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BMW 3-Series Lease Questions
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Comments
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
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.
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.
Quick question how exactly do MSDS Work? And how can I apply it?
-Leo
I leased my 328xi Msrp ~47500k for 509/month with 15/36. TTL separate.
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.
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
Sale price $47,150
Residual 58%
$649/mo (includes tax)
Only plates due at signing
Tier 1
Thoughts?
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 $24,585
I feel like something is off??
what do you guys think. I feel like the monthly payment is a little off should be closer to high 500's
Cars MSRP 49000
total due at signing 5067.62
includes all taxes and fees and additonal 2100 out of pocket to reduce monthly costs.
monthly payment 36 months 399
is that a good deal ?
I don't know much about money factors or anything like that but the dealership owners are friends of the family and they said this is the best they can do.
PS this is for a 428xi with Msport & and heated seats & park assist as additions.
this is in NY tax is over 8%
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MSRP: 50,225
I had a 1,000$ 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
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.
I appreciate your advice.
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.
Can some one please post what prices they have paid recently for a 320i in CA along with options.
Thanks in advance
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.
328Xi, Luxury Line, Navigation, Lighting, Cold Weather, Premium, Driver Assist.
What are the residual and money factors? I have excellent credit.
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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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.
.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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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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.00125 MF and 56% residual.. $2000 in build-out cash
regards,
kyfdx
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Other than that, the rate is the rate... unless the dealer marks it UP, of course..
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So, in that example, 7 MSDs would equal $2800, refundable at end of lease.
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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.
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
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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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?
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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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?
thanks!
.00125 MF and 59% residual... $2000 of build out cash.. $500 of owner loyalty..
regards,
kyfdx
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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?
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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!
Thank you in advance.
Ray
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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