2017 BMW 3-Series Lease Deals and Prices

Michaell

ldetr2017 said:

Hello,

Just returned from the dealer and here is the offer I received for a 2017 330i, please let me know if I should take the offer or how I can get a better deal:

MSRP: 44,795
Selling Price: 41,250
Adjusted Cap. Cost: 38,743
MF: .00151
Residual: 62% (27,772)
Monthly with taxes: 442.67 (this includes BMW wear/tear/tire protection), 403.29 (without)
Drive off money down: 2500 which includes 1st month, registration, acquisition fee, document, and dmv

Do you recommend the wear/tear/tire protection? Covers up to 5000 in damages

This is for 3 years and 10,000 miles per

Thanks!

I get $405/mo before tax with those prices; if your quote is less than my calculation but includes taxes, you should jump all over it.

Skip the tire and wear and tear packages - only the dealer benefits from these

Not much else you can do to improve on that.

[Deleted User]

Michaell said:

ldetr2017 said:

Hello,

Just returned from the dealer and here is the offer I received for a 2017 330i, please let me know if I should take the offer or how I can get a better deal:

MSRP: 44,795
Selling Price: 41,250
Adjusted Cap. Cost: 38,743
MF: .00151
Residual: 62% (27,772)
Monthly with taxes: 442.67 (this includes BMW wear/tear/tire protection), 403.29 (without)
Drive off money down: 2500 which includes 1st month, registration, acquisition fee, document, and dmv

Do you recommend the wear/tear/tire protection? Covers up to 5000 in damages

This is for 3 years and 10,000 miles per

Thanks!

I get $405/mo before tax with those prices; if your quote is less than my calculation but includes taxes, you should jump all over it.

Skip the tire and wear and tear packages - only the dealer benefits from these

Not much else you can do to improve on that.

Got it! Thanks so much, Michaell. Going to see if I can get another 1k out of it. I will probably pull the trigger tomorrow. Going to visit one more dealer.

e46_to_f30

A few questions for the experts. Trying to lease a 2017 340 and was curious on people's approaches. Do you negotiate the 7% (or so) off MSRP first and *then* take off dealer incentives and rebates? If that's the case, it seems like I'd be getting 16% off the MSRP if I were to do that in the deal below, which might be too aggressive. Please let me know your thoughts.

MSRP: 60,300
10k miles, 0.00151 MF, 62% resid.
The way the worksheet states it is:
Selling Price: $60,300, Discount: $3,180, Capitalized Taxes: $2,035.66, Gross Cap Cost: $59,170.66, Net Cap Cost Reduction: $3,000 (includes $2,500 lease credit and $500 corp fleet), Net Cap Cost: $56,170.66

Total Payment incl taxes: $663.07 at a 7.25% tax rate.

Up front cost: $1,981.22 includes $925 acq, $221 title, $172.15 doc fee, and first month's pmt.

What are the capitalized taxes? I thought I'd get taxed on the rebates up front then on each payment individually?

Thanks!

kyfdx

e46_to_f30 said:

A few questions for the experts. Trying to lease a 2017 340 and was curious on people's approaches. Do you negotiate the 7% (or so) off MSRP first and *then* take off dealer incentives and rebates? If that's the case, it seems like I'd be getting 16% off the MSRP if I were to do that in the deal below, which might be too aggressive. Please let me know your thoughts.

MSRP: 60,300
10k miles, 0.00151 MF, 62% resid.
The way the worksheet states it is:
Selling Price: $60,300, Discount: $3,180, Capitalized Taxes: $2,035.66, Gross Cap Cost: $59,170.66, Net Cap Cost Reduction: $3,000 (includes $2,500 lease credit and $500 corp fleet), Net Cap Cost: $56,170.66

Total Payment incl taxes: $663.07 at a 7.25% tax rate.

Up front cost: $1,981.22 includes $925 acq, $221 title, $172.15 doc fee, and first month's pmt.

What are the capitalized taxes? I thought I'd get taxed on the rebates up front then on each payment individually?

Thanks!

What state are you in?

