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2014 BMW 3-Series Lease Questions

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  • kyfdxkyfdx Posts: 30,594

    @samoson said: Can anyone solidly tell me if I lease a car from a NJ or Conn. Dealer but register car in NY, will I be able to take advantage of MSD's? A sales guy in NY told me absolutely not.

    Plenty of anecdotal evidence of NY residents using MSDs on leases from dealers in New Jersey. Can't say I remember any from Connecticut dealers, though.

    What did you expect the NY sales guy to say? :)

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  • arexreearexree Posts: 23

    Hi Michaell / kyfdx,

    I visited one dealer and received the below offer on a new 2014 BMW 328XI for 10k miles/36 months lease. I will be visiting a competing dealership tomorrow and see if they can beat it. Could you let me know if you think the below is fair?

    1. MSRP: $47,000 / 2. Sale Price: $42,500 (have to re-confirm this, but they wouldn't meet me at the sweet spot of 7% discount from MSRP + $2K build out cash) / 3. MF: 0.00081 (7 MSDs at $450 per) / 4. Residual: 64% / 5. Acquisition Fee: $925 / 6. DMV Fees: $170 / 7. Doc Fees: $349 / 8. Tax on Fees: $92.20

    Monthly Payment: $427.15 Total Due at Signing: $1,971.35 (First month's payment, all the fees including acquisition)

    Thanks as always.

  • MichaellMichaell ColoradoPosts: 7,389

    @arexree said: Hi Michaell / kyfdx,

    I visited one dealer and received the below offer on a new 2014 BMW 328XI for 10k miles/36 months lease. I will be visiting a competing dealership tomorrow and see if they can beat it. Could you let me know if you think the below is fair?

    1. MSRP: $47,000 / 2. Sale Price: $42,500 (have to re-confirm this, but they wouldn't meet me at the sweet spot of 7% discount from MSRP + $2K build out cash) / 3. MF: 0.00081 (7 MSDs at $450 per) / 4. Residual: 64% / 5. Acquisition Fee: $925 / 6. DMV Fees: $170 / 7. Doc Fees: $349 / 8. Tax on Fees: $92.20

    Monthly Payment: $427.15 Total Due at Signing: $1,971.35 (First month's payment, all the fees including acquisition)

    Thanks as always.

    Using your numbers, I get a pre-tax payment of $403.79, so the offer of $427.15 seems right, depending on your tax rate.

    Seems a fair deal.

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  • cocococococo Posts: 7

    I saw many people posted the amount due at signing to be only the first month payment plus all fees. But don't we need to pay 7 MSDs upfront (due at signing) as well? Thanks again!

  • edsmed1edsmed1 Posts: 8
    Hello,

    Can somebody confirm the residual on a 2014 328gt x drive gt?

    Thanks in advance.
  • edsmed1edsmed1 Posts: 8
    null
    Sorry, it's for a 3 year/12 know mile lease.
  • MichaellMichaell ColoradoPosts: 7,389

    @edsmed1 said: Hello,
    Can somebody confirm the residual on a 2014 328gt x drive gt? 3 years, 12K
    Thanks in advance.

    .00130 MF and 63%. $1000 build out credit.

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  • oofieoofie Posts: 10
    edited August 26

    Might pull the trigger on this one:

    2014 AW 328i - M Sport - Lighting package - moonroof - Tech package - driver assist - heated front seats - black kidney grills

    MSRP - $48500

    Selling for $43990

    less $2000 build out cash & $1000 un4gettable drive

    MF: .00081

    RV: 63%

    New selling price: $40990

    36 month lease / 10k miles / 3 years

    $4100 drive off (incl 1st month payment and $3150 in MSD's)

    $406 / month incl tax (8.5%)

    What do you guys think?

  • arexreearexree Posts: 23
    edited August 26

    @oofie said: Might pull the trigger on this one:

    2014 AW 328i - M Sport - Lighting package - moonroof - Tech package - driver assist - heated front seats - black kidney grills

    MSRP - $48500

    Selling for $43990

    less $2000 build out cash & $1000 un4gettable drive

    MF: .00081

    RV: 63%

    New selling price: $41990

    36 month lease / 10k miles / 3 years

    $4100 drive off (incl 1st month payment and $3150 in MSD's)

    $406 / month incl tax (8.5%)

    What do you guys think?

