New 2009 2010 BMW Z4 - ZPOST
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   New 2009 2010 BMW Z4 - ZPOST > BIMMERPOST Universal Forums > General BMW News and Cars Discussion

Post Reply
 
Thread Tools Search this Thread
      07-29-2019, 07:24 AM   #1
ASAP
Bavarian Motor Works
ASAP's Avatar
No_Country
2463
Rep
4,302
Posts

Drives: Walking Everywhere
Join Date: Sep 2012
Location: USA

iTrader: (0)

Are BMW leases significantly less attractive today than in the past?

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.
Appreciate 1
      07-29-2019, 09:16 AM   #2
Chihuahua
Colonel
Chihuahua's Avatar
1293
Rep
2,081
Posts

Drives: BMW
Join Date: May 2012
Location: Tampa Bay, FL

iTrader: (0)

Who the heck drives just 7500 miles in one year? Maybe BMW is targeting the Buick market?
Appreciate 3
ASAP2463.00
Run Silent11143.00

      07-29-2019, 10:03 AM   #3
ASAP
Bavarian Motor Works
ASAP's Avatar
No_Country
2463
Rep
4,302
Posts

Drives: Walking Everywhere
Join Date: Sep 2012
Location: USA

iTrader: (0)

Quote:
Originally Posted by Chihuahua View Post
Who the heck drives just 7500 miles in one year? Maybe BMW is targeting the Buick market?
I don't know, it seems to be a setup to get you in the door...
Appreciate 0
      07-29-2019, 10:16 AM   #4
NickyC
Major General
NickyC's Avatar
4944
Rep
5,485
Posts

Drives: YMB M4, has a roof though. :(
Join Date: Nov 2010
Location: Somewhere I don't want to be

iTrader: (17)

Quote:
Originally Posted by Chihuahua View Post
Who the heck drives just 7500 miles in one year? Maybe BMW is targeting the Buick market?
Hello there, I work from home.

But I get what you're saying, 7500 miles a year is a complete joke if you have even a short commute. Working from home I still average 5500-6500 per year.
Appreciate 1
sikotic55.00

      07-29-2019, 11:19 AM   #5
The HACK
Midlife Crises Racing Gold Chain Class
The HACK's Avatar
1469
Rep
5,176
Posts

Drives: 2006 MZ4C, 2017 Corvette GS
Join Date: Oct 2007
Location: Welcome to Jamaica have a nice day

iTrader: (1)

Quote:
Originally Posted by Chihuahua View Post
Who the heck drives just 7500 miles in one year? Maybe BMW is targeting the Buick market?
There are plenty of people where their BMW is not the PRIMARY vehicle in the garage.
__________________
Sitting on a beat-up office chair in front of a 5 year old computer in a basement floor, sipping on stale coffee watching a bunch of meaningless numbers scrolling aimlessly on a dimly lit 19 monitor.
Appreciate 2
ted9960.00
jmg7032.50

      07-29-2019, 11:21 AM   #6
pz619
Colonel
1837
Rep
2,384
Posts

Drives: F87 M2C
Join Date: Oct 2013
Location: San Diego

iTrader: (0)

7500 isn't necessarily abnormal, especially if you have multiple cars. i3 was returned with 10k on the clock on a 3 year lease.

But to answer the OPs question, yep leases are much worse now. I leased my 3 with 15K/year allowance and 61% residual. Also the i3 was something absurd like 72% (can't remember off the top of my head) for 10k/year. Those days are long gone.
Appreciate 2
ted9960.00
Vervain144.50

      07-30-2019, 11:10 AM   #7
F30ZHP
Major
F30ZHP's Avatar
United_States
665
Rep
1,056
Posts

Drives: 2018 BMW 340i ZHP
Join Date: Mar 2019
Location: Claremont, CA

iTrader: (0)

I average about 10K a year and that is what my lease is for....10K.
__________________

2018 Melbourne Red 340i ZHP
Previous BMW's:
2012 Le Mans Blue 335i Coupe / 1990 Alpine White M3
Appreciate 0
      07-30-2019, 11:28 AM   #8
G35POPPEDMYCHERRY
Colonel
G35POPPEDMYCHERRY's Avatar
No_Country
1869
Rep
2,306
Posts

