2017 BMW 2-Series Lease Deals and Prices

kyfdx

Ask your 2017 2-Series questions here! Get info about prices, money factor, deals, incentives, and payments.

lf12345

Hello,

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

Michaell

lf12345 said:

Hello,

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

.00137 and 55% / 53%

lf12345

I was hoping to get some input on the deal I've been working on for a 2017 m240i coupe:
MSRP $50,270
Dealer offer $47,370
MF 0.00137 (I plan on giving MSDs to lower further)
I plan on leasing for 36 mo/12k
$1500 rebate after taxes for being an employee of a preferred local company
I was quoted an out the door price $49, 723.68.

The out the door price includes the state tax (Illinois) on the entire purchase, right? So if I lease, isn't the tax levied on the monthly payments?

I'm just trying to plug in the numbers into a lease calculator correctly to estimate my payments.

Thanks for your help!

Michaell

lf12345 said:

I was hoping to get some input on the deal I've been working on for a 2017 m240i coupe:
MSRP $50,270
Dealer offer $47,370
MF 0.00137 (I plan on giving MSDs to lower further)
I plan on leasing for 36 mo/12k
$1500 rebate after taxes for being an employee of a preferred local company
I was quoted an out the door price $49, 723.68.

The out the door price includes the state tax (Illinois) on the entire purchase, right? So if I lease, isn't the tax levied on the monthly payments?

I'm just trying to plug in the numbers into a lease calculator correctly to estimate my payments.

Thanks for your help!

I believe IL changed the tax structure on leases. Now tax is assessed against the sum of the payments, and collected upfront. If you live in Cook County, there is an additional county level tax that is assessed against the monthly payment.

kyfdx

I think @michaell is correct. Illinois now taxes the sum of the monthly payments, but it's collected upfront. So, either add that tax amount to your CAP cost or leave it out of the calculation, if you are paying it upfront.

lf12345

Thank you both for your input. I'm going through the leasing process for the first time, and I really appreciate it. Can you look over the deal and let me know if everything adds up, and if you think it's a good deal?
As above on a 2017 m240i RWD coupe
MSRP $50,270
Dealer offer $47,370 - $1500 rebate = $45,870
MF + 7 MSDs = 0.00088
36 mo/12k with 55% residual
Dealer quoted $636/mo
$4925.89 inception fees (MSDs, 1st month, plates, dealer fees)
Thanks again!

Michaell

lf12345 said:

Thank you both for your input. I'm going through the leasing process for the first time, and I really appreciate it. Can you look over the deal and let me know if everything adds up, and if you think it's a good deal?
As above on a 2017 m240i RWD coupe
MSRP $50,270
Dealer offer $47,370 - $1500 rebate = $45,870
MF + 7 MSDs = 0.00088
36 mo/12k with 55% residual
Dealer quoted $636/mo
$4925.89 inception fees (MSDs, 1st month, plates, dealer fees)
Thanks again!

I get $571/mo plus tax with those numbers. What state and tax rate is this?

lf12345

Illinois, I believe 7% rate.

Michaell

lf12345 said:

Illinois, I believe 7% rate.

Cook County? If so, you get to pay tax twice - once to the state and again to the county. Total tax rate on a lease is something like 14-15%.

lf12345

Lake County, zip 60015

Michaell

lf12345 said:

Lake County, zip 60015

$611/mo with tax. I'll bet the difference can be attributed to the $925 bank fee.

2015a3tdi

seeking August numbers for 2017 230i...in anticipation they'll be released tomorrow morning! thanks!

Michaell

2015a3tdi said:

seeking August numbers for 2017 230i...in anticipation they'll be released tomorrow morning! thanks!

Current BMW numbers are "technically" valid until 8/31.

Doesn't mean that can't, or won't, change this week.

2015a3tdi

Michaell said:

2015a3tdi said:

seeking August numbers for 2017 230i...in anticipation they'll be released tomorrow morning! thanks!

Current BMW numbers are "technically" valid until 8/31.

Doesn't mean that can't, or won't, change this week.

Did they go back to the two month structure? I think they used to do that.

