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BMW 3-Series Lease Questions

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  • Hi mikekx. This particular discussion is about leasing a BMW 3-Series. I would be happy to respond to any questions that you have about leasing a 128i Coupe over in the "BMW 1-Series Lease Questions" discussion. Thanks.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Thanks Car_man much appreciated.
  • Hi Car_Man,

    I'm in Los Angeles and just got a lease disclosure sheet for a 2009 328xi for 3 years and 36,000 miles and wanted to run some of this by you. I don't have much of a clue when it comes to these things. I've read some other comments here and would appreciate your insight. It seems to me to be on the high side. Now that I've read up on things, putting down $5000.00 doesn't sound like the right way to go. And given that others here are getting $401.00 a month with $2500.00 down...it seems to me that I might be getting hosed....Here's what I'm looking at:

    Lease Disclosure

    Price: 39,000
    Cap Reduction: 3,410.33
    Net trade: .00
    Additional Charges: 1,175

    Cap Cost: 34,414.67
    Residual 60% 25,080.00
    Factor .0023500

    Additional Charges (Capitalized)
    Acquisition Fee 825.00
    Rebate -2,0000.00
    Base Payment 399.11
    Sales Tax 38.91
    Property .00
    Cap Reduction 3,410.33
    Security Deposit .00
    Cap Reduct Tax 527.51
    Other Taxes 4.39
    Additional Charges 619.75
    Cash Required 5000.00
    Cash Received 5000.00
    36 Payments of 438.02

    Additional Charges (Inception)
    Document Fee 45.00
    License Fee 450.00
    Tire Tax 8.75
    Elec. Filing Fee 29.00
    Registration Fee 77.00 +

    Any thoughts?

    Thanks in advance,

    Westportquay
  • loxo33loxo33 Posts: 2
    I'm seeing dealers quote $1,000.00 Lease Cash incentive on 328xi sedans, does the same incentive apply to coupes?
  • bmwinebmwine Posts: 1
    I am looking to Lease 09 335I sedan, coupe, convertible or 2009 M3 Coupe and would appreciate any input. I bought my first BMW in 04 through BMW FS when I was still wet behind the ears and do not want to make any of the same mistakes. My credit/FICO score is above 750, zero debit, and income above 70K.

    1. Are 2009 335i sedans,coupes,convertibles or a M3 Coupe selling below invoice or at invoice?
    2. What is BMW's current rate/money factor and residual values?
    3. Is the lease cash offer from BMW $1,000.00 or $2,500.00?

    Lease: 36 Months 10K Miles a year
  • lngolngo Posts: 1
    Car_Man,

    Is the 2009 328i Sedan lease for $329 still valid? I see a banner on socalbmw.com but when i clicked on it is listed for $349 instead, also it seems like the $2000/$2500 lease cash incentive for 328i/335i is down to $1000 now according to the website, is the free automatic transmission upgrade offer gone as well for So Cal customers? What is the current money factor and residual for 2009 328i sedan? Should I wait until Nov to see if they will bring the original deal back?

    Thanks a million!
  • Car_Man,

    want to pick up and lease a remaining 09 bmw. looked all around (leasecompare, bimmerfest) can you please provide rates for 2009 models?

    I am looking for
    2009 335i convertible
    2009 z4 35i

    and any incentives if you have access to that!

    Thanks in advance for all the helpful insight! :)
  • Hi CarMan,

    36 payments a month at 438.02 after an initial down payment of $5000.00 seems excessive to me. Any insight would be appreciated.

    Thanks in advance.

    Dan
  • I put a deposit down on a 2009 335 X Drive Coupe over the weekend. I want to make sure that the deal I got is on par with what others have obtained. Unfortunately I do not know the Residual, MF & final sales price. I know that sounds ridiculous but please read on. I'm hoping that if someone knows a lot about lease formulas and what the true BMW residual & MF were they would be able to evaluate the deal I got. Here are the specifics and thank you in advance for your help!

