Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
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
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
27 months, 10,000 miles
2600 down including taxes and everything, and there making my first payment which is 330.
do you guys think i can find a better deal than that?
I am looking to lease a 2011 - 328Xi (am still debating for a good deal between this and a Z4. i will write a seperate question on that to avoid confusions)
MSRP = 42640 (with Nav)
what should be the best buy price.
1. is it true that there is a 1500 rebate from BMW
2. i am a current 2011 BMW owner - so is there a $1000 loyalty rebate. is it true that instead of the 1k loyalty i can get 0.0003 MF reduction. if that is the case, i should go for the MF reduction.. isnt it?
3. is there a 1500 options credit (NAV,etc.,) or what is the right amount.
4. should i assume that i can get 8% from the sticker and then apply the above 3 (1500+1000+1500=4k). to bring down the buy price around $35.5k or closer to this.
5. for 27 month lease- 15k miles residual is 69% and 12k miles is 71%
6. what is the money factor in my case.. should it be .00185 or anything better?
if the above is true should my car payment be in the range of
15k miles = 367 (385 with tax) - down payment includes first month + lice title = 917
and
12 miles = 337 (353 with tax) - down payment includes first month + lice title = 886
please help me with this.. these dealers make it so tough..
thanks in advance !!
I was hoping you could provide me with the December lease terms (residual/MF) and let me know if there are any incentives available for a leftover (new) 2011 M3 Sedan. Since many folks are getting 2012s a little above invoice, I have to assume that I'd get a few grand under invoice for a 2011. Details: 36 months, 12K and 10k miles
Many thanks!!
2011 328xi sedan, alpine white/saddle leather, prem. pkg., value pkg. navigation, heated steering wheel, sirius rafio.
MSRP 42,265
Sale Price $39,065 (includes paying last three payments on my current BMW 5 lease- $1607)
27 months term - dealer makes first month payment.
$1500 build out cash applied
$1,000 owner loyalty applied
MF .00110 - Ehanced owner loyalty reduction
8.875 tax rate.
72% resid.
every expense rolled in, includign taxes, and other fees. I show up with total out of pocket of
$440, which incluces DMV and other incidentals.
Quoted $465 per month. Agian, only $440 out of pocket. all taxes rolled in and my last lease payements rolled in. How does thsi compare? Any comments woudl be appreciated.
The vehicle must be taken by 1/03/2012.
Also - Mercedes offers a reduction if you use auto pay - does BMW offer same, Dealer said no?
Selling price should be $36,913 with your last 3 payments of $1,607
I have an out of pocket of $248 which is transfer of plates, doc fee, NYS insp. and NY Tire Fee. What else are they charging you in there??
Monthly payment of $393.08
Looks like you can still save $72 per month!
I am the King of new car deals don't leave any money on the table! I do this everyday, 7 days a weeks, 365 days a year.
1st month's payment gets waived
What are you doing with the bank fee?
MSRP $40775
Cap Cost $34375
MF .00131 (7 MSDs - orig .0018)
24/10k
$390/mo incl taxes
no mention of them covering 1st month payment
2011 328xi Sedan, Black Mettalic, Black Dakota leather
Navigation
Premium 2
Value
Heated Steering wheel
BMW apps
MSRP $42,815 including destination
He is asking $3500 total out of pocket $405/month for 27 months.
What do you guys think? Is this a good deal? I would really appreciate your responses since I need to buy one soon.
Titanium Silver
Convenience package
Premium package
Value package
Navigation system
MSRP: $43,375
Sale price: $39375
Residual value: 62%
Money factor: 0.0022
No security deposit
35 months / 12k miles
Acquisition fee: $925
"Up front" cost: ~$1000
Sales tax: 6.24% (south Texas)
Monthly payments: $603/month total
Does this seem reasonable? When I plug these numbers into different lease calculators, I get similar values. However, I see many people posting their offers with payments in the $400s. Am I missing something?? Are people putting "down payments" in order to decrease their adjusted cap cost (I was under the impression that you shouldn't do that)? This is my first lease and I greatly appreciate any and all input. My goal is to work another dealer with a slightly different build to a sale price around $38,000 or so, giving me payments around $530/month. Thoughts??
Thanks, everyone.
based on the current financials and how BMW is providing the residual, the 27 months is 71%.. this means, your car looses only 29% value due to depreciation in 27 months. due to this reason, you have a much lower monthly payment.
acquisition fee - is high, negotiated buy price is higher, i have seen people in the post say it is around 35-37k for your MSRP. upfront cost seems to be reasonable, as it could be first month payment + title.
as Bimmer points, moneyfactor is high.
The $1,500 dealer cash can be combined with the loyalty offer.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The 2012 328xi Sedan is not available yet. It's difficult to say how much it will cost to lease one when it is available.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Thank you so much for your information. I plan to be going to BMW the week after Christmas.
Happy holidays to you and all fellow posters.
I just got a quote for the same 328xi with premium, heated steering wheel and sat radio. These quotes are NO money out of pocket. Only plates and DMV.
All quotes include sales tax of 8.75%
$423/mo 10K
$439 12K
Want a non metallic with Nav?
$435/451. 10K/12k
This is metro NY area. Includes $1500 dealer cash. Must take delivery by end of year.
Someone mentioned you can take loyalty cash on top of the $1500. Is this true?
msrp= 42,815
resid @ 72% = 30,827
invoice = 40,885
lease factor = 0.00110
upfront total = 1700 (includes incentives)
mth pmt = 496
seemed like they could have lowered the invoice price more from the msrp but opinions/advice as to if this is good or could be better would be welcomed. Thanks.
Also, i'm turning in a 2009 335xi coupe with 20k miles on a 45k (3 yr total) lease, a few months early. Should that have any impact on the new lease? I would think it would help given the low milage.
