2015 BMW 3-Series Lease Questions

kyfdx

abhiku said:

Michaell said:

krmad78 said:

Hello, can i please have the MF and RV for the following?

2015 - 328I 36/10
2015 - 328x 36/10
2015 - 335x 36/10
2016 - 328i 36/10

Thank you so much!

.00131 MF for all of them.

2015 328i and 328xi - 60%
2015 335xi - 58%
$1500 buildout cash and $1500 Novemberfest adder

2016 328i - 62%. $750 option credit and $750 Novemberfest adder

Is this residual for 2015 320i for 36/10k?

320i residual is 58%

kyfdx

arachnid1337 said:

Michaell said:

arachnid1337 said:

Thanks for the Oct numbers on the gts! I got very close to where I wanted on the 328xi gt but couldn't quite get there, 55,650 msrp, sell price 49950 (with 1500 october incentive built in), .65 residual, .00115 mf including 7 extra MSDs (much higher than I expected) 7% sales tax , 925 acq fee, brought the monthly payment to 519 and I ended up walking away, Hopefully this was the right decision.

Could I please get the new incentives/residuals/money factors on these in PA:

2015 328i xdrive GT 36/10
2015 335i xdrive GT 36/10

2016 328i xdrive GT 36/10
2016 335i xdrive GT 36/10

Thanks!

2015 - .00131 and 61%. $1500 buildout credit and $1500 Novemberfest adder
2016 - .00131 and 62%. $750 option credit and $750 Novemberfest adder

Thanks!

Just to double check, the 328xi GT and 335xi GT are the same mf/residual/incentives?

Yes

bmwmrc1

Kyfx:

I want to know if this following deal is decent on a 328i sedan with navi, rear mirror, parking sensors:

MSRP: 42,800
- 6,300 (incl. the incentives and negotiated price off)
= 36,500 + 8% sales tax (2,920) = 39,420 (note: I am putting NO CASH down)

Residual @ .61 = 24,046.20
MF: .00134

Out of pocket at lease signing: Acq fee, first lease payment and DMV fees totaling: $1,877.

10,000 miles

$438 (incl. tax) per month.

kyfdx

bmwmrc1 said:

Kyfx:

I want to know if this following deal is decent on a 328i sedan with navi, rear mirror, parking sensors:

MSRP: 42,800
- 6,300 (incl. the incentives and negotiated price off)
= 36,500 + 8% sales tax (2,920) = 39,420 (note: I am putting NO CASH down)

Residual @ .61 = 24,046.20
MF: .00134

Out of pocket at lease signing: Acq fee, first lease payment and DMV fees totaling: $1,877.

10,000 miles

$438 (incl. tax) per month.

What state is this?

Also, this quote looks like it's from last month?

bmwmrc1

kyfdx, the state is California. And no this is not from last month. I am putting no money down and only paying out of pocket costs for first month, DMV costs and acquisition fees. I believe the dealer is putting the taxes on the vehicle into the overall cost of the vehicle. I hope this helps.

kyfdx

bmwmrc1 said:

kyfdx, the state is California. And no this is not from last month. I am putting no money down and only paying out of pocket costs for first month, DMV costs and acquisition fees. I believe the dealer is putting the taxes on the vehicle into the overall cost of the vehicle. I hope this helps.

The base MF for November is .00131. .00134 was the base in October. Also, 61% doesn't match any current residual for November for a 2015 328i.

CA taxes the monthly payment, so the tax amount on the selling price is invalid.

bmwmrc1

Kyfdx, thank you. So what is the residual on a 2015 328i? Is it .61 or is it .65?

And so I understand correctly, If I put nothing down and only pay the acquisition fee, dmv fees and first month lease, the actual sales tax of the negotiated price ($6,300 off msrp $42,800 - 6,300 = $36,500)) is NOT part of the equation, but rather built into my 36 monthly payments? (Thanks in advance).

Michaell

bmwmrc1 said:

Kyfdx, thank you. So what is the residual on a 2015 328i? Is it .61 or is it .65?

