2016 BMW 2-Series Lease Questions

koguma

Do we have numbers for 24 months / 10k miles for 230i xDrive Coupe with Manual drive?

Michaell

koguma said:

Do we have numbers for 24 months / 10k miles for 230i xDrive Coupe with Manual drive?

The 2017 2-series discussion can be found here:

http://forums.edmunds.com/discussion/41982/bmw/2-series/2017-bmw-2-series-lease-questions#latest

cardinal12

Please provide the numbers for August, if available, for the M235 xDrive convertible as well as the 228i xDrive convertible. Looking at 36 months, 15k miles.

Thank you!

Michaell

cardinal12 said:

Please provide the numbers for August, if available, for the M235 xDrive convertible as well as the 228i xDrive convertible. Looking at 36 months, 15k miles.

Thank you!

No change from July .. BMW numbers are valid through 8/31.

.00137 and 58% for both trims.

gaindakot

I have an offer of $39000 (incl all taxes and fees) on 228 i x-drive with MSRP of $41620. Does this seem like a good deal? If it is, what would be my monthly payment with 1000 down on 10k/36m. Would you also please provide MF and residuals that is used in calculations.

Thanks

kyfdx

gaindakot said:

I have an offer of $39000 (incl all taxes and fees) on 228 i x-drive with MSRP of $41620. Does this seem like a good deal? If it is, what would be my monthly payment with 1000 down on 10k/36m. Would you also please provide MF and residuals that is used in calculations.

Thanks

What state and tax rate?

gaindakot

VA and 4%

Michaell

kyfdx said:

gaindakot said:

I have an offer of $39000 (incl all taxes and fees) on 228 i x-drive with MSRP of $41620. Does this seem like a good deal? If it is, what would be my monthly payment with 1000 down on 10k/36m. Would you also please provide MF and residuals that is used in calculations.

Thanks

What state and tax rate?

gaindakot said:

VA and 4%

With your prices, I get $466/mo

gaindakot

If you don't mind, would you also please provide MF and residual? And is residual calculated on MSRP or Cap Cost?

Michaell

gaindakot said:

If you don't mind, would you also please provide MF and residual? And is residual calculated on MSRP or Cap Cost?

.00137 and 61% for 36/10

Residual is calculated against MSRP

gaindakot

Thanks Michaell

kap8

What are the current money factor and residual value for 2016 228i xdrive 36/12? Thanks!

Michaell

kap8 said:

What are the current money factor and residual value for 2016 228i xdrive 36/12? Thanks!

.00137 and 60%

icon5585

Current res/mf for a 2016 m235i convertible 36/10k? Thanks

kyfdx

icon5585 said:

Current res/mf for a 2016 m235i convertible 36/10k? Thanks

.00137 MF and 61% residual

pearl23

Is this a good lease deal?

2016 BMW M235I XDrive coupe
Market Value: 54,430
Dealer discount - 3,663.00
Vehicle Price - 50,767.00

No money down - 7 MSD's
36 months, 10K miles
648.54 monthly payment
650 * 7 SD = 4,550
Residual - 33,202.30
rebate 1,000

Thanks!

Michaell

pearl23 said:

Is this a good lease deal?

2016 BMW M235I XDrive coupe
Market Value: 54,430
Dealer discount - 3,663.00
Vehicle Price - 50,767.00

No money down - 7 MSD's
36 months, 10K miles
648.54 monthly payment
650 * 7 SD = 4,550
Residual - 33,202.30
rebate 1,000

Thanks!

I get $562/mo before tax, assuming you got the base MF of .00137 (less MSDs - .00088).

What is the adjusted cap cost, if you are rolling in the fees and such.

Also, what state and tax rate?

pearl23

Thanks so much for the response Michaell! The state is NJ (Tax profile on the quote is : 7.00% + .4%). Still working on the adjusted cap cost.

pearl23

Also, additional costs include $925 bank fee and 309.50 doc fee

Michaell

pearl23 said:

Also, additional costs include $925 bank fee and 309.50 doc fee

Are you adding those into the cap cost, or paying them up front?

pearl23

I believe the dealer was adding them in. I could pay them upfront, would that be a better option?

