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BMW 1-Series Lease Questions

kyfdxkyfdx Posts: 29,850
Ask your 1-Series lease questions here!

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Prices Paid, Lease Questions, SUVs

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  • How much would I be able to negotiate on the cash due at signing? I was told at the first dealership $5000 w/ taxes and at a second dealership was told $4000.

    The lease special currently on the 128 is $287/mnth w/ 10k and manual. I would like power seats ($975) automatic trans ($1200) and $15k. What would I expect to be paying monthly for this vehicle? :confuse:
  • ilovedogsilovedogs Posts: 11
    "$287/mnth"

    who has this "special"?

    thanks!
  • hairysodahairysoda Posts: 13
    this weekend in the miami hearld
    128 couoe not automatic and 10k mikes a year for 24 mths
    $287/mth
    i was also quoted for a 128 convertible that was on ebay today. this car has a msrp of $41000. he said with just first and inception $687/mth for 24 mths and 12k miles a year

    im am gonna wait till this summer and then i feel bmw will put a good program on these cars
  • blov8rblov8r Posts: 567
    Hairysoda: I just got back from Miami, and yesteday's Herald had all kinds of incredible lease prices advertised in the cars.com section, not only for BMW. On close inspection, however, the fine print essentially always had hefty "cash down at signing" numbers and were being quoted for very base cars. I have family in S. FLA and go there often ... and see these "bargains" every time I'm there. I keep looking for that special deal that I can't come close to matching here in AZ and have come up dry every time in the last 22 years.

    That aside, I would happily pay $287 per month for 10K and 24 months but I'm willing to wager that the cash down would be in the $5K vicinity. Bart :shades:

    BTW: For comparison, I'm presently leasing an Infiniti M35 with everything ... $51K msrp that I took when that car first hit the market exactly three years ago this week. With $2,500 cash down my lease is $600/month. Now shopping for the next car.
  • domrep1domrep1 Posts: 1
    I believe that If you can make the negotiations
    constructive we can both benefit! I have been doing extensive research and
    I would need certain factors to proceed ie low money factor, high
    residual, capitalized cost reduction, start negotiations at invoice price
    etc...

    Dealer response!!!

    Thank you for your consideration. Rates and residuals are set by BMW and vary from model to model. The lower the miles allowed per year (10K) the higher the residual will be. Capitalized cost reduction is at your option. No one negotiates on a 135i and as for the 335i, I have a little wiggle room from MSRP. Invoice is not a starting point for negotiations.
  • ilovedogsilovedogs Posts: 11
    1. Invoice is an excellent starting point
    2. 335's are available at 500-1000 over invoice anywhere
    3. 135's are just ugly IMO (and to MANY others) - the ride and drive is similar to a Ford Mustang
    4. lots of dealers have 135's on the lot that are NOT selling (too ugly, too rough, too crude and too close to a 335 in price)
  • blov8rblov8r Posts: 567
    4. lots of dealers have 135's on the lot that are NOT selling (too ugly, too rough, too crude and too close to a 335 in price)

    We love dogs also, as an aside. Dealers are, by nature, lower than dogs in the food chain. They have something we hanker ... their vehicle. We have something they crave ... our dollars. Any dealer who says he's not willing to negotiate is a liar ... and on his way to losing his young franchise. Bart :shades:
  • ilovedogsilovedogs Posts: 11
    blov, dealers are worthless scum - all franchised dealers spend countless hours in weekly meetings on how best to screw the retail consumer. honesty is a foreign concept to them (all of them).
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi drizzle10. Technically BMW is not running any special leases on the 1-Series right now. Anyone who wants to lease one through BMW Financial Services will have to use its standard lease money program. I believe that BMW FS' buy rate standard lease money factor is currently around .00260.

