[Hagechan]

Hi All

Just got the lease info from a dealer in the Bay Area, California. Do you think the lease is expensive?

[CHSBoater]

I think they are charging you a bunch of BS fees that Jon Shafer at BMW of Santa Maria would not. (Am I allowed to say the name of the other site?)

[Hagechan]

Originally Posted by CHSBoater

I think they are charging you a bunch of BS fees that Jon Shafer at BMW of Santa Maria would not. (Am I allowed to say the name of the other site?)

In order to make the lease less than $600 / month. The down payment is $10000! Why they charge tint glass for $499? That should be included base on my built summary.

When I leased my 2016 M235i, my due at sign was $4000. Lease was around $700/mo with 10000 miles limited.

Maybe I should move on to a different dealer...

[thenew3]

That seems really high to me. so for 36 month, $5k down, it's $725/month which works out to $725 * 36 = $26,100 + $5000 = $31,100 on a $45,495 MSRP?
So you're paying nearly 70% of the price of the new car over a 3 year period with only 7500 miles a year? Probably better off buying it at those lease prices.

My local dealer is advertising X3's for only $609/month with a $5k down. with MSRP of $52k.
(36 months, 7500 miles a year).

[tex2670]

Originally Posted by CHSBoater

I think they are charging you a bunch of BS fees that Jon Shafer at BMW of Santa Maria would not. (Am I allowed to say the name of the other site?)

Charging for nitrogen is ridiculous

[harris06]

Originally Posted by Hagechan

Hi All

Just got the lease info from a dealer in the Bay Area, California. Do you think the lease is expensive?

I wish some one would lease it from me with these prices and give me the car after I got back more than $30000 later with 22.5k miles on it.

[Hagechan]

Originally Posted by thenew3

That seems really high to me. so for 36 month, $5k down, it's $725/month which works out to $725 * 36 = $26,100 + $5000 = $31,100 on a $45,495 MSRP?
So you're paying nearly 70% of the price of the new car over a 3 year period with only 7500 miles a year? Probably better off buying it at those lease prices.

My local dealer is advertising X3's for only $609/month with a $5k down. with MSRP of $52k.
(36 months, 7500 miles a year).

Got another quote from a different dealer. Drive off: $4500. $648+tax per month based on 7500 mile per year. Buyback is $28-29k.

[alex2364]

Originally Posted by Hagechan

Got another quote from a different dealer. Drive off: $4500. $648+tax per month based on 7500 mile per year. Buyback is $28-29k.

Stop calculating your lease based on monthly payment and drive off amount. Get the selling price of the car, plus any fees and tax, and the money factor. Those are the only numbers you need to find out if it's a good deal.

[Next Level Auto Brokers]

0-6% off is the target for x1s

These are Dec 2022 numbers and will change next week, but hopefully it will give you a good idea of what a good deal on an x1 lease should look like

.0018 MF or 3.99% APR for 60 mo if financing
0 loyalty credit and 0 lease cash/apr credit
56% residual 10k/36mo


$650/month +tax
~$2775 due at signing
10k/36mo lease

https://leasehackr.com/calculator?ma...sult_mode=true

[Speedbird71]

I didn’t seriously consider a lease but the high level numbers I got were
MSRP. 46045
36 months
7500 miles
Down: $5k
Monthly: $686.22 including tax

[Fumus]

Just buy it. My payments are quite less with a 72 month loan and 21k down. If you don't like the X1, just trade it in for about a few thousand less than what you bought it for and get something else.

[sixtyy]

This is bad deal. I just had a deal in socal. No tire fill bs, no tint bs, 1k discount. You need to ask OTD out of door price and money factor. That is the only way to know if it is good deals.

[sixtyy]

I would not buy from any dealer who have nitrogen tire, in normal air nitrogen is 90%. That is pure BS.

This is such bad quote. Where is sales tax?

Please go to joinyaa website, and watch free dealer school 2.0 for 30min to educate about car buying

[saws]

There is a plethora of information on youtube about how leases work and how to shop for best lease values. If you feel like spending a few hours is worth your while to save a few grands then please do it.

[a0krn]

I just got a bmw lease x1 2023 28i here in the states (California). I ended with 3k cash down due signing was 5k due signing. Monthly payment $575 after taxes 44k msrp and residual value is $25400 money factor was 0.00233 10k miles 36 months. Mine wasn't a good deal but it was somewhat fair. market is pretty bad.

