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2 YR Lease?
Hi, new member here, nice board I just graduated from college and will finally have some money to get a 3 series  . I have a couple of questions about the e90. 1. Can I do a 2yr lease? or is 3 the minimum for a bmw? After it comes out I will be moving in about 2 years so this is why I ask? 2. How much will the difference between a 3 yr or 2yr lease be? ($100) and my monthly payment? .... $350 - 400 ? 3. Lets say I want to take the car with me, will it be worth it if I want to do the bargain purshace option after the lease term is over? Thank you. | | Reply » 2 YR Lease? |
yes, you can do a 24 month lease. At the time of my lease, 24 mo. had the best rate. Now, I have about 1 year to go and I have decided to purchase the car at the end of the term, or I might just finance it now.
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is the difference in payment between a 2 yr lease and a 3 yr substantial? or is there no difference?
| | Reply » 2 YR Lease? |
Quote: | is the difference in payment between a 2 yr lease and a 3 yr substantial? or is there no difference? | The payment is much higher or everyone would take the 2 year lease to have newer car more often.
| | Reply » 2 YR Lease? |
I am doing a 2-year lease on a E90 325i, and I am doing ED because it is a very good deal. Somehow, in my case, the payments for a 24 month are about $40 less per month than a 36 month lease. I think it is because the 24 month residual on the 325i is so strong (74%).
If you are looking into leasing a BMW, you must look into ED, it might be the best deal you can get on a car, period.
| | Reply » 2 YR Lease? |
undefined Quote: Hi, new member here, nice board
I just graduated from college and will finally have some money to get a 3 series . I have a couple of questions about the e90.
1. Can I do a 2yr lease? or is 3 the minimum for a bmw? After it comes out I will be moving in about 2 years so this is why I ask?
2. How much will the difference between a 3 yr or 2yr lease be? ($100) and my monthly payment? .... $350 - 400 ?
3. Lets say I want to take the car with me, will it be worth it if I want to do the bargain purshace option after the lease term is over?
Thank you. | 1. Yes, you can do 2 years, or 30 months or 3 years or 42 months, etc.
2. Lease rates change every month. If the residual is high (like it is with 325's) and the interest is high (BMW is now around 7 -8%), a shorter lease will be better. If the interest rates go down, a longer lease will get cheaper proportionately.
The difference in payment depends on the interest rate, total price of car, sales tax, and whether you put any $ down. With nothing down, you won't likely be at 350 - 400, but it depends on what options you get and what price the dealer has on the car.
3. It depends on what the blue book value of the car is relative to the residual, and what the interest rate would be on the purchase.
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2 YR Lease?