    Wow. In what state did you get a deal like that? I'm barely able to negotiate with the dealers down 5.5% off MSRP in CT (not including the build out cash). That's a crazy good discount for the selling price.

  • oofieoofie Posts: 10

    @arexree said: Wow. In what state did you get a deal like that? I'm barely able to negotiate with the dealers down 5.5% off MSRP in CT (not including the build out cash). That's a crazy good discount for the selling price.

    I'm in San Francisco, California. At first I wasn't sure if it was a good deal as I've heard that for 2014 model, expect to get 10-12% off MSRP + any incentives. But as I've been in touch with several dealers, getting to 10% is already difficult. I asked if I can get it for $40700 which would make my payments $399 with tax.

  • arexreearexree Posts: 23

    @Michaell said: Seems a fair deal.

    Thanks Michaell. What are your thoughts on the Excess Wear & Use Protection offered on BMW leases? Worth the cost? The dealer wants to charge me $1,295 for the policy which covers $5,000 worth of non-body work damages. It also covers tires and possibly rims (have to confirm). Thanks.

  • kyfdxkyfdx Posts: 30,594

    @arexree said: Thanks Michaell. What are your thoughts on the Excess Wear & Use Protection offered on BMW leases? Worth the cost? The dealer wants to charge me $1,295 for the policy which covers $5,000 worth of non-body work damages. It also covers tires and possibly rims (have to confirm). Thanks.

    It's a great deal.. for the dealer and the insurance company.

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  • dangoldsdangolds Posts: 11

    @oofie said: Might pull the trigger on this one:

    2014 AW 328i - M Sport - Lighting package - moonroof - Tech package - driver assist - heated front seats - black kidney grills

    MSRP - $48500

    Selling for $43990

    less $2000 build out cash & $1000 un4gettable drive

    MF: .00081

    RV: 63%

    New selling price: $40990

    36 month lease / 10k miles / 3 years

    $4100 drive off (incl 1st month payment and $3150 in MSD's)

    $406 / month incl tax (8.5%)

    What do you guys think?

    I think it's a great deal and you should absolutely do it.

  • edsteeledsteel Posts: 3

    I recently got this quote but from information on this forum, I think it may not be good deal.

    2014 328 xi M Sport, Premium, Cold Weather, Lighting MRSP 49225 Selling Price 45500

    MF 0.0016 RV 0.64

    36 month lease/ 10k miles

    Customer Cash 2500

    $512 a month including tax

    Am I wrong?

  • MichaellMichaell ColoradoPosts: 7,389

    @edsteel said: I recently got this quote but from information on this forum, I think it may not be good deal.

    2014 328 xi M Sport, Premium, Cold Weather, Lighting MRSP 49225 Selling Price 45500

    MF 0.0016 RV 0.64

    36 month lease/ 10k miles

    Customer Cash 2500

    $512 a month including tax

    Am I wrong?

    Base MF is .00130, so your dealer is marking that up on you.

    With your numbers, I get $511.98 before tax. Does the selling price include all the upfront taxes?

    If I reduce the MF to .00130, the payment drops to $488.88/mo

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  • aitrus03aitrus03 Posts: 20
    edited August 26

    Im having a really difficult time with the dealers here in Florida. I'm trading a lease for 15k to the dealer with a 21k payoff. I am covering the 6k negative with cash. This washes out my trade but I should still have a tax credit going to a new lease.

    The MSRP of the 2014 328i I am looking for is about 48,450. I'm asking for them to discount the car 3450 and then apply the 2k BMW cash, a 2K USAA incentive, and a 1k College grad incentive to bring it down to 40,000. I adjusted the cap upwards to allow for acq fee of 725, dealer fee of 500, and I allowed an extra 1k for title/reg/misc fees. Using the .0013MF and 60% residual for a 36/15 term, I am coming up with 457 pretax or 485 which includes 6% tax for the monthly payments.

