 + 1450 + 1275 + 775 (dest) = $40,600

Invoice: $34,130 + 1320 + 1210 + 775 + 180 + MACO = $37615 + MACO


MACO varies by region. Here in ATL MACO is 300. For this example, lets call invoice $37,915


New York state has unusual rules for leases. For example I recall reading there is an upper limit on security deposits. This limits the number of multiple security deposits you can place. I'm also not sure how they work the sales tax.


For this example, I'll work payments without sales tax Your actual payments will be higher!

Assume you get base MF + .0002. Paying in one security depost. Paying LAF at drive off. (this is likely not the best option, but it is good enough to get a ball park payment)

Assume dealer is adding $1000 to invoice price


(Cap Cost ***8211; Residual Value) / Term = Depreciation
(Cap Cost + Residual Value) X Money Factor = Interest
Depreciation + Interest = Base Monthly Payment

24 month lease 15,000miles/year. Residual = 68%. Base MF = .00190.

MF = .00190 + .0002 (dealer markup) = .00210

Residual = .68*40,600 = $27,608

Cap Cost = $38,915 (Invoice + 1000)

(38,915 - 27608) / 24 = $471.125
(38,915 + 27608) * .00210 = $139.70

Payment = $610.80 + tax. No matter how good a deal you get, I don't think you can get to $400

(The lease deal on the BMWUSA web has $3,469 cap cash at drive off, fewer miles, and doesn't include tax or other fees)


The sedans currently have a better lease deal. If you are willing to consider a sedan, your payments will be lower. Sedan + ED might do the trick.