Leasing assistance

[Orient blue]

Can someone decode these numbers for me? I can't tel if these numbers make for a good deal or not.

[trev230]

That is a terrible lease deal but you have a starting point now lol. Oh where do we start lol.

-Price is too high. Focus on chewing this down as much as possible. Be patient because every little bit off the price helps huge in a lease payment.
-They have you putting $4,667.46 down upfront. I wouldn't do that if I were you.
-Did they provide you the money factor rate they are using to calculate the payment?

Get them down in price and then show us the sheet again and obtain the money factor so we can help you beat them up some more.

[Orient blue]

Thanks for the response. Emailed the dealer and her reply was that they give numbers without running credit apps so the number they used for money factor was .00192. She then said I may qualify for a better rate after the credit app is run. So if I were financing this would be 4.6% interest?

[CaboM4]

This is one of the worst deals i have ever seen ... you're selling price should be around 10% off, especially if this is on the lot, as opposed to being ordered

Based on the Residual of 65% (per calculation in your photo) I would assume this is for a 10k lease? even so, seems the residual is running quite artificially high ... this is a good thing.

now, as said above ... get them to drop their pants to atleast 8% minimum off of MSRP, don't fall for bullshit dealer fees, and do not pay a padded money factor or padded bank acq fee and you should be good

[CaboM4]

Also, forget Herb Chambers ... they don't deal .... go see Tony @ BMW of West Springfield Mass ... he will take care of you ... bought my 2011 F10 from me at a profit to me 6 months before lease end ... no car purchased at the time

BTW ... car has been on the lot for over 3 months


BMW of West Springfield actually has the exact same car you are looking at on their lot, has been there for 4 months

http://www.bmwwestspringfield.net/ne...b3102a2bc4.htm

[Orient blue]

Originally Posted by CaboM4

Also, forget Herb Chambers ... they don't deal .... go see Tony @ BMW of West Springfield Mass ... he will take care of you ... bought my 2011 F10 from me at a profit to me 6 months before lease end ... no car purchased at the time

BTW ... car has been on the lot for over 3 months


BMW of West Springfield actually has the exact same car you are looking at on their lot, has been there for 4 months

http://www.bmwwestspringfield.net/ne...b3102a2bc4.htm

Thanks for the info I really appreciate it. I knew the discount off of msrp was shit, haven't even made a counter yet. I will check out West Springfield, but man that's a hike from me lol!

[botis1028]

No MSDs have hurt a little bit, but not a ton.

I agree that you shouldn't put any money down on a lease, but to each their own, I understand people that have a defined budget for their car payments each month.

My F85 was 118k MSRP and my monthly with OH and County tax is just under $1,450.

[WCH]

Really bad numbers. I'm in MA and am about $300 less per month and had no downpayment from HC.

[Orient blue]

Originally Posted by WCH

Really bad numbers. I'm in MA and am about $300 less per month and had no downpayment from HC.

Ya these numbers are horrible! This was the result of just one phone call to the dealer..no negotiations. I will counter today. Where did you purchase from?

[WCH]

Originally Posted by Orient blue

Ya these numbers are horrible! This was the result of just one phone call to the dealer..no negotiations. I will counter today. Where did you purchase from?

Originally Posted by Orient blue

Ya these numbers are horrible! This was the result of just one phone call to the dealer..no negotiations. I will counter today. Where did you purchase from?

Check your PM

[aas5]

Suggest that at a minimum you speak with one or two leasing companies to get a better sense of the market. BMW leases are worse than they were a year ago with no MSDs, less residual support and fewer incentives but it feels that you should do much better. My car's sale price was $105K compared to $117K MSRP. Also give David BMW in CA a call and get your car delivered to PC.

[Orient blue]

Well got the discount up to 8% off of msrp..hopefully picking up tomorrow!

[trev230]

Originally Posted by Orient blue

Well got the discount up to 8% off of msrp..hopefully picking up tomorrow!

Wait a minute we aren't done with this yet. Show us the residential, etc.. so we can help beat them up some more

[S EyeLand]

Originally Posted by midnightjack

I totally agree with you, that lease deal doesn't seem too great. The price is high, so definitely try negotiating it down as much as possible. Patience pays off!

The OP died a few decades ago of old age.

[jab23]

Originally Posted by S EyeLand

The OP died a few decades ago of old age.

You don't know that. He may still be negotiating the deal. Car will be 8 years old by the time the 3 year lease matures.

[HarperMiller]

I know this is an old thread, but I'm new here and wanted to chime in. Decoding lease numbers can be tricky, but I'll try my best to help you out. Could you provide more details on the numbers you're looking at? It's hard to say if it's a good deal without more information. By the way, if you need any advice on mortgages, I know a great Mortgage Broker in Bradford who might be able to assist you. Anyway, let us know how's it going, such a long time has passed.