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BMW 3-Series Lease Questions

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Comments

  • jasonmdbmwjasonmdbmw Member Posts: 117
    It will vary widely depending on your history and score, debt to income, money down, etc. If they are quoting you that high, then the base rate is probably .00168
  • alldayleoalldayleo Member Posts: 11
    Hi Carman. I went to the dealer today these are the numbers he gave.

    Msrp $49,425 (Sport Line Pkg, Premium pkg, Driver Assistance pkg)
    Residual 61%
    MF .00120 based on a 36 month lease 15k a year

    (He said he discounted the car $4000 to bring the overall pricing down)

    Monthly Payment $530.13

    Total due at delivery $3,332.65 including 8.875% tax

    Does this sound legit, and this a good deal? I told him I'm looking for payments south from $420
  • anandr165anandr165 Member Posts: 3
    Thing is they weren't willing to do any better even with more money down.
    From what I've read online, providing money down/security deposits upfront should help lower interest rates but that didn't seem to help here.

    I'm currently debt free.
  • leoblueleoblue Member Posts: 19
    edited September 2013
    Looks quite legit to me.

    Here's my calculation, please double check my math:
    CC: 45,425
    RV: 30,149
    Depr charge: 15,276/36: $424/month
    Fin charge: (45,425+30,149)*0.00120=90.68/month

    Monthly payment before tax: $424+91=$515/month

    Due: Tax: 515*8.875%*36=$1622, Acq: $725, DMV: $400, total: $2747.25

    My calculation shows a little lower but close to their numbers. So please check my math. If it's correct, ask you dealer to show you how they got to their numbers.

    You can knock around $35 off monthly payment by doing 7 Multiple Security Deposit.

    If you want payment south of $420, the dealer needs to knock another $3000 out of the price (for total of around $7000 off MSRP) and apply 7 MSDs.

    Good luck and let us know what you end up with.
  • alldayleoalldayleo Member Posts: 11
    Thank you very much. So do you think I should take the deal?

    Quick question how exactly do MSDS Work? And how can I apply it?

    -Leo
  • carguy778carguy778 Member Posts: 33
    Looks way too expensive. For that much go for 5 series or Lexus GS.
    I leased my 328xi Msrp ~47500k for 509/month with 15/36. TTL separate.
  • crazybmwcrazybmw Member Posts: 4
    edited September 2013
    Hi Car-man and all other experts reading this!
    I was given a deal, not sure about it so I brought it here :) 36month/10k
    2013 335is cv
    MSRP $67xxx
    after discount, tag,fees, taxes (6%), dealer fees, BMW incentives etc.. $65xxx
    Net lease (zero down) $771/month
    They wouldn't tell me but I think 0.00145 used for money factor. Residual 63%

    What is the money factor for Sep? and is it a good deal? or not-
    Thanks.
  • bbcirebbcire Member Posts: 44
    Thank you.

    I was wondering about the current $2k build out and $500 conquest cash. Are these available on any 320i lease with dealers participating the the advertised 320i lease special? Do you try and get price close to invoice before taking these into account or after.
    Also, are the USAA discounts generally available in addition to the above?

    Thanks again to everyone. This board is very helpful.

    EBB
  • lynx918lynx918 Member Posts: 1
    edited September 2013
    Leasing a new build 328i with premium, technology, cold wx, dynamic handling, lighting, manual trans, and a few other smaller options.

    Sale price $47,150
    Residual 58%
    $649/mo (includes tax)
    Only plates due at signing
    Tier 1

    Thoughts?
  • jobiejobie Member Posts: 47
    Can you provide the current residual and money factor for the 3 Series GT 3.5, 12K miles per year, 36 month lease? Much appreciated!
  • zekiribzekirib Member Posts: 6
    What is the current residual for a 2014 320i?
  • jasonmdbmwjasonmdbmw Member Posts: 117
    MF is .00125 and RV for 12k is 62%
  • jasonmdbmwjasonmdbmw Member Posts: 117
    58% for 36mo@15k miles. 60 for 12k and 61 for 10k
  • harry1966harry1966 Member Posts: 1
    edited September 2013
    got a quote today for lease 36month 12k/yr

    52425 msrp
    sell 49,000
    2500 upfront tax/fees/1st month
    60% residual
    money factor .00125
    $631 per month

    ct 6.025% tax
    total cost for 3 years $24,585
    I feel like something is off??

    what do you guys think. I feel like the monthly payment is a little off should be closer to high 500's
  • bumbledeexbumbledeex Member Posts: 1
    I got a lease quote from a dealership a few days ago.

