2015 BMW 328i Lease Questions

Sergio

Do you guys know if bmw has historically been offering lease incentives in May? I know that in fall there are cash offers or option credits to clean up lots for new year models but is there usually something similar in May?
I am asking b/c I am getting fair deal for 328i lease in April but there is no factory cash. I could wait until May to see if they offer incentives but then money factor may possibly increase...

kyfdx

Sergio said:

Do you guys know if bmw has historically been offering lease incentives in May? I know that in fall there are cash offers or option credits to clean up lots for new year models but is there usually something similar in May?
I am asking b/c I am getting fair deal for 328i lease in April but there is no factory cash. I could wait until May to see if they offer incentives but then money factor may possibly increase...

Money factors have been pretty static all year.. but, there hasn't been any cash on the 3-series since January. While residuals are pretty good right now, if I was looking for a better deal, would take the chance on waiting. New numbers come out on Friday.

I could be completely wrong, and the deals might not be as good... but, if I'm betting on the deals improving.

vman10

Getting the following deal and wanted to see if numbers add up:

328GT (premium pkg, cold weather, alarm)
MSRP of $46900 a selling price of $44900
money factor of .00081 (MSD)
resdiual of 65%
based on 10,000 miles per year = $568.08 with $5016.08 ($4200 S.D.) due at signing.
Tax (9% in PA) and plates are in the payments.

when I run it through a calculator I get around 500 bucks (plates aside - but I can't imagine that being more than 5-6 bucks per month)

Michaell

vman10 said:

Getting the following deal and wanted to see if numbers add up:

328GT (premium pkg, cold weather, alarm)
MSRP of $46900 a selling price of $44900
money factor of .00081 (MSD)
resdiual of 65%
based on 10,000 miles per year = $568.08 with $5016.08 ($4200 S.D.) due at signing.
Tax and plates are in the payments.

when I run it through a calculator I get around 500 bucks (plates aside - but I can't imagine that being more than 5-6 bucks per month)

I get $461.48/mo before tax, so your number seems about right.

Confirm the net cap cost with the dealer .. I suspect it's higher than the $44,900 selling price.

vman10

Thanks Michael,

You were right, more to the price:

Adjusted cap cost is $45709.00
Aquision fee is $795

when combined we get to 46504 which takes us to 558 they gave me. Probably need to go to pricing forum but does that 44900 (2k off MSRP ) seem reasonable for a GT? My understanding is they are not in super great demand...

Michaell said:

vman10 said:

Getting the following deal and wanted to see if numbers add up:

328GT (premium pkg, cold weather, alarm)
MSRP of $46900 a selling price of $44900
money factor of .00081 (MSD)
resdiual of 65%
based on 10,000 miles per year = $568.08 with $5016.08 ($4200 S.D.) due at signing.
Tax and plates are in the payments.

when I run it through a calculator I get around 500 bucks (plates aside - but I can't imagine that being more than 5-6 bucks per month)

I get $461.48/mo before tax, so your number seems about right.

Confirm the net cap cost with the dealer .. I suspect it's higher than the $44,900 selling price.

kyfdx

Have to add in the $795 acquisition fee, at least..

Michaell

vman10 said:

Thanks Michael, You were right, more to the price: Adjusted cap cost is $45709.00 Aquision fee is $795 when combined we get to 46504 which takes us to 558 they gave me. Probably need to go to pricing forum but does that 44900 (2k off MSRP ) seem reasonable for a GT? My understanding is they are not in super great demand...

Getting the following deal and wanted to see if numbers add up: 328GT (premium pkg, cold weather, alarm) MSRP of $46900 a selling price of $44900 money factor of .00081 (MSD) resdiual of 65% based on 10,000 miles per year = $568.08 with $5016.08 ($4200 S.D.) due at signing. Tax and plates are in the payments. when I run it through a calculator I get around 500 bucks (plates aside - but I can't imagine that being more than 5-6 bucks per month)

I get $461.48/mo before tax, so your number seems about right. Confirm the net cap cost with the dealer .. I suspect it's higher than the $44,900 selling price.

