2007 loaded 335i Coupe lease: opinions please
 

BMW Dealership: 2007 335i Coupe Black on Black, options-loaded

MSRP: $50,925
Cap Cost: $49,925
Residual value: 60%
Money Factor: 0.002 (=4.8%)
12,000 miles/ year for three years.
My Credit score: 748-755 depending on the bureau

For $783/ month

$0 down + usual title fees etc. + Security month + First month= $2,487 at signing with BMW Financial Services.

I am a returning customer with BMW and BMW FS and they gave me $1,000 off MSRP for that. I cannot ge them to lower the cap cost, or the money factor or increase the residual.

What do you folks think: is this is a good deal?

I would say you can probably do better. At MSRP on that car the dealer profit is around $3k. I would offer $1k over invoice (that's what I got mine for). Also, the $2487 drive away sounds high. Tell them to waive security deposit. I have never left a sec. dep. on any of my bmw's. Drive aways' should be something like:

$625 Acquisition Fee (bank fee)
$125 Title & tag
$125 floor mats
$xxx first month's pmt

Plus I assume the car is on the lot due to it being a 2007. I would say any reasonable dealer would be willing to do $1k over invoice on an in-stock vehicle. The 08's gotta be here soon.

I ordered an '08 for $1,300 over invoice (due in in about 3 weeks). You can do better especially as a repeat BMW customer. I agree with TP --- no security deposit if you have good clean credit.

the number sounds like a 2 years deal. see if u can do the same with the 24M plan. for 36M it sounds high.

btw, give the fact that it's a 07 not 08 & the 08s are coming in shortly. that's what i mean u could do better.

Ouch thats high, makes me happy to work for BMW and get access employee leasing :) You would cry if you knew what I could pay :D

Seriously tho, that number is high... I have seen them go out of here for around that number on 24 month leases, should be less for a 36...
Evan

I'm almost embarrassed to say what I got mine for. I took the 335 on euro delivery, and my lease price is $565 over 36 months at 12k miles per year. Plus that number includes 9% PA lease tax. I think my MF was .00150, and the residual was 60%. Plus, the euro trip was in march so airfare was only $400 bucks round trip. Needless to say, I jumped on the deal at that price! :)

What do you pay?

What was the MSRP and how much did you put down?

I don't have one, but COULD pay just under 5 for a fully loaded 335 coupe for 24 months, 12000 miles, 0 down (just fees).
Its a crazy good deal!
Evan

WOW! So do you wanna get me a job for BMW so I can get this deal;)

Haha, just goto your local dealer and fill out an application ;) Its very tempting just to have a second car, but the M5 is already such a daily driver I can't justify it... Now a conv. maybe, but those are almost impossible to get on an employee lease because they are so hot....
Evan

$50k for a fully loaded 3-series coupe seems a little ridiculous.

i can't imagine what the new m3 will cost.

We just sold a 335 coupe that had accessories on it for $59K!!! THat was crazy, car was really really nice tho!!
Evan

for $59k it better be really really nice lol