Here you go, robray222000. If you were to lease a 2006 BMW 330i through BMW FS right now for 36 months with 15,000 miles per year, its buy rate lease money factor and residual value should be .00195 and 62%, respectively.
Let's calculate a lease payment on this car for you and see what we come up with, flooi. According to my calculations, if you were to lease a 2006 BMW 330i with an MSRP of $41,120 and a selling price of $38,710 through BMW Financial Services right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $472.
CarMan- Help! I already signed a contract but have not taken possession of the car yet. $2500 down incl. incpetions, tax, tag, etc, and first mo payment. $479/mo incl. tax. 36 mo. 10K miles/mo. Sterling graphite with leatherette int., no power seats. I Think this should be so much less per month! THANK YOU. I leave tomorrow- need help.
I just locked in the enhanced rates today. Placed the order for a 330xi sport, auto MSRP 41370, negotiated price 39970 (tried to do better but no go) zero down, no deposit, $550 including 6% tax for 36mo 12k. Thanks car_man
I am going to lease a car for the first time. this is the deal that I am getting from a BMW dealer. Please advise me on how to get the most out of this. My credit score is 736
Year: 2006 - Model: 330XI Silver
- Special Options: Automatic transmission, Premium package, Navigation, Heated seats, Rear sun-shades, and destination.
Habberstad BMW Pricing Policy:
DEAL NO.: 56134
LEASE: 24/12K (best deal)
Taxes upfront:
Monthly Payment: $539.00
Bank fee: $625.00
Tax on Bank fee: $53.91
1st year fees: $45.00
Security: $550.00
Sales Tax: $1,115.73
___________________________
Money Due @ Signing: $2928.64
- Vehicle price includes: destination and delivery costs, pre-delivery inspection and floor mats.
- Vehicle price does not include:state title/registration fees or documentation fees.
Hi Carman, getting ready to lease a 330i now that the rates are lower (I almost finalized last time; rates wnet up as soon as I decided). Would appreciate if you could help out with the expected payment for below configuration:
I am willing to put in 7 MSDs to get the buy rate of .00195 down. Please let me know if there are any other fees that I mught have to pay, also if there are some fees I need to be careful of.
Sorry, forgot to mention terms. 15 miles per year - 3 year lease....
"Hi Carman, getting ready to lease a 330i now that the rates are lower (I almost finalized last time; rates wnet up as soon as I decided). Would appreciate if you could help out with the expected payment for below configuration:
I am willing to put in 7 MSDs to get the buy rate of .00195 down. Please let me know if there are any other fees that I mught have to pay, also if there are some fees I need to be careful of.
thanks car_man here is the deals I have. 1st choice 330 ci convertible. 36/12k miles 60% residual money factor .00185 44900 - manual trans. 800- sport pakg 1800 - alpine white 800 - black leather 1800 - navi 800 - xenon ------- 50900 - total
699 1st month 700 refundable security 195 dmv 725 bank fee 173.50 doc fees -------- 2492.5 out of pocket.
What should i pay for a lease . I am looking at the following BMW 330i with auto transmission, Active steering , comfort access, parking distance , premium package,
The MSRP seems to be 43,345/- and the Invoice is 39,700
I am looking at 36 months and 12 k mileage
I am planning on putting down 7 Sec deposits
Car _ Man , what should be the finance rate(MF) with this 7 deposits and what is the MF with 1 sec deposit
I am in NJ and plan on buying immediately. I tried doing calculations on leasing guide calculator with .0024 , i got a price of $360/- PM with 5k down and $475/- with zero down and .00195 M factor. These were inclusive of tax and at a buying price of $41000/-
Pls advice at the very earliest , i am awaiting advice from you guys
Carman, KYFDX, or anyone, Great info about the current reduced money factor rates. Just a question, I just signed a lease about a week ago at the higher rate (I signed on .00265), do I have a recourse of re-financing under the new lower money factor rate which would mean a much lower payment? Thanks.
I just got back from the dealership today and was looking at a lease for the 2006 330i (with prem, navigation, comfort access, sport, and auto) and these are the terms with BMW FS:
MSRP: 45420 (salesperson did not negotiate pricing for lease)
36mos with 12k miles/yr rate: 0.00250 residual: 0.64 ($29068) acquisition: 825 tax: (7.75% for payments - Orange County, CA) govt fees: 356.75 doc fee: 45 security dep: 700
I haven't signed a contract for the car, but the dealer is doing a trade for it...am I getting taken advantage of? Can I still negotiate my terms? This is my first car out of school and I have never leased before. Please let me know.
