2015 BMW 3-Series Lease Questions

beamerdon

Michaell said:

beamerdon said:

I went to the dealer and he is quoting me the following-

BMW 328i x drive
Lease period - 36 months
Miles per year - 12k
MSRP - $46205
After Discount - $43187
Per Month including tax for 35 months - $462.53
Down Payment - $5000 = $375.50 (Tax) + $369 (leasing fee - titles, etc.) + $950 (Acquisition fees) + $462.53 (first month's payment) + rest as down payment.
Residual value - 64% ($29571.2)
MF - did not share
Sales tax rate - 9.9% (Seattle, WA)
KBB fair purchase value - $42395

With Down payment of $2500, the per month payment becomes $538.59. However, based on my calculation I think per month numbers are high.

What should be a good price? Also, is 12k month lease is advisable against 10k given that the residual becomes 65% with 10k?

The number of miles you contract for should be dependent on your driving needs, not your budget. More expensive to pay for those miles at the end of the lease rather than every month as part of the payment.

Also, we do not recommend making a down payment - if the car is stolen or totaled, you lose that money. Keep the out of pocket to the fees and taxes.

Base MF is .00130; using your MSRP and discounted price, I get a payment of $519.61/mo after adding tax (10%? Ouch.). This leads me to believe the MF is being marked up on you

You aren't getting much of a discount off sticker; there is $1000 buildout cash, so the true discount is only about $2K.

Thanks for the information and the tip about the low down payment. I checked with the dealer and his is charging 0.00175 money factor.

I had another question - The payment $519.61/mo that you mentioned, is it for 12k miles or 10k miles? What will be the per month payment for the other case?

Thanks in advance.

Michaell

beamerdon said:

Michaell said:

beamerdon said:

I went to the dealer and he is quoting me the following-

BMW 328i x drive
Lease period - 36 months
Miles per year - 12k
MSRP - $46205
After Discount - $43187
Per Month including tax for 35 months - $462.53
Down Payment - $5000 = $375.50 (Tax) + $369 (leasing fee - titles, etc.) + $950 (Acquisition fees) + $462.53 (first month's payment) + rest as down payment.
Residual value - 64% ($29571.2)
MF - did not share
Sales tax rate - 9.9% (Seattle, WA)
KBB fair purchase value - $42395

With Down payment of $2500, the per month payment becomes $538.59. However, based on my calculation I think per month numbers are high.

What should be a good price? Also, is 12k month lease is advisable against 10k given that the residual becomes 65% with 10k?

The number of miles you contract for should be dependent on your driving needs, not your budget. More expensive to pay for those miles at the end of the lease rather than every month as part of the payment.

Also, we do not recommend making a down payment - if the car is stolen or totaled, you lose that money. Keep the out of pocket to the fees and taxes.

Base MF is .00130; using your MSRP and discounted price, I get a payment of $519.61/mo after adding tax (10%? Ouch.). This leads me to believe the MF is being marked up on you

You aren't getting much of a discount off sticker; there is $1000 buildout cash, so the true discount is only about $2K.

Thanks for the information and the tip about the low down payment. I checked with the dealer and his is charging 0.00175 money factor.

I had another question - The payment $519.61/mo that you mentioned, is it for 12k miles or 10k miles? What will be the per month payment for the other case?

Thanks in advance.

My calculations were based on 12,000 miles per year. Add 1% to the residual, or $460 (based on MSRP) - this will reduce your payment about $12-13/mo before tax

leog1

How did I do on my first lease?

2015 335xi M Sport  36/10k
MSRP: $53,800
Selling price: $50,500

Fees:
Acq. Fee: $925
DMV: $326
Doc: $349
Luxury Tax: .4% ($215.20)

Rebates: $2,000

MF: .00130
Residual: 65%
NJ Tax: 7%

Monthly payment: $516
Due at signing: $2,500

Michaell

leog1 said:

How did I do on my first lease?

