2016 BMW 2-Series Lease Questions

kyfdx

alanxparr said:

Michaell said:

alanxparr said:

Michaell said:

alanxparr said:

Hi,

I'm looking at my first BMW, an m235i. This will also be my first lease, and I want 12k/year for 36 months.

The numbers I have from the dealer are:
MSRP of 52,349 (has tech and cold weather packages)
Cap Cost of 50,500
Money Factor of 0.00175
Residual of 60%

I think the MF is too high, as is the Cap Cost. Would like to get an opinion on current lease values in the upper Midwest right now.

Thanks in advance for your help.

Yes, the MF is marked up the maximum (base is .00135). 36/12 residual is 60%

In general, 5-7% off sticker for BMW is a good transaction price. Does the cap cost include any up front taxes or fees?

That cap cost does not include fees. The dealer's offer was capitalizing $50,500 for a monthly payment of $674. Tax/Title/License/Acquision total $3,626.

I'm talking to other dealers already; your benchmark of 5-7% off the sticker is very handy, thanks for the tip.

Using your prices, I get $641/mo before tax with the base MF of .00135; the inflated MF takes the payment to ... wait for it ... $674.

Ouch! I wish someone would give me $33/month over 3 years ($1188) for being an a-hole. Anyway, I'm better prepared for my negotiation with a different dealer now. Thanks so much for your help Michael, you are brilliant. I'm looking forward to my first BMW!

Almost every dealer is going to markup the money factor. Try going back to this dealer and telling them what will close the deal.

jimmyjohns

Hi Michaell, do you know the MF and residual value for 2 series in May? Looking for leasing a M235i with 10k/yr. Thanks!

kyfdx

jimmyjohns said:

Hi Michaell, do you know the MF and residual value for 2 series in May? Looking for leasing a M235i with 10k/yr. Thanks!

.00138 MF and 61% residual for 36 months.

advansuper

Redsidual for 15k/yr? MF should be that same, right?

Michaell

advansuper said:

Redsidual for 15k/yr? MF should be that same, right?

.00138 and 58% for 36/15 - all 2-series except M2

dhamilton

Hi from Ft Riley in Kansas. Looking for 36/15 numbers for a 228 manual trans with m-sport. I have tier 1 credit. Thanks very much, this forum is invaluable!!

dhamilton

Also, is there's any current lease incentives for military or leasing in general?

kyfdx

dhamilton said:

Hi from Ft Riley in Kansas. Looking for 36/15 numbers for a 228 manual trans with m-sport. I have tier 1 credit. Thanks very much, this forum is invaluable!!

dhamilton said:

Also, is there's any current lease incentives for military or leasing in general?

.00138 MF and 58% residual. No incentives that we see.

masterchibi

Hi! May I please have numbers for m235i 36/12 and 24/12 (if it exists) for 2016 CPO lease? Thanks very much. They said they do not have anything less than 36 months for CPO leases.

Dealer gave me .00158 with MSDs and 57.96% residual for a 36/12. I feel like they are marking up the MF a little bit because they said MF is .00178 with $0 down, which doesn't coincide with the research of MSD's reducing it by a standard .00049.

Michaell

masterchibi said:

Hi! May I please have numbers for m235i 36/12 and 24/12 (if it exists) for 2016 CPO lease? Thanks very much. They said they do not have anything less than 36 months for CPO leases.

Dealer gave me .00158 with MSDs and 57.96% residual for a 36/12. I feel like they are marking up the MF a little bit because they said MF is .00178 with $0 down, which doesn't coincide with the research of MSD's reducing it by a standard .00049.

Is this a unit that has or has not been titled?

If it has been titled, we have no information on the new CPO lease program from BMW.

If this is a demo or a service loaner unit that has not been titled, then it qualifies for new car lease numbers from BMW - .00138 and 66% or 60%.

masterchibi

Hi Michaell - thanks for the response. According to them it was titled. Drats to not having info on the CPO lease program, any possibility of getting it in the future? Thank you!

Michaell

masterchibi said:

Hi Michaell - thanks for the response. According to them it was titled. Drats to not having info on the CPO lease program, any possibility of getting it in the future? Thank you!

Here's hoping so!

Starting to get more requests for CPO leases - both BMW and Lexus are starting programs.

autumnleaves16

Hello, what is residual & MF for 228i in June? 36/10 and 36/12

Is it possible to get approximate monthly payment if purchase price is $34k with no cap reduction and no MSDs, purchased in FL?

Thanks!

kyfdx

autumnleaves16 said:

Hello, what is residual & MF for 228i in June? 36/10 and 36/12

Is it possible to get approximate monthly payment if purchase price is $34k with no cap reduction and no MSDs, purchased in FL?