    335 X Drive Coupe
    Term: 36 Months
    Mileage: 15K / Year
    MSRP: $52,895
    Invoice: $48,700
    BMW rebate: $2,500 (I know for sure this was applied)
    Cap Cost: None (Put down 1st month, security and bank fee only..Total $2,200)
    Monthly Payment: $625 (Including Nassau County tax of 8.75%)

    I'm going to call the Sales guy and find out the residual, MF and sales price that was used but again I would appreciate some insight on the numbers above. Thank you!
  • cdnpinheadcdnpinhead Forest Lakes, AZPosts: 3,262
    We could probably help you back into this if the options you're getting were listed, including the color (most colors cost extra).
  • I apologize I thought that just the MSRP and Invoice amounts would suffice. The options are: Premium, Navigation, Cold Weather, Ipod, Sat Radio and the color is Jet Black. Thank you again for your help!
  • ivndivnd Posts: 5
    Hi Carman!

    My BMW 06 330i lease is coming to an end this Oct. 26. I want to know if I will be able to negotiate a lower price than the residual value of $28,300 that BMW FS wants.

    I currently pay $500.15 monthly and it was a 36 month lease.

    I have gone over miles.
    I have contacted my original dealer and they said the BMW FS told them that they will not budge on the residual value. Not sure if I should believe this or not.

    I have talk to other folks and they have said to wait a couple of days before the lease ends and BMW will be reaching out to you to see if your going to purchase the car or not.

    What I want to know is how I can negotiate with them so they can bring the price down? I have noticed my same car for sale with other dealers going from $18k to $24k in price.

    Should I contact another dealer and see if they can get me a better price???

    BTW- when I first started the contract, I put down $3,000.

    Need some help on this soon. Thanks.

    Ivnd
  • I just got offered a 3 yr, 15K mile lease on a 2010 328xi sedan with sport, premium, value, satellite, ipod, navigation for $640/month including tax. Negotiated price is $200 over invoice. Is this a good deal? Thanks.
  • jslighjsligh Posts: 15
    Car_Man (or anyone else)

    Looked through the posts and haven't seen recent lease MF and Resid information for a 2009 328i Coupe 36 mo/10K. Can you please provide this information? Also will the MF be different for a returning BMWFS customer?

    I see there is $2K lease cash on the 328i coupe now. Would there be additional loyalty cash? Turning in an '06 330i sedan by next weekend.

    Thanks,
    J
  • jslighjsligh Posts: 15
    Possibly...I actually spoke to my existing BMW dealer and another regarding a 2009 328i coupe. In case anyone needs to know, I was given MF .0015 and Resid 61% on a 2009 328i coupe 36 mo/10k lease. Still $2,000 lease cash, but not sure of any other lease incentives besides possible loyalty cash. Hope this helps others.
  • Carman or anyone else. What do you think of this deal for a 2009 328i Sedan lease in Philadelphia.

    MSRP: 41,150
    Cap Cost: 38,000
    Term: 36 months
    MF: .00250
    Resid: .59
    Miles: 15,000
    Monthly Payment: 525.14
  • You're very welcome, alexryan1.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • I'd be happy to take a look at this deal, Westportquay. You're right, $5,000 is too much money to pay at signing on a lease. Even though your monthly payment will likely be higher, you will be much safer going with a lease that has a lot less due at signing.

    I see that this car's MSRP is $39,000 but I'm not sure what its selling price is. This is an important number to know because the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. I see this car's capitalized cost mentioned...but I assume that it is after the deduction of the down payment that you are being asked to make.

    The best way to negotiate a good deal on this car would be to look up its dealer invoice price over in the New Vehicle Pricing section of Edmunds.com. Then subtract the $2,000 cash incentive from that and add a few hundred dollars back for the dealer.

    Once you have arrived at a selling price that you are happy with, have the dealer calculate your monthly payment using BMW FS' buy rate lease money factor of .00225.

    Car_man
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  • Hi loxo33. Yes, BMW is currently providing a cash incentive of $1,000 to $2,000 on leases of the 2009 328xi Coupe through BMW Financial Services. The exact amount of this cash incentive varies by region.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • Hi bmwine. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 335i Sedan with 15,000 miles per year are .00225 and 56%, respectively. The numbers for an otherwise identical lease of an '09 335i Coupe are .00165 and 57%. The numbers for an otherwise identical lease of an '09 335i Convertible are .00180 and 56%.

    The numbers for 36 month, 15k leases of the '09 M3 Sedan, Coupe, and Convertible would all have a money factor of .00280, but their residual values would be 49%, 50%, and 47%, respectively.

    The residual values for leases with 10,000 miles per year would be 3% higher.

