2016 BMW 3-series Lease Questions

Michaell

koachkoon said:

Can anyone confirm that corporate fleet provides lease cash and reduces MF by .00020 for a 3 series? Thanks.

That's what other posters in the various BMW lease forums have indicated. We have no information on these programs.

goel_ar1

This is what I took it for.. (in NJ)
MSRP : 46345
MSD : 3150
Monthly Payment : $407/pm
Paid at delivery : $407/pm + $3150 (MSD) [Rolled Taxes/Title/Registration into cap cost]

I was quoted Selling Price @ 40579
$1500 incentive towards cap cost
MF = 0.00137
Residual:66% (10k/36)
Tax=7%
Fees=495+199(after market)
Acquistion Fees : $925

Can someone confirm whether numbers add up and any comment on the deal?

Michaell

goel_ar1 said:

This is what I took it for.. (in NJ)
MSRP : 46345
MSD : 3150
Monthly Payment : $407/pm
Paid at delivery : $407/pm + $3150 (MSD) [Rolled Taxes/Title/Registration into cap cost]

I was quoted Selling Price @ 40579
$1500 incentive towards cap cost
MF = 0.00137
Residual:66% (10k/36)
Tax=7%
Fees=495+199(after market)
Acquistion Fees : $925

Can someone confirm whether numbers add up and any comment on the deal?

If your selling price is your cap cost, I get $340/mo.

Therefore, we need to know the adjusted cap cost when the taxes and fees are added in.

goel_ar1

I haven't taken the delivery yet as it was late... I will recheck and report.

Michaell said:

goel_ar1 said:

This is what I took it for.. (in NJ)
MSRP : 46345
MSD : 3150
Monthly Payment : $407/pm
Paid at delivery : $407/pm + $3150 (MSD) [Rolled Taxes/Title/Registration into cap cost]

I was quoted Selling Price @ 40579
$1500 incentive towards cap cost
MF = 0.00137
Residual:66% (10k/36)
Tax=7%
Fees=495+199(after market)
Acquistion Fees : $925

Can someone confirm whether numbers add up and any comment on the deal?

If your selling price is your cap cost, I get $340/mo.

Therefore, we need to know the adjusted cap cost when the taxes and fees are added in.

Michaell said:

goel_ar1 said:

This is what I took it for.. (in NJ)
MSRP : 46345
MSD : 3150
Monthly Payment : $407/pm
Paid at delivery : $407/pm + $3150 (MSD) [Rolled Taxes/Title/Registration into cap cost]

I was quoted Selling Price @ 40579
$1500 incentive towards cap cost
MF = 0.00137
Residual:66% (10k/36)
Tax=7%
Fees=495+199(after market)
Acquistion Fees : $925

Can someone confirm whether numbers add up and any comment on the deal?

If your selling price is your cap cost, I get $340/mo.

Therefore, we need to know the adjusted cap cost when the taxes and fees are added in.

goel_ar1

How much MF is reduced by MSD?

Michaell

goel_ar1 said:

How much MF is reduced by MSD?

Each MSD reduces the MF .00007; max 7 MSDs allowed, total reduction of .00049

goel_ar1

Finally -I received my car... and thats what I received
MSRP : 46345
Selling Price : 38,933 + 199 (itching charge).
Installment : 386/month. [Rolled Taxes/Title/Registration into cap cost and $2800 towards MSD]
Residual: 66% [10k/36 months]

I asked few dealers in last 6 hours and next best offer was $398/month.

goel_ar1 said:

I haven't taken the delivery yet as it was late... I will recheck and report.

Michaell said:

goel_ar1 said:

This is what I took it for.. (in NJ)
MSRP : 46345
MSD : 3150
Monthly Payment : $407/pm
Paid at delivery : $407/pm + $3150 (MSD) [Rolled Taxes/Title/Registration into cap cost]

I was quoted Selling Price @ 40579
$1500 incentive towards cap cost
MF = 0.00137
Residual:66% (10k/36)
Tax=7%
Fees=495+199(after market)
Acquistion Fees : $925

Can someone confirm whether numbers add up and any comment on the deal?

If your selling price is your cap cost, I get $340/mo.

Therefore, we need to know the adjusted cap cost when the taxes and fees are added in.

