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Lease Arrangements
I just leased a 2006 330i with Sport/Performance/Cold Weather Package and Nav. I planned on putting $2500 down with a negotiated price of $45000 + a rear spoiler thrown in (MSRP 46,365 spoiler). With the first month payment and all the other fees, the total amount I was putting down to drive it away was going to be $41XX.00. However, I went in on a Saturday to do the deal and the dealer had to go through a bank rather than BMW Financial Services. With US Bank doing the lease, I only had to pay $33XX.00!!!! Just thought you guys should know you may be better off not going with leasing through BMW.
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That's interesting. What else changed with the new amount? Did your monthly change or your lease end fees? I guess what I'm wondering is where did the $800 go? Was this a fee charged by BMWFS and not US Bank or did US Bank roll it into the lease payment?
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It was next to impossible to get all the info out of dealer. I knew more about the features of the car than the salesperson did, and this was at a reputable dealer in the area. BMW charges "a fee" to initiate the lease. My lease payment stayed the same. Sticker price was 46,365, negotiated price was 45,000 + rear spoiler thrown in, residual price of ~28,000, 2500 down (3300 due at signing) and monthly payment of $727. I don't think it was a great deal, but the car had everything I wanted on it
| | Reply » Lease Arrangements |
Quote: | It was next to impossible to get all the info out of dealer. I knew more about the features of the car than the salesperson did, and this was at a reputable dealer in the area. BMW charges "a fee" to initiate the lease. My lease payment stayed the same. Sticker price was 46,365, negotiated price was 45,000 + rear spoiler thrown in, residual price of ~28,000, 2500 down (3300 due at signing) and monthly payment of $727. I don't think it was a great deal, but the car had everything I wanted on it | I downloaded a Lease calculator from the Aska Dealer Forum a little while ago - I've attached it here.
I plugged in your numbers and I got
3164 due at signing
664 per month
.00299 MF - current BMWFS rate
60% residual
ANy comments on the accuracy of those numbers from the calculator would be appreciated.
Damn - can't upload it - dunno why. Anyone find it - I can't locate it - sorry
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Lease Arrangements