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BMW 3-Series Lease Questions

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  • Hi Carman, the selling price is roughly 48,600.
    Thanks
    B
  • 335is must be rare as the local dealer says "either invoice +$700 "OR" BMW FS MF and resid, but not both. Is it unreasonable to request invoice and BMW FS rates? .00145 and 60% 3yr 15k/yr
  • Hi Car Man and kyfdx,

    I have the following lease offer for a 2013 328i convertible with MSRP of $53,495.00. I'm about to take it so please let me know if it's as good as it sounds!

    30mth lease w. 10k miles/yr
    Money factor 1.3
    Residual 71%

    Selling price: $48,988.01
    Residual Value: $38,981.45
    Monthly pymt w. tax: 444.79

    Drive off : $3995 (cap redux of $2,048, bank fee of 725, plus tax, license, registr, and first month)

    What do you think??? Thanks!
  • tgdctgdc Posts: 2
    Thanks for providing this service -- it's incredibly useful.

    I have a couple of questions:

    1. What's the money factor / residual value on a 2009 328i/328xi coupe?
    2. Crazy to lease one of those rather than a new one?
    3. The "we'll make your first three payments" deal applies just to CPO purchases, not leases, right?

    Thanks again for all the great info here.
  • njmdxnjmdx Posts: 17
    hey Car Man,

    would appreciate your feedback on a lease deal I just made.

    2013 328i x-drive sedan
    jet black/leatherette
    moonroof
    heated front seats
    BMW Assist

    MSRP -$41,595
    cap cost - $38,800

    $1500 out the door including first payment
    plus 35 more payments of $499/month

    thanks
  • Thanks for the additional information, bdubbmw. OK, so you're interested in leasing a 2012 335i Sedan that has an MSRP of $52,500 and a selling price of $48,600. That is a total discount of $3,900.

    This car probably has a spread of right around $4,000 between its full MSRP and its dealer invoice price. It looks like you're getting this car at right around invoice, which is a good deal.

    Just make sure that the dealer subtracts the $750 loyalty cash from that if you are eligible for it and that they use BMW FS' buy rate lease money factor of .00115 to calculate your payment.

    Car_man
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  • Hi keith92. I don't think that may dealers are going to be willing to lease a 2013 335is at invoice plus the use of the buy rate lease money factor. That sounds a little aggressive to me.

    Car_man
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  • Greetings gti326. I'm not sure what you mean by a money factor of 1.3. BMW FS' buy rate, the best available rate for this car, is only .00145.

    Having said that, the selling price that you were quoted for this car looks very attractive to me. As long as the money factor is reasonable, I personally don't see any reason not to go for it.

    Car_man
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  • You're welcome tgdc. Unfortunately, due to the relative lack of popularity and the large number of variables that are associated with used vehicle leases I do not personally keep tabs on their details.

    While there are some attractive CPO deals from time to time, consumers often find that the difference between the lease payment for a CPO vehicle and a brand new one is not nearly as large as they thought it would be. This is the case because automakers usually provide a significantly higher level of support on new vehicle leases to drive their production and in turn profits, or at least revenue.

    You definitely should compare the price of leasing a similar new vehicle to that of the CPO vehicle that you are considering leasing before pulling the trigger.

    Car_man
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  • Hi njmdx. Assuming that you didn't wualify for the owner loyalty cash, it looks like you got this car for right around, or possibly slightly less than $1,000 over dealer invoice. I don't think that's unreasonable at all for an AWD 3 right now, as long as the dealer didn't inflate your car's money factor. Enjoy your new ride!

    Car_man
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  • thanks car_man, great advice, great site

    is the olympic drive $1,000 + 750 loyalty + 300 app discounts additive? seems like i can get there with these incentives.

    kinda stuck on the N54, must be the 2010 335i Dinan stage 2 i just sold (dohhhh)

    thanks again
    keith
  • Got an offer back on a new 2012 328i Convertible with Cold Weather Pkg, Premium Pkg, BW Assits, Navi. This will be my first lease and I am not quite convince the numbers I was quoted are good or not. Can anyone please give some insight on whetehr they are good, bad or recommend some good valus?

    Cap Cost 48750
    Acq Fee 725
    Doc 121
    Residual Rate 61%
    Lease Factor rate .00175
    Down Pymt (1st Month Payment + Doc + Acq Fee) ~1638.00

    At first I thought it was good, but researching I think the numbrs may be improved. Thanks in advance
  • Hello Car_man, can you tell me if this is a good deal for Texas (zip 78733)? can it be improved?
    2013 BMW ActiveHybrid 3
    Mineral White Metallic with Leather Dakota Black/Red
    Sport Line with Premium and technology pkg, rear-view camera, Harman Kardon sound.

    MSRP $60,770.00
    Sale price $55,000 + tt&l
    sales tax: 6.25%
    Acquisition fee: $925

    48 months, 12,000 miles per year
    $1990 due at signing
    $779 per month

    48 % residual: $29,169.60

    Thank you,
  • You're welcome and thank you Keith.

    Two of those incentives are fairly obscure, so I am not positive, but I suspect that they are all compatible.

    Car_man
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  • You're in luck mrtowers. BMW just introduced a $3,500 cash incentive on the 2013 ActiveHybrid 3 for October. That better than the zero they had on this car last month, so your timing is great.

    After backing out the incentive, you are being given a dealer discount of $2,270 on this car...unless you are eligible for the $750 owner loyalty cash as well in which case the discount is even less.

    That discount probably puts you at slightly over $2,000 over invoice on this car (again assuming that you aren't eligible for the loyalty cash). That's not terrible, but if you are in an area that has a decent level of competition I wouldn't be surprised if you could do better. Then again, I'm not intimately familiar with the market for the 3 Hybrid...but I doubt that BMW would be throwing incentive money at it if they were flying off of lots.

    Car_man
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  • Hey Guys

    I have the following first quote for a 3 year 10k miles lease on a new 2012 328 i
    Premium package, Cold Weather package, BMW Assist with enhanced Bluetooth

    MSRP 41, 945

    down payment - 4888 (includes first month payment)
    414 + tax for 35 months.

    Let me know what is a good figure to get at when i go in for negotiations.
    Thanks
  • trulyindiantrulyindian Posts: 3
    edited October 2012
    Hey Guys.
    Ignore my post above. Here is the new thing

    I moved to the US sometime back and due to certain issues my credit score dropped (issue was small, but since my history is very short, it affected my score by more than what its worth).

    Anyways, BMW FS put me at progressive credit range(I believe that is 601-639 ouch!) and has approved me for a 30 month lease on a new 328i. (30 month as I am a foreign national and my visa expires in 34 months. i think my approval has got to do with my high income).
    The quote I have right now is

    2012 328i
    MSRP 41 945 (premium, cold, bluetooth with bmw assist). 30 months/ 10k miles a year

    7k downpayment (includes 1st month's pay), (385 per month + tax)

    I believe this is a lot . Given my credit situation I want to know what's a good deal for me and what should be my number to negotiate.
    I wanted to know the right lease rate or money factor for this credit tier. It is important for me to know this so that I can have the right negotiation with the dealer.

    It will be great if you guys can help me out
  • jpradsjprads Posts: 2
    Would appreciate any feedback on this potential lease in the bridgeport ct area

    2013 328xi 4 door. 12k/36 month. 61% residual

    msrp-44445 (sports line, nav, heated seats)
    current offered price/Cap cost- 42100 ( I may have some wiggle room here)
    monthly payment-550 + tax
    MF-.00145 (I am not a returning BMW customer, is this a good rate or can I get this at a lower rate like .00115?)
    2260 due at signing (1st month, aq fee of 925, dmv fee 185, doc fee 500, taxes)

    Any thoughts on how to better the deal?

    Thanks.
  • May I ask for the Residual value and MF for BMW 328 24 month or 36 month, for 10K/year?
  • Hi,

    New to this forum and new to leasing. I was hoping to get some input as to the deal I am working on with a local dealer in Central New Jersey.

    I am looking at:

    2013 BMW 335i Xdrive Sedan
    ALPINE WHITE
    BLACK DAKOTA LEATHER
    COLD WEATHER PKG
    M SPORT LINE
    PREMIUM PKG
    STEPTRONIC AUTOMATIC TRANSMISSION
    HARMON KARDON SURROUND SOUND

    MSRP: $52,290
    NEGOTIATED PURCHASE PRICE: $49,030
    RESIDUAL VALUE: 61%
    MONEY FACTOR: .00135

    I am trading in my 2010 Nissan 370z Roaster, I currently owe $26,000 on it and they are giving me $27,000 on a trade-in.

    I am being offered a 36 month/12,000 mile per year lease at $572 per month (total payment) with $1,980 out of pocket.

    Can anyone tell me if the offer seems strong? Dealer said that this is the best they can do for me. Any input would be greatly appreciated. Thanks!
  • You certainly may ranwangx. BMW Financial Services' October buy rate lease money factor and residual value for a 24-month lease of a 2013 328i Sedan with 10,000 miles per year are .00135 and 69% for consumers who qualify for its top credit tiers.

    The numbers for an otherwise identical 36-month lease are .00135 and 62%.

    Car_man
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  • eithan1eithan1 Posts: 1
    edited October 2012
    Hi,

    I got an offer to lease the 2012 328i Convertible with M3 protection and premium package for $550 a month including taxes + a $7000 out the door. 36 months, 10K miles per year. I'm in San Francisco so I guess there may be many taxes involved?

    I'm a foreign national with ~700 credit and a first buyer.

    Does that sound right?
  • Greetings eithan1. The payment that you were quoted for this car sounds way out of whack to me. In October BMW was advertising a lease on the 2013 328i Convertible at $469 per month with $3,000 down. The car that you are interested in may have more options than the advertised one, but still that's a big difference.

    Part of the problem may be that you sound as though you have a limited credit history in the United States. That may be affecting your ability to qualify for BMW Financial Services' most attractive lease program.

    Still this doesn't strike me as being a good deal. What are this car's MSRP and selling price? If you let me know I could do a more thorough analysis of this deal.

    One other thing, $7,000 is way too much money to pay at signing on a lease. I always advise consumers to put as little money down as possible down when leasing. Consumers who pay a ton of money at signing risk losing part or all of that money if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, it is much safer to go with a zero down lease.

    Car_man
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  • Hey Car man,

    Looks like BMW is offering 1K holiday credit this month. Any new numbers that you can provide us for MF and residual value for 328xi for 36 mo lease with good credit score?
  • HELP!
    Hi Car Man & other buyers,

    I went in yesterday to a local SFV dealer inquiring on a 2013 328i sport MSRP $40,545
    alpine white exterior / black leatherette interior
    Options : Sport line (2,500.00) and BMW assist for 1 year ($650)

    Here's the breakdown, I thought there were several weird factors here what say you ?

    39 Mos lease
    15k miles per year
    MF 3.48% or 1.45
    Residiual now 55% - down from %59 ?!?

    Selling Price $38,000.00
    Residual $22,299.75
    Total Depreciation $11,876.61
    Capital Reduction $ 3,823.64
    Monthly Depreciation $ 304.53
    Monthly rent $ 81.89

    Mo Payment $ 386.42
    Tax (8.75%) $ 33.81
    monthly total 420.23

    Drive Off
    Cap reduction 3,823.64
    cap reduction tax (8.75) 422.51 ----that is not 8.75% of 3,823.64 so i call B.S.
    license and registration $371.75
    Bank fee - $925 inflated by $200 much ?
    Doc fee $80
    First payment $420.23
    _________________
    Total drive off $6,043.12 minus the 1k holiday cash bonus $5,043.12

    To me there seems to be a lot of cheated factors here including the monthly payments,
    am I going crazy or does this seem like a bad deal, and could the sell price go lower to 37k perhaps?

    ALSO HOW DOES EVERY 1K DOWN AFFECT MO PAYMENTS (DEALER CLAIMS THAT EVERY 5K DOWN ONLY LOWERS BY $20/MO..... I ALWAYS THOUGHT THAT EVERY 1K LOWERS PAYMENTS
    BY ABOUT $40?????

    Thanks for your help
    Ilan
  • hi carman,

    just wondering if you had the bmw fs residual/mf rates for a 2013 335i and 328i, for 12k/36 month leases?

    thanks!
  • qbrozenqbrozen Posts: 17,599
    every $1k is roughly $30. Of course, that varies based on all the data.

    Where is the security deposit?

    I can't help you on the other info.

    '13 Stang GT; '15 Fit; '98 Volvo S70; '14 Town&Country

  • Hi All,

    I am considering leasing a basic BMW 328i and noticed that a lot of dealers have specials on them right now...What's the best deal folks have seen around the country? I'm in Chicago and willing to travel to get the best deal possible for a lease...I know these are decent deals but what else have people been able to negotiate and what's the best deal you have gotten for these cars? Thanks for your help!!!

    Schererville BMW

    •$238* per month
    •24 month lease
    •10,000 miles per year
    •$3,000 down payment
    Includes Premium package, heated seats and steering, satelite radio.

    McKenna BMW
    $299*/month for 36 months.
    • $2,750 Down payment
    • $0 Security Deposit
    • $925 Acquisition fee
    • $3,775 Cash due at signing
    Not sure what packages options are included...
  • Thanks, that's what I had thought. My dealer ran around some bs answer that every 5k barely shaves off $20 which sounded whack to me.

    As for the payments I think their a bit high in terms of sell price. From 40.545 to 38.000 seems like it could get lower.

    There is no security deposit on this lease just a bank fee which they inflated by $200 and destination charge which is always $895
  • These both seem like good deals to me considering that your first option is probably a 38k + model. As well as the fact that its a 24 month lease but then again your maintaining a higher residual.
This discussion has been closed.