E90Post
 


Coby Wheel
 
BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > Regional Forums > Canada > Advice please on 3 series lease 2010



Reply
 
Thread Tools Search this Thread
      11-15-2009, 07:06 PM   #1
seastar
Registered
1
Rep
2
Posts

Drives: 5 series
Join Date: May 2009
Location: vancouver

iTrader: (0)

Advice please on 3 series lease 2010

Hi,

I was at the Dealer and got some prelim numbers on a lease -

$25 advance disposal fee
300 lease fee
300 documentation fee
100 air tax
Freight, pdi $2,195
battery levy $5

Are any of these items negotiable on making a deal ? or is my best alt to get as much discount on the msrp as possible (what should I be asking for, in terms of a "fair" deal?)

thanks

D.
Appreciate 0
      11-15-2009, 07:20 PM   #2
MMachines
BMW Owner
United_States
46
Rep
532
Posts

Drives: 2008 E92 M3, 2006 4Runner
Join Date: Mar 2009
Location: Oregon

iTrader: (1)

Because it's a lease and you don't really own the car I'd say to not sweat the small stuff and negotiate the down payment and monthly payment. These are the only numbers (assuming you don't buy it out, which is never the cheapest way to buy a car) that matter to you and let them figure out how to arrive at the numbers that you're looking for.
Appreciate 0
      11-15-2009, 08:18 PM   #3
veightkiller
Brigadier General
veightkiller's Avatar
Canada
64
Rep
4,149
Posts

Drives: e90 335i
Join Date: Dec 2007
Location: Vancouver,B.C

iTrader: (3)

Quote:
Originally Posted by MovinUp View Post
Because it's a lease and you don't really own the car I'd say to not sweat the small stuff and negotiate the down payment and monthly payment. These are the only numbers (assuming you don't buy it out, which is never the cheapest way to buy a car) that matter to you and let them figure out how to arrive at the numbers that you're looking for.
when i leased me car i negotiate on the monthly payments. i just told them that i got this amount to put down and i want this monthly payment. im pretty sure they will work that out for you.
Appreciate 0
      11-15-2009, 09:35 PM   #4
aspiring335
Lieutenant Colonel
aspiring335's Avatar
Canada
99
Rep
1,614
Posts

Drives: 2019 G05 40i
Join Date: May 2006
Location: Toronto, Canada

iTrader: (0)

Garage List
2006 330i  [0.00]
You may be able to get them to eliminate or reduce the "lease fee" and "documentation fee", but the others are definitely non-negotiable. This whole thing of dealers charging fees for documentation / admin is just total bs. Their job is to sell and finance cars. What other business charges a fee on top of the price of its products for selling its core product!?!
__________________
2019 G05 40i (premium excellence, m-sport, 2VR), Tesla Model S 100D, Nissan Leaf SL
Volvo XC90 T8, Subaru Outback, E84 X1 28i, E91 328i xdrive, 6MT, VW Touareg TDI, E90 330i, E46 325iT, MINI Cooper S (all retired)
Appreciate 0
      11-15-2009, 09:54 PM   #5
relinquish
N/A
14
Rep
81
Posts

Drives: N/A
Join Date: Jun 2009
Location: Toronto

iTrader: (0)

I think the monthly payments are all you should be worried about, and is the only thing you can cut. You can easily cut MSRP by talking off your add ons/packages (if any).

1. Bringing a quote in from another dealer will help, a lower one of course.
2. Dealing directly with the business manager
3. Check out the low km lease options-it ups your residual and your monthly payments go down. I think you can go as low as 10k/yr, but don't hold me accountable, as it might be 16k. But even from 24 to 20 makes a diff. BMW lowered lease end residuals since the 06, 07 batch so monthly is bound to be higher than before.
Appreciate 0
      11-16-2009, 09:12 AM   #6
BimmerDom
Second Lieutenant
BimmerDom's Avatar
Canada
37
Rep
275
Posts

Drives: 2018 X3 xDrive 30i
Join Date: Sep 2009
Location: Ottawa, Ontario

iTrader: (1)

Garage List
Quote:
Originally Posted by relinquish View Post
BMW lowered lease end residuals since the 06, 07 batch so monthly is bound to be higher than before.
Lease interest rates are also lower, thus net payments should be the same
__________________