Actually, the dealer is Crevier. Do you think I should re-negotiate with a higher mileage? I've already placed a $1000 deposit for them to get the car from another dealer.
OK, a South Bay Area dealers promised to do $1000 over invoice and whatever terms BMWFS is offering. So given that, what should be the drive off and monthly terms for say a 3-year, 10k mile per lease?
330i $30975 Steptronic $1210 Comfort Acc. $455 Power Rear Shade $525 Premium Package $2640 Destination $695 ========== Total Invoice $36500
Dealer Profit $1000
==========
Total Base: $37500
Second, there's been some whispers about what the July MF and residuals would be, as well as the possibility of lowering the MF even further with up to 7 security deposits?
How much would those be each and how lower would the MF be?
Assuming this dealer gives me the BMWFS buy rates?
Hello anaarc. You never mentioned the selling price or MSRP of the car that you are interested in leasing. These are important numbers for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing this car's selling price in relation to its MSRP you don't know how much of a discount you are getting on it. The second reason is that one needs the selling price and MSRP, including the destination charge, of a vehicle to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what these numbers are.
Welcome DNA1. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
I would be happy to give you my opinion of this deal, but I need some additional information from you in order for me to do so. The most important numbers to know when leasing are your vehicle's selling price and the money factor that was used to calculate its monthly payments. These are the two main profit centers for dealers. Find out these numbers, along with this car's full MSRP, and I'll tell you what I think.
Hi 03accordman. It is always good to know what the dealer invoice price of the vehicle that you are interested in is because it shows you how good a price you are getting it for. However, I need you to provide me with its MSRP to calculate a payment on it. Let me know, along with how long you want to lease it for, and how many miles per year you need to be able to drive it and I'll estimate a payment for you.
You're welcome, stikman140. It looks like the dealer that you are working with is marking these cars' acquisition fees, but their money factors are right in line with BMW Financial Services' current buy rates...which is a good thing. BMW FS' current base lease acquisition fee is $625. It appears as though there is $100 mark-up going on there. I take it that the prices that you mentioned are these cars' selling prices. You need to compare them to their MSRPs or dealer invoice prices to see how much margin the dealer is making. You should be able to get an idea of how much you should pay for these models right now by stopping by this discussion: "BMW 3-Series: Prices Paid & Buying Experience".
Hi there Vaynu. BMW Financial Services' current 36 month buy rate lease money factor for the 2006 330i is .00195 with the payment of one security deposit. When one takes into account the seven additional deposits that you want to make, it lowers this factor to .00146 [.00195 - (.00007 * 7)]. Using a selling price of $41,000 and an MSRP of $43,345, I estimate that this car's 36 month, 12,000 mile per year, zero down, pre-tax monthly payment should be around $469 with the seven additional deposits.
"Hi 03accordman. It is always good to know what the dealer invoice price of the vehicle that you are interested in is because it shows you how good a price you are getting it for. However, I need you to provide me with its MSRP to calculate a payment on it. Let me know, along with how long you want to lease it for, and how many miles per year you need to be able to drive it and I'll estimate a payment for you"
Hi Carman, thanks a lot. Below are details of the car.
330i Auto, Prem, heated seats, rear sunshade MSRP - $40,148 Invoice - $38,800 Dealer selling price - $39,500 Lease term: 36 months Mileage allowance: 15K miles per year
I am willing to go the 7 MSD route, dropping the MF accordingly.
I really appreciate yor help.
PS: I am hearing that post Sep 06, the 330i sedan will be replaced by a 335i, do you anticipate any further discounts around that time on teh 330i?
I locked in the Money Factor when I ordered my Car last month. I will be taking delivery this month and I saw that the Money Factor has dropped. Can I make the dealer lower the MF to the current rate?
Just a note, I was at a dealer working a price on a 325ci for a 36 month lease. She mentioned the residual value on a 24 month lease was "on special" and at 72% (24 month, 12k miles) the payment was the same as a 36 month (60% residual, 12k miles). If you are adding a cap reduction, the money goes a lot further spreading it over just 24 months.