Michaell said:

goel_ar1 said:

This is what I took it for.. (in NJ)
MSRP : 46345
MSD : 3150
Monthly Payment : $407/pm
Paid at delivery : $407/pm + $3150 (MSD) [Rolled Taxes/Title/Registration into cap cost]

I was quoted Selling Price @ 40579
$1500 incentive towards cap cost
MF = 0.00137
Residual:66% (10k/36)
Tax=7%
Fees=495+199(after market)
Acquistion Fees : $925

Can someone confirm whether numbers add up and any comment on the deal?

If your selling price is your cap cost, I get $340/mo.

Therefore, we need to know the adjusted cap cost when the taxes and fees are added in.

kyfdx

@goel_ar1 Congrats on the new BMW!

Ned Goldsmith

Hi. Looking to lease a 328ix WAGON. In Los Angeles area. MSRP 57070. Dealer offered to me at 51615 (10%). Work for small company so no corp fleet discount, and currently not part of BMWCCA but could join. Questions:
1. How much should I target for discount off MSRP?
2. What is the money factor and residual rate for 36month, 12K miles/yr please?
3. What holdbacks or cash is the dealer getting from BMW I should be aware of?

Thank you for your help!

kyfdx

Ned Goldsmith said:

Hi. Looking to lease a 328ix WAGON. In Los Angeles area. MSRP 57070. Dealer offered to me at 51615 (10%). Work for small company so no corp fleet discount, and currently not part of BMWCCA but could join. Questions:
1. How much should I target for discount off MSRP?
2. What is the money factor and residual rate for 36month, 12K miles/yr please?
3. What holdbacks or cash is the dealer getting from BMW I should be aware of?

Thank you for your help!

1) 10% off looks good
2) .00137 MF and 65% residual
3) None that we know of.

Joining BMWCCA won't help. You have to be a member for one year, to be eligible for their rebates.

jennyjen

Hello

MF and RV for a 2016 BMW 320i xDrive in NJ:

36/12
36/15
24/12
24/15

Is any lease cash available?

Thank You
Jenn

Ned Goldsmith

Thanks! Shopped around a bit. 10% discount looks like common going rate on all 2016 wagons. Found slightly better from one dealer. Was advised the car had been "punched" as a demo - but it has only 12 miles. Same residual rates and MF. Question: Is there any reason I should steer clear of this on a lease?

kyfdx

jennyjen said:

Hello

MF and RV for a 2016 BMW 320i xDrive in NJ:

36/12
36/15
24/12
24/15

Is any lease cash available?

Thank You
Jenn

.00137 MF and 65%/63%/71%/69% residual
No lease cash.

kyfdx

Ned Goldsmith said:

Thanks! Shopped around a bit. 10% discount looks like common going rate on all 2016 wagons. Found slightly better from one dealer. Was advised the car had been "punched" as a demo - but it has only 12 miles. Same residual rates and MF. Question: Is there any reason I should steer clear of this on a lease?

Just make sure the warranty doesn't expire before your lease does.

cmapes16

Hello, I'm heading down to the dealer tomorrow to try to close this deal, but I"m coming up with different monthly payment numbers than the dealer.

Am I calculating wrong or is there something funny here:

2016 BMW 328i (w/ a few options)

MSRP: $42,910
L.E.V. Rt/Amt: 66% ($28,320.60)
Annual Miles: 10,000
Initial Cap Cost: $37,150.00
Customer Down Payment: $1,000.00
Total Cap Reduction: $117.55
Adjusted Cap Cost: $37,957.45
Money Factor: 0.00137
Term: 36 months
Accessories / Service Contract / Rebate / Doc Fee: $0
Total Upft / Acq Fee: $116.00
Total Add Cap Cost: $925.00
License Fee: $342.00
Total Cash Surplus (Driveoff): $1,000
CapTax1 Rt/Amt: 9.00%: $10.58

Base Monthly Rate: $379.70
Tax: 9.00% (+$34.17)
Total Monthly Payment: $413.87

Color is white. Located in Los Angeles, CA.

If someone could weigh in I'd really appreciate it, thanks!

cmapes16

After playing with the numbers a bit on my spreadsheet I realized that the cash surplus is an expense and the numbers are now close to the dealer numbers.

Is a $1,000 driveoff expense and a "total add cap cost" fee of $925 typical or is the dealer playing the "hide the fees" game?