Michaell

2015a3tdi said:

Michaell said:

2015a3tdi said:

seeking August numbers for 2017 230i...in anticipation they'll be released tomorrow morning! thanks!

Current BMW numbers are "technically" valid until 8/31.

Doesn't mean that can't, or won't, change this week.

Did they go back to the two month structure? I think they used to do that.

It varies ... sometimes the numbers are only valid for one month, other times two.

But, it's possible updates to the current program could be released this week.

2015a3tdi

Michaell said:

2015a3tdi said:

Michaell said:

2015a3tdi said:

seeking August numbers for 2017 230i...in anticipation they'll be released tomorrow morning! thanks!

Current BMW numbers are "technically" valid until 8/31.

Doesn't mean that can't, or won't, change this week.

Did they go back to the two month structure? I think they used to do that.

It varies ... sometimes the numbers are only valid for one month, other times two.

But, it's possible updates to the current program could be released this week.

Okay, if you see an update and can post, that'd be great. I have credit locked for July, August, September rates for my 230i on order for ED, so whichever is best is what I take...hoping they get more aggressive before 09/30!

lf12345

Hi,
I'm waiting for my M240i to arrive and was just wondering if there are any incentives for Septmeber and if the residuals have changed for 36mo/12k.

Thanks!

kyfdx

lf12345 said:

Hi,
I'm waiting for my M240i to arrive and was just wondering if there are any incentives for Septmeber and if the residuals have changed for 36mo/12k.

Thanks!

New program doesn't start until tomorrow. Might be a few days before we see the numbers.

2015a3tdi

want to know the same thing for the 230i 15k/36, thanks!

kyfdx

2015a3tdi said:

want to know the same thing for the 230i 15k/36, thanks!

Sorry.. We haven't seen the new programs, yet. Maybe, next week.

2015a3tdi

bumping this for the rates...I think they should be available today!

kyfdx

2015a3tdi said:

want to know the same thing for the 230i 15k/36, thanks!

.00136 MF and 55% residual

2015a3tdi

$1000 build out cash as well for the 2017?

Michaell

2015a3tdi said:

$1000 build out cash as well for the 2017?

$1000 option allowance this month, yes.

lstewie

Hi could i see what the numbers are for a 240i RWD, 10k Miles, 36 month.

Michaell

lstewie said:

Hi could i see what the numbers are for a 240i RWD, 10k Miles, 36 month.

.00136 and 58%. $1000 option allowance.

sd_amos

Hello, what are the MF and residual for a 2017 M2, 36 months, and 10k?

And I am wondering if an M2 is eligible for BMW Select Financing (if there is still such a thing...)? and how the terms and rates differ from a lease?

Thank you!

kyfdx

sd_amos said:

Hello, what are the MF and residual for a 2017 M2, 36 months, and 10k?

And I am wondering if an M2 is eligible for BMW Select Financing (if there is still such a thing...)? and how the terms and rates differ from a lease?

Thank you!

.00136 MF and 47% residual

If Select is offered in your state, then the M2 would be eligible. 2.95% APR

jlsellers

I ordered an M240i convertible in September, at which point I locked in .00136MF with a 55% residual for 36months/15k miles per month. Just checking to see if any changes were made for October? Also, is their a 39 month residual that makes sense to use instead of 36 months?

kyfdx

jlsellers said:

I ordered an M240i convertible in September, at which point I locked in .00136MF with a 55% residual for 36months/15k miles per month. Just checking to see if any changes were made for October? Also, is their a 39 month residual that makes sense to use instead of 36 months?

Numbers haven't changed since September, and 36 months is still the best term.

dom8925

Could I get the MF and residual for a m240i at 36/15k? Is there a difference between rwd and awd?

kyfdx

dom8925 said:

Could I get the MF and residual for a m240i at 36/15k? Is there a difference between rwd and awd?

.00136 MF and 55% residual. $1000 option allowance.
No difference.

dom8925

kyfdx said:

dom8925 said:

Could I get the MF and residual for a m240i at 36/15k? Is there a difference between rwd and awd?

.00136 MF and 55% residual. $1000 option allowance.
No difference.