    Cars MSRP 49000

    total due at signing 5067.62
    includes all taxes and fees and additonal 2100 out of pocket to reduce monthly costs.
    monthly payment 36 months 399
    is that a good deal ?

    I don't know much about money factors or anything like that but the dealership owners are friends of the family and they said this is the best they can do.

    PS this is for a 428xi with Msport & and heated seats & park assist as additions.

    this is in NY tax is over 8%
  • jobiejobie Member Posts: 47
    Glad I asked - a dealer I'm negotiating with said the MF is .00135. Isn't this set by BMW FInancial Services?
  • kyfdxkyfdx Moderator Posts: 235,200
    The base rate is set by BMWFS... but, dealers are permitted to mark up the rate by as much as .0004 (for extra profit)

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  • dave1602dave1602 Member Posts: 2
    Below is a quote for a 328xi lease with cold weather, sport package, navigation, driver assistance, and premium package.

    MSRP: 50,225

    I had a 1,000$ for being a loyal BMW customer (to be used by end of October) and dealer said this would make final price for car after he gave me a discount, 47,500$

    With 5,600$ down 3 year 36K mile lease after 8.75% tax= 500$ a month.

    Is this a good deal? I'm new to leasing so I'm not sure. Should I try to get the car at 47,500 and then have them apply the 1,000$ discount I received from BMW? Any help would be greatly appreciated.
    Thanks
  • carguy778carguy778 Member Posts: 33
    edited September 2013
    Someone is trying to take you to the cleaners man.
    Why, in the world, do you want to put 5k down.

    I dont think its a good deal. The 1k should be taken off from the final sale price. 7-8% off MSRP - should be your target. You should be paying around 650/m all in with zero down, I think. Remember its not your car...you are just renting it. Pay less.

    Hope it helps.
  • dave1602dave1602 Member Posts: 2
    I was going to put 5,000 down to lower payment to 500$ a month but you're right I will go with no money and just pay more and work on the dealer to lower final sale price.

    I appreciate your advice.
  • konacougkonacoug Member Posts: 196
    Hello to all.... I have been reading the posts here for quite sometime and I am really amazed at the bad info given out to people looking for advice regarding their potential deals. It is pretty easy to figure out if your deal is any good by, accurately getting the invoice price of the car, the set residual for the model, the money factor(if it is a lease) and any added costs, ie doc fees, lease acquisition fees, plus knowing what credits and rebates are available to the buyer.

    My advice to anyone who is interested in a BMW, do all of your negotiating via email...do not go into the dealership. If you lease, do not put down money as a cap reduction, instead do the multiple security deposits(MSD's). You can lower your monthly payment significantly and you will receive all of your deposit money back at the end of the lease. For example, on my deal I put down 7 msd's, which lowered my payment by $40 per month, on my 3 series. I only paid my fees and license costs. Remember, if you put down money and something happens to your car, your money is gone, that includes prepaying taxes on a lease.
  • hybcardhybcard Member Posts: 8
    Hi folks

    Can some one please post what prices they have paid recently for a 320i in CA along with options.

    Thanks in advance
  • konacougkonacoug Member Posts: 196
    Hey Hybard,

    I leased my 2013 328i in the LA area, with only being eligible for the USAA rebate and my cap cost was $1000 under invoice. You could do much better right now, there is a $2000 build out credit on the 3 series and if you attend a BMW ultimate drive event, you would qualify for another $1000 credit. The dealers will want to get rid of their 2013 stock and screaming deals are available.
  • areyes1010areyes1010 Member Posts: 20
    I am considering a 2013 and 2014. Price will determine which vehicle I choose.

    328Xi, Luxury Line, Navigation, Lighting, Cold Weather, Premium, Driver Assist.

