Is Pennsylvania a state that taxes a lease on the full selling price of the vehicle? If not, I'm unclear why the taxes are being paid up front. In general, I think it makes more sense to roll it into the lease - if the car is stolen or totaled you will not receive your tax $$$ back, at least to the best of my knowledge.
If there are other dealerships in the Pittsburgh area I would consider shopping around becuase $700 off sticker doesn't seem like that great of deal - other members from the Pittsburgh area might be able to comment further.
Also, I believe the money factor for the 328xi coupe is .001 - it appears that the dealer has marked it up to .0012 for additional profit. While these cars are still pretty "hot" it doesn't seem necessary to only get $700 off sticker and pay an inflated money factor. I think you should press further for the money factor to be .001 and more money off of sticker.
Those are my thoughts - hope this is somewhat helpful.
MSRP $40420 Sale price $39030 Rate .00190 Residual $25464.60 (63%) $2000 out of pocket $528.89 incl tax 36 months (make 35 payments) 12K miles per year
$2000 includes acquisition fees, doc fees, lic fees for first year and First Payment.
This is a Black / Black 2007 328i Sedan with Premium, auto, xenons, navigation.
I tried to calculate a payment based on the FAQ and came to a monthly payment of $561.
Dealer Quoted me a 335i sedan MSRP $46795 Dealer said: purchase price $44,800 money factor .0015 61% residual (3 yr 15k) However, I am being quoted $599 per month with $3700 due at signing (tax, 1st pmt, bank fee and deposit)
I found this lease. I have not done much research about BMW yet so any input will help to make a decision.
328xi coupe (auto, premium package, sunroof, heated seats, XM, smart key) MSRP: ~$44000 Sales price: ~43000 $417/month for 24 months (10,000 miles/year) with $5,000 down. I do not know that tax is included or not, but I assume so. Is this a good deal?
Wondering about wear and tear (what is normal and what is not). I have three small paint chips and one very small car ding. Cost to have repaired is $1300. Debating whether to do it now or wait until I turn it in (which is May). Will I be charged the same amount? Just wondering. Thanks, Jason
just rcvd a qoute for a 328xi sport wagon today(bergan county , NJ dealer). auto trans, sport pkg, silver paint - approx msrp $41k. i was told 449/month, 36 mo, 12k mi/yr. 2500 down. i can only assume with tax, fees, ect, we are looking at 5k out of pocket, but it seems to be $50 less/month then your qoute. now, of course, it seems the 328xi sedan, wagon and coupe all lease differntly with the sedan being bmw's bread and butter car, so it will lease cheaper. i'm sure the "new" coupe will be the highest. overall, it sounds about right. good luck. i am waiting it out some more. i have also read many blogs with serious concerns over the run flat tires.
I received lease quote for 2007 328i coupe through a dealer identified through Costco buying program. Dealer agreed to price car at $1200 over invoice. Residual for 3 years/30,000 miles was 61%; 3 years/36,000 miles 60%. Money factor 0.00125 plus additional .00015 if I was not a recent BMWFS customer. I do NOT have to make a cap reduction. I was told money factor for 07 328i coupe was NOT 0.0010, as has been reported on this forum. Dealer said MF for all-wheel drive coupe was lower. I believe the Southern California lease deal being offered right now through BMWFS for 328i coupe (3 years/30,000 miles/$2500 cap reduction) reflects 0.0010 MF. Can anyone confirm .0010 MF for 328i coupe? Does cap reduction or lack of cap reduction affect MF? And are the residuals I was quoted accurate? Lastly, if anyone's been offered a better deal on cap cost, I'd love to hear about it. Thanks!
Vonrauss, I've had two different dealers in southern California tell me MF for 2007 328i coupe is .00125. My problem is when I analyze the "special lease deal" on the bmwusa.com site, the MF for the base car with auto transmission (MSRP $37,270) has to be .0010 to come up with their monthly payment (assuming I'm doing the calculations correctly). Are your dealers using the BMWFS money factor? Show them the page from the website with the lease offer. HOpe this helps.
Just got back from Stevens Creek BMW in San Jose and here is the info I received.
Current 'Wholesale' MF: .00175 Current 'Dealer' MF: .00215 (specific to this dealership) 60% residual for 12k miles/yr
Internet Sales Manager said the 335i coupe lease special advertised on bmwusa.com takes into account the 'wholesale' MF, and would be impossible to get. I strongly disagree and would like to hear other people's opinion on this. If it is advertised as such, there should be at least some dealers out there who are willing to honor the current promotion. My configuration came very close (actually a little lower) than the config shown on the website for $499/mo.
