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BMW 1-Series Lease Questions

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Comments

  • kyfdx%40Edmundskyfdx%40Edmunds Posts: 25,856
    July rates aren't out yet...

    The dealer can jack up the Acq.fee....most of them do, and the max is $200.

    He is probably telling the truth about the advertising fee, as well.. BMW calls it MACO.

    Once you get the base rates for July, beware of money factor markups... The maximum markup is .0004, and most dealers take it... That's around $30/mo. more, if they take max markup..

    Moderator - Prices Paid, Lease Questions, SUVs

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Anyone who is familiar with BMW Financial Services knows that since the beginning of time it has used a pass / fail system for its lease approval process. Either consumers qualified for its best available rates or they could not lease through BMW FS at all...and your credit had to be pretty messed up for the latter to happen.

    Yesterday BMW announced that BMW FS is introducing a tiered system for its lease program. Its rates now vary by credit tier, with the people with the best credit scores getting slightly better rates than what was available last month and much higher money factors for people with low credit scores.

    I should be able to get the full details of this new program some time today. Please feel free to post your questions about it here and I'll gladly fill you in on what I am able to find out.

    Car_man
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  • kabbalahkabbalah Posts: 36
    Did you get this info yet? i am trying to do a deal now on a 135 convertible or an X5 and this info would be very helpful. Thanks. Have a great 4th of July
  • kabbalahkabbalah Posts: 36
    Car Man,

    I am closing a deal on a 2010 135 convertible with a sport pkg. I have a couple of questions that perhaps you know the answer to..

    1)The BMW Tire & Wheel Protection program. I was quoted $1289 for 60 m0nths. This is very high imo and I was wondering if you knew the actual dealer cost & m/u on this.

    2) this car has the standard HD radio setup but I would like to flip it out for a Sirius satellite radio. I was told $1415 which is also very high as it is only a $350 factory option. Any suggestions?

    thanks
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    I certainly did, kabbalah. Wow you're trying to decide between a 135i Convertible and an X5. There's a huge difference between the two. Here's the latest info for you.

    BMW Financial Services' July buy rate lease money factor and residual value for a 36 month lease of a 2010 135i Convertible with 15,000 miles per year are .00150 and 56%, respectively.

    The numbers for an otherwise identical lease of a 2010 X5 3.0i are .00180 and 47%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Ahhhh, kabbalah, I see that you went with the convertible. I don't know how much it costs the dealer, but I personally would pass on the tire and wheel protection anyhow.

    Wow nearly fifteen hundred bucks to swap out a regular radio for satellite. Ouch. Have you tried to find a unit in stock that had satellite radio installed at the factory at this or a different dealer? $350 is a reasonable price, but $1,415 is nuts.

    Car_man
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  • bg516bg516 Posts: 15
    I picked up a 2010 factory 135 convertible demo with about 1100 out the door, and i saved the 350 disposal fee on my 2007 x3 and the last month payment of 450 so i looked at the 1100 check i wrote as really about 300 0ut the door. now what did i get, a 48000 msrp car with 13000 mileson it with a cap cost of 37995 with a monthly of about 451 plus tax or about 482 total. this is for 36 months and 10 miles per year, oh yea, that drive off included the first month.
    was this a great deal, yes and no, things being the way they are, i could have picked up the 2011 model at about 4800 list for about 485 plus tax or about 519 with a drive off of about 4500 to 5000, but what is the difference, a new double clutch and a single turbo. drove both, if i was buying i would have got the 2011, but on a lease, so what. i got the free service the full warranty for the total lease and a like new car from the bmw distributor through a big city dealer.
    barry
  • nypaymannypayman Posts: 12
    anyone know the current MF & Residual %

    on a 128convertible 36 month lease10 miles, thank-you!
  • Hello everyone. I'd like to get an opinion on these two lease deals. I live in Chicago IL, so taxes are included. Thanks in advance!

    Config #1 Loaded

    2011 128i
    Manual 6-speed
    Space Gray Metallic
    Value Package
    Premium Package
    Convenience Package
    Heated Steering Wheel

    Traditional $512/mo
    Euro Delivery $445/mo
    Rate is 5.5%
    Net cap cost $31,150
    Taxes are $2800
    Title fee $25
    Document fee $154.38
    New plates $194


    Config #2 Bare bones

    2011 128i
    Manual 6-speed
    Space Gray Metallic
    Value Package
    Heated Steering Wheel

    Traditional $451/mo
    Euro Delivery $385/mo
    Rate is 5.5%
    Net cap cost $27,200
    Taxes are $2475
    Title fee $25
    Document fee $154.38
    New plates $194
  • fess_bfess_b Posts: 1
    Hello,

    I'd like to invest in a 128i convertable 2010 or 2011, but want to lease with option to buy at the end of the term. Or should I just finance?

    If I lease, payment will be lower, and I can buy the car at residual value?

    I don't know which route to go?