Drives: Totaled Toyota Celica :((
Join Date: Dec 2015
Location: Trenton, NJ

iTrader: (0)

likely upside down on some models because they diluted their brand
Appreciate 1
NickyC4944.00

      07-31-2019, 10:55 PM   #9
nakamuru
First Lieutenant
42
Rep
312
Posts

Drives: mazda3, vw passat, suzuki vita
Join Date: Jun 2019
Location: seattle

iTrader: (0)

Quote:
Originally Posted by ASAP View Post
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.
I think they do this so that it goes to the cpo section so they can resell the car with low miles
Appreciate 1
vtown56.00

      08-01-2019, 08:05 AM   #10
Mo@BMWofFairfax
Retired BMW Genius
Mo@BMWofFairfax's Avatar
United_States
1837
Rep
3,003
Posts

Drives: 2018 Audi S5 Coupe
Join Date: Apr 2010
Location: DMV

iTrader: (1)

They're not as good as they once were. You can find good deals form time to time though. Like the CS leases that were going for $750/month.
__________________
Quote:
Originally Posted by LucBroDude View Post
TRAITOR.
Quote:
Originally Posted by LucBroDude View Post
TRAITOR.
Appreciate 3
NickyC4944.00
Vervain144.50

      08-01-2019, 12:50 PM   #11
hatepotholez
Captain
208
Rep
933
Posts

Drives: M3
Join Date: Mar 2011
Location: NYC, NY

iTrader: (1)

I remember in the past there used to be much more incentives and rebates, I don't see much of that anymore.
Appreciate 0
      08-01-2019, 01:06 PM   #12
HyeWarrior
Major
673
Rep
1,077
Posts

Drives: 2012 135i DCT
Join Date: Aug 2010
Location: San Dimas, CA

iTrader: (1)

Hence why I just leased an Alfa Giulia. Far better lease deal than any Audi/BMW/Merc
Appreciate 1
ted9960.00

      08-01-2019, 03:28 PM   #13
billnchristy
First Lieutenant
137
Rep
343
Posts

Drives: 2019 X2 m35i
Join Date: Feb 2019
Location: Atlanta

iTrader: (0)

Garage List
In GA they do "owner's choice" which isn't a lease but it's structured as one because here we pay tax on lease too and if you buy you pay again.

The rates when I bought my x2 were over the equivalent of 7% interest when purchasing was .9%

I didn't want to buy per-se, but the "lease" was certainly out of the question.
Appreciate 0
      08-01-2019, 06:45 PM   #14
irishbimmer
Banned
1130
Rep
1,568
Posts

Drives: Silverstone M6 CP, Bulldozer,
Join Date: Sep 2013
Location: Orange County, CA

iTrader: (0)

Quote:
Originally Posted by Mo@BMWofFairfax View Post
They're not as good as they once were. You can find good deals form time to time though. Like the CS leases that were going for $750/month.
Is this referring to an M3CS? If so, that's pretty good!
Appreciate 0
      08-01-2019, 06:59 PM   #15
oolas3
Captain
353
Rep
837
Posts

Drives: BMW
Join Date: May 2015
Location: United States

iTrader: (0)

Yes they are worse. And yes bmw is blowing out the M3 with incredible lease deals. But that’s a unique situation because it’s the end of the model and the new generation will be coming out.
Appreciate 0
      08-01-2019, 11:10 PM   #16
NUTScapes
Brigadier General
NUTScapes's Avatar
United_States
6269
Rep
4,580
Posts

Drives: .
Join Date: Oct 2014
Location: .

iTrader: (0)

My MF in 2015 was around 1% with MSDs. Next go around in 2018 MF jumped to almost 4% no MSDs allowed. Thankfully residuals are still ok and there were good incentives. The future doesn't look great to be honest. MF keeps rising, BMW is losing profits, tariffs and trade wars, increasing pressure to electrify. :
Appreciate 0
      08-02-2019, 08:11 AM   #17
SteveinArizona
Major
United_States
681
Rep
1,476
Posts

Drives: BMW 530e
Join Date: Jul 2016
Location: Greater Phoenix

iTrader: (0)

