Is BMW still leasing cars???

luardo · 01-09-2009, 12:14 AM

I could not help but notice that on the bmw web site they currently have no lease offers. They have 2.9% financing on every model but no lease offers. Do anyone know if they got out of the lease market?

Bimmer Nerd · 01-09-2009, 12:26 AM

???????? thats impossible dude. i ll check right now

Bimmer Nerd · 01-09-2009, 12:28 AM

nope, seems to be working fine over here , must be the east coast connection

jk lol yea everything seems fine on the web.

5soko · 01-09-2009, 12:39 AM

It seems cadillac isnt leasing in some parts of the country....

hope bmw doesnt follow.

convinceme · 01-09-2009, 02:23 AM

Quote:

Originally Posted by 5soko335i

It seems cadillac isnt leasing in some parts of the country....

hope bmw doesnt follow.

How dare you be looking at CADILLAC!!!

JK JK...

E90RWC · 01-09-2009, 02:32 AM

Just checked right now...

1/9/09 at 12:32am on the West

http://www.bmwusa.com/Standard/Conte...aseOffers.aspx

No lease offers!!!

All bad!!!

cgc335i · 01-09-2009, 06:44 AM

I just LEASED a 2007 335i through BMW Financial, so YES, BMW is still leasing cars, new and used. Contact a dealer directly to get the real skinny.

-C

SoQuick · 01-09-2009, 07:56 AM

I think they just started giving them away

LI E90 · 01-09-2009, 08:12 AM

Quote:

Originally Posted by cgc335i

I just LEASED a 2007 335i through BMW Financial, so YES, BMW is still leasing cars, new and used. Contact a dealer directly to get the real skinny.

-C

I hope you don't mind me asking a personal question in the open forum, if you want to answer in pvt no worries.

can you tell me what kind of deal you got on leasing a pre-owned?

mmm def · 01-09-2009, 10:15 AM

They are really pushing financing now.

Raja Ventureshield · 01-09-2009, 10:22 AM

My bro got a sweet deal on 08 528i with zero down, even the tax rolled in the lease for less than 530$ a month in Cali. The car is nicely equipped, not loaded but optioned well.

go check out the deals that is out there bro.
good luck.

RJ

noro · 01-09-2009, 10:26 AM

The lease rates are out for Jan, so they are definitely leasing. But the prices have skyrocketed so calling them lease "offers" maybe a bit offensive, so they took it off.

5soko · 01-09-2009, 10:59 AM

Quote:

Originally Posted by convinceme

How dare you be looking at CADILLAC!!!

JK JK...

i bought a escalade for my wife, dont ask me why hahah X5 FTW.

LI E90 · 01-09-2009, 11:05 AM

residuals dropped like a rock in January

e90-4aj · 01-09-2009, 11:24 AM

I just tried it and had no problem

DrGP · 01-09-2009, 11:50 AM

Quote:

Originally Posted by E90RWC

Just checked right now...

1/9/09 at 12:32am on the West

http://www.bmwusa.com/Standard/Conte...aseOffers.aspx

No lease offers!!!

All bad!!!

I saw that the other day and ASSUMED, that they were in the process of recalcualting figures based on last years sales and residuals and current and projected interest rates. I figured that they would be released to the public in short order. Just my $.02

kgb1637 · 01-09-2009, 12:19 PM

I just leased one last friday......I hope theyre still leasing.

freshwhite335 · 01-09-2009, 12:22 PM

Quote:

Originally Posted by 5soko335i

i bought a escalade for my wife, dont ask me why hahah X5 FTW.

wouldnt want to drive one every day but for what it is it does it well. 1/3rd of all luxury SUV's on the road are Escadlades

stickypaws · 01-09-2009, 12:48 PM

"The biggest risk for BMW stems from its successes in recent years. The Munich-based company risked almost everything for its goal of finally overtaking rival Mercedes-Benz. BMW has almost doubled its car sales since 1999, and since 2007 the Bavarian carmaker has been the world's top seller in the premium class.

BMW has achieved this mainly by expanding its model line downward, with the 1 Series and the Mini. This weakened the company's profitability. But BMW has also boosted its sales by offering customers attractive leases and car loans; today this approach is used to sell every second car the company moves off its lots. This has increased risk.

