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BMW 3-Series Lease Questions

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Comments

  • nypayznypayz Posts: 8
    Carman,
    do you have lease #s for the 2013 320i--36 months 10 miles?

    thanks.
  • ikejonesikejones Posts: 5
    edited May 2013
    Good deal? MSRP $54,775

    Total Capitalized Cost $49,940.00

    Residual Value $35,056.00
    Total Depreciation $11,884.00
    Capital Reduction $3,000.00
    Monthly Depreciation $330.11
    Monthly Rent $63.96

    Monthly Payment $394.07
    Tax (9%) $35.47

    Monthly Payment + Tax $429.53

    Capital Reduction $3,000.00
    Cap Reduction Tax (9%) $360.45
    License & Registration $459.00
    Bank Fee $925.00
    Documentation Fee $80.00
    First Payment $429.53
    Security Deposit $3,150.00

    Drive Off $8,403.98

    Trade Equity $0.00
    Rebate $3,000.00

    Due at Signing $5,403.98
  • watch101watch101 Posts: 2
    edited May 2013
    Just closed on a 2013 328 xdrive
    Metallic paint
    Premium package
    Cold weather package
    Burlwood
    BMW assist
    $45,525 sticker
    750 rebate plus 500 rebate
    36 months 10,000 miles/year
    $2300 total up front including, 1st month ,doc fees ,acquisition ,tax on the rebates...
    $425/month including sales tax
  • tantrumxptantrumxp Posts: 2
    Hello all. So happy I found this forum. I never leased a car before. So here I am hoping for some advice if I'm getting shafted. I don't know exact numbers or percentages but the car I'm getting or plan to get is a 2013 335is convertible fully loaded. I have a Infiniti 2005 that I'm trading in. Basically the deal is I trade in car for about 8-9g. I pay $500 for 35 mo. And disposition fee is 350 I think at the end. Miles is 10000/year. Good deal?
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're very welcome mbz01.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Here you go mistagamer76. BMW Financial Services' May buy rate lease money factor and residual value for a 24-month lease of a 2013 328i Sedan with 15,000 miles per year are .00127 and 68% for consumers who qualify for its top credit tiers.

    The numbers for an otherwise identical 36-month lease are .00127 and 62%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're welcome thevanguard.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Thanks jeres8860. I'm glad that you find it so helpful.

    BMW Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a 2014 328i Wagon with 15,000 miles per year are .00127 and 57% for consumers who qualify for its top credit tiers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi ranjohn. Do you know what this car's selling price is? That would make it much easier for us to evaluate this deal.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi nypayz. BMW Financial Services' May buy rate lease money factor and residual value for a 36-month lease of a 2013 320i Sedan with 10,000 miles per year .00127 and 65% for consumers who qualify for its top credit tiers.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Welcome tantrumxp. Since you are new to leasing, you definitely should check out the following informative articles on the subject that are available here at Edmunds.com: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

    I see that you are considering trading in your current vehicle when you lease your new one. There's nothing wrong with trading something in when you lease, but...you should always have the dealer cut you a check for any equity that you have in your vehicle rather than using the proceeds from it as a down payment for your lease. Consumers who make large down payments on leased vehicles risk losing part or all of the money that they laid out if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, it's much safer to go with a zero down lease.

    It's difficult to evaluate your lease without knowing what this car's selling price is. Try to find out what they are charging you for the new 3 that you want.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • jeres8860jeres8860 Posts: 9
    Hi am looking to lease a new 3 series and am deciding on whether to go with a wagon or 335ix sedan.
    I'm wondering if the deal below is good?

    I was offered 654.07 +tax per month with 2279 down for:

    - 335ix M package in Estoril paint.
    - Premium, Cold Weather & Technology Packages
    - Upgraded Harman Kardon sound

    The MSRP is: 56 950 and I'm getting it for 53 159. 62% Residual. The money Factor is confusing as it's showing on the offer page as 1.79. If someone could clarify that, it would be a big help.

    Any insight into this deal would be very appreciated.
  • jeres8860jeres8860 Posts: 9
    HI MBZ01,

    Can you please give the first name and dealership of the sales person you were working with that offered you the best deal?

    Thanks in advance
  • jrf7jrf7 Posts: 3
    Would those numbers be the same for the 320i xDrive?

    Thanks!
  • ranjohnranjohn Posts: 17
    buddy, i'm looking for a car very close to yours. Can you tell me more detailes like Residual value and money factor you are using? Also which state you are from?
  • ranjohnranjohn Posts: 17
    The reason I'm saying this is because I did the math myself and with round 3500 off the MSRP (including 1250), i'm still getting around 441-460 for the monthly payment. Am I missing something?? Did you use 64% as RV?
  • tantrumxptantrumxp Posts: 2
    Hello car man. thanks for replying. Here are some numbers i got from the dealer

    Trade amount is $9500
    Doc Fee 398
    Rebate $1500
    Warr Upfront Y
    Price 64980
    GAP Upfront Y (does this mean they give me gap ins?)
    Term 36/mo
    Govt Fee $356
    Rate .00127
    Taxes $2451.11
    ToT init pmt = $11,000
    Residual $45418.75

    In the end my payment is just my car and $501.34 per month.

    what do you think? I want to trade in my car because there are alot for sale around my area, and I think this is the best decision for me.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Yes they are, jrf7.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • jeres8860jeres8860 Posts: 9
    Hi Car Man

    can you please let me know if this is a good deal on a 335ix

    msrp: 56000
    sale price: 52294
    residual: 62%
    down: 2270
    MF: .00167

    monthly payment of 687.94

    I haven't done a credit check yet, but I get the feeling they want to keep the money factor at that level. not sure if they'll budge.

    I'd really appreciate your thoughts on this deal.
  • swameeswamee Posts: 32
    Go to another dealer dude! Several here have done it. Thats a very steep 40 bp mark up. Make it clear marking up MF is non-negotiable/deal breaker. A dealer in Maryland did that to me & then they dropped it by 5 bp as a favor to me but thankfully I realized what was going on when I got on here & found another dealer who didn't indulge in those things
This discussion has been closed.