BMW Lease Rates???

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Bryan330i

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I was just looking at BMW’s lease rates. WOW, these sure have shot way up. [ohcrap] I wonder what is up with this. [???1] I got mine in July, and it is a 2003, near the end of the model year. I could not get a 2004 now within $100.00 per month of mine. This is strange. The only thing I can think is there must be a prediction of increased market availability so they are concerned about keeping the residual value up. Very strange I think. I mean Ford went through this for the F-150 a while back because of a predicted influx of market availability, but BMW?
 
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paddyLV

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lease rates...

You're right, Bryan

This will be the first time I've leased and it's not going to be cheap...

BMW FS had a great Special Lease Program a few months ago. I thought then I might

fit nicely into a 5 Series.

But I've decided to treat myself to a new ZHP. [thumb]

I've done this 'overseas' stuff for approx. six years now, two years here on Johnston

and four years on Kwajalein Atoll, in the Republic of the Marshall Islands.

It's time to pull the plug & head home. [clap]

Vegas, baby... [cheers]
 
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Bryan330i

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When I was looking you could get the ci for well under $600 with 2500.00. I guess they could just run some real good rates every now and again.

Paddy, when I got mine the 530 was about $40.00 more than what the 330 is now. Forget the 530 now....way too much I think. I could almost get a whole other car for the difference. [:D] Perhaps an M Roadster if I look hard enough.
 
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PuShAkOv

PuShAkOv

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I will never lease cause you loose the whole "this is my car" feeling. Leasing makes you feel like you want to have a nice car but cannot afford to buy one so you "rent" it for a while just to give it back and be left with nothing. Its like borrowing a car from a friends x 3 years. My $.02 [rolleyes]
 
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Bryan330i

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Okay, this is very strange. I just looked up the residual for the 2004 530i and it is showing 22-25K on 3 years!!! This is less than mine was on a 330i. No wonder the lease payments are so high now.

I think I may have some good buyout negotiating power.

Hey, BMW FS, I’ll give you 20k! [fake]
 
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Bryan330i

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Guessgirl96 said:
I will never lease cause you loose the whole "this is my car" feeling. Leasing makes you feel like you want to have a nice car but cannot afford to buy one so you "rent" it for a while just to give it back and be left with nothing. My $.02 [rolleyes]
Click to expand...
You have nothing when you buy! Chances are the value is dropping more than your payments and the bank is owed more that you have in value (true for most financing purchases). You can actually have less assets. Because you lease does not mean you cant buy, and I bet I can shave off at least 2-3K minimum off my buyout at the end, this after paying a minimal interest rate. [wave]
 
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paddyLV

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Leasing...

The only reason I'm leasing is so I don't have to put an enormous $$$ down

and still get the car I want, the ZHP, with under a $560 a month p'ment...

And I will never have that 'renting' feeling because I will purchase the ZHP

at lease end and therefore [not] be held by the 12k a year limited milage.
 
MyHarley

MyHarley

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some of us lease because we get to write off the payment on taxes......if purchased, this would not be an option........some of us lease because we change cars every few years.....meaning we can afford "cars."
 
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Bryan330i

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MyHarley said:
some of us lease because we get to write off the payment on taxes......if purchased, this would not be an option........some of us lease because we change cars every few years.....meaning we can afford "cars."
Click to expand...
Good point about the taxes. I have always leased myself, 2-3 years max. And just think if you decided for some reason to keep yours, you are now in the game for a second purchase deal with the lessor. [thumb] And I can’t imagine not being able to get at least 3,000 off buyout, I bet they would give the dealer more than that so they would be happy to do it.

So I see it as a win all the way around. New car more often or possibly a cheaper purchase.
 
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