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BMW 3-Series Lease Questions
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I just bought a 328xi new with premium, sport, nav, dakota, upgraded lights, cold weather package, ipod(pretty much every option they have)with an MSRP of $44,525.
I pay $557. So I would keep shopping if I were you!
335i coupe, only option is sport package for European Delivery.
MSRP: 42675
Residiual % 60
Miles 12,000
Residual Value 25,605
Term 36 Months
CAP COST 37685
Bank Fee 825
LEASE FACTOR .00345 ?????? Seems to high
Drive off of 1600
TOTAL PAYMENT WITH TAX 624.59
I was offered this and I think I may be able to do better....if that's the case, then you are def. getting ripped off....contact me for more information
-Black 335i Coupe, with Sports Package, Paddle shifters, black leather (not leatherette), heated seats, Jet black exterior. MSRP is $46,000 with options
-$2044 total out of pocket (first month's payment and all other transfer fees)
-$539/month (taxes rolled in)......30 months lease
Thanks,
Daniel
Thanks for the help
MSRP: 42675
Residiual % 60
Miles 12,000
Residual Value 25,605
Term 36 Months
CAP COST 37685
Bank Fee 625 this is down from 825
LEASE FACTOR .00325 this is a .0002 markup instead of .0004
Drive off of 1600
You're getting $5675 off MRSP on a 335i??? That's hard to believe. I think I'd jump on that if it's real. I also thought MF of .00175 was still available on '07's. .00325 is pretty high.
Tom
2007 335i Coupe, 6-spd manual
36 month lease
10,000 miles per year
Residual 61%
$4200.00 refundable security deposits
.00176 (4.224%) money factor, interest rate.
Total drive off $8578.32, includes 1st payment ($600), cap. reduction $3163.41, sales tax $245.16, license,dmv, $369.75, and security deposits of $4200.00.
Selling price $45,700.00
Base payment $556.84
Monthly tax $43.16
Total monthly payment $600.00.
Well, one thing was missing here. After calculating using those numbers, the Acquisition or Bank fee turned out to be $825. I think I've figured out the numbers.
I'm using the following formula found elsewhere here on the forum (Thank you to the contributor!!).
S = Sell price = 45,700.00
A = Acquisition Fee = 825.00
M = Money Factor = 0.00176 (this was lowered by my 4,200 sec deposit, or 7 x 600/mo. I think orig MF was .00200)
N = Term = 36 months
R = Residual = 27,877 (61% x 45,700)
P = Monthly Lease Payment excluding tax
P* = Monthly Lease Payment including tax
t = Sales tax Rate = 7.75%
Down Payment/Cap reduction: $3163.41 (to get the $600/mo incl tax)
Annual Mileage: 10K
Disposition Fee?: NO
Excess Mileage Charge: 0.15 per mile
Sales Tax: Computed on the payment streams
Capitalized Amounts: Acquisition Fee Only
Basic Money Factor Formula:
Note: Selling price - Cap reduction = $42536.59 = adjusted S
P = M(S+A+R)+(S+A-R)/N
P = 0.00176(42536.59+825+27877)+(42536.59+825-27877)/36
P = 555.51 (close enough to quote)
Tax Formula:
P* = P(1+t)
P* = 555.51(1.0775)
P* = 598.56 (close enough to quote)
Looks like I'm paying MSRP for this car, to arrive at the $600/mo incl tax. Any room for negotiations, don't know but sure will try to get closer to TMV
So, Base MSRP $40,800 plus Options ZSP + ZPP + Met Paint + Dest = $45,700 = stated Selling Price. Not good enough!
Anyone have comments on the above, please do chime in? Is it possible to aim at $1000 over invoice in CA for the '07?
(Sorry I had this posted in the Paid and Buying Exp. should really belong here)
Also, your MF is not good. Each additional security deposit should lower your MF by .00007. If you're getting .00176 with 7 securities, it means you started at .00225. The base MF on that car is supposed to be .00200, which would bring your MF down to .00151. (Also, the residual on the Coupe should be 58%, not 61%; that's the sedan).
Finally, why the Cap reduction of over $3000?
Latest published BMWFS rates (Sept 07):
2007 BMW 335i Coupe
24 Month – Residual 68% of MSRP – .00200 Base Rate
36 Month – Residual 58% of MSRP – .00200 Base Rate
Strange about that MF. Without sec deposits, the dealer quotes a) MF at .00215 when the acq/bank fee is $825, or b) .00230 when the acq fee is $625. I thought the base is still at .00200 and won't change until Oct 6.
Additional cap reduction over the std $2500 was to bring the monthly (incl tax) down to $600.
So, at this point the slicing/dicing is still based on full MSRP. Definitely will bring this down. Also sending my #'s to other dealers. Will update later.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
You can use the formula that is described in the following article to calculate vehicles' lease payments: Calculate Your Own Lease Payment.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The dealer that you are working with is marking up BMW Financial Services' base acquisition fee by $200. You're right about the money factor. It is definitely too high. If you have not leased this car yet you're in luck. BMW just enhanced its lease program on the 2008 3-Series for the money of October. BMW FS' new 36 month buy rate lease money factor for the '08 335i Coupe is .00235. I suggest that you shop around until you find a dealer that is willing to use this money factor to calculate your lease payment. Also, make sure to find out what selling price you are being charged.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
This is what I was offered. I did not negotiate a selling price. The quote is substantially lower (> $150/month) than all of the quotes I am getting from my local dealers...what do you think?...I already signed the lease and it will be delivered by 10/12...thanks!