While Daimler has only about €11 billion ($13.8 billion) on its books for leased vehicles, it is almost €20 billion ($25 billion) at BMW. That is BMW's major weakness.

BMW based its leasing calculations on an estimated residual value for the cars when customers return them after three or four years. But this value has little to do with reality these days, because used car prices fall during an economic crisis. Besides, more and more customers who purchased a BMW on credit can no longer afford their car payments. In the first nine months of this year alone, BMW had to establish reserves of more than €1 billion ($1.25 billion) to make up for the difference, and more reserves are likely to follow."

Bama335 · 01-09-2009, 12:48 PM

Looks like they're back up now:

http://www.bmwusa.com/Standard/Conte...aseOffers.aspx

looks like the numbers are higher than the last time I checked, but if they adjusted residuals down and raised the prices, one would expect higher numbers

CalRick · 01-09-2009, 04:16 PM

They're emphasizing purchase financing in preference to leasing these days since they got burned by the freefall in actual vs. contracted residual values. It's something that goes in cycles since all the high end manufacturers would prefer to discount via lease terms rather than advertising $5-10,000 rebates.

01-09-2009, 12:14 AM	#1
luardo New Member 3 Rep 19 Posts Drives: 2008 335i e90 Join Date: Dec 2008 Location: miami iTrader: (0)	Is BMW still leasing cars??? I could not help but notice that on the bmw web site they currently have no lease offers. They have 2.9% financing on every model but no lease offers. Do anyone know if they got out of the lease market?
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01-09-2009, 12:26 AM	#2
Bimmer Nerd Major General 519 Rep 7,789 Posts Drives: 6MT F80 Join Date: Jun 2008 Location: Santa Monica, CA iTrader: (12)	???????? thats impossible dude. i ll check right now
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01-09-2009, 12:28 AM	#3
Bimmer Nerd Major General 519 Rep 7,789 Posts Drives: 6MT F80 Join Date: Jun 2008 Location: Santa Monica, CA iTrader: (12)	nope, seems to be working fine over here , must be the east coast connection jk lol yea everything seems fine on the web.
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01-09-2009, 12:39 AM	#4
5soko Brigadier General 333 Rep 4,632 Posts Drives: M5 Join Date: Aug 2007 Location: Brooklyn, NY iTrader: (4)	It seems cadillac isnt leasing in some parts of the country.... hope bmw doesnt follow.
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01-09-2009, 02:32 AM	#6
E90RWC What you know about the twins? 20 Rep 989 Posts Drives: bmw Join Date: Oct 2005 Location: CA iTrader: (1)	Just checked right now... 1/9/09 at 12:32am on the West http://www.bmwusa.com/Standard/Conte...aseOffers.aspx No lease offers!!! All bad!!!
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01-09-2009, 06:44 AM	#7
cgc335i New Member 5 Rep 15 Posts Drives: '07 E90 (335i) \| Blk on Blk Join Date: Dec 2008 Location: Winston-Salem, NC iTrader: (0)	I just LEASED a 2007 335i through BMW Financial, so YES, BMW is still leasing cars, new and used. Contact a dealer directly to get the real skinny. -C __________________ '07 E90 (335i) \| Jet Black \| Black Leather \| Cold Weather Pkg \| Premium Pkg \| Sport Pkg \| Navi - iDrive *Mods:*: Black Lines \| Formula One Pinnacle Performance (35%) tint \| HID Angel Eyes (still undecided)
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01-09-2009, 07:56 AM	#8
SoQuick Stock 10 Rep 243 Posts Drives: Nothing now Join Date: Nov 2008 Location: Southern NH iTrader: (0) Garage List 2009 135i [0.00] 2001 S8 [0.00]	I think they just started giving them away
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01-09-2009, 10:15 AM	#10
mmm def Colonel 144 Rep 2,610 Posts Drives: 21 330, 19 ND2 RF, 11 RX350 Join Date: Dec 2006 Location: NJ iTrader: (0)	They are really pushing financing now.
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01-09-2009, 10:22 AM	#11
Raja Ventureshield Major General 288 Rep 5,686 Posts Drives: BMW M3 coupe Join Date: May 2007 Location: Northern VA iTrader: (6)	My bro got a sweet deal on 08 528i with zero down, even the tax rolled in the lease for less than 530$ a month in Cali. The car is nicely equipped, not loaded but optioned well. go check out the deals that is out there bro. good luck. RJ
