Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





BMW 3-Series Lease Questions

1162163165167168184

Comments

  • First, I am not an expert and just want to post info that I found out at BMW in MV....in the end not very happy with the number_how they calculate and tried to "scam" me.

    BMW, Mountain View, CA

    335i, M Package, Tech, Navigation, Heated Seat, Estoril Blue, Dark Dakota Leather....MSRP $54,220

    Final Price $50500, then I told them I want to lease it for 12K/year with MF .0013 (I believe you can go lower if the dealership is in the need of getting their bonus. The MF .0013 the BMWFS standard charge for lease, and the dealer will try to mark up .0019 to make extra $, DON"T DO IT)

    $50500....Negotiated Price
    $49500...$1000/discount for Recent Grad
    $49000...$500/USAA Member
    $33616...Residual Value
    $725.......Acquisition Fee, the sale manager tried to mark it up to $925
    $1074.....Registration/Initial Fee/Doc fee...
    $5000.....Down Payment

    Then my monthly payment still at $538/month, which equivalent to $23830 for a total lease.

    $725+1074+49000=50799

    (50799 + 33616) *.0013 = 109.8 * 36 = $3950...Rent Charge/Finance Fee

    49000 - 33616 = 15384/36 = $427 Lease Payment a month.

    $427 + $109 = 536 * .08625% = 582/Month

    Above is my calculation and I hope I am right.....$582 *36 = $20973 is Total lease payment with $0 Down.

    The Deal at MV BMW gave me was $538/month with $5000 down which equivalent to $23830

    It's about $2857 different from what I saw when I was at the finance office. I just simple get up and walked out on them, then the finance manager told me "so what would you like your monthly to be". As soon as I heard that phrase, I know right away it's a shady deal.

    I hope this help! Good Luck
  • sdg2013sdg2013 Posts: 3
    The way I understand it is that if you paid 0$ down the acquisition and registration fees would roll into the Cap Cost (financed amount) making it:

    50799 – 33616 = 17183/36 = 477.30
    (50799 + 33616)*.0013 = 109.74
    Which = 587 * 1.08625 = 637.68 * 36= 22956.40

    23830 - 22956.40 = 873.60 different.
    I may be wrong though.
  • Invoice seems like a moving target. After checking Edmunds and other sources my best estimate was about $300 over the Edmunds "invoice" price. Dealers add their overhead and you get into all kinds of disagreements. My method was not rejected by my dealer. I suspect that no one really knows dealer cost since a complicated system of incentives exists. I have found that the last day of the quarter allows all kinds if things to happen if you are ready.

    It would appear the dealer made no money on my deal. however, all were happy, The salesman, the sales manager the FI guy. They even sent chocolate chip cookies in the mail in a BMW tin. Nice touch but all indicates that salaries were paid. No one put in a swimming pool but all were happy.
  • kromixkromix Posts: 13
    edited April 2013
    Invoice is not a moving target. Please visit bmwconfig.com to find your precise invoice price with exact options selected.
  • That site is really easy to navigate. I am sitll curious how, my selling price was less than the invoice amount before my rebates and loyalty discounts.

    BMW has no holdback but I once again suspect hidden incentives at work here?

    Dealer gets the aquisition fee, a sold car, and my lease turn in to sell if they like it.

    Regards
  • nchinchi Posts: 4
    Hi,

    What is the MF and residual % for 36 mo 15k mi /yr lease? Best credit.

    thanks
  • I got this deal from Peter Pan BMW.......Rayman was the sale man for my Vehicle, straight forward no haggling at all when I dealt with him over the phone/email. I just sign the contract when I arrived at the dealership and took the car home

    2013 328i Estoril blue
    M-Sport Package
    Tech Package
    Nav Package
    Dark Dakota leather Seat
    8SPD Auto/Paddle Shift
    BMW Apps
    Driver Assistance Package
    MSRP $49,595

    Raymond told me $44,985 is the lowest the dealer will sell it.... I was like wow straight to price, no haggling, I like it, done! Roughly around $1000 below invoice price.

    Then I have $500 USAA Incentive, $1000 Recent Grad....

    No Down Payment at all....$570 + Tax (15k/yr) 2 yr lease

    Lease the vehicle using Security Deposit Program to buy my MF down to .0008 ( I believe you can get this lower too but i was in need to get a vehicle).

    Good Luck Guys!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi leoblue. BMW made up for at least part of the elimination of the $1,000 credit by boosting the residual values for 3-Series Sedans a little.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • leoblueleoblue Posts: 19
    Thank you very much Car_man. Really appreciate your info.