Thanks!

.00138 MF and 61%/60% residual.

What is the MSRP?

jon539539

Hello BMW Leasing Geniuses, first off, thank you for all the time you spend here helping others. In the world of negotiating leases, this is a happy place...


Im working a deal on a 2106 M235i xdrive.

Sticker is $53620
Im In New York
They have told me the residual is 32708
They will not tell me the money factor, but I estimated it about .00130 based on what Im seeing here.
They want $599 a month for the car.
Taxes, $995 Bank Fee, and first month paid up front.
I estimate our negotiated price for the car is about 51000 (doing the math backwards)

Can anyone comment on this deal or correct any of the assumptions?

Thanks

autumnleaves16

kyfdx said:

autumnleaves16 said:

Hello, what is residual & MF for 228i in June? 36/10 and 36/12

Is it possible to get approximate monthly payment if purchase price is $34k with no cap reduction and no MSDs, purchased in FL?

Thanks!

.00138 MF and 61%/60% residual.

What is the MSRP?

Thanks!

MSRP: $35,740

Quick question on the side: do packages like M Sport or Track Handling affect residuals?

kyfdx

jon539539 said:

Hello BMW Leasing Geniuses, first off, thank you for all the time you spend here helping others. In the world of negotiating leases, this is a happy place...


Im working a deal on a 2106 M235i xdrive.

Sticker is $53620
Im In New York
They have told me the residual is 32708
They will not tell me the money factor, but I estimated it about .00130 based on what Im seeing here.
They want $599 a month for the car.
Taxes, $995 Bank Fee, and first month paid up front.
I estimate our negotiated price for the car is about 51000 (doing the math backwards)

Can anyone comment on this deal or correct any of the assumptions?

Thanks

.00138 MF and 61% residual, assuming 36 mo, 10K/yr.

To get to $599/mo, your price would have to be about $50,200, assuming all other charges are paid upfront.

kyfdx

autumnleaves16 said:

kyfdx said:

autumnleaves16 said:

Hello, what is residual & MF for 228i in June? 36/10 and 36/12

Is it possible to get approximate monthly payment if purchase price is $34k with no cap reduction and no MSDs, purchased in FL?

Thanks!

.00138 MF and 61%/60% residual.

What is the MSRP?

Thanks!

MSRP: $35,740

Quick question on the side: do packages like M Sport or Track Handling affect residuals?

$416/mo.+tax, assuming all other charges are paid upfront.

Options and packages don't affect the residual percentage.

jon539539

kyfdx said:

jon539539 said:

Hello BMW Leasing Geniuses, first off, thank you for all the time you spend here helping others. In the world of negotiating leases, this is a happy place...


Im working a deal on a 2106 M235i xdrive.

Sticker is $53620
Im In New York
They have told me the residual is 32708
They will not tell me the money factor, but I estimated it about .00130 based on what Im seeing here.
They want $599 a month for the car.
Taxes, $995 Bank Fee, and first month paid up front.
I estimate our negotiated price for the car is about 51000 (doing the math backwards)

Can anyone comment on this deal or correct any of the assumptions?

Thanks

.00138 MF and 61% residual, assuming 36 mo, 10K/yr.

To get to $599/mo, your price would have to be about $50,200, assuming all other charges are paid upfront.

Thank you again! I did the following math and would like to present to dealer, to make my deal. Bad idea? Any comments or corrections?

Sticker Price $53,620.00
Estimated Negotiated Price $50,310.00
Residual $32,708.00

Negotiated Less Residual $17,602.00
Tax on Leased Amount $1,518.17
Bank Fee $995.00
First Month $599.00
Total Due (Bank, First Month and Tax) $3,112.17
Total Cash Requested $5,900.00
Is Down Payment $2,787.83

Monthly Payments $599.00
Term 36 / 10K 36
Total Payments $21,564.00
Actual Amount Leased $17,602.00
Down Payment $2,787.83

Difference (Dealer Profit) $6,749.83

jon539539

By the way Im going to try to erase that down payment of 2787 if I can.

kyfdx

jon539539 said:

kyfdx said:

jon539539 said:

Hello BMW Leasing Geniuses, first off, thank you for all the time you spend here helping others. In the world of negotiating leases, this is a happy place...


Im working a deal on a 2106 M235i xdrive.

