what are the 335 coupe lease rates (i'm in ny)

[KEVIN88GT]

thinking about a 24-36 mo lease on the 335 (priced one for 48k on the bmw site) any idea what the lease will run me with zero down and fees due at signing only? I only need 10k miles per year.

[scalbert]

Using the information on www.bmwusa.com by building a car and then estimating payments:

Price as built: $48,670
State of Purchase: New York
Down Payment $2500 (Did not allow for $0 down)
Term 30 Month
Annual Mileage 10,000

Monthly Payment $ 665

[2007/335i/coupe]

If you go to BMW's corporate site and build your 335i, you should be able to get an estimate for your lease payment. I built a base 335i with no options, their online system does not allow zero down so I entered $1 and the monthly payments came out to be $681 for 24 months, 10k per year. A friend of mine who works at Toyota dealership mentioned as a general rule of thumb, at least for the Toyotas he leased, every additional $1,000 added into the cost of the vehicle results in an additional $20 - $25 per month in payments. The prices quoted on the site does not include any sales tax or additional surcharges if they apply.

[2007/335i/coupe]

Using the information on www bmw com by building a car and then estimating payments:

Price as built: $48,670
State of Purchase: New York
Down Payment $2500 (Did not allow for $0 down)
Term 30 Month
Annual Mileage 10,000

Monthly Payment $ 665

I left my pc to take a call and you beat me to it!

Anyhow, I'm bored at work so I used another payment option on BMW's site. If the car is $48,000 with $1 down payment, your monthly payments came out to be $977.00 a month for 24 months with 10,000 miles/year.

[KEVIN88GT]

weird....even though the 48k dollar 335 is less expensive than the s4 i priced @ 50k the bmw lease rates arent cheaper..... i thought everyone on this site is saying bmw have high residual and the 335 is good to lease....... as far as using the bmw calculator...i doubt those are accurate..... has anyone actually leased the car that can have some concrete numbers?

[greenie99]

If you go to BMW's corporate site and build your 335i, you should be able to get an estimate for your lease payment. I built a base 335i with no options, their online system does not allow zero down so I entered $1 and the monthly payments came out to be $681 for 24 months, 10k per year. A friend of mine who works at Toyota dealership mentioned as a general rule of thumb, at least for the Toyotas he leased, every additional $1,000 added into the cost of the vehicle results in an additional $20 - $25 per month in payments. The prices quoted on the site does not include any sales tax or additional surcharges if they apply.

Its probably closer to $25.00-$30.00 per 1K.

[Jhunter]

thinking about a 24-36 mo lease on the 335 (priced one for 48k on the bmw site) any idea what the lease will run me with zero down and fees due at signing only? I only need 10k miles per year.

The best thing to do is just calculate the lease payment yourself. Edmunds shows you how to do this. All you need is the amount off MSRP you are getting from the dealer, your local sales tax rate, an interest rate (use a new car interest rate, the article shows you how to convert this to a lease money factor) and a residual value percentage.

The current 335i lease special through BMW is using a 61% residual value on a 36 month lease.

Some states (Ohio) calculate sales tax differently than as shown in the article but you will be close in any case.

I can not post links but you should be able to get to the article by adding this after edmunds dot com /advice/leasing/articles/48365/article

[2007/335i/coupe]

weird....even though the 48k dollar 335 is less expensive than the s4 i priced @ 50k the bmw lease rates arent cheaper..... i thought everyone on this site is saying bmw have high residual and the 335 is good to lease....... as far as using the bmw calculator...i doubt those are accurate..... has anyone actually leased the car that can have some concrete numbers?

I agree, obviously BMW's calculator is not going to cut you any breaks. But I believe it's a good starting point. I lease my 335i, put down $4,000 to get my monthly payments at $600 per month including tax for 36 months. Vehicle price is about $45,500. Not a really a deal, but I felt I paid a fair price for this type of car. Considering you are interested in a brand new model and the top of the line non M 3 series engine, I would be surprised if a dealership gave you a deal unless the dealership is out in the middle of nowhere. When I checked a month ago, my local dealers didn't even have one in stock, all were sold or reserved. The only thing they had were demos, mostly automatic. And since you want to put zero down, your bargaining power just dropped down a notch.

