2015 BMW 2-Series Lease Questions

kyfdx

jgalindo1224jg said:

Lookin for some numbers 

2015 BMW 2 Series 228i xDrive SULEV Msrp $41,040 including 950 destination fee sale price $38,440 including 75 doc fee whays the residual value? Money factor? Montly payment pre tax?  Theres incentivrs from what i seen on edmunds 1000 college graduate and 1000 bonus cash can that be applies to what i would due at signing taxes fees etc

.00128 MF and 59% residual for 36mo, 15K/yr.
$475/mo. pre-tax

No bonus cash on the 2-series. No info on college graduate bonus

kyfdx

roglaws said:

I'm looking to take European delivery on a 2016 m235i convertible by way of a lease. I recognize that 2106 lease rates are not out yet, but how generally does it work when you lease a car through the European delivery? Is the MSRP upon which the residual is calculated the USA price or the European delivery MSRP

Residual is calculated on the US MSRP. You should be able to negotiate a price that is at least 7% lower than on a non-ED deal.

roglaws

Great Thanks. Got a good price but anxiously awaiting lease numbers. Is there generally a difference in the mf for ed cars as opposed to usa?

kyfdx

roglaws said:

Great Thanks. Got a good price but anxiously awaiting lease numbers. Is there generally a difference in the mf for ed cars as opposed to usa?

The ED money factor is .00030 higher. In return, the 2nd payment is waived.

roglaws

Interesting. Thanks. Hardly seems like a tradeoff since most people will not be driving the car in the second month as is will probably be in route to the USA.

kyfdx

roglaws said:

Interesting. Thanks. Hardly seems like a tradeoff since most people will not be driving the car in the second month as is will probably be in route to the USA.

True... it's not really a bonus.

wd

I've negotiated a deal on a 2015 228i for 42K (44.250k sticker). They are quoting 62% RV, .00128 MF for 36/10k lease. Sound fair?

What does RV and MF go to for 39mo/10kmi lease?

Michaell

wd said:

I've negotiated a deal on a 2015 228i for 42K (44.250k sticker). They are quoting 62% RV, .00128 MF for 36/10k lease. Sound fair?

What does RV and MF go to for 39mo/10kmi lease?

No 39 month programs for BMW.

Base MF and correct residual. You may be able to negotiate a little bit more off sticker, though you're at 5% already.

wd

Thank you. What is next longest term? 48mo? RV, MF? (thanks again)

kyfdx

wd said:

Thank you. What is next longest term? 48mo? RV, MF? (thanks again)

Next term is 42 months.. residual drops 9% from 36 months..

36 months is the only viable term for a 2-Series.

dvanos

What's the RV and MF for a 2015 228i 12k/year for 36 and 48 months?

Thanks.

Michaell

dvanos said:

What's the RV and MF for a 2015 228i 12k/year for 36 and 48 months?

Thanks.

.00128 and 61% for 36/12. 48 month program not viable for BMW.

huveu

Any changes for July?

What about 2016 residual and money factor values?

Michaell

huveu said:

Any changes for July?

What about 2016 residual and money factor values?

Limited information for July available .. what model, lease term and miles per year?

No 2016 2-series lease info yet.

huveu

Michaell said:

Limited information for July available .. what model, lease term and miles per year?

No 2016 2-series lease info yet.

Bummer, I'm interested in ordering a 2016 228 or M235 for 36/12.

Thanks for the info

Michaell

huveu said:

Michaell said:

Limited information for July available .. what model, lease term and miles per year?

No 2016 2-series lease info yet.

Bummer, I'm interested in ordering a 2016 228 or M235 for 36/12.

Thanks for the info

As noted, we've only got limited 2015 information .. when the full information arrives, it may very well include 2016 2-series.

dllewis

Do you have the numbers for the 2015 m235? 36/10.  Thanks.

kyfdx

dllewis said:

Do you have the numbers for the 2015 m235? 36/10.  Thanks.