Sticker is $53620
Im In New York
They have told me the residual is 32708
They will not tell me the money factor, but I estimated it about .00130 based on what Im seeing here.
They want $599 a month for the car.
Taxes, $995 Bank Fee, and first month paid up front.
I estimate our negotiated price for the car is about 51000 (doing the math backwards)

Can anyone comment on this deal or correct any of the assumptions?

Thanks

.00138 MF and 61% residual, assuming 36 mo, 10K/yr.

To get to $599/mo, your price would have to be about $50,200, assuming all other charges are paid upfront.

Thank you again! I did the following math and would like to present to dealer, to make my deal. Bad idea? Any comments or corrections?

Sticker Price $53,620.00
Estimated Negotiated Price $50,310.00
Residual $32,708.00

Negotiated Less Residual $17,602.00
Tax on Leased Amount $1,518.17
Bank Fee $995.00
First Month $599.00
Total Due (Bank, First Month and Tax) $3,112.17
Total Cash Requested $5,900.00
Is Down Payment $2,787.83

Monthly Payments $599.00
Term 36 / 10K 36
Total Payments $21,564.00
Actual Amount Leased $17,602.00
Down Payment $2,787.83

Difference (Dealer Profit) $6,749.83

BMW acquisition fee is $925, not $995.
With $50,310 as the CAP cost, the payment is $603.50/mo.

Where does the $2787 downpayment come in. Doesn't your $3112 cover all upfront charges?
Who is requesting $5900 total cash.?

You are using a lot of figures and terms incorrectly. And, they in no way add up to dealer profit.

Which state and tax rate? How did you calculate the tax?

obaidashraf

Hi, Can someone look over this lease and help me make sense of it. Its quite absurd, i was able to negotiate on the MRSP but the science afterwards got lost on me. I know MF is marked to the max and i will try to go for .00138.

Car will be registered in Pittsburgh, PA Zip code: 15212.

would really appreciate some help with this. Its my first lease:

Michaell

obaidashraf said:

Hi, Can someone look over this lease and help me make sense of it. Its quite absurd, i was able to negotiate on the MRSP but the science afterwards got lost on me. I know MF is marked to the max and i will try to go for .00138.

Car will be registered in Pittsburgh, PA Zip code: 15212.

would really appreciate some help with this. Its my first lease:

Actually, the max markup would put the MF at .00178, but the more concerning item to me is the $6000 residual adjustment. How many miles are on this car? BMW charges somewhere around .15-.25 per mile for untitled demo units.

I would seek a bigger discount from sticker to account for the miles - a 6.5% discount is OK for a car with 0-50 miles on it.

2015a3tdi

Hi,

Can I ask for 36/15 numbers on the 228i and 228i xDrive? Thanks!

kyfdx

2015a3tdi said:

Hi,

Can I ask for 36/15 numbers on the 228i and 228i xDrive? Thanks!

.00138 MF and 58% residual for either model.

ryanrx7power

Hi, can you check my lease payment here?

2016 M235i Xdrive. MSRP 54120 buy price 50647.
36-months, 12k. 3000 down

kyfdx

ryanrx7power said:

Hi, can you check my lease payment here?

2016 M235i Xdrive. MSRP 54120 buy price 50647.
36-months, 12k. 3000 down

.00138 MF and 60% residual.

Using the buy price as the CAP cost, $620/mo.

dylee86

Good morning, I've been trying to finalize my lease deal with a dealer. I'm extremely glad that I've came across this forum and really appreciate what you are doing for the consumers (like me) out there.
I already went into the dealer (in CA) and was approved for tier 1 credit and am looking to lease a 2016 228i at 36/12k. I have few questions I would love to get answers for to finalize the deal before June 2016 is over (in case the $1000 incentive is no longer effective in July 2016).

1) Please let me know if the monthly payment is correctly quoted:
MSRP: $40050
Selling Price: $35005
36/12k, MF: 0.00138, 60% residual
Monthly = $413.30 + tax 8% (33.06) = $446.36
Drive off fee (including first month + 3 year registration) = $897.76

2) I feel like the Bank Fee of $925 was added to the selling price to give total capitalized cost for the previous calculation. Instead of adding that fee to the total capitalized cost can I ask them to let me pay that fee as part of the drive off fee instead of adding it to the total capitalized cost? would that save me some money?

3) I've been hearing a lot about MSD. Will I be able to request that to my dealership? If you have time can you please explain to me how MSD works? pros and cons of MSD? and is it worth it for me to do it?

4) There's add-ons Wheel locks/Black kidney grilles (totaling $380) on the sticker which is incorporated into the MSRP (but says $0 for residualized). Am I able to request the dealership to not include that for my lease (I believe that the dealership told me that it's now being put on prior to shipment and is incorporated into MSRP so there is no way for me to not take that option to lower the payments)?