    As far as how much you will have to pay at lease signing to lease a BMW goes, I always advise consumers to pay as little as possible. It is not really a good idea to make a large capitalized cost reduction when leasing. Consumers who make one risk losing part or all of it if their vehicle is totaled in an accident or stolen and never recovered. You would be better off not making any sort of cap cost reduction on your lease, even though it means that your monthly payment will be a little higher. All you have to pay at signing on a lease through BMW FS are your car's first month's payment, its $625 acquisition fee, a security deposit that's equivalent to your monthly payment rounded up to the nearest $50 increment, and any state taxes or fees. You can even roll the acquisition fee into your car's capitalized cost to make it part of your monthly payment if you want. Also, BMW FS will waive its security deposit requirement in exchange for an increase of .00015 in the money factor that's used to calculate your car's payment.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • So I ended up leasing a 2008 328i Coupe. I love the car...the drive is amazing. I ended up paying $3750 total cash due at signing including taxes. Im paying $489 plus tax a month. The car has 17" wheels, xenon headlights, spoiler, and thats pretty much it.

    Was it a good deal? :confuse:
  • dhamiltondhamilton Posts: 873
    I love Dogs to. I'm also a dealer [salesperson] and I really don't appreciate being called a liar.

    You obviously have had a bad experience with someone buying a car. I'm sorry that's happened. Please don't paint us all with your giant brush.
  • mattlemattle Posts: 4
    drizzle10, how may K mile did you lease for and how long? How much did you bought the car for. I am looking for one too. thanks
  • elizarievelizariev Posts: 8
    I'm helping a friend to lease a 128 convirtible. What is the current MF, residuals, etc? There are no specials still, but do you know if any are coming up soon?

    I would love to hear from the hosts, but please post if you had any recent experiences with leases?

    Thanks!
  • qbrozenqbrozen Posts: 17,533
    From Tarry at leasecompare, as posted on bimmerfest:

    128i 'vert for June
    24 Month – Residual 73% of MSRP – .00263 Base Rate
    36 Month – Residual 60% of MSRP – .00263 Base Rate
    48 Month – Residual 47% of MSRP – .00263 Base Rate
    60 Month – Residual 38% of MSRP – .00263 Base Rate

    Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms

    '13 Stang GT; '15 Fit; '98 Volvo S70; '14 Town&Country

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Thanks for the info, qbrozen. Just a heads up, BMW is not currently providing any lease support on the 1-Series. That means if one wants to lease it through BMW Financial Services' they will have to use its standard lease program. BMW FS' buy rate standard lease money factor varies by region. Anyone who definitely wants to lease a 1 should do so now. BMW announced yesterday that it will raise its standard money factor slightly on June 23rd. It will only cause this car's lease payment to increase by a couple of bucks, but if you are certain that you want one there's no reason to pay more than you have to.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • hi car man, do you have the new residuals, rates on the 1 series convetibles? 135 specifically?
  • Hi traderb. BMW is not currently providing lease support on any 1-Series models. Interestingly though, it did introduce a new special financing program which provides a rate of 2.9% for up to 5 years on the '08 135i Convertible this month.

    If you choose to lease this car through BMW Financial Services, you will have to use its standard lease program. BMW FS' standard lease money factor varies by region, but it is probably around .00270 on average right now. Its 36 month, 15,000 mile per year residual value for the '08 i35i Convertible is 56%. This residual is 2% higher on leases with only 12,000 miles per year.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • car_man or anyone else with insight....

    Our dealer has two '08 135 convertibles left

    MSRP on one is $49,500 (loaded) - it was a demo - has 5,000 miles on it

    MSRP on the other is $45,000

    Looking to put the minimum down on a 36mo, 15K lease

    Any thoughts on what we should be paying?
  • Hi MLB999. I am not personally all that familiar with what the market is like for the 135 Convertible right now, but I suspect that it is like most of the auto industry at the moment...soft. If I was in the market for this car right now and I lived in an area that has a decent level of competition, I personally would shoot for a selling price that's as close to dealer invoice as possible, particularly on the demo model. You can look up these cars' exact dealer invoice prices over in the New Vehicle Pricing section of Edmunds.com.

