BMW 3-Series Lease Questions

msavius

325i with prem package, auto transmission & xenon, satellite prep
MSRP - 36645
invoice - 34700

36 month - 15k miles
$534 perm month

$1305 (1st month + sec depost + license fee)

03accordman

Hi Carman/Kydfx, you would recall you helped me in determining lease payments for my 2006 330i (15k/36 months). The situation is that the car is still not delivered (en-route) and at the time of ordering the car the MF was .00195, which I reduced further using 7 MSDs. It now looks like BMW FS has reduced the base MF to .00175, can I get this rate rather than the .00195 I have on the order form, since the car is not delivered yet? Should I re-negotiate with the dealer? Do let me know; the car is expected to come in on the 20th.

kyfdx

The dealer certainly has the option of using the current program, rather than the one in place when you ordered your car..

That they gave you the base rate initially, is a good sign that they will probably agree to it.. I'd call ahead of time (today?) to let them know that you know... and that you expect to get the lower MF..

Should lower the payment by around $15/mo.. easy money..

03accordman

Thanks Kyfdx; I called the CA and he readily agreed to reduce it to the new lease rate.

And thanks to you; when I went in the first time, I had all the info in my hand and made sure they knew, so they did not try to go for a higher MF than the base rate.

looking forward to joining the club!!!

ms2009

Just wanted to find out if this was a good deal:

325i (manual w/ heated seats and satellite radio prep)
MSRP: 32170
TMV: 30,745
Offer: 30,370
Money factor: .00245
36 month lease/12K miles/63% residual
Monthly lease rate: $465 (including sales tax)
Acquisition fee: $825

Seems like the money factor is steep after seeing the above discussions. Do money factors vary from region to region? Where would I find BMW's official base MF on-line? I'm assuming I should be paying no higher than .00175 for the MF? Is that right? Also, is the acquisition fee high?

03accordman

Dear Kyfdx, someone on the other BMW site told me that the MF for the 330i is still .00195 and not .00175. Do you have any info? Model detail is 2006 330i, 3yr/15k mile lease. Thanks.

tdbrph

I have confirmation from someone who just signed a lease last week it is 0.00175.

Triston

kyfdx

Ditto... Not that I have inside information, but I've heard from more than one source that the MF on the 330i is .00175 for August..

qs0922

Hello BMW hosts....I have a question concerning qualifying for the Base MF. Are they looking at Tier 1 type credit, or does your credit score have to fall within a range. I ask because while my credit scores are good, they're not excellent, and I don't want them to use it as any type of excuse when haggling in the negotiation stages. Oh, love all of the insights. I've definitely learned quite a bit from these posts.

kyfdx

As of right now.... BMWFS works on a pass/fail system.. So, there aren't credit tiers.... It's been reported that this may change in the future...

If you qualify, you qualify..

To get the base rate, you'll have to make a security deposit.. The dealer can mark up the base rate by up to .0004 for extra profit, but that has nothing to do with your credit rating..

sks854

Talking to dealer re 06 325 convert, he is offering .00175 MF for August...my current lease expires Oct 1...do you think rates on converts will hold for Sept?

73ss

not sure if this is posting in the right spot but...

carman,
my wife and i are going to look at a 2006 325i and 330i lease. i'm leaning towards the 330i. regardless of the msrp (options), what EXACTLY should i be looking for? i'm not very lease-savy and i dont' want to get screwed. i've talked to a couple dealers and they're acting like a $600 discount on the '06 is doing me a favor. seems to me that the '07's are right around the corner, no?

i would really appreciate some tips or just point me to a good discussion as i'm sure you've had to answer this before.

thank you,

73ss

just an update... this sounds like a bad deal, and let me preface it with the fact that i don't have all the #'s but i was quoted this over the phone:

325i msrp = $34,415, $1,056 out of pocket for 1st payment, registration, plates, etc...

36mo/15k for a $591 + FL tax.

doesn't sound like there's a discount off msrp. i can't help feelin' like i'm getting screwed no matter which way i turn. any ideas?

qs0922

It looks like $1400 or so over invoice is what I'm being offered. I'm being told that $1000 over invoice is not an option. I even had one dealer tell me about $700 in misc. prep fees. Are they just being hard to deal with? I'm seing all over this site where $750-$1000 over invoice is readily available.

stang98sc

Can someone tell me the money factor and depreciation on a 24 month and a 36 month leases with 12k miles.

MSRP: $41,095

leeshuck

I am considering reducing my transportation expenses by buying then selling or having someone assume the lease for a 2004 M3 convertible. The M3 is leased through BMW Financial Services and I am about half way through my 42 month lease.

