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BMW 3-Series Lease Questions
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Miles purchased after the lease didn't affect the residual... they were just paid for (although amortized over the remaining payments).
Keep in mind, you have to take the 15K/yr allowance to purchase extra miles upfront... After lease inception, you can buy miles on any lease, regardless of mileage allowance.
regards,
kyfdx
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You should be able to check the invoice price by clicking on the "New Cars" tab at the top of the page and following the prompts from there.
regards,
kyfdx
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Wondering if it's worth fighting for? How would you suggest I bring it up? Just ask why there are marking it up? They are selling the 2014 328i at $500 over invoice.
So... $500 over invoice is really $1600-$1700 over invoice, with the mark-up..
"I want $30/mo. less.. should be easy, since you are marking up the money factor the maximum amount".
Good luck.. might not work. ;-)
regards,
kyfdx
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Would those 2013 328 models on sale at the end of the year? Could you please give me MF and Residual Value of 2013 328i coupe and seden for 24 monthand 10k/y?
Thanks. Apprieciate your help!
.00125 MF and 65% residual $2000 buildout cash and $500 owner loyalty.
2013 328i Coupe
.00125 MF and 69% residual $1500 buildout cash and $500 owner loyalty.
36 month residuals are 6% lower, in both cases.
regards,
kyfdx
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This is first time i am leasing a car. never done one before.. i am gathering information to educate myself howmuch it would cost (a range) me to lease a bmw 3 or 5 series..
can i expect to get these deals from dealer ?
http://www.bmwusa.com/standard/content/financialservices/offers.aspx?offer=Leasi- ng&from=/Standard/Content/FinancialServices/LeaseRD.aspx&return=/Standard/Conten- t/FinancialServices/LeaseRD.aspx
I am looking for deals in south California area.. thanks for your input.. !!
Also, there is very good info available about leasing a BMW, on several different forums. You need to understand the different terms and what they mean Money Factor, Cap Cost, Invoice and other associated fees. Plus most important, learn about the value of Multiple Security Deposits, which lower the Money Factor(the lease interest) and can save you money on your monthly payment.
.00125 MF and 58% residual.. $750 option credit cash and $500 loyalty
regards,
kyfdx
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Thank you in advance for your time. I'm looking to order a car from the factory for lease in Southern California and want to hopefully get your opinion on whether or not the below is a good lease deal. Can you please help? Details below.
Here are the details of the lease quote for a 2014 328i:
MSRP = 43,325
Invoice According to Costco = $40,060
True Car Value = $39,730
Residual = 61% or 26,428.25
Initial Cap Cost = $39,740
Cash Down = $3,854
Cash Cap Reduction = $2,772.29
Total Sales Tax = $1,572.15
DMV Add: $328
Total Additional Cap Costs: $805
Adjust Cap Cost: $37,772.71
Money Factor: .00145
Term: 36 months
Base Monthly Rental: $408.21
Tax Rate/Amt: 9%/$36.74
Total Monthly Payment: $444.95
Total Initial Fees: $29.25
Total Annual Fees: $358
Driveoff: $3,854
BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
msrp $40,250.00
money factor .00076
residual 59%
36 months 10k per year
7 MSD's
$320.00 per month with $1747 due at pickup plus $2450 in MSD's.
Had $1,000 ulitmate drive coupon and $500 loyalty rebate.
How is that deal?
.00125 MF and 58% residual
regards,
kyfdx
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Lease 12k miles/yr. I'm being offered MF .00165 and residual of 57% 36 mths (60% for 30 mths).
Are these correct? How does 2014 residual compare - is it high enough compared to the low 2013 residuals to neutralize the 2013 discounts?
I don't know what area of the country you live in, but offhand, this is one of the worst deals I have seen on this site.
I do not tell you this to belittle you, but trying to show you, the dealer is really doing a number on you.
Information is money saved....figure out the invoice, subject incentives and rebates, offer that at base MF and base Acquisition fee.
First off...please educate yourself on BMW leases. I can't stress enough, DO NOT put money down to de cap your lease. Sure, it lowers your monthly payment, but if something happens to the car, your down payment is gone. Instead use Multiple Security Deposits, for each one, it lowers the money factor, by .0007. You can put down a max of 7 MSD's for a total reduction of .00049.
There are several very reputable CA's in SoCal who will give a good deal without a bunch of nonsense. There is Greg at Pacific BMW, Justin at New Century and Jon at Santa Barbara. They can all be easily found on another Bimmer forum.
Take the time to learn and then reach out, you will save thousands of dollars by being informed.
ACQ fee was $725.00
doc fee was $359.00
MV fee was $300.00 for 5 years registration and inspection in NJ
tire tax was $6.50
and something else small I forget..
Total out the door was $1747 plus $2450 in 7 MSD's.
Money Factor .00076
Residual was 59%
MSRP was $40,250
36 Months at $320.00 per month 10k per year.
White 328XI with heated seats
This was at Freehold BMW in NJ
The sales person was Mike.
Please let me know if this was a good deal or not. Thanks.
2014 BMW 328i with navigation. No premium options like leather.
$490/monthly
$3000 due at leasing
He wasn't specific abt MF or RV. he mentioned its $500 over invoice. Do dealers expose these values that they take for calculations ?
invoice is $37,300
2013 320xi 36 month lease 12,000 Miles, Residual Value ?, Money Factor ?
2014 328xi 24 month lease 12,000 Miles, Residual Value ?, Money Factor ?
2014 328xi 36 month lease 12,000 Miles, Residual Value ?, Money Factor ?
Thank you for you help.