In the numbers you gave above, you got a $3180 discount, plus $3000 in rebates.

e46_to_f30

kyfdx said:

A few questions for the experts. Trying to lease a 2017 340 and was curious on people's approaches. Do you negotiate the 7% (or so) off MSRP first and *then* take off dealer incentives and rebates? If that's the case, it seems like I'd be getting 16% off the MSRP if I were to do that in the deal below, which might be too aggressive. Please let me know your thoughts. MSRP: 60,300 10k miles, 0.00151 MF, 62% resid. The way the worksheet states it is: Selling Price: $60,300, Discount: $3,180, Capitalized Taxes: $2,035.66, Gross Cap Cost: $59,170.66, Net Cap Cost Reduction: $3,000 (includes $2,500 lease credit and $500 corp fleet), Net Cap Cost: $56,170.66 Total Payment incl taxes: $663.07 at a 7.25% tax rate. Up front cost: $1,981.22 includes $925 acq, $221 title, $172.15 doc fee, and first month's pmt. What are the capitalized taxes? I thought I'd get taxed on the rebates up front then on each payment individually? Thanks!

What state are you in? In the numbers you gave above, you got a $3180 discount, plus $3000 in rebates.

I'm in IL. 

e46_to_f30

kyfdx said:

e46_to_f30 said:

A few questions for the experts. Trying to lease a 2017 340 and was curious on people's approaches. Do you negotiate the 7% (or so) off MSRP first and *then* take off dealer incentives and rebates? If that's the case, it seems like I'd be getting 16% off the MSRP if I were to do that in the deal below, which might be too aggressive. Please let me know your thoughts.

MSRP: 60,300
10k miles, 0.00151 MF, 62% resid.
The way the worksheet states it is:
Selling Price: $60,300, Discount: $3,180, Capitalized Taxes: $2,035.66, Gross Cap Cost: $59,170.66, Net Cap Cost Reduction: $3,000 (includes $2,500 lease credit and $500 corp fleet), Net Cap Cost: $56,170.66

Total Payment incl taxes: $663.07 at a 7.25% tax rate.

Up front cost: $1,981.22 includes $925 acq, $221 title, $172.15 doc fee, and first month's pmt.

What are the capitalized taxes? I thought I'd get taxed on the rebates up front then on each payment individually?

Thanks!

What state are you in?

In the numbers you gave above, you got a $3180 discount, plus $3000 in rebates.

Also, do you have a sense on how capitalized taxes are calculated? I can't figure that out. Thanks!

ayame19

ldetr2017 said:

Hello, Just returned from the dealer and here is the offer I received for a 2017 330i, please let me know if I should take the offer or how I can get a better deal: MSRP: 44,795 Selling Price: 41,250 Adjusted Cap. Cost: 38,743 MF: .00151 Residual: 62% (27,772) Monthly with taxes: 442.67 (this includes BMW wear/tear/tire protection), 403.29 (without) Drive off money down: 2500 which includes 1st month, registration, acquisition fee, document, and dmv Do you recommend the wear/tear/tire protection? Covers up to 5000 in damages This is for 3 years and 10,000 miles per Thanks!

I get $405/mo before tax with those prices; if your quote is less than my calculation but includes taxes, you should jump all over it. Skip the tire and wear and tear packages - only the dealer benefits from these Not much else you can do to improve on that.

Got it! Thanks so much, Michaell. Going to see if I can get another 1k out of it. I will probably pull the trigger tomorrow. Going to visit one more dealer.

Idetr2017, which state do you live in?! I wanted a new 330i but found them to be a bit pricey because there's not many left in CA so I opted to lease a fully loaded loaner, but my payments are about the same as yours...msrp is $46k though at 12k miles so I'm just curious. 

Michaell

e46_to_f30 said:

kyfdx said:

e46_to_f30 said:

A few questions for the experts. Trying to lease a 2017 340 and was curious on people's approaches. Do you negotiate the 7% (or so) off MSRP first and *then* take off dealer incentives and rebates? If that's the case, it seems like I'd be getting 16% off the MSRP if I were to do that in the deal below, which might be too aggressive. Please let me know your thoughts.

MSRP: 60,300
10k miles, 0.00151 MF, 62% resid.
The way the worksheet states it is:
Selling Price: $60,300, Discount: $3,180, Capitalized Taxes: $2,035.66, Gross Cap Cost: $59,170.66, Net Cap Cost Reduction: $3,000 (includes $2,500 lease credit and $500 corp fleet), Net Cap Cost: $56,170.66

Total Payment incl taxes: $663.07 at a 7.25% tax rate.

Up front cost: $1,981.22 includes $925 acq, $221 title, $172.15 doc fee, and first month's pmt.