My lease documents indicate that only I can purchase the vehicle from the leasing company. I assume this means I would have to pay Calfornia state sales tax when I do this, so buying and then immdeiately selling the car does not seem very appealing.

Is there another option for purchasing and immediately reselling the vehicle? If I roll this into the acquisition of another vehicle through a dealer, do I have different options?

I read about companies that match people wanting to get out of leases early with parties that are interested in picking up the lease - do you have any advice about or experience with this?

Any other advice is appreciated.

Thanks,

Lee

msfitnetz

I understand that dilemma . I am actually considering taking over a short term lease. I checked www.leasetrader.com and www.swapalease.com they both appear to be very reputable. Sorry I am NOT on west coast and not in market for an M3. I am looking for a 325xi sedan or 330xi sedan (prefer steptronic but have yet to try manual). If anyoen has a short term lease on East coast or close to I might be intrested. I am pre-qual'd with BMW financial since I was also considering an '06 or '07 also.

storrnyc

Hello

I was thinking about a GTI lease but was looking at the Money Factor and residual on these BMWs and couldnt miss the opportunity of some learnings.

If i went for a 2006 325i with a MSRP of $32870(which is base price + automatic) id assume that i should be able to get a price of $31300. I used a residual value of 63% and MF of 0.00175(is that correct?) My spreadsheet then spits out a monthly payment of $385(before tax). Am i right/wrong?

Appreciate any help.

qs0922

Hello All,
Do we know if the lease rates are going to go up or down for next month? I'm positioned now to make a run at a 3 series, but was wondering if I should wait until next month.

tangochaser

Hi, I am looking to lease a BMW 325I and this is the quote i am getting from the dealership. The MF seems very high. Can someone please help and advise if this is very high. Thank you.

The following are the figures that we can offer you for the purchase of a new BMW 325. I do have to say that some of the aspects of your specifications don’t seem to jive with what we are able to do. For instance, the lease factor that you quoted is below our buy rate. So the rate we’re using will be slightly higher. (.00245). The good news is if you move fairly fast we will be able to secure you a vehicle that is exactly as you indicated in your email. It has an M.S.R.P. of $36,320, and equipped as follows.



----- Monaco Blue Metallic

----- Gray Dakota Leather



----- Premium Package

----- Steptronic Automatic Transmission

----- Satellite Radio Prep.



We will be able to offer you a $1,000 discount on the vehicle. When we have only 7% profit to work with, and still have to secure the vehicle from another dealership, there really isn’t any motivation to trade one of our inventory vehicles for a car deal with a very small profit margin. This vehicle is still at the port, so there won’t be any additional charge for getting the vehicle here to the dealership.



The following is a re-cap of the numbers that we will be able to do for you.



----- Sale Price…………………………………………………….. 35,320

----- Residual ……………………………………………………… 22,881

----- Lease Factor ………………………………………………… .00245

----- Total Due at Delivery …………………………………………. 4741,84 (Cap Reduction plus Lease Fees)

----- Monthly Payment …………………………………………….. 447.84 (including tax)



Let me know what you think. I will be at the dealership tomorrow Saturday, but you can contact me on my cell phone anytime.



Thank you,

macdad

The BMW website has lease examples for both cars. Any idea what the MF and Residual for both

macdad

tangochaser

The residual they are quoting is 63% and the MF is .00245. Just looking at one car the 325I with premium package, automatic and sirrius pre-wire. Thanks

mah4546

Hi guys,

I'm in the market for a new car. I'm looking at a variety of vehicles in the $35-$42k range, and I'm pretty much down to the IS 250 AWD, Volkswagen Eos 2.0T, and BMW 325xi Sport Wagon (yes, I know, the three are entirely different vehicles).

Anyway, any idea of what kind of deals (lease or purchase) I can get on a 3 wagon (with at least premium and navigation)? Or resources where I can find out? Would I be able to pay under invoice, since the wagons are less in demand? I'd like to know before I go to a dealer. I really don't know if I am going to lease or purchase yet. I don't plan on owning it more than 2-3 years, so leasing might work out better.

sikhkd

The new coupe is one fine car, I was about to get a G35 coupe but I thought I would wait a minute and check out how this car is. On the website they have the lease offers starting at $459 which is just amazing, I would have thought the car would range anywhere from 600+ according to the dealer last month. It's 3,459 down and $459 per month for 36 months.

