2016 BMW 3-series Lease Questions

1121315171825

Comments

  • koachkoonkoachkoon Member Posts: 38
    What were your fees?
  • z4maudiomanz4maudioman Member Posts: 143
    My deal was a sign and drive. No fees/payment due at signing. I literally signed the paperwork and left the dealership with the car. No upfront costs.

    My first payment is due in October. :)
  • MichaellMichaell Moderator Posts: 263,385
    koachkoon said:

    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?

    I get $389/mo before taxes and fees .. what is the adjusted cap cost, with everything rolled in?

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • MichaellMichaell Moderator Posts: 263,385

    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.

    Congrats! Thanks for sharing your deal details with us.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • koachkoonkoachkoon Member Posts: 38
    Michaell, cap cost with fees and tax is $46,345.27.
  • MichaellMichaell Moderator Posts: 263,385
    Michaell said:

    koachkoon said:

    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?

    I get $389/mo before taxes and fees .. what is the adjusted cap cost, with everything rolled in?
    koachkoon said:

    Michaell, cap cost with fees and tax is $46,345.27.

    I get the same payment you do, to the penny.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • koachkoonkoachkoon Member Posts: 38
    I think its a good deal. Thoughts?
  • MichaellMichaell Moderator Posts: 263,385
    koachkoon said:

    I think its a good deal. Thoughts?

    If you're comfortable with the selling price, then yes.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • jeevy2000jeevy2000 Member Posts: 4
    Hi there just reached out to dealer on a 2016 328i xdrive. Msrp is $47,735 and "internet price" which he says is $500 below cost is $42,235. I received fhe following back:

    $599/ month
    $0 down plus 1st month's payment(includes all taxes, tag/title/registration fees, $925 lease acquistion fee and $299 dealer processing fee; includes BMW Special $1,500 option allowance)
    .00176 - Money factor(marked up 1% for profit from buy rate of .00136)
    65% - Residual 

    any advice on how to respond? Why is the money factor marked up 1%? Also any room to negotiate on the price ? 
    Thanks in advance.


  • aronchimaronchim Member Posts: 28
    jeevy2000 said:

    Hi there just reached out to dealer on a 2016 328i xdrive. Msrp is $47,735 and "internet price" which he says is $500 below cost is $42,235. I received fhe following back:

    $599/ month
    $0 down plus 1st month's payment(includes all taxes, tag/title/registration fees, $925 lease acquistion fee and $299 dealer processing fee; includes BMW Special $1,500 option allowance)
    .00176 - Money factor(marked up 1% for profit from buy rate of .00136)
    65% - Residual 

    any advice on how to respond? Why is the money factor marked up 1%? Also any room to negotiate on the price ? 
    Thanks in advance.


    you're being robbed. i usually don't comment on what other people are getting, but seeing these numbers made me a little upset that someone was being taken advantage of by a dealer in this way. you should be pushing for AT LEAST 15% off MSRP on a left-over 2016 328i. I'm sure this dealer has dozens of them on the lot. do not settle for any markup on the money factor and you should structure payment as first month (capitalizing all taxes and fees) + maximize multiple security deposits (you should be able to do 7). your total payment should be in the high $300s on this. assume you're doing a 12k lease b/c you're showing a 65% residual?
  • MichaellMichaell Moderator Posts: 263,385
    jeevy2000 said:

    Hi there just reached out to dealer on a 2016 328i xdrive. Msrp is $47,735 and "internet price" which he says is $500 below cost is $42,235. I received fhe following back:

    $599/ month
    $0 down plus 1st month's payment(includes all taxes, tag/title/registration fees, $925 lease acquistion fee and $299 dealer processing fee; includes BMW Special $1,500 option allowance)
    .00176 - Money factor(marked up 1% for profit from buy rate of .00136)
    65% - Residual 

    any advice on how to respond? Why is the money factor marked up 1%? Also any room to negotiate on the price ? 
    Thanks in advance.