2013 320xi 24 month lease 12,000 Miles
62% residual
2013 320xi 36 month lease 12,000 Miles
55% residual
2014 328xi 24 month lease 12,000 Miles
67% residua
2014 328xi 36 month lease 12,000 Miles
60% residual
regards,
kyfdx
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Again, depending on what area of the country you are in, can make a deal easier to get. If you are in So Cal, it probably is the best market for buyers.
This why, it is important to know, what the incentives are, the current terms, MF base rate, invoice of car and the actual selling price. The dealer could sell you the car at $500 invoice, but make a lot of money on marking up the money factor, acquisition fee and doc fee. They will try to sell you lots of extra junk in finance. Decline it all.....
I can point you in the right direction, for a dealership, if I know what state you live in...
If you really liked a car on their lot, go look at the window sticker, take a pic with your phone, then go figure out the invoice, on KBB or Edmunds. The lease calculator is very easy to use on Edmunds, enter in the data, 61% residual, .00125 money factor, selling price use $500 above invoice.
If you know the exact build of what you want, email to other deals internet depts. for quotes.
If you are in So Cal, there are several reputable CA's I know about.
Got the dealer currently at 3k below invoice on a loaded car.
Also if anyone is interested I created a lease spreadsheet base off of my previous leases with BMW.... its very accurate. Used it on 3 of my buddies leases and it was within a dollar of what they pay.
Haven't seen this one yet for OCT. Please provide mf/resid for 36/39mo 15k. 2014 328xi GT and 335xi GT. Thanks!
.00125 MF and 59%
335xi GT has the same numbers...
regards,
kyfdx
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Trying to close a deal in NJ. Numbers don't match. Same issue. How much is the tax paid.
Here are my questions: Am I paying too much? Here is the info... specs see edmunds link (http://www.edmunds.com/bmw/3-series/2014/options.html?sub=sedan&style=200489818- )
cost $38,570 - deposit $2,495, 1st payment $299, taxes $1200, registration $200, Bank fee $725, document fee $339 - total due at signing $5288 - less $1,000 for test drive total due at signing - 4,288. For some reason, I thought I was going to get $1000 (dealer or factory incentive or build out - not sure which) The dealer did not agree, so it was not given. lease information 63% residual $24,299.10, 36months/10K miles per year. .16 for ever mile over (is this amount correct for overage) factor is .00125 (3%). I wanted to get a lower down payment. The dealer offered $2458.00 due at signing - Payments will be $350/month. I have a 2005 Altima which I am turning in. I owe $3000. The dealer offered to give me $2000. I was hoping it would be a wash and that the dealer would give me full $3000. If this is not possible, I will add in $1000 to the cost.
I'm not sure what would be due when I turn the car in at the end of the lease period as this was not discussed with me at all. Can you please give me information so that I can feel confident in making this purchase. All is appreciated! Thank you.
The taxes are rolled into the $320.00 a month payment for 36 months/10k per yr.
First off, what is the msrp vs the actual invoice price? The build out credit is paid by BMW NA, but dealers will sometimes try to keep that money.
If I was you....I would price out the car to invoice, add $500 to that price, then subtract out any incentives that are available, send it out to other dealers in your area(the internet depts.)
I would not mention the trade at all, work just the lease side of the deal.
I have no idea what your Altima is worth, you can always try car max and get a written quote.
The residual, money factor .00125 and the part about buying extra miles is correct.
There is a lease disposition fee, if you do not lease or purchase another BMW, at the end of your lease. You can be charged for damage to the car, tire replacement(not enough tread left) and excessive miles.
Not to burden you with too much info, but you can consider putting down Multiple Security Deposits, which lowers the MF by .0009 per MSD. You are allowed to put in 7 MSD's for a total reduction of .00049. On a car in your lease range, would save you about 30-35 per month. The MSD's are totally refundable to you at the end of the lease. If by chance the car is stolen or destroyed, you still get all of your MSD's returned.
-Selling price is invoice - minus UDE, Loyalty, Buildout
-MF is .000146 (minus 7 MSD's)
-Acq fee is negotiated down to $599 (which neutralizes a bit of the MF markup, but not all)
-36 mth 10K year residual 59%
(MSRP is about $52, Selling Price is about 44.8)
By the way, you are amazingly helpful for an anonymous stranger.
Ok, the acquisition fee is set by BMW FS at $725, so they are eating $126. I would guess that with the mark up on the MF, it is in the neighborhood of $20-25 more per month. That is not a good trade off. I would counter with the base MF, .00125 minus MSD's .00049, but offer them $925 Acquisition fee.
One SA I spoke with said that MF deductions are not given on the MF of .00125 and that it is "special"....
Another SA said he had no idea what the guy was talking about and if you qualify for a MF of .00125 and do either a one-pay OR max out MSD's, you get the corresponding MF deduction from .00125.
Can anyone clarify? I'd like to have a real world experience, correct, answer prior to going back in.
Thanks much!
However, the MSDs are generally good on any money factor, but with a floor... which I think is .0005..
So, I'm positive you can do the .00049 deduction for the MSDs, from the .00125, but I'm guessing that you can't do the OnePay off of that amount, and I'm pretty sure you can't stack them..
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I would highly recommend you email Greg at Pacific BMW in LA, with what you are looking for. He has a sterling rep and is a bimmer board sponsor on another forum.
Lastly, there is a wealth of info about BMW leasing, money factors, MSD's and other stuff out there.
Leasing is about the invoice price of the care, how much over or above they sell it to you, which results in the capitalized cost, the money factor(interest), term and miles.
MSD's are great and I use them, I save about $40 per month in payments, I got my 328i about 1k below invoice, payment with tax $340 per month.
Your trade is a whole different issue. Always try to work just one side the purchase/lease first, establish the numbers. then add the trade into the equation. Get a bid from CarMax, in writing.