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2Addicts | BMW 2-Series forum BMW 2 Series (F22) Forum 2 Series Pricing, Ordering, European Delivery U.S. lease deals announced - $479/mo for M235i and $359/mo for 228i

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      02-17-2014, 09:20 PM   #45
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Originally Posted by sarafil View Post
Yes you can. Start with the 15k residual. They charge $0.15 for each mile above 15k per year. So for 20k miles per year, that's $750 extra per year or about $62 extra per month before tax.

People usually think high mileage leases don't make sense. I think the opposite is true... BMW charges so little for the extra miles vs what you'd lose in resale if you bought it. If you 20k or 25k miles per year leasing can definitely be a good option. Most people (incorrectly) dismiss the lease in that case because they think it'll be much more expensive but it actually isn't.
I think its just best to wait it out and see how your mileage adds up. You can purchase additional miles up to a few months before lease end I believe. So if you think you may need them but aren't sure, I'd go for the lower amount and add them towards the end if necessary. Unfortunately, if you overshoot, you can't recover the money you've spent month after month on those additional miles.
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      02-17-2014, 09:41 PM   #46
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You can go through all kinds of optimizations regarding the risk of destroying the car on day one, but this is actually a pretty good deal.
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      02-17-2014, 10:39 PM   #47
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Thats alot. $479 plus 3,000 down payment plus TAXES title and fees and bank fee!!! in NY thats about $5,700. Not worth it yet. Money factor is probably very high right now. Give it a couple months and it will be a lot cheaper.
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      02-17-2014, 11:13 PM   #48
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Quote:
Originally Posted by sarafil View Post
Yes you can. Start with the 15k residual. They charge $0.15 for each mile above 15k per year. So for 20k miles per year, that's $750 extra per year or about $62 extra per month before tax.

People usually think high mileage leases don't make sense. I think the opposite is true... BMW charges so little for the extra miles vs what you'd lose in resale if you bought it. If you 20k or 25k miles per year leasing can definitely be a good option. Most people (incorrectly) dismiss the lease in that case because they think it'll be much more expensive but it actually isn't.
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      02-17-2014, 11:26 PM   #49
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If anyone wants the full breakdown PM me...don't know if I can post it here.
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      02-18-2014, 02:23 AM   #50
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Something else to consider when making the decision to lease: if something happens to your car and it is bother driver's fault, tens of thousands of dollars could be lost. I say this waiting for my 2014 528 to have $35k in damages fixed. The car was 9 days old and has been in the shop for more than two months. The driver was carrying the state minimum for property damage, $10,000. The car has more options selected than left off; it was more than $60k. Everything gets paid from the $10k - rental car, damage to the light pole (the city wants this but they didn't do anything to fix it) and diminished value.

The only thing that could be worse financially in this situation is if we would have bought instead of leased. BMWNA has to deal with it after the lease.
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      02-18-2014, 02:54 AM   #51
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Quote:
Originally Posted by Diver View Post
You can go through all kinds of optimizations regarding the risk of destroying the car on day one, but this is actually a pretty good deal.
Agreed. In most situations it is a very good deal, it's just the risk you take on the upfront money. Anything you want in addition to what is listed you have to either add to the down payment or build into the lease (and the monthly payment goes up). Also, you will not find a car on the lot with those exact specs and you will have to order and wait or pay more for what is on the lot. When you add taxes you will be paying a lot up front.

Few people would go this route and BMW knows it. They are not the only company that does this type of deal -- check the websites. It's a legit deal, but because of all the hoops and risks, it's a teaser to most.
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      02-18-2014, 06:42 AM   #52
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Will make a lot of people happy! (although the payments aren't really as low as it seems) I think the M235i will eventually be had in the upper 400's with zero down and 10k/yr lease. Especially around the holidays when they really get nervous about targets and begin selling cars like a whaling cow scarfing down it's last meal (not sure what that really means). lol
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      02-18-2014, 06:44 AM   #53
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Quote:
Originally Posted by K3N R3D
Quote:
Originally Posted by pz619 View Post
It only covers the balance of the lease. You are out the down payment. Let's say you put down $4K on a lease, you exit the dealership and get t-boned destroying the car. You pretty much spent $4K to drive out of the parking lot.

Putting less down increases your monthly payments, but reduces your risk should something happen. This of course is when gap insurance is key as the insurance company will have to pay more in the same situation as above.
Are you sure? If what you say is true I agree I don't ever want to put money down on a lease.
It's true. We've leased 6 cars and never have we put a down payment for this reason.
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      02-18-2014, 06:45 AM   #54
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Originally Posted by ASAP View Post
So add a few options and you are at $600/month plus taxes.
BOOM! Welcome to BMW. At least BMW is willing to teach all these young folks coming to their brand about the switch-and-bait technique early on!


The good thing however is the 2 series is unique enough to where people will not cross shop it with a 3 or 4 series. So although the payments may approach the f30/32 territory, most will not want to make the leap over to the dark, sloppy handling and loose steering side. On the other hand, if you're shopping an f30, and you're payments hit that sweet f10 spot, most folks would want to "upgrade" to the executive level land barge. A 5 series is always more impressive to the inlaws and neighbors.
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      02-18-2014, 06:49 AM   #55
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Quote:
Originally Posted by Sedan_Clan View Post
Yep, that's the ticket. I try not to put money down ever.