Michaell

cmapes16 said:

After playing with the numbers a bit on my spreadsheet I realized that the cash surplus is an expense and the numbers are now close to the dealer numbers.

Is a $1,000 driveoff expense and a "total add cap cost" fee of $925 typical or is the dealer playing the "hide the fees" game?

$925 is the acquisition fee - part of every BMW lease.

$1000 is about right for the other up front costs.

cmapes16

Michaell said:

cmapes16 said:

After playing with the numbers a bit on my spreadsheet I realized that the cash surplus is an expense and the numbers are now close to the dealer numbers.

Is a $1,000 driveoff expense and a "total add cap cost" fee of $925 typical or is the dealer playing the "hide the fees" game?

$925 is the acquisition fee - part of every BMW lease.

$1000 is about right for the other up front costs.

Thanks Michaell, I'll report back on what I end up working out.

SJC09

What exactly is a "cash surplus (drive off)"? I've leased several vehicles, but not a BMW, and I've never encountered that term.

kyfdx

SJC09 said:

What exactly is a "cash surplus (drive off)"? I've leased several vehicles, but not a BMW, and I've never encountered that term.

In the case above, it's the amount due at signing.

geo1317

What are number for Sept for a 320i for 36/12. Thank you,

kyfdx

geo1317 said:

What are number for Sept for a 320i for 36/12. Thank you,

.00136 MF and 61% residual

okaysionally

Can you provide the numbers for a 328i, 24/10?

Michaell

okaysionally said:

Can you provide the numbers for a 328i, 24/10?

We don't have the 24 month residuals yet - .00136 MF, this month.

z4maudioman

kyfdx said:

geo1317 said:

What are number for Sept for a 320i for 36/12. Thank you,

.00136 MF and 61% residual

That appears to be incorrect per BMW's website, unless they have regional offers this month. The residual for 36/12K would be 65% with a base MF of 0.00127 in California.

Michaell

z4maudioman said:

kyfdx said:

geo1317 said:

What are number for Sept for a 320i for 36/12. Thank you,

.00136 MF and 61% residual

That appears to be incorrect per BMW's website, unless they have regional offers this month. The residual for 36/12K would be 65% with a base MF of 0.00127 in California.

We're showing .00136 and 65% for 36/12

61% is for the 2017 model.

viper689

Hi there! Wondering kind of monthly I can expect on a 2016 328i in Southern California, MSRP $50,495 negotiated down to $45,125. Looking at either 3yr/30k miles, or 3yr/36k with either $0 down or $2000 down.

Thanks!

Michaell

viper689 said:

Hi there! Wondering kind of monthly I can expect on a 2016 328i in Southern California, MSRP $50,495 negotiated down to $45,125. Looking at either 3yr/30k miles, or 3yr/36k with either $0 down or $2000 down.

Thanks!

.00136 and 66% or 65%

Would need to know the adjusted cap cost in order to model the payment.

What's the tax rate?

flyer89

Ok so I'm at the final negotiating phrase with the dealership, could someone explain to me "Customer cash" and "min drive off" please. So do I just pay the drive off quote which usually include the first month fee, acq fee+ tax? or does that include "customer cash" + "min drive off" ? Does customer cash mean money down? Cause I didn't want to put money down at all. Please let me know. Thank you.

kapkanimd

So is 65% and .00136 the new numbers for 36mo/12k starting today or are they still the old ones from August? I know the numbers were staying the same through the holiday weekend. Thanks!

kyfdx

flyer89 said:

Ok so I'm at the final negotiating phrase with the dealership, could someone explain to me "Customer cash" and "min drive off" please. So do I just pay the drive off quote which usually include the first month fee, acq fee+ tax? or does that include "customer cash" + "min drive off" ? Does customer cash mean money down? Cause I didn't want to put money down at all. Please let me know. Thank you.

Minimum drive-off is the amount due at signing. Customer Cash is usually the actual amount that the customer is paying at signing. Any shortage gets added to the CAP cost.

kyfdx

kapkanimd said:

So is 65% and .00136 the new numbers for 36mo/12k starting today or are they still the old ones from August? I know the numbers were staying the same through the holiday weekend. Thanks!