    Am I missing something? The dealers are acting like I am way out in left field, telling me that the incentives cant be combined, or that the incentive amounts aren't correct or doesn't give that much etc. Then they go on to tell me that they are trying to make a profit, there is little markup in the cars, and that this is BMW, therefor you must pay to play.

    Please help! Thanks everyone.

    EDIT: After some research, the 2k USAA rebate may only be 500 for leases. Yet to confirm.

  • edsteeledsteel Posts: 3

    @Michaell said: If I reduce the MF to .00130, the payment drops to $488.88/mo

    Thanks for responding Michaell

    I do not think that the selling price includes upfront taxes. Looking at this worksheet they gave me, it says the Gross Cap Cost is 45675.

    Also, it looks like the tax was calculated at 6% of the Base Monthly payment of 487.51.

    Other than the higher MF, is the selling price being 3725 less than MRSP appropriate? Looking at prior post, people seem to report higher discounts.

  • samosonsamoson Posts: 5

    If I am a new BMW customer am I eligible for the $2000 build out cash? Is this rebate and the $1000 un4gettable rebate taxable? i live in new york if that matters....thanks...these forums have really opened my eyes and smartened me up

  • MichaellMichaell ColoradoPosts: 7,389

    @samoson said: If I am a new BMW customer am I eligible for the $2000 build out cash? Is this rebate and the $1000 un4gettable rebate taxable? i live in new york if that matters....thanks...these forums have really opened my eyes and smartened me up

    I believe the incentives are taxable as hey represent cash.

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  • MichaellMichaell ColoradoPosts: 7,389

    @aitrus03 said: Im having a really difficult time with the dealers here in Florida. I'm trading a lease for 15k to the dealer with a 21k payoff. I am covering the 6k negative with cash. This washes out my trade but I should still have a tax credit going to a new lease.

    The MSRP of the 2014 328i I am looking for is about 48,450. I'm asking for them to discount the car 3450 and then apply the 2k BMW cash, a 2K USAA incentive, and a 1k College grad incentive to bring it down to 40,000. I adjusted the cap upwards to allow for acq fee of 725, dealer fee of 500, and I allowed an extra 1k for title/reg/misc fees. Using the .0013MF and 60% residual for a 36/15 term, I am coming up with 457 pretax or 485 which includes 6% tax for the monthly payments.

    Am I missing something? The dealers are acting like I am way out in left field, telling me that the incentives cant be combined, or that the incentive amounts aren't correct or doesn't give that much etc. Then they go on to tell me that they are trying to make a profit, there is little markup in the cars, and that this is BMW, therefor you must pay to play.

    Please help! Thanks everyone.

    EDIT: After some research, the 2k USAA rebate may only be 500 for leases. Yet to confirm.

    Dealers do exist to make money - either by inflating the MF or by not discounting the car as much. You may have to reduce the amount of discount before applying the incentives. There will be a point where a dealer agrees.

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  • MichaellMichaell ColoradoPosts: 7,389

    @edsteel said:

    5-7% off sticker is about right.

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  • arexreearexree Posts: 23
    edited August 27

    Hi Michaell / kyfdx,

    I finally signed a deal on a 2014 328xi (black sapphire metallic/beige interior). I just want to thank you guys for all your help over the past couple months as I would not have properly navigated through the leasing process without your help and expertise. I may have been able to get a few dollars off the final monthly payment but wanted to get something signed before labor day.

    Here's my deal for a 2014 328xi (10k miles / 36 month) with cold weather, premium, and navigation packages:

    MSRP: 47,000 / Sales Price: 42,000 / MF: 0.00081 (with 7 MSDs) / Residual: 64%

    Total Monthly Payment: $414.22 / Amount Due as Signing: $1,912.69 (includes first month's payment, $725 acquisition fee, $684 doc/license/registration fee, and $89.47 taxes on fees)

    I maybe should have rolled the acq. fee into the monthly but forgot to mention that, and I'm probably going to opt out of the lease protection warranty per kyfdx's recommendation. Anyways, I'm pretty happy with the deal with 6.3% discount from MSRP + incentives on the selling price.

