2012 328I Lease ...What can be done better?

Greeting community members!

I am new here and I want to get some advice from the PROs

Attached is my Lease deal.. Is there anything that can be done better?

Thanks in advanced

Originally Posted by Logic

Greeting community members!

I am new here and I want to get some advice from the PROs

Attached is my Lease deal.. Is there anything that can be done better?

Thanks in advanced

Looks pretty good, pretty confusing sheet. How did you get a money factor of .00115? I thought the numbers were .00145

Apparently the money factor for 2012 model (.00115) was better than (.00145 for the 2013 model) according to my local dealer

I should also add that I was given a $1000 incentive for being a recent college graduate and I was going with 2K down. Is this a good idea ..and / or should I negotiate the selling price down some more and just finance the thing?

Last question:

What is the average depreciation of a 328i for every year. from my calculation (based on a 2012 model)

Year 1: Depreciates $7742
Year 2: Depreciates $4376
Year 3: Depreciates $3850

What is the sweet spot if I were to purchase a CPO? I want my monthly payments to not exceed $530/month.
I know BMW is offering 0.9% financing for 2009 models and 2010 5 series and a local bank is giving me 2.79% financing

Suggestions?

Originally Posted by Logic

Apparently the money factor for 2012 model was better than .00145 for the 2013 model according to my local dealer

huh? is this a 2012 or 2012 you are getting?

i still see the money factor as being .00145, so your lucky if they are doing .00115

Its a 2012 I'm getting. Its better then the current rate for a 2013.. I guess I got lucky ..

Originally Posted by Logic

Its a 2012 I'm getting. Its better then the current rate for a 2013.. I guess I got lucky ..

oh. i didnt know you were getting a 2012, it said 2013 on your title. if its a 2012 then you should be trying to get more money off the car.

Thanks mate ! sorry about the mix up

Originally Posted by Logic

Is there anything that can be done better?

Get a 335

Haha find me a good deal and I might make the jump ... im actually looking at the audi A4 ... its my first car and my first job.. Ill have time to work my way up into an ultimate driving machine one day

Originally Posted by Logic

Haha find me a good deal and I might make the jump ... im actually looking at the audi A4 ... its my first car and my first job.. Ill have time to work my way up into an ultimate driving machine one day

a4 is going to cost more per month than the 328

I'd try to drive it off without cap reduction, see of they can keep your payment below $530 including tax, basically $530 drive off, $530 a month.

Originally Posted by dtc100

I'd try to drive it off without cap reduction, see of they can keep your payment below $530 including tax, basically $530 drive off, $530 a month.

its going to be more than 530 drive off, but yea, no cap reduction.

$600 doc fee looks like boosit.

Originally Posted by pony_trekker

$600 doc fee looks like boosit.

I would definitely ask them to explain/itemize those $600. I wouldn't pay more than $50 for pure admin fees. You need to know what they are including there.
To me dealers often use this as a black box to get some profits. If they can explain it to your satisfaction then go ahead, if not make sure you also negotiate that.
Otherwise the numbers look good. Some more discounts for a 2012 would be better.

Thanks everyone for your feedback! Greatly appreciated

Originally Posted by Logic

Thanks everyone for your feedback! Greatly appreciated

Lets us know what comes out of your negotiations!

Definitely shop around. I am looking for a 2012 328 sportline.

Dealer # 1 quoted me $498 on a 36 month lease, $2,200 TOTAL down (includes all drive away fees and first pmt) for one with premium pkg, heated seats, and sport paddle shifter.

I really want xenons, so I checked into Dealer # 2. Told them about #1's offer, but I wanted xenons. Dealer #2 (who swore they could do better) quoted me $495 pmt on a 36 month lease, $2,200 TOTAL down (includes all drive away fees and first pmt) for one with premium pkg, heated seats, & xenons. I had mentioned I may want the tech pkg too. Dealer #2 said he had another one just like it except it also has the tech. pkg and quoted $537 pmt on it.

So right there, for $3 less I could get the same car with the xenons I wanted.