    Once you have a selling price, let me know and I would be happy to crunch some numbers for you to give you an idea of what sort of monthly payment these cars will have.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi -

    This is what i just got:

    135i Steel Grey
    Premium Package
    Sport Pack (includes M steering)
    Navigation
    Heated Seats
    Xenon Lights
    Ipod Package
    compass

    $453 per month + Tax with Approx $3500 down

    By the way....I live in LA and everyone is driving a 3 series so there is a bit of the rareness factor - secondly...the car drives like a beast so the ugliness is not an issue for me :)
  • PaulBDPaulBD Posts: 4
    Hi everyone,

    This is Paul a newbie to this forum. I live in the Bay Area. My lease on a 2007 Z4 will be up in a couple months, and I'll be looking forward to leasing a 1 series coupe, premium, sport, blue-tooth, stick shift, minimum down payment, 10K miles a year, 24 months. Anyone has an idea what would be approximate monthly payment? Thanks in advance for chiming in.

    Wishing you all a Happy New Year!
  • Welcome PaulBD. I would be happy to use BMW's actual lease program to work up a sample payment on the exact car that you are interested in for you. However, in order to do so I need you to provide me with its MSRP and approximate selling price first. You can look up the MSRP and invoice price (which would suffice) over in the New Vehicle Pricing section of Edmunds.com. Let me know what these figures are and I'll crunch some numbers for you.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • bethygbethyg Posts: 3
    Hey there -

    Is the above what you paid for the 135 or ? My car lease is up next month and am looking at either getting another Audi or leasing a 128 or 135 convertible. I would love to know what people are paying for their leases. I am in Los Angeles also.

    Thanks!
  • PaulBDPaulBD Posts: 4
    Hi Car_man,

    Thanks for the response. From both Edmund's New Car Pricing, such a 2009 car with the options I like (manual, black sapphire metallic, sport, premium, heated front seats and steering, bluetooth, destination charge) is quotaed at $42,875 (MSRP) and $39,445 (invoice).
  • No problem, PaulBD. According to my calculations, if you were to lease a 2009 BMW 135i Coupe that has an MSRP of $42,875 and a selling price of $39,945 ($500 over invoice...it may be a tad optimistic, but why not aim high) through BMW Financial Services right now for 24 months with 10,000 miles per year, your zero down, pre-tax monthly payment would be around $644.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • PaulBDPaulBD Posts: 4
    Thanks a lot Car_man. May I practically hope that in 2 or 3 months the MSRP and invoice numbers would be lower still?
  • mjopprumjoppru Posts: 14
    Orange County Register - (CA) - Irvine BMW was advertising a $399 +TTL lease on a loaded 135 Convertible (prem, sport, auto, etc) for 36 mo, 10K mi with about $3500 down.

    Anybody seeing this too?

    Sweetheart deal I think on a $50K rig.
  • You're very welcome, PaulBD. Generally speaking, vehicles' MSRPs and dealer invoice prices go up as time passes, not down. I heard that BMW raised its prices slightly on a number of models on January 1st, but I don't know off of the top of my head if the 1-Series was one of them.

    Having said this, vehicles' actual selling prices usually trend downward as the model year progresses.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I am currently in the throws of negotiating a lease with local BMW dealer.
    Its a 2008 135i convertible. Pretty much loaded. Dealer says lease rates are much better on the 2008's. They have located the car I wanted (options, colors, etc.) at another dealership.

    What they are offering:

    MSRP $50,950 - I confirmed this on Edmunds.com

    Negotiated Price $47,800
    Cost to ship to my local dealer is included in neg. price. (i think they said $500.00)

    Money Factor .0007
    36-month, 10,000 mile (3rd car wont be driven great amount)
    Residual 59%

    Out of pocket at signing... $1,643.00. First month. + doc fees+security deposit + misc. Security deposti of $700.00 seems high?

    They are charging me $925 acq fee from BMFS!!!??? Is this legit. Can I get them to waive or further drop the negotiated price. Didn't look like there were many customers around last week.

    Is this a good deal. Seem like it if I compare to MF/residual guidelines and other deals I am seeing.

    Any help/advice is appreciated.
  • The buy rate on the lease is .0005 and the Acq. Fee is $725, so the dealer is marking both of these rates up to the maximum allowed by BMWFS, This is negotiatble. I would insist on them using the .0005 rate.
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