What are the capitalized taxes? I thought I'd get taxed on the rebates up front then on each payment individually?

Thanks!

What state are you in?

In the numbers you gave above, you got a $3180 discount, plus $3000 in rebates.

Also, do you have a sense on how capitalized taxes are calculated? I can't figure that out. Thanks!

IL calculates sales tax against the sum of the payments; if you choose not to pay them up front, then get added ("capitalized") to the cap cost.

That is our recommendation - if the car is stolen or totaled, the state won't refund you those pre-paid taxes, will they?

e46_to_f30

Michaell said:

e46_to_f30 said:

kyfdx said:

e46_to_f30 said:

A few questions for the experts. Trying to lease a 2017 340 and was curious on people's approaches. Do you negotiate the 7% (or so) off MSRP first and *then* take off dealer incentives and rebates? If that's the case, it seems like I'd be getting 16% off the MSRP if I were to do that in the deal below, which might be too aggressive. Please let me know your thoughts.

MSRP: 60,300
10k miles, 0.00151 MF, 62% resid.
The way the worksheet states it is:
Selling Price: $60,300, Discount: $3,180, Capitalized Taxes: $2,035.66, Gross Cap Cost: $59,170.66, Net Cap Cost Reduction: $3,000 (includes $2,500 lease credit and $500 corp fleet), Net Cap Cost: $56,170.66

Total Payment incl taxes: $663.07 at a 7.25% tax rate.

Up front cost: $1,981.22 includes $925 acq, $221 title, $172.15 doc fee, and first month's pmt.

What are the capitalized taxes? I thought I'd get taxed on the rebates up front then on each payment individually?

Thanks!

What state are you in?

In the numbers you gave above, you got a $3180 discount, plus $3000 in rebates.

Also, do you have a sense on how capitalized taxes are calculated? I can't figure that out. Thanks!

IL calculates sales tax against the sum of the payments; if you choose not to pay them up front, then get added ("capitalized") to the cap cost.

That is our recommendation - if the car is stolen or totaled, the state won't refund you those pre-paid taxes, will they?

I can assure you IL won't be letting go of any tax revenue anytime soon!

Michaell

e46_to_f30 said:

Michaell said:

e46_to_f30 said:

kyfdx said:

e46_to_f30 said:

A few questions for the experts. Trying to lease a 2017 340 and was curious on people's approaches. Do you negotiate the 7% (or so) off MSRP first and *then* take off dealer incentives and rebates? If that's the case, it seems like I'd be getting 16% off the MSRP if I were to do that in the deal below, which might be too aggressive. Please let me know your thoughts.

MSRP: 60,300
10k miles, 0.00151 MF, 62% resid.
The way the worksheet states it is:
Selling Price: $60,300, Discount: $3,180, Capitalized Taxes: $2,035.66, Gross Cap Cost: $59,170.66, Net Cap Cost Reduction: $3,000 (includes $2,500 lease credit and $500 corp fleet), Net Cap Cost: $56,170.66

Total Payment incl taxes: $663.07 at a 7.25% tax rate.

Up front cost: $1,981.22 includes $925 acq, $221 title, $172.15 doc fee, and first month's pmt.

What are the capitalized taxes? I thought I'd get taxed on the rebates up front then on each payment individually?

Thanks!

What state are you in?

In the numbers you gave above, you got a $3180 discount, plus $3000 in rebates.

Also, do you have a sense on how capitalized taxes are calculated? I can't figure that out. Thanks!

IL calculates sales tax against the sum of the payments; if you choose not to pay them up front, then get added ("capitalized") to the cap cost.

That is our recommendation - if the car is stolen or totaled, the state won't refund you those pre-paid taxes, will they?

I can assure you IL won't be letting go of any tax revenue anytime soon!

Yep, not with the state pension fund in the shape it is currently in.

Look on the bright side - you guys finally got a state budget passed!

Do you live in Chicago? If so, then the city assesses a sales tax on each lease payment, as well.

e46_to_f30

Michaell said:

e46_to_f30 said:

Michaell said:

e46_to_f30 said:

kyfdx said:

e46_to_f30 said:

A few questions for the experts. Trying to lease a 2017 340 and was curious on people's approaches. Do you negotiate the 7% (or so) off MSRP first and *then* take off dealer incentives and rebates? If that's the case, it seems like I'd be getting 16% off the MSRP if I were to do that in the deal below, which might be too aggressive. Please let me know your thoughts.