I am going to go with the 24 month lease with the intention of leasing another one when the new style is out (whenever that might be).
Went to my local dealer today; they had 2 330i sedans in stock; none had the config I wanted. They told me that they have stopped taking orders and will start taking orders in late July for the new 328 and 335 Sedans (which I believe are going to be $3k more). I am now scouting around at other dealers so see if I can find the car of my choice.
Carman, if you could post the lease pymt details as mentioned in my last post; I would really be able to turn the heat on this. Thanks
$2500 down to include: $1191.23 Cap Cost $479 1st mo. pmt $150.00 initial license fee $38.89 sales/use tax $83.38 sales tax on cap $468.50 FL fees $489 who knows what- not detailed
shows agreed upon value is $32,130 in parenthesis but on line item shows $32,955.24 (Later I see this is 1st # plus $825 acquisition fee...??? = $32,955) -cap cost $1191.23 adj. cap cost = $31,764.01 residual value $21,388.80 depreciation & any amortized amnts $10,375 rent charge (what is this?) $5,740.55 total of base mo pmt $16,115.76 base mo pmt = $447 tax = $31 =mo pmt = $479
HELPPPP--- urgently need help...!!! THANKKKKKSSSS...anyone help..I have to pick up this car tomorrow as I am carless. THANK YOU.
Hi CarMan...or to anyone else who can offer advice,
I'm new to this forum and have found it to be a huge help in understanding the 'art' of leasing...wondering if you could look over the deal below and tell me what you think... '06 330xi MSRP $46,420 Selling price $44,600 36 mo 12K Lease $0 down aside from first payment and security deposit Residual was stated at 63% Money Factor quoted at 0.0215 $647/mo including 6% sales tax
$522 per month, incl NJ tax 6% - (3 yrs, 15k miles/year) I am putting in 7 MSDs, so a total of 8. Out of pocket is $6000, including $4400 security deposit (8 deposits).
Please let me know what you think of this deal; I am ready to pull the trigger.
Hi Carman, I want to lease a 330i with Premium, cold weather, sport and comfort access. The MSRP is 47,795 and the money factor used was .000195. Is 550 a good lease or it can be better? The dealer invoice on the car is 43,780 and if I understand some of the posts I have read the dealer makes money even if they sell it for invoice. Please help I'm 22 and leasing a car for the first time. Thanks
Hi Carman, I've done some more shopping and talked to a few more salesmen to learn some more about leases. They're really reluctant to give out any numbers. I live in the L.A. area and I guess they don't want me to just take whatever they're offering and comparison shop. Anyways, I the salesman I talked to today told me that it doesn't make a difference whether I wait until September or October and try to negotiate a better selling price when I'm leasing. According to him, the money factors and residual values will adjust so that whatever savings I make from the selling cost will reduced to zero. Is this true? Basically he was saying that lease money factors will increase in September and October and residual values for 2006 vehicles will go down. If it's true, that's too bad. I thought I could get the best possible deal by doing some research now before finally leasing the car in the Fall.
Hi carman, What a great resource you provide here! Kudos! I have a 2005 MINI Cooper S I want to trade for an '06 330i. The laws here in WA state favor you to consider trading your car in since I would get a credit for the tax I paid when I bought it, making a tradein competitive with trying to sell it on my own. (about a $2000 credit in my case). I have read online that it is not advisable to trade in a car to get into a lease but don't know why. I have about $10,000 equity on my MINI which would allow me to lease a 330i for close to what I am paying now on my MINI. What are your thoughts on this?
I am interested leasing 2006 325i, this is the quote from the dealer in NYC, any suggestions?
2006 Sparkling Graphite Metallic 325i with Steptronic, Power Front Seat and Heated Seat (package A22,205,459,494 abd 693)
she give me 2 quotes:
$516.68 after tax per month for 12K miles and 36month lease with Zero down. $1660.00 due at signing.
$414.00 after tax per month for 12K miles and 24 month with $3000 down and total due at siging is $4500.00
RE: 330i it is including Steptronic, Cold Weather package the quotes is $552.00 per month after tax 12K miles, 36 month, zero down and $1660.00 due at signing
$452.00 per month after tax 12k miles, 24 month, $3000 down and total $4500.00 due at signing.
dealer mention told me she waived the security deposit and residual value is 61%.
