2011 335d Lease or Finance

Rambler · 11-14-2010, 09:04 PM

Hello, I just signed for a new 2011 335d; Alpine White; Premium, Sport, and Cold-weather packages and; Nav. MSRP = $53,725.

However, since the car has to be trucked in from another dealer, I haven’t yet finalized on whether to finance or lease the car (I have until the car arrives, which could be a week or two). I was prepared to finance but would love to hear some thoughts about the lease options I was provided. I generally prefer to finance but I am not completely averse to leasing if the beating is to a minimum!

Here are the key lease details:
3-year lease; 10,000 miles per year
$45,214 – Adjusted cap cost after credits and negotiation on MSRP
$578 – Monthly payment before sales taxes
$613 – Monthly payment including sales taxes
$1,700 – Equity of trade-in rolled into lease
$1414 – Amount due at signing which includes 1st month payment, registration, and other fees
$30,086 – Lease-end Residual Value

If I finance, I will likely go with my own finance company b/c the rate is 3.49% on any term up to 84 months. In doing this, I will lose the $1500 holiday credit since that is only available if BMW financing is used. BMW’s rate is about 5.6% up to 60 months. So with my lower rate, I still do better, even without the $1500 credit.

If I went out 84 months, my monthly payment would be about $630 per month, assuming similar factors as with the lease. I would not pay the minimum every month but might go that route in order to keep the payments lower for those just in case months. But I would try to pay about $800-$1,000 per month. If necessary, I can put more money down towards the finance, I just don’t want to do that with the lease.

I only drive about 10,000 miles per year and historically have gotten a new car every 3-4 years. While these 2 factors alone might make me sound like a perfect lease candidate, with the diesel, I am open to the idea of keeping the car for many years/miles.

Any feedback would be extremely appreciated. If I left anything out, please let me know.

Thanks

Rambler

Rambler · 11-15-2010, 11:57 PM

As a follow-up to my OP, the sale is pending my being ok with the mileage on the car. Since it was coming from another dealer, my dealer didn't know the exact mileage. I found out today that the car has 71 miles on it. I was discouraged by this and tried to get them to move a little more on the price but they won't. What do you think, should I walk? I know it's not a lot of miles but they are critical break-in miles and there is no way of knowing how those miles were driven. It seems to be only 1 of 2 335d's in the northeast area with Sports, Premium, and Cold-weather packages. This one is AW with Nav. The other one available is Jet Black without Nav. They are looking into the mileage of the black one but I was pretty set on getting the AW... although I love the black too, just not easy to maintain. Both have beige dakota leather.

328itouring · 11-19-2010, 12:46 AM

It's not a good month to lease BMW. The residual is now 56% for 3 year/10000 miles, which is 3% lower than last month. Do you know what money factor they are giving you? You might be able to have it lower. Have them break down fees they are charging. Don't just look at the monthly payment.

Ty Vil · 11-19-2010, 04:49 PM

Quote:

Originally Posted by 328itouring

It's not a good month to lease BMW. The residual is now 56% for 3 year/10000 miles, which is 3% lower than last month. Do you know what money factor they are giving you? You might be able to have it lower. Have them break down fees they are charging. Don't just look at the monthly payment.

There is now a holiday credit to offset some of the lower residual.

Lease the car - you're a perfect candidate for it.

71 miles - who cares.

amdmaxx · 11-20-2010, 07:42 AM

I think 335d has $1500 holiday credit + $3500 Eco credit + $900 off your taxes and .9% apr for 2 or 3 years..
Basically $5900 off and .9 for 3 years if you are looking to purchase..

Rambler · 11-20-2010, 03:00 PM

The lease offer takes into consideration the $5k worth of credits, plus another $3,500 or so off MSRP... net $45.2k sale price. The money factor is .0021, so about 5.04% which is not great but could be worse. I think as far as leases go, this is not bad at at. Also, I'll be getting a brand new car off the boat now since it turns out the car w/ 71 miles on it had some damage. There's currently one on the way with the same color and options that is being intercepted by my dealer.

328itouring · 11-22-2010, 01:44 AM

Rambler · 11-22-2010, 05:33 PM

Quote:

Originally Posted by 328itouring

Hi 328itouring, are these factors from BMW? If yes, I will definitely bring these to the table. They are much lower than what I am being quoted.

Thanks!

328itouring · 11-23-2010, 02:43 AM

www.ridewithg.com
I've been following this site and it's been very accurate. I was quoted a little high by my dealer. As soon as I mentioned what I heard the current MF was, they were able to immediately lowered it, not matching but very close. Although rates may vary from state to state, I would definitely mention it to your dealer. Good luck.