MSRP: 60,300
10k miles, 0.00151 MF, 62% resid.
The way the worksheet states it is:
Selling Price: $60,300, Discount: $3,180, Capitalized Taxes: $2,035.66, Gross Cap Cost: $59,170.66, Net Cap Cost Reduction: $3,000 (includes $2,500 lease credit and $500 corp fleet), Net Cap Cost: $56,170.66

Total Payment incl taxes: $663.07 at a 7.25% tax rate.

Up front cost: $1,981.22 includes $925 acq, $221 title, $172.15 doc fee, and first month's pmt.

What are the capitalized taxes? I thought I'd get taxed on the rebates up front then on each payment individually?

Thanks!

What state are you in?

In the numbers you gave above, you got a $3180 discount, plus $3000 in rebates.

Also, do you have a sense on how capitalized taxes are calculated? I can't figure that out. Thanks!

IL calculates sales tax against the sum of the payments; if you choose not to pay them up front, then get added ("capitalized") to the cap cost.

That is our recommendation - if the car is stolen or totaled, the state won't refund you those pre-paid taxes, will they?

I can assure you IL won't be letting go of any tax revenue anytime soon!

Yep, not with the state pension fund in the shape it is currently in.

Look on the bright side - you guys finally got a state budget passed!

Do you live in Chicago? If so, then the city assesses a sales tax on each lease payment, as well.

Nope, in the burbs so no Chicago tax.

Michaell

e46_to_f30 said:

Michaell said:

e46_to_f30 said:

Michaell said:

e46_to_f30 said:

kyfdx said:

e46_to_f30 said:

A few questions for the experts. Trying to lease a 2017 340 and was curious on people's approaches. Do you negotiate the 7% (or so) off MSRP first and *then* take off dealer incentives and rebates? If that's the case, it seems like I'd be getting 16% off the MSRP if I were to do that in the deal below, which might be too aggressive. Please let me know your thoughts.

MSRP: 60,300
10k miles, 0.00151 MF, 62% resid.
The way the worksheet states it is:
Selling Price: $60,300, Discount: $3,180, Capitalized Taxes: $2,035.66, Gross Cap Cost: $59,170.66, Net Cap Cost Reduction: $3,000 (includes $2,500 lease credit and $500 corp fleet), Net Cap Cost: $56,170.66

Total Payment incl taxes: $663.07 at a 7.25% tax rate.

Up front cost: $1,981.22 includes $925 acq, $221 title, $172.15 doc fee, and first month's pmt.

What are the capitalized taxes? I thought I'd get taxed on the rebates up front then on each payment individually?

Thanks!

What state are you in?

In the numbers you gave above, you got a $3180 discount, plus $3000 in rebates.

Also, do you have a sense on how capitalized taxes are calculated? I can't figure that out. Thanks!

IL calculates sales tax against the sum of the payments; if you choose not to pay them up front, then get added ("capitalized") to the cap cost.

That is our recommendation - if the car is stolen or totaled, the state won't refund you those pre-paid taxes, will they?

I can assure you IL won't be letting go of any tax revenue anytime soon!

Yep, not with the state pension fund in the shape it is currently in.

Look on the bright side - you guys finally got a state budget passed!

Do you live in Chicago? If so, then the city assesses a sales tax on each lease payment, as well.

Nope, in the burbs so no Chicago tax.

Dodged that bullet!

Makes the effective tax rate something like 17%

penguincorp

MSRP: $58640
Net cap cost: $48386
Money Factor: .00231
RV: 62%
Drive Off: $592
Monthly Payment: $592
12k/36
MF is higher as I did not get Tier 1
Good deal ?

Michaell

penguincorp said:

MSRP: $58640
Net cap cost: $48386
Money Factor: .00231
RV: 62%
Drive Off: $592
Monthly Payment: $592
12k/36
MF is higher as I did not get Tier 1
Good deal ?

I get $530/mo before tax.

State and tax rate?

penguincorp

NV 8.25%

Michaell

penguincorp said:

NV 8.25%

$574/mo after tax.

penguincorp

Ok. Let me have them check the math again on it. Good deal though?

[Deleted User]

ayame19:

I'm in California too. Here were my final numbers from yesterday on another car with a slightly higher MSRP. I accepted!