Michaell

pearl23 said:

I believe the dealer was adding them in. I could pay them upfront, would that be a better option?

If you pay them up front, they won't be subjected to either interest or tax.

kyfdx

pearl23 said:

I believe the dealer was adding them in. I could pay them upfront, would that be a better option?

Acquisition fee will be taxed, either way.

gaindakot

I have an offer on a loaner 228xi with ~5000 miles. It's MRSP is $42925 and selling price is 35500. However, they are using ~57% residual because of the miles. Is this correct? Shouldn't this be the other way? Shouldn't the residual be higher for higher mileage car? Would someone please shed light into this?

Thanks,

kyfdx

gaindakot said:

I have an offer on a loaner 228xi with ~5000 miles. It's MRSP is $42925 and selling price is 35500. However, they are using ~57% residual because of the miles. Is this correct? Shouldn't this be the other way? Shouldn't the residual be higher for higher mileage car? Would someone please shed light into this?

Thanks,

The residual is what the car is worth at lease end. If it has more miles on it, then it's worth less (lower residual).

What term and mileage for the lease? Generally, the base residual percentage is reduced by $0.25/mile over a brand-new unit.

autojack11

Hi Michael - do you have the numbers for September? Thx!

Michaell

autojack11 said:

Hi Michael - do you have the numbers for September? Thx!

.00136 and 58% for the coupe; 63% for the convertible. 36/15 numbers.

autojack11

Thank you!! do you happen to know any of the incentives BMW is offering on the 2 series - more specifically the M235i X?

Michaell

autojack11 said:

Thank you!! do you happen to know any of the incentives BMW is offering on the 2 series - more specifically the M235i X?

$1500 option allowance in September.

autojack11

Just to clarify - the 1500 option allowance can be combined with the 500 loyalty and 1000 USAA for a total of 3000 in incentives - plus whatever discount the dealer is willing to offer? That's not bad! any ideas on how much dealers are discounting their inventory on the convertible? Thank you for your help!!

Michaell

autojack11 said:

Just to clarify - the 1500 option allowance can be combined with the 500 loyalty and 1000 USAA for a total of 3000 in incentives - plus whatever discount the dealer is willing to offer? That's not bad! any ideas on how much dealers are discounting their inventory on the convertible? Thank you for your help!!

For BMW, anything bigger than 5-7% off sticker, before incentives, is a decent discount.

green_lease

Looking for the 228xi convertible lease numbers for September for 10K and 12K per year for 36 months. Can you please help.

kyfdx

green_lease said:

Looking for the 228xi convertible lease numbers for September for 10K and 12K per year for 36 months. Can you please help.

They have a special 33 month lease on this model.

.00136 MF and 66%/65% residual for 33 months.
$1500 option allowance.

thawkth

Hello!

Could I please have the current numbers for the 228i xDrive Coupe:

36/10k and 36/12k please?

kyfdx

thawkth said:

Hello!

Could I please have the current numbers for the 228i xDrive Coupe:

36/10k and 36/12k please?

.00136 MF and 61%/60% residual. $1500 option allowance

bossbrooke

Hi! I need help Im afraid Im being bamboozled. looking to lease the 228i convertible 2016 red interior dealer gave me a price of MSRP $41000 (including dealing discount, loyal customer). he offered no down payment, $906 due at signing (first month payment and fees) and monthly payment of $550 payment. (33 month lease) is this good? i was expecting something along the lines of $450/month or i am being too optimistic .....

kyfdx

bossbrooke said:

Hi! I need help Im afraid Im being bamboozled. looking to lease the 228i convertible 2016 red interior dealer gave me a price of MSRP $41000 (including dealing discount, loyal customer). he offered no down payment, $906 due at signing (first month payment and fees) and monthly payment of $550 payment. (33 month lease) is this good? i was expecting something along the lines of $450/month or i am being too optimistic .....

