Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see May lease deals!
Options
BMW 3-Series Lease Questions
This discussion has been closed.
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
2011 BMW 335d
Optional Items
Sport Package
Premium Package
Heated Seats
Ipod
Keyless Entry
Sirius Radio
MSRP 51,925
ECO Cred 4,500
Neg 2,300
Cap Cost 45,125
No money down. No security deposit. Monthly payment $640. Honestly, I forgot the exact MF and residual. I believe the MF was 0.0024.
I was told that the MF was fixed by BMW FS and that it could not be changed, even before I negotiated on price. I have not counter-offered yet, but was wondering what people felt of price and payment.
Thanks for any help. Cheers
2010 335I Xdrive
MSRP $49,0505
Base Cap Cost $43,850
MF Rate .00051 (base rate for current BMW finance customer .00100 less 7 Multiple Security deposits)
12K miles a year 36 Months
56% residual
Payment $491.43
Out of pockets is the first month, security deposits and $925 bank fee.
Definitely need advice here. I'm considering the lease of a dealer DEMO car with the following specs:
2009 335xi Sedan
6,400 mi
$3,500 total drive-off
$507/mo (incl tax)
36 mos, 10k mi/yr (car cab be returned with 36.4k miles)
Cold Weather Package, Premium Package, Comfort Access, Nav, Satellite radio, Logic 7, and ipod/usb.
Original MSRP was $53,120.
I do not know the MF or residual-- but does that have any bearing here since it's essentially a "used" car?
I'm put off by the $3500 drive-off, though it seems on par with what many people pay. And I'm trying not to think of it as a used car as no doubt this lease payment would be much, much higher were at a 2010 with no miles. It has a couple minor dings (arrgh)-- but I think I can be sorta zen about it despite my perfectionism...lol.
(I'm really torn between this car a new Audi Q5. The Audi is only $2k down but is $100/month more... which works out to $1,600 more for the new Audi over the same 36 mos period. So I'm agonizing between the two-- and I don't know if the 335xi deal is worthwhile to begin with.)
Thoughts?? I'm trying to determine if this is a GREAT deal, a GOOD deal, or nothing special.
THANKS!!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I'm in the SF bay area. Here're the invoice costs on the 328i coupe I want to order from the factory.
vehicle: 33305 (MSRP on 2011 car is 36200)
black sapphire paint: 500
automatic: 1305
sport package: 1320
moonroof: 955
Total invoice comes to 38260
I talked to the internet sales manager on the phone and she quoted me 38860 for the price of this car and added in $300 (arbitrary?) for a total of 39160. I have a $1000 discount coupon from a BMW driving promotion and am planning to put $5000 down.
For 36 months and 10,000 miles is $450/month a good deal on this car?
MSRP = 51925
Invoice = 46860
Maco/Training = +600
Floor mats = +135
Eco credit = -4500
Selling price = 43095
so the dealer profit is = $2030
No dealer is going to sell the car without any profit (its not charity!) so you need to ask your self how much would you let the dealer make out of this deal. Once you do that add that to the selling price and tell him this is what you would pay for the car.
MF is published by BMFS every month. For June the base money factor for a 335d 36m/15k is 0.0021. The dealership is allowed to mark up on the MF, and its not a surprise either. (there's a cap of 0.0003 i think) Residuals are set solid as well. its at 55% for june.
Your deal: I think you can go lower on the selling price and improve on the money factor. Try shooting for what you think is fair. Hope this helps. Good luck. :shades:
The cap on MF markup for BMWFS is .0004...
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
$900 over dealer invoice is a reasonable selling price for this car.
I see that you are considering making a $5,000 down payment on your lease. I always advise consumers not to make large down payments on leased vehicles. Those who make them risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered. Even though it means your monthly payment will be slightly higher, you're better off going with a zero down lease...at least one without any capitalized cost reduction.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I am looking for the money factor and residual for a 328xi sedan, 36 months, 15,000 mi/year, $0.20/mi
I am a returning customer. My 328i wagon goes back in July.
Thank you!
2011 BMW 328i Sedan
Space Gray
Beige Leather
Premium Package
Value Package
Steptronic Auto Transmission
Heated Seats
Navigation
Satellite Radio
MSRP - $41,550
Invoice - $38,855
Your price - $39,055+ tax and license($200 over invoice, includes floormats)
36 month lease
12k miles per year
MF- .00210 (buy rate for BMW loyalty customers)
Residual - 62% ($25,761)
$1920.61 total cash out of pocket
Payment - $505.39 + tax
All the numbers are spot on. The sell price looks very reasonable but, I don't like the 0.00210 buy rate. The only other concern I have is the $1,920.61 out of pocket expense. Obviously, there is no cap reduction (down payment). You didn't indicate your state and sales tax rate, so I can't compute the tax. Can you itemize the $1,920.61 out of pocket? I need exact numbers, not ball park or rounded numbers. Then, I'll be in a much better position to evaluate your deal.
John
John
http://www.bimmerfest.com/forums/showthread.php?t=460470
I read somewhere that returning customers get a 0.0005 discount on that rate under the current customer loyalty deal. Not sure if that is true or not.
Thanks! Yes, that's a huge help and certainly confirms the buy rate (AKA base rate) for the 328i as being 0.00210. If it's true that the customer loyalty discount is 0.0005, then that may mean a money factor of 0.00160 if the discount applies to the base rate. I can't imagine why it wouldn't.
John
1) What is the customer loyalty money factor?