He would not budge on his price of $500 under MSRP as well as the money factor of .00215.
Get another $1,000 off MSRP and meet him halfway on money factor. If they don't agree, go elsewhere unless you can't find the car from another dealer that fits your timeframe.
I noticed we have new moderators for this board (welcome to the group!). I wanted to find if you/they will be able to get us current residuals and money factors, as the prior moderators were able to do (Car_Man). If not, how do we obtain them? Thanks.
These are the numbers I received TODAY 12/5/06 from Flemington BMW in NJ (tell me what you think):
2007 BMW 328xi Coupe - Cost 5% Over Dealer Invoice (I'm ordering it and they said "dealer invoice to be determined by us at the time of purchase," I know for a base model it's $34,130 - seems a little sketch, I'll have to get more details when I visit)
Does any know the leasing formula SPECIFIC for NJ? Specifically tax calculations regarding where trade-in values, downpayments, & fees are added in, as well as whether the residual is based on MSRP or Capital Costs. Thanks!
Can you provide me with lease information (m.f. and residual) for a 2007 335i sedan. The terms would be 27 months @ 12k miles per year. I live in New Hampshire.
jrmstr33: Which dealer are you referring to as Delaer #2? I am also in the SJ area and am looking to lease the exact car you have described by the end of December. $40998 sounds like they are willing to work with you based on the mostly MSRP quotes I'm hearing of in our area. Also, can you break down your $3500 down into actual costs? Let me know...
They claim they are getting MSRP for this vehicle (Edmunds verifies this). They had no available 335i coupes in stock and this car would have to be ordered. They want me to give them $500.00 to order the car, which they say will arrive in February (maybe).
My questions are:
1. What is the true MF and residual value for this car in my area (South Florida) 2. Are their inception fees reasonable? 3. Do I incur any risk by giving them $500.00 to order the car if they cannot guarantee a delivery within two months, when the offer would expire (not to mention the changing value of my trade - a 2004 G35 Coupe)?
$6152.80 total down (for 571.97/month) seems kind of high for this lease "deal". Thanks for your help in advance.
i just got an offer from a local dealer in ny, equal wheather i pick the sedan or the coupe. I got premium package, steptronic tranny, heated front seats, NAVI, leather, voice activation, real time traffic info. 27 months 15 K MILES/ year. I think that is all.
MSRP is 42,020.... total drive off fees are 5,337.72 by way of 1st payment 445, sec deposit which is also my last payment of 445, 2495 for cap reduction/down payment, ny sales tax 1006.26, ny DP tax ??? 208.96, bank fee 625, other ??? 107.5,
after all, this adjusted cap cost is 38,614.98 (i think the price is only down to 41,109,98 from MSRP)
RV factor 71%, adjusted residual value is 29,834, total depreciation is 8,780
BMW money factor is .00175
SO in conclusion 5,337 down w/ 445 month for this car either couple or sedan whiciever i want (chose jet black/ black interior)
GOOD DEAL OR NO DEAL? please help, first time leasing here, also help me decide couple or sedan, im in a serious business where the clients see my car
Here is the link to all the BMW lease rates. Your dealer gave you the correct residual, but marked up the money factor. Ensure they give you the .00175 money factor. BMW dealers are known for gouging their customers on lease rates.
This is the first time I have considered leasing a vehicle. Need help on whether I am being railroaded with hidden costs. From reading your postings I think that my MF is the highest I seen in reading (these past few minutes)...and I am deeply concerned. I have been going back and forth between 2 dealerships (AL and GA). I am military and live in Georgia with access to my permanent Alabama addy for a home of record. Sale tax in GA is 7% and AL 4%... After playing a little hard ball with both dealers my local dealer in Albany. He contacts me after two days ...with the following for a 328i, w/ prem package, heated front seats:
MSRP: 36,454 Sales price: 34,700 Trade-in Value for 2003 4 x4 Nissan Pathfinder SE: 12,800 Balance due on Pathfinder: $15,777 So the neg equity:$ 2,977 BMW 328i lease is 36 mo/15,000 miles Residual:61% MF:.00247 or .00274 (can't remember which) DP:4500 (includes tax, tag, title, fees, of which I think 2500 cap red, 350 security,).
Payment comes to roughly $525 per month.
Apologize for not having the exacts...I am going off a quote that I left on my desk at work. I was not aware that this site existed! HOPE YOU CAN HELP ME SOON... Scheduled to sit down with the saleperson tomorrow. Thanks.
Take a look at those rates that someone posted in response to my post. There is also a good free excel spreadsheet that you can download here --http://www.carbuyingtips.com/download.htm to plug all the numbers into.