The MSRP is the MSRP. Anything discounted from that is the selling price.

What is the MSRP?

bossbrooke

kyfdx said:

bossbrooke said:

Hi! I need help Im afraid Im being bamboozled. looking to lease the 228i convertible 2016 red interior dealer gave me a price of MSRP $41000 (including dealing discount, loyal customer). he offered no down payment, $906 due at signing (first month payment and fees) and monthly payment of $550 payment. (33 month lease) is this good? i was expecting something along the lines of $450/month or i am being too optimistic .....

The MSRP is the MSRP. Anything discounted from that is the selling price.

What is the MSRP?

my apologies MSRP is 44,495

Michaell

bossbrooke said:

kyfdx said:

bossbrooke said:

Hi! I need help Im afraid Im being bamboozled. looking to lease the 228i convertible 2016 red interior dealer gave me a price of MSRP $41000 (including dealing discount, loyal customer). he offered no down payment, $906 due at signing (first month payment and fees) and monthly payment of $550 payment. (33 month lease) is this good? i was expecting something along the lines of $450/month or i am being too optimistic .....

The MSRP is the MSRP. Anything discounted from that is the selling price.

What is the MSRP?

my apologies MSRP is 44,495

My guess is that the $41,000 is the selling price - the $906 he is asking for up front isn't enough to cover the first payment and the acquisition fee ($925), in addition to any other fees from the dealer.

Ask the dealer for the adjusted capitalized cost, and make sure you understand how they got to that number from the selling price.

Also, how many miles per year is this lease for?

bossbrooke

Michaell said:

bossbrooke said:

kyfdx said:

bossbrooke said:

Hi! I need help Im afraid Im being bamboozled. looking to lease the 228i convertible 2016 red interior dealer gave me a price of MSRP $41000 (including dealing discount, loyal customer). he offered no down payment, $906 due at signing (first month payment and fees) and monthly payment of $550 payment. (33 month lease) is this good? i was expecting something along the lines of $450/month or i am being too optimistic .....

The MSRP is the MSRP. Anything discounted from that is the selling price.

What is the MSRP?

my apologies MSRP is 44,495

My guess is that the $41,000 is the selling price - the $906 he is asking for up front isn't enough to cover the first payment and the acquisition fee ($925), in addition to any other fees from the dealer.

Ask the dealer for the adjusted capitalized cost, and make sure you understand how they got to that number from the selling price.

Also, how many miles per year is this lease for?

thank you! I will inquire. im doing 12k/yr 33 months

Michaell

bossbrooke said:

Michaell said:

bossbrooke said:

kyfdx said:

bossbrooke said:

Hi! I need help Im afraid Im being bamboozled. looking to lease the 228i convertible 2016 red interior dealer gave me a price of MSRP $41000 (including dealing discount, loyal customer). he offered no down payment, $906 due at signing (first month payment and fees) and monthly payment of $550 payment. (33 month lease) is this good? i was expecting something along the lines of $450/month or i am being too optimistic .....

The MSRP is the MSRP. Anything discounted from that is the selling price.

What is the MSRP?

my apologies MSRP is 44,495

My guess is that the $41,000 is the selling price - the $906 he is asking for up front isn't enough to cover the first payment and the acquisition fee ($925), in addition to any other fees from the dealer.

Ask the dealer for the adjusted capitalized cost, and make sure you understand how they got to that number from the selling price.

Also, how many miles per year is this lease for?

thank you! I will inquire. im doing 12k/yr 33 months

.00136 and 65%. $1500 option allowance.

lstewie

Hi could i have the numbers on a 2016 m235i RWD, 10k miles, 36 month. Thank you

Michaell

lstewie said:

Hi could i have the numbers on a 2016 m235i RWD, 10k miles, 36 month. Thank you

.00136 and 61%. $1500 option allowance.

lavjr

New to BMW lease, thanks in advance for your help.
I saw at BMW site the following:
Lease financing available on new 2016 BMW 228i Coupe.Monthly lease payments of $299.00 for 36 months based on MSRP of $33,845.00. $3,974.00 cash due at signing is based on $2,750.00 down payment, $299.00 first month payment, $925.00 acquisition fee, and $0.00 security deposit (not all customers will qualify for security deposit waiver). Tax, title, license, registration and dealer fees are additional fees due at signing. Purchase option at lease end (excluding tax, title, and other government fees) is $20,645.00. $1,500 Option Allowance available on BMW 228i Coupe models.