    Advise me on some options please,
    Thank U
  • dwynnedwynne Posts: 4,018
    One thing I always wondered about euro delivered and leasing - does the lease start when you pick up the car in Europe? Do they suspend the lease while you are waiting the 6 weeks or so for the car to arrive back in states?

    In general, no matter if you lease or buy - will the dealer provide you with a loaner while waiting for delivery here? Do you have another vehicle you can drive or will you have to rent a car (assuming the dealer does not provide one) while waiting?

    Does anyone know if you can have someone else (say a family member) pick up your euro delivery for you? My daughter travels to Europe quite a bit and could combine one of her trips with a side trip to pick up a car for me, if allowed, for not much extra money...

    Just stuff I wondered about when looking at euro delivery.
  • kyfdx%40Edmundskyfdx%40Edmunds Posts: 25,856
    The lease starts when you take delivery in Europe.. BMWFS picks up the 2nd payment of the ED lease, but the money factor for leasing is .0003 higher for ED, so that isn't really a bonus..

    No car provided while you are waiting for re-delivery..

    Your daughter can't take delivery of your car, unless she is a co-lessee.. no exceptions..

    You can still save some money on an ED lease, but it makes more sense for a straight purchase.

    Moderator - Prices Paid, Lease Questions, SUVs

  • dwynnedwynne Posts: 4,018
    The 2011 128i convertible money factor is .00210, which is 5.04% effective and you have to pay the BMW lease acquisition fee.

    If you buy, BMW will finance it for 0.9 to 1.9% - at least for the 2011 model, they don't show the cheap money for the 2010 left overs (but Edmunds does). The 2010 should also have $1,500 in dealer money to further reduce the price. The 2011 has the free value package (leather seats and ipod) for the same price, so depending on what you find left over you may prefer to forgo the discount pricing and get the 2011 - since the net price could be close to the same.

    If your goal is to own the car and you can afford the payments, no brainer choice to buy it now with cheap money - and I am a big lease fan.
  • rkdiddyrkdiddy Posts: 13
    I would love some feedback on the following lease:

    2011 BMW 135i
    White w/ Black Leather
    DCT
    Convienence Package
    Cold Weather
    Premium Package
    Sport Package
    Satellite Radio
    HK Sound

    Selling Price: $42,200
    Lease Factor: .00185
    12k miles
    $2k down

    24-month lease: $577 (including tax)
    36-month lease: $645 (including tax)

    Please let me know, thanks in advance!
  • dwynnedwynne Posts: 4,018
    0.00170 is the top tier buy rate on the money factor, assuming you have good credit the dealer has jacked it up 0.36% on you.

    Edmunds shows MSRP as $44,525 and invoice as $40,960 so you price is about in the middle - which seems to be typical these days.

    You need to run the lease numbers for yourself to see if the dealer is hiding anything in the lease. We have no idea where you are or what your taxes are like so can't tell much else about your deal from what you state.

    Remember there is a $750 or so acquisition fee on the lease plus any dealer doc or prep fees and TTL plus taxes.

    I think you have your 24 and 36 month numbers backwards...
  • emiamiemiami Posts: 2
    Hello car_man,
    I was highly refered to this forum by a friend, and i'm looking for an answer to help me negociate with the dealer on a new lease.

    What is the best money factor and residual value on a new 2011 128i lease, base model with no options, 10k miles / year for 36 months?

    I appreciate in advance! :)

    eMiami
  • dwynnedwynne Posts: 4,018
    The 128 coupe MF is 0.00180 (convertible is 0.00210) - this is for top tier and is the buy rate. BMW dealers almost always mark the rate up for extra profit. They usually mark up the acquisition fee as well.

    The residual is set by BMWFS and can't be changed by the dealer, so whatever they use has to be the right number or the lease will not fund. Looks like it is 64% on a 10k lease (a whopping 68% for the convertible).

    Negotiate the selling price of the car first - most folks seem to be getting about half way between invoice and MSRP - then worry about the lease numbers. Learn how to figure a lease payment as well and always run the numbers yourself based on your negotiated selling price.
  • rkdiddyrkdiddy Posts: 13
    Thank you for the information.

    You're correct, the 24 month and 36 month monthly payments were reversed.

    I'm located in Orange County, CA.

    Thanks again!
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi nypayman. BMW Financial Services' July buy rate lease money factor and residual value for a 36 month lease of a 2010 128i Convertible with 10,000 miles per year are .00215 and 59%, respectively for consumers who qualify for its top credit tiers.

    When negotiating your lease on this car, make sure to take advantage of the $1,500 dealer cash that is currently available on it.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Welcome eMiami. I'm glad that you've heard good things about this forum. Here's the information that you're looking for.

    BMW Financial Services' July buy rate lease money factor and residual value for a 36 month lease of a 2011 128i Coupe with 10,000 miles per year are .00180 and 61%, respectively for consumers who qualify for its top credit tiers.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
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