    .00136 and 65% for 36/12. $1500 option allowance.

    We don't track selling prices but that doesn't seem like enough of a discount - read back through the last page or two of this discussion to see what others are getting.

    And, be polite but firm when you tell them you won't sign a deal with an inflated MF. They know what the base rate is.

    Lastly, reach out to multiple dealers; the competition will get you the best terms.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • jeevy2000jeevy2000 Member Posts: 4
    Mike, the advice is much appreciated. I have browsed the board for what others have received and figured the inflated MF was not acceptable. Thanks again and I will post an update as it goes on.
  • jeevy2000jeevy2000 Member Posts: 4
    edited September 2016
    Following is my correspondence after the advice I received above.  Just to note I will not be purchasing my car at this dealership. I don't wish to deal with a salesperson who seemingly began sulking and stopped negotiating because I won't come into the dealership until I get a reasonable offer. The price he is referring to is posted on their website and is apparently $500 under cost. He originally quoted me a lease rate of $599 with an inflated MF and seems to think reducing that was a favor.

    I may be in the wrong however but after seeing some of the numbers on this site, I don't believe I am too far off. Another dealer quoted me a lease of $737 per month on a 328i xdrive with premium package, drivers assistance and moonroof at an inflated MF. I asked to quote me based on the base and she told me she has to run my credit for that. Again, not true. 

    Me:

    Thanks for the quick response. I don't wish to make a deal based on an inflated money factor. If you're able to give me the base rate and work on the sale price it would be fantastic. Thanks again for the quick response.
     

    Salesperson:

    We can consider giving up our last profit outlet on the rate Rajiv. However, I will need you to show good faith. I have been transparent throughout and will continue to do so as always. You can see my reviews online and on Bimmerfest. We already have our lowest sales price upfront.

    Me:

    I'd prefer to get to a point at least closet to where I am comfortable prior to coming in. Let me know what you can do per my prior email.
    Thank you!
     
    Salesperson:

    We can do the buy rate of .00136. That saves you $30/month.

    Me:

    Great so you have no room to budge on the price correct? 

    Salesperson:

    That is correct. We are already under cost. 


  • MichaellMichaell Moderator Posts: 263,385
    jeevy2000 said:

    Following is my correspondence after the advice I received above.  Just to note I will not be purchasing my car at this dealership. I don't wish to deal with a salesperson who seemingly began sulking and stopped negotiating because I won't come into the dealership until I get a reasonable offer. The price he is referring to is posted on their website and is apparently $500 under cost. He originally quoted me a lease rate of $599 with an inflated MF and seems to think reducing that was a favor.

    I may be in the wrong however but after seeing some of the numbers on this site, I don't believe I am too far off. Another dealer quoted me a lease of $737 per month on a 328i xdrive with premium package, drivers assistance and moonroof at an inflated MF. I asked to quote me based on the base and she told me she has to run my credit for that. Again, not true. 

    Me:

    Thanks for the quick response. I don't wish to make a deal based on an inflated money factor. If you're able to give me the base rate and work on the sale price it would be fantastic. Thanks again for the quick response.
     

    Salesperson:

    We can consider giving up our last profit outlet on the rate Rajiv. However, I will need you to show good faith. I have been transparent throughout and will continue to do so as always. You can see my reviews online and on Bimmerfest. We already have our lowest sales price upfront.

    Me:

    I'd prefer to get to a point at least closet to where I am comfortable prior to coming in. Let me know what you can do per my prior email.
    Thank you!
     
    Salesperson:

    We can do the buy rate of .00136. That saves you $30/month.

    Me:

    Great so you have no room to budge on the price correct? 

    Salesperson:

    That is correct. We are already under cost. 