2015 335xi M Sport  36/10k
MSRP: $53,800
Selling price: $50,500

Fees:
Acq. Fee: $925
DMV: $326
Doc: $349
Luxury Tax: .4% ($215.20)

Rebates: $2,000

MF: .00130
Residual: 65%
NJ Tax: 7%

Monthly payment: $516
Due at signing: $2,500

Looks pretty good. Enjoy your new BMW!

leog1

Great thank you!

scottnsc2

I'm beginning the process of considering my next vehicle after the lease ends on my 2013 3-series. Does anyone have experience with the Leasify app? Is it pretty accurate? It seems to be a fast way to check out several lease deals without having to wade through the research and payment calculation process, but don't want to rely on it too much if it is way off.

Michaell

scottnsc2 said:

I'm beginning the process of considering my next vehicle after the lease ends on my 2013 3-series. Does anyone have experience with the Leasify app? Is it pretty accurate? It seems to be a fast way to check out several lease deals without having to wade through the research and payment calculation process, but don't want to rely on it too much if it is way off.

There is a poster here - @Truman_r - who represents Leasify. I can't speak to anything about the app but you can PM him directly and get your questions answered.

truman_r

@scottnsc2 I will send you a PM but yes I strongly recommend using the Leasify app to request quotes (have dealers compete for your business), evaluate deals, and conduct research. We built Leasify to help car shoppers like you so feel free to reach out if you need help navigating the leasing process.

ffej2002

Hi, I'm in bay area California and got this deal for a 2015 328i sedan:

• MSRP: $45650 (Invoice $42415)
  
• Destination charge: $950 (not included above)
  
• Offered price: $41495
  
• lease term: 36-mo, 0 down, 7 MSDs, MF = 0.00089, residual = 65%
  
• $399 + tax per month
  

I ran the numbers in my lease calculator and found the monthly payment should be $375 + tax per month. Is it because some fee is not included yet? If I add about $835 charge (acquisition?), I will get $399.

Can someone comment on the deal? I wonder if I can push for a lower MF, lower price, or both. Can the residual go up to 66%?

Thanks!

sonicsk8

Can you tell me numbers on 2015 335i xdrive with M sport package
36 mo 10k and 12k in New York

Thanks!

ihitcows

Hiya hiya. What are the residual and money factor for a 2015 328i xDrive Sports Wagon for a 36-month, 10k-mile/year lease?

Has anyone scored the build-out rebate without ordering the car from the factory?

Thank ya.

Michaell

ffej2002 said:

Hi, I'm in bay area California and got this deal for a 2015 328i sedan:

• MSRP: $45650 (Invoice $42415)
  
• Destination charge: $950 (not included above)
  
• Offered price: $41495
  
• lease term: 36-mo, 0 down, 7 MSDs, MF = 0.00089, residual = 65%
  
• $399 + tax per month
  

I ran the numbers in my lease calculator and found the monthly payment should be $375 + tax per month. Is it because some fee is not included yet? If I add about $835 charge (acquisition?), I will get $399.

Can someone comment on the deal? I wonder if I can push for a lower MF, lower price, or both. Can the residual go up to 66%?

Thanks!

Current 328i lease numbers are .00130 and 65% for 36/10. Residual is fixed by the bank.

Using your MSRP, offered price and reduced MF, I get a payment of $386/mo plus tax.

Destination charge should be included in the MSRP - the residual is based off the bottom line number on the window sticker. That will add about $27/mo to the pre-tax payment.

How are you covering the acquisition fee, first payment and other fees?

Michaell

sonicsk8 said:

Can you tell me numbers on 2015 335i xdrive with M sport package
36 mo 10k and 12k in New York

Thanks!

.00130 and 65% / 64%. $1000 buildout cash.

Michaell

ihitcows said:

Hiya hiya. What are the residual and money factor for a 2015 328i xDrive Sports Wagon for a 36-month, 10k-mile/year lease?

Has anyone scored the build-out rebate without ordering the car from the factory?

Thank ya.

.00130 and 65%. $1000 build out cash.

Too late to order a 2015.

ihitcows

Michaell said:

ihitcows said:

Hiya hiya. What are the residual and money factor for a 2015 328i xDrive Sports Wagon for a 36-month, 10k-mile/year lease?

Has anyone scored the build-out rebate without ordering the car from the factory?

Thank ya.

.00130 and 65%. $1000 build out cash.

Too late to order a 2015.