.00130 MF and 61% residual. $500 buildout cash

ttdrive

Do you anticipate that 2016 lease rates will be about the same as 2015?

Seems residual dropped 1% for July from June. June residual for 10K was 62%, July 61%. MF pretty much the same.

I'm looking at and deciding between 2016 M235i coupe, 340i Msport, or maybe a 2 series vert, then there is also the Audi S3.

Michaell

ttdrive said:

Do you anticipate that 2016 lease rates will be about the same as 2015?

Seems residual dropped 1% for July from June. June residual for 10K was 62%, July 61%. MF pretty much the same.

I'm looking at and deciding between 2016 M235i coupe, 340i Msport, or maybe a 2 series vert, then there is also the Audi S3.

Crystal ball is murky ... I would expect the MF to be the same for the '15's and '16's, but cannot predict what the residuals will look like.

platopod

What about 228i, 24/12k and 24/10k?

Michaell

platopod said:

What about 228i, 24/12k and 24/10k?

.00130 and 66% or 67%. $500 buildout cash.

tychi

Planning on a lease for 228i xdrive Convertible, 36months with 12k or 15k miles, MSRP 49,300, Invoice according to TrueCar 47,200...

MF and Residual info would be appreciated. At the same time wondering how I would be able to spot a markup of MF? Assuming I'll know the tier I fall into, what is the calculation here? Is base line MF the best or the worst MF you can get or is there always something added to the base MF, no matter what the credit score? Is it known how the tiers relate to credit scores? Not sure if my dealership uses regular or auto enhanced credit score.
Also, is it known if BMW includes Gap in its leases or is that depending on the dealership or an add on?
I've read that BMW leases are generally lower than Audi? Does this still hold true? Considering A3 convertible vs. 228i convertible.
Does 8% off MSRP also apply to BMW for negotiations?
By any chance anyone know how significantly insurance rates differ between these two models (A3 2.0 vs. BMW228i) in NY?
Appreciate every little advice and tips for getting a good deal. Thanks!

Michaell

tychi said:

Planning on a lease for 228i xdrive Convertible, 36months with 12k or 15k miles, MSRP 49,300, Invoice according to TrueCar 47,200... MF and Residual info would be appreciated. At the same time wondering how I would be able to spot a markup of MF? Assuming I'll know the tier I fall into, what is the calculation here? Is base line MF the best or the worst MF you can get or is there always something added to the base MF, no matter what the credit score? Is it known how the tiers relate to credit scores? Not sure if my dealership uses regular or auto enhanced credit score. Also, is it known if BMW includes Gap in its leases or is that depending on the dealership or an add on? I've read that BMW leases are generally lower than Audi? Does this still hold true? Considering A3 convertible vs. 228i convertible. Does 8% off MSRP also apply to BMW for negotiations? By any chance anyone know how significantly insurance rates differ between these two models (A3 2.0 vs. BMW228i) in NY? Appreciate every little advice and tips for getting a good deal. Thanks!

.00130 and 49% for 36/15. Add 2% for 12k. $500 buildout cash. 

Ask the the dealer what MF they are using. 

Gap is included. 

BMW usually leases better than Audi. 

5-7% off sticker is good pricing for BMW. 

Call your agent for insurance quotes. 

lookingforagti

I need a little help here:

I'm interested in a 38k '15 228i. Looking to lease it at 12/36 and would like to keep the monthly payment at or slightly below $390/mo.

Based on 7% discount off MSRP I get a figure around 35,3k. With a RV of 61%, MF of 0.00128, DP of 2k, and California tax of 9.25%, the monthly figure I calculate is around $428.

Is there anyway I could lower it into the $390/mo range (aside from MSD's or greater DP)

Aq. fee and other fee's would be paid on top of DP.

Michaell

lookingforagti said:

I need a little help here:

I'm interested in a 38k '15 228i. Looking to lease it at 12/36 and would like to keep the monthly payment at or slightly below $390/mo.