    I'm not sure where the problem is - you're getting the base MF. For BMW, 5-7% off sticker, before incentives, is a good target price.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • z4maudiomanz4maudioman Member Posts: 143
    Here is what that deal would look like...don't know your tax rate, so I used mine, Keep in mind your total due at signing including the acq fee would be somewhere between $1800-$2000 (not sure where you are located so cost would vary on this)

    MSRP: $47,735
    Selling Price: $42,235
    Cap Cost: $42,235
    MF: 0.00136
    Term: 36
    Miles/yr: 12,000
    Residual %: 65%
    Residual Value: $31,027.75
    Base Payment: $410.95
    Tax Rate: 8.50%
    Monthly Tax: $34.93
    Total Payment: $445.88

    It's a good deal and I'm willing to bet you could get an even better one if you showed up in person. You should probably buy the car from him.
  • jeevy2000jeevy2000 Member Posts: 4
    edited September 2016
    He quoted me $599 and said the drop in MF would reduce it by $30. If the price ends up at what you are saying I may be in the dealership this weekend.. It's likely that the difference is I am in Maryland and I believe the tax rate of 6.0% comes on the total cost of the vehicle rather than monthly payment. That brings it to $480 and additional fees rolled into the payment may bring it closer to what I was quoted.

    I was dissatisfied with his response of "not dealing in good faith". This may be a good deal though.
  • MichaellMichaell Moderator Posts: 263,385
    jeevy2000 said:

    He quoted me $599 and said the drop in MF would reduce it by $30. If the price ends up at what you are saying I may be in the dealership this weekend.. It's likely that the difference is I am in Maryland and I believe the tax rate of 6.0% comes on the total cost of the vehicle rather than monthly payment. That brings it to $480 and additional fees rolled into the payment may bring it closer to what I was quoted.

    I was dissatisfied with his response of "not dealing in good faith". This may be a good deal though.

    Yes, MD taxes the entire selling price, even with a lease. Can pay up front or roll into the cap cost.

    6% of $42,235 is $2534, or about $70/mo. Every $1000 of misc fees will add about $28/mo to the payment.

    Still a long way from $446/mo to $599/mo

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • aronchimaronchim Member Posts: 28
    Michaell said:

    jeevy2000 said:

    He quoted me $599 and said the drop in MF would reduce it by $30. If the price ends up at what you are saying I may be in the dealership this weekend.. It's likely that the difference is I am in Maryland and I believe the tax rate of 6.0% comes on the total cost of the vehicle rather than monthly payment. That brings it to $480 and additional fees rolled into the payment may bring it closer to what I was quoted.

    I was dissatisfied with his response of "not dealing in good faith". This may be a good deal though.

    Yes, MD taxes the entire selling price, even with a lease. Can pay up front or roll into the cap cost.

    6% of $42,235 is $2534, or about $70/mo. Every $1000 of misc fees will add about $28/mo to the payment.

    Still a long way from $446/mo to $599/mo
    your target price on this lease should still be in the upper $300 range. dealers are pushing 2016s aggressively. with incentives, your sale price should be around 14% off MSRP. if you're in a state with lots of dealerships, you can easily play them against each other and lower the cost. this isn't that difficult to do, but requires negotiating and time. my current 328i is $45.5k sticker and leases at $360 a month, all-in. given deals that i have seen recently, even that isn't that great of a price...get it done!
  • kyfdxkyfdx Moderator Posts: 267,190
    jeevy2000 said:

    He quoted me $599 and said the drop in MF would reduce it by $30. If the price ends up at what you are saying I may be in the dealership this weekend.. It's likely that the difference is I am in Maryland and I believe the tax rate of 6.0% comes on the total cost of the vehicle rather than monthly payment. That brings it to $480 and additional fees rolled into the payment may bring it closer to what I was quoted.

    I was dissatisfied with his response of "not dealing in good faith". This may be a good deal though.

    Try not to parse every response, and take it personally. He is in auto sales, after all.