New 2007 335i Coupe, with Sports Package, Paddle shifters, black leather (not leatherette), heated seats, Jet black exterior. 12K miles/yr. MSRP is $46,000 with options
-$2044 total out of pocket (first month's payment and all other transfer fees)
-$539/month (taxes rolled in)......30 months lease (can be extended to as long as 60 w/out penalty).
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
2007 335i Coupe (was 24m 68% .00200)
(was 36m 58% .00200)
2008 335i Coupe new rates ??
2007 335i Sedan (was 24m 71% .00175)
(was 36m 61% .00175)
2008 335i Sedan new rates ??
I just had a quote on in stock unit as follows.
2007 335i Sedan, steptronic, premium, sport, cold, Sirius, paddle shifters
MSRP = 47,370
Selling price = 45,440
36 months, @ 15k miles/yr.
Residual $ = 28,866
Residual % = 61%
MF = .00175
Payment $609 + 6% state sales tax
Security deposit ??
Document fee $199
No cash down or trade equity
First payment and security deposit due at signing
Just wanted to know if those September rates would stay and equivalent for 2008 since inventory is getting slim pickings now, especially if I hold out for a 6-speed manual.
Tom
What is this new enhnaced MF for 2008 328xi and the residual for 10/12k for 36 months? Thanks a lot!
I was hoping you could provide me with the 36 month residual and base money factor rate for the 2008 335xi Sedan.
Thanks,
Steve
Where did you see the info for the new money factor, I have looked everywhere. BTW im getting the car for $1000 over european invoice
Including tax, title, and licensing, I was quoted $365 a month. I don't know if this is a good deal or not and I'm not sure if I can haggle the purchase price. Thank you.
Is the October BMWFS money factor on a 2007 328i sedan 0.0014 (10,000 miles 36 month)? Residuals 61%?
Finally, is the October BMWFS money factor on a 2008 328i sedan 0.00165 (10,000 miles 36 month). Residuals 61%?
Thanks for any help.
msrp = $45,375 selling price = $43,016 36mo. 10k per yr res.64% buy back $29,200 - $3,671 down + plates total monthly payment $554. Had to put up $1000. to start my car to be build, should be ready in 6 to 8 wks when ready for pick up i will have to give remaining $2671.down
I have received the following quotes from three dealers for a 2008 BMW 328i convertible
Alpine White
Saddle Brown/Black w/Dakota Leather Upholstery
Light Poplar Natural Wood Trim
Automatic Transmission
24month lease , 15K miles per yr
STERLING SHELLY CREVIER
PURCHASE PRICE $46800 $46800 $46800
MONEY FACTOR .00365 .00325 .00350
RESIDUAL 73% 63% 73%
DRIVE OFF BASE $1353.25 $1229.55 ----
ADQUISITION FEE $825 $625 $825
LEASE per MONTH 851.49+tax ---- $685+tax
Can you tell me if these MF are way too high? and if the residual are based on the BMWFS rates.
Thank you.
I'm sorry if this is the wrong place to be posting for the M3, but it kinda is a 3-series
I have heard that BMW leases used vehicles as well. If this is true, do you know the 36-month residuals and money factors of used M3s (2005 and 2006)?
Thanks!
I went to the dealer today and below is the quote they gave me. Do you think this is a good deal?
2008 328i
auto, steptronic, cold weather pckg.
12 miles/yr
36 months
Sale price $34507
Residual 63%
MF .00180
Total due at signing $2944
Monthly payment $431.75 including tax
I also asked about multiple sec. deposits. The payment would be $414 with $5600 down.
Take over my lease with ONLY 1000 miles on it. The car comes with automatic transmission, sports package, paddle shift, Navigation system, real time traffic information and real leather seat. MSRP for this vehicle is $46775 and I brought it on $44500. The vehicle exterior comes with very RARE Montego Blue with Black leather interior. I purchased this beauty on 09/03/07 at Weatherford BMW Berkeley, yes, you are right, this car is ONLY 1 month old.
Monthly payment is $640 and 22 months left on current lease. Mileage allowed is 12K a year. Buyer need to pay $450 for lease transfer fee to BMWFS and of course your credit need to be approved by BMWFS as well. If you interest to take a look this car, please email me at nicky1006 at hotmail. Thanks
MSRP 49870
Price 47145
36 mos
15k per year
Rate .00220
residual .61
acquis fee 775
fees: 318.00
5% md tax 2362.00
Total upfront: 3600.
$650 per month
I have negotiated acquisition fee to 625 and elimination of the training fee, but not applied to these numbers.
Thanks,
Thanks!
2007 328i Coupe
Premium Package
Negotiated price: $37,700
MF = .00155
Residual = 63%
Total up front/Drive off = $1100
Monthly (with tax) = $509
I think its pretty good so I'm thinking I'll take it.
I am interested in a 335i coupe, when you get a chance can you send me an e-mail with the information at integrity87@hotmail.com. Thank you.
I am looking at a 2005 330i Convertible w/ 5000 miles. Vehicle is Certified. The BMW dealer has it listed for sale at $39,900. They said that it can be leased also. I would like to know if this is a good purchase price and if so, what kind of numbers should I be looking for in a 36 Month lease? New convertibles are just out of my price range.
Thanks,
Bob S.
I am in the market and looking for a good deal on a 2008 335i coupe with all options except active steering and active cruise control. Please e-mail the info to:
i.am.mr.gold@gmail.com
Thank you
I have another 31000 miles to go and the lease expires in 27 months. You can take over the lease for 550 a month. I am in Arizona. You can reach me at omersm@gmail.com
Thanks
Abe
shawn.farrar@gmail.com