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BMW 3-Series Lease Questions



  • I am trying to purchase a 2013 328i sedan with premium package. I see there is a holiday credit of $1,000 that will end on January 2nd. I see there is a loyality credit of $750 that i think ends July 31, 2013. My current lease is not up until March. Does anyone have a crystal ball and know if there are better incentives coming in 2013. I will wait if there are going to be better incentives. I would appreciate any help. The best price i recieved for the vehicle is $37,610 does sound good?
  • firsttimebmwfirsttimebmw Posts: 3
    edited December 2012
    Hi Car_Man and kyfdx! Hoping you can review this for me and let me know what kind of a deal this is....

    2013 328xi, White/Beige leather, MSRP $48,645.00, 39 mos, 12k m/yr
    Registration is state of NY, Nassau County
    Premium Pkg
    Cold Weather
    Lighting Pkg
    Driver Assistance Pkg
    Navigation (NOT Technology Pkg)
    BMW Apps

    Total Cap: $45,687.39 - $1,000 cap reduction = $44,687.39 net cap
    Residual shows as $28,700.55
    Total out of pocket shows as $3,244.00 (inc 1st payment).
    Payment: $520.00/mo.
    Money factor shows as .00150

    Thanks so much!
  • hi car_man,
    thanks for your help!
    after getting your blessing too, i went ahead with this deal and just signed the contract couple hours ago.
    here's a BIG questions though:
    while confirming numbers, i noticed the dealership used the MSRP(and NOT sales price, which was ~5k less than msrp) to calculate my depreciation value. so the msrp was (don't have the contract with me right now) roughly 50k, i negotiated a sales price of roughly 45k.
    39mo, 10k/yr residual was 60% of 50k, so about 30k.
    my undertsnding is that i should be paying 45k(sales price, not msrp) minus 30k(resid.)= 15k +fees+interest(i asked and they said they are using .0013 as money factor) over 39 mos of the contract.
    instead i am paying 50k(msrp)-30k = 20k +2800 in fees&deposits and costs, etc.
    (sorry i don't have exact figures, i will post them this evening once i am back at home)

    am i missing something here?
    when i raised this issue and said it didn't make any sense to me, the finance mgr couldn't point out how my negotiated price lowered my payments, apart from plugging in different numbers in his systems sales price box and pointing to how that changed the monthly payment. i asked 3 times and was told that the lease payments were calculated based on msrp, but not sales price (but somehow a lower sales price still reduced my payments).
    i didn't want to argue in front of my wife, who got really embarrassed and wanted to just sign it and leave, as the payment figures matched what we were quoted, and we were okay paying that every month. but i still don't want to get screwed by 5k. no matter what i can or cannot pay.

    any help would be MUCH appreciated. is it bmw's practice to base the payment on msrp, and not on sales price? that sounds very stupid to me, but i may be wrong.

    please HELP!!
  • Are lease factors negotiable?? I just found something saying that the Dec 2012 "base rate" is .00125, and I found another post from someone else in NY saying they got .00130. Mine is at .0015. Can I push them for lower? If my pmt is $520.00 at the .00150, how much difference would getting .00125 make?
    Thx again!
  • Hi,

    This is my first time leasing a car, and first time getting a BMW. I was wondering if the deal offered to me sounds good? Also i thought of putting $5k down payment to lower my monthly but now was thinking to trimming it down to $2k.

    Appreciate any thoughts!!! Happy new year!

    Index Description MSRP
    Base Price $38,700.00
    ZPP Premium Package 3,600.00
    ZMP M Sport Package 2,900.00
    322 Comfort Access Keyless Entry 500.00
    494 Heated Front Seats 500.00
    4BY Bamboo Anthracite Wood Trim 0.00
    609 Navigation System 2,150.00
    Metallic Paint 550.00

    Destination and Handling 895.00

    TOTAL AS EQUIPPED $49,795.00
    SELLING PRICE $45,860.00

    Lease Terms
    Lender BMW Financial Services
    Term 36 Months
    Mileage 12,000/year
    Money Factor 1.25
    Residual Factor 63%

    Selling Price $45,860.00
    Bank Fee $925.00

    Total Capitalized Cost

    Residual Value $31,370.85
    Total Depreciation $10,269.76
    Capital Reduction $5,144.39
    Monthly Depreciation $285.27
    Monthly Rent $91.26

    Monthly Payment $376.54
    Tax (8.5%) $32.01

    Monthly Payment + Tax $408.54

    Capital Reduction $5,144.39
    Cap Reduction Tax (8.5%) $444.07
    License & Registration $423.00
    Documentation Fee $80.00
    First Payment $408.54
    Security Deposit $0.00

    Drive Off $6,500.00

    Trade Equity $0.00
    Rebate $1,500.00

    Due at Signing $5,000.00
  • nyccarguynyccarguy Stamford, CTPosts: 7,416
    First time leasing? repeat after me:

    DO NOT PUT ANY MONEY DOWN (capitalized cost reduction) ON A LEASE! If your vehicle is stolen or totaled at any point during the lease, you will LOSE that money that you put "down."