Those are the new numbers.
$1500 option allowance.

bogoonthegogo

Hello

I was interested in leasing a 2016 340i xdrive in MA and was wondering what the MF and residuals were for
36/12 36/15 24/12 24/15

Your help is appreciated

Cheers

Michaell

bogoonthegogo said:

Hello

I was interested in leasing a 2016 340i xdrive in MA and was wondering what the MF and residuals were for
36/12 36/15 24/12 24/15

Your help is appreciated

Cheers

15k
.00136 and 69% or 63%. $1500 lease cash.

Add 2% for 12k

rahuligans

Hello,

I'm considering leasing a 2016 328xi. What is the September MF and residual for 36/10 and 36/12? I am in MA.

Thanks!

jm9ismm1

Looking to lease a 328d Wagon (previous loaner car)

MSRP $55,000
Sale Price $47,000

The dealer wants $398 a month + tax with $3,888 drive off. 10k miles a year

residual is 66%

money factor is .00157

Can I jump on this deal? I tried to negotiate but they only budged down $500 from a sale price to $47,000

Michaell

rahuligans said:

Hello,

I'm considering leasing a 2016 328xi. What is the September MF and residual for 36/10 and 36/12? I am in MA.

Thanks!

.00136 and 66% or 65%

Michaell

jm9ismm1 said:

Looking to lease a 328d Wagon (previous loaner car)

MSRP $55,000
Sale Price $47,000

The dealer wants $398 a month + tax with $3,888 drive off. 10k miles a year

residual is 66%

money factor is .00157

Can I jump on this deal? I tried to negotiate but they only budged down $500 from a sale price to $47,000

Does not look like a good deal:

1. Money factor is marked up; base is .00136 this month
2. I think you should get more of a discount; how many miles are on it?
3. What does the drive off include? Get a full break down
4. What state and tax rate is this?
5. The calculated residual is deducted .25 for each mile on the car.

jm9ismm1

Michaell said:

jm9ismm1 said:

Looking to lease a 328d Wagon (previous loaner car)

MSRP $55,000
Sale Price $47,000

The dealer wants $398 a month + tax with $3,888 drive off. 10k miles a year

residual is 66%

money factor is .00157

Can I jump on this deal? I tried to negotiate but they only budged down $500 from a sale price to $47,000

Does not look like a good deal:

1. Money factor is marked up; base is .00136 this month
2. I think you should get more of a discount; how many miles are on it?
3. What does the drive off include? Get a full break down
4. What state and tax rate is this?
5. The calculated residual is deducted .25 for each mile on the car.

The car has 4,000 miles on it.
I'm trying to get a full break down of a drive off. Also I'm in Los Angeles, California.


By the way. I did a bit of research and knew that the MF for this car is .00136. I told the salesperson that and he said "you are right, but .00157 is the money factor for the previous loaner car"... I have no idea that he is lied to me about it or not.


Thank you

Michaell

jm9ismm1 said:

Michaell said:

jm9ismm1 said:

Looking to lease a 328d Wagon (previous loaner car)

MSRP $55,000
Sale Price $47,000

The dealer wants $398 a month + tax with $3,888 drive off. 10k miles a year

residual is 66%

money factor is .00157

Can I jump on this deal? I tried to negotiate but they only budged down $500 from a sale price to $47,000

Does not look like a good deal:

1. Money factor is marked up; base is .00136 this month
2. I think you should get more of a discount; how many miles are on it?
3. What does the drive off include? Get a full break down
4. What state and tax rate is this?
5. The calculated residual is deducted .25 for each mile on the car.

The car has 4,000 miles on it.
I'm trying to get a full break down of a drive off. Also I'm in Los Angeles, California.

By the way. I did a bit of research and knew that the MF for this car is .00136. I told the salesperson that and he said "you are right, but .00157 is the money factor for the previous loaner car"... I have no idea that he is lied to me about it or not.

Thank you

If the car hasn't been titled, it is eligible for new car lease rates. Therefore, .00136 can be used.

koachkoon

What are the MF and Resid on a 2016 328xi for 15K/36? Any incentives?

Michaell

koachkoon said:

What are the MF and Resid on a 2016 328xi for 15K/36? Any incentives?