New Rides: BMW X3 30i & Telsa Model 3 PLR RWD
Sold:2016 BMW 340i xDrive
2008 BMW 335i Sport/Premium 6MT/JB3
Appreciate 0
      11-16-2009, 09:18 AM   #7
aspiring335
Lieutenant Colonel
aspiring335's Avatar
Canada
99
Rep
1,614
Posts

Drives: 2019 G05 40i
Join Date: May 2006
Location: Toronto, Canada

iTrader: (0)

Garage List
2006 330i  [0.00]
Quote:
Originally Posted by BimmerDom View Post
Lease interest rates are also lower, thus net payments should be the same
Not at all. There is a huge difference in residuals between now and a couple of years ago. Plus current interest rates on leases for 2010s are 4.9%, which is much higher than many people who leased in 06 - 09.
__________________
2019 G05 40i (premium excellence, m-sport, 2VR), Tesla Model S 100D, Nissan Leaf SL
Volvo XC90 T8, Subaru Outback, E84 X1 28i, E91 328i xdrive, 6MT, VW Touareg TDI, E90 330i, E46 325iT, MINI Cooper S (all retired)
Appreciate 0
      11-16-2009, 10:02 AM   #8
Kelvin_mu
Enlisted Member
Canada
2
Rep
31
Posts

Drives: 2010 328xi coupe
Join Date: Nov 2009
Location: Toronto

iTrader: (0)

As I see it, the documentation and Lease fees is just an additional margin that dealers will make. Equivalent to airport tax/fuel fees for airlines and system access fees for telecoms.
Appreciate 0
      11-16-2009, 10:40 AM   #9
doctor_vino
Captain
Canada
39
Rep
802
Posts

Drives: really slowly
Join Date: May 2009
Location: Toronto, ON

iTrader: (6)

Quote:
Originally Posted by Kelvin_mu View Post
As I see it, the documentation and Lease fees is just an additional margin that dealers will make. Equivalent to airport tax/fuel fees for airlines and system access fees for telecoms.
Quote:
Originally Posted by aspiring335 View Post
You may be able to get them to eliminate or reduce the "lease fee" and "documentation fee", but the others are definitely non-negotiable. This whole thing of dealers charging fees for documentation / admin is just total bs. Their job is to sell and finance cars. What other business charges a fee on top of the price of its products for selling its core product!?!
As far as i remember, the 'documentation' fee was pre-printed right on the contract you sign......so i'm fairly certain that's not negotiable.... but as someone said before........just worry about the bottom line, and let them figure out where and how they can lower the numbers, to meet your offer
Appreciate 0
      11-16-2009, 11:34 AM   #10
benyl
Lieutenant
Canada
6
Rep
408
Posts

Drives: '08 335i, '10 W204 w/m156
Join Date: Nov 2007
Location: Calgary

iTrader: (0)

Quote:
Originally Posted by aspiring335 View Post
Not at all. There is a huge difference in residuals between now and a couple of years ago. Plus current interest rates on leases for 2010s are 4.9%, which is much higher than many people who leased in 06 - 09.
Correct. The residual on my 335 is 61%. Lease rate is 3.4%. I don't think the 2010s even come close to that.
__________________
E92 335iA, AW on BLK, Al trim, Premium, Nav, 6FL, CA, Sport, PDC, Paddles...
W204 C63, OBS on BLK, Carbon Trim, Premium, Performance, Rev Cam, and stock exhaust...
Appreciate 0
      11-16-2009, 11:37 AM   #11
aspiring335
Lieutenant Colonel
aspiring335's Avatar
Canada
99
Rep
1,614
Posts

Drives: 2019 G05 40i
Join Date: May 2006
Location: Toronto, Canada

iTrader: (0)

Garage List
2006 330i  [0.00]
Quote:
Originally Posted by benyl View Post
Correct. The residual on my 335 is 61%. Lease rate is 3.4%. I don't think the 2010s even come close to that.
Yea, the BMW.ca calculator shows residuals between 42 - 47% for 36-months 24k / year. Even if the current lease rates were 0%, your payments would still be much lower than a 2010.
__________________
2019 G05 40i (premium excellence, m-sport, 2VR), Tesla Model S 100D, Nissan Leaf SL
Volvo XC90 T8, Subaru Outback, E84 X1 28i, E91 328i xdrive, 6MT, VW Touareg TDI, E90 330i, E46 325iT, MINI Cooper S (all retired)
Appreciate 0
      12-07-2009, 02:21 AM   #12
sainikudu
Registered
0
Rep
1
Posts

Drives: good car
Join Date: Dec 2009
Location: inida

iTrader: (0)

Hey great post. Thanks very much . The post seems to be very much helpful.


