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03-19-2008, 01:36 PM | #1 |
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third party lease company/bank
I have started shopping around for a third party lease company... so far I am unable to find anyone who does it.
Anyone have any ideas about where I should be calling? thanks. |
03-19-2008, 01:44 PM | #2 |
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im trying a whole bunch of them. leasecompare.com seems the most legit so far. there's a few local ones, but for the M3 banks have not released residuals as of last week, so no one was able to give me an accurate quote yet.
they should be able to compete with BMWFS despite their low residual (good for opting to buy the car at the end). Wells Fargo, US Bank, Bank of America offer leases, but you have to call them and see what they come up with. Wachovia in east coast too. also this person is helping me out too Abel Tenorio Signature Auto Leasing Operations Manager 800-213-7971 X19 512-563-3189 Cell 512-467-8186 Fax www.signatureautoleasing.com another person is: Brad Butler Fairlease 972 664-1088 and definitely leasecompare.com |
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03-19-2008, 02:07 PM | #5 | |
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03-19-2008, 02:09 PM | #6 |
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just FYI if you do not have enough time to wait on indie companies. make sure when you are going to pick up your car to get rates from other lenders.
it's the finance manager's job to provide you with options such as US Bank for instance, and Wells Fargo. it's their job to do it, they might get lazy or refuse to do it, but pressure them. they have to do it. |
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03-19-2008, 02:22 PM | #7 |
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Do you guys think that the lease rates from third parties will be much lower? I can't see how that would happen if all variables are the same. How much lower a payment would you get from a third party theoritically? Any guesses?
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2019 M5 Competition / Acquired: 04.12.2021
2020 VW Atlas / Acquired 03.15.2020 2023 X7 M-Sport / Acquired: 11.19.2022 Retired: 2011 E90 ZCP M3, 2014 Range Rover Sport, 2006 Audi S4 V8, 2011 E92 ZCP M3, 2011 BMW X3, 2009 Infiniti G37S Coupe, 2006 Audi A4 S-Line 2.0T, 2008 E92 335i, 2005.5 Audi S4 V8, 1990 E30 325is |
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03-19-2008, 02:28 PM | #8 | |
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how much different, that's what i need to know. i dont expect something like waaay crazy. but like for my 335 i got a quote from BMWFS for 775, the lease company quoted me like 675. |
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03-19-2008, 02:30 PM | #9 |
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By variables I meant- cash out of pocket, gg tax etc. I understand that the MF/residual will probably be different but, is it meaningful enough to provide a substantial reduction in monthly payment?
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2019 M5 Competition / Acquired: 04.12.2021
2020 VW Atlas / Acquired 03.15.2020 2023 X7 M-Sport / Acquired: 11.19.2022 Retired: 2011 E90 ZCP M3, 2014 Range Rover Sport, 2006 Audi S4 V8, 2011 E92 ZCP M3, 2011 BMW X3, 2009 Infiniti G37S Coupe, 2006 Audi A4 S-Line 2.0T, 2008 E92 335i, 2005.5 Audi S4 V8, 1990 E30 325is |
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03-19-2008, 02:31 PM | #10 |
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i had this discussion with them, they were like why do you care about those variables as long as you have a lower payment having down payment fixed. so im just holding that off until i hear real numbers.
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03-19-2008, 02:41 PM | #11 |
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Gotchya- for a $65k car I think $900-1000 is reasonable with $4k total out of pocket- I don't think we'll be able to get the car below that whether it's from a third party now or from BMWFS a couple of years from now if they change the MF/RV. What do u think?
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2019 M5 Competition / Acquired: 04.12.2021
2020 VW Atlas / Acquired 03.15.2020 2023 X7 M-Sport / Acquired: 11.19.2022 Retired: 2011 E90 ZCP M3, 2014 Range Rover Sport, 2006 Audi S4 V8, 2011 E92 ZCP M3, 2011 BMW X3, 2009 Infiniti G37S Coupe, 2006 Audi A4 S-Line 2.0T, 2008 E92 335i, 2005.5 Audi S4 V8, 1990 E30 325is |
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03-19-2008, 08:15 PM | #12 | |
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Quote:
Adam |
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03-20-2008, 12:16 AM | #15 |
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this is what my dealer offered me on a 66k M3 coupe
The following scenarios are with $3k due at lease signing: 36 months, 12k miles, $1087 + tax 36 months, 15k miles, $1121 + tax 42 months, 12k miles, $1044 + tax 42 months, 15k miles, $1073 + tax |
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03-20-2008, 12:06 PM | #16 |
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just got some third party quotes. This is what I have been offered:
36/12k .00228 money factor 53% residual 24/12k .00284 money factor 63% residual this is compared to the BMWFS offer of: 36/12k .00275 money factor 53% residual 24/12k .00275 money factor 64% residual Looks like i may be going third party here. The residual is the same on 36k, but the money factor is much better. |
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03-20-2008, 12:11 PM | #18 |
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i actually think i misquoted the residual from BMWFS, i believe those numbers are for 15K/mo. Can someone confirm that? If so, they should both be +2% which would make it:
36/12k .00275 money factor 55% residual 24/12k .00275 money factor 66% residual and if that is the case it may very well negate the better money factor. |
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03-20-2008, 01:00 PM | #22 |
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So it looks like 12k/24mo on a 65k E92 M3 from a 3rd party could be in the $900-1000 range w/3-4k out of pocket. That's good news! Also- 200th post!
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2019 M5 Competition / Acquired: 04.12.2021
2020 VW Atlas / Acquired 03.15.2020 2023 X7 M-Sport / Acquired: 11.19.2022 Retired: 2011 E90 ZCP M3, 2014 Range Rover Sport, 2006 Audi S4 V8, 2011 E92 ZCP M3, 2011 BMW X3, 2009 Infiniti G37S Coupe, 2006 Audi A4 S-Line 2.0T, 2008 E92 335i, 2005.5 Audi S4 V8, 1990 E30 325is |
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