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Old 06-05-2015, 03:22 PM   #1
E36 Power
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For all the lease guru's



For all the lease guru's out there, I am looking to lease a 2015 328i xdrive. With 2016's coming out shortly, seems to be the time to scoop one up.

Here is what I got for a rough quote from one dealer below. I am totally new to leasing in terms of residual, monthly etc, so if a few could give there input on what I should be shooting for on monthly payments, would be great.

I need roughly 30KM per year as well.



Thanks!!!




-------
Monthly amount tax included, $710.00
39 months
78,000 km
residual (50%, 52%) $24000
Interest 1.4%
Price disclosure @ $46,924
Due on Delivery - $4,900

MODEL

328i xDrive Sedan $46,500.00, No Charge Scheduled Maintenance 4yr/80k $0.00,
Z42 - Sport Line $1,500.00, 2A5 - 18inch Alloy Wheels, A/S RFT Tire $0.00, 4AT -
Diamond Black Trim $0.00, 4DN - Coral Red Trim Highlight $0.00, 668 - Jet Black $0.00,
LCLZ - Black Dakota Leather w/ Exclusive Stitching $0.00, Car Care Pkg. $349.00, All
BMW Incentives Included $0.00, Nitrogen $75.00
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Old 06-05-2015, 04:27 PM   #2
Mystikal
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Seems kinda nuts to spent $32,590 (39 x 710 + 4900) to rent a car for 3 years. Could buy a slightly used one outright and still sell it for around half that after 3 years.

But I'm mystified by leasing in general. I should probably stay out of this thread.
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Old 06-05-2015, 05:43 PM   #3
newbe46
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I have done it once and I probably won't do it again for the reason stated above. For $32K you can probably get a fairly decent used or off lease E90 and even have some spare change for maintenance.

But who can resist the allure of a new car.
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Old 06-05-2015, 06:06 PM   #4
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OP,

I can't comment on the pricing factor; but leasing is a great way to get into a new car with little or no maintenance. And if you are one to switch cars often nothing is beter than a lease. People finance cars all the time and then trade them in the end which is basically a lease when you factor in the payment on the finance is alot higher than that of the lease. If you need anymore assistance let me know. I have been in car sales for the llast 8 years.
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Old 06-05-2015, 06:08 PM   #5
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Quote:
Originally Posted by Mystikal View Post
Seems kinda nuts to spent $32,590 (39 x 710 + 4900) to rent a car for 3 years. Could buy a slightly used one outright and still sell it for around half that after 3 years.

But I'm mystified by leasing in general. I should probably stay out of this thread.
This is true, but then used car rates come into play and the maintenance cost. There are advantages and disadvanatges to every scenario. All really depends on what the buyer is looking for.
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Old 06-05-2015, 06:21 PM   #6
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There is no mystery to leasing. Just calculate it out. The difference between lease and buy is that you intend to pay off the whole amount when buying.

When buying, at some point what you owe will start shrinking and interest will be reduced to nothing. When leasing, you never intend to pay off the whole amount. On the last day of a lease, interest is accrued on the residual amount.

Dealers will have all kinds of different terms, rates and incentives to make it difficult to compare. Just take your time ...and use a calculator!
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Old 06-05-2015, 08:22 PM   #7
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If your thinking of leasing a 3 series the 2016 model will be the LCI update. I personally would wait for it.
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Old 06-05-2015, 08:24 PM   #8
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Leasing makes a lot of sense for businesses looking for ways to reduce tax burden. For personal use, does not pencil out at all.
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Old 06-05-2015, 10:12 PM   #9
E36 Power
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I am able to write the vehicle off as a business expense, keeping in mind.

From what I understand it is CRUCIAL to negotiate the MSRP of the vehicle then decide and tell them youre leasing it, nit listening to "what do you want your monthly to be"\

I will get some numbers in person and run through them on here.

Thanks for the input everyone
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Old 06-10-2015, 09:53 AM   #10
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Quote:
Originally Posted by E36 Power View Post

From what I understand it is CRUCIAL to negotiate the MSRP of the vehicle then decide and tell them youre leasing it, nit listening to "what do you want your monthly to be"\
Bingo. Otherwise the dealer will start adjusting the slider around to accommodate your desired monthly payment.

I lease all my daily drivers but am able to write off the payment.
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Old 06-27-2015, 12:11 PM   #11
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That sounds like a fair price, I was quoted in Montreal for the approximately the same vehicle 700/month and they were willing to pay my last 2 payments of my Audi A45 to switchover to BMW.
I am going to test drive on Monday the 328 and want to also try the 428 Xi.
Used to own a Z3, I loved to drive the car, it always put a smile on my face.
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Old 06-27-2015, 02:37 PM   #12
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they were willing to pay my last 2 payments of my Audi A45 to switchover to BMW.
Be careful with that, they offer it and then tack it onto the price of the car to roll it into the loan. I called them on that, they are sneaky in how they explain it.
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