Thank you! I will not be ordering a car. Can the $1,000 build-out rebate be applied to a car that is not ordered from the factory?

kyfdx

ihitcows said:

Michaell said:

ihitcows said:

Hiya hiya. What are the residual and money factor for a 2015 328i xDrive Sports Wagon for a 36-month, 10k-mile/year lease?

Has anyone scored the build-out rebate without ordering the car from the factory?

Thank ya.

.00130 and 65%. $1000 build out cash.

Too late to order a 2015.

Thank you! I will not be ordering a car. Can the $1,000 build-out rebate be applied to a car that is not ordered from the factory?

Yes... it applies to all 2015 models

kerb

Greetings, Could you kindly provide the buy rate and money factor for a 2015 328i 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 328i based upon 36/10 and 36/12 leases. Best.

.00130 and 64% for 36/12. $1000 buildout cash. Add 1% for 10K

niket

Hello ,

First of all what an amazing and helpful bunch of people here, i am so new to leasing and literally now i know some of the car dealers are called as sharks , well long story short, interested in the 328i with driver assistance package and was able to get a few numbers in

MSRP: $41,545.00
Selling price: $36,450.00 + tax == 39900
MF: i dont know
Residual: 27000 (in the quote)
Tax rate: CA
Due at signing: 2500(Bank fee, doc fee, dmv, 1st month payment)
Monthly payment: $352 incl tax

Is this a good deal team.

kyfdx

niket said:

Hello ,

First of all what an amazing and helpful bunch of people here, i am so new to leasing and literally now i know some of the car dealers are called as sharks , well long story short, interested in the 328i with driver assistance package and was able to get a few numbers in

MSRP: $41,545.00
Selling price: $36,450.00 + tax == 39900
MF: i dont know
Residual: 27000 (in the quote)
Tax rate: CA
Due at signing: 2500(Bank fee, doc fee, dmv, 1st month payment)
Monthly payment: $352 incl tax

Is this a good deal team.

You don't add tax to the price in California, on a lease. The monthly payment is taxed, instead.

Ask the dealer for the lease figures. A purchase quote with tax added isn't useful.

.00130 MF and 65% residual for 36mo, 10K/yr, with $1000 buildout cash

niket

hello Kyfdx,

just sent you a pm with a quote , sorry i cant make much sense of it, its too cryptic hence leaning to the experts her.

Regards
Niket

kyfdx

niket said:

hello Kyfdx,

just sent you a pm with a quote , sorry i cant make much sense of it, its too cryptic hence leaning to the experts her.

Regards
Niket

It's actually pretty clear.

$5095 discount from MSRP
No markups to the money factor or acq.fee (.00130 and $925)
Correct residual of 65%.

Seems like a pretty good deal.

If it's me, I cut my upfront to $1000, which is going to take the payment up to about $396/mo with tax included.

You should post the link to the sheet here, as well.

niket

Both the images attached.

niket

hello kyfdx,

another train of thought, does it make sense in adding a few MSD to bring down the price further rather than upfront.

Michaell

niket said:

hello kyfdx, another train of thought, does it make sense in adding a few MSD to bring down the price further rather than upfront.

 Absolutely 

kyfdx

niket said:

hello kyfdx,

another train of thought, does it make sense in adding a few MSD to bring down the price further rather than upfront.

Sure... cut your upfront to $1000, then make 4 MSDs at $400 each.. That will put the payment down to around $377, including tax.. And, you get the $1600 back at lease end..

niket

Thank you so much all for your help..lets see if the dealer now holds

palciparum

I am interested in buying (not leasing) 2015 BMW 3 series. Current Rebates and Incentives say - Customer Cash $1000. What is that and how do I use it when negotiating a price?

Michaell

palciparum said:

I am interested in buying (not leasing) 2015 BMW 3 series. Current Rebates and Incentives say - Customer Cash $1000. What is that and how do I use it when negotiating a price?

Negotiate your best price - 5-7% off sticker is good - then deduct the incentives.

beamerdon

Hi,

First of all thank you everyone for responding to my questions in the past. It has helped me not get oversold at the dealers.

The dealers in Seattle area do not seem to give a fair deal forget a good one. I am thinking of leasing the car (BMW 328i X drive) outside of WA state. Can someone guide me about the things I need to be careful about leasing from out of state as well as whether the pros and cons of it? If there is a link/blog/forum explaining this stuff, that will be great as well.