Based on 7% discount off MSRP I get a figure around 35,3k. With a RV of 61%, MF of 0.00128, DP of 2k, and California tax of 9.25%, the monthly figure I calculate is around $428.

Is there anyway I could lower it into the $390/mo range (aside from MSD's or greater DP)

Aq. fee and other fee's would be paid on top of DP.

A couple of corrections .. base MF this month is .00130, and the 36/12 residual is 60%, not 61%. Using $37,957 as the MSRP and $35,300 as the cap cost, I get a pre-tax payment of $423.44/mo. Add 9.25% tax and the payment becomes $462.60.

If you use the max 7 MSD, the payment with tax drops to $431.51.

We don't recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money. That said, every $1000 down lowers the pre-tax payment around $28/mo.

stever

A reporter is looking to talk with a Millennial (age 18-34) who leased a luxury car within the last year. If you're able to help, please send your details to pr@edmunds.com by no later than July 29, 2015.

lookingforagti

Got it. This is how I calculated my numbers:

MSRP: $37,957
Negotiated price: $35,300 (based on 7% off MSRP)
MF: .00130
RV: 60%
Residual amount: 37,975 * 0,6 = $22,785

Depreciation Fee: (35,300 - 22,785) / 36 = $347,64/ mo
Finance Fee: (35,300 + 22,785) * .00130 = $75,51/ mo

Monthly payment pre-tax = 347,64 + 75,51 = $423,15
With tax = 423,15 * 1,0925 = $462,29

With $2,000 DP: 462,29 - (2000/36) = $406,74

I understand the downsides of putting money down. For the monthly payment to go down another $15, I'd have to negotiate another $540 off the selling price, which is about %1.4 of MSRP. Any ideas on how best to handle that?

Michaell

lookingforagti said:

Got it. This is how I calculated my numbers:

MSRP: $37,957
Negotiated price: $35,300 (based on 7% off MSRP)
MF: .00130
RV: 60%
Residual amount: 37,975 * 0,6 = $22,785

Depreciation Fee: (35,300 - 22,785) / 36 = $347,64/ mo
Finance Fee: (35,300 + 22,785) * .00130 = $75,51/ mo

Monthly payment pre-tax = 347,64 + 75,51 = $423,15
With tax = 423,15 * 1,0925 = $462,29

With $2,000 DP: 462,29 - (2000/36) = $406,74

I understand the downsides of putting money down. For the monthly payment to go down another $15, I'd have to negotiate another $540 off the selling price, which is about %1.4 of MSRP. Any ideas on how best to handle that?

No specific method - just the old "if you don't ask, you don't get" mentality.

Oh, and get a few dealers involved to bid against each other. Competition helps the consumer.

lookingforagti

Thanks! This might be a silly question, but oh well: Can I ask other dealerships to give me a quote for the same car? i.e can 1 particular car go from 1 dealership to the other?

Michaell

lookingforagti said:

Thanks! This might be a silly question, but oh well: Can I ask other dealerships to give me a quote for the same car? i.e can 1 particular car go from 1 dealership to the other?

They can ask for a dealer trade, but it's unlikely that the dealer with possession will be willing to cough it up for a lower price.

Try to find a similar car at another dealer. If you're fixated on a specific color or option spec, you lose some power in the negotiation.

bostonben

Hello, do you have the 2015 228i and M235i convertible numbers for CA? Thank you.

Michaell

bostonben said:

Hello, do you have the 2015 228i and M235i convertible numbers for CA? Thank you.

.00130 MF

What lease term and how many miles per year are you looking for?

killthelag

Hello. I'm looking for a 2015 BMW M235XI. Term 3 years with 15000 miles. What is the residual and mf please? Thanks so much.

Michaell

killthelag said:

Hello. I'm looking for a 2015 BMW M235XI. Term 3 years with 15000 miles. What is the residual and mf please? Thanks so much.

.00130 and 58%. $500 buildout cash.

killthelag

Hello. What about 2016 BMW M235XI. Term 3 years with 15000 miles. Thanks again.