2) The residual % assuming 3 years $10,000?
3) About how much should I pay over invoice?
4) What additional costs, if any, should I expect to pay at lease inception.
I live in Houston, Texas.
Thanks,
I hope the 0.0005 discount for customer loyalty is true. Also, I'm not sure if it applies to both 2010s and 2011s, or just the 2010s.
black,navigation,premium,coldweather, logic 7 sound, steptronic
$51475 MSRP
$42900 Selling
36 month 15k a year.
54% residual - miles driven =51.6% or 26566.50
.0017 money factor
$586.54 base payment
$ 35.19 Tax
$621.73 monthly payment
Due at signing
$621.73 monthly payment
$650.00 Security deposit
$425.00 Cap cost reduction
$ 38.34 Tax on cap cost reduction
$249.84 title,doc and plate fee's
1984.91 total due at signing
ere's the car specs:
4500 miles
Description MSRP
Model 1043 335xi USD 42,300.00
Color 668 Jet Black N/C
Upholstery LCSW Black Dakota Leather N/C
Options ZCW Cold Weather Package 1,000.00
465 Fold down rear seats N/C
494 Heated front seats N/C
ZPP Premium Package 2,650.00
319 Universal garage-door opener N/C
430 Auto-dimming interior and exterior mirrors N/C
431 Auto-dimming rearview mirror N/C
488 Lumbar support N/C
4NA Digital compass mirror N/C
639 BMW Assist with Bluetooth System N/C
203 All-wheel-drive N/C
205 STEPTRONIC automatic transmission 1,325.00
248 Heated Steering Wheel N/C
4AB Dark Burl Walnut wood trim N/C
609 Navigation system 2,100.00
615 Online Information Services N/C
620 Voice-command N/C
677 Logic7 sound system with Surround Sound and Dig... 875.00
6AA BMW TeleServices N/C
6AB TeleService Control N/C
6FL iPod and USB adapter 400.00
6UH Real Time Traffic Information N/C
Net Total 50,650.00
Destination Charge 825.00
Gas Guzzler Tax N/C
Total Suggested Price 51,475.00
Thank you!
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 who have 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
Host
Prices Paid: Buying & Leasing Experiences Forum
Lease terms: 24 months, 10k miles, $5k down
328i xdrive coupe (premium pkg + nav)
563/mth
MF: 0.00225
Residual: 69%
I was browsing other forums where they mentioned that the automatic transmission credit was extended till august? Can someone kindly confirm before I negotiate with my dealer again? Thanks you!
But, you are also correct... No MACO on European Delivery vehicles.... Are you taking ED?
regards,
kyfdx
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Enjoy your new ride!
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Also, the money factor that you were quoted for this car is too high. BMW Financial Services' June buy rate for a 24 month lease of a 2010 328i xDrive Coupe is currently only .00185 for consumers who qualify for its top credit tiers.
Lastly, the easiest way to tell how good a deal this is is to look at this car's MSRP and selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without the selling price, it is difficult to tell how large a dealer discount you are being given and in turn if there is any room left to negotiate. Let us know what these numbers are and I'm sure that either myself or another knowledgeable community member will gladly tell you what they think.
The options credits were indeed extended.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I live in NY/ Westchester County and am thinking about leasing a BMW 328xi. 36 months/ 12K miles per year. Looking for Premium Package, Value Package, No Nav (but open to it), Black or Silver, Black Leather Seats. I am going out with the following request to dealers via email:
Money Down: $0.00
Taxes, Licensing, Doc Fee: Will pay upfront (anyone know how much I should be paying, all in, for taxes and licensing in Westchester County?)
Monthly Payment of $475.00 desired.
Am I dreaming on the $475? What's a good price with $0.00 down?
Can anyone comment on their experience with a 2010/2011 328xi in NY/NJ/CT? Issues? I am extremely apprehensive about leasing a BMW in the Northeast.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
1. Does BMW Finance lease CPO? I read on their web-site that they do, but I would like some confirmation before I explore more into this option.
2. Assuming they do, is the money factor they use to calculate the payment on new leases same as on CPO?
3. Is it possible to negotiate a zero down on the lease and have the cost built into lease payments?
4. Is the payment on 2 year lease more or less than a 3 year lease?
Here is my thinking for Leasing a CPO instead of a new one:
I don't HAVE to drive a brand-new car.
Leasing a 2009 vehicle (with about 20K miles) for 3 years 10K miles per year should cover me fully with initial warranty. Is that correct or will I have to buy some sort of extended warranty?
They lease new ones with MSRP of 38K for about 359/month after 3500 down (cap cost reduction). This means that they are financing 34.5K. So, if I get my CPO for lets say 30K, and I do not pay any Cap cost reduction, my payments should still be less than 359/month as they are now financing only 30K.
I would appreciate if someone can tell me whether my reasoning is correct or completely flawed.
Thank you in advance for your help.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
Thanks in advance
Thanks
Can you tell me the July lease rates for a 36 month 10M mil lease for both a 328 sedan & a 128convert, Thanks
Thanks,
BK in Atlanta
The numbers for an otherwise identical 36 month lease are .00195 and 62%.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
As you can see, the money factor that you were quoted is still quite a bit higher than this. Chances are, the dealer that you are working with is attempting to mark your car's factor up to add additional, hidden back-end profit to your deal. BMW dealers are notorious for doing this. If there is a decent supply of this car in your area and a couple of dealers to provide competition you should be able to find one that will lease you this car using the buy rate.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum