Is this unreasonable?

Jorge18 · 11-13-2008, 01:02 PM

I'm looking into leasing a 328i (or a 335i) coupe. And these are the terms i'm looking at getting.

I currently own a 2005 TL, which I will be trading in. I owe about 20k on it.

I want to get the BMW with no money down, and pay about $450. Is this going to be possible, or am I just wasting my time?

cardsdoc · 11-13-2008, 01:14 PM

Quote:

Originally Posted by Jorge18

I'm looking into leasing a 328i (or a 335i) coupe. And these are the terms i'm looking at getting.

I currently own a 2005 TL, which I will be trading in. I owe about 20k on it.

I want to get the BMW with no money down, and pay about $450. Is this going to be possible, or am I just wasting my time?

A 328 coupe with no options may be close if you get a good deal, but otherwise probably not.

noro · 11-13-2008, 01:24 PM

I got my wife's 328i 4dr for 425/mo including 5% state sales tax. We payed $800 when we picked the car up and that includes the 1st mo payment.

BK · 11-13-2008, 01:27 PM

Yes, it's very possible, if you finance for 15 years.

Oh wait, you said lease. Forget my smart-ass comment. As for your trade-in, an 05 TL is only worth about $20K, isn't it? Maybe even less than that. I wouldn't count on it helping matters much.

Orient330iNYC · 11-13-2008, 01:49 PM

i'm guessing the trade in value of the TL is going to be about 15-17K, so you have 5-3k of negative equity.

rolling that into a lease, you're already looking at ~150-80 a month extra just to take care of the negative equity.

Xiaofeng · 11-13-2008, 02:37 PM

KBB estimates the trade-in for a pristine condition 2005 TL to be around $19k maximum. If you owe over $20k on it, you're already upside-down on the car, and the negative equity will be rolled over to your new payment.

Looking at the BMW website, even a stripped E92 328i with zero options runs over $525 a month for 36 months at only 10k miles per year, and that's with no down payment and assuming the dealer would pay off your current vehicle in full with no cost to you, which is extremely unlikely.

If you go for a used 07 or 08 328i model, you might have better luck. If you're looking for a 335i, it's probably not going to happen.

Seminole · 11-13-2008, 02:57 PM

Yes it is unreasonable. It doesn't matter how bad things are right now, no dealer is going to give you that kind of deal.

awei130 · 11-13-2008, 03:14 PM

highly unlikely

11-13-2008, 01:02 PM	#1
Jorge18 Registered 0 Rep 1 Posts Drives: Acura TL Join Date: Nov 2008 Location: Miami, Fl. iTrader: (0)	Is this unreasonable? I'm looking into leasing a 328i (or a 335i) coupe. And these are the terms i'm looking at getting. I currently own a 2005 TL, which I will be trading in. I owe about 20k on it. I want to get the BMW with no money down, and pay about $450. Is this going to be possible, or am I just wasting my time?
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11-13-2008, 01:24 PM	#3
noro Colonel 90 Rep 2,707 Posts Drives: '91 M3, '04 E46 ZHP, '72 2002 Join Date: Aug 2006 Location: Boston iTrader: (0)	I got my wife's 328i 4dr for 425/mo including 5% state sales tax. We payed $800 when we picked the car up and that includes the 1st mo payment. __________________ zhpregistry.net - ZHP stats and free classifieds.
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11-13-2008, 01:27 PM	#4
BK Smiling politely 165 Rep 7,931 Posts Drives: 330i Join Date: Feb 2006 Location: Washington DC iTrader: (0) Garage List 2006 330i [9.00]	Yes, it's very possible, if you finance for 15 years. Oh wait, you said lease. Forget my smart-ass comment. As for your trade-in, an 05 TL is only worth about $20K, isn't it? Maybe even less than that. I wouldn't count on it helping matters much. __________________ E90 330i Black Sapphire 6MT \| 991.1 C4 Platinum Silver 7MT
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11-13-2008, 01:49 PM	#5
Orient330iNYC Brigadier General 1469 Rep 3,552 Posts Drives: 2023 X7 40i Join Date: Apr 2007 Location: Wall St iTrader: (2)	i'm guessing the trade in value of the TL is going to be about 15-17K, so you have 5-3k of negative equity. rolling that into a lease, you're already looking at ~150-80 a month extra just to take care of the negative equity. __________________ Present: 2023 G07 40i ZDH/ZDU/ZMP/ZMQ/2NH/ZPK/ZPP/ZRC/300/3AC Past: 2013 335i 6MT ZMM/ZDH/ZTP/3AG/494/508 Past: 2016 F34 335i xDrive ZCW/ZDA/ZDH/ZTP/ZMP/2V5/5DL Past: 2019 G01 M40i ZDA/2VF/ZPP/ZPX/688/3AC
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11-13-2008, 02:37 PM	#6
Xiaofeng Captain 35 Rep 712 Posts Drives: 2007.5 E90 335xi Montego/Lemon Join Date: Jul 2007 Location: Colorado iTrader: (1) Garage List 2007 E90 335xi [0.00] 1991 325iX [0.00]	KBB estimates the trade-in for a pristine condition 2005 TL to be around $19k maximum. If you owe over $20k on it, you're already upside-down on the car, and the negative equity will be rolled over to your new payment. Looking at the BMW website, even a stripped E92 328i with zero options runs over $525 a month for 36 months at only 10k miles per year, and that's with no down payment and assuming the dealer would pay off your current vehicle in full with no cost to you, which is extremely unlikely. If you go for a used 07 or 08 328i model, you might have better luck. If you're looking for a 335i, it's probably not going to happen. __________________
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11-13-2008, 02:57 PM	#7
Seminole Colonel 448 Rep 2,032 Posts Drives: Red Flyer Join Date: Aug 2008 Location: 38.8977° N, 77.0366° W iTrader: (2) Garage List 2008 E90 328i [7.00]	Yes it is unreasonable. It doesn't matter how bad things are right now, no dealer is going to give you that kind of deal. __________________
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11-13-2008, 03:14 PM	#8
awei130 Banned 209 Rep 2,492 Posts Drives: E46, E92, 987 Join Date: Jun 2008 Location: SOCAL iTrader: (19)	highly unlikely
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