Michaell

killthelag said:

Hello. What about 2016 BMW M235XI. Term 3 years with 15000 miles. Thanks again.

No numbers yet for the 2016 2-series ... perhaps next month.

ko10

Since we are approaching the new model year transition period, I have the option of leasing a 2015 M235ix in August vs waiting for a 2016 in September. How do financing deals change during this time? e.g. RV & MF for 2015s vs 2016s (both lower for 2015s?)? Since there are not that many changes to the car, I expect MSRPs to be similar. Dealers should be more negotiable on the 2015s; but is there a sweet spot in terms of lease deals? Thanks!

Michaell

ko10 said:

Since we are approaching the new model year transition period, I have the option of leasing a 2015 M235ix in August vs waiting for a 2016 in September. How do financing deals change during this time? e.g. RV & MF for 2015s vs 2016s (both lower for 2015s?)? Since there are not that many changes to the car, I expect MSRPs to be similar. Dealers should be more negotiable on the 2015s; but is there a sweet spot in terms of lease deals? Thanks!

I haven't yet seen a difference in MF between the 2015's and the 2016's - they are both .00130. Residuals may be slightly better on the '16's, but better transaction prices on the '15's make up the difference.

kerb

Greetings, Could you kindly provide the buy rate and money factor for a 2015 228i based upon 36/10 and 36/12 leases. Best.

Michaell

kerb said:

Greetings, Could you kindly provide the buy rate and money factor for a 2015 228i based upon 36/10 and 36/12 leases. Best.

.00130 and 60% for 36/12. $500 build out cash. Add 1% for 10K

roglaws

what is the current mf and residual rates for 2015 m235i conv. for 3 years 12k miles per year?

Also 2016 m235i conv if available.

kyfdx

roglaws said:

what is the current mf and residual rates for 2015 m235i conv. for 3 years 12k miles per year?

Also 2016 m235i conv if available.

.00130 MF and 61% residual. $500 buildout cash

2016: .00130 MF and 56% residual

mjbwalters

Hi there - thanks as usual to the Moderator!

I'm looking for the Residual & MF for 24 months/10k miles. I'm in zipcode 06807 (CT)

Thanks

Michaell

mjbwalters said:

Hi there - thanks as usual to the Moderator!

I'm looking for the Residual & MF for 24 months/10k miles. I'm in zipcode 06807 (CT)

Thanks

Which model, specifically?

MF is .00130

mjbwalters

Michaell --

The 228xi. Thanks

Michaell

mjbwalters said:

Hi there - thanks as usual to the Moderator!

I'm looking for the Residual & MF for 24 months/10k miles on the 228xi. I'm in zipcode 06807 (CT)

Thanks

67% for 24/10. $500 buildout cash.

roglaws

Thanks for the info. Was hoping that the 5% difference in residuals between 2015 and 2016 was not true -- but since it is have to say nope to my ED of a 2016 m235i. Seems to me by its own estimation of residual value, BMW is telling us that 2016 m235i's are going to depreciate so bad in the next three years that one would have to be a fool to buy one.

Michaell

roglaws said:

Thanks for the info. Was hoping that the 5% difference in residuals between 2015 and 2016 was not true -- but since it is have to say nope to my ED of a 2016 m235i. Seems to me by its own estimation of residual value, BMW is telling us that 2016 m235i's are going to depreciate so bad in the next three years that one would have to be a fool to buy one.

Well, that may not be true. It's also possible that the residuals on the 2016 are so low as to encourage folks to lease a leftover 2015 until the stock is depleted, then the residuals on the '16's may come back up.

roglaws

Perhaps. But is seems to me the way to move 2015s without hurting 2016s is to "increase" the residuals on 2015s. Because right now, no matter how you cut it, BMW is saying that 3 years and 36,000 miles from now, a 2016 m235i bought today is going to be worth 5% less than a 2015 m235 also bought today.