4-6% off MSRP is a good discount for BMW. 

vman10

Thanks again. They are right on the tip of 4% Edmunds TMV shows a slightly lower MSRP with options specified and a deeper discount. Will see if I can go to town with that info.

Michaell said:

vman10 said:

Thanks Michael,

You were right, more to the price:

Adjusted cap cost is $45709.00
Aquision fee is $795

when combined we get to 46504 which takes us to 558 they gave me. Probably need to go to pricing forum but does that 44900 (2k off MSRP ) seem reasonable for a GT? My understanding is they are not in super great demand...

Michaell said:

vman10 said:

Getting the following deal and wanted to see if numbers add up:

328GT (premium pkg, cold weather, alarm)
MSRP of $46900 a selling price of $44900
money factor of .00081 (MSD)
resdiual of 65%
based on 10,000 miles per year = $568.08 with $5016.08 ($4200 S.D.) due at signing.
Tax and plates are in the payments.

when I run it through a calculator I get around 500 bucks (plates aside - but I can't imagine that being more than 5-6 bucks per month)

I get $461.48/mo before tax, so your number seems about right.

Confirm the net cap cost with the dealer .. I suspect it's higher than the $44,900 selling price.

4-6% off MSRP is a good discount for BMW. 

newguync1

Need numbers for NC, want to lease 328i

kyfdx

newguync1 said:

Need numbers for NC, want to lease 328i

Term and mileage?

Sergio

Good Morning all. Please send May MF and residual for 328i 3/36 lease. There seems to be 1000 anniversary cash, is this right? Thanks!

Michaell

Sergio said:

Good Morning all. Please send May MF and residual for 328i 3/36 lease. There seems to be 1000 anniversary cash, is this right? Thanks!

Limited May information from BMW .. only 36/10 numbers available at the moment.

66% and .00129 for 36/10 ... and there is a $1000 option credit in place this month.

newguync1

NC 328i 10k/36m numbers/offers/what to expect in this month. I need car in couple of weeks.

Michaell

newguync1 said:

NC 328i 10k/36m numbers/offers/what to expect in this month. I need car in couple of weeks.

See the post directly above yours. 

Sergio

Please post 12k/36m numbers when you get the info, thanks!

Michaell

Sergio said:

Please post 12k/36m numbers when you get the info, thanks!

Will do, but I wouldn't be surprised if the 12K numbers were 1% less on the residual than the 10K numbers posted.

Sergio

Hi. Still no news about 36/12 residuals and MF? Can I assume 65% and .00129?

kyfdx

Sergio said:

Hi. Still no news about 36/12 residuals and MF? Can I assume 65% and .00129?

Yes

sunshinestcar

I want to lease a 2015 BMW 328i sedan in FL. Per the BMW USA website - build your own feature - the MSRP is $40,050 for the version I want.

I want to do 36 or 39 months with 15k miles per year.

Is it safe to assume the MF should be .00129 based on the above posts?
Any news on RV for May for this yet? Is my understanding of this correct that the goal is for this to be a higher amount for it to be beneficial to the purchaser?
Is base acquisition fee still $795? Do people usually get the acquisition fee waived?
The $1k option credit - is that just towards adding "options" onto the car?
Does FL offer any tax credits I should ask them to factor in?
Any other tricks of the trade for reducing the payment?

This is the first time I'm buying/leasing so I'm sorry if my questions seem dense!

Sergio

Hi again. In the end of April dealer offered me 328i for $39,000 (MSRP 42,500) which with all fees and 1000 down came down to 470$/month. With May 1000$ credit, MF and 65% residual this is 420$/month, but the dealer refuses to lease the car for this price. Is this common? What should be my strategy?

kyfdx

sunshinestcar said:

I want to lease a 2015 BMW 328i sedan in FL. Per the BMW USA website - build your own feature - the MSRP is $40,050 for the version I want.