Quote:
Originally Posted by HyeWarrior View Post
Hence why I just leased an Alfa Giulia. Far better lease deal than any Audi/BMW/Merc
Great looking and driving car. BTW...did you lease two?
Appreciate 0
      08-02-2019, 09:17 AM   #18
xlover
Major
No_Country
572
Rep
1,159
Posts

Drives: 2018 440 xdrive MPPSK
Join Date: Aug 2011
Location: Boston

iTrader: (0)

Garage List
2018 440 xdrive  [0.00]
i think its a fair observation that they have made some adjustments to increase profitability on a per unit basis on leases especially on higher end and higher optioned models...
throughout 2018 they raised the money factor and lowered residual rates across most of the lineup.
They are also making more use of "lease cash" to balance being able to bring the monthly expense down... i think they are doing this for 2 reasons:
1. it aligns the financial hit with the sale date of the car vs inflated residuals hit on the turn in date
2. lease cash to drive sales is a fixed number vs variable based on price... example 2k off a 40k 330 is the same 2k off a 70k M340 whereas if they inflated the residual by another 2% it would result in higher discount on the on the more expensive model.
Appreciate 1
      08-02-2019, 11:02 AM   #19
HyeWarrior
Major
673
Rep
1,077
Posts

Drives: 2012 135i DCT
Join Date: Aug 2010
Location: San Dimas, CA

iTrader: (1)

Quote:
Originally Posted by SteveinArizona View Post
Quote:
Originally Posted by HyeWarrior View Post
Hence why I just leased an Alfa Giulia. Far better lease deal than any Audi/BMW/Merc
Great looking and driving car. BTW...did you lease two?
Two Giulias? Lol nope, just one. But it's only a two year lease, which is exactly what I wanted for the time being
Appreciate 1
ted9960.00

      08-02-2019, 08:13 PM   #20
unfoundnemo
Private First Class
105
Rep
100
Posts

Drives: 2018 M3 (F80 ZCP/DCT)
Join Date: Oct 2017
Location: Pennsylvania

iTrader: (0)

Quote:
Originally Posted by irishbimmer View Post
Is this referring to an M3CS? If so, that's pretty good!
Yep, steep discounts plus one of the highest residuals, quite a few members got sub-$800 deals.
Appreciate 0
      08-04-2019, 06:42 AM   #21
530iDriver
Lieutenant Colonel
530iDriver's Avatar
United_States
960
Rep
1,644
Posts

Drives: 2017 BMW 530i
Join Date: May 2018
Location: Florida

iTrader: (0)

Quote:
Originally Posted by Chihuahua View Post
Who the heck drives just 7500 miles in one year? Maybe BMW is targeting the Buick market?
People that work from home, have extremely short commutes or retired.
__________________
2017 BMW 530i, Sport Line,Alpine White, Canberra Beige Sensatec, 19 inch V-Spoke wheels, basic plain Jane build with no options whatsoever..... "Less is more".

Before: 2011 BMW 328i E90 sedan, Platinum Bronze Metallic, Dakota Brown leather, 17 inch wheels, 6-speed auto, N52 6 Cyl inline N/A goodness....
Appreciate 0
      08-04-2019, 06:43 AM   #22
530iDriver
Lieutenant Colonel
530iDriver's Avatar
United_States
960
Rep
1,644
Posts

Drives: 2017 BMW 530i
Join Date: May 2018
Location: Florida

iTrader: (0)

Quote:
Originally Posted by HyeWarrior View Post
Hence why I just leased an Alfa Giulia. Far better lease deal than any Audi/BMW/Merc
FCA is desperate to give them away...
__________________
2017 BMW 530i, Sport Line,Alpine White, Canberra Beige Sensatec, 19 inch V-Spoke wheels, basic plain Jane build with no options whatsoever..... "Less is more".

Before: 2011 BMW 328i E90 sedan, Platinum Bronze Metallic, Dakota Brown leather, 17 inch wheels, 6-speed auto, N52 6 Cyl inline N/A goodness....
Appreciate 1
F30ZHP664.50

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 05:20 PM.




zpost
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2019, 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