    If you get the feeling they will stick with the deal you agreed to in email, make an appointment, and try to finish up. You are correct about MD taxes. 6% on the full price.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • dcf1955dcf1955 Member Posts: 41
    Hello, do you have MF, residual, and any other incentive info for 328xi in MA? 12k and 15k miles for 24 and 36 months. Thanks!
  • bschro23bschro23 Member Posts: 8
    Wondering if this lease deal sounds good. I don't have all the specifics
    Car msrp is $50,520. I was told MF .00136 and residual 66%. 36 months 10k per year.
    No money down at all. $499 per month. I thought I saw on the screen a selling price of $43,520. Fully loaded 328xi with all the options in Illinois
  • MichaellMichaell Moderator Posts: 263,385
    dcf1955 said:

    Hello, do you have MF, residual, and any other incentive info for 328xi in MA? 12k and 15k miles for 24 and 36 months. Thanks!

    .00136 and 65% or 63% for 36 months. 24 month residuals aren't as good.

    $1500 option allowance.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • MichaellMichaell Moderator Posts: 263,385
    bschro23 said:

    Wondering if this lease deal sounds good. I don't have all the specifics
    Car msrp is $50,520. I was told MF .00136 and residual 66%. 36 months 10k per year.
    No money down at all. $499 per month. I thought I saw on the screen a selling price of $43,520. Fully loaded 328xi with all the options in Illinois

    What is the net cap cost, and how much is due at signing?

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • bschro23bschro23 Member Posts: 8
    Michaell said:

    bschro23 said:

    Wondering if this lease deal sounds good. I don't have all the specifics
    Car msrp is $50,520. I was told MF .00136 and residual 66%. 36 months 10k per year.
    No money down at all. $499 per month. I thought I saw on the screen a selling price of $43,520. Fully loaded 328xi with all the options in Illinois

    What is the net cap cost, and how much is due at signing?

    Net cap cost seems to remain the question?.... I thought maybe it was the $43,520 but maybe it's slightly higher cause I'm rolling in taxes from Illinois. All that is due at signing is first month and registration
  • kyfdxkyfdx Moderator Posts: 267,190
    bschro23 said:

    Michaell said:

    bschro23 said:

    Wondering if this lease deal sounds good. I don't have all the specifics
    Car msrp is $50,520. I was told MF .00136 and residual 66%. 36 months 10k per year.
    No money down at all. $499 per month. I thought I saw on the screen a selling price of $43,520. Fully loaded 328xi with all the options in Illinois

    What is the net cap cost, and how much is due at signing?

    Net cap cost seems to remain the question?.... I thought maybe it was the $43,520 but maybe it's slightly higher cause I'm rolling in taxes from Illinois. All that is due at signing is first month and registration
    If your payments are $499/mo, and that's all that is due at lease signing.. then, that's a good deal.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • vs77vs77 Member Posts: 24
    bschro23 said:

    Wondering if this lease deal sounds good. I don't have all the specifics
    Car msrp is $50,520. I was told MF .00136 and residual 66%. 36 months 10k per year.
    No money down at all. $499 per month. I thought I saw on the screen a selling price of $43,520. Fully loaded 328xi with all the options in Illinois

    hi - am in IL too and am looking for 328i-xdrive. Which dealer are you working with? can you PM me? thanks.
  • zzangujasonzzangujason Member Posts: 5
    edited September 2016
    Could you check if the deal that I received for a BMW 328i xdrive sedan was a good deal?
    I am currently located in New Jersey. Comes with Premium Package, Heated Seats, Navigation System.Driver assistance Package.

    MSRP $47,795.00
    Residual .66
    M.F. .00077
    Doc Fee $395.00
    Taxes $974.40
    Govt Fees $319.45
    Cap Cost $41,846.21

    Total intial Payment $5,413.85
    Sec Deposit $2,450.00

    36months / 10k miles year

    Monthly Payment $350

    Thank you in advance!!
  • MichaellMichaell Moderator Posts: 263,385

    Could you check if the deal that I received for a BMW 328i xdrive sedan was a good deal?
    I am currently located in New Jersey. Comes with Premium Package, Heated Seats, Navigation System.Driver assistance Package.

