# 2015 BMW 328i Lease Questions

I thought I was getting a good deal, but after reading here and checking Edmund's True Market Value, I'm starting to doubt that I am. Nothing has been signed yet.

First, the dealer says the residual for a 2015 328i 39 month lease at 10K/yr is 62%. That doesn't sound right. Then he says the money factor is .0017. Eventually, I get .0015 and 63%. Still seems the MF is high.

The MSRP is $49,600 for an in-stock car. The deal currently has a cap reduction of $3284 and a payment of $434. I'll ask about MSDs instead of a cap reduction. But even considering the high MF, it feels like I'm over-paying for the car, too.

This is Texas, though, and I'm fuzzy on sales taxes... though my advisor did say that BMWFS had sales tax credits available, so I would benefit from that. There's a line item of $1250 that the advisor said was related to that benefit.

What is the base MF applicable in this situation?

What should the price of the vehicle be? Edmunds says $46440, before any incentives, which they list as $1000.

Plugging $45440, .0015, 63%, and 3284 cap reduction in to my spreadsheet, I get a payment of $390. To get to $434, I have to have a price of over $47K. $48K considering the $1000 incentive. Not much "dealer contribution" here, especially if I am overpaying on the MF.

What am I missing?

See Also: 2015 BMW 3-Series Lease Questions

First, the dealer says the residual for a 2015 328i 39 month lease at 10K/yr is 62%. That doesn't sound right. Then he says the money factor is .0017. Eventually, I get .0015 and 63%. Still seems the MF is high.

The MSRP is $49,600 for an in-stock car. The deal currently has a cap reduction of $3284 and a payment of $434. I'll ask about MSDs instead of a cap reduction. But even considering the high MF, it feels like I'm over-paying for the car, too.

This is Texas, though, and I'm fuzzy on sales taxes... though my advisor did say that BMWFS had sales tax credits available, so I would benefit from that. There's a line item of $1250 that the advisor said was related to that benefit.

What is the base MF applicable in this situation?

What should the price of the vehicle be? Edmunds says $46440, before any incentives, which they list as $1000.

Plugging $45440, .0015, 63%, and 3284 cap reduction in to my spreadsheet, I get a payment of $390. To get to $434, I have to have a price of over $47K. $48K considering the $1000 incentive. Not much "dealer contribution" here, especially if I am overpaying on the MF.

What am I missing?

See Also: 2015 BMW 3-Series Lease Questions

0

This discussion has been closed.

## Comments

216,293.00130 MF and 63% residual for 39mo, 10K/yr. $1000 Holiday Credit.

With no CAP cost reduction, I get a payment of $464/mo., using the base rates. Using your numbers, with the inflated MF, I get $390 + tax, as well..

Texas charges sales tax on the full purchase price of the vehicle. The leasing bank (BMWFS) will sometimes get tax credits from the state, as they are taking cars "in-trade" (lease returns), when they purchase new cars to lease. Sometimes, they pass those credits along. Those credits are valuable, and you should know exactly how much of a credit you are getting, and how much tax you are paying, as that could be substantial. It's possible that the dealer has some say-so on how much to pass along, so you should be introducing some competition into your car shopping.

One thing that will start clearing up the numbers is when you ask for the net CAP cost, and then an explanation of how they got to that number. There may be a lot of crap hidden in there.

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Edmunds Moderator4I'd love to introduce competition in to the shopping... but the dealer is the only one within 60 miles. As it happens, I am returning a 2011 BMW 328iC from lease with a 31K residual, with only 24K miles (30K contracted) with a clean pre-return inspection (leased when I lived in a different state.)

Maybe I'll have to consider other car brands... or just buy out my lease. Or consider a "long-distance" purchase.

5216,293.00130 MF and 62% residual for

39mo, 12K/yr. $1000 Holiday Credit.BMW also has an extra $1000 for 3-series delivered from dealer stock by 12/24.

You should negotiate the selling price of the new car, just as if you are buying it. About 6-7% off MSRP minus the $2000 in incentives is a good price.