Carman, I have finally gotten around to leasing the car I asked you about on June 29th. So the 330i I am looking at has a MSRP of $43865.00. What is a reasonable cap cost reduction price on this car and what would my payments be on a 36 month 15K lease using the BMW enhanced lease program?
I know there is more to consider than just monthly payments. I am looking at a 2006 325ci in Lexington, KY. I was quoated $399/mo, $2,500 at signing. The sticker price was $42,000 (I believe). This sounds good to me. But from what I'm reading here, there are some #'s missing that are important. The salesman said that at the end of the 36 mo, I could return the car and get another one, sell it or buy it and keep it. I've heard horror stories about people owing more on their leased cars at the end of the lease than they're worth (residual?). How do I keep that from happening?
My employer would be leasing the car for me to use. Who pays for the insurance? Can I get the insurance cheaper than my employer? Or can I insure a car that's not in my name?
I'm brand new to this, so please forgive my ignorance. I liked the idea that BMW has that special maintence program which will help me with everything but tires and gas (so I'm told by the salesman). He said I could buy tire and rod insurance for around $335, I think he said. I'm not sure if that was "per year" or for the life of the lease. He said that this insurance would pay for itself in one ruined tire because the tires are very expensive. Is this true? Would this insurance be a good idea?
As an older woman, I don't want to be "taken to the cleaners" just because I'm a girl. So I appreciate any help you could give me. Sunny
Wco81, BMW Financial Services charges a security deposit that is equivalent to vehicles' monthly payments rounded up to the nearest $50 increment. Be careful when calculating the cost of a European Delivery lease. I believe that BMW Financial Services uses different money factors for vehicles that are delivered through its European Delivery program rather than picked up normally.
You're welcome, 03accordman. Thanks for the additional information. So you are getting this car for $700 over dealer invoice. That is a fair price. Using the prices that you mentioned in your post, an MSRP of $40,148 and a selling price of $39,500, I estimate that the zero down, pre-tax monthly payment for a 36 month lease of a 2006 BMW 330i through BMW Financial Services with 15,000 miles per year should be around $532. If you were to make 7 additional security deposits, this car's money factor would drop by .00049 and the payment for an otherwise identical lease would fall to around $500.
It is difficult to say what BMW's future lease program will be like on this car. I am sure that dealers will probably begin to discount 2006 models more once the 2007 3-Series is available and BMW may even introduce dealer cash to help dealers unload their leftover models, but this does not necessarily mean that this car's lease program will be better. That late in the model year it is entirely possible that its lease program will actually be worse. Only time will tell for certain what will happen.
Yes, Rich, even though you locked in the money factor on your car when you ordered it you should be able to take advantage of BMW's new, improved lease program for it. Just make sure to talk to your dealer about it because they may not automatically lower your vehicle's lease payment.
Hi brianm4. The money factor that you were quoted is way too high. BMW Financial Services' current buy rate lease money factor for a lease of a 2005 BMW 325Ci for up to 42 months is only .00100 for consumers who pay a security deposit and acquisition fee at lease signing. Make sure to insist that the dealer that you get your car from uses the buy rate money factor to calculate its monthly payment.
Here's the information that you are looking for, shehzy. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2006 325xi with 12,000 miles per year are .00250 and 63%, respectively. The numbers for an otherwise identical lease of a 2006 330xi are .00175 and 63%. To the best of my knowledge the 2007 3-Series is not available yet and BMW has not published a lease program for it.
Welcome inguy. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
Let me begin by saying that the money factor that you were quoted for this car is too high. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2006 BMW 330xi is only .00175 for consumers who pay a security deposit and acquisition fee at lease signing (or have the acquisition fee added into their car's capitalized cost).
The selling price that you were quoted for this car appears to be around $1,500 over dealer invoice, perhaps a little more. Have you tried shopping around at all. There is some room there so it probably wouldn't hurt to see if you can get this car from a different local dealer for less. There's no guarantee that you will be able to, but since you have $1,500 to play with it wouldn't hurt to try. Make sure to stop by the following discussion to see how much other community members have paid for similar cars lately: "BMW 3-Series: Prices Paid & Buying Experience".
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Car_man
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What would be my lease numbers then for 330i MSRP $41120.00
invoice $37710.00 ... dealer is offering $1000 over invoice.
330i
Jet Black
Automatic
Premium
Park Distance Control
tax in NYC: 8.65% ??