Thanks in advance!

Michaell

beamerdon said:

Hi,

First of all thank you everyone for responding to my questions in the past. It has helped me not get oversold at the dealers.

The dealers in Seattle area do not seem to give a fair deal forget a good one. I am thinking of leasing the car (BMW 328i X drive) outside of WA state. Can someone guide me about the things I need to be careful about leasing from out of state as well as whether the pros and cons of it? If there is a link/blog/forum explaining this stuff, that will be great as well.

Thanks in advance!

You will want to check with the department(s) of revenue in both WA and whatever state you decide to make the transaction in (OR or ID, I should think), to fully understand the tax implications.

niket

hello experts,

Need help with one more quote before i close

MSRP: $41,700.00
Selling price: $35590
MF: 0.13
Residual: 26560 (in the quote)
Tax rate: CA
Due at signing: 2500(Bank fee, doc fee, dmv, 1st month payment)
Monthly payment: $350 incl tax for 36 months 12k miles

Please let me know if the numbers look fine.

Michaell

niket said:

hello experts,

Need help with one more quote before i close

MSRP: $41,700.00
Selling price: $35590
MF: 0.13
Residual: 26560 (in the quote)
Tax rate: CA
Due at signing: 2500(Bank fee, doc fee, dmv, 1st month payment)
Monthly payment: $350 incl tax for 36 months 12k miles

Please let me know if the numbers look fine.

They do.

anatolys

Hi Everyone,

How's this?

2015 335i xDrive
MSRP $57,075
NCC $51,971
MF .0013
Residual 65% 36/10
Upfront $3,499 - inception + NYC tax
Monthly payment - $549

My monthly payment comes out to more so I assume the NCC is actually lower.

Thanks

bananaero

Hello,

Any information for 2015 328d xdrive wagon? 36 months, 10k miles and 12k miles a year? Any incentives on this model?

Thanks,

BAN

carguy10108

This might be a little out there, any idea on MF & residual on a '14 hybrid 3 factory demo?

Michaell

anatolys said:

Hi Everyone,

How's this?

2015 335i xDrive
MSRP $57,075
NCC $51,971
MF .0013
Residual 65% 36/10
Upfront $3,499 - inception + NYC tax
Monthly payment - $549

My monthly payment comes out to more so I assume the NCC is actually lower.

Thanks

Using those numbers, I get $529/mo ...

Michaell

bananaero said:

Hello,

Any information for 2015 328d xdrive wagon? 36 months, 10k miles and 12k miles a year? Any incentives on this model?

Thanks,

BAN

.00130 and 64% / 63%. $500 eco credit and $1000 build out cash.

Michaell

carguy10108 said:

This might be a little out there, any idea on MF & residual on a '14 hybrid 3 factory demo?

It is

No lease numbers on the 2014 3-series.

carguy10108

was worth a shot! Thanks.

anatolys

Michaell said:

anatolys said:

Hi Everyone,

How's this?

2015 335i xDrive
MSRP $57,075
NCC $51,971
MF .0013
Residual 65% 36/10
Upfront $3,499 - inception + NYC tax
Monthly payment - $549

My monthly payment comes out to more so I assume the NCC is actually lower.

Thanks

Using those numbers, I get $529/mo ...

Thanks Michaell. I was doing RV off the NCC...duh. Def should be $529!

mirenjobra

Hi guys, first time posting here, the info I've seen is very helpful!

I'm in the market for a 2015 328i xDrive, 36 months, 15k miles.

The printout I got from the dealer said the car's MSRP is $45495 (including $995 destination charge)

I asked for the monthly payment and details, but the dealer did not give me fees. She rolled all the incentives and fees into the monthly payment, and gave me a quote for $531/month.

These are the parameters she said she used (Chicago tax included).

MSRP: $47600
Selling Price: $42500
Residual: 62%
Money Factor: .0013
Taxes: $1516.17

No money down, no first payment, no security deposit, only need to pay doc fees and plates, about $437.

Is this a good deal? I wanted to get closer to $400, how close to that can I probably get? I have not done any negotiations yet.

niket

Hello Team,

How did I do with these numbers.