    Again, thanks for everything.

  • MichaellMichaell ColoradoPosts: 7,389

    @arexree said: Hi Michaell / kyfdx,

    I finally signed a deal on a 2014 328xi (black sapphire metallic/beige interior). I just want to thank you guys for all your help over the past couple months as I would not have properly navigated through the leasing process without your help and expertise. I may have been able to get a few dollars off the final monthly payment but wanted to get something signed before labor day.

    Here's my deal for a 2014 328xi (10k miles / 36 month) with cold weather, premium, and navigation packages:

    MSRP: 47,000 / Sales Price: 42,000 / MF: 0.00081 (with 7 MSDs) / Residual: 64%

    Total Monthly Payment: $414.22 / Amount Due as Signing: $1,912.69 (includes first month's payment, $725 acquisition fee, $684 doc/license/registration fee, and $89.47 taxes on fees)

    I maybe should have rolled the acq. fee into the monthly but forgot to mention that, and I'm probably going to opt out of the lease protection warranty per kyfdx's recommendation. Anyways, I'm pretty happy with the deal with 6.3% discount from MSRP + incentives on the selling price.

    Again, thanks for everything.

    Excellent deal! Glad we could be of help.

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  • wheelson8wheelson8 Posts: 11

    can someone tell me the residual and money factor for a 2014 328xi. 36 months at 12k miles? any rebates or incentives offered in August? Thanks

  • lrr2lrr2 Posts: 5
    edited August 27

    Can I get your thoughts on the deal below -

    2014 red 328xi ex-loaner with the nav MSRP $44,275 ($43,350 +$925 Acq)

    • Selling Price $39,173 with approx. 4243 miles on it
    • MF .00160
    • Residual 61% or $26259
    • Acq Fee $925
    • Other Fees due at signing, money due at signing $2,573 (includes 1st payment $474.97, $1700 down , $293.50 doc and title fee & $104.75 tax on the money down).

    $529/mo with $804 due at signing or $475/mo with $2574 due at signing. This is 15,000 miles/year and 36 month lease

  • aitrus03aitrus03 Posts: 20

    Thanks for getting back to me Michael. Thoughts on this deal?

  • MichaellMichaell ColoradoPosts: 7,389

    @wheelson8 said: can someone tell me the residual and money factor for a 2014 328xi. 36 months at 12k miles? any rebates or incentives offered in August? Thanks

    .00130 and 63%. $2000 build out cash this month.

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  • MichaellMichaell ColoradoPosts: 7,389

    @lrr2 said: Can I get your thoughts on the deal below -

    2014 red 328xi ex-loaner with the nav MSRP $44,275 ($43,350 +$925 Acq)

    • Selling Price $39,173 with approx. 4243 miles on it
    • MF .00160
    • Residual 61% or $26259
    • Acq Fee $925
    • Other Fees due at signing, money due at signing $2,573 (includes 1st payment $474.97, $1700 down , $293.50 doc and title fee & $104.75 tax on the money down).

    $529/mo with $804 due at signing or $475/mo with $2574 due at signing. This is 15,000 miles/year and 36 month lease

    Base MF is .00130, so the dealer is marking that up on you.

    Using the $43,350 MSRP and $39,173 selling price with 61% and .00160, I get a pre-tax payment of $458.58. If I reduce the MF to the base of .00130, the payment drops to $438.90.

    Both of these are with $0 cap cost reduction - only up front out of pocket costs are first payment, doc and title fee and acq fee.

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  • lrr2lrr2 Posts: 5

    Thanks. I am just wondering about the selling price considering there is $2000 build out cash and 4500 miles on the car.

  • MichaellMichaell ColoradoPosts: 7,389

    @lrr2 said: Thanks. I am just wondering about the selling price considering there is $2000 build out cash and 4500 miles on the car.

    The miles will affect the residual as well as the selling price. Usually, BMW charges $.20-.30/mile for leases on demos.

    Use the shopping tools at the top of the page to determine the target selling price and incentives available.

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