lease rates for 4.8i with msrp of $76,870 ?

[avo8686]

Hi guys and gals; I've been thinking about doing a lease of 36 months with 15k a year with 5k down. I wanted to know how are the current rates? Well my local dealer won't give me a good deal. Please let me know how much are you guys paying for yours



Thank you in advance

[E61Silver]

I am not in the market right now, but this link might help
http://forums.mbworld.org/forums/sho...d.php?t=180956

[Arkay]

Actually check out this link:

http://forums.roadfly.com/forums/fin...8778350-1.html


It's the captive rates for January but it's a good point of reference.

My dealer quoted .00270 money factor and residual of 60% for 12,000 miles on year on the car we ordered two days ago - exactly per Tarry's numbers found on the above link.

As we don't take delivery of our car until April, BMW will give us the lower money factor (assuming they don't play around with the residual) if the BMW FS lease program improves by then - which is possible given the recent 125 basis point dip in the Fed Fund Rate.

Hope this helps.

[5Xwen]

Originally Posted by avo8686

Hi guys and gals; I've been thinking about doing a lease of 36 months with 15k a year with 5k down. I wanted to know how are the current rates? Well my local dealer won't give me a good deal. Please let me know how much are you guys paying for yours

Thank you in advance

Help me understand why anyone would want to put down $5K on a lease? The only reason I can think of is that people like the psychological feel of something like a $599 or $699 monthly lease rate.

Leave the $5K in the bank and let it collect a bit of interest in your checking account. If your lease rate goes up $138 month who cares? ($5000/36 = $138.89) Money is money.

I just saw an interestng ad in today's auto section for a Range Rover Sport. $599/month! Great deal - right? Read the fine print: 15% of $58,500 MSRP down, only 10,500 miles per year, 30 month term, and a zillion extra fees. That psychological 15% equates to $8,775/30 = $292.50 more per month.

Please explain the logic of putting the $5K down?

[swesson]

Originally Posted by 5Xwen

Help me understand why anyone would want to put down $5K on a lease? The only reason I can think of is that people like the psychological feel of something like a $599 or $699 monthly lease rate.

Leave the $5K in the bank and let it collect a bit of interest in your checking account. If your lease rate goes up $138 month who cares? ($5000/36 = $138.89) Money is money.

I just saw an interestng ad in today's auto section for a Range Rover Sport. $599/month! Great deal - right? Read the fine print: 15% of $58,500 MSRP down, only 10,500 miles per year, 30 month term, and a zillion extra fees. That psychological 15% equates to $8,775/30 = $292.50 more per month.

Please explain the logic of putting the $5K down?

Pay cash and trade every 3-4 years or pay for what you use and no cap reduction on a lease.

[canamx5]

I agree with the posts above, 5K down is just wrong. Here's a link to some good lease info from members of this forum.

http://www.xoutpost.com/lounge/31227-...g-leasing.html

[buschy]

Originally Posted by 5Xwen

Help me understand why anyone would want to put down $5K on a lease? The only reason I can think of is that people like the psychological feel of something like a $599 or $699 monthly lease rate.

Leave the $5K in the bank and let it collect a bit of interest in your checking account. If your lease rate goes up $138 month who cares? ($5000/36 = $138.89) Money is money.

I just saw an interestng ad in today's auto section for a Range Rover Sport. $599/month! Great deal - right? Read the fine print: 15% of $58,500 MSRP down, only 10,500 miles per year, 30 month term, and a zillion extra fees. That psychological 15% equates to $8,775/30 = $292.50 more per month.

Please explain the logic of putting the $5K down?

5k down on that car is not goign to be 6-7 hundred a month.

but yea no money down on a lease, unless.... you cant really afford the car and you plan to buy it after the lease, and jsut did the lease...so you could afford it...

[JM71]

Use part of the 5k for multiple security deposits. You have to do the math, but the first one or two extra security deposits will bring a fairly high return. On my wife's 335i, I put down one extra security deposit and the effective interest rate over the lease on that money was near 20%. The second deposit would have only earned an effective 4%, so I decided to put it to better use. Just ask you sales guy how much the money factor drops for each security deposit.