We do you think of this lease deal..

j330xi · 04-24-2008, 12:05 PM

335i Cab $59650 =MRSP, $2843=sales Tax, $895 Aqu. Fee.

$1116.09 per month

36 Months

75,000 miles, $.20 miles per mile OVER 75K, $.15 BACK for miles less than 75K BUT over 45K

Total cost (includes disposal fee of $350) is: $42155.33

51% residual of $30850.

bimmerguy2006 · 04-24-2008, 12:17 PM

How much down? To me, that sounds like they are raping you. Im at 750 a month with 1000 out the door - same mileage on a coupe.

j330xi · 04-24-2008, 12:21 PM

Nothing down.. only first payment and THAT is include inthe total.. $42000

AJerman · 04-24-2008, 04:25 PM

75k miles! Wow. Are you sure you're not better off purchasing that? That's an incredibly high monthly payment. You must do a lot of traveling for a work.

J BONE · 04-24-2008, 04:28 PM

Why wouldn't you buy it? Just curious. That is a lot of miles.

MontegoblueE92 · 04-24-2008, 05:38 PM

Quote:

Originally Posted by J BONE

Why wouldn't you buy it? Just curious. That is a lot of miles.

+1

j330xi · 04-24-2008, 05:49 PM

Did a 5 year tax advantage loan.. Numbers worked out strongly for it...

5.75% rate and TAX deductible.

At the end of three years.. 36 months..

Loan Payments: $42199.92 LEASE payment total = $42155.33

51% Residual: $30850
Principal on Loan $26,516.05
Equity in Car: $4334 (given the above Lease assumed residual)
Interest Deducted: $7716.07
38% tax Bracket $2932 saved tax

So, if the 51% residual holds true.. then I have saved $4334 + $2932- $44.59
which is $7551.41...

The car would have to be worth $23298.59 (30850 - 7551.41) at three years, for me to break even. That is 40% of the orginal price..

Plus I get the flexibity of ownership.

Lesson.. Always "run the numbers" and compare..

Sp82 · 04-24-2008, 05:55 PM

thats a RAPE!

kennethpetro · 04-24-2008, 07:12 PM

Quote:

Originally Posted by vikz

thats a RAPE!

I agree STRONGLY. Shit for 1000/month, get a SL550 AMG! LOL

CALIF65GM · 04-24-2008, 11:47 PM

Is this a BMWFS lease or a 3rd party?

I'm not sure where they get the $895 acq fee when the maximum amt with BMWFS is $825 ($200 mark-up).

Also you might want to consider a 2-yr lease. Why would you want to be responsible for maintenance/warranty on a car that you don't own. Based on your numbers, your free warranty/maintenace will be out in 2-yrs.

JayeJaymes · 04-25-2008, 01:19 AM

better off trying to get a lease on an m3...

04-24-2008, 12:05 PM	#1
j330xi Second Lieutenant 68 Rep 265 Posts Drives: 2019 M2 Comp Join Date: May 2006 Location: IL iTrader: (0)	We do you think of this lease deal.. 335i Cab $59650 =MRSP, $2843=sales Tax, $895 Aqu. Fee. $1116.09 per month 36 Months 75,000 miles, $.20 miles per mile OVER 75K, $.15 BACK for miles less than 75K BUT over 45K Total cost (includes disposal fee of $350) is: $42155.33 51% residual of $30850.
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04-24-2008, 12:17 PM	#2
bimmerguy2006 BMW Lover 16 Rep 143 Posts Drives: 2008 335i Coupe Join Date: Nov 2007 Location: Santa Barbara, CA iTrader: (0)	How much down? To me, that sounds like they are raping you. Im at 750 a month with 1000 out the door - same mileage on a coupe.
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04-24-2008, 12:21 PM	#3
j330xi Second Lieutenant 68 Rep 265 Posts Drives: 2019 M2 Comp Join Date: May 2006 Location: IL iTrader: (0)	Nothing down.. only first payment and THAT is include inthe total.. $42000
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04-24-2008, 04:25 PM	#4
AJerman Major 32 Rep 1,381 Posts Drives: '08 335i Join Date: Mar 2008 Location: Wake Forest, NC iTrader: (0)	75k miles! Wow. Are you sure you're not better off purchasing that? That's an incredibly high monthly payment. You must do a lot of traveling for a work. __________________ 2008 BMW 335i: Jet Black, Jade Gray, Gray Poplar, 6MT - Stock... for now.
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04-24-2008, 04:28 PM	#5
J BONE The Boss 110 Rep 4,948 Posts Drives: %E2%80%9816 F15 X6 Join Date: Nov 2007 Location: Illinois iTrader: (12) Garage List 2008 E92 335xi [9.00]	Why wouldn't you buy it? Just curious. That is a lot of miles. __________________ 2016 F16 X6 2015 F15 X5- Retired 2013 F10 535xi- Retired 2011 E92 M3- Retired 2011 E90 335- Retired 2008 E92 335- Retired
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04-24-2008, 05:49 PM	#7
j330xi Second Lieutenant 68 Rep 265 Posts Drives: 2019 M2 Comp Join Date: May 2006 Location: IL iTrader: (0)	I did not LEASE it.. Financed it.. and here's why Did a 5 year tax advantage loan.. Numbers worked out strongly for it... 5.75% rate and TAX deductible. At the end of three years.. 36 months.. Loan Payments: $42199.92 LEASE payment total = $42155.33 51% Residual: $30850 Principal on Loan $26,516.05 Equity in Car: $4334 (given the above Lease assumed residual) Interest Deducted: $7716.07 38% tax Bracket $2932 saved tax So, if the 51% residual holds true.. then I have saved $4334 + $2932- $44.59 which is $7551.41... The car would have to be worth $23298.59 (30850 - 7551.41) at three years, for me to break even. That is 40% of the orginal price.. Plus I get the flexibity of ownership. Lesson.. Always "run the numbers" and compare..
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04-24-2008, 05:55 PM	#8
Sp82 Colonel 171 Rep 2,000 Posts Drives: F15 X5/G30 5er Join Date: Feb 2006 Location: DFW, Tx iTrader: (1)	thats a RAPE!
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04-24-2008, 11:47 PM	#10
CALIF65GM Colonel 101 Rep 2,041 Posts Drives: e93-35 May08 ED Join Date: Jun 2005 Location: SF, CA iTrader: (0) Garage List 06 - Oct. 05 build ... [0.00]	Is this a BMWFS lease or a 3rd party? I'm not sure where they get the $895 acq fee when the maximum amt with BMWFS is $825 ($200 mark-up). Also you might want to consider a 2-yr lease. Why would you want to be responsible for maintenance/warranty on a car that you don't own. Based on your numbers, your free warranty/maintenace will be out in 2-yrs. __________________ 5-2-08 e93-35 ED Montego w/Jade Grey, Step w/Paddles, PP, SP, CA, hot seats and iPod.Awaing re-delivery soon. Debadged 330xi ED 11/14/05 Auto/Mystic Blue/Gray leather with Alum/PP/SP/CA/Fold-down rear seats/Alarm. Sold to Carmax on 6/7/08 with 50,624 miles on clock
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04-25-2008, 01:19 AM	#11
JayeJaymes Alien 52 Rep 1,190 Posts Drives: YMB 2016 M4 Join Date: Jul 2007 Location: AZ iTrader: (8) Garage List 2007 BMW 335i [0.00] 2011 M3 [0.00] 2016 M4 [0.00]	better off trying to get a lease on an m3...
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