Quote:
Originally Posted by ASAP
Has anyone noticed that BMW leases as of this year are far worse than ever before?
The stated lease deals online are only for 7,500 miles per year and are at a much lower residual value than before. Is BMW now matching up with Audi and Benz? Did they get themselves in trouble on so many upside down cars? It at least seems that it's far less worth it to lease a BMW these days than ever before.
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This is not just true for BMW, but for everyone.
The cars went up significantly in price, the cars are worth less on trade in, and financing is more expensive (the money factor). So across the board you are going to see higher lease prices.
In order to 'game' the advertising, they will post 'cheaper' leases like the $299 special but only on unrealistic mileage (and that's before any taxes or fees with bloated down payments). You can either pay for a higher mileage allotment, or take the risk in mileage overage fees. Whichever works best for you.
I think you'll notice that buying a CPO or a non CPO but under warranty will give you a lower 'monthly payment' than leasing with 0 down especially if you have good credit.
Of course it's cyclical and in a year or so it could change again.
Seth