I want to do 36 or 39 months with 15k miles per year.

Is it safe to assume the MF should be .00129 based on the above posts?
Any news on RV for May for this yet? Is my understanding of this correct that the goal is for this to be a higher amount for it to be beneficial to the purchaser?
Is base acquisition fee still $795? Do people usually get the acquisition fee waived?
The $1k option credit - is that just towards adding "options" onto the car?
Does FL offer any tax credits I should ask them to factor in?
Any other tricks of the trade for reducing the payment?

This is the first time I'm buying/leasing so I'm sorry if my questions seem dense!

.00129 MF and 63% residual for 36mo, 15K/yr.

Base acquisition fee is $795. It never gets waived. Some dealers will try to markup the rate for extra profit. $995 is the maximum allowed by BMWFS.

The $1000 option credit is a customer incentive. "option credit" is just the name they gave it.

No tax credits in Florida, that we know of.

Sergio

Sergio said:

Hi again. In the end of April dealer offered me 328i for $39,000 (MSRP 42,500) which with all fees and 1000 down came down to 470$/month. With May 1000$ credit, MF and 65% residual this is 420$/month, but the dealer refuses to lease the car for this price. Is this common? What should be my strategy?

Got the car for 425/month including tax. Thanks for all the help.

Igor Kagan

Can you please let me know the May MF and residual for 36mo/12K on the 320i. Thanks!

Michaell

ikagan said:

Can you please let me know the May MF and residual for 36mo/12K on the 320i. Thanks!

.00129 and 64%. $1000 anniversary / innovations credit.

kyfdx

Sergio said:

Sergio said:

Hi again. In the end of April dealer offered me 328i for $39,000 (MSRP 42,500) which with all fees and 1000 down came down to 470$/month. With May 1000$ credit, MF and 65% residual this is 420$/month, but the dealer refuses to lease the car for this price. Is this common? What should be my strategy?

Got the car for 425/month including tax. Thanks for all the help.

Congrats on the new BMW!

asquare07

Signed on the deal for a new BMW 329 xi. The numbers

MSRP: 51460
Selling price: 46705
Bank Fee: 995
Monthly Payments: 477 excluding tax

This is for 36/10, 66% residual and 0.00129 MF

This is in Seattle WA where it is hard to get them to give good discounts so am happy

I needed help on one thing from you guys though. They are offering the lease end protection which seems to cover pretty much everything for $1275. Based on all I have read online the 18 inch run flats have a very short life and just for that i am considering if it is worth it. My wife who will be driving this for the most part is a regular driver who does not push the car much. Never bought a BMW before so dont know about these tires.

I normally don't go for these offers and want to avoid giving them extra money where not needed so just wanted some input from you guys if this one is worth it ?

angel76usa

Hi Moderator,

Looking to lease a 328ix, MSRP 45,100. Sale price of 40,500. Vehicle to be registered in NJ. Dealer quoted $440 for 12k/36mos or $480 for 15k (I am rounding up figures). Tax and fees included. Only 1st payment and DMV due at signing. Does this sound like a solid deal?

Thanks in advance!

Michaell

angel76usa said:

Hi Moderator,

Looking to lease a 328ix, MSRP 45,100. Sale price of 40,500. Vehicle to be registered in NJ. Dealer quoted $440 for 12k/36mos or $480 for 15k (I am rounding up figures). Tax and fees included. Only 1st payment and DMV due at signing. Does this sound like a solid deal?

Thanks in advance!

.00129 and 63% for 36/15. With your MSRP and selling price, I get a payment of $399/mo pre-tax.

Ask the dealer what the net cap cost is ... I suspect it's different that the selling price. Make sure you understand all the costs they've added.

karnageca

Hi all,

Looking to lease my first BMW and mulling over the following deal:

MSRP: $49,975
Final Price: $45,000
36/15
Monthly: $550 (taxes included)
Due at Signing: $1263

How does that deal look?