__________________
Interest Rates Calculator
Appreciate 0
      12-07-2009, 06:10 AM   #13
teamadobo
Captain
44
Rep
607
Posts

Drives: 328i Xdrive
Join Date: Nov 2009
Location: Ontario Canada

iTrader: (3)

Quote:
Originally Posted by benyl View Post
Correct. The residual on my 335 is 61%. Lease rate is 3.4%. I don't think the 2010s even come close to that.
2010 lease on 39 months is 3.9%
328Xi 52% residual

To the OP. Dont deal with the monthly payment, bargain on the MSRP. Putting money down on the lease is a waste as you dont get that money back. See if you can put multiple security deposits instead to bring the money factor down. The security deposit goes back to you at lease end.

I got 8% off MSRP is that good?
Appreciate 0
      12-07-2009, 08:21 AM   #14
ians
Major
ians's Avatar
Canada
46
Rep
1,283
Posts

Drives: 08 E92 335i 6MT, 04 TSX 6MT
Join Date: Aug 2007
Location: Toronto

iTrader: (0)

Quote:
Originally Posted by benyl View Post
Correct. The residual on my 335 is 61%. Lease rate is 3.4%. I don't think the 2010s even come close to that.
See, another one that got 61% resisdual! Actually, when I ordered my car, it is 61% but when I took delivery(3mth later), it dropped to 59% but they end up gave me more discount on msrp to even it out in order to get the same monthly payment.
__________________
08 Montego Blue E92 335i 6MT sp Navi with beige interior
aero front, Mtech side, M rear lip spoiler, hid fog, 19" Work Varianza T1S, KW V2, Mtech steering wheel, shift knob, e-brake handle & alumnium pedal
Appreciate 0
      12-07-2009, 09:28 PM   #15
DowntownBMW
Private First Class
DowntownBMW's Avatar
Philippines
4
Rep
159
Posts

Drives: e92 335i
Join Date: Nov 2006
Location: Toronto

iTrader: (0)

any ideas how much the salesperson makes on each sale?
Appreciate 0
      12-07-2009, 10:05 PM   #16
dpwr
Captain
No_Country
40
Rep
852
Posts

Drives: a good one
Join Date: Oct 2008
Location: Toronto

iTrader: (0)

Quote:
Originally Posted by Kelvin_mu View Post
As I see it, the documentation and Lease fees is just an additional margin that dealers will make. Equivalent to airport tax/fuel fees for airlines and system access fees for telecoms.
for sure... when i got my car they only took $75 for admin fee but i read 300 is pretty much standard now
Appreciate 0
      12-09-2009, 04:20 AM   #17
halB
Colonel
halB's Avatar
Canada
55
Rep
2,384
Posts

Drives: W211 E350 4M MkV GTI 987.2 S
Join Date: Jan 2007
Location: Just north of Toronto

iTrader: (0)

Quote:
Originally Posted by teamadobo View Post
To the OP. Dont deal with the monthly payment, bargain on the MSRP.

+1

% off MSRP is the only number that the dealer has any control of. Interest rate and % residual are all set by BMW Canada, and they are effective as of time of delivery. They are not up to the dealer to decide. Doc and admin fees are also negotiable but they are only small one time savings. % off MSRP is the only number you can negotiate that affects monthly payment.
__________________
07 E93 335i - Returned at lease end
09 W211 E350 4Matic Avant Garde - Blk/Blk, AMG pkg w/18". Sport Susp. F1 Asym. Debadged.
09 MkV GTI w/Leather & 18" Huffs. F1 Asym

10 987.2 S w/Leather sport seat, Sport Chrono, 19" Carrera S II wheels
Appreciate 0
Reply

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 09:03 AM.




e90post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST