Help leasing an 08' BMW 3 Coupe??

[DivideBYZero]

Nice.

PICS!

 

[rh71]

White is sexy. Gratz.

 

[dirtboy]

Just a reminder... you will need to plan on putting runflats on it when you turn it in at lease maturity. Sounds like a great car. Enjoy!

 

[NutBucket]

Screw that. Runflats stink and are freakin' expensive as hell. Throw regular tires on now, store the runflats and turn them in unused in '11

 

[BillyBatson]

so there has been a change of plans. My car was a dealer trade and the dealer who has the car says the vehicle was on hold for one of their good customers. SO i am not able to get the car. Because of this and because they told me i would get the car he is offering me a different one at a supposed larger discount.
2008 328i coupe, alpine white ext., beige leather int., premium package (power seats, BT, etc), sport package (sport rims, suspension?, etc), automatic with leather steering wheel and paddle shifters. No ipod connection is included just an audio jack.
MRSP is $42,000+. Not sure after discount. same terms 36 months, 15k miles, 2000 down, comes to $590 a month. Is the $20 a month more worth it?

 

[spidey07]

Originally posted by: BillyBatson
so there has been a change of plans. My car was a dealer trade and the dealer who has the car says the vehicle was on hold for one of their good customers. SO i am not able to get the car. Because of this and because they told me i would get the car he is offering me a different one at a supposed larger discount.
2008 328i coupe, alpine white ext., beige leather int., premium package (power seats, BT, etc), sport package (sport rims, suspension?, etc), automatic with leather steering wheel and paddle shifters. No ipod connection is included just an audio jack.
MRSP is $42,000+. Not sure after discount. same terms 36 months, 15k miles, 2000 down, comes to $590 a month. Is the $20 a month more worth it?

You're getting run through the ringer. ye old bait and switch. Walk away...

I tried to stay out of this thread but unless you are making over 150K a year this is too much car for you.

Me personally I'd tell the dealer to shove it. 600 bucks even with a down payment (never do this on a lease) I had better be driving a 60K car. Unless the clear terms of the lease, the money factor and residual, etc are given to you then just walk away. They're hooking you on the monthly payment, the hook is already in your mouth and you like the taste. Dealer is just trying to figure out how hard to set the hook.

*salesmen*
So, how much do you want to spend per month?

I'm not trying to be mean, but you're getting screwed.

 

[Scouzer]

I can't believe your looking at BMW's when you work TWO JOBS. TWO JOBS TWO JOBS TWO JOBS!!!

What ARE your priorities man??? Are you that materialistic???

 

[BillyBatson]

Scouzer, the 2nd job doesn't make a lot of money and truely is a hobby that i enjoy and i get a discount. I have been working there since september and have not spent a single penny from that job it all goes to a seperate bank account that i don't use.
and i really don't have a lot of priorities other than myself. I am not married, 0 kids, no house or mortgage, I can afford it, I spend a lot of time in my car. To be honest with you if i were to just purchase the same car i had before (07' civic coupe, $379 a month), i would be spending that extra $200 a month one something else like partying, clubs, bars, computer crap, etc

spidey07, that is why i am posting here to get advice so i appreicate it. However you are telling me i am getting screwed but i am not seeing how. I have talked to so many BMW and Infiniti dealers and this seems to be about the price. I have spoken to 2 others who own bmw's and a few that own infiniti's and they too told me it's about right. I ran the numbers on the first car and they were right, this one is $3000-4000 MSRP more and will cost $20 more a month, which doesn't sound bad to me? As for having to make $150,000 a year to afford this i think is a little ridiculous if i was making that much i would probably be buying this car instead of leaving. As it stands i make about $62k a year

 

[Scouzer]

Well, I think your hell bent on justifying a poor purchase.

You should have that house first.

 

[BillyBatson]

i want the car yes, but i don't want to be screwed ont he price.

i can't afford a house or i swear i would drive a 1985 corolla if it meant i could own a nice house

 

[jagec]

Wait, so you're going to pay $2000+$590*36 + $400 (very conservative estimate on tires at end-of-lease)= $23,640...and then that's it? Thanks a lot, see you next time, I'll take the bus home?