*EDIT* My mileage is 15k per year + dealer threw in an additional 5,000 miles to the factory warranty

[Carlson335]

I leased mine for 24 months. I traded an 01 VW GTI ($7500) and put $2500 down. That's $10k off the sticker, so I'm paying $395 or so per month.

Not what you're after, but they were running a lease offer for the 335. I think it was around $550 / month or so, rare to see a lease special on a high performance BMW model in its first year out.

I just did the build you own option and loaded up a model with MSRP of 48,195 and it comes to $790 / mo for 24 months, 10k miles per year, 0 down.

[Jhunter]

And since you want to put zero down, your bargaining power just dropped down a notch.

As far as bargaining with the dealer (discount off of MSRP) the down payment does not mean anything to them, they get paid wether it is from your check or from a bank, finance company or BMW FS.

The money down can effect your interest rate or lease money factor. With excellent credit you can get the lowest possible rate with little or no down payment. With not so good credit your rate may improve with a higher down payment. With bad credit you will need a significant down payment to get financing.

[Jhunter]

I agree, obviously BMW's calculator is not going to cut you any breaks. But I believe it's a good starting point.

I think BMW's calculator overstates a realistic lease payment. It probably assumes you are paying MSRP and uses a high money factor. Likely for marketing purpose so that you are pleasantly surprised when the dealer comes in with a lower payment! Also, it avoids putting dealers in the tough position of having to match the websites number.

[2007/335i/coupe]

Ah, I'm not familiar with the intricacies with leases. I guess I might have been able to save a little more on my payments boohoo.

[Jhunter]

Ah, I'm not familiar with the intricacies with leases. I guess I might have been able to save a little more on my payments boohoo.

Actually your deal does not sound that bad. I plan on ordering soon for a January delivery and my goal is just slightly under your money down and monthly payment amounts. My MSRP will be a little lower the way I have built the car and I only need 12,000 miles a year. To get the best deal with a lease it just pays to know exactly how it is calculated and what the variables are. Know what you can negoiate such as the discount off MSRP and what you generally can't such as the residual value percentage used by the finance company.

[HBAR1]

I just leased 335 coupe - MSRP 47090 - in Westchester County, NY:

36 mos., 0 down (except payed taxes up front), 12000 miles = $639 per mo.

Don't know all the fine details - didn't really care, but could look up I guess.

[Wanta335i]

thinking about a 24-36 mo lease on the 335 (priced one for 48k on the bmw site) any idea what the lease will run me with zero down and fees due at signing only? I only need 10k miles per year.
Just signed on a 335i, 36 month lease, 12,000 mi/yr, $1,079 at signing...$699/mo. The car listed at about $47K

[KEVIN88GT]

HBAR 1...a few questions....
1) was it a better deal for a 24mo. lease?
2) That price includes taxes?
3)Was it cheaper for 10k miles per year?

thanks

[HBAR1]

Taxes were not included in the monthly payment, I paid them up front. Cost at signing was about 3600, which included the taxes, DMV fees, and the rest of the normal dealer BS, but I put nothing down on the car.

24 mos. was pretty significantly more expensive, don't recall the exact amount, but I think it was in the mid 700's.

Yes, it was a little cheaper for 10k miles, maybe 620 per mo, again, don't remember exact amount.

Not sure where you are in NY, but I leased the vehicle at Mt. Kisco BMW, which is temporarily located in Briarcliff Manor.

[Jhunter]

Taxes were not included in the monthly payment, I paid them up front. Cost at signing was about 3600, which included the taxes, DMV fees, and the rest of the normal dealer BS, but I put nothing down on the car.