    MSRP $47,795.00
    Residual .66
    M.F. .00077
    Doc Fee $395.00
    Taxes $974.40
    Govt Fees $319.45
    Cap Cost $41,846.21

    Total intial Payment $5,413.85
    Sec Deposit $2,450.00

    36months / 10k miles year

    Monthly Payment $350

    Thank you in advance!!

    Beyond the MSD monies, what does the cash up front cover?

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • zzangujasonzzangujason Member Posts: 5
    edited September 2016
    Michaell said:

    Could you check if the deal that I received for a BMW 328i xdrive sedan was a good deal?
    I am currently located in New Jersey. Comes with Premium Package, Heated Seats, Navigation System.Driver assistance Package.

    MSRP $47,795.00
    Residual .66
    M.F. .00077
    Doc Fee $395.00
    Taxes $974.40
    Govt Fees $319.45
    Cap Cost $41,846.21

    Total intial Payment $5,413.85
    Sec Deposit $2,450.00

    36months / 10k miles year

    Monthly Payment $350

    Thank you in advance!!

    Beyond the MSD monies, what does the cash up front cover?
    cash up front covers Doc Fee, Taxes, Govt Fees, Acquisition Fees and 1st month payment of $350.
  • MichaellMichaell Moderator Posts: 263,385

    Michaell said:

    Could you check if the deal that I received for a BMW 328i xdrive sedan was a good deal?
    I am currently located in New Jersey. Comes with Premium Package, Heated Seats, Navigation System.Driver assistance Package.

    MSRP $47,795.00
    Residual .66
    M.F. .00077
    Doc Fee $395.00
    Taxes $974.40
    Govt Fees $319.45
    Cap Cost $41,846.21

    Total intial Payment $5,413.85
    Sec Deposit $2,450.00

    36months / 10k miles year

    Monthly Payment $350

    Thank you in advance!!

    Beyond the MSD monies, what does the cash up front cover?
    cash up front covers Doc Fee, Taxes, Govt Fees, Acquisition Fees and 1st month payment of $350.
    No cap reduction - good. Looks like a very solid deal.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • tito0628tito0628 Member Posts: 38
    Hello, Can I have numbers for 24/12k and 24/15k on a 340i? Also, I currently work for a company that owns a BMW store that says we will receive a discount of .20 basis points on lease rates; could you tell me what this translates to in terms of money factor? Thanks.
  • kyfdxkyfdx Moderator Posts: 267,190
    tito0628 said:

    Hello, Can I have numbers for 24/12k and 24/15k on a 340i? Also, I currently work for a company that owns a BMW store that says we will receive a discount of .20 basis points on lease rates; could you tell me what this translates to in terms of money factor? Thanks.

    .00136 MF and 67%/65% residual. $1000 option allowance.
    36 month residuals are just 6% less.

    The discount likely makes the money factor .00116.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • abro123abro123 Member Posts: 1
    Received the following offer on a 2016 328i with navigation and parking sensors.

    MSRP $43,195
    Selling Price $38,998
    Adjusted Cap $38,423
    Residual 67%
    Money Factor 0.00088
    7500 miles/year 36 months
    $322.68 plus tax, with nothing out of pocket other than MSDs totalling $3,150.

    How does it look? Thank you.
  • kyfdxkyfdx Moderator Posts: 267,190
    abro123 said:

    Received the following offer on a 2016 328i with navigation and parking sensors.

    MSRP $43,195
    Selling Price $38,998
    Adjusted Cap $38,423
    Residual 67%
    Money Factor 0.00088
    7500 miles/year 36 months
    $322.68 plus tax, with nothing out of pocket other than MSDs totalling $3,150.

    How does it look? Thank you.

    Super cheap. Can you get by with 7500 miles? Going to 10K/yr only adds $12/mo.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • lcharlton3lcharlton3 Member Posts: 21
    Thanks in advance for your thoughts, this si where we are negotiating att his point.