And so I understand correctly, If I put nothing down and only pay the acquisition fee, dmv fees and first month lease, the actual sales tax of the negotiated price ($6,300 off msrp $42,800 - 6,300 = $36,500)) is NOT part of the equation, but rather built into my 36 monthly payments? (Thanks in advance).

36/10 residual on a 2015 328i is 60%.

Yes, if you do not pay the taxes up front, they are added into your cap cost and become part of your monthly payment.

kyfdx

But, you can't pay your taxes upfront in California. They are collected on the monthly payment, and are a whole lot less than you were quoted..

Dealers do that a lot... they lay out all the numbers as though it were a purchase, then come up with a "magic" monthly payment that doesn't relate to a lot of the numbers on the purchase quote.

You are correct about the taxes.... the only tax paid upfront is on items collected upfront. The acquisition fee is taxable, so you'll have tax on that, but the rest of the tax is on the payment.

bmwmrc1

Thanks Kyfdx and Michaell. I re-ran the numbers. The MSRP is 42,800. The Cap is $36,500. I am now using the .60 residual and the .00131. I am not putting any cash down. I will pay $1,863 out of pocket at signing, which includes the first payment, acquisition fee + tax, doc fee, dmv fees.

My total monthly on a 36 month lease including tax is $425.37 per month.

Is this a good deal?

Michaell

bmwmrc1 said:

Thanks Kyfdx and Michaell. I re-ran the numbers. The MSRP is 42,800. The Cap is $36,500. I am now using the .60 residual and the .00131. I am not putting any cash down. I will pay $1,863 out of pocket at signing, which includes the first payment, acquisition fee + tax, doc fee, dmv fees.

My total monthly on a 36 month lease including tax is $425.37 per month.

Is this a good deal?

What is the tax rate where you live?

Those numbers get me $382.01/mo before tax.

bmwmrc1

Tax in California is 8%.

bmwmrc1

Michaell, based on your number, I should be paying $412.64 and not $425.37. Am I right?

Michaell

bmwmrc1 said:

Michaell, based on your number, I should be paying $412.64 and not $425.37. Am I right?

Yes.

bmwmrc1

Michaell, I don't understand where the bmw dealer is getting the additional $13 per month from. All he told me, was that he just puts the numbers in a software template and it spits out the numbers. I too questioned that, but he read back all of the numbers. What else is hidden that I don't know about?

Michaell

bmwmrc1 said:

Michaell, I don't understand where the bmw dealer is getting the additional $13 per month from. All he told me, was that he just puts the numbers in a software template and it spits out the numbers. I too questioned that, but he read back all of the numbers. What else is hidden that I don't know about?

Ask him for the net cap cost .. I suspect it's higher than the selling price we are using. If so, find out what's been added to the sell price to get the net cap cost number. That should identify the delta.

bmwmrc1

Michaell I will do that. Thank you again.

bmwmrc1

Michaell, at $412 per month including tax, I should be getting a solid deal right?

Michaell

bmwmrc1 said:

Michaell, at $412 per month including tax, I should be getting a solid deal right?

I don't track selling prices, and I don't make decisions with other peoples money

If you're comfortable with the pricing, no reason not to pull the trigger.

bmwmrc1

I understand. Thanks for your help. I'm waiting for the dealer to get back to me regarding the net cap cost.

bimmerdc

Hi, there -- Hoping you can provide a gut check on the terms of this loaner lease I'm looking at for a 2015 328i Xdrive to be leased in MD and registered in DC:

MSRP = 50,810.00
Sales price = 38,721.00
Miles = 9000
Mileage penalty = 0.15/mile
Residual value = 60%
MF = 0.001020
Monthly payment = 391.50

Due at closing: $4,320
acq fee = 925.00
processing fee = 299.00
tags = 144.00
7MSDs = 2,600
First monthly payment = 391.50

Thanks!

kyfdx

bimmerdc said:

Hi, there -- Hoping you can provide a gut check on the terms of this loaner lease I'm looking at for a 2015 328i Xdrive to be leased in MD and registered in DC:

MSRP = 50,810.00
Sales price = 38,721.00
Miles = 9000
Mileage penalty = 0.15/mile
Residual value = 60%
MF = 0.001020
Monthly payment = 391.50

Due at closing: $4,320
acq fee = 925.00
processing fee = 299.00
tags = 144.00
7MSDs = 2,600
First monthly payment = 391.50

Thanks!