    Just to make sure I understand correctly:
    - March lease deal 369/month for 36 months for a 328i xDrive with $1000 lease credit (MSRP of $42,845)

    is essentially the same as:
    - April lease deal 369/month for 36 months for a 328i xDrive (MSRP of $42,845) (not stated in the advertisment but residual value was boosted to keep the monthly payment the same)

    Is it correct?
  • kromixkromix Posts: 13
    Based on math, (rounded MSRP)

    if the car is under $50,000 then March's figures look better for a 3 series sedan with $1,000 Lease credit.

    if the car is over $50,000 then April's figures look better for the same car.
  • moorech1moorech1 Posts: 3
    Carman, could you please provide 328 and 335 sedan residuals for April for 12k and 15k miles? Thank you.
  • Can you guys take a look at these #'s and let me know what you guys think? Should I negotiate further?

    This is my first lease - your assistance is greatly appreciated!

    BMW 2013 328i Sedan
    Sport line, Automatic, Premium Package, Tech, Lighting Package
    MSRP $48,895.00

    36 Mo/10k miles per year
    Money Factor 1.29
    Residual Factor 65%

    Selling Price $44,740.00
    Bank Fee $925.00

    Total at drive-off:
    $45,665.00

    Residual Value $31,781.75
    Total Depreciation $13,883.25
    Capital Reduction $0.00
    Monthly Depreciation $385.65
    Monthly Rent $99.91

    Monthly Payment + Tax inc.
    $528.04

    I want to drive off paying only registration and first months payment! I qualify per BMW Financial.
  • Can you take a look at my #'s and let me know what you think? Getting #'s from all over the Bay Area (SF) would appreciate your input.
  • BMW 2013 328i Sedan
    Sport line, Automatic, Premium Package, Tech, Lighting Package
    MSRP $48,895.00

    36 Mo/10k miles per year
    Money Factor 1.29
    Residual Factor 65%

    Selling Price $44,740.00
    Bank Fee $925.00

    Total at drive-off:
    $45,665.00

    Residual Value $31,781.75
    Total Depreciation $13,883.25
    Capital Reduction $0.00
    Monthly Depreciation $385.65
    Monthly Rent $99.91

    Monthly Payment + Tax inc.
    $528.04

    __________________________
    I wouldn't take that deal because I know you can get it lower from MSRP.....Look at my lease deal above.....$570/month for a M package, literally loaded.

    1) you can get the dealer go lower on the MSRP, I got mine 5k off MSRP ( go to peter pan bmw and talk to Raymond, say that Kyle send you)...this guy gave me a straight up deal no haggling at all.

    2) you should do the Multiple Security Deposit will drop your MF from .00129 to .0008....save you at least $1300 on the rent charge. I pay my rent charge only $1302 for 2 year lease with 15k/year.

    IMO, I only like to do 2 year lease with 15K/Year....go to peter pan bro! Highly recommended, I went to 4 dealer in the bay area, they are gave me a run around BS!..

    GOOD LUCK! I hope my answer help you!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Yes, leoblue, BMW's advertised lease payment on the 2013 328xi Sedan is essentially unchanged from March.

    http://www.bmwusa.com/standard/content/Vehicles/2013/3/328ixDriveSedan/OfferDeta- il.aspx?NAModelCode=133U&OfferType=2&regiontypeid=2

    Even though the $1,000 cash incentive went away, BMW boosted its residual values for this car to offset the loss of the cash and keep its advertised payment about the same. BMW plays with the residual values for its vehicles all the time. They are typically significantly higher than what the real residual would be for its models.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to help you out moorech1. BMW Financial Services' April buy rate lease money factor and residual value for a 36-month lease of a 2013 328i Sedan with 15,000 miles per year are .00129 and 62% for consumers who qualify for its top credit tiers.

    The numbers for an otherwise identical lease of a 2013 335i Sedan are .00129 and 62%, interestingly exactly the same.

    If you were to lease either of these cars with only 12,000 miles per year, its residual value would be 2% higher.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • carguy778carguy778 Posts: 33
    edited April 2013
    According to the above lease deal the residual value of $31785 for 3 series I have calculated some numbers.

    For 3 years 508x36 = $ 19009.44
    then finance the residual at 3% ($31785) for 60 months comes to $36480
    Total at the end of all payments $55,488 for a car with with negotiated price of $ 45665.

    Does this sound right? Why not out right buy the car from day 1.
    Not including car insurance and all etc.

    Price $45665 at 6.5% sale tax plus 3% finance rate x60 months + $873.88
    Total after 5 years $52432.80. Not including car insurance etc.
    One still saves $3000 close to.
    I don't understand.
    Please elaborate why should I lease?
    Thanks

    BMW 2013 328i Sedan
    Sport line, Automatic, Premium Package, Tech, Lighting Package
    MSRP $48,895.00

    36 Mo/10k miles per year
    Money Factor 1.29
    Residual Factor 65%

    Selling Price $44,740.00
    Bank Fee $925.00

    Total at drive-off:
    $45,665.00

    Residual Value $31,781.75
    Total Depreciation $13,883.25
    Capital Reduction $0.00
    Monthly Depreciation $385.65
    Monthly Rent $99.91

    Monthly Payment + Tax inc.
    $528.04
  • kyfdxkyfdx Posts: 31,206
    If your goal is to ultimately own the car, you probably shouldn't lease.

