2015 BMW 2-Series Lease Questions

the_yeoman

kyfdx said:

the_yeoman said:

Hello,

Can you please provide the January 2015 numbers for the m235i?

24/10K
36/10K
39/10K

Thanks!

.00130 MF and 65%/59%/60% residual.

THANKS!

bmwdreamer83

Looking to lease 2015 M235i (in CA) got an offer at $48,674 (MSRP of $50,725). Want to keep my monthly payments as low as possible without going cap cost reduction. How will MSD's lower my MF? Currently looking at 39mo, .00130 MF, 60% residual. I'd prefer 36 mo, how would that change my costs? How much room is there to negotiate to get my $650 per month payment down without making a down payment?

kyfdx

bmwdreamer83 said:

Looking to lease 2015 M235i (in CA) got an offer at $48,674 (MSRP of $50,725). Want to keep my monthly payments as low as possible without going cap cost reduction. How will MSD's lower my MF? Currently looking at 39mo, .00130 MF, 60% residual. I'd prefer 36 mo, how would that change my costs? How much room is there to negotiate to get my $650 per month payment down without making a down payment?

BMW is incentivizing the 39 month term over the 36 month term, this month. 36 months would be $50/mo+tax more.

If you make 7 MSDs, your money factor would be .00081 and the payment would drop by $39/mo+tax.

Your discount is about 4% from MSRP. It's possible you could push the sales price down another $1000, but maybe not. The M235i is a popular car, and you are fortunate to find a dealer that isn't marking up the money factor. Each $1000 cheaper takes $27/mo.+tax off the payment.

df23

Does anyone know MF/residual for the 228xi Convertible lease yet? 39/12

kyfdx

df23 said:

Does anyone know MF/residual for the 228xi Convertible lease yet? 39/12

.00130 MF and 59% residual

df23

Thank You!

penny1212

Hi - Do you have updated MF and residual for Feb? Bmw 228i 10k miles, 36months. Thanks.

penny1212

Or if 39 months is better, please give as well.

Michaell

penny1212 said:

Hi - Do you have updated MF and residual for Feb? Bmw 228i 10k miles, 36months. Thanks.

penny1212 said:

Or if 39 months is better, please give as well.

39/10 numbers are .00130 and 60%, 1% better than 36 months.

bmwdreamer83

Getting about 5.2% off MSRP of a 2015 M235i. Is it reasonable to expect an MF of .00130 from a dealer or is .00150 still a good deal?

kyfdx

bmwdreamer83 said:

Getting about 5.2% off MSRP of a 2015 M235i. Is it reasonable to expect an MF of .00130 from a dealer or is .00150 still a good deal?

Most dealers will try to mark up the money factor.. Some dealers won't make a deal, otherwise. I don't consider that reasonable.

bmwdreamer83

Sorry, just to follow up, you think one should hold out for a dealer that will give you a MF of .00130 and a good deal off the MSRP even for a popular car like the M235i?

kyfdx

bmwdreamer83 said:

Sorry, just to follow up, you think one should hold out for a dealer that will give you a MF of .00130 and a good deal off the MSRP even for a popular car like the M235i?

I start with the assumption of the base money factor.. Then, make my decisions on price. On a more popular car, you may pay more for it..

I've found that BMW dealers that won't agree to the base rate, also tend to be less transparent about the rest of the deal. So, if I can't get the first part nailed down, I don't bother with them.

duckcoverroll

Michaell said:

penny1212 said:

Hi - Do you have updated MF and residual for Feb? Bmw 228i 10k miles, 36months. Thanks.

penny1212 said:

Or if 39 months is better, please give as well.

39/10 numbers are .00130 and 60%, 1% better than 36 months.

Hi there -- are the lease rates on a m235i the same? Also - is 39 month / 60% a better deal than 36 month / 61%? thx!

Michaell

duckcoverroll said:

Michaell said:

penny1212 said:

Hi - Do you have updated MF and residual for Feb? Bmw 228i 10k miles, 36months. Thanks.

penny1212 said:

Or if 39 months is better, please give as well.

39/10 numbers are .00130 and 60%, 1% better than 36 months.

Hi there -- are the lease rates on a m235i the same? Also - is 39 month / 60% a better deal than 36 month / 61%? thx!

Yes, all 2-series have the same numbers this month.

You may have misunderstood my earlier reply ... the 39/10 residual is 60%, the 36/10 residual is 59%. BMW is pushing the 39 month terms in February.

bmwdreamer83

If you don't have tier 1 credit and a dealer offers .00190, does the profit go to them or to BMW financial that is over the .00130?