Is this a good deal

Selling price 35900
Acquisition fee 925
License fee 375
Cap fees 373

Total cost : 
37198

Tenure 36 months 12k miles

Cap reduction 1860
Amt applied at first pay is 609

Net cap cost is 
35307

Msrp 41705

Residual 64%
MF=0.0013

Monthly payment incl tax 347.92

Please let me know if these numbers are fine, as I am looking to close the deal tomorrow..

kyfdx

mirenjobra said:

Hi guys, first time posting here, the info I've seen is very helpful!

I'm in the market for a 2015 328i xDrive, 36 months, 15k miles.

The printout I got from the dealer said the car's MSRP is $45495 (including $995 destination charge)

I asked for the monthly payment and details, but the dealer did not give me fees. She rolled all the incentives and fees into the monthly payment, and gave me a quote for $531/month.

These are the parameters she said she used (Chicago tax included).

MSRP: $47600
Selling Price: $42500
Residual: 62%
Money Factor: .0013
Taxes: $1516.17

No money down, no first payment, no security deposit, only need to pay doc fees and plates, about $437.

Is this a good deal? I wanted to get closer to $400, how close to that can I probably get? I have not done any negotiations yet.

Is the MSRP $45,495 or $47,600?
Either way, what you need to know is the CAP cost. That's the selling price plus everything else.

And, if you want to be close to $400/mo., you need to pick a cheaper car.

kyfdx

niket said:

Hello Team,

How did I do with these numbers.



Is this a good deal

Selling price 35900
Acquisition fee 925
License fee 375
Cap fees 373

Total cost : 
37198

Tenure 36 months 12k miles

Cap reduction 1860
Amt applied at first pay is 609

Net cap cost is 
35307

Msrp 41705

Residual 64%
MF=0.0013

Monthly payment incl tax 347.92

Please let me know if these numbers are fine, as I am looking to close the deal tomorrow..

What is the MSRP?

niket

Hello kyfdx, its 41700

platopod

Residuals for 24/12 and 24/10? on a 328ixdrive and 320i ? CO

joeh2015

Is this a good LEASE deal or not?

2015 328i with moonroof

invoice: $35,000 (not including 9.5% tax rate)
msrp: $39,700
down: $3,000
monthly payment: $400 (tax and everything included)
15K miles / year x 36 months.

residual: $24,490

I purchased the wear and tear protection package for $800. Car has run flat tires, which means i don't have to replace at end of lease. scratches dents dings no problem all is covered.

mirenjobra

kyfdx said:

mirenjobra said:

Hi guys, first time posting here, the info I've seen is very helpful!

I'm in the market for a 2015 328i xDrive, 36 months, 15k miles.

The printout I got from the dealer said the car's MSRP is $45495 (including $995 destination charge)

I asked for the monthly payment and details, but the dealer did not give me fees. She rolled all the incentives and fees into the monthly payment, and gave me a quote for $531/month.

These are the parameters she said she used (Chicago tax included).

MSRP: $47600
Selling Price: $42500
Residual: 62%
Money Factor: .0013
Taxes: $1516.17

No money down, no first payment, no security deposit, only need to pay doc fees and plates, about $437.

Is this a good deal? I wanted to get closer to $400, how close to that can I probably get? I have not done any negotiations yet.

Is the MSRP $45,495 or $47,600?
Either way, what you need to know is the CAP cost. That's the selling price plus everything else.

And, if you want to be close to $400/mo., you need to pick a cheaper car.

The MSRP is $45,495. I'm guessing she added all the fees and counted it as the MSRP to make it look like she was giving me a bigger discount?

I would assume the CAP cost is the $42500 because the $531 she quoted me includes everything except doc fees and plates. If this doesn't sound right let me know and I will ask her.

Also, I am aware $400/month is unreasonable, but would it be a stretch to get the payment with taxes down to $450/month?

Also are her residual/MF numbers correct?

Michaell

platopod said:

Residuals for 24/12 and 24/10? on a 328ixdrive and 320i ? CO

24/12 numbers:

.00130 and 69% (320xi) or 70% (328xi). $1000 buildout cash.

Add 1% for 10K.