    2016 328xi

    $54,250 - MSRP
    $5,958 - Discount
    $1,500 - Option Package Discount
    $1,000 - USAA
    $1,000 - Loyalty

    $44,792 - Cap Cost
    .00136 - MF
    12k Miles
    36 Months

    Also my numbers on the lease calculator are all over the place, what would the payment be in VA rolling in everything but first payment?

    Thanks again,

    lcharlton3
  • kyfdxkyfdx Moderator Posts: 267,190

    Thanks in advance for your thoughts, this si where we are negotiating att his point.

    2016 328xi

    $54,250 - MSRP
    $5,958 - Discount
    $1,500 - Option Package Discount
    $1,000 - USAA
    $1,000 - Loyalty

    $44,792 - Cap Cost
    .00136 - MF
    12k Miles
    36 Months

    Also my numbers on the lease calculator are all over the place, what would the payment be in VA rolling in everything but first payment?

    Thanks again,

    lcharlton3

    .00136 MF and 65% residual
    Rolling in the $925 acquisition fee (You'll have to find out your other costs, taxes, etc)
    $401/mo.
    Every $1000 in other costs adds $29/mo. to the payment.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • lcharlton3lcharlton3 Member Posts: 21
    Here is my newest/last deal I hope. Can you tell me what you think about it. eg. good deal, bad deal etc?

    $55,850 - MSRP
    $7,658 - Discount
    $1,500 - Option Package Discount
    $1,000 - USAA
    $1,000 - Loyalty

    $44,692 - Cap Cost
    .00136 - MF
    12k Miles
    36 Months

    VA Tax of 4.5%

    rolling it all in.....fingers crossed this isn't to good to be true..


    Thanks in advance kyfdx
  • jlaw22jlaw22 Member Posts: 3
    Here is what I'm looking at:

    $50,045 MSRP
    $40,000 Selling Price
    24 months - 70.102%
    .00136 MF
    $1,000 loyalty

    $0 out of pocket
    $367.62 with tax (in cali)

    This is on a 2016 BMW 328i demo with 4k miles on it. Thoughts?
  • vs77vs77 Member Posts: 24

    Here is my newest/last deal I hope. Can you tell me what you think about it. eg. good deal, bad deal etc?

    $55,850 - MSRP
    $7,658 - Discount
    $1,500 - Option Package Discount
    $1,000 - USAA
    $1,000 - Loyalty

    $44,692 - Cap Cost
    .00136 - MF
    12k Miles
    36 Months

    VA Tax of 4.5%

    rolling it all in.....fingers crossed this isn't to good to be true..


    Thanks in advance kyfdx

    what is this option package discount? how are you getting it? is it due to USAA?
  • kyfdxkyfdx Moderator Posts: 267,190

    Here is my newest/last deal I hope. Can you tell me what you think about it. eg. good deal, bad deal etc?

    $55,850 - MSRP
    $7,658 - Discount
    $1,500 - Option Package Discount
    $1,000 - USAA
    $1,000 - Loyalty

    $44,692 - Cap Cost
    .00136 - MF
    12k Miles
    36 Months

    VA Tax of 4.5%

    rolling it all in.....fingers crossed this isn't to good to be true..


    Thanks in advance kyfdx

    $370/mo.+tax, with acq.fee rolled in

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Moderator Posts: 267,190
    vs77 said:

    Here is my newest/last deal I hope. Can you tell me what you think about it. eg. good deal, bad deal etc?

    $55,850 - MSRP
    $7,658 - Discount
    $1,500 - Option Package Discount
    $1,000 - USAA
    $1,000 - Loyalty

    $44,692 - Cap Cost
    .00136 - MF
    12k Miles
    36 Months

    VA Tax of 4.5%

    rolling it all in.....fingers crossed this isn't to good to be true..