5) Being able to lower the cost even just a tiny bit will definitely help me and is there anything for my current offer that I can talk to the dealership about to reduce the cost in any way?

I really really appreciate you guys taking your precious time to help people around US in need. I hope I can hear back from you soon!

Thank you!

kyfdx

dylee86 said:

Good morning, I've been trying to finalize my lease deal with a dealer. I'm extremely glad that I've came across this forum and really appreciate what you are doing for the consumers (like me) out there.
I already went into the dealer (in CA) and was approved for tier 1 credit and am looking to lease a 2016 228i at 36/12k. I have few questions I would love to get answers for to finalize the deal before June 2016 is over (in case the $1000 incentive is no longer effective in July 2016).

1) Please let me know if the monthly payment is correctly quoted:
MSRP: $40050
Selling Price: $35005
36/12k, MF: 0.00138, 60% residual
Monthly = $413.30 + tax 8% (33.06) = $446.36
Drive off fee (including first month + 3 year registration) = $897.76

2) I feel like the Bank Fee of $925 was added to the selling price to give total capitalized cost for the previous calculation. Instead of adding that fee to the total capitalized cost can I ask them to let me pay that fee as part of the drive off fee instead of adding it to the total capitalized cost? would that save me some money?

3) I've been hearing a lot about MSD. Will I be able to request that to my dealership? If you have time can you please explain to me how MSD works? pros and cons of MSD? and is it worth it for me to do it?

4) There's add-ons Wheel locks/Black kidney grilles (totaling $380) on the sticker which is incorporated into the MSRP (but says $0 for residualized). Am I able to request the dealership to not include that for my lease (I believe that the dealership told me that it's now being put on prior to shipment and is incorporated into MSRP so there is no way for me to not take that option to lower the payments)?

5) Being able to lower the cost even just a tiny bit will definitely help me and is there anything for my current offer that I can talk to the dealership about to reduce the cost in any way?

I really really appreciate you guys taking your precious time to help people around US in need. I hope I can hear back from you soon!

Thank you!

1) and 2) You are correct. Adding the $925 acq.fee to the selling price yields this payment, exactly. Paying it upfront would save the finance charges over the life of the lease, but that is very minimal. Really no point in paying that upfront. It's taxable, either way.

3) MSDs are Multiple Security Deposits. By making deposits, the money factor is reduced. BMWFS allows 7 deposits, which each lower the MF by .00007 or .00049 total. They are refundable at lease end. It's a good deal, but it's also a chunk of money to put upfront. If you have that money available, I highly recommend it. In this case, 7 deposits of $450/ea. = $3150. Putting the $3150 into a security deposit would lower the money factor to .00089, and lower the pretax payment to $383.92 and the total payment to $414.63. That saves $1142 over the 36 months of the lease.
Dealers are not required to participate, and it does lower their profit margin, slightly. However, most dealerships do not hesitate to allow it.

4) If those add-ons are part of the MSRP of $40,050, then they have been residualized, or the calculations would not work. If they aren't on the official government sticker, then they won't be residualized. Port Installed Options (PIO) are usually on the sticker and residualized. As long as they stick to your quoted payment, it won't really matter in the short or long run.

5) MSDs are a good deal. If you have the $3150 available, then $414.63 is a great payment for this vehicle, with only $900 due at signing.

hpowders

Hello lease experts. I want to lease a 2016 M235i coupe for 3 years, 10,000 miles per year.
What is the current base money factor and residual value for this vehicle?
Thank you!

kyfdx

hpowders said:

Hello lease experts. I want to lease a 2016 M235i coupe for 3 years, 10,000 miles per year.
What is the current base money factor and residual value for this vehicle?
Thank you!

.00138 MF and 61% residual

hpowders

kyfdx said:

hpowders said:

Hello lease experts. I want to lease a 2016 M235i coupe for 3 years, 10,000 miles per year.
What is the current base money factor and residual value for this vehicle?
Thank you!

.00138 MF and 61% residual

Thank you, kyfdx!

tedcars476

Happy July!!!

Do you have the July program residual and MF for a 228i xDrive Coupe?

Any incentives?

Thanks!!!

hpowders

Hello Edmunds Lease Experts!

I need the residual and money factor for leasing a 2016 M235i coupe, 10,000 miles per year for 36 months.

Thank you!!

Michaell

tedcars476 said:

Happy July!!!

Do you have the July program residual and MF for a 228i xDrive Coupe?

Any incentives?

Thanks!!!

We have limited information for July. What lease term and how many miles per year?

tedcars476

Michaell said:

tedcars476 said:

Happy July!!!

