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  #1  
Old 09-02-2012, 01:41 PM
crimewriterjohn crimewriterjohn is offline
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Location: So Calif
 
Join Date: Oct 2008
Posts: 2
Mein Auto: 2007 335i
Looking at first lease, need help please

Greetings all...first let me apologize for my ignorance here, but I am looking into my first ever lease of a vehicle, so I am a bit overwhelmed. I am in So Cal.

Here are the parameters I need some help with. First, I have already started with a CA when I was in for service on my CPO 2007 335 which has less then 100 miles left on the 100,000 extended warranty and I wanted to see what options I had getting a new 3 series. So I have likely started my check with a mistake after reading lease threads here. They already know the monthly payment I am shooting for.

I am looking at a well-optioned 2012 328 with a total suggested price of $50,295. I have since researched on Edmunds a True Market Value of $45,997 as packaged.
I have some equity in my '07, they are offering about $8,500 since it has a Carfax accident from the owner before me. And the dealership has a $1,000 rebate offered. Residual on the lease worksheet for the 328 is .59 and $29,674.

In the first worksheet for the 36-month lease, they have a 2 in the MF box (I have excellent credit so I assume I have play there). Fees listed are $80 for docs and $396 for license (I assume no play there) and $925 for acquisition. No security deposits are listed. Also, nothing listed in GAP Premium and it sounds like I should get GAP insurance from my research. I have offered some cash down, but it now sounds like I should not do that as it is not refunded if car is totaled, etc. That may better go toward multiple security deposits it seems.

So, after my rambling here, I am hoping for some help in understanding what options I have to play with and suggestions how to go back to the CA and get my best possible deal since I have always purchased and am so new to the lease option.

Thanks in advance for any help those of you smarter than I can provide
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  #2  
Old 09-03-2012, 10:43 PM
Greg@Pacific BMW's Avatar
Greg@Pacific BMW Greg@Pacific BMW is offline
Greg Poland Pacific BMW
Location: Glendale, CA
 
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Mein Auto: 2011 X5 3.5 M sport
Hmm...
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Last edited by Greg@Pacific BMW; 09-03-2012 at 10:44 PM.
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  #3  
Old 09-04-2012, 07:15 AM
miamiboyca's Avatar
miamiboyca miamiboyca is offline
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Location: Dallas, TX
 
Join Date: Jun 2012
Posts: 1,647
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Quote:
Originally Posted by crimewriterjohn View Post

I am looking at a well-optioned 2012 328 with a total suggested price of $50,295. I have since researched on Edmunds a True Market Value of $45,997 as packaged.
I have some equity in my '07, they are offering about $8,500 since it has a Carfax accident from the owner before me. And the dealership has a $1,000 rebate offered. Residual on the lease worksheet for the 328 is .59 and $29,674.

So, after my rambling here, I am hoping for some help in understanding what options I have to play with and suggestions how to go back to the CA and get my best possible deal since I have always purchased and am so new to the lease option.

Thanks in advance for any help those of you smarter than I can provide
In order to help and make it easier ont he eyes and make sure we have all the info, can you list the following:

MSRP
Options
Final Sales Price
Money Factor Quoted (I believe you said 2)
Acq Fee (I believe you said $925)
Positive or Negative Equity of Trade In (Which you are applying as down payment)
Any additional money down
Doc fees, and other any other fees

Final Payment WITHOUT taxes
Tax rate
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