THE LARGEST BMW 2-SERIES FORUM ON THE PLANET
2Addicts
2Addicts
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
2Addicts | BMW 2-Series forum BMW 2 Series (F22) Forum 2 Series Pricing, Ordering, European Delivery What do you think of these lease?

Post Reply
 
Thread Tools Search this Thread
      10-02-2018, 04:53 PM   #1
chiefneil
Lieutenant Colonel
United_States
772
Rep
1,503
Posts

Drives: 2014 335i M-Sport
Join Date: Sep 2013
Location: Arizona

iTrader: (0)

What do you think of these lease?

I usually just buy my cars outright, but was looking at lightly used 230i's and came across this one that looks like a dealer loaner/demo with 4k miles. What do you think? Up-front payment too high? I really know very little about leasing so welcome some input.

KBB puts a CPO 2018 230i stripper in the 30-33k range for the general area where this particular example is located.

LEASE THIS 2018 230 COUPE FOR ONLY $298 A MONTH PLUS TAX. LEASE IS BASED ON 36 MONTHS, 10K MILES A YEAR, $3888 TOTAL DUE AT SIGNING AND ON APPROVED CREDIT.

https://cpo.bmwusa.com/used/2018-BMW...9235?zip=90024

Year: 2018
Make: BMW
Model: 230i
Price: $31,488
Mileage: 4,021
FEATURED OPTIONS
17" light alloy wheels
Chrome Line Exterior
Power Front Seats
Black High-gloss Trim
Park Distance Control
Appreciate 0
      10-05-2018, 10:58 AM   #2
CAMOETO
First Lieutenant
140
Rep
381
Posts

Drives: 2017 m240i
Join Date: Sep 2010
Location: SE MI

iTrader: (2)

Hard to tell with the pricing/leasing/incentive thread now gone, but this looks to be about a ~$37k MSRP car. The BMW CPO site list the price for purchase as $30,588.

These get 10-12% off MSRP brand new if you qualify for all current incentives, so you could conceivably get the same car brand new for ~$33.5k. This means that the discount for it being 1 year used and having 4k miles is only about $3k, and you loose about a year of warranty since it's not CPO. If purchasing this configuration, I would buy a new 2019 over this specific example.

Regarding the lease, once again it's hard to tell without having the latest lease numbers (money factor/residual/lease incentives), but I never get leases with down payments. It simply makes very little sense to do that as it provides no to very little discount overall to do a down payment on a lease, but the downsides are that your down payment is basically unrecoverable in case you get in a total loss during your lease and that money isn't available for your to invest.

If you add up the monthly payments and the amount due at signing and divide by 36 to come up with a real monthly payment, this lease will cost you ~$386/month + tax. This seems like a good deal, and probably cheaper than what leasing a non-demo would cost you, but then you have to remember that in reality this is a 1 year used car. If this configuration works for you, you could always try to haggle with them further and see if you can get a better deal for it since they are trying to push the 2018 demos out the door around this time of the year.
__________________
Current: 2019 640i GT, 2019 MX-5 GT-S, 2015 X1 xDrive35i

Gone, but not forgotten: 2017 m240i, 2016 GTI PP, 2013 Camaro SS, 2009 G8 GXP, 2008 G8 GT, 2007 335i, 2003 530i
Appreciate 1
chiefneil771.50
      10-21-2018, 09:25 PM   #3
rainfall
First Lieutenant
162
Rep
395
Posts

Drives: A
Join Date: Feb 2016
Location: West coast

iTrader: (0)

I think this one is priced too high for the price you would be paying. If you consider the 3888 upfront is like lowering down your monthly payments, that's like 108 additional per month

The lower mileage is definitely attractive, but I wouldn't get this one for this price. this is definitely a nice car, but I would pass.
Appreciate 0
      10-22-2018, 09:43 AM   #4
chiefneil
Lieutenant Colonel
United_States
772
Rep
1,503
Posts

Drives: 2014 335i M-Sport
Join Date: Sep 2013
Location: Arizona

iTrader: (0)

Thanks for the feedback guys, I appreciate it.
Appreciate 0
      11-16-2018, 06:23 AM   #5
james.edgar
New Member
0
Rep
5
Posts

Drives: Midnight Blue M4
Join Date: Nov 2018
Location: Cali

iTrader: (0)

Like others have said, a bit hard to say but seems pretty high to me.
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 12:24 AM.




2addicts
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST