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BMW 3-Series Lease Questions
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Comments
I thought that maybe diplomatic pricing meant that the dealer's invoice was 5% less, in which case paying $500-$1000 over this (reduced) invoice would produce substantial added savings.
than USA POE - but not quite as low as European Deliv.
Example -
USA POE = $29,810
Euro Deliv = $27,720
Dipl = $28,320
Good luck!
- Ray
Did the Euro Deliv almost 2 years ago....
Very few dealers are going to be up on Diplomatic pricing.... and, those that are will probably try to take advantage of you...
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I just got an offer from my dealer, which I think is a pretty good deal> it may not be as low as some others have gotten, but I hate to haggle and would rather not call a bunch of dealers to compare quotes if I could avoid it. here's the offer:
335i xDrive, with options
MSRP: $57,695
Dealer Offer: $51,900
If I can't do significantly better than that, I'll pull the trigger this Friday. If the most I'd be able to get is another $300-$500, I'm probably not going to bother. Your thoughts?
Not a perfect deal, but not bad either. Don't feel like haggling and shopping around to lower the price by another $500-$600. I like the guy. It's the closest dealership. And since I'm leasing, the difference is maybe $5/month.
I'm happy. (I think.) MAybe I'll try to get free mats or something.
Thanks to everyone for your assistance.
Thanks again.
36month x 10kmiles
With 3500 Eco /1000 lease cash/750 loyalty.
585.00 tax included with 1000.00 out of pocket.
Is this a good deal?
The numbers for an otherwise identical lease of a 335i Sedan are exactly the same. The only difference in the programs on the two, and this is a relatively large one, is that there is a $1,500 cash incentive on the Coupe but no cash this month on the Sedan.
Car_man
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Car_man
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What you heard about leases with 10,000 miles per year is correct. 10k leases have higher residual values than 15k leases do and in turn they have lower monthly payments.
BMW Financial Services' base acquisition fee is only $725. If the dealer is attempting to charge you more than that, they're padding it. Make sure to look at that extra $200 in the context of the whole deal and ideally try to get the dealer to eliminate it if possible.
Vehicles' residual values are set in stone and cannot be altered by consumers or dealers.
Consumers who lease through BMW can put down extra security deposits to buy down their vehicle's money factor. This is different and preferable to a making a capitalized cost reductions because lessees actually get any security deposits that they make back at lease-end.
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The numbers for an otherwise identical lease of a 2013 335i Convertible are .00129 and 65%, again.
There is a $1,500 cash incentive on leases of both of these cars.
Car_man
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This is a great forum with tons of good advice. I'm new to BMW as well as leasing, and I would love to get into a 2013 328i xDrive sedan as cheap as possible (no options is fine with me). I saw one lease deal advertised near me (in Massachusetts), the MSRP is 41,295, and the offer is $309 per month for a 36-month lease with 10k miles per year and a $2999 down payment. I then contacted the dealer asking about the money factor and the residual, and they said .00159 and 65%.
Do these numbers sound good? Should I try to get them to reduce the money factor to .00129? Can I also avoid the down payment (I've heard that's a bad idea with a lease) and instead put down multiple security deposits instead?
Thanks in advance!!
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36month x 10kmiles
With 3500 Eco /1000 lease cash/750 loyalty.
585.00 tax included with 1000.00 out of pocket.
Is this a good deal?
MSRP: 43,045
Sale$: 40,201
24/12k: $417 +tax
36/12k: $382 +tax
Both with $5,000 at signing. The sale price seems fair but that seems high per month with $5,000 down, no?
Can someone please explain to me how does security deposit help when leasing a car instead of Down payment. And what is a MF and Residual on a used 2013 328xi, original MSRP $46.
THANKS.
Here are the mechanics of how to calculate your own lease, without a lease calculator. Understanding the formula comes in handy when you are at the dealership and do not have access to internet or a computer with a lease calculator. It’s pretty useful if you want to cross-check the dealers math.