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01-09-2009, 10:26 AM	#12
noro Colonel 90 Rep 2,707 Posts Drives: '91 M3, '04 E46 ZHP, '72 2002 Join Date: Aug 2006 Location: Boston iTrader: (0)	The lease rates are out for Jan, so they are definitely leasing. But the prices have skyrocketed so calling them lease "offers" maybe a bit offensive, so they took it off. __________________ zhpregistry.net - ZHP stats and free classifieds.
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01-09-2009, 11:05 AM	#14
LI E90 Colonel 131 Rep 2,086 Posts Drives: E90 Join Date: Mar 2007 Location: Long Island iTrader: (2)	residuals dropped like a rock in January __________________ 2013 MB C300 4matic 2014 Ford Explorer Ltd 1973 Jeep Commando
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01-09-2009, 11:24 AM	#15
e90-4aj Colonel 279 Rep 2,144 Posts Drives: E46-M3, F80-M3, 970 GTS Join Date: Sep 2007 Location: So-Cal iTrader: (8)	I just tried it and had no problem
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01-09-2009, 12:19 PM	#17
kgb1637 Lieutenant Colonel 21 Rep 1,519 Posts Drives: RS5 Join Date: Sep 2008 Location: Baltimore, MD iTrader: (0)	I just leased one last friday......I hope theyre still leasing. __________________ Retired - '08 E90 335i Sparkling Graphite/Gray Dakota Leather, ZSP, ZCW, ZPP, Navi, ipod, Sat
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01-09-2009, 12:48 PM	#19
stickypaws Dictator 55 Rep 1,811 Posts Drives: people crazy Join Date: Mar 2008 Location: where you want to be iTrader: (0)	"The biggest risk for BMW stems from its successes in recent years. The Munich-based company risked almost everything for its goal of finally overtaking rival Mercedes-Benz. BMW has almost doubled its car sales since 1999, and since 2007 the Bavarian carmaker has been the world's top seller in the premium class. BMW has achieved this mainly by expanding its model line downward, with the 1 Series and the Mini. This weakened the company's profitability. But BMW has also boosted its sales by offering customers attractive leases and car loans; today this approach is used to sell every second car the company moves off its lots. This has increased risk. While Daimler has only about €11 billion ($13.8 billion) on its books for leased vehicles, it is almost €20 billion ($25 billion) at BMW. That is BMW's major weakness. BMW based its leasing calculations on an estimated residual value for the cars when customers return them after three or four years. But this value has little to do with reality these days, because used car prices fall during an economic crisis. Besides, more and more customers who purchased a BMW on credit can no longer afford their car payments. In the first nine months of this year alone, BMW had to establish reserves of more than €1 billion ($1.25 billion) to make up for the difference, and more reserves are likely to follow."
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01-09-2009, 12:48 PM	#20
Bama335 Lieutenant 27 Rep 542 Posts Drives: '13 E82 135is '13 E88 135 Join Date: Mar 2007 Location: Dixie iTrader: (0)	Looks like they're back up now: http://www.bmwusa.com/Standard/Conte...aseOffers.aspx looks like the numbers are higher than the last time I checked, but if they adjusted residuals down and raised the prices, one would expect higher numbers __________________ 2013 E88 135i B39/LWD1 DCT 2013 E82 135is 416/LWNL 6MT
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01-09-2009, 04:16 PM	#21
CalRick Second Lieutenant 13 Rep 282 Posts Drives: '15 M235 & '95 M3 tracktoy ; Join Date: Dec 2007 Location: Los Angeles or Monterey iTrader: (1) Garage List 2016 X3 Xdrive28d [0.00] 2015 BMW M235i [0.00] 1995 BMW M3 [0.00]	They're emphasizing purchase financing in preference to leasing these days since they got burned by the freefall in actual vs. contracted residual values. It's something that goes in cycles since all the high end manufacturers would prefer to discount via lease terms rather than advertising $5-10,000 rebates.
	Appreciate 0 Quote