36 months 12K/year
Let me know.
Car_man
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I am going to lease a car for the first time.
this is the deal that I am getting from a BMW dealer. Please advise me on how to get the most out of this. My credit score is 736
Year: 2006
- Model: 330XI Silver
- Special Options: Automatic transmission, Premium package, Navigation, Heated seats, Rear sun-shades, and destination.
Habberstad BMW Pricing Policy:
DEAL NO.: 56134
LEASE: 24/12K (best deal)
Taxes upfront:
Monthly Payment: $539.00
Bank fee: $625.00
Tax on Bank fee: $53.91
1st year fees: $45.00
Security: $550.00
Sales Tax: $1,115.73
___________________________
Money Due @ Signing: $2928.64
- Vehicle price includes: destination and delivery costs, pre-delivery inspection and floor mats.
- Vehicle price does not include:state title/registration fees or documentation fees.
- Vehicle availability: 6-8weeks
Thanks
DNA1
3301
Invoice 38,800
Dealer agreed selling price: 39,500
I am willing to put in 7 MSDs to get the buy rate of .00195 down. Please let me know if there are any other fees that I mught have to pay, also if there are some fees I need to be careful of.
Thanks a lot
"Hi Carman, getting ready to lease a 330i now that the rates are lower (I almost finalized last time; rates wnet up as soon as I decided). Would appreciate if you could help out with the expected payment for below configuration:
3301
Invoice 38,800
Dealer agreed selling price: 39,500
I am willing to put in 7 MSDs to get the buy rate of .00195 down. Please let me know if there are any other fees that I mught have to pay, also if there are some fees I need to be careful of.
Thanks a lot"
1st choice 330 ci convertible. 36/12k miles 60% residual money factor .00185
44900 - manual trans.
800- sport pakg
1800 - alpine white
800 - black leather
1800 - navi
800 - xenon
-------
50900 - total
699 1st month
700 refundable security
195 dmv
725 bank fee
173.50 doc fees
--------
2492.5 out of pocket.
2nd choice 325ci convertible. 36/12k miles 60% residual money factor .00175
39600 - manual trans.
1200 - sport pakg
1800 - navi
800 - xenon
1200 - performance package
675 -HK
695 - dest.
1450 - leather
-------
47420 - total
672 1st month
600 refundable security
195 dmv
725 bank fee
173.50 doc fees
--------
2365.5 out of pocket
thanks for your help.
BMW 330i with auto transmission, Active steering , comfort access, parking distance , premium package,
The MSRP seems to be 43,345/- and the
Invoice is 39,700
I am looking at 36 months and 12 k mileage
I am planning on putting down 7 Sec deposits
Car _ Man , what should be the finance rate(MF) with this 7 deposits and what is the MF with 1 sec deposit
I am in NJ and plan on buying immediately. I tried doing calculations on leasing guide calculator with .0024 , i got a price of $360/- PM with 5k down and $475/- with zero down and .00195 M factor. These were inclusive of tax and at a buying price of $41000/-
Pls advice at the very earliest , i am awaiting advice from you guys
Thanks
Vaynu
15,000 mi/36 mo.
325i .0027 62%
330i .00215 62%
525i .00245 60%
530i .00245 60%
Is this the enhanced lease terms Car_Man was referring to or just what BMW will have for the whole month of July?
Great info about the current reduced money factor rates. Just a question, I just signed a lease about a week ago at the higher rate (I signed on .00265), do I have a recourse of re-financing under the new lower money factor rate which would mean a much lower payment? Thanks.
If so, then you have what you have...
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I just got back from the dealership today and was looking at a lease for the 2006 330i (with prem, navigation, comfort access, sport, and auto) and these are the terms with BMW FS:
MSRP: 45420 (salesperson did not negotiate pricing for lease)
36mos with 12k miles/yr
rate: 0.00250
residual: 0.64 ($29068)
acquisition: 825
tax: (7.75% for payments - Orange County, CA)
govt fees: 356.75
doc fee: 45
security dep: 700
I haven't signed a contract for the car, but the dealer is doing a trade for it...am I getting taken advantage of? Can I still negotiate my terms? This is my first car out of school and I have never leased before. Please let me know.
:confuse:
a10nisdude
There are so many BMW dealers around, you could certainly find a much beter deal.