    What are the residual and money factors? I have excellent credit.
  • kyfdxkyfdx Moderator Posts: 235,200
    36 mo, 15K mi/yr

    2013.. .00125 and 56% residual... $2000 build-out cash

    2014.. .00125 and 58% residual...

    That $2000 should more than make up for the 2% higher residual on the 2014... plus, you should be able to get closer to invoice price on the 2013...

    I'd estimate that the 2013 model should be $40-$50/mo. cheaper to lease, apples to apples..

    regards,
    kyfdx

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  • jc2527jc2527 Member Posts: 8
    Can you tell me the residual and MF for 2013 320xi with 10k miles/yr and 36 months? I was quoted 56% and 0.00165 today.
  • bmwcprbmwcpr Member Posts: 1
    The 2013 328xi, 15k/36 mo loaded ( cold weather, premium, xenon, nav) lease is exactly what I am looking at.

    I am somewhat of an ignorant female when it comes to these things but I am a business woman so I need to know if I'm being taken advantage of.

    The dealer is offering 42,330.94 adjusted cap cost, down from initial 44,100.00 and $500.00 rebate for being a repeat BMW owner.

    I have $3500 to put down and they are offering $530.00 a month (including taxes/fees)

    I have two questions based on the above:

    1) Am I entitled to build out cash beyond the rebate?

    2) How do I determine residual value? Is it my payments plus the down, times the length of the lease?

    Thanks.
  • kyfdxkyfdx Moderator Posts: 235,200
    2013 320xi with 10k miles/yr and 36 months

    .00125 and 56%. They are marking up your money factor the permitted maximum.. I'd check the acquisition fee, as they are probably marking it up to $925, as well, from the $725 base.

    regards,
    kyfdx

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  • kyfdxkyfdx Moderator Posts: 235,200
    To do any lease calculations, you need the MSRP. That's the bottom number on the official Monroney sticker.... not any additional sticker that the dealer adds...

    Is $44,100 the MSRP? Or, was that just their first offer?

    1) I think the build-out cash is a dealer incentive.. You should certainly take that into account when determining a fair selling price/cap cost, but it's not a rebate to you from BMW...

    2) Residual value is a percentage of that MSRP number I described above.. on a 36mo/15K lease on the 2013 328Xi sedan, it is 56% of MSRP..

    regards,
    kyfdx

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  • cat70cat70 Member Posts: 5
    I am in the process of leasing a 328i 2013 in The California Bay Area/San Francisco area. Does anyone know the BMW residual % for September? and the money factor rate? Thanks for any help
  • kyfdxkyfdx Moderator Posts: 235,200
    2013 328i sedan.. 36mo, 15K mi/yr lease

    .00125 MF and 56% residual.. $2000 in build-out cash

    regards,
    kyfdx

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  • areyes1010areyes1010 Member Posts: 20
    Is there anyway to reduce the money factor? The figure you posted seems high.
  • kyfdxkyfdx Moderator Posts: 235,200
    That is the base rate... the only way to lower it, is to make multiple security deposits (MSDs). If you make 7 additional security deposits, BMWFS will lower the money factor by .00049.

    Other than that, the rate is the rate... unless the dealer marks it UP, of course..

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  • areyes1010areyes1010 Member Posts: 20
    That's great. What is the amount and terms for bBMW's security deposits?
  • kyfdxkyfdx Moderator Posts: 235,200
    The security deposit is your payment, rounded up to the next $50 increment.. (payment is $379, then deposit is $400, etc..).

    So, in that example, 7 MSDs would equal $2800, refundable at end of lease.

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  • konacougkonacoug Member Posts: 196
    There is no way to determine if this is a good deal...you need to know the invoice and work from there. There is a $2000 build out credit on 2013's. Dealers are blowing out there 2013's. Again, do not put money down on a lease except for the drive offs. Use the money for multiple security deposits, which in turn lower the money factor, lowering the payments.

    The residual is set by BMW FS, the dealers have no say in it. The dealers can raise the acquisition fee to $925 and the money factor up to .00165, the base money factor is .00125.

    I would look for a deal at invoice, minus the incentives with base fees.
  • nator1nator1 Member Posts: 4
    For 2013 M3 Conv for 36mth at 12k miles

    Is the MF of .00125 and Residual of 62% the official BMW low offer?