Thanks, Is there a general percentage off msrp I should aim for the sale price?

Michaell

dom8925 said:

kyfdx said:

dom8925 said:

Could I get the MF and residual for a m240i at 36/15k? Is there a difference between rwd and awd?

.00136 MF and 55% residual. $1000 option allowance.
No difference.

Thanks, Is there a general percentage off msrp I should aim for the sale price?

7% off MSRP for BMW is a good target.

mightyprawn

Question about lease special on bmw site.

I see that the money factor posted in previous posts is usually .00136
But I am wondering how BMW gets to it's number of $499 per month on a m240i 10k miles per year.
price = 49045 and the residual = 28446. It assumes 3000 down and the 1000 incentive.
So that leads me to believe the residual percent is 58%
So at .000136 I come up with a payment before tax of 561. In order to get to 499 if figure the money factor would have to be something like .00052

What am I missing when trying to figure this out?
Thank you.

dom8925

kyfdx said:

dom8925 said:

Could I get the MF and residual for a m240i at 36/15k? Is there a difference between rwd and awd?

.00136 MF and 55% residual. $1000 option allowance.
No difference.

Is there a different MF between a excellent or very good credit? If there is, what are they? Can I get the MF for good credit score? Thanks

kyfdx

mightyprawn said:

Question about lease special on bmw site.

I see that the money factor posted in previous posts is usually .00136
But I am wondering how BMW gets to it's number of $499 per month on a m240i 10k miles per year.
price = 49045 and the residual = 28446. It assumes 3000 down and the 1000 incentive.
So that leads me to believe the residual percent is 58%
So at .000136 I come up with a payment before tax of 561. In order to get to 499 if figure the money factor would have to be something like .00052

What am I missing when trying to figure this out?
Thank you.

You are missing the dealer discount from MSRP. It isn't disclosed.

kyfdx

dom8925 said:

kyfdx said:

dom8925 said:

Could I get the MF and residual for a m240i at 36/15k? Is there a difference between rwd and awd?

.00136 MF and 55% residual. $1000 option allowance.
No difference.

Is there a different MF between a excellent or very good credit? If there is, what are they? Can I get the MF for good credit score? Thanks

The top rate is for FICO scores of 675+.

bmw2series

You mentioned earlier that 7% off is a good discount to shoot for. Is this including incentives or not? I think I may qualify for the college/graduate incentive for this November so was wondering if I should include that in the selling price. Thanks!

kyfdx

bmw2series said:

You mentioned earlier that 7% off is a good discount to shoot for. Is this including incentives or not? I think I may qualify for the college/graduate incentive for this November so was wondering if I should include that in the selling price. Thanks!

7% off, then deduct the incentive.
Ask the dealer if you qualify. If so, that should be more off.

mightyprawn

Can I get the MF and residual for m240 xdrive Novemeber for a 36/ 10k lease for Georgia.

Thanks.

Michaell

mightyprawn said:

Can I get the MF and residual for m240 xdrive Novemeber for a 36/ 10k lease for Georgia.

Thanks.

.00134 and 58%

koguma

Do we have number for 10k miles / 24 months on M240 coupe?

kyfdx

koguma said:

Do we have number for 10k miles / 24 months on M240 coupe?

.00134 MF and 64% residual

perfectdrunk55

Can I get the MF and residual for the 230i xdrive Novemeber for a 36 months/ 10k

Michaell

perfectdrunk55 said:

Can I get the MF and residual for the 230i xdrive Novemeber for a 36 months/ 10k

.00134 and 58%

mokhan81

Can i please get the numbers for a 2017 RWD 230i coupe . I am in Texas.

kyfdx

mokhan81 said:

Can i please get the numbers for a 2017 RWD 230i coupe . I am in Texas.

.00134 MF and 55% residual for 36/15.

mokhan81

Sorry i should have been clear its for 36 m / 12 k . 2017 RWD 230i coupe. This is for Texas.

Michaell

mokhan81 said:

Sorry i should have been clear its for 36 m / 12 k . 2017 RWD 230i coupe. This is for Texas.

57% residual for 12K