[Hagechan]

Originally Posted by a0krn

I just got a bmw lease x1 2023 28i here in the states (California). I ended with 3k cash down due signing was 5k due signing. Monthly payment $575 after taxes 44k msrp and residual value is $25400 money factor was 0.00233 10k miles 36 months. Mine wasn't a good deal but it was somewhat fair. market is pretty bad.

Cars nowadays are expensive.

[Tomduck]

Leasing made sense pre covid when cars were oversupplied but post Covid and with inflation and higher bank rates it is throwing money away

I worked out that pre Covid on my prior X3 I was maybe losing £5k over the contact by leasing and handing car back against buying and selling over a 4 year 8000 mile a year contract.

Now on my X1 I worked out with massively increased monthly rental which is near £600 a month compared to £400 pre Covid it’s more like £15000 more expensive to lease as residual values are now much higher.

Add in the issues I had with my last lease being charged for damage that didn’t exist and then the company debating my £0 early termination contract (both of which were settled for £0 after writing a very strong legal response) means I would never lease again.

[FlashMonkey929]

Originally Posted by Tomduck

Leasing made sense pre covid when cars were oversupplied but post Covid and with inflation and higher bank rates it is throwing money away

I worked out that pre Covid on my prior X3 I was maybe losing £5k over the contact by leasing and handing car back against buying and selling over a 4 year 8000 mile a year contract.

Now on my X1 I worked out with massively increased monthly rental which is near £600 a month compared to £400 pre Covid it’s more like £15000 more expensive to lease as residual values are now much higher.

Add in the issues I had with my last lease being charged for damage that didn’t exist and then the company debating my £0 early termination contract (both of which were settled for £0 after writing a very strong legal response) means I would never lease again.

Leasing is better for me since I can write the entire car off on my taxes since it’s a work vehicle, vs buying I can only deduct mileage.

[Taylor66]

If you have 90% Nitrogen in air you will die. Its 78% but your point is well made. Tires are pretty ridged so have normal air in them then they add the magical Nitrogen (Prevents corrosion + Fractionally lighter) so you still have some oxygen in there (The dust on your rims will be more than the weight difference). If you still want to spend $200 on it, would you also like to buy a bridge?

[amilcarnj]

Originally Posted by Hagechan

Cars nowadays are expensive.

I completely agree; interest rates are extremely high nowadays. I didn't buy from the dealer; instead, I ordered a fully loaded BMW from BMW USA, priced at about $47,500K plus taxes. I made a $2,000 down payment to place the order, and $2,600 was due at pickup. With a 10,000-mile allowance and a money factor of 0.0019, the total payment at the end of the lease will be almost $30K. I really want an X3, but I'm inclined to wait for the next generation. I might opt for an X4 instead. I'm currently paying $701 a month, and in hindsight, I should have gone with a 12K-mile allowance. With 6 months elapsed, I've almost reached 8,500 miles.

[didii]

Hello All,

Sorry I’m new to this app and I’m not sure if this is a new post or a reply but I am currently looking into lease transfer/buyout options. I have a 2023 bmw x1 and I leased my car in jan 2024 in Vancouver, BC. Based on what I’ve read on the internet, BMW does not allow 3rd party buyouts. I haven’t found the actual statement on bmw.ca yet. I was wondering if that’s true and if my only option is to either find someone to transfer the lease to or make the remaining payments on the lease term to end my lease early. Could anyone advise on this?

[FlashMonkey929]

Originally Posted by didii

Hello All,

Sorry I’m new to this app and I’m not sure if this is a new post or a reply but I am currently looking into lease transfer/buyout options. I have a 2023 bmw x1 and I leased my car in jan 2024 in Vancouver, BC. Based on what I’ve read on the internet, BMW does not allow 3rd party buyouts. I haven’t found the actual statement on bmw.ca yet. I was wondering if that’s true and if my only option is to either find someone to transfer the lease to or make the remaining payments on the lease term to end my lease early. Could anyone advise on this?

When I got my 2011 e90 335i, it was from a friend who was leasing it but wanted to get out of it early so he could get an M3. It was a year and a half into his lease, so we had to contact BMW and arrange for a lease takeover. They ran our credit on both sides, sent us paperwork to arrange the transfer, and once both parties completed the paperwork the lease was transferred. Process took a couple of weeks, but mostly due to the two of us both being busy with work. I believe there is a way to just do a straight buyout from a 3rd party provided the complete the paperwork and have the funds verified or finance through BMW Financial but I'm not positive.

When we did this we went to the local dealer to start the process and they were very helpful in getting us pointed in the right direction.

After the lease was up on the 335i I bought it out, very easy process.