    Thanks in advance kyfdx

    what is this option package discount? how are you getting it? is it due to USAA?
    It's an "option allowance". BMW-ese for a factory to consumer incentive.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Moderator Posts: 267,190
    jlaw22 said:

    Here is what I'm looking at:

    $50,045 MSRP
    $40,000 Selling Price
    24 months - 70.102%
    .00136 MF
    $1,000 loyalty

    $0 out of pocket
    $367.62 with tax (in cali)

    This is on a 2016 BMW 328i demo with 4k miles on it. Thoughts?

    Zero out of pocket and $368/mo. (no trade?)

    Did you take it?

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • 5am_design5am_design Member Posts: 2
    edited September 2016
    I've got a deal from the dealer over the phone and planning to go in tomorrow. Before I go in, I'd like to see if this is a good deal and if there's anything I should watch out for in terms of numbers during the paper signing.

    Dealer's offer:
    2016 base 320i

    MSRP: $34,145
    Selling Price: Not Mentioned
    Acq Fee: $925
    Term: 36
    Miles/yr: 12,000
    Total Payment: $304.11 (9% CA tax included)
    Cap Cost: Not Mentioned (Assuming Invoice($32,595) - $1,500 allowance - $1,000 loyalty = $30,095)
    MF: Not Mentioned
    Residual %: Not Mentioned
    Residual Value: Not Mentioned
    Base Payment: Not Mentioned
    Monthly Tax: Not Mentioned

    Cash: Drive off of $945 (first month, registration and license)

    Assumption and wasn't mentioned:
    - $925 acquisition was added to the payment
    -$1,500 incentive and $1,000 loyalty incentive added

    Questions:
    1. What is the break down of the drive off I should watch out for? (I feel like it's more than it should be)
    2. Anything else I should watch out for beside the monthly payment and drive off cash?
    3. How does the deal look?

  • MichaellMichaell Moderator Posts: 263,385

    I've got a deal from the dealer over the phone and planning to go in tomorrow. Before I go in, I'd like to see if this is a good deal and if there's anything I should watch out for in terms of numbers during the paper signing.

    Dealer's offer:
    2016 base 320i

    MSRP: $34,145
    Selling Price: Not Mentioned
    Acq Fee: $925
    Term: 36
    Miles/yr: 12,000
    Total Payment: $304.11 (9% CA tax included)
    Cap Cost: Not Mentioned (Assuming Invoice($32,595) - $1,500 allowance - $1,000 loyalty = $30,095)
    MF: Not Mentioned
    Residual %: Not Mentioned
    Residual Value: Not Mentioned
    Base Payment: Not Mentioned
    Monthly Tax: Not Mentioned

    Cash: Drive off of $945 (first month, registration and license)

    Assumption and wasn't mentioned:
    - $925 acquisition was added to the payment
    -$1,500 incentive and $1,000 loyalty incentive added

    Questions:
    1. What is the break down of the drive off I should watch out for? (I feel like it's more than it should be)
    2. Anything else I should watch out for beside the monthly payment and drive off cash?
    3. How does the deal look?

    First, the numbers - .00136 and 65% for 36/12.

    If we add the acquisition fee to the cap cost, it becomes $31,020. With the MSRP listed and the lease numbers as above, I get $318/mo before tax.

    So, get the adjusted cap cost from the dealer - your quote of $304.11 with tax looks pretty darn good by comparison, especially if it only requires $945 out of pocket at signing.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • brouwekbrouwek Member Posts: 8
    ^ what would residual and MF be for 36/10? I am looking at the same car...Thank you!
  • jlaw22jlaw22 Member Posts: 3
    kyfdx said:

    jlaw22 said:

    Here is what I'm looking at:

    $50,045 MSRP
    $40,000 Selling Price
    24 months - 70.102%
    .00136 MF
    $1,000 loyalty

    $0 out of pocket
    $367.62 with tax (in cali)

    This is on a 2016 BMW 328i demo with 4k miles on it. Thoughts?