Do you have the July program residual and MF for a 228i xDrive Coupe?

Any incentives?

Thanks!!!

We have limited information for July. What lease term and how many miles per year?

Oooh, I hate it when I forget to include that...

36 months, 12K miles

Michaell

tedcars476 said:

Michaell said:

tedcars476 said:

Happy July!!!

Do you have the July program residual and MF for a 228i xDrive Coupe?

Any incentives?

Thanks!!!

We have limited information for July. What lease term and how many miles per year?

Oooh, I hate it when I forget to include that...

36 months, 12K miles

.00137 and 60%

hpowders

hpowders said:

Hello Edmunds Lease Experts!

I need the residual and money factor for leasing a 2016 M235i coupe, 10,000 miles per year for 36 months.

Thank you!!

I meant are the July numbers different from the 0.00138 and 61% for June?

Michaell

hpowders said:

hpowders said:

Hello Edmunds Lease Experts!

I need the residual and money factor for leasing a 2016 M235i coupe, 10,000 miles per year for 36 months.

Thank you!!

I meant are the July numbers different from the 0.00138 and 61% for June?

.00137 and 63%

hpowders

Michaell said:

hpowders said:

hpowders said:

Hello Edmunds Lease Experts!

I need the residual and money factor for leasing a 2016 M235i coupe, 10,000 miles per year for 36 months.

Thank you!!

I meant are the July numbers different from the 0.00138 and 61% for June?

.00137 and 63%

Wow! Looking good, Michaell. Thanks! Of course my BMW dealer would have other "plans" for me.

hpowders

Michaell said:

hpowders said:

hpowders said:

Hello Edmunds Lease Experts!

I need the residual and money factor for leasing a 2016 M235i coupe, 10,000 miles per year for 36 months.

Thank you!!

I meant are the July numbers different from the 0.00138 and 61% for June?

.00137 and 63%

Michaell: 63% is the July residual for 10,000 miles per year, 3 years?

kyfdx

hpowders said:

Michaell said:

hpowders said:

hpowders said:

Hello Edmunds Lease Experts!

I need the residual and money factor for leasing a 2016 M235i coupe, 10,000 miles per year for 36 months.

Thank you!!

I meant are the July numbers different from the 0.00138 and 61% for June?

.00137 and 63%

Michaell: 63% is the July residual for 10,000 miles per year, 3 years?

2016 M235i Coupe
36/10
.00137 MF and 61% residual

mae2050

What is the RV, MF and any incentives (e.g. fleet incentive) for 36/12, 48/10, 48/12 for a 228xi convertible or m235i xdrive convertible?

I'm trying to close on a deal tomorrow.

kyfdx

mae2050 said:

What is the RV, MF and any incentives (e.g. fleet incentive) for 36/12, 48/10, 48/12 for a 228xi convertible or m235i xdrive convertible?

I'm trying to close on a deal tomorrow.

.00137 MF and 60% residual for 36/12, for either model.

48 month numbers aren't viable.

No known incentives

jase2addict

Hello Ky can you tell me the residual on 2017 230i?

kyfdx

jase2addict said:

Hello Ky can you tell me the residual on 2017 230i?

.00137 MF and 53% residual for 36 months, 15K/yr

lf12345

Hello,

Can you tell me the MF and residual for a 2017 m240i coupe (RWD), 36 mo, 12k and 15k?
Thank you!

kyfdx

lf12345 said:

Hello,

Can you tell me the MF and residual for a 2017 m240i coupe (RWD), 36 mo, 12k and 15k?
Thank you!

Post here, please:
http://forums.edmunds.com/discussion/41982/bmw/2-series/2017-bmw-2-series-lease-questions/p1?new=1


thanks!

aa2015

Hello, I'm looking to lease a 228i msrp $34195.00. I have not requested the lease quote but I'd like to get an idea of the monthly payments and what should be considered a "good deal". Term 36mo with 15kmiles per year and no more than $1500 out pocket. I live in the LA area zip 90026. Any help would be appreciated. 

Michaell

aa2015 said:

Hello, I'm looking to lease a 228i msrp $34195.00. I have not requested the lease quote but I'd like to get an idea of the monthly payments and what should be considered a "good deal". Term 36mo with 15kmiles per year and no more than $1500 out pocket. I live in the LA area zip 90026. Any help would be appreciated. 

.00137 and 58%.

You'll need to negotiate a selling price before we can calculate a payment. Use the "make / model / year" pull downs at the top of the screen to link to the price tools. For BMW, 6% off sticker is a decent target.