    With the $1500 build out, what can I expect to pay compared to invoice?

    Thanks...Mike
  • kyfdxkyfdx Moderator Posts: 235,200
    edited September 2013
    I show .00125 and 59% for September..

    2013 M3s are probably few and far between..... no idea what sort of deal you can make, but I wouldn't hope for a lot... might have a better chance on a convertible than a coupe, though...

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  • andy187andy187 Member Posts: 26
    MSRP : $45974
    SP: $39500
    Residual : 56%
    MF : 0.00125
    Miles : 15,000 / 36 Months
    1000$ recent college Graduate.

    First Month Payment + Registration : 900

    35 Monthly payment of 499$.

    Is this a good deal?
  • vinnynyvinnyny Member Posts: 764
    Does anyone have the lease numbers for a 2013 328 and 335 convertible? I'm looking only at the convertibles and 36 months with 12k or 15k miles. Also considering the 135 convertible. Thanks!
  • kyfdxkyfdx Moderator Posts: 235,200
    Money factor is .00125 for both the 328 and 335 convertibles...

    Residual is the same for both, as well... 60% for 36mo, 15K/yr.. add 2% for 12K/yr.

    $1500 build-out cash for either.. $500 BMWFS owner loyalty..

    regards,
    kyfdx

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  • vinnynyvinnyny Member Posts: 764
    Wow, much better than the 135. Now I just need to find a reasonable priced 335 so that it will cost about the same as the 135.
  • andy187andy187 Member Posts: 26
    edited September 2013
    Hello,

    Can you please help me evaluate this deal? Is this a good buy?

    MSRP : $45974
    SP: $39500
    Residual : 56%
    MF : 0.00125
    Miles : 15,000 / 36 Months
    1000$ recent college Graduate.

    First Month Payment + Registration : 900

    35 Monthly payment of 499$.

    Is this a good deal?
  • cat70cat70 Member Posts: 5
    Looking for numbers for 10k mile lease. anybody have the numbers? any news on rebates as well?

    thanks!
  • kyfdxkyfdx Moderator Posts: 235,200
    36mo, 10K/yr lease on a 2013 328i sedan

    .00125 MF and 59% residual... $2000 of build out cash.. $500 of owner loyalty..

    regards,
    kyfdx

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  • nator1nator1 Member Posts: 4
    Kyle,

    It looks like the MF and Residual hasn't change for october for the 2013 335is vert from the bmwusa website. Do you see the same?
  • kyfdxkyfdx Moderator Posts: 235,200
    Yes.. the numbers look the same as last month..

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  • runandgun1373runandgun1373 Member Posts: 4
    Hello all!

    I am completely new to leasing a car and live in Honolulu, Hawaii, where there is only one (1) BMW dealer (monopoly!) I got a quote for a 2014 BMW 335i Alpine white with a sport line upgrade and coral leather interior upgrade.

    Not sure what all this money factor and RV stuff i am reading about is... just wondering if this is a good deal.

    $4,000 down
    $528.51 per month
    36 month lease
    10k miles a year

    what I see on their cost sheet they provided has...
    Rate: 1.45
    Residual: .61
    Acquisition fee: $925.00
    Rebate: $750.00
    Govt fees: $339.30
    Taxes: $1,067.84
    Doc fee: $195.00
    Adj Residual: $28,959.75 (cost to buy out at end of lease term)
    MSRP is $47,475.00

    sounds kind of high now that i am reading these forums.

    Any thoughts if this is a good / horrible deal? Any advice / feedback would be fantastic. thank you awesome community!
  • smdmssmdms Member Posts: 1
    Looking for 12K/36 2013/2014 320i residual and Money Factor numbers.

    Thank you in advance.

    Ray
  • kyfdxkyfdx Moderator Posts: 235,200
    I think you've answered your own question.... you live in Hawaii and there is only one dealer.. Unless you can convince him that you may lease an Audi or Infiniti or Mercedes, instead.... you don't have a lot of bargaining power.

    I will say they are marking up the money factor from .00125 to .00145, and also the acquistion fee from $725 to $925... Get those two things back to the base rate, and it would save you about $25/mo...

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