Lease question... Is this a good deal?

[GUINNESS]

And with leases, can you be specific and order what you want, or do you have to take what's on a lot???

$469*/month for 36 months Please note that this offer does not reflect your configuration.
Contact a Dealer about this offer
Contact a Dealer about your configuration

Vehicle Registered outside N.Y.
• $469 First months payment
• $2,500 Down payment
• $500 Security Deposit
• $3,469 Cash due at signing





*Lease financing available on 2008 BMW 335i Sedan vehicles, only at participating BMW centers on leases assigned to BMW Financial Services NA, LLC/Financial Services Vehicle Trust through April 30, 2008. Monthly lease payments of $469.00 for 36 months based on MSRP of $40,950.00 (total lease payments including acquisition fee is $16,884.00). Excludes tax, title, license, and registration fees. Lease financing subject to credit approval. Dealer contribution may affect terms. Lessee must cover insurance and all items not covered under the BMW Maintenance Program. At lease end, lessee will be liable for disposition fee ($350.00), any excess wear and use as set forth in the lease agreement and excess mileage charges of $.20 per mile for miles driven in excess of 10,000 miles per year. Purchase option at lease end for $26,208.00 excludes taxes. Lessee acquires no ownership interest unless purchase option is exercised. See participating BMW centers for details and vehicle availability. For more information call 1-800-334-4BMW. Special lease rates and pricing may not be reflected throughout www.bmwusa.com. All figures presented are estimates only. Actual selling price may vary. Please see your BMW center for details. *Ultimate Service covers all factory recommended maintenance on all MY 2006 vehicles and newer vehicles, as determined by the Service Level Indicator, for 4 years or 50,000 miles, whichever comes first. Exclusions from coverage: gasoline, gasoline additives, windshield washer additives, tires, wheels, wheel alignment, tire balancing and rotation. All work must be performed by an authorized BMW center. See the Service and Warranty information booklet for more details and specific terms, conditions and limitations. ©2008 BMW of North America, LLC. The BMW name, model names and logo are registered trademarks.

[Thunder22]

need the money factor to be able to tell.
but at quick glance, no, it sucks. NEVER EVER put money down on a lease. Take that $2500 and divide it by the $469 and you're basically making about 5payments up front! that's a horrible deal.

and no, you don't have to take a car off the lot, i always order cars that I lease.

[E61Silver]

Nothing special, what makes a good lease is low capital cost, low money factor, high residual

This link might help:

ttp://www.leasecompare.com/auto_leasing_forum/viewtopic.php?f=18&t=2993

[E61Silver]

[B-Line]

Agreed with above statements.
Lease price is based on 3 factors:

1) Negotiated sale price of vehicle
2) Money Factor (which is just another name for interest rate.) To understand what the money factor is, multiply the number by 2400 and that is the interest rate. (Ex. Money Factor of .00238 x 2400 equals 5.712 interst rate.)
3) The residual. The less the car is worth at the end of the lease, the more it costs you in lease payments. So you want a car with a high residual. A high residual is usually anything over 60% for 3 years. Anything below that is borderline or very bad.

And I also very much agree with Gresch. You never want to buy down your lease payments. Ask for MINIMUM DRIVE OFF. Which means, you pay your first months lease fee, your tax for that month, the title fee, registration fee, lease acquisition fee, etc. It is usually an amount that equals a little more than 2x the monthly payment. For example, a $500 monthly payment car should have about a $1000-$1200 minimum drive off.

Even if you trade a car in. Get cash for the car, don't use it to buy down the lease payments.

Also, check with lease compare as stated and find out the prices BMW Financial Services charges on the money factor, lease. Don't let the finance managers tell you. Do your own research. Finance managers are not there to help you. They are there to sell you a product for which they are earning HEFTY fee's. They are buying rates from banks and selling them to you at a much higher rate that they then split with the dealership.

If they don't overcharge you for the loan, they don't make any money. So go directly to the bank or lending institutions for a lease. Finance managers are scum and they don't tell you that they are not working for you and padding your loan with points.

b