[Higgs1]

My 330i will be paid off in February and I think it's perfect timing as I'm really liking the way the new 2 series is looking.

I was thinking of going the lease route this time around so I can jump to something else if I want after 3 years.

I was looking at MSRP's of some cars and the lease terms on BMW for the comparable 1/3 series.

Is it safe to assume I could get a nicely loaded M235 for sub 400 lease terms? I'd also be trading in my 06' 330i so that would definitely bring the MSRP down some on the car I'd be getting.

I'm hoping to score a lease around 300/mo, but sub 400 would be good too.

Any thoughts, I know its really early and we don't have all the information yet, I'm just anxious lol

Thanks

[nunka]

If you want to be extremely optimistic... yeah, it may be possible if you get somewhere near full trade-in value for your 330i, plus build out cash, plus loyalty cash. But right now there are too many variables to say for sure. We don't know exactly how much a well-optioned US M235i will cost (likely $50k+, but who knows?). We don't know how much wiggle room there will be between invoice and MSRP. We don't know if the currently awful residuals of the 1 series will transfer over to the 2. We don't know if money factors will be in our favor.

TL;DR Ask again later.

[Higgs1]

Originally Posted by nunka

If you want to be extremely optimistic... yeah, it may be possible if you get somewhere near full trade-in value for your 330i, plus build out cash, plus loyalty cash. But right now there are too many variables to say for sure. We don't know exactly how much a well-optioned US M235i will cost (likely $50k+, but who knows?). We don't know how much wiggle room there will be between invoice and MSRP. We don't know if the currently awful residuals of the 1 series will transfer over to the 2. We don't know if money factors will be in our favor.

TL;DR Ask again later.

Yeah there's a crap load of variables with leasing, that's always kind of kept me away from it. I'll just hold off until more info is out.

Thanks though!

[vinny84]

You're going to have to wait until the ordering guide comes out and maybe until cars start being sold.

Not sure if lease residuals come out right away.

[puma1552]

No way would I put my paid off car as a downpayment on a lease. I wouldn't put anything down on a lease if possible.

I would absolutely sell my E90 privately and stick the money in the bank, and try to lease with nothing down in the $500 +/- range.

Imagine if you gave them your paid off E90 and totaled your new 235 as soon as you left the dealership?

[aspensilver]

Originally Posted by puma1552

No way would I put my paid off car as a downpayment on a lease. I wouldn't put anything down on a lease if possible.

I would absolutely sell my E90 privately and stick the money in the bank, and try to lease with nothing down in the $500 +/- range.

Imagine if you gave them your paid off E90 and totaled your new 235 as soon as you left the dealership?

The car would be covered by comp insurance as all leases are.

[nunka]

Originally Posted by puma1552

I would absolutely sell my E90 privately and stick the money in the bank, and try to lease with nothing down in the $500 +/- range.

$500/mo with nothing down for a well-optioned M235i? Good luck with that. 600, maybe - if the numbers are particularly good, or if you choose zero options.

Originally Posted by aspensilver

The car would be covered by comp insurance as all leases are.

He's referring to the lost trade-in money (a.k.a. down payment, a.k.a. the great leasing black hole) which would not be refunded by insurance. Comprehensive and GAP insurance don't cover that.

[dmboone25]

Originally Posted by nunka

$500/mo with nothing down for a well-optioned M235i? Good luck with that. 600, maybe - if the numbers are particularly good, or if you choose zero options.

If you're dealing at invoice, it is possible. But can't go crazy with the options, as you said...

[jzcrna]

Originally Posted by puma1552

No way would I put my paid off car as a downpayment on a lease. I wouldn't put anything down on a lease if possible.

I would absolutely sell my E90 privately and stick the money in the bank, and try to lease with nothing down in the $500 +/- range.

Imagine if you gave them your paid off E90 and totaled your new 235 as soon as you left the dealership?

This^^ As long as there is equity.

[maxdriver]

This is an excellent site for lease information.

http://bmwconfig.com/


I am leasing for the first time and actually enjoyed the process of negotiation. I learned beforehand that one needs to negotiate on the price of the vehicle, the interest rate (money factor) and the residual. You can also put down refundable security deposits on a BMW which lowers the interest rate. I would avoid putting any cash down.

[Bama335]

leases of $300 or $400 on an M235 are unlikely, unless you want to put down a bunch of $$.

Even with the subsidized residuals and low MF last summer, a 135is was $600+ before the BMW incentives (loyalty, ultimate drive, turn key).

I wouldn't use your 330 as a lease down payment - I'd try to sell it and pocket the difference between the dealer trade offer

[JButtonMCL]

Originally Posted by maxdriver

This is an excellent site for lease information.

http://bmwconfig.com/


I am leasing for the first time and actually enjoyed the process of negotiation. I learned beforehand that one needs to negotiate on the price of the vehicle, the interest rate (money factor) and the residual. You can also put down refundable security deposits on a BMW which lowers the interest rate. I would avoid putting any cash down.

Compared to just negotiating on the monthly payments or what?

[maxdriver]

Originally Posted by JButtonMCL

Compared to just negotiating on the monthly payments or what?

A lot more to it than the monthly payment....


http://www.leaseguide.com/lease13.htm

[Higgs1]

Lot's of good advice here, thanks. Having never leased before I just thought it would be a good way of getting a new 2 series at a lower cost and still have an out after a few years if I wanted to move on or change it up.

Guess I'll have to do some more research and think about it more. I'll cross that bridge when I get to it next year.

[JButtonMCL]

Originally Posted by maxdriver

A lot more to it than the monthly payment....


http://www.leaseguide.com/lease13.htm

Great read!

Thanks!

[tomegun]

If you are going to sell or trade in your car and use that as a down payment maybe buying is your better option. You may still be able to get another car in three years and benefit from the reduced finance amount on the next car too.

If you are determined to lease sell your car, put down seven security deposits and put the rest in the bank.

[Roundown]

Originally Posted by aspensilver

The car would be covered by comp insurance as all leases are.

BMWFS is made whole- not the lessee. He loses his equity if it's totaled.

[Pauleebe]

If residuals, incentives and MF are good enough, you might be able to lock in an M235 without almost any options for close to $450.

I say this because the MSRP of my F30 is just over the MSRP of the base M235, and I got mine for $400 a month, granted I had great incentives and put a little cash down.

[Powaup]

Originally Posted by riM3

BMWFS is made whole- not the lessee. He loses his equity if it's totaled.

Does that count at any time of the lease or just during the first few months?

Here's a great read:
http://www.realcartips.com/leasing/0...ar-lease.shtml

[Powaup]

Originally Posted by JButtonMCL

Great read!

Thanks!

It's gonna be hard negotiating on the price of the car when it first comes out unless the dealers get a bunch of allocations which I doubt will happen.

Maybe you should consider doing ED. That would help bring cost down about 7% at the least

[maxdriver]

Originally Posted by JButtonMCL

Great read!

Thanks!

Glad you liked it. I also didn't trade anything in, so that kept it cleaner. Again if you are considering leasing a BMW, this site is a great help...

http://bmwconfig.com/BmwConfig/Config.aspx

[aspensilver]

Originally Posted by riM3

BMWFS is made whole- not the lessee. He loses his equity if it's totaled.

I guess I assumed comprehensive insurance would get me an equivalent car. Say you its totalled and you were at 15K miles, they would find you a 15Kish car and settle on the difference. But, from reading around, I guess this isn't the case? The lease contract I thought would make something like that happen, but wishful thinking. I'll never put money down on a lease ever again!