2011 328xi
Premium pkg
Navi
$38,200
.00185 money factor (sales guy said that this comes from the bank - or BMW - and is not neg)
71% residual
$479/mo for 27 mos. - 12k miles a yr
$400 out of pocket to drive away w car
Any and all thoughts would be appreciated (especially from car man on the money factor).
Thanks!
Blk sapphire w/premium, heated seats and wheel, navi, dakota, and rear seat fold down. MSRP 43250
Nothing out of pocket at all except plates and DMV. All taxes rolled in. $456.44. First month waived
Is this a good deal ??
i being who i am, i will never put such a large down payment. all i will be willing to put down is - title fees around 600$. I heard the first month lease is being waived by the dealer and is willing to pay it for you .
Total MSRP as built is 40,815 taken for 10K miles a year
as you take the buy price lower than 35k, your monthly will keep dropping. i heard dealers are aggressive now.
the residual should be aroudn 72% for 10k miles. you are better off taking 12k miles as the residual is only 71%. to avoid any additional mileage. but this depends on your needs.
again, i personally dont like to put any down.. keep it to the lowest minimum possible and take the 27 month route.
How does it look now..? They are not willing to negotiate on the downpayment keeping the same monthly payment. The 2895 is including all title/tax and dmv fees.
Is this a better option..?
Or raising the monthly payment and then bringing down the donw..??
MSRP is 40185
Sale Price 36795
Please let me know if its a good deal.
you are getting aroudn 10% discount on the sticker to buy price. i have seen a little higher than that.. around 12% will be great.. but anythign over 10% is a bonus.. your call there.
i am seeing a lot of people getting first month waived
down, 2895 - will have around 600 in title. then the rest has your first month approx 300, that leaves 2k that goes into cap cost reduction and acq. fees.
if you took monthly payment to be slightly higher you will get it to approx 385 or so including state tax/monthly. add 15 per month for 12k miles.
so 87$ per month for 27 months = 2349...
so you have two options, reduce the "buy price", convert to 12k miles, or reduce the down payment, or reduce the monthly payout..
so any combinations.
Also what APR do we usually get for a great credit score..?
I'm trying to negotiate a 600 down ( title) and 325$ per month for 10k miles/27 months. But needed to know for sure what incentives I am eligible for before going back to the dealer.
Pls help...
MSRP - $49,175
36 mo/ 10k year
Includes:
M Sports Leather Steering Wheel w/Paddles
BMW Apps
Navigation
BMW Assist w/Enhanced BT & USB
BMW Assist w/Enhanced BT & USB
Premium Package
Dark Burl Walnut
Satellite Radio w/1 Year Subscription
M Sport Package
Offering $800 drive-off (includes first month payment and title). $567 month plus FL taxes. Is this a good deal?
MSRP $35975
Cap Cost $30800 ($1500 lease cash applied, no loyalty)
Total out of pocket due at signing $295 for new plates and fees, dealer makes first payment
Monthly Payment $365.xx including tax
I think I did allright. Thanks to everyone who posts valuable info here - made the process much easier.
MSRP 40655
27 months / 10K miles
The dealer have locked in 1200 out of pocket( DMV taxes and stuff) and 315 monthly.
I'm on my way to the dealer now and will be trying to get him to eat my first month payment also.
Is this a good deal ?
Thank you!
Is 58% in the ball park?
Thanks from Miami
Down payment $1,647 (includes first month payment)
Dealer quote $435/mo including 9% sales tax
Period 27 months
The BMW website shows special leasing offer - $329/mo for 27 months with slightly higher deposit.
Any suggestions?
$465 - 1st Payment
$725 - Bank Acquisition Fee
$302 - DMV fees
$279 - Doc Fees
$6 - Tire Tax
$1777 TOTAL
Do these numbers seem correct and am I in charge of Bank Acquisition fees at signing in cash??? Thank you!!!
I will be paying $292 per month for 27 months 12K miles per year. Down payment was $2300 (decided to pay taxes upfront). Also provided $2100 refundable deposite to bring money rate down to 3%.
Please make sure that you are getting money rate per your credit score. Also bmw is making first months lease payment upto $500 under special promotion so you should not be paying for it for sure.
Carefully try lease brokers like neweraleasing if dealers are not negotiating.
Good luck!
That looks like a great deal. I've been given a quote from my dealer in NJ which reads as
MSRP 40655
Sale 36130
27 months/ 10K miles
Money factor .0022 ( They say it comes from the bank and thats the best they cud give ..I see that mostly all other dealers I talked to are giving .00183..Is this negotiable or how do I bring it down )
Out of pocket = 1595 ( which includes taxes/dmv/ bank aquis and stuff)
Monthly lease = 325
Which was the dealer in NJ that you took the car from?
If you would please share how I can get the dealer to agree on "bmw is making first months lease payment upto $500 under special promotion" it would help.
Can you please share the dealer's name from where you got this promo.
Thanks again.
http://www.bmwrox.com/index.htm
I had a great deal in writing for $465 a month with $1777 at signing in fees. The MSRP was $50,775 with sale price of $45,629 and then $2000 in rebates on top of that with the special MF of .00120. Well these scam artists claim they couldn't get car shipped to dealership in time before the programs end because no one would pick up phone at other dealership. They even said they don't have any cars to work on another deal before Jan 3rd. They gave me the dealership that the car is at now and the salesman there claims that my dealership was most likely giving me the run around or messed up numbers because they don't add up correctly. He was at $524 and $2967 at signing if I wanted to drive 2 hours away but I'd have to go tomorrow. I am back to square one and not happy if you could imagine. What numbers are you at with your dealership?