    Zero out of pocket and $368/mo. (no trade?)

    Did you take it?
    0 out of pocket and $368 a month with no trade. I'm going to pick it up on Sunday. I got the idea of looking for a short term lease from some of the other forums of people talking about demo cars that are quite cheap. I was aiming for 20% off MSRP which is what this deal represents.
  • downkastdownkast Member Posts: 3
    edited September 2016
    Just received a final quote before I go in tomorrow morning,

    '16 320i xDrive , Sport pkg, navigation, driver assistance, moonroof, power/heated seats
    MSRP: $43,650
    Sale Price: $38,411

    Dealer fees/destination/acquisition/taxes (Virginia) all rolled in @ estimated $6,000.
    Golf ($1000) and USAA($1000) rebate used

    7 MSD's and First month's payment = $3,120 due at signing.

    Payment for a 36/10k = $390

    They have not provided the MF/Residual yet. First time leasing a BMW, new to the element please let me know if this is a good/fair deal. Thank you for your time!

  • MichaellMichaell Moderator Posts: 263,385
    brouwek said:

    ^ what would residual and MF be for 36/10? I am looking at the same car...Thank you!

    .00136 and 66%

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • MichaellMichaell Moderator Posts: 263,385
    downkast said:

    Just received a final quote before I go in tomorrow morning,

    '16 320i xDrive , Sport pkg, navigation, driver assistance, moonroof, power/heated seats
    MSRP: $43,650
    Sale Price: $38,411

    Dealer fees/destination/acquisition/taxes (Virginia) all rolled in @ estimated $6,000.
    Golf ($1000) and USAA($1000) rebate used

    7 MSD's and First month's payment = $3,120 due at signing.

    Payment for a 36/10k = $390

    They have not provided the MF/Residual yet. First time leasing a BMW, new to the element please let me know if this is a good/fair deal. Thank you for your time!

    What is the adjusted cap cost with all the fees and taxes added in, and the incentives taken out?

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • 5am_design5am_design Member Posts: 2
    Michaell said:

    I've got a deal from the dealer over the phone and planning to go in tomorrow. Before I go in, I'd like to see if this is a good deal and if there's anything I should watch out for in terms of numbers during the paper signing.

    Dealer's offer:
    2016 base 320i

    MSRP: $34,145
    Selling Price: Not Mentioned
    Acq Fee: $925
    Term: 36
    Miles/yr: 12,000
    Total Payment: $304.11 (9% CA tax included)
    Cap Cost: Not Mentioned (Assuming Invoice($32,595) - $1,500 allowance - $1,000 loyalty = $30,095)
    MF: Not Mentioned
    Residual %: Not Mentioned
    Residual Value: Not Mentioned
    Base Payment: Not Mentioned
    Monthly Tax: Not Mentioned

    Cash: Drive off of $945 (first month, registration and license)

    Assumption and wasn't mentioned:
    - $925 acquisition was added to the payment
    -$1,500 incentive and $1,000 loyalty incentive added

    Questions:
    1. What is the break down of the drive off I should watch out for? (I feel like it's more than it should be)
    2. Anything else I should watch out for beside the monthly payment and drive off cash?
    3. How does the deal look?

    First, the numbers - .00136 and 65% for 36/12.

    If we add the acquisition fee to the cap cost, it becomes $31,020. With the MSRP listed and the lease numbers as above, I get $318/mo before tax.

    So, get the adjusted cap cost from the dealer - your quote of $304.11 with tax looks pretty darn good by comparison, especially if it only requires $945 out of pocket at signing.
    Thank you for responding so quickly and looking through my question with precision.

    1. What cap cost should I verify with the dealer to match the $304.11 w/ tax payment to make sure they're being legitimate?

    2. I can't remember the fees due at signing for BMW. I didn't want to sign the payment and ended up paying too much on drive off. Could I get a break down on what to expect as drive off at BMW?

Sign In or Register to comment.