    But, the main difference between your two scenarios is three extra years of finance charges under the lease, then buy plan..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • carguy778carguy778 Posts: 33
    The ultimate goal is to save money, thats the whole concept of leasing. But it seems like paying $20000 every three years not including car insurance is insane. All this talk about Money factor and residuals are there to disillusion us from thinking about the real thing. I am not in favor of leasing or buying. But after doing 5 minutes of calculations its clear to save money and pay cash when one can afford it not driving around in a new Rental Bmw (lease) or finance (loaned) car. But that is just how feel. I really don't see the point of all this discussion about 500/600/700 a month and leasing.
  • jewel585jewel585 Posts: 4
    Hi Car_man, could you provide the money factor and residual for a 2013 335i coupe and sedan, both for 36 months and 10K miles/yr? Thanks!
  • leoblueleoblue Posts: 19
    Thank you very much Car_man.

    Could you share with us money factor and residual value for 24-month lease of a 2013 328i xdrive with 15K miles? Thank you.
  • leoblueleoblue Posts: 19
    Hi kromix. I use bmwconfig.com. It's very useful. I put in all my selection and the invoice price showed up right away. However, the next tab: Finance "Finance and Lease Calculator", after I input everything the Monthly Payment with Taxes/Drive Off/Total Cash Out still empty. I thought the should be a button "Calculate" or something to hit but couldn't find it. Do I need to install sth or to register to have it calculate? Appreciate your help. Thanks.
  • OK I have a few questions,

    I read in a few forums that you save more money on a 2yr vs 3yr lease is this why you choose the 2yr? Also 10k vs 15k mi per year?

    I will check into lowering the MSRP. You think I can lower my bank fee $925 and Money Factor of 1.29? Can you also give me an opinion on the Residual Factor factor at 65%?

    Lastly, can you explain what the multiple security deposit is? I assumed 0 down was the best way to go but it sounds like you pay more somewhere in the contract.
  • vince1313vince1313 Posts: 6
    edited April 2013
    I assume standard "lease special" at all dealers..

    335i coupe + premium package (47,995 msrp)

    10k miles/year

    Includes $1500 lease credt

    Nothing down.....monthly payment , inc tax = $537/month

    What is the take on this deal?
  • dchabitantdchabitant Posts: 21
    edited April 2013
    Hi. Wondering if someone can give me answer on this. I'm about ready to lease a 335i xDrive. Dealer tells me that, because of my wife's diplomatic passport, we are entitled to diplomatic pricing 5% off MSRP. My question is: Can the 5% rebate be applied to the final negotiated price (which I expect to be closer to TMV than MSRP), or is it 5% of MSRP period, with no dealer rebates possible?

    Dealer hasn't given me a straight answer.

    If it's 5% off MSRP, then there's really no discount at all, since TMV (as I've configured my car) is almost exactly 5% less than MSRP.

    Any help would be appreciated.
  • kyfdxkyfdx Posts: 31,206
    I haven't looked at Diplomatic Pricing, recently... but, I'm pretty sure it works like European Delivery. There is a lower invoice price... so, you should be able to negotiate a lower price than a regular buyer...

    If it's 5 percent less, then you have the correct take on it..... they are basically charging you MSRP minus the discount..... no discount at all...

    I'd shop around..

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • Thanks kyfdx. I asked the rep twice if 5% discount applied to negotiated price or MSRP. His response was: "It doesn't include options" (which helps me not a bit).

    Let me ask you: If you know, is it possible to pay below invoice for a 335i XDrive,; or there not enough manufacturer incentives for this? Should I shoot for $800 above invoice, or could I do better? What do you think is a reasonable price to pay for this vehicle? $500 above invoice? $1000 above invoice?

    Thanks.
  • kromixkromix Posts: 13
    I think you are missing the point here.

    Incentives are your free money, not the dealers.

    Negotiate car to +500 over invoice (INCLUDING FLUFF FEES LIKE DOC FEE DEALER FEE) THEN subtract incentives you qualify for to go under invoice.

    Not "Hey dealer I have $1,500 in incentives, I want to be at +500 over invoice"
  • swameeswamee Posts: 32
    Gurus:

    Considering a 328i @barebones + moonroof and planning to email a few dealers for quotes. At what point do you let them know whether you're leasing or buying? Thanks in advance! And any recommendations for no-hassle dealers in Jersey would be appreciated
  • Gotcha. Thanks. Question remains: Do you think $500 over invoice is a reasonable offer given current allocations for 335i xDrive? Or is it something most dealers would never accept on this car? (Done it with other cars in the past)?

    Still need to figure out if diplomatic pricing is a cash rebate, or 5% of MSRP--which is useless.

    Appreciate your input.
This discussion has been closed.