Well I just wanted some advice on whether theres any catch to these lease offers, I've never leased a car before and my infiniti dealer told me that BMW has a deposition fee at the end of the lease.

hjjc

I'll try to make this concise, so as not to confuse anyone, as the finance guy did me. 1) I agreed to lease a car for $39,000. He said it shows up on the paperwork as $40,000 because of the way he typed in the program (money factor, GAP, etc.) That doesn't sound right to me. 2) I felt pressured to buy the maintenance program ($1500) and now want to cancel. He is giving me a hard time because he said it was worked into the lease agreement with the money factor which is calculated into a low interest rate (he said 2.04%). So if I cancel it, he needs to cancel the contract, redo the lease at the higher interest rate. This makes no sense to me & I am wondering if there is anything I can do about it. I bought the car about 2 weeks ago. Any explanation or help would be GREATLY appreciated. Thanks.

kyfdx

1) $39K is $39K, not $40K... GAP is included on BMWFS leases..no extra charge..

2) What kind of maintenance program did you buy? All BMWs have maintenance included at no extra charge for the entire warranty period of 4yr/50K miles.

If you signed for all of this two weeks ago, and have taken delivery of the vehicle, then you are probably out of luck.. If your car hasn't been delivered yet, then you should probably find another dealer..

03accordman

Finally took delivery of a new 330i, prem pkg, sport pks, heated seats, power rear sunshade, sparkling graphite, beige leather. Thanks to the help during the leasing process, especially to KYFDX and Carman, from whom I learnt the ins and outs of leasing.

Looking forward to an exciting 3 yrs with this car; this is my first BMW and hope it lives up to my high epectations.

kad153

Can someone please give me the new lease MFs and residuals (september) for a 330xi?

24month 10k, 12k, 15k
36month 10k, 12k 15k

leeshuck

Thanks for the reply, msfitnetz.

I went to a dealer (not BMW) recently and although the trade-in value for my car is around $44,000 according to the Edmunds used car appraiser, the trade in allowance the dealer quoted was $36,000. I remember having the same experience last time I was shopping for car. Are the trade in values given by the Edmunds car appraiser typically much higher than a dealer will allow?

Can anyone explain the process/details for trading in a car leased through BMW Financial Services when purchasing a vehicle from a dealer? How is the California sales/use tax calculated and paid?

Thanks,

Lee

reloprincess

Hopefully CarMan is online or others who know can assist. Really wanted to lease a 2006 330i this weekend. Have never leased before and feel like after reading this post that the sales manager was blowing smoke up our new car tail pipe:)
We were told the 330i MF ratio was "set" even though they had a better rate earlier in the year when someone we know leased from them. The rate we were quoted was .00205 with $2500 up front and no explanation to all the terms of the lease. Can someone help us understand how this should work? Also any reason to lease 2007 instead or 2006?
Thanks

eds1300

I'm getting internet quotes on money factor of .00265($3269 down) with 1,000 over invoice and .00335($1,600 down) with 500 over invoice on a 325i. Both dealers e-mail me without money factor, just monthly payment based on sales price, residual, term and the msrp. The .00335 stated .00195 on the phone, but when I called to request an e-mail with the lease breakdowns he wrote down the monthly payment which equated to .00335 money factor. Another cheezy bait and switch that some BMW dealers are using to attract potential customers.

msfitnetz

No Problem Lee,
And you know dealers ALWAYS have the need to make money so they may LIST your car for that appraised but will buy as low as possible.
I might have located a lease on leasetrader. I will keep you posted to let you know how easy of a transfer process it might be. But seems like a great option for NOT losing when you need and want to get out.

You also might want to see if you can sell yourself if you have the time and a lot of equity: www.craigslist.org is a great FREE way to list a vehicle even as a lease transfer.

msfitnetz

Tha tax stuff you asked about . I am clueless :-)

cnote2

I need 325i 36 month 12k mf and residuals asap, making deal this week, i want to go in with the right info. Are august numbers still good? Thanks in advance.

eds1300

There still .00225 for 24 and 36 month. Down payment of 2,500 and drive off of around 3,300.
63% for 12,000, 61% for 15,000, and 64% for 10,000.

cnote2

Thanks eds1300, but why does it require 2500 down to get bmw's base money factor. I have never heard of requiring a down payment of a certain amount affecting the base money factor. I know some companies will lower the money factor for adding additional sercurity deposits. Please explain, i am actuaully heading over to the dealer after work. Thanks again

reloprincess

">I posted questions a couple of days ago but haven't received any information back yet. Hope to make final decisions tomorrow, if possible.
I contacted Sales rep based on other folks info on this site and they revised their first lease offer! New offer is 2006 330i pretty much loaded. Msrp of around 42,900 with price of 39,500 residual of .64 for 10K miles. Utilizing max deposits of 7(totalling $3500)
Monthly payment quote is $440apx. with initial upfront total payment of around $4680.
Please advise is this a good deal should we wait for 2007's?
Also with 15K miles residual drops to .61 and payment becomes apx $480 upfront payment goes to about $4700. Not sure which one if either to take?? Thanks!