What you need:
MF: The Money Factor. (You can find out what your interest rate is by multiplying the money factor by 2400)
RV: Residual Value. What the car is worth at lease-end.
CC: The Capitalized Cost AKA Sale Price.
LST: Local Sales Tax.
M: Term of the lease (24,36,48,etc)
I am going use the latest quote I got for the G37 I was shopping for as an example.
Step 1: Monthly Depreciation Charge
(CC – RV) / M
(32,916 – 22,185) = 10,731 / 36 = $298.08
Step 2: Monthly Finance Charge
(CC + RV) * MF
(32,916 + 22,185) = 55,101 * 0.00186 = $102.49
Step 3: Total Monthly Charge (plus tax)
(Monthly Depreciation Charge + Monthly Finance Charge) * LST
(298.08+102.49) = 400.57 * 1.0825 (8.25% tax) = $433.62
The actual quote I got is $453 a month. Why the $20 difference? Because they rolled in the Acquisition fee (bank fee) of $595 into the Cap Cost of the car. So keep that in mind next time you lease. Its probably better to pay that upfront. Otherwise, that $595 ends up costing $720 after all is said and done.
i'm in the market for a 328i as well. did you lease yet? i'm curious to know the deal you ended up with.
You definitely can, and should, avoid making a capitalized cost reduction on your lease. Of course, eliminating the cap cost reduction will make your monthly payment a little higher, but it's the right thing to do on a lease. You could if you wanted to lower your payment by making multiple security deposits.
Car_man
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BMW FS' April buy rate lease money factor and residual value for a 36-month lease of a 2013 328xi Sedan with 15,000 miles per year are .00129 and 62% for consumers who qualify for its top credit tiers.
Car_man
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And finally per this offer (http://www.leasetrader.com/lease-specials/2012-BMW-328i-16418.xhtml) from an apparently direct dealer, the fees are almost $1400 - is that standard?
Thanks a lot for all the info/insights
Thanks a million,
Gd0t
328xi
Black Sapphire
Black Leather
Moonroof
Burl wood interior
Heated Seats
MSRP: $42,745
$1,500 total out of pocket
$500/month ($455 + $45 tax)
Seem reasonable?
36month x 10kmiles
With 3500 Eco /1000 lease cash/750 loyalty.
585.00 tax included with 1000.00 out of pocket.
Is this a good deal?
SALE PRICE 41k
base model
premium,tech,cold pack
12/36
0 down.
~3000 tax and fees etc at signing.
440/month
is this a good deal?
Any advice will be appreciated......Thanks
Also, what is the official MF on same car?
Thanks!
MSRP $47K
Sale price 44000
MF .00129
RV 64%
12/36months
0 down
575/month x36 months everything included.
Is this a good deal?
https://www.surveymonkey.com/s/EdmundsForums
G'luck!
57345 msrp
36month 10k miles
Don't remember exact selling price but with 1000.00 out of pocket it was 585 with tax included .the program was a 3500 Eco credit with 1000.00 lease cash and 750.00 in loyalty.They now have 500.00 credit towards first payment and a 1000.00 credit for a ultimate drive event .So the out of pocket should go to 0 and my payment should be reduced as if I put 500 of real cash .That should bring my payment to approx 570 with tax. I can put the multiple sec deposit of 3850 to bring the payment to 525.00 which I might as I get that 3850 back at the end if the lease .Is this a good deal and is the 3850 tied up for the lease worth the 45.00 less per month ?
Btw, found a very good, straight-talking, honest salesman in D.C. area. If anyone needs a recommendation let me know. Would be happy to help out.
Note that the price includes a Diplomatic Discount (5% off base MSRP). So I think I paid about $600-$700 over actual invoice. I probably could have done a bit better. But, as I see it, it was a fair deal for both parties. Even if I managed to get another $500 off, on a 3-year lease, the actual saving is maybe a couple of hundred bucks. I figured: pay $200 more and get the deal done quick.
If you're shopping, send him a quick email with the price you want to pay, and see if he accepts. (You can tell him Giovanni referred you.)