11-14-2010, 09:04 PM	#1
Rambler Lieutenant 210 Rep 568 Posts Drives: 996 Turbo; G80 M3; FJ80 LC Join Date: Apr 2009 Location: central Connecticut iTrader: (0)	2011 335d Lease or Finance Hello, I just signed for a new 2011 335d; Alpine White; Premium, Sport, and Cold-weather packages and; Nav. MSRP = $53,725. However, since the car has to be trucked in from another dealer, I haven’t yet finalized on whether to finance or lease the car (I have until the car arrives, which could be a week or two). I was prepared to finance but would love to hear some thoughts about the lease options I was provided. I generally prefer to finance but I am not completely averse to leasing if the beating is to a minimum! Here are the key lease details: 3-year lease; 10,000 miles per year $45,214 – Adjusted cap cost after credits and negotiation on MSRP $578 – Monthly payment before sales taxes $613 – Monthly payment including sales taxes $1,700 – Equity of trade-in rolled into lease $1414 – Amount due at signing which includes 1st month payment, registration, and other fees $30,086 – Lease-end Residual Value If I finance, I will likely go with my own finance company b/c the rate is 3.49% on any term up to 84 months. In doing this, I will lose the $1500 holiday credit since that is only available if BMW financing is used. BMW’s rate is about 5.6% up to 60 months. So with my lower rate, I still do better, even without the $1500 credit. If I went out 84 months, my monthly payment would be about $630 per month, assuming similar factors as with the lease. I would not pay the minimum every month but might go that route in order to keep the payments lower for those just in case months. But I would try to pay about $800-$1,000 per month. If necessary, I can put more money down towards the finance, I just don’t want to do that with the lease. I only drive about 10,000 miles per year and historically have gotten a new car every 3-4 years. While these 2 factors alone might make me sound like a perfect lease candidate, with the diesel, I am open to the idea of keeping the car for many years/miles. Any feedback would be extremely appreciated. If I left anything out, please let me know. Thanks Rambler
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11-15-2010, 11:57 PM	#2
Rambler Lieutenant 210 Rep 568 Posts Drives: 996 Turbo; G80 M3; FJ80 LC Join Date: Apr 2009 Location: central Connecticut iTrader: (0)	As a follow-up to my OP, the sale is pending my being ok with the mileage on the car. Since it was coming from another dealer, my dealer didn't know the exact mileage. I found out today that the car has 71 miles on it. I was discouraged by this and tried to get them to move a little more on the price but they won't. What do you think, should I walk? I know it's not a lot of miles but they are critical break-in miles and there is no way of knowing how those miles were driven. It seems to be only 1 of 2 335d's in the northeast area with Sports, Premium, and Cold-weather packages. This one is AW with Nav. The other one available is Jet Black without Nav. They are looking into the mileage of the black one but I was pretty set on getting the AW... although I love the black too, just not easy to maintain. Both have beige dakota leather.
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11-19-2010, 12:46 AM	#3
328itouring Member 7 Rep 101 Posts Drives: E91 Join Date: Nov 2009 Location: CA iTrader: (3)	It's not a good month to lease BMW. The residual is now 56% for 3 year/10000 miles, which is 3% lower than last month. Do you know what money factor they are giving you? You might be able to have it lower. Have them break down fees they are charging. Don't just look at the monthly payment.
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11-20-2010, 07:42 AM	#5
amdmaxx My gift Registry: M2 122 Rep 1,432 Posts Drives: Future Mowner of Monster Join Date: Nov 2005 Location: USA iTrader: (0)	I think 335d has $1500 holiday credit + $3500 Eco credit + $900 off your taxes and .9% apr for 2 or 3 years.. Basically $5900 off and .9 for 3 years if you are looking to purchase..
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11-20-2010, 03:00 PM	#6
Rambler Lieutenant 210 Rep 568 Posts Drives: 996 Turbo; G80 M3; FJ80 LC Join Date: Apr 2009 Location: central Connecticut iTrader: (0)	The lease offer takes into consideration the $5k worth of credits, plus another $3,500 or so off MSRP... net $45.2k sale price. The money factor is .0021, so about 5.04% which is not great but could be worse. I think as far as leases go, this is not bad at at. Also, I'll be getting a brand new car off the boat now since it turns out the car w/ 71 miles on it had some damage. There's currently one on the way with the same color and options that is being intercepted by my dealer.
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11-22-2010, 01:44 AM	#7
328itouring Member 7 Rep 101 Posts Drives: E91 Join Date: Nov 2009 Location: CA iTrader: (3)	2011 BMW 335d Diesel Sedan ~ October 2010 24-month \| 15k miles \| residual 62% \| .00175 base money factor 36-month \| 15k miles \| residual 56% \| .00175 base money factor 48-month \| 15k miles \| residual 45% \| .00230 base money factor 60-month \| 15k miles \| residual 37% \| .00230 base money factor 2011 BMW 335d Diesel Sedan ~ November 2010 24-month \| 15k miles \| residual 61% \| .00170 base money factor 36-month \| 15k miles \| residual 53% \| .00170 base money factor 48-month \| 15k miles \| residual 44% \| .00230 base money factor 60-month \| 15k miles \| residual 35% \| .00230 base money factor Try lower your money factor if you could.
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11-23-2010, 02:43 AM	#9
328itouring Member 7 Rep 101 Posts Drives: E91 Join Date: Nov 2009 Location: CA iTrader: (3)	www.ridewithg.com I've been following this site and it's been very accurate. I was quoted a little high by my dealer. As soon as I mentioned what I heard the current MF was, they were able to immediately lowered it, not matching but very close. Although rates may vary from state to state, I would definitely mention it to your dealer. Good luck.
	Appreciate 0 Quote