Screw that! You could outright BUY a few-years-old BMW for only a few K more. Or you could buy a new one, sell it after 3 years, and lose a LOT less money than that. $24k is a LOT of money!

 

[alimoalem]

BillyBatson, you don't just find a job and get a mortgage a month later. you have to save your money up. and a $42k car is too much for a person making $62k, don't u think?

and as spidey07 said, the dealership is playing you. it's obvious.

yea, the car looks good, but my suggestion is to find a different car.

 

[amdfansftw]

why not just buy a new civic ex even and put a three year note on it pay it off then sell it in three years. you will have about 12k in equity in three years rather than having 0 in equity. then take the 12k that you have in equity and buy a used bmw. three years and alot of savings is the way i would go but do whatever you want and get screwed doing it.

 

[dirtboy]

You're already screwing yourself because you can't afford this car. It's not for people like you. You probably don't know what gas, insurance and tires will cost you over the 36 months. My roommate was going through a set on his 325 every 12 months. Go look up the price of rubber for a 328. You'll be surprised. Since they are performance tires you'll wear through them quickly and you are required to put back on, not exact same brand, but an equivalent tire at lease turn in with a minimum amount of specified tread.

$590/mo + PREMIUM gas & insurance is absurd. And if you drive as much as you claim, if you exceed 15,000 miles per year you will probably get hammered on paying for excess mileage in the end.

Not only that, but if you decide to get a house or anything in your life changes, you will be stuck with these payments for the next 36 months.

Leasing might be fine for you, but lease something you can afford.

edit:

You're looking at an effective payment of $645/mo for 36 months, if you wrap the down payment into your monthly cost. That's insane.

According to TireRack...

Tires for 2008 BMW 328i Coupe Base Model
Cheap runflats: Bridgestone Blizzak LM-22 RFT $180 per tire
OE runflats: Bridgestone Turanza EL42 RFT $222 per tire

By the time you factor tax, shipping, mount & balance, you'll get close to $1,200 to replace your tires. If you replace them once, and I doubt you can get away with that...

Your effective payment goes to: ~$680/mo; to replace twice... ~$715/mo. ouch.

 

[amdfansftw]

Originally posted by: dirtboy
You're already screwing yourself because you can't afford this car. It's not for people like you. You probably don't know what gas, insurance and tires will cost you over the 36 months. My roommate was going through a set on his 325 every 12 months. Go look up the price of rubber for a 328. You'll be surprised. Since they are performance tires you'll wear through them quickly and you are required to put back on, not exact same brand, but an equivalent tire at lease turn in with a minimum amount of specified tread.

$590/mo + PREMIUM gas & insurance is absurd. And if you drive as much as you claim, if you exceed 15,000 miles per year you will probably get hammered on paying for excess mileage in the end.

Not only that, but if you decide to get a house or anything in your life changes, you will be stuck with these payments for the next 36 months.

Leasing might be fine for you, but lease something you can afford.

edit:

You're looking at an effective payment of $645/mo for 36 months, if you wrap the down payment into your monthly cost. That's insane.

According to TireRack...

Tires for 2008 BMW 328i Coupe Base Model
Cheap runflats: Bridgestone Blizzak LM-22 RFT $180 per tire
OE runflats: Bridgestone Turanza EL42 RFT $222 per tire

By the time you factor tax, shipping, mount & balance, you'll get close to $1,200 to replace your tires. If you replace them once, and I doubt you can get away with that...

Your effective payment goes to: ~$680/mo; to replace twice... ~$715/mo. ouch.

:thumbsup:

 

[rh71]

Originally posted by: BillyBatson
i want the car yes, but i don't want to be screwed ont he price.

i can't afford a house or i swear i would drive a 1985 corolla if it meant i could own a nice house

You can't afford a house but you're going to be spending so much money on a car. You will not be able to afford a house 5-10 years from now. I'm all for buying what you like when you can, but you need your own house at some point soon... don't screw yourself financially. Make the right choice right now to save up for a house and then get the car you want. Or as a compromise, buy a used version of a good car you like and don't do the monthly payment thing... which is what you need for when mortgages come.