You can email me (jonathan@box2468.com) if you need help filling out.
That is high! you can do better. On a 328i, I got MF = .0023 and residual as 73% for 27 months with 12k miles and negotiated price of 1k over invoice.
1400.00 due at signing with monthly with utah tax as 425.00 per month.
For 36 months on 335i, I got MF = 0.00205 with residual of 63%. Negotiating the price right now so I can drive down my monthly. It's for a 12k miles a year too.
I am an aggresive negotiator plus I only own bmw's so I guess I got an advantage with the dealer that I solely work with. Anyone else who can get a better deal on the 335i, let me know soon since I too am in the market and about to order one.
The 335i MSRP that I want is 44,695. They would only want to lower it 1500 off msrp. Right now, I am still negotiating to get my payment down to 550.00 with 1400.00 due at signing. Breakdown is 1000 is deposit, 400 doc fees etc.
Do any dealerships actually lease out m3's or do they leave them out? If so what's the next step down and/or what's the christmas lease specials coming up?
Anyone needs to pay acquisition fee on a lease? I am leasing a BMW 335i and there is a $895 acquisition fee. I heard someone was able to get that knock off? Is that typical?
Acquisition fees in MY experience ranges from 511-895.00 depending upon the dealer and which MF you got from them. It seems to me like they have to make their money one way or another. If you get a great MF, normally they won't negotiate the acquisition fee and vice versa in my experience. I think I ended up paying about 800 on mine, but the lease price was still unbeatable from other dealership in my area so I was ok with it.
As much as I know, the acquisition fee by BMW FS is $625, and BMW FS allows the dealer can overcharge you for an additional $200. Therfore, your dealer appears to be extra greedy, as he charged you $270. I would rather try to find another dealer. However, there are other numbers in play, so I guess, you should certainly try to go to other dealers, compare them, and go with the "best" offer, where the "best" would mean that you try to take into account how easy it will be to come for service, etc.; sometimes, it is not worth it to save some minimal amount and then go far away every time when you need service or anything else for the car.
2006 Used (11k miles) Certified 325I w/ Sports, Prem, Park Assist, and Xenon Lights. They asking $37,950, but not sure if that is what they are using for the below deal.
Here are the numbers they did supply me: Residual = $27,912.55 w/ a MF = .00242 - 24 month lease.
Here is the deal:
I am trading in a 1998 328IS w/ 62k miles, KBB says trade-in is $8,200 to $9,300 - mine falls into the $8,200 (fare) status.
I own the trade-in free and clear.
There offer: My trade-in plus $2,500 and I pay NO lease payment for 24 months. Essentially, if my trade-in was valued at $8k, plus I deposit $2,500, for a total of $10,500 / divided by 24 months = $437.50 per month.
Is this a good deal or am I correct in assuming that my trade-in of $8000.00 / 24 months = $333.00 is closer to what I should be paying on a used vehicle / Lease? Or is the Used status even applicable to a Lease, if indeed the Residual is the same whether new or used.
Is there an advantage or glaring disadvantage to Leasing a Certified Used BMW? Also, is the deal above good or should I insist on not paying the additional $2500?
For a one-pay, 24-mo.lease, the deal looks reasonable. I don't see any downside to leasing a CPO car, as the car will be under the original warranty for the entire lease term.
Will the mileage restrictions meet your needs? Since you don't mention it, I'm assuming the lease is 10K mi./yr?
You can always try to negotiate the price down... lower is always better.. Before you sign the deal, you should find out the exact lease numbers (selling price, cap cost, value assigned to your trade, etc..) This will help you determine how much negotiating room you might have.
1 yr.old cars generally don't lease well... So, you'll want the lease to be cheaper than a new car (otherwise, why do it?), but don't expect it to be significantly cheaper.. If you are saving 10% over the lease price of a new one, that is definitely worth it.
