11-19-2012, 11:23 AM | #1 |
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Lease on an X1
I'm shopping around and interested in the x28i. I am favoring either just adding deep sea blue+cold weather package or ZMP+Le Mans Blue+heated seats). Both of these set ups will likely require having one built in Germany. I spent the afternoon at a dealer yesterday. The only incentive available to me (non-loyalty eligible) is $500 holiday cash. Here are the numbers I received on a 3 year/36k mile lease:
Deep Sea Blue + Cold Weather package: $34,495, 60% residual, 0.00165 money factor (3.96% interest rate) ZMP + Heated seats + Le Mans Blue: $37,295, 60% residual, 0.00165 money factor (3.96% interest rate) Based on my reading online, I think the residual is a hair low and the money factor is high, as is the sticker. I'd appreciate any insight/perspective. Thanks! |
11-20-2012, 12:29 AM | #2 |
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Looks like they are marking up the money factor. Look for a dealer that is not doing this or see if they will come down. I think the base rate is .00125 for November.
As I understand it dealers are not allowed to manipulate the residual, and the residual on the 28i has been lower than the 35i. Try to get invoice +500 or better. Hope this helps. Lee |
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11-20-2012, 06:18 AM | #4 |
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No, that's pretty good. Common wisdom is that a car loses 20% of its value by leaving the dealer, and another 10% in the first six months or five thousand miles. That leaves only 10% more for two and a half years.
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11-20-2012, 10:23 AM | #5 | |
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Quote:
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11-20-2012, 02:13 PM | #6 |
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I have a sDrive28i on order (actually on a shipping vessel as I type this). The tentative deal that I have is...
Mineral grey metallic/coral red M Sport 19" wheels Lighting and premium packages $1K over invoice (approx $39K) Residual is $23,281.65 (57%) MF .00135 3 years/15K miles per year Last edited by Vertigo//SD; 11-20-2012 at 02:23 PM.. |
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11-20-2012, 03:59 PM | #8 |
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11-30-2012, 01:06 PM | #9 |
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Two offers, what do you think?
I think I need to decide today. Here's the scenario.
The car: x28i in Jet Black, nothing added. Dealer #1: two hours from the house, meaning no loaner vehicle when I go to the closer dealer (35 min) for service. with 420 down = 420/mo. including everything but taxes/title/reg is 5.5% off of MSRP. sell price of 30700 + 725 acq fee and 420 down. Dealer #2: 35 min from house with zero down = ~407/mo with at signing fees of $43 more than dealer #2, including everything but taxes/title/reg is 6.5% off of msrp. sell price of 30757.75 + 825 acq fee, and 0 down. I had him take 825 off the sell price to "zero out" the acquisition fee. Is this a no-brainer? Am I missing something? Thanks! |
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12-01-2012, 02:50 PM | #11 |
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For October, residual on 36k miles was 59% with MF .00135 according to ridewithg.com
Seattle BMW and Audi dealers mark up MF by 1% (.000416) which is infuriating. |
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12-02-2012, 12:31 AM | #12 |
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MF was .00125 in November
I believe the MF went to .00125 in November (according to Car_Man in the Edmunds X1 leasing forum). December lease rates should be available soon.
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