2017 BMW 330i

MSRP: $45,655
Selling Price: $41,185
Adjusted Cap Cost: $37,854.92
Rebates: $4250 including lease cash, loyalty, and recent grad
Trade-in: $0

Months: 36
Annual Mileage: 10,000

MF: .00151
Residual: $28,306.10 62%

Total Due At Signing: $1,300 including first month payment and fees
Monthly Payment (incl. tax): $398.93

Michaell

penguincorp said:

Ok. Let me have them check the math again on it. Good deal though?

Do you know your credit score? They might be marking up the MF, in addition to the bump for credit.

Michaell

ldetr2017 said:

ayame19:

I'm in California too. Here were my final numbers from yesterday on another car with a slightly higher MSRP. I accepted!

2017 BMW 330i

MSRP: $45,655
Selling Price: $41,185
Adjusted Cap Cost: $37,854.92
Rebates: $4250 including lease cash, loyalty, and recent grad
Trade-in: $0

Months: 36
Annual Mileage: 10,000

MF: .00151
Residual: $28,306.10 62%

Total Due At Signing: $1,300 including first month payment and fees
Monthly Payment (incl. tax): $398.93

I get $365/mo plus tax, so looks to be in the ballpark.

[Deleted User]

Michaell said:

ldetr2017 said:

ayame19:

I'm in California too. Here were my final numbers from yesterday on another car with a slightly higher MSRP. I accepted!

2017 BMW 330i

MSRP: $45,655
Selling Price: $41,185
Adjusted Cap Cost: $37,854.92
Rebates: $4250 including lease cash, loyalty, and recent grad
Trade-in: $0

Months: 36
Annual Mileage: 10,000

MF: .00151
Residual: $28,306.10 62%

Total Due At Signing: $1,300 including first month payment and fees
Monthly Payment (incl. tax): $398.93

I get $365/mo plus tax, so looks to be in the ballpark.

Thanks, Michaell! I'm very happy you give it the green light. Appreciate the input.

penguincorp

EX Auto 8 was 647 even though my other bureaus were over 700 but BMWFS even with previous lease history they would only take EX.

kyfdx

penguincorp said:

EX Auto 8 was 647 even though my other bureaus were over 700 but BMWFS even with previous lease history they would only take EX.

It's likely that there is a money factor markup of .00030-.00040. in addition to the bump for your credit score.

penguincorp

Ok. You are probably right about the money factor. Is $592 good for that optioned of a car?

Michaell

penguincorp said:

Ok. You are probably right about the money factor. Is $592 good for that optioned of a car?

The MF bump (on top of the credit bump) is likely adding $30-50 to your payment.

Politely tell the dealer that you won't sign a deal where the MF is marked up beyond the base rate.

You might also want to consider shopping multiple dealers.

ayame19

ldetr2017 said:

ayame19: I'm in California too. Here were my final numbers from yesterday on another car with a slightly higher MSRP. I accepted! 2017 BMW 330i MSRP: $45,655 Selling Price: $41,185 Adjusted Cap Cost: $37,854.92 Rebates: $4250 including lease cash, loyalty, and recent grad Trade-in: $0 Months: 36 Annual Mileage: 10,000 MF: .00151 Residual: $28,306.10 62% Total Due At Signing: $1,300 including first month payment and fees Monthly Payment (incl. tax): $398.93

Ah you got a great deal! My rebate was only $2,500 (not a recent grad or returning BMW). If you're from up North I'll feel better lol. 

Just came over after leasing a 2015 Audi A3 Quattro. Car is stronger and has a lot more add ons, however I have to turn the sport mode on to beat people at red lights or freeway on ramps. Never had to do that with my A3. It felt zippier. Thinking of keeping sport mode on 24/7 lol. What's the gas on doing that?

[Deleted User]

ayame19:

Haha I'm actually from SoCal, LA County. Yeah, I really lucked out with packaging all those rebates at the right time. I haven't really compared numbers honestly, usually comfort mode is good enough for me and found it to be just right. There are forums out there where people discuss like bimmerfest and bimmerpost and I have determined that the difference in gas is really insignificant between comfort and sport. I think you should be fine doing that! Would be cool if we found worthwhile data on this topic.

burr23

Saw some comments about pricing. I'm in NorCal. Getting a 330i service loaner with 4700 miles so qualifies for new car incentives. MSRP $48200. Selling Price under $39K. Then apply $3250 in incentives. With $1700 down (1 month payment, fees, taxes), I'm around $311 monthly.

ayame19

burr23 said:

Saw some comments about pricing. I'm in NorCal. Getting a 330i service loaner with 4700 miles so qualifies for new car incentives. MSRP $48200. Selling Price under $39K. Then apply $3250 in incentives. With $1700 down (1 month payment, fees, taxes), I'm around $311 monthly.