    These cars' cash incentives vary from $1,000 to $2,500 by region, though there is no cash on the M3. If you tell me what state you are in I should be able to give you an idea of what the specific allowances are in your neck of the woods.

    As far as how much you should pay for these cars goes, try stopping by the "BMW 3-Series Prices Paid and Buying Experience" discussion for feedback on that topic.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Car_Man,

    Ok...here's where I am on this thing. I'm being told that the money factor is .00255 which still seems a little high. Maybe it's because I'm not a returning BMW customer. I'm now putting down $2500.00. 59% residual. I'm being told that payments will be $459.00. They are throwing in the floor mats.

    MSRP at $38,850.00

    Edmunds lists the invoice price as being $36,000.00. It lists TMV as $33,096.00.

    MSRP $38,850.00

    $36,380.000 wholesale - 1250 dealer rebate = $35,120.00.

    Total Cap Cost Reduction = $2230.26

    Net cap cost is $32,856.15

    What do you think?

    Thanks again.
  • Hi lngo. To the best of my knowledge all of the cash incentives that you mentioned are still available in October. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2009 328i is .00220.

    Car_man
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  • Here's the information that you're looking for, narcolo. BMW Financial Services' current 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.

    BMW Financial Services' current buy rate lease money factor and residual value for a 30 month lease of a 2009 Z4 35i with 15,000 miles per year are .00090 and 63%.

    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.

    BMW is currently providing a $2,500 cash incentive on leases of the 2009 335i Convertible and $3,000 on leases of the 2009 Z4.

    Car_man
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  • Hi ivnd. Unfortunately the fact that you put several thousand dollars down when you signed your lease on this car will not have any impact upon its end of term purchase price. This car's purchase option is based upon a straight percentage of its full MSRP and it will be exactly the same regardless of whether you had put nothing down or $10,000 down.

    It's difficult to say whether BMW Financial Services will be willing to negotiate your car's purchase option price. More often than not banks won't, but it wouldn't hurt to place a call directly to them to see if they would be willing to work with you. If your initial contact at the bank isn't willing to do so, you can always work your way up the ladder to a manager to see if you get any better results.

    Car_man
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  • Hello mgoblue4. $200 over dealer invoice is an excellent selling price for a leased 2010 328xi Sedan. Just make sure that the dealer that you are working with uses BMW Financial Services' buy rate lease money factor of .00225 to calculate your monthly payment and you're in business.

    Car_man
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  • I'd be happy to help you out, jsligh. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 328i Coupe with 10,000 miles per year are .00150 and 61%, respectively.

    This money factor is the same for returning BMW FS customers, but the security deposit will be waived at no additional charge for returning lessees.

    The $2,000 cash incentive is all that is available on leases of this car for both returning or non-returning customers.

    Car_man
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  • Hi sewarker. The money factor that you were quoted for this car is too high. BMW Financial Services' current buy rate for a 36 month lease of an '09 328i is only .00220. It appears as though the dealer that you are working with is marking your car's factor up to add additional back-end profit to your deal. If I was in the market for this car, I would insist that the dealer use the buy rate to calculate my monthly payment.

    The car that you described probably has a spread of around $3,250 between its full MSRP and its dealer invoice price. Add to this the $1,000 cash incentive that is currently available on leases of it and you have a total of around $4,250 to play with in your negotiations. That puts the capitalized cost that you mentioned at around $1,100 over dealer invoice. That's not a bad deal, but if there is a decent level of competition in your area you may be able to beat it by a couple hundred dollars by shopping around.

    Car_man
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  • BMW Financial Services' October buy rate lease money factor for the 2009 328xi Sedan is .00225. This factor would increase to .00240 for non-returning customers who wish to have their vehicle's security deposit waived. Anything over that and the dealer is attempting to mark your car's factor up to add additional back-end profit to your deal.

    Car_man
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  • Given the figures I mentioned, what would the payments be at .00240? Is it a big difference vs. the .00255 that they've quoted me?

    Thanks.
  • The MSRP is $41,195. The dealer is willing to sell the car for $37,500. When, I tried to work a lease deal with no money down, 36mo, 10k, 60% residual...they quoted $546 plus tax.

    I am a returning BMWFS customer, so i would think my rate would be better than this...any thoughts?
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