I am working with a dealer on a 36-month lease for a 335i with premium package, cold weather pkg, automatic trans. Here are the terms of the lease we are working out:
MSRP = $44,595 Sales price = $42,300 (approx. $1200 over invoice) Trade-in value for old car = $500 Residual = 61% or $27,202 Money factor = .0017
We expect to drive the car around 18,000 miles per year, so have a few scenarios by which to structure this deal:
1) Do a 15k miles per year lease with numbers above makes monthly payment = $537/month (At lease-end, we would have to pay overage for miles equaling approx. $1800 based on actually driving 18k miles per year at $.20 cents per mile) 2) Do an 18k miles per year lease with numbers above makes monthly payment = $573/month (This is because residual value drops to 58% with more miles in contract)
My questions are: 1) Do these numbers seem like reasonable deals? 2) Which scenario is the best deal? We are leaning toward #1 thinking we might be able to negotiate down some of the overage fees in 36 months if we re-lease w/ BMW 3) Is $500 a reasonable trade-in value for a 1997 Ford Escort with 160,000 miles on it, in pretty good condition? 4) Does it make more sense to have the trade-in used to reduce the cap cost, or is it better to have the trade-in applied to our upfront fees to reduce our cash due at signing? 5) Here are the fees we were quoted: Do these seem reasonable?? Security deposit = $600 First payment = $570 Doc fee = $50 Acquisition fee = $825 (is this negotiable??) Plates, title, license = $535 Taxes = $1300 Total upfront fees = Approx. $3960
serefinah - not sure if you made your order yet on 335i - I am currently negotiating for 36 mos on 335i, I currently have MF = .0017 w/ residual of 61% for 15k miles per year. I am down to 42,300 sales price off MSRP of 44,595 (2300 off msrp). But, your $ due at signing is much less than mine currently. Did you roll your taxes/acquisition costs/etc into your monthly payment? My $ due at signing is currently almost $4000 ($540 1st payment, $600 security deposit, $1300 sales tax, $825 acquisition fee, $50 doc fee). Wonder how you got yours so much less?
I'm pulling this out of an email the sales associate sent via email. Having a tough time believing this is "their best offer". Any thoughts out there on this?!?!
Key Notes:
1- Only $500 off MSRP 2- They want $3,000k down 3- Money Factor of .00205
36 months / 45k total miles
MSRP: $47,490 Sale Price: $46,990 (Plus we are paying for your mats which cost $125 = total discount is $625) Residual = 61% of MSRP = $28,968.90 Money Factor = .00205 (Multiply that number by 2400 = 4.92% approximate interest rate) Mileage Rate = 15 cents/mile
Sale Price: $46,990 + Zimbrick Service Charge: $89 + Acquisition Fee: $625 = Cap Cost: $47,704 (subtract) Cap Reduction = $2,115.84 equals Adjusted Cap Cost = $45,588.16
Monthly Depreciation = $461.65 Monthly Lease Charge = $152.84 Base Monthly Payment = $614.49 Monthly Use Tax (5.5%) = $33.80 Total Monthly Payment = $648.29
Cap Reduction = $2,115.84 Cap Reduction Tax = 116.37 First Monthly Payment = 648.29 Security Deposit = 0 DMV Title, Tags, Registration = 119.50 Total Due at Inception = $3,000.00
Judging from the MSRP, I am looking at the same 335I coupe + options as yours.
My dealer quoted me the following for 36 months/12k miles: - $1,000 off MSRP - MF: 0.0023 (I know this is high, so there is room for negotiation) - Residual Percentage:60% (Is this negotiable? What I have seen anywhere, 60% seems to be the rate)
It was late after work when my dealer quoted me the above figure, so we did not have a chance to negotiate the numbers.
Would you mind sharing with us how you are able to lower the MF and bump up the residual value?
I am new to leasing, what other hidden fees that we should expect?
First off you normally want your residual percentage to be high for lease, MF low. Your Residual for 36 months and 12k miles per year is too low. It's is noramlly around 63% for 36 months 12k miles. 61% for 15k miles. You need to ask them to up that percentage for sure.
The MSRP off of 1k is not good enough. Tell them to lower it more cause that makes a difference in your payment also. I thnk I got 1500 over invoice, which was 2k off msrp.
My first dealer gave me a MF of 0.00205 and I never buy or lease anything without checking out another dealer for comparison. The second dealer gave the best deal at 0.00185. After checking this board, I negotiated them to lower their MF and they did to 0.00175.
The hidden fees are the acquisition fees that bmw fs put on for 600.00. Then the dealer can tac on their fees on those. My acquisition fee came to about 800; which is the normal and was rolled into the lease. I didn't want to put any money down on lease, and so they waived all the security fees etc for me as well. So at drive off, i hand them my first months payment and car/doc registratoin fee of 400 bucks. So my total drive off was about 1000.00 with 35 payments left.
I think knowledge is power, and the more you know about how lease works and what your numbers you desire; the dealer will work with you. Just know how much you want to pay each month and your due at signing would be. I got tired of dealing with MF and Redisdual and negotiated price cause i find dealers make up their end by uping the acquisition fees and other things. So i just went to my second dealer and said, I want zero down, due at siging only with first month payment and registration fee. A payment of this $xxx.xx and msrp of $xxx.xx on the car. Can you do it?