.00136 and 63%. $1500 option allowance.

bogoonthegogo

Hello
Just went to the dealer, does this deal look ok?
2016 340i x drive in MA
36m/12k
MSRP: $59750
Sell Price: $54500
Net cap cost: $37643
Base MF: 0.00136
Cap Reduction?? $3000
Monthly Payment: $539 (includes tax)

Total of $4000 down

I should have taken a picture of the numbers but those are what i remember

You think it should be cheaper?

Cheers

koachkoon

Is the $1500 option allowance in addition to the $1000 loyalty credit?

Michaell

bogoonthegogo said:

Hello
Just went to the dealer, does this deal look ok?
2016 340i x drive in MA
36m/12k
MSRP: $59750
Sell Price: $54500
Net cap cost: $37643
Base MF: 0.00136
Cap Reduction?? $3000
Monthly Payment: $539 (includes tax)

Total of $4000 down

I should have taken a picture of the numbers but those are what i remember

You think it should be cheaper?

Cheers

I'm not sure I understand what your "net cap cost" represents - the residual amount is $38,838.

With your MSRP and sell price, I get $597/mo with 6.25% tax added in.

I'd get a full accounting of the $4000 due at signing. Not certain that the cap reduction is correct.

kyfdx

koachkoon said:

Is the $1500 option allowance in addition to the $1000 loyalty credit?

Yes

koachkoon

People mention a target % off of MSRP to target for the selling price, does that take into account the option allowance and loyalty credit? For example, a previous post stated that 7% was a benchmark, is that prior to adding allowance and credit, thereby rendering an even lower selling price, or does that take into account the allowance and credit.

I am getting an offer for a selling price of $5821.61 off of MSRP on a 2016 328, but this takes into account my option allowance of $1500 and the $1500 corp discount. the loyalty credit is applied as a rebate.

Does BMW reimburse the dealer for the option allowance, corp discount and loyalty credit? If so it seems as though they are not shaving much off of the MSRP. Should I aim for 7%, then apply the credit and discount?

kyfdx

koachkoon said:

People mention a target % off of MSRP to target for the selling price, does that take into account the option allowance and loyalty credit? For example, a previous post stated that 7% was a benchmark, is that prior to adding allowance and credit, thereby rendering an even lower selling price, or does that take into account the allowance and credit.

I am getting an offer for a selling price of $5821.61 off of MSRP on a 2016 328, but this takes into account my option allowance of $1500 and the $1500 corp discount. the loyalty credit is applied as a rebate.

Does BMW reimburse the dealer for the option allowance, corp discount and loyalty credit? If so it seems as though they are not shaving much off of the MSRP. Should I aim for 7%, then apply the credit and discount?

7% + other incentives..

Not sure about the corporate discount, but loyalty and option allowances come directly from BMW.

koachkoon

Was offered this deal on a 2016 328xi after a lot of negotiating:

MSRP: $52,870
Selling Price: $44,422.17
NY Tax: 8.75
36 month, 15K miles

SP reflects $1500 option credit, $1K loyalty and $1500 corp fleet
MF: .00116 (.00136-.00020 of corp fleet discount)
7 MSDs: $3150 (effective MF .00067)

Monthly with tax and fees rolled in: $415.50.
Due at signing: MSD and first month.

Seems like an aggressive deal. Thoughts?

z4maudioman

Hi All,

Just leased a brand new 2016 328i and got what I felt is an amazing deal in Northern California, so wanted to share with you all in case any of you are in the market for something similar. Keep in mind I qualified for both loyalty and fleet discounts, which helped get the cap cost down. Here is the lease breakdown:

MSRP: $45,895
Selling Price: $37,441 (includes fleet and loyalty)
Acq Fee: $925
Cap Cost: $38,366
MF: 0.00116 (includes 0.00020 fleet reduction)
Term: 36
Miles/yr: 10,000
Residual %: 66%
Residual Value: $30,290.70
Base Payment: $303.96
Monthly Tax: $25.84 (tax of 8.5%)
Total Payment: $329.79

This was a true "sign and drive" in that I did not pay any money out of pocket at lease signing. First payment and registration were rolled into the cap cost. Overall, I felt this was a great deal for a $46K car (especially with nothing due out of pocket at signing) and we are very happy with the purchase.

I should add that we decided against putting down MSDs due to the fact that we will likely transfer out of the lease before the end of the term. Therefore, finding someone to front the MSD cost during a transfer would be difficult.