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BMW 3-Series Lease Questions

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  • edmunds tmv was off about 2k on my deal. don't let them charge you any markup on the MF. they aren't charging you an acquisition fee since you're OVERPAYING so much.

    first of all since you are renting this car you should not put any money down other than drive off costs. if you get into an accident and the car is totaled or stolen you lose all of your money down. if you have decent credit you should not be required to put a deposit down as well.

    they're only cutting 1400 dollars from MSRP! i've seen people on here getting as much as 10 percent off of msrp and invoice at WORST. i got a little over 10 percent. in this economy you should be getting at least 4k off and up to 6k off. it looks like they're only giving you 2.5 percent off of msrp which is a bad deal in any economy.

    seriously, fire some emails off to some northern or southern cali dealers thru this website or autotrader and let them compete for your services. there are something like 14 dealers in southern cali alone. convertibles bimmers are luxury items and they're sitting on lots.

    i'd pay somewhere between mid 700s to 800 for something optioned like yours. i was looking at porsche caymans and boxsters in the mid 55 to 58k range and was getting quotes in the low 700s on a 56k boxster with only drive off fees.

    MSRP: 60,150.00
    Amount due at lease signing (itemized below): 4,270.90
    Total of Payments: 35,543.65
    Customer State: Washington
    Customer County: KING
    Itemization of Payment
    Agreed Value: 58,736.68
    a) Gross Capital Cost 58,736.68
    b) Capital Cost Reduction -1,000.00
    c) Adjusted Capital Cost 57,736.68
  • smithsongasmithsonga Posts: 123
    anyone know the August rates? I just got an email from my sales rep saying they have a 3 month pull ahead and $2000 lease cash towards 328 sedans. I asked for the MF and residual but he has not replied. I like to run my own #s.

    Anyone have details yet?
  • It can qualify for the clunker rebate if it has a base price under $45k and meets the fuel economy restrictions (like the 335d does) and of course if you trade in a clunker.

    However, the $4500 mentioned is not the clunker rebate, it is a BMW incentive (I think they call it an ECO Credit).
  • anowlananowlan Posts: 48
    And I was wrong. The 335d's base MSRP is just shy of $45K, so it may qualify for Cash-For-Clunkers.
  • anowlananowlan Posts: 48
    Again, I believe that the base MSRP of the 335d is under $45K, so it MAY qualify for cash-for-clunkers in addition to the EcoCredit. Please correct me if I'm wrong
  • aiyeraiyer Posts: 3
    I am considering Leasing for the first time. I have been negotiating with local BMW dealer over last week and here are the details. Please let me know if this is any good.

    2009 BMW 328i xdrive with Automatic/Cold weather package/iPod - MSRP 40195

    Invoice 37195
    xDrive credit 1850
    Lease cash 1000

    Net cap 34345
    Residual 60%
    Money Factor .00225

    7% sales tax

    398 per month for 36 months 10K per year

    Down payment:
    Acq fee : 720
    Doc fee : 168 (DMV. License plate)
    First month: 398
    1300 plus 1395 sales tax= 2750 cash down.
  • is this payment including monthly sales tax?

    looks pretty good except for the money factor. i don't know what the mf is fo august. my july one was .00175
  • aiyeraiyer Posts: 3
    If i include sales tax, 38 plus 398 = $436 per month and 1300 down.
  • Hi guys, I already signed a deal. But I would like to be comfortable.
    I paid net out of my pocket $4,524 includes everything. tax, 1st month, last month, registration, licence, everything!
    Then, $378/mo. for 36months.

    2009 328i coupe, sport package+heated seats+Ipod

    IS THIS A GOOD DEAL?

    thanks everyone!
  • kaleasekalease Posts: 1
    1. How come you didn't have the bank fees ?
    2. Is the money factor 57 or 60 because you had only 10 K miles ?
    3. Which dealer is this ?
  • what is msrp? cap cost? money factor? mileage? 4524 sounds like a lot for out of pocket costs. but overall it looks good.
  • MSRP is 42,095.
    Cap cost ( i think the down payment ? $2200)
    I will have 10K mile per year.
  • Car Man, Everyone,

    I was looking into purchasing a 335i and was quoted a money factor of 0.00180 for being a new BMW customer w/o a security deposit. I was also told that with the maximum security deposit, my money factor would be 0.00165 (a rate which Car man recently quoted in July). Can you guys confirm that this is still accurate and valid for current August pricing?