The $3974 cash due is $2750 down plus acquisition fee and first month right?
The $2750 include the $1500 or do I need to come up with the $2750?

I'm using 65% as Residual Value and 0.00136 money factor but I can't get $299 per month
Please what I'm doing wrong?

Thanks

Luiz V

kyfdx

lavjr said:

New to BMW lease, thanks in advance for your help.
I saw at BMW site the following:
Lease financing available on new 2016 BMW 228i Coupe.Monthly lease payments of $299.00 for 36 months based on MSRP of $33,845.00. $3,974.00 cash due at signing is based on $2,750.00 down payment, $299.00 first month payment, $925.00 acquisition fee, and $0.00 security deposit (not all customers will qualify for security deposit waiver). Tax, title, license, registration and dealer fees are additional fees due at signing. Purchase option at lease end (excluding tax, title, and other government fees) is $20,645.00. $1,500 Option Allowance available on BMW 228i Coupe models.

The $3974 cash due is $2750 down plus acquisition fee and first month right?
The $2750 include the $1500 or do I need to come up with the $2750?

I'm using 65% as Residual Value and 0.00136 money factor but I can't get $299 per month
Please what I'm doing wrong?

Thanks

Luiz V

The number you don't have is the dealer discount from MSRP.
On the advertised lease, the assumed discount is $615. This is in addition to the $1500 incentive.
The $1500 is used as a CAP cost reduction, so, yes... to get to that payment, you must come up with $3974 at signing.
The residual is 61%, not 65%

lavjr

kyfdx Posts: 48,038
10:17PM edited 10:18PM

The number you don't have is the dealer discount from MSRP.
On the advertised lease, the assumed discount is $615. This is in addition to the $1500 incentive.
The $1500 is used as a CAP cost reduction, so, yes... to get to that payment, you must come up with $3974 at signing.
The residual is 61%, not 65%
_____________________________________________________________________________
Thank you, then if I don't want to give the $2750, I will need to do MSDs, right?
And then my mf will be 0.00087?
Do I make these deposits every month or I give upfront? And I will receive the deposits when the lease finish?
Does all manufactures accept MSDs?
Please can I use the true market value from Edmund to calculate the Gross Cap Cost(Selling Price)?

Thanks

Luiz V

kyfdx

lavjr said:

kyfdx Posts: 48,038
10:17PM edited 10:18PM

The number you don't have is the dealer discount from MSRP.
On the advertised lease, the assumed discount is $615. This is in addition to the $1500 incentive.
The $1500 is used as a CAP cost reduction, so, yes... to get to that payment, you must come up with $3974 at signing.
The residual is 61%, not 65%
_____________________________________________________________________________
Thank you, then if I don't want to give the $2750, I will need to do MSDs, right?
And then my mf will be 0.00087?
Do I make these deposits every month or I give upfront? And I will receive the deposits when the lease finish?
Does all manufactures accept MSDs?
Please can I use the true market value from Edmund to calculate the Gross Cap Cost(Selling Price)?

Thanks

Luiz V

The advertised lease is just a suggestion. You don't have to make a $2750 Cap cost reduction. You can structure the lease however you want (of course, without the $2750, the monthly price will be higher). It's not even an offer. Dealers aren't required to give that deal.

MSDs are paid upfront, and refundable at lease end. MSD programs are generally only available through luxury makes.