Thanks in advance!

Michaell

karnageca said:

Hi all, Looking to lease my first BMW and mulling over the following deal: MSRP: $49,975 Final Price: $45,000 36/15 Monthly: $550 (taxes included) Due at Signing: $1263 How does that deal look? Thanks in advance!

 what state and  tax rate? 

karnageca

CA
7.5%

Thanks,

Michaell said:

karnageca said:

Hi all,

Looking to lease my first BMW and mulling over the following deal:

MSRP: $49,975
Final Price: $45,000
36/15
Monthly: $550 (taxes included)
Due at Signing: $1263

How does that deal look?

Thanks in advance!

 what state and  tax rate? 

Michaell

karnageca said:

CA
7.5%

Thanks,

Michaell said:

karnageca said:

Hi all,

Looking to lease my first BMW and mulling over the following deal:

MSRP: $49,975
Final Price: $45,000
36/15
Monthly: $550 (taxes included)
Due at Signing: $1263

How does that deal look?

Thanks in advance!

 what state and  tax rate? 

I'm showing $510/mo with your numbers (.00129 MF and 63% residual).

Ask the dealer what the net cap cost is - my guess it's higher than the final price you've given me. Make the dealer explain how they got to that number.

karnageca

Thanks for the quick response.

I got the following from the dealer:
MF - .0013
62% Residual
Cap Reduction - $184.14

Also, this deal was negotiated at the end of April, before the $1000 Anniversary Credit... is that something I can get now?

I haven't signed anything as yet.

Michaell

karnageca said:

Thanks for the quick response.

I got the following from the dealer:
MF - .0013
62% Residual
Cap Reduction - $184.14

Also, this deal was negotiated at the end of April, before the $1000 Anniversary Credit... is that something I can get now?

I haven't signed anything as yet.

If you haven't signed, you should be able to reconstruct the contract with the new numbers I quoted you, including the anniversary credit. Looks like your dealer worked up the quote with the April numbers.

surrealgti

Hi all!

Can someone please advise on residual / money factor rates for a 2015 328i Sedan for 36 mo / 10k year?

First time leasing.... is it allowed to lump everything in monthly payment and have ZERO out of pocket upon pick up vehicle?

Thanks!

Michaell

surrealgti said:

Hi all!

Can someone please advise on residual / money factor rates for a 2015 328i Sedan for 36 mo / 10k year?

First time leasing.... is it allowed to lump everything in monthly payment and have ZERO out of pocket upon pick up vehicle?

Thanks!

.00129 and 66% for 36/10.

I think you can roll everything into the cap cost except the first payment .. don't think there is any way around having to pay that when you sign the paperwork.

angel76usa

Ok. Here we go again:
MSRP 45,650
Sale Price 40,500
Inception fee 795
Doc fee 75
Tire fee 9
NJ taxes (7%)

440 per mo (including taxes and fees, with exception of DMV)/12K miles/36mos

DMV and 1st payment due at signing. They will also give me 345 for my current lease last payment.

Do the numbers add up?

Thanks a million

kyfdx

angel76usa said:

Ok. Here we go again:
MSRP 45,650
Sale Price 40,500
Inception fee 795
Doc fee 75
Tire fee 9
NJ taxes (7%)

440 per mo (including taxes and fees, with exception of DMV)/12K miles/36mos

DMV and 1st payment due at signing. They will also give me 345 for my current lease last payment.

Do the numbers add up?

Thanks a million

Yes... looks very good.

aj_86

Hi, is this deal: lease option or balloon lease?
I'm also trying to get 328I
I'm being offered 419$ for 36 mon w 15k miles per yr plus 3k down
It's base 328i MSRP 38000
Is this a good deal.

Michaell

aj_86 said:

Hi, is this deal: lease option or balloon lease?
I'm also trying to get 328I
I'm being offered 419$ for 36 mon w 15k miles per yr plus 3k down
It's base 328i MSRP 38000
Is this a good deal.

What is the selling price?