Bro, that's a crazy deal. SoCal/OC area only had a $2,500 incentive. Does that include taxes? That's way below my '15 Audi A3 at $32k selling.

e46_to_f30

Does anyone know if rebates (ie, $2500 current lease credit on 3-series and corporate fleet incentive) are taxable? Thanks!

Michaell

e46_to_f30 said:

Does anyone know if rebates (ie, $2500 current lease credit on 3-series and corporate fleet incentive) are taxable? Thanks!

Yes, incentives are subject to sales tax

e46_to_f30

Michaell said:

e46_to_f30 said:

Does anyone know if rebates (ie, $2500 current lease credit on 3-series and corporate fleet incentive) are taxable? Thanks!

Yes, incentives are subject to sales tax

Michaell said:

e46_to_f30 said:

Does anyone know if rebates (ie, $2500 current lease credit on 3-series and corporate fleet incentive) are taxable? Thanks!

Yes, incentives are subject to sales tax

Thanks! I forgot to ask about acquisition fee, doc fees, and tags/registration. Are those taxed as well?

Michaell

e46_to_f30 said:

Michaell said:

e46_to_f30 said:

Does anyone know if rebates (ie, $2500 current lease credit on 3-series and corporate fleet incentive) are taxable? Thanks!

Yes, incentives are subject to sales tax

Michaell said:

e46_to_f30 said:

Does anyone know if rebates (ie, $2500 current lease credit on 3-series and corporate fleet incentive) are taxable? Thanks!

Yes, incentives are subject to sales tax

Thanks! I forgot to ask about acquisition fee, doc fees, and tags/registration. Are those taxed as well?

Everything but registration costs, which is why we recommend you roll those into the cap cost and payment.

burr23

ayame19 said:

Bro, that's a crazy deal. SoCal/OC area only had a $2,500 incentive. Does that include taxes? That's way below my '15 Audi A3 at $32k selling.

311 with taxes.
$2500 incentive + $750 loyalty (if you had a BMW previously)

v6power

Got the following quote on a 2017 340xi 36/10 lease
Money factor : 0.00151
MSRP: 56310
Residual : 34912.20
Total Sales Tax : 2624.52

Initial cap cost : 54000
Addional cap cost : 1097.15 (acquisition and doc fee)
cash cap reduction : 2609.67
rebate : 2500
adjusted cap cost : 52612.00

Customer cash down : 3500

8.25% sales tax...

Came out to be 669.33 per month, seems kind of high isn't it? using Edmund's lease calculator, I got $571 a month.

I'm in IL, car will be registered in the suburbs, so no use tax.

kyfdx

v6power said:

Got the following quote on a 2017 340xi 36/10 lease
Money factor : 0.00151
MSRP: 56310
Residual : 34912.20
Total Sales Tax : 2624.52

Initial cap cost : 54000
Addional cap cost : 1097.15 (acquisition and doc fee)
cash cap reduction : 2609.67
rebate : 2500
adjusted cap cost : 52612.00

Customer cash down : 3500

8.25% sales tax...

Came out to be 669.33 per month, seems kind of high isn't it? using Edmund's lease calculator, I got $571 a month.

I'm in IL, car will be registered in the suburbs, so no use tax.

I get $624/mo.

When you use the calculator, leave the tax amount blank, as it's already added into the CAP cost.
Don't subtract your $3500. That's accounted for in the "cash cap reduction". (the rest of the $3500 is the first payment and probably DMV fees).

They are either marking up the money factor, or adding in some charges they haven't disclosed.

v6power

kyfdx said:

v6power said:

Got the following quote on a 2017 340xi 36/10 lease
Money factor : 0.00151
MSRP: 56310
Residual : 34912.20
Total Sales Tax : 2624.52

Initial cap cost : 54000
Addional cap cost : 1097.15 (acquisition and doc fee)
cash cap reduction : 2609.67
rebate : 2500
adjusted cap cost : 52612.00

Customer cash down : 3500

8.25% sales tax...