I can't come up with a payment that high, given your numbers.
How is a lease taxed in DC? On the monthly payment, or the full selling price?
Either way, what is the tax rate?

The money factor is marked up from the base .00082.
Shouldn't the MSD amount be $2800? ($400 X 7).

The Net Cap Cost would be helpful.

bimmerdc

kyfdx said:

I can't come up with a payment that high, given your numbers.
How is a lease taxed in DC? On the monthly payment, or the full selling price?
Either way, what is the tax rate?

The money factor is marked up from the base .00082.
Shouldn't the MSD amount be $2800? ($400 X 7).

The Net Cap Cost would be helpful.

The DC taxes are actually monthly "use taxes" of 10% of the monthly payment, so the monthly I stated is inclusive of the 10% MUT. There is no cap cost reduction, so I'm assuming the sales price is the net cap cost. Slightly updated numbers:

MSRP: 50,810.00
Sales price: 38,721.00
Miles 9,000
Mileage penalty (@ 0.15): 1,350.00
Residual value %: 0.60
Lease-end value: 29,136.00
Net cap cost: 38,721.00
MF: 0.00102
Monthly payment: $391.50

DUE AT CLOSING = 4,284

• Fees (acq fee, processing fee, tags): 1,100
  
• 7MSDs: 2,800.00
  
• First monthly payment: 391.50
  

kyfdx

bimmerdc said:

kyfdx said:

I can't come up with a payment that high, given your numbers.
How is a lease taxed in DC? On the monthly payment, or the full selling price?
Either way, what is the tax rate?

The money factor is marked up from the base .00082.
Shouldn't the MSD amount be $2800? ($400 X 7).

The Net Cap Cost would be helpful.

The DC taxes are actually monthly "use taxes" of 10% of the monthly payment, so the monthly I stated is inclusive of the 10% MUT. There is no cap cost reduction, so I'm assuming the sales price is the net cap cost. Slightly updated numbers:

MSRP: 50,810.00
Sales price: 38,721.00
Miles 9,000
Mileage penalty (@ 0.15): 1,350.00
Residual value %: 0.60
Lease-end value: 29,136.00
Net cap cost: 38,721.00
MF: 0.00102
Monthly payment: $391.50

DUE AT CLOSING = 4,284

• Fees (acq fee, processing fee, tags): 1,100
  
• 7MSDs: 2,800.00
  
• First monthly payment: 391.50
  

I get $336/mo.+tax. That puts me at $369/mo.

It's a good deal, either way.... but, I'd ask for the CAP cost, so you know what you are paying for. $1100 wouldn't cover the fees/tags that you itemized above.

bimmerdc

Thanks, Kyfdx. I'm not doing any cap cost reduction so net cap I would think is same as sale price of $38,721. Right?

Michaell

bimmerdc said:

Thanks, Kyfdx. I'm not doing any cap cost reduction so net cap I would think is same as sale price of $38,721. Right?

Not always - net cap cost = selling price + fees, taxes not paid up front - cap cost reduction

If this number is higher than the selling price, find out what the dealer is adding in.

rvgs3045

Looking for MF and residual on 2015 328i Xdrive purchased from KS dealer. Has M sport package if that matters.

Car has demo miles on it, how is that adjusted for in the residual?

Michaell

rvgsm said:

Looking for MF and residual on 2015 328i Xdrive purchased from KS dealer. Has M sport package if that matters.

Car has demo miles on it, how is that adjusted for in the residual?

What lease term and how many miles per year?

.00131 MF

Number of miles * deduction per mile (.10-.25) is subtracted from the calculated residual.

rvgs3045

Michaell said:

rvgsm said:

Looking for MF and residual on 2015 328i Xdrive purchased from KS dealer. Has M sport package if that matters.