    Also, does anyone know what the latest BMW Fin money factor and 15k residual value % are for a 2009 M3? Are there any current cap cost reduction offers as well?

    Thanks,
    Aaron
  • Hey guys, my first posting here...

    I'm trying to negotiate for an 09' 328i gray sedan/automatic/power/heated/seats/17" wheels, MSRP $38,295.
    I want my out-of-pocket (including all taxes/fees/1st month) to be $3000 and my monthly payment to be $350/month for 36 months. Can someone please tell me if these are realistic/achievable numbers? Are they too low, too high - any advice would be great, thanks!
    P.S: (I would be looking at one of the NY tri-state area dealerships, also I would be a repeat customer to FS as I'm returning my '07 335i sedan).
  • aiyeraiyer Posts: 3
    Yes, they are doable. I currently have an offer for $399 per month for 36 months with $1400 down. This is for 328i xdrive, MSRP 40,175.
  • Hi this is my first post,

    I'm doing research on a 36 month 15k mile lease for a 2009 335 Xi. I received the following offer with these details:
    Options-
    Model 0943 335xi USD 42,000.00
    Color 896 Blue Water Metallic 550.00
    ZCW Cold Weather Package 1,000.00
    ZPP Premium Package 2,650.00
    205 STEPTRONIC automatic trans. 1,325.00
    322 Comfort Access system 500.00
    6FL iPod and USB adapter 400.00

    $45,945.00 Invoice
    Net Total with options 48,425.00
    Plus Destination Charge +_825.00_
    Total Suggested Price $49,250.00

    I was given a price of $715/month which includes monthly tax with a total drive off of $1,500 which includes all fees and first month's payment. I live in Southern Cal and it has to be shipped here. Can I do better on the deal? Thanks.
  • Quick question, why do these numbers generally seem higher than the lease offer listed on the main bmw website
    328xi w/ automatic/premium package
    41,100 msrp
    $369 a month
    60% resid value
    3350 down payment
    They only mention $1000 lease cash back without any other dealer reductions So i guess cap cost before down payment is 40,100, I'm sure that's well above invoice.

    I know the down payment they list is fairly high, but when i back into the money factor they must be using I get a number around .0005.

    Also does anybody have any recent experience with leasing the 335d, when including the $4500 eco credit. seems like it would bring cap cost down to around 328i levels.
  • doheny1doheny1 Posts: 5
    I got the following quote on a 328i. Please let me know if it is a good deal.

    24 month lease, 10,000 miles per year.

    MSRP: 39,000
    Options:Automatic, navigation, ipod, bluetooth
    Sale Price: 35,500
    Monthly Payments: 538 (including tax)
    Due at signing: 1350 (including first month payment).
    These numbers include the 2,000 rebate and transmission credit.

    Please let me know. Can it go lower?
  • Hello,

    What is the money factor and residual in august for a 09 335xi coupe? I was quoted the following:

    MSRP: 55,750
    Sales: 51,200
    Money Factor: 00160
    Residual: 60.5%
    Monthly payment: 700
    Term: 36 months and 10K/yr
    Down payment: 0 (except taxes, first month payment and fees)

    Is this a good deal?
  • ags121ags121 Posts: 3
    hi guys, can you help me with this, I actually have two questions. I am looking at a 3 yr 10k/year lease on 328i xdrive that has been used a demo model(has about 400 odd miles). The first question involves the lease sheet. The msrp is 42,450, and below that on the sheet I see a selling price of 37,770. However the figure for total capitalized cost is 39,388.8. Doing out the math, I can tell the 39k number is the one being used in the lease math. Shouldn't these numbers be the same?

