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-   -   First time lease - need advice (http://www.bimmerfest.com/forums/showthread.php?t=660376)

anilkumarkar 11-25-2012 11:19 PM

First time lease - need advice
 
Hi,
I am in IL. Got a lease quote from dealer:
2013 328i xDrive - No additional package - Moonroof and heated front seats
Jet Black
Basic car MSRP - 40,945 (chekced in BMW internet pricing and this is correct)
Holiday discount - 1,000
-------------------------
Lease price - USD 39,945
Down payment - USD 3000
Lease term - 36 months
Miles/year - 10,000
Res value - 56%
Monthly Lease amount - USD 507

The dealer did not give any other price or fees to be paid. Is this a good deal?

thanks,
Anil Kar

shicobico 11-26-2012 04:26 AM

Quote:

Originally Posted by anilkumarkar (Post 7214322)
Hi,
I am in IL. Got a lease quote from dealer:
2013 328i xDrive - No additional package - Moonroof and heated front seats
Jet Black
Basic car MSRP - 40,945 (chekced in BMW internet pricing and this is correct)
Holiday discount - 1,000
-------------------------
Lease price - USD 39,945
Down payment - USD 3000
Lease term - 36 months
Miles/year - 10,000
Res value - 56%
Monthly Lease amount - USD 507

The dealer did not give any other price or fees to be paid. Is this a good deal?

thanks,
Anil Kar


No, no, no, NO! Please don't accept this offer. You can do much better. I would suggest you contact a few more dealers by e-mail/phone, and see what they can do.


What you quoted here is much too high for a base 328i with $3000 down. You're basically paying "sticker" price for this car, and then some more. You should be able to get that same payment, with zero down.


Hopefully some of the experts will chime in here, and give you a few more pointers.

Vector Pilot 11-26-2012 05:45 AM

This has to be a joke.
Insist on the lease deal for a 328xi posted on BMW's web site, if dealer refuses to accept it, move on.
Consider contacting dealers in the Chicago suburbs and see what they have to offer.

berkeley223 11-28-2012 01:35 PM

terrible deal. you are paying sticker price. I just got a lease deal on a 328i MSRP of 42,195.00 for essentially invoice price of 39,000, then all of the incentives (holiday cash, usaa, loyalty, and test drive app, totaling $3025) subtracted from that number. You can do much better than what they offered. Start with invoice price, then let them reduce that with the incentives. Then calculate the lease price.

Also, do you know about the bmw app deal? Download app on your iphone and schedule a test drive thru it, you get to deduct $300 from your first lease payment

anilkumarkar 11-28-2012 03:14 PM

Thanks for the reply. Are you calculating the lease based on $39000-$3025=$36,000(approx). How much is your monthly lease amount? also, did you pay any one time fee e.g. Documentation, Tax etc at the time of delivery?

Arciga18 11-28-2012 05:05 PM

it sound like bloomington bmw. i asked about the modern line with xenons and the best they would do is $1600 over invoice. terrible deal.

berkeley223 11-28-2012 08:49 PM

Quote:

Originally Posted by anilkumarkar (Post 7219698)
Thanks for the reply. Are you calculating the lease based on $39000-$3025=$36,000(approx). How much is your monthly lease amount? also, did you pay any one time fee e.g. Documentation, Tax etc at the time of delivery?

yes 39k - the incentives and down payment is the number the lease is calculated from. I put 2k down as well. my monthly payments are just under $380 for a 39month/10k lease. I live in DC which adds 10% use tax every month to the payment, so in other states the number would be less than $380. I did not pay anything for taxes or tags at inception (the DC 10% monthly tax is essentially the tax). inception I am paying just the 2k down payment and first months payment. Good deal I think


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