First what the prices should be:
325i $26150
Steptronic $1210
Comfort Acc. $455
Xenons $730
Power Rear Shade $525
Premium Package $2640
Destination $695
==========
Total Invoice $32405
Dealer Profit $1000
==========
Total Base: $33405
330i $30975
Steptronic $1210
Comfort Acc. $455
Power Rear Shade $525
Premium Package $2640
Destination $695
==========
Total Invoice $36500
Dealer Profit $1000
==========
Total Base: $37500
Second, there's been some whispers about what the July MF and residuals would be, as well as the possibility of lowering the MF even further with up to 7 security deposits?
How much would those be each and how lower would the MF be?
Assuming this dealer gives me the BMWFS buy rates?
Car_man
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Car_man
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Car_man
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I would be happy to give you my opinion of this deal, but I need some additional information from you in order for me to do so. The most important numbers to know when leasing are your vehicle's selling price and the money factor that was used to calculate its monthly payments. These are the two main profit centers for dealers. Find out these numbers, along with this car's full MSRP, and I'll tell you what I think.
Car_man
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Car_man
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Car_man
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Car_man
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What about for an ED selling price of $36,860 ($1000 over ED invoice) for 3 years, 10k per year, zero down?
The Edmunds calculator gives 547.61 which includes 8% tax. That is assuming 62% residual and the .00146 MF.
How can that number be higher than your number for a car whose selling price is almost $5k more?
Hi Carman, thanks a lot. Below are details of the car.
330i Auto, Prem, heated seats, rear sunshade
MSRP - $40,148
Invoice - $38,800
Dealer selling price - $39,500
Lease term: 36 months
Mileage allowance: 15K miles per year
I am willing to go the 7 MSD route, dropping the MF accordingly.
I really appreciate yor help.
PS: I am hearing that post Sep 06, the 330i sedan will be replaced by a 335i, do you anticipate any further discounts around that time on teh 330i?
Thanks,
Rich
I am going to go with the 24 month lease with the intention of leasing another one when the new style is out (whenever that might be).
2006 325xi 12K miles/yr, 3 yrs residual % and money factor
2006 330xi 12K miles/yr, 3 yrs residual % and money factor
2007 325xi 12K miles/yr, 3 yrs residual % and money factor
2007 330xi 12K miles/yr, 3 yrs residual % and money factor
Thanks!
Carman, if you could post the lease pymt details as mentioned in my last post; I would really be able to turn the heat on this. Thanks
Lease 2006 325ia: metallallic paint; 10K miles/yr; 36 months
$2500 down to include:
$1191.23 Cap Cost
$479 1st mo. pmt
$150.00 initial license fee
$38.89 sales/use tax
$83.38 sales tax on cap
$468.50 FL fees
$489 who knows what- not detailed
shows agreed upon value is $32,130 in parenthesis but on line item shows $32,955.24 (Later I see this is 1st # plus $825 acquisition fee...??? = $32,955)
-cap cost $1191.23
adj. cap cost = $31,764.01
residual value $21,388.80
depreciation & any amortized amnts $10,375
rent charge (what is this?) $5,740.55
total of base mo pmt $16,115.76
base mo pmt = $447
tax = $31
=mo pmt = $479
HELPPPP--- urgently need help...!!! THANKKKKKSSSS...anyone help..I have to pick up this car tomorrow as I am carless. THANK YOU.
I'm new to this forum and have found it to be a huge help in understanding the 'art' of leasing...wondering if you could look over the deal below and tell me what you think...
'06 330xi
MSRP $46,420
Selling price $44,600
36 mo 12K Lease
$0 down aside from first payment and security deposit
Residual was stated at 63%
Money Factor quoted at 0.0215
$647/mo including 6% sales tax
Thanks in advance for your help.
330i Auto, Prem, heated seats, rear sunshade
MSRP - $40,148
Invoice - $38,800
Dealer selling price - $39,500
Lease term: 36 months
Mileage allowance: 15K miles per year
I am willing to go the 7 MSD route, dropping the MF accordingly.
I really appreciate yor help.
PS: I am hearing that post Sep 06, the 330i sedan will be replaced by a 335i, do you anticipate any further discounts around that time on teh 330i?"
Hi carman,
I got the following quote for the above for a 3yr/45k mile lease.
330i, auto, prem pkg, heated seats, rear sunshade, sparkling graphite, beige leather; MSRP 40, 148.