    Second question is does this still seem like a deal? After the 39,388 theres a 1k cap reduction(I would guess bmw lease cash?) so I end up putting $4,400 down(additional 2k cap reduction on my part) at signing and paying 440 a month(all Ny state taxes included in the upfront payment ) Despite the mismatch between selling price/msrp i believe it's not a bad deal, but shouldn't the two numbers be the same? Thanks guys.
  • I've been negotiating with a dealer on a 335i 6mt coupe and think I have a good deal (thanks to reading this site), but would love to get some feedback:

    MSRP: $50,925
    Negotiated Cap: $47,415
    MF: 0.00175 (I'm aware that this is a tenth markup)
    Residual: 60% (only 10k/year)
    36 mo lease
    $0 down
    $2,500 lease cash credit
    Drive-off: $2,043 (first payment, MACO, Training/Svc, tax)
    Monthly Payment: $613

    Couple questions:
    1) is this a good deal as is, or should I push further?
    2) should I negotiate the MF down to the base 0.00165 (I don't mind the dealer making money since he worked hard, but would rather not have their markup be a function of interest)
    3) should I put a few security deposits down to lower the MF further (I can tie up the cash for 3 years)?

    Thanks,
    Mike
  • Sorry, MACO and training are actually part of the negotiated cap cost.

    Thanks,
    Mike
  • kball2kball2 Posts: 38
    Mike,

    I am looking at a similar car and have a few questions:

    1) What is the $2,500 lease cash credit? I am aware of $1,000 lease cash credit, but not $2,500.

    2) What was the purchase price you negotiated prior to rolling the other fees into the lease?

    3) What is MACO?

    4) I am assuming $613 is before taxes?

    Thanks
  • annaz1annaz1 Posts: 4
    Car_man,

    I was hoping you (or someone else on this board) could give me your opinion on the terms of this deal:

    Lease: 2009 328i Jet Black/Leatherette with Auto and IPOD

    36 mo, 10K miles
    MSRP = 36150
    Sale Price = 34800
    Residual = 60%
    MF = 0.00236

    Monthly payments = 347.19
    Cash up-front = $3000 (including all fees)

    The $1260 auto credit and $2000 lease cash have been applied to bring down the cap cost.

    I believe the dealer is looking at a profit of about $1440, but the MF seems to have been adjusted higher (am I right?) for additional profit.

    Any advice or opinions would be greatly appreciated.

    Thanks.

    Anna
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    No problem nachinc. Thanks for the additional information. OK, so you were quoted a selling price of $32,157 on a 2009 328i that has an MSRP of $34,425.

    This car probably has a spread of around $2,750 between its full MSRP and its dealer invoice price. Add to that the $1,000 cash incentive that BMW is currently providing on leases of it and you have a total of around $3,750 to play with during your negotiations.

    You were quoted a dealer discount of $2,268 on this particular car. That probably is equivalent to around $1,450 or so over dealer invoice. I personally would want a slightly larger dealer discount of I was in the market for this car in an area that has a decent level of competition.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi anowlan. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 335d Sedan with 15,000 miles per year are .00250 and 53%, respectively. You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Here's the information that you're looking for, oto1125. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 335i Coupe with 10,000 miles per year are .00165 and 60%, respectively.

    When negotiating your lease on this car, make sure to take the $1,000 cash incentive that is currently available on leases of it into account.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi mgoblue4. The last time that I checked, BMW had not yet introduced a lease program for the 2010 3-Series. The only '10 models that it has a program on right now are the 5- and 6-Series.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi smithsonga. BMW Financial Services' August buy rate lease money factor and residual value for a 36 month lease of a 2009 335i Convertible with 15,000 miles per year are .00180 and 56%, respectively. You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.

    When negotiating your lease on this car, make sure to take the $1,000 cash incentive that is currently available on leases of it into account.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi Aaron. According to the latest information that I have seen, BMW Financial Services' buy rate lease money factor for a 2009 335i Sedan is .00225 for returning customers or new ones who pay a security deposit in August.

    BMW is not currently providing any lease support on the 2009 M3. As a result, if you were to lease one through BMW Financial Services, you would have to use its standard lease program. I believe that its standard lease money factors vary by region, but its buy rate for this model should be around .00285 right now give or take a few points. BMW FS' current 36 month, 15,000 mile per year residual value for an '09 M3 Sedan is 49%.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
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