reloprincess

cnote 2,
Interestingly enough, we are pricing lease on 330i and our first quote had that same $2500 upfront kiss it goodbye money included. After spending the weekend reading many posts on this site and others we contacted the dealer rep and suggested we would be more interested in security deposits but not upfront money. They changed it around and the price went down by about $35 a month and we assume the deposits will come back to us whereas the cash would never be seen again! Good luck please let us know what deal you get we need help!

eds1300

cnote,

That has been my experience based on quotes from the Bay area dealers. Yes, you would be better off if you had the down payment referred to as security deposit instead of cap reduction. I'm trying to lease one(06 325i, auto, premium, xenon) in the Bay area and a lot of BMW dealers have been playing the bait and switch tactics. Telling me over the phone .00195, then once you ask for it over e-mail it changes.

http://www.bmwusa.com/vehicles/3/2006325iSedan/programs.htm?PanelID=4

CarMan@Edmunds

No problem, roger1111. Enjoy your new ride!

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CarMan@Edmunds

Hello nexuslexus. I do not believe that BMW Financial Services is currently offering 12 month leases on the 3-Series. Its shortest term for its special lease program on this car is 24 months.

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CarMan@Edmunds

Hi msavius. The fact that you mentioned this car's MSRP and dealer invoice price is very helpful, however I really need you to provide me with its selling price in order to give you a detailed assessment of this deal. Also, does the monthly payment that you mentioned include sales tax? If it does not, then you are probably paying around $2,000 over invoice for this car. If you live in an area that has a decent level of competition you shouldn't have much trouble beating that price.

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CarMan@Edmunds

Hi ms2009. Here's an update on this car's lease program in case you haven't leased it yet. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2006 BMW 325i with 12,000 miles per year are .00225 and 63%, respectively. This is a national lease program that does not vary by region. I am not aware of any resource that provides information on manufacturers' lease programs to the general public. You are right about the acquisition fee that you were quoted being marked up. BMW FS' base acquisition fee is only $625.

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CarMan@Edmunds

Hey 03accordman. If you haven't leased yet you may be interested in the fact that on September 1st BMW lowered its 36 month buy rate lease money factor on the 2006 330i to .00150.

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CarMan@Edmunds

Hi sks854. BMW changed its lease program on 3-Series Convertibles for the month of September. It raised its money factors on them and introduced new dealer cash. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2006 BMW 325 Convertible is now .00300. Also, BMW is now providing $2,500 dealer cash on this car. This dealer cash is compatible with leases through BMW FS. Make sure to take it into account when negotiating your car's capitalized cost.

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CarMan@Edmunds

Greetings 73ss. 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.

The dealer that quoted you a $600 discount on a 2006 BMW 3-Series is definitely not doing you any favors. If you are in an area that has a decent level of competition you should not have too much trouble doing better than that on an '06 model right now. 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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CarMan@Edmunds

Here's the information that you're looking for, stang98sc. BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2006 BMW 330Ci with 12,000 miles per year are .00100 and 69%, respectively. The numbers for an otherwise identical 36 month lease of this car are .00100 and 59%.

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CarMan@Edmunds

Greetings storrnyc. This car's lease payment will vary depending upon how long you lease it for and its mileage allowance. You never mentioned either of these variables, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. According to my calculations, if you were to lease a 2006 BMW 325i with an MSRP of $32,870 and a selling price of $31,300 through BMW Financial Services right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $428.

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CarMan@Edmunds

Hi qs0922. I have had an opportunity to take a look at BMW's September lease program. For the most part, it is fairly similar to the August program. I believe that it enhanced its lease support on the '06 330i, introduced lease support on a number of '07 models, and raised its money factors on '06 3-Series Convertibles. The higher money factors on convertibles are because BMW just introduced new dealer cash on them.

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CarMan@Edmunds

Hi tangochaser. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2006 325i is .00225 with the payment of a security deposit at lease signing. As you can see, either the salesperson you are dealing with is lying or they are misinformed. A $1,000 discount is nothing to write home about, but if you are very particular about how you want your car equipped and this is the only one out there you do not have a whole lot of bargaining power.

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CarMan@Edmunds

Hi macdad. I believe that BMW's advertised leases for these cars are for 36 month leases with 10,000 miles per year. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 328i with 10,000 miles per year are .00285 and 64%, respectively. The numbers for an otherwise identical lease of a 2007 335i are .00270 and 64%.

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