You can structure the lease however you want.. Big dollars upfront are used as a way to show a lower payment, to help sell the car. You can easily put up less than $1000 to drive off. The dealership can cut you a check for your trade-in.

However, you aren't going to be anywhere close to $400/mo. on a $50K BMW, without putting a lot of money upfront.

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Edmunds Moderator5216,293I usually pay 1st payment and government-required non-taxable fees at signing. Everything else goes in the payment..

You can put $6000 down on a $600/mo. lease payment to make that payment $433/mo, but that doesn't change the fact that it's really a $600/mo. lease..

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Edmunds Moderator5216,293What lease term and mileage?

Base MF is .00130. $1000 Holiday Credit, plus another $1000 dealer incentive, if you take a vehicle from stock by 12/24.

So... not a great deal... from what info we have.

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Edmunds Moderator55216,293Through the 24th, if you buy out of dealer stock, there is $2000 in incentives.. So MSRP minus 7% minus $2000 is about $44,400. With $725 acq.fee, a CAP cost of $45,125.

62% residual and .00130 MF results in a payment of $463/mo.+tax.

Due at signing: 1st payment, title/registration (about $1000?)

I don't know where you live (tax rate, etc), but that's what I'd shoot for..

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Edmunds Moderator123I'm looking to lease a 2014 335i xDrive. 36 month lease, 10k miles, registering in PA. The listed MSRP is $55,650. Any incentives? MF? Residual? Thanks! Also, are there any differences for 2014 335i Active Hybrid?

216,293.00130 MF and 62% residual. $750 Holiday Credit.

The Hybrid residual is 57%, but it has an additional $4000 Eco Credit.

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Edmunds Moderator123216,293.00130 MF and 60% residual for

39mo, 10K/yr... $1000 Holiday CreditEdmunds Lease Calculator

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Edmunds Moderator28And I read somewhere that the holiday credit expires 1/2/15. Is that just the $1000 or is it $2000 including the must take from dealer inventory credit?

Thank you so much!

218,482Current numbers expire today - don't know about the $2K incentive.

January numbers are available - .00131 and 50% for 39/15. No lease cash.

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MODERATOR2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

53218,482Going from 12K to 10K on the lease should add 1% to the residual for BMW.

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53218,482Edmunds Price Checker

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216,293Don't wait until it's time to sign the lease... call them now and tell them you want 12K/yr

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Edmunds Moderator53216,293To go from 10K/yr to 12K/yr is 1% lower residual. On that car, that's $435 over 39 months (+tax). Or about $12/mo..

MSDs are not allowed in NYS.

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Edmunds Moderator5353216,293Edmunds Lease Calculator

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Edmunds Moderator539218,482$500 eco credit on the diesels.

328i and 328xi - 60%

328d and 328xd - 59%

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17Here's the pertinent stats:

62% residual on a 39 month lease with 12k miles a year

MSRP - 47,950

Total selling price is $42,895

Total capital cost including the ACQ fee of $925 is $43,820

money factor is .00111

monthly payment with tax is $482.81 (L.A. county)

I am adding $400 for a dealer installed sirius which is added in there somewhere. The base numbers seem right and dealer seems to be only adding $750 for profit, but the monthly still seems high compared to other deals on this forum.

What do you think?

Thanks in Advance!

216,293The numbers look right on..

There were $2000 of BMW incentives at the end of December, so any comparison to those prices is going to be tough, as those incentives are gone.

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Edmunds Moderator339 months / 12,000 miles

MSRP - $39,700

Due at Sign - $2,000

Monthly Payment - $372/mo (7% FL Tax, incl.)

Please let me know if this is a Good / Decent deal overall...

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MODERATOR2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

3Breakdown: ACQ FEE + TTL + 1ST PAY + DOC FEE

Not good I assume?

218,482Enjoy!

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312Could someone please tell me what the MF and RV are for March for a 2015 328d xdrive wagon? I much appreciate it! Looking to order very soon. Not sure if the MF went down on this model as the BMW website APR is now lower this month than for the other models.

216,293.00130 MF and 63% residual for 36mo, 15K/yr

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