$522 per month, incl NJ tax 6% - (3 yrs, 15k miles/year)
I am putting in 7 MSDs, so a total of 8. Out of pocket is $6000, including $4400 security deposit (8 deposits).
Please let me know what you think of this deal; I am ready to pull the trigger.
I want to lease a 330i with Premium, cold weather, sport and comfort access. The MSRP is 47,795 and the money factor used was .000195. Is 550 a good lease or it can be better? The dealer invoice on the car is 43,780 and if I understand some of the posts I have read the dealer makes money even if they sell it for invoice. Please help I'm 22 and leasing a car for the first time.
Thanks
I've done some more shopping and talked to a few more salesmen to learn some more about leases. They're really reluctant to give out any numbers. I live in the L.A. area and I guess they don't want me to just take whatever they're offering and comparison shop.
Anyways, I the salesman I talked to today told me that it doesn't make a difference whether I wait until September or October and try to negotiate a better selling price when I'm leasing. According to him, the money factors and residual values will adjust so that whatever savings I make from the selling cost will reduced to zero. Is this true? Basically he was saying that lease money factors will increase in September and October and residual values for 2006 vehicles will go down.
If it's true, that's too bad. I thought I could get the best possible deal by doing some research now before finally leasing the car in the Fall.
What a great resource you provide here! Kudos! I have a 2005 MINI Cooper S I want to trade for an '06 330i. The laws here in WA state favor you to consider trading your car in since I would get a credit for the tax I paid when I bought it, making a tradein competitive with trying to sell it on my own. (about a $2000 credit in my case). I have read online that it is not advisable to trade in a car to get into a lease but don't know why. I have about $10,000 equity on my MINI which would allow me to lease a 330i for close to what I am paying now on my MINI. What are your thoughts on this?
I am interested leasing 2006 325i, this is the quote from the dealer in NYC, any suggestions?
2006 Sparkling Graphite Metallic 325i with Steptronic, Power Front Seat and Heated Seat
(package A22,205,459,494 abd 693)
she give me 2 quotes:
$516.68 after tax per month for 12K miles and 36month lease with Zero down. $1660.00 due at signing.
$414.00 after tax per month for 12K miles and 24 month with $3000 down and total due at siging is $4500.00
RE: 330i
it is including Steptronic, Cold Weather package
the quotes is
$552.00 per month after tax 12K miles, 36 month, zero down and $1660.00 due at signing
$452.00 per month after tax 12k miles, 24 month, $3000 down and total $4500.00 due at signing.
dealer mention told me she waived the security deposit and residual value is 61%.
is that a good offer?
please advsie.
ERIC
My employer would be leasing the car for me to use. Who pays for the insurance? Can I get the insurance cheaper than my employer? Or can I insure a car that's not in my name?
I'm brand new to this, so please forgive my ignorance. I liked the idea that BMW has that special maintence program which will help me with everything but tires and gas (so I'm told by the salesman). He said I could buy tire and rod insurance for around $335, I think he said. I'm not sure if that was "per year" or for the life of the lease. He said that this insurance would pay for itself in one ruined tire because the tires are very expensive. Is this true? Would this insurance be a good idea?
As an older woman, I don't want to be "taken to the cleaners" just because I'm a girl. So I appreciate any help you could give me.
Sunny
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It is difficult to say what BMW's future lease program will be like on this car. I am sure that dealers will probably begin to discount 2006 models more once the 2007 3-Series is available and BMW may even introduce dealer cash to help dealers unload their leftover models, but this does not necessarily mean that this car's lease program will be better. That late in the model year it is entirely possible that its lease program will actually be worse. Only time will tell for certain what will happen.
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Let me begin by saying that the money factor that you were quoted for this car is too high. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2006 BMW 330xi is only .00175 for consumers who pay a security deposit and acquisition fee at lease signing (or have the acquisition fee added into their car's capitalized cost).
The selling price that you were quoted for this car appears to be around $1,500 over dealer invoice, perhaps a little more. Have you tried shopping around at all. There is some room there so it probably wouldn't hurt to see if you can get this car from a different local dealer for less. There's no guarantee that you will be able to, but since you have $1,500 to play with it wouldn't hurt to try. Make sure to stop by the following discussion to see how much other community members have paid for similar cars lately: "BMW 3-Series: Prices Paid & Buying Experience".
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