You can use whatever number you want to estimate a lease payment, but you still have to get a dealer to agree to it.

lavjr

kyfdx said:

lavjr said:

kyfdx Posts: 48,038
10:17PM edited 10:18PM

The number you don't have is the dealer discount from MSRP.
On the advertised lease, the assumed discount is $615. This is in addition to the $1500 incentive.
The $1500 is used as a CAP cost reduction, so, yes... to get to that payment, you must come up with $3974 at signing.
The residual is 61%, not 65%
_____________________________________________________________________________
Thank you, then if I don't want to give the $2750, I will need to do MSDs, right?
And then my mf will be 0.00087?
Do I make these deposits every month or I give upfront? And I will receive the deposits when the lease finish?
Does all manufactures accept MSDs?
Please can I use the true market value from Edmund to calculate the Gross Cap Cost(Selling Price)?

Thanks

Luiz V

The advertised lease is just a suggestion. You don't have to make a $2750 Cap cost reduction. You can structure the lease however you want (of course, without the $2750, the monthly price will be higher). It's not even an offer. Dealers aren't required to give that deal.

MSDs are paid upfront, and refundable at lease end. MSD programs are generally only available through luxury makes.

You can use whatever number you want to estimate a lease payment, but you still have to get a dealer to agree to it.

Thank you very much for your help.
I just want to have a ball park figure, I know everything can change at the dealer.

Thanks

Luiz V

z4maudioman

I just leased a 2016 M235i Convertible (manual transmission) from Washington. I'm in California, so I had the car shipped over. This particular car has thousands of dollars worth of M Performance Parts on it, hence the high MSRP. Given that, plus the fact it was the only manual transmission M235i convertible left in the country, I felt pretty good about the deal below. Hopefully these numbers help someone else looking for a similar vehicle.

2016 M235i Convertible
MSRP: $62,095
Selling Price: $53,195 (Discounts: $1500 Fleet, $1500 Option, $500 Loyalty)
Acq Fee: $925
Cap Cost: $54,120 (Includes acquisition fee)
MF: 0.00116 (Includes 0.00020 fleet MF discount)
Term: 33
Miles/yr: 10,000
Residual %: 66%
Residual Value: $40,982.70
Base Payment: $508.42
Tax Rate: 8.50%
Monthly Tax: $43.22
Total Payment: $551.63

Due at Signing
First Payment: $551.63
Washington Doc Fee: $150.00
CA Registration: $470.00
Tax on loyalty rebate: $85.00
Total Drive Off $1,256.63

Cost to ship the car from Washington to CA was $375.

I decided against using MSDs primarily because I want to keep the flexibility of trading out of the lease in the event that I decide to hop into a M2 next year. It's much easier to trade out of leases without MSDs/cash exchanging hands.

Michaell

z4maudioman said:

I just leased a 2016 M235i Convertible (manual transmission) from Washington. I'm in California, so I had the car shipped over. This particular car has thousands of dollars worth of M Performance Parts on it, hence the high MSRP. Given that, plus the fact it was the only manual transmission M235i convertible left in the country, I felt pretty good about the deal below. Hopefully these numbers help someone else looking for a similar vehicle.

2016 M235i Convertible
MSRP: $62,095
Selling Price: $53,195 (Discounts: $1500 Fleet, $1500 Option, $500 Loyalty)
Acq Fee: $925
Cap Cost: $54,120 (Includes acquisition fee)
MF: 0.00116 (Includes 0.00020 fleet MF discount)
Term: 33
Miles/yr: 10,000
Residual %: 66%
Residual Value: $40,982.70
Base Payment: $508.42
Tax Rate: 8.50%
Monthly Tax: $43.22
Total Payment: $551.63

Due at Signing
First Payment: $551.63
Washington Doc Fee: $150.00
CA Registration: $470.00
Tax on loyalty rebate: $85.00
Total Drive Off $1,256.63

Cost to ship the car from Washington to CA was $375.

I decided against using MSDs primarily because I want to keep the flexibility of trading out of the lease in the event that I decide to hop into a M2 next year. It's much easier to trade out of leases without MSDs/cash exchanging hands.

Looks like a solid deal.

However, not sure that anyone will be able to get a similar deal if you got the last manual-transmission M235i convertible in the country.

Congrats, and enjoy!