Sign and drive baby! Don't even pay DMV fees! All rolled into the payments. I'm always impressed with myself when I drive off the lot in an expensive brand new car, without a penny out of pocket, and I'm doing my first burnout before my first payment has not even posted. Yeah baby!
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      02-18-2014, 08:24 AM   #56
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no one has ever made an argument to me that would convince me to put a single cent down on a lease....
who cares what your monthly payment is, that is just a number; monthly payments can always be manipulated by varying factors - more impt that you get the highest residual and lowest rate....
why would you ever put a chunk of cash upfront into something you will never see again (not even in a depreciated form or residual value like when you buy the car, at least you acquire an asset... depreciated asset, but still an asset)
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      02-18-2014, 08:32 AM   #57
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I am currently leasing. I also did the 7 security deposits and no additional downpayment...(n/c the doc. and acquisition fee)
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      02-18-2014, 08:46 AM   #58
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Quote:
Originally Posted by ezmaass View Post
I think its just best to wait it out and see how your mileage adds up. You can purchase additional miles up to a few months before lease end I believe. So if you think you may need them but aren't sure, I'd go for the lower amount and add them towards the end if necessary. Unfortunately, if you overshoot, you can't recover the money you've spent month after month on those additional miles.
I hear ya, but I have a 65-80 mile round-trip commute every day, depending on my route. That's roughly 17K-22K miles/year. I can commute with a neighbor a good chunk of time and rotate in my wife's X1 (though also a lease). All that said, I'm looking at at least a 20K minimum per year. May be best to wait, pay off my DD TDI, and just run her during the winters. Just not sure I have the patience.
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      02-18-2014, 10:13 AM   #59
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Originally Posted by 135IBMW View Post
I believe the numbers provided from BMW is based on:
Well equipped including features such as Premium Package (Leather Seats, Moonroof, Comfort Access, Satellite Radio, Power Front Seats and more), Automatic Transmission, iPod/USB Adapter, Hands-free Bluetooth and Destination charges.
... So all you are getting is the premium package then, since all of those other "features" come standard (at least they do on the 3 series, if we are stuck with MT, no free USB adapter or standard bluetooth in 2014, then they've made a huge mistake)
.
Quote:
Originally Posted by basiluf View Post
A lease is based on residual value and money factor. All BMWs currently have the same money factor, but the 2 series has a slightly higher residual value, 62% versus 61%. The huge difference is that the 328i has $2k in incentives this month, while the 2 series has $0 in incentives since it's a new car. That's the difference in lease prices right now.
I'm well aware how the leasing calculation works, but thank you for laying that out. Point is, MF, residual and incentives aside, the payment should still be competitive, and it's not really stunning to any extent.

Quote:
Originally Posted by wdeerfield View Post
More than likely the LCI F30 (coming in late 2015) will have a higher price, so they are offering attractive deals on leasing current F30s to move inventory.
Even the 2013's (second model year, full one since 2012 was a short production run) were leasing out at $349, so there's still quite a variance for an inferior vehicle.

------------------------------------------------------------------------------------

Not trying to start a war, but I assumed they'd want these 2 series pushed aggressively as it's a new line (rebadged 1, but America doesn't understand this). M235 seems like a solid deal, but the 228 isn't competitive as presented on the website.
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      02-18-2014, 10:19 AM   #60
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not bad at all, with loyalty and euro delivery you can get a very good price on this
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      02-18-2014, 11:36 AM   #61
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Kinda off topic but is gap insurance included in every BMW lease?
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      02-18-2014, 11:46 AM   #62
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Quote:
Originally Posted by maxdriver View Post
I am currently leasing. I also did the 7 security deposits and no additional downpayment...(n/c the doc. and acquisition fee)

Only problem with the multiple security deposits, is if at any point you need to get out of your lease and transfer it to someone else, well, you're screwed. Not a whole lot of people in my experience want to pay the large sum of MSD's.
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      02-18-2014, 11:47 AM   #63
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Quote:
Originally Posted by xlover View Post
Kinda off topic but is gap insurance included in every BMW lease?
Yessssir! That has been my experience.
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      02-18-2014, 11:58 AM   #64
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no down...drive away..like the VW..and then super high monthly payments...just wait to you apply for a new loan or refi...your out of luck..but can always live in the back seat..its bigger now...LOL..
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      02-18-2014, 12:23 PM   #65
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Just spoke with my dealer on a different topic and we ran the numbers a few different ways.

If you do the $3K down, you save right around $300 total over the life of the lease. Granted I didn't NPV any of this so we're assuming $1 in 3 years is the same value as $1 today, but whatever the numbers aren't huge. In any event, risking the $3K to save $300, as others have mentioned, doesn't seem like a wise idea.

Alternatively, no $ down the MSP options is $4K, roughly, and saves you $1K over the life of the lease.
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      02-18-2014, 01:59 PM   #66
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the price is not that attractive!
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