Car has demo miles on it, how is that adjusted for in the residual?

What lease term and how many miles per year?

.00131 MF

Number of miles * deduction per mile (.10-.25) is subtracted from the calculated residual.

36/10 lease terms

kyfdx

rvgsm said:

Looking for MF and residual on 2015 328i Xdrive purchased from KS dealer. Has M sport package if that matters.

36/10 lease terms

Car has demo miles on it, how is that adjusted for in the residual?

.00131 MF and 60% residual. $1500 buildout cash + $1500 Novemberfest adder.

Last demo deal we saw broken down, they reduced the residual by $0.15 per mile.

supakimchee

Just got an offer by my local dealer in Southern California

This is for a factory demo.

2015 328xi sedan with 6600 miles (M-sport, premium, cold weather, navi w/ touchpad, lighting package)
MSRP 52,950
Zero cap cost reduction
Net cap cost of 41,150
Residual - 60% 36/10k
Mileage penalty - 0.20/mile over 500 miles (think this subtracts around 1,200 on the residual)
MF 0.00082
Max MSDs of 2,800

Drive off costs - around 1850 (title,doc, first payment, acq. fee) + 2800 MSDs for total of 4650.

Monthly payment of 385 tax included.

arachnid1337

I have been looking around a bit and have seen some decently priced CPO elites (2015, <15k miles), especially ones that were loaners.

I had a few questions about these:

* Can any CPO elite be leased? Is there anything special about a loaner vs a typical CPO elite?
* Does the money factor change?
* Can any of the November incentives (such as 1500 Novemberfest) be applied?
* Is the car still covered under the 4 year full warranty with full service coverage? In addition to the extra 1 year of CPO elite warranty?
* Any general advice for leasing these?

Thanks!

kyfdx

supakimchee said:

Just got an offer by my local dealer in Southern California

This is for a factory demo.

2015 328xi sedan with 6600 miles (M-sport, premium, cold weather, navi w/ touchpad, lighting package)
MSRP 52,950
Zero cap cost reduction
Net cap cost of 41,150
Residual - 60% 36/10k
Mileage penalty - 0.20/mile over 500 miles (think this subtracts around 1,200 on the residual)
MF 0.00082
Max MSDs of 2,800

Drive off costs - around 1850 (title,doc, first payment, acq. fee) + 2800 MSDs for total of 4650.

Monthly payment of 385 tax included.

That's a great deal

kyfdx

arachnid1337 said:

I have been looking around a bit and have seen some decently priced CPO elites (2015,

CPOs are usually cars that have actually been owned before. You'll have to ask the dealer if they qualify for the new car program. Demos and service loaners almost always qualify, but true used cars usually don't.

If they don't qualify for the new car program, then the lease program could be drastically different, and they may not be worth leasing. Either way, they will definitely still have the original 4 year factory warranty (from the original in-service date). You'll have to check on the maintenance plan with the dealer.

supakimchee

kyfdx said:

supakimchee said:

Just got an offer by my local dealer in Southern California

This is for a factory demo.

2015 328xi sedan with 6600 miles (M-sport, premium, cold weather, navi w/ touchpad, lighting package)
MSRP 52,950
Zero cap cost reduction
Net cap cost of 41,150
Residual - 60% 36/10k
Mileage penalty - 0.20/mile over 500 miles (think this subtracts around 1,200 on the residual)
MF 0.00082
Max MSDs of 2,800

Drive off costs - around 1850 (title,doc, first payment, acq. fee) + 2800 MSDs for total of 4650.

Monthly payment of 385 tax included.

That's a great deal

Thanks, unfortunately, the friend I got this deal for got cold feet. I would have taken this deal personally but I'm already in a lease as it is.

norrent

Please advise the residual for 2015 BMW 335i 12k/15k miles. Thanks!

Michaell

norrent said:

Please advise the residual for 2015 BMW 335i 12k/15k miles. Thanks!