What state is this and what is the tax rate?

What is the full breakdown of the $3000 due at lease signing?

36/15 lease numbers for the 328i are .00129 and 63% residual. $1000 anniversary credit available this month.

aj_86

Msrp: 38450, auto nation saving 3,650 bring the price of car to 34,800
Sales tax : 2243.21, tag registration: 57.75, title : 33, state inspection fee: 23.75, documentation fee: 125, road and bridge 10
Balance due : 37,292.71

Cash due: 3000
36 months: 419

I'm in Texas tax rate is 6.25
My understanding from what the salesman said
I will be paying 3000+(419x36): 18,084

Michaell

aj_86 said:

Msrp: 38450, auto nation saving 3,650 bring the price of car to 34,800
Sales tax : 2243.21, tag registration: 57.75, title : 33, state inspection fee: 23.75, documentation fee: 125, road and bridge 10
Balance due : 37,292.71

Cash due: 3000
36 months: 419

I'm in Texas tax rate is 6.25
My understanding from what the salesman said
I will be paying 3000+(419x36): 18,084

I don't think the entire $3000 is going to the payment ... there is the acquisition fee ($795), dealer fee (unknown) at the very least.

With your MSRP and balance due amounts, along with the MF and residual from above, I get a payment of $442.40. So, just under $1000 of the $3000 is cap cost reduction.

aj_86

Would you recommend doing a Ownership lease(balloon option) vs standard lease?
I am confused between the two. I plan to return the car after 36months. I dont want any surprise payments at the end. I was talking to BMW salesman he said with ownership lease the monthly payment will be lower but than at the end there will be one big payment. Another salesman said that there will be no surprise payment at the end. You just turn in the keys and that will be it. Can you shed some light on this.

kyfdx

aj_86 said:

Would you recommend doing a Ownership lease(balloon option) vs standard lease?
I am confused between the two. I plan to return the car after 36months. I dont want any surprise payments at the end. I was talking to BMW salesman he said with ownership lease the monthly payment will be lower but than at the end there will be one big payment. Another salesman said that there will be no surprise payment at the end. You just turn in the keys and that will be it. Can you shed some light on this.

Owner's Choice is a balloon program, with the option to give the car back (like a lease). The main difference is the ownership, which gives you a tax credit on your current trade (if trading), and preserves the tax credit for when you trade-in this one..

I'm not very familiar with it, because it's usually only offered in full-tax states like Texas. You should ask someone at the dealership that really knows the details, to ask about any downsides.

justinnum1

Just got a 328i mSport

47,730
36/10k
0 down

430/mo with tax

Michaell

justinnum1 said:

Just got a 328i mSport

47,730
36/10k
0 down

430/mo with tax

Where is this? What is the tax rate? What is the MSRP or selling price, assuming the $47,730 is one of the two.

justinnum1

tax is 6%. i think the selling price was around 41500.

Michaell

justinnum1 said:

tax is 6%. i think the selling price was around 41500.

I'm getting $418/mo, so I suspect that a fee or two has been added to the selling price that brings the payment up to $430/mo

Still, a good deal on a car that stickers for almost $48K

nvd425

What would be the lease payment on a 2015 328i xDrive using the following information:

$53425 MSRP
$44899 asking
36 month term
15000 miles per year
NY

What is the MF and residual? This is a demo with 7770 miles on it. Thanks.

Michaell

nvd425 said:

What would be the lease payment on a 2015 328i xDrive using the following information:

$53425 MSRP
$44899 asking
36 month term
15000 miles per year
NY

What is the MF and residual? This is a demo with 7770 miles on it. Thanks.

.00129 and 63% for 36/15.

Leaving the demo miles out of the calculation, I get a pre-tax payment of $414/mo. The 7700 miles, however, are deducted from the calculated residual at .20/mi, so the residual comes down just over $1500, which would add about $43/mo to your payment - so, $447/mo before taxes. Still a good deal for a car that stickers at over $53K.