Came out to be 669.33 per month, seems kind of high isn't it? using Edmund's lease calculator, I got $571 a month.

I'm in IL, car will be registered in the suburbs, so no use tax.

I get $624/mo.

When you use the calculator, leave the tax amount blank, as it's already added into the CAP cost.
Don't subtract your $3500. That's accounted for in the "cash cap reduction". (the rest of the $3500 is the first payment and probably DMV fees).

They are either marking up the money factor, or adding in some charges they haven't disclosed.

Thank you for the fast response...

addfellow

Hi there. I'm looking to lease a 2017 330i xDrive Sports Wagon. 36 month/12K per year. MF & residual? Thanks.

Michaell

addfellow said:

Hi there. I'm looking to lease a 2017 330i xDrive Sports Wagon. 36 month/12K per year. MF & residual? Thanks.

.00151 and 61%

jayhawker3

2107 320i xdrive: premium pkg, driver assist, cold weather pkg, coming off of being courtesy car. 2300miles
MSRP 45870
Sales price: 40877
Rebate: 2500

MF: 0.00191
Dealer fee: 599
Aquisition fee: 925
Monthly payment of 455.

OTD: 1979

They want to throw in cash back of 380 (to cover my last monthly lease payment) and 350 (to pay my end of lease fees).

I can't get over the MF mark up which they will not budge on.

Thoughts

Michaell

jayhawker3 said:

2107 320i xdrive: premium pkg, driver assist, cold weather pkg, coming off of being courtesy car. 2300miles
MSRP 45870
Sales price: 40877
Rebate: 2500

MF: 0.00191
Dealer fee: 599
Aquisition fee: 925
Monthly payment of 455.

OTD: 1979

They want to throw in cash back of 380 (to cover my last monthly lease payment) and 350 (to pay my end of lease fees).

I can't get over the MF mark up which they will not budge on.

Thoughts

If the sales price is before the incentive, that 11% discount is pretty strong, even for a demo.

If you push for the base MF, the dealer may want to claw back some of that discount.

You'll have to decide which approach gives you a better payment.

jjd5006

OFFER: 36/12

330i former demo with 5381 miles
MSRP: 48,295
Sale Price: 37, 420
Out of pocket due: $1712.14 (dmv/tax/etc - no cash)
Monthly: $442

Seems a little high for a car with those miles but what do i know.

Michaell

jjd5006 said:

OFFER: 36/12

330i former demo with 5381 miles
MSRP: 48,295
Sale Price: 37, 420
Out of pocket due: $1712.14 (dmv/tax/etc - no cash)
Monthly: $442

Seems a little high for a car with those miles but what do i know.

.00151 and 61% - less 4% and .25/mile for the demo miles. That will kill your lease payment.

At that point, it's probably better to go with one that's new - or, find a loaner with less than 5000 miles on it. That way, you only pay the .25/mile charge, not the 4% drop in residual.

kyfdx

Michaell said:

jjd5006 said:

OFFER: 36/12

330i former demo with 5381 miles
MSRP: 48,295
Sale Price: 37, 420
Out of pocket due: $1712.14 (dmv/tax/etc - no cash)
Monthly: $442

Seems a little high for a car with those miles but what do i know.

.00151 and 61% - less 4% and .25/mile for the demo miles. That will kill your lease payment.

At that point, it's probably better to go with one that's new - or, find a loaner with less than 5000 miles on it. That way, you only pay the .25/mile charge, not the 4% drop in residual.

That seems like a pretty good payment, relative to MSRP. Doubt you can lease a new one for any amount close to that

rkade32

Hi Michaell,

Can you please tell me the residual for 2017 320iX and 330iX for 10K, 12K, 15K miles?

Thanks!

kyfdx

rkade32 said:

Hi Michaell,

Can you please tell me the residual for 2017 320iX and 330iX for 10K, 12K, 15K miles?

Thanks!

.00151 MF and 59% residual for 36/15
Add 3% or 2% for 10K/12K/yr
Either model

stevegraziano

Has the residual/mf or incentives changed for the 2017 340i xdrive. I am in Massachusetts. Thanks!

Michaell

stevegraziano said:

Has the residual/mf or incentives changed for the 2017 340i xdrive. I am in Massachusetts. Thanks!

Changed since when?

What lease term and how many miles per year?

stevegraziano

Sorry. 36/10.

Michaell

stevegraziano said:

Sorry. 36/10.

.00151 and 62%