    Also, your dealer is marking up BMWFS' bank fee of $725 by $200.

    2001 Honda Prelude Type SH/ 2011 BMW 328xi / 2011 Honda Pilot EX-L w/ Navigation

  • btinlbtinl Posts: 4
    Here are the details for my deal. I think I worked out a good deal.

    BMW 335 xdrive w/ sport-line, premium pkg, cold weather pkg, navigation.
    MSRP $52,695
    Negotiated price $49,000 before incentives
    Incentives -$2750 (holiday credit, drive for team USA rebate, loyalty)
    $0 down payment.
    7 MSDs to reduce MF to 0.00081
    36 mo lease. 12k mi/yr

    Monthly $532 (including 9% tax)
    Due at signing 7 MSDs, 1st month, $180 tax/license/doc fee, -$300 drive app credit
    -$500 BMW CCA member rebate
  • eswaraeswara Posts: 2
    Could you please let me know how did you get Team USA credit. I was offered $1K Holiday credit for financing with BMW and was declined USAA incentive as I'm a civilian
  • The deals should kick in around feb/march months and best in April.
  • Hi Bimbee,

    Depreciation is always calculated on the sticker(MSRP) price not your negotiated price. This is not just a BMW thing.
  • I was wondering. I hardly ever see people leasing more then 36-39 months. Since the BMW offers the 4 year 50k miles would a 48 month lease be more beneficial?

    Also I have an Infiniti G37X coming off lease in 8 months. Looking at the BMW. Should I ride out the lease or see if BMW would buy the car from me?
  • msabinmsabin Posts: 1
    Hey car_man,

    Do you know what are the Residual and MF are for a 36 / 15K lease? Also, are there any incentives like the $1000 holiday cash they had last month?

  • Hi firsttimebmw. The car that you described has a spread of around $3,800 between its full MSRP and its dealer invoice price. That puts the selling price that you were quoted at around $800 over invoice minus incentives...that's not bad. Just make sure that the dealer uses BMW FS' current buy rate lease money factor of .00130 to calculate your monthly payment and you're in business.

    Prices Paid: Buying & Leasing Experiences Forum
  • You're very welcome bimbee. Don't worry about it :). What the dealership did is correct. Vehicles' residual values and depreciation are based upon a percentage of their full MSRPs, including the destination charge and the MSRPs of any options that can be residualized. The selling price is used to calculate the interest portion of the lease.

    Enjoy your new ride :shades: !

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi firsttimebmw. Banks set vehicles' buy rate or base lease money factors. Those figures are not negotiable. However, dealers (particularly luxury dealers) are often allowed to mark up vehicles' buy rates to add additional hidden, back-end profit to deals. That looks like what it happening with your deal. It is actually very common with BMW dealers, but it can often be avoided by savvy consumers who know what their vehicle's buy rate should be and negotiate.

    Prices Paid: Buying & Leasing Experiences Forum
  • Good question, wiggum1. Usually 42-months is really the longest that anyone should lease a BMW for. this is because that is the longest term that its special lease money factors are available for. If you lease for any longer than that, the interest rate that you are being charged on your lease will likely increase.

    Eight months is really early to get out of a lease. It is likely going to be fairly expensive for you to get out this early. You would probably be better off waiting until you are closer to the scheduled end to get something new.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hey msabin. BMW Financial Services' January 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 .00130 and 60% for consumers who qualify for its top credit tier.

    There's a $1,500 cash incentive on leases of 3 Coupes and Convertibles this month, but nothing on the Sedans other than the $750 owner loyalty cash.

    Prices Paid: Buying & Leasing Experiences Forum
  • Car_man, Thanks so much!! Ok, so on Sat, 12/29 (delivery day) I called the dealer and said 'It's the last biz day of the year - I'm picking up my new car today. If u fix the money factor to .00130 as it should be, it'll be a BMW. If not, it'll be an Audi'. Since they seem to like the old, played out 'Lemme speak to my boss' game, I told them to talk to the boss and call me back if they want to move the car.
    Picked it up 3 hrs later at .00130 which equated to $20/mo savings. Thanks again for your help! LOVE this car
  • What is the money factor on a 335i? Is it the same as a 328? Looking for 3-year lease. Thank you!
  • Hi Car Man,

    I would be most grateful if you could let me know the current money factors and residuals % for a 2013 BMW 328i convertible on a 36 month lease w/ 10k and 12k mileage allowances per year.

    Many thanks,
This discussion has been closed.