Michaell

bmwdreamer83 said:

If you don't have tier 1 credit and a dealer offers .00190, does the profit go to them or to BMW financial that is over the .00130?

Does it matter? I believe the risk is held by the bank, so the extra profit goes to BMWFS. But, I don't know what the non-tier 1 upcharges are, so I can't say that part of the delta between the .00130 and the .00190 isn't a dealer inflation.

hpowders

Lease for 39 months: BMW 228i coupe, Alpine White with Sport Line, Premium Package, Lighting Package, Driver Assistance Package, and Track Handling Package. MSRP $42,750.

Dealer wants $2000 down for first month lease payment, document fee $799 and tags and what not.

Payment after 7% Florida tax is around $521 for 39 months, 10,000 miles per year.

Is this a good deal? Thanks!

Michaell

hpowders said:

Lease for 39 months: BMW 228i coupe, Alpine White with Sport Line, Premium Package, Lighting Package, Driver Assistance Package, and Track Handling Package. MSRP $42,750.

Dealer wants $2000 down for first month lease payment, document fee $799 and tags and what not.

Payment after 7% Florida tax is around $521 for 39 months, 10,000 miles per year.

Is this a good deal? Thanks!

39/10 numbers are .00130 and 60%.

I'm getting a cap cost of $41,250 to get a $521/mo payment after tax.

What was the final net cap cost? You should be shooting for 5-7% off sticker as a starting point.

That dealer fee of $799 is a bit outrageous.

hpowders

Yeah. The worksheet dealer provided stated $40,470 as purchase price which I agree doesn't jibe with the 60% residual and 0.00130 money factor. Your cap cost of $41,250 is right on the button, offering me only 3% off. I think I will try another dealer. Thanks!

hpowders

Actually only 3.5% off. I'll go to another dealer with a 7% off lease workup for 39 months and see if they will settle for 5% off. Thanks!

Michaell

hpowders said:

Actually only 3.5% off. I'll go to another dealer with a 7% off lease workup for 39 months and see if they will settle for 5% off. Thanks!

Remember, the residual is based off the MSRP, not the selling price.

hpowders

Michaell said:

hpowders said:

Actually only 3.5% off. I'll go to another dealer with a 7% off lease workup for 39 months and see if they will settle for 5% off. Thanks!

Remember, the residual is based off the MSRP, not the selling price.

Yes, I know that, thanks. 60% for 10k miles. $25,650 residual on MSRP of $42,750.

Michaell

hpowders said:

Michaell said:

hpowders said:

Actually only 3.5% off. I'll go to another dealer with a 7% off lease workup for 39 months and see if they will settle for 5% off. Thanks!

Remember, the residual is based off the MSRP, not the selling price.

Yes, I know that, thanks. 60% for 10k miles. $25,650 residual on MSRP of $42,750.

Keep us posted.

hpowders

I asked for a 7% discount from MSRP at another Florida BMW dealership-this to an employee who emailed me she "represented the dealership and wants to be helpful in my car buying experience in any way I can". Never heard back. Must have fainted!

kyfdx

bmwdreamer83 said:

If you don't have tier 1 credit and a dealer offers .00190, does the profit go to them or to BMW financial that is over the .00130?

If it's just markup, the dealer gets 70% upfront from the bank. Which considering the amount is paid by the lessee over 36 months or more, is nearly all of it.

The portion that is higher because of the lower credit tier, all goes to the bank.

hpowders

Update: I was unhappy with a 39 month lease offer on a loaded 228i coupe, 10,000 miles per year, MSRP of $42,750. They wanted $2000 down when I requested minimal money down plus $521 a month after tax, for 39 months. I walked out.

Just today, they reconsidered and offered me either $1209 off the $2000 down, around $791 down instead OR keep the $2000 down originally requested and have my monthly payments lowered by $31 a month to $490.

Which is better for me to do? Less of a down payment ($1209 less) or less of a monthly payment for 39 months($31 less a month for 39 months). Or doesn't it matter?

Thank you!!

Michaell

hpowders said:

Update: I was unhappy with a 39 month lease offer on a loaded 228i coupe, 10,000 miles per year, MSRP of $42,750. They wanted $2000 down when I requested minimal money down plus $521 a month after tax, for 39 months. I walked out.

Just today, they reconsidered and offered me either $1209 off the $2000 down, around $791 down instead OR keep the $2000 down originally requested and have my monthly payments lowered by $31 a month to $490.

Which is better for me to do? Less of a down payment ($1209 less) or less of a monthly payment for 39 months($31 less a month for 39 months). Or doesn't it matter?

Thank you!!

Generally, I prefer less money up front. But, with BMW's there are some unavoidable costs at the beginning of a lease ... first payment, acquisition fee, tags/license.

Since the total cash outlay is the same either way, in the end it doesn't matter and is your preference.

hpowders

Final update:

The dealer lowered the purchase price off of MSRP a total of 7.7% on the 2015 228i Coupe I wanted to order.
Because of that and figuring in the $500 rebate from BMWCCA bringing the discount from MSRP to almost $4000 (8.8% off), along with the four year free maintenance and warranty, I decided to buy the car rather than lease it.

Thanks for your input Michael in giving me a more realistic expectation of the price I should pay for this vehicle!

Michaell

hpowders said:

Final update:

The dealer lowered the purchase price off of MSRP a total of 7.7% on the 2015 228i Coupe I wanted to order.
Because of that and figuring in the $500 rebate from BMWCCA bringing the discount from MSRP to almost $4000 (8.8% off), along with the four year free maintenance and warranty, I decided to buy the car rather than lease it.

Thanks for your input Michael in giving me a more realistic expectation of the price I should pay for this vehicle!

Nice deal - almost 9% off sticker is a pretty hefty discount. Enjoy the new car!

hpowders

Thank you! I'm sure I will! But YOU were the one who gave me the confidence that 3.5% off MSRP wasn't much of a deal and at least 7% off was more like it.

Thank you for the confidence booster!!!

hurleymlh

Can someone help me out with what the March lease numbers are for the 228i coupe with 12 or 15k Miles? Also I am interested in either 36 or 39 months, whichever has the most attractive rates for the month of March. Tier 1 credit also. Thank you!!

Michaell

hurleymlh said:

Can someone help me out with what the March lease numbers are for the 228i coupe with 12 or 15k Miles? Also I am interested in either 36 or 39 months, whichever has the most attractive rates for the month of March. Tier 1 credit also. Thank you!!

.00129 and 59% for 36/15. Add 2% for 12K.

pharrower

Hi, could you provide MF and residual for the M235i for 36/10? Thanks.

kyfdx

pharrower said:

Hi, could you provide MF and residual for the M235i for 36/10? Thanks.

.00129 MF and 62% residual

hurleymlh

Thanks Michaell!

triplelake

Would you please provide the residual for 228i 39mo/10K and 39mo/12K ?

kyfdx

triplelake said:

Would you please provide the residual for 228i 39mo/10K and 39mo/12K ?

.00129 MF and 62%/61% residual for 36 months..

pharrower

kyfdx said:

pharrower said:

Hi, could you provide MF and residual for the M235i for 36/10? Thanks.

.00129 MF and 62% residual

Thank you!

miguana

Hi, could you please provide the MF and residual for a convertible 228i and convertible M235i both 36mo/10k?

Michaell

miguana said:

Hi, could you please provide the MF and residual for a convertible 228i and convertible M235i both 36mo/10k?

.00129 and 62% for either engine.

lukin17

Anyone have April MF and residuals for 2 series 10k/36mos, 12k/36mos, and 15k/36mos? Any other incentives available?

kyfdx

lukin07 said:

Anyone have April MF and residuals for 2 series 10k/36mos, 12k/36mos, and 15k/36mos? Any other incentives available?

.00130 MF and 62%/61%/59% residual. No other incentives

lukin17

Thanks kyfdx!

hurleymlh

Can someone provide the April Money Factor and residual for the 2015 228i coupe with 12K miles? Also - are there any sales support programs this month offering any type of customer cash or incentive? Thank you!

Michaell

hurleymlh said:

Can someone provide the April Money Factor and residual for the 2015 228i coupe with 12K miles? Also - are there any sales support programs this month offering any type of customer cash or incentive? Thank you!

.00130 and 61%

fiction1

Is that money factor and residual the same throughout all the two series?

Looking at a 2015 m235i xdrive , 10k/36mo please, thank you

Michaell

fiction1 said:

Is that money factor and residual the same throughout all the two series?

Looking at a 2015 m235i xdrive , 10k/36mo please, thank you

Yes, all 2-series derivatives have the same numbers in April; .00130 MF and 62% for 36/10

platopod

How about 10k/24 mo residual and money factor? For a 228i coupe

kyfdx

platopod said:

How about 10k/24 mo residual and money factor? For a 228i coupe

.00130 MF and 68% residual