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Old 10-18-2012, 06:40 PM
trulyindian trulyindian is offline
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Location: Seattle
Join Date: Oct 2012
Posts: 15
Mein Auto: BMW 2013 328i
Lease Rate for Progressive Credit

Hey Guys.

I moved to the US sometime back and due to certain issues my credit score dropped (issue was small, but since my history is very short, it affected my score by more than what its worth).

Anyways, BMW FS put me at progressive credit range(I believe that is 601-639 ouch!) and has approved me for a 30 month lease on a new 328i. (30 month as I am a foreign national and my visa expires in 34 months. i think my approval has got to do with my high income).

I wanted to know the right lease rate or money factor for this credit tier. It is important for me to know this so that I can have the right negotiation with the dealer.

The quote I have right now is

2012 328i
MSRP 41 945 (premium, cold, bluetooth with bmw assist). 30 months/ 10k miles a year

7k downpayment (includes 1st month's pay), (385 per month + tax)

I believe this is a lot . Given my credit situation I want to know what's a good deal for me and what should be my number to negotiate.
It will be great if you guys can help me out

Last edited by trulyindian; 10-18-2012 at 07:11 PM.
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Old 10-19-2012, 06:18 AM
miamiboyca's Avatar
miamiboyca miamiboyca is offline
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Location: Dallas, TX
Join Date: Jun 2012
Posts: 2,361
Mein Auto: F80 6MT
Your credit score should affect your money factor/ interest rate. Looks like you are paying sticker? Also, point 7k down on a lease is crazy, better of putting into MSD to lower your interest rate.

2015 M3 - Mineral White, Sonoma, Exec, LED, Adaptive Suspension, HK, 19" Light Alloy, 6MT ED 7/7/15 - Adrian

2013 535i - Space Grey, Biege, M-SPort, Premium, Tech, Cold Weather, Luxury Seating, PDC, 6MT ED-10/11/2012 - PCD - Greg Poland
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Old 10-20-2012, 10:30 PM
Greg@Pacific BMW's Avatar
Greg@Pacific BMW Greg@Pacific BMW is offline
Greg Poland Pacific BMW
Location: Glendale, CA
Join Date: Aug 2010
Posts: 2,778
Mein Auto: 2011 X5 3.5 M sport
If your dealer can pull a higher FIco score they can submit that to BMW and get you a better rate. However I do a lot of foreign national deals most clients have a 600 to 6665 FIco score as they have no credit in the US. The fact that you are approved is a very GOOD THING. Odds are You may not even score on any other credit bureaus ....FYI you can have the lease match the time of your visa so you can do 34 months
Warmest Regards,

Greg Poland-Sales Manager
Pacific BMW A 2015 Center of Excellence
800 South Brand Blvd.
Glendale, CA 91204
818 254 1491
Euro delivery, PC delivery, Out of state-new and used car sales
Hours:T-F 1-8 PM,Sat 1 to 8pm, off Sun and Mon.

Current rides: 2013 X5 msport and 2013 535i
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