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tharmon 06-07-2007, 08:10 PM The info poster for the roadfly.com BMW lease rate link is at a leasing conference and probably won't be posting June rates until sometime the first of next week. Does anyone have the June BMW lease rate on a 335i coupe, 3 year, 10,000 miles? I was told my coupe I ordered should arrive Monday. It's been 12 weeks since I ordered, so the lease quote I received is kaput. In March the dealer quoted .00200 MF when the BMW rate was .00170, so they are adding extra to the rate which I would like to address now that the car is supposed to be here.
harold57 06-07-2007, 08:32 PM How do you figure the lease? What do those number mean?
Jhunter 06-07-2007, 08:39 PM To long to explain here. This is a great explanation of how a lease is calculated and what each term means:
http://www.edmunds.com/advice/leasing/articles/48365/article.html
IrvRobinson 06-08-2007, 02:12 PM I haven't seen them yet also, any day now
According to my CA, they are unchanged from May (.00185 base and 61% residual for 36 months and 10k miles per year).
jawaii99 06-08-2007, 10:58 PM How do you figure the lease? What do those number mean?
Harold - if you multiply the money factor by 2400, you get the effective interest rate, which is probablly more understandable since almost everything else we buy on credit/financing is quoted in terms of annual percentage rates.
tharmon 06-09-2007, 02:12 PM The June rates have now been posted on the roadfly.com link. Thanks all!
http://forums.roadfly.com/forums/financing/8455565-1.html
formula 06-11-2007, 10:53 AM so what were the old rates on a 335i sedan 36 month lease.
tharmon 06-11-2007, 06:46 PM Sorry, I looked for my May list, but couldn't find it. The June rate is .00175 with a 61% residual for 15K miles/year. The 335i coupe did not change. Perhaps the sedan did not either?
mantisG35 06-18-2007, 01:27 PM i really do no understand BMW lease terms. if the car is 50k and the residual is 61^ that means the end-of-lease value of the car is about 30k. which means during your 36 month lease you shouldnt have spent more than the other 20k. now if you calculate the payments they'll be well over 25k!!!
i really do no understand BMW lease terms. if the car is 50k and the residual is 61^ that means the end-of-lease value of the car is about 30k. which means during your 36 month lease you shouldnt have spent more than the other 20k. now if you calculate the payments they'll be well over 25k!!!
It's called interest (which, in the case of a lease, is represented by the money factor).
Their rates, if good, are advertised on bmwusa.com under shopping->lease offers. The 335i coupe is better than sedan at the moment, roughly 4%
mryakan 06-18-2007, 01:48 PM i really do no understand BMW lease terms. if the car is 50k and the residual is 61^ that means the end-of-lease value of the car is about 30k. which means during your 36 month lease you shouldnt have spent more than the other 20k. now if you calculate the payments they'll be well over 25k!!!
lmao, you think they'd lease you the car for free. This is a free country but not when it comes to money :-). You pay an additional fixed financing fee every month based on the MF, residual and net cost (finance fee = (net cost+residual) * MF, where MF = APR/2400.
mantisG35 06-18-2007, 02:18 PM yah after i posted i realized i didnt include all that stuff... i guess when i leased my car the numbers were pretty low that i didnt even realize they should be in there LOL
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