.00131 and 55% for 36/15. $1500 buildout cash and $1500 Novemberfest adder.

iscairns

Does anyone know if I could combine the $1K from the grad program with the current $3k in incentives?

kyfdx

iscairns said:

Does anyone know if I could combine the $1K from the grad program with the current $3k in incentives?

If you qualify, those should all be compatible.

mcwinste

Looking for residuals on a leftover 2015 328i xdrive sport wagon, 36/12. Also, are the $3,000 total incentives on the sedan available for the wagon? Thanks!

Michaell

mcwinste said:

Looking for residuals on a leftover 2015 328i xdrive sport wagon, 36/12. Also, are the $3,000 total incentives on the sedan available for the wagon? Thanks!

.00131 and 60% for 36/12.

Same $3000 in incentives on the wagon as well.

epiceagle

Hey guys. First, thanks to everyone for posting. I am reading some conflicting things from the recent posts and after talking to the dealerships, I am not seeing matching rates.

Can someone confirm the .00131 and 60% for 36/12 [MF=.00081 after max of 7 MSDs]?
Can someone also confirm $3000 on incentives for November 328i xdrive?

Thanks!!

kyfdx

epiceagle said:

Hey guys. First, thanks to everyone for posting. I am reading some conflicting things from the recent posts and after talking to the dealerships, I am not seeing matching rates.

Can someone confirm the .00131 and 60% for 36/12 [MF=.00081 after max of 7 MSDs]?
Can someone also confirm $3000 on incentives for November 328i xdrive?

Thanks!!

59% residual. After max MSDs, .00082

amg1949

This what bmwusa is currently offering on their website for a 2015 320i, does this seem like a good deal ?
What would be the money factor and residual on this offer ?

bmwusa.com/bmw/special-offers/lease/2015-320i-Sedan/disclaimer

Michaell

amg1949 said:

This what bmwusa is currently offering on their website for a 2015 320i, does this seem like a good deal ?
What would be the money factor and residual on this offer ?

bmwusa.com/bmw/special-offers/lease/2015-320i-Sedan/disclaimer

.00131 and 58%.

Any national or regional deal is just "OK". We don't recommend making a down payment on a lease, and you should be able to negotiate a lower selling price than that offered in the promotion.

amg1949

Thanks for the quick reply, I can't seem to figure out how they arrive at the figure of $279 a month in this deal , can someone help ?

I got the monthly depreciation part,
$35345msrp - 3000rebates - 3000downpay - 58% residual at 20500 = $8845
$8845 / 36 month = $245.70 depreciation a month

Then how do they go from 245.70 to 279 using the money factor of 0.00131 ?

Help !

bmwusa.com/bmw/special-offers/lease/2015-320i-Sedan/disclaimer

amg1949

Mistery solved, there is a dealer contribution of 1120, found on edmunds rebates and incentive page

thanks !

norrent

Please kindly advise the residual and MF for 2015 335i for 24mo/12k per year. Thanks!

kyfdx

norrent said:

Please kindly advise the residual and MF for 2015 335i for 24mo/12k per year. Thanks!

.00131 MF and 63% residual. $1500 buildout cash + $1500 Novemberfest adder.

36/12 residual is 57%

norrent

kyfdx said:

norrent said:

Please kindly advise the residual and MF for 2015 335i for 24mo/12k per year. Thanks!

.00131 MF and 63% residual. $1500 buildout cash + $1500 Novemberfest adder.

36/12 residual is 57%

Thank you very much!

Aside from 2015 335i, I also inquired about a 2015 328i demo car (5,977 miles) and below is the offer that I got:

36mo/12k

MSRP: $51,925
Selling: $40,274

Residual: 59% (Adjusted from 57% to account for the mileage on the vehicle)
MF: 0.00131

Monthly: $424.26 include 8.00% tax

Drive Off: 1st Mo + Acq. Fee + Other Fees = $1,918.72

So I was wondering if dealers normally bump the residual to offset the existing mileage on the vehicle or this is based on an individual dealer basis.