24 mos. was pretty significantly more expensive, don't recall the exact amount, but I think it was in the mid 700's.

Yes, it was a little cheaper for 10k miles, maybe 620 per mo, again, don't remember exact amount.

Not sure where you are in NY, but I leased the vehicle at Mt. Kisco BMW, which is temporarily located in Briarcliff Manor.

You said you put nothing down but you wrote a check for $3,600! $3,600 is money down! Your first post sounded to good to be true but then it made more sense when I saw the $3,600 on your second post. Doesn't really matter whether they call it taxes and fees or capitalized cost reduction. You are paying a set amount for the car, sales tax and other fees are added to this, you finance the car through a lease for a certain amount per month over a certain period of time. The more of this total amount you pay up front the lower your monthly payment will be.

If the lease is through BMW FS then 36 months is almost always the best option (although occasionally they run specials at 39 months). BMW seems to structure their leases to target the 36 months. I suspect this is because they maximize their profit on the lease returns that they CPO with cars at this age as opposed to being newer or older. With a bank or other finance company the monthly payment will almost always go down the longer your term on the lease. This is because the depreciation is max the first year, lower the second year, still lower the third year, etc.

The more miles available under the lease the more it will cost you and vice-versa.

[Jhunter]

I leased mine for 24 months. I traded an 01 VW GTI ($7500) and put $2500 down. That's $10k off the sticker, so I'm paying $395 or so per month.

You should be careful with such a large downpayment on a lease. You are bearing a risk that many people are not aware of.

Let say you total your VW the day before you are to lease the new Bimmer. Your insurance company pays you the value of the VW less your deductible.

Now assume the above did not happen. So you do the deal from your quote and lease your Bimmer. The next day you total it. What happens? You pay your deductible and your insurance company pays off the amount due the leasing company under the contract.

Under the first scenario you have $7,000 or whatever in the bank. Under the second scenario you have $0. You have just lost the $7,500 of value you had in the VW.

I am not sure you would have any recourse against your insurance company. The leasing company is happy as they were paid the early termination amount under the lease. This is usually all unpaid monthly payments added to the residual value. So your insurance company is in essence paying all the interest implied in the lease with the pay-off. This eats into the difference in fair market value vs the lease pay-off amount that you would be trying to argue with the insurance company over to recover some of your large down payment. I have never heard of this being done and your insurance policy may be written in a such a way to prevent this.

Remember, with a lease downpayment you are just prepaying the "rent" on the car, you are not getting any equity.

[KEVIN88GT]

HBAR1..thanks for the info

Jhunter...I agree with you...I wouldnt even pay taxes up front for the reasons you mentioned....if something happens to the car it's money lost.... when I lease I put ZERO down just fees due at signing....

I'm trying to figure out a good lease price for the following lease

msrp 37,190
term 24 or 36 months (whatever is cheaper)
10k miles per year
Taxes rolled into payment
only fees due at signing.

[2007/335i/coupe]

I think it would be a good time to walk into the dealership and get some numbers from them. You already have a number in mind so throw it at them and see what happens. If you are able to put no money down and get your payments at $600 to $700, that's a deal in my opinion. Everyone who has responded pays $600 or more except for Carlson who put 10 down to get his payments at $395 + tax I assume. I had a friend who just leased a Lexus IS250, his vehicle price was around $36,000 and he traded in his Subaru ($5,000) + $2,000 in order to get his payments around $350.

[benz2bimmer]

regencyleasing.com-very good and in bklyn
ive worked with them and would do it again

[nmehta211]

Can you lease a car you take European delivery on? How does it affect the residual?

[KEVIN88GT]

benz2bimmer....I emailed them..they told me they'll get me a price on monday....can you tell me what deal you got? if you dont want to mention details online can you please email me @ xprotonzx@aol.com thanks

[benz2bimmer]

no i didnt get a bmw-sadly i got and fx 2 weeks after it came out 490 now its outragous but at the time-2003 the dealer was asking 585