MSRP: $33,095 Negotiated price: $32,095 27-month, 12K miles per year $0 down Due at signing: $625 (bank fee), 1st month, refundable security deposit, $200 (plates) Money factor: 0.00175 Residual: 73%
Question: how much are my monthly payments supposed to be based on the above?
Car man, I just test drove a 328i manual coupe and want to work on a lease, but need help. MSRP comes out to $38,815 with sport pkg/cold pkg/satelite radio. Since I was not going to buy today I did not negotiate any numbers and as I was leaving the salesman said that December lease deal from BMW is 3% (not sure what that means exactly). Here is my question what can I expect my payment to be based on the following.
If I negotiate the price to $36,000 with no money down and a 36 month lease. What should I expect my payments to be?
Comments
2007 328xi Coupe, Metallic Paint, Premium Package, Heated Front Seats, and Steptronic Auto Transmission.
MSRP: $43,195
Offer: $42,458
MF .0012
Residual .60 (25,917)
36 Month, 12K, $499.99 per month and $5141.86 down (govt fees, $97.50, Taxes $1998.87, 1st Month $500, Security Deposit, $500)
Any insight would be greatly appreciated.
Sedan includes Automatic, iDrive, Premium and Sports package.
MSRP - $42,290
Selling price - $41540
Tax/Title/Reg/etc- $1673.59
MF - 0.00245
Term - 36 months
Residual - 61%
Down payment - $4000
Monthly payments on 10K a year - $549
on 15K - $579
Thanks!
If there are other dealerships in the Pittsburgh area I would consider shopping around becuase $700 off sticker doesn't seem like that great of deal - other members from the Pittsburgh area might be able to comment further.
Also, I believe the money factor for the 328xi coupe is .001 - it appears that the dealer has marked it up to .0012 for additional profit. While these cars are still pretty "hot" it doesn't seem necessary to only get $700 off sticker and pay an inflated money factor. I think you should press further for the money factor to be .001 and more money off of sticker.
Those are my thoughts - hope this is somewhat helpful.
Thanks for the reply! Here are the numbers:
MSRP $40420
Sale price $39030
Rate .00190
Residual $25464.60 (63%)
$2000 out of pocket
$528.89 incl tax 36 months (make 35 payments) 12K miles per year
$2000 includes acquisition fees, doc fees, lic fees for first year and First
Payment.
This is a Black / Black 2007 328i Sedan with Premium, auto, xenons,
navigation.
Can I do better than this?
Thanks-
vonrauss
Dealer Quoted me a 335i sedan
MSRP $46795
Dealer said:
purchase price $44,800
money factor .0015
61% residual (3 yr 15k)
However, I am being quoted $599 per month with $3700 due at signing (tax, 1st pmt, bank fee and deposit)
Is my calculation wrong or is it a bad deal?
328xi coupe (auto, premium package, sunroof, heated seats, XM, smart key)
MSRP: ~$44000
Sales price: ~43000
$417/month for 24 months (10,000 miles/year) with $5,000 down.
I do not know that tax is included or not, but I assume so.
Is this a good deal?
Thanks,
Jason
Check with your dealer. Also, BMW webpage lists what is acceptable and what is not at lease turn in(I think photos are included).Good Luck
I was told money factor for 07 328i coupe was NOT 0.0010, as has been reported on this forum. Dealer said MF for all-wheel drive coupe was lower.
I believe the Southern California lease deal being offered right now through BMWFS for 328i coupe (3 years/30,000 miles/$2500 cap reduction) reflects 0.0010 MF. Can anyone confirm .0010 MF for 328i coupe? Does cap reduction or lack of cap reduction affect MF? And are the residuals I was quoted accurate? Lastly, if anyone's been offered a better deal on cap cost, I'd love to hear about it. Thanks!
I'd love to know if its lower...
Are your dealers using the BMWFS money factor? Show them the page from the website with the lease offer.
HOpe this helps.
Do you have December rates? Also what are December incentives? Thanks.
Current 'Wholesale' MF: .00175
Current 'Dealer' MF: .00215 (specific to this dealership)
60% residual for 12k miles/yr
Internet Sales Manager said the 335i coupe lease special advertised on bmwusa.com takes into account the 'wholesale' MF, and would be impossible to get. I strongly disagree and would like to hear other people's opinion on this. If it is advertised as such, there should be at least some dealers out there who are willing to honor the current promotion. My configuration came very close (actually a little lower) than the config shown on the website for $499/mo.
He would not budge on his price of $500 under MSRP as well as the money factor of .00215.
Any thoughts/ideas/suggestions?
Thanks!
2007 BMW 328xi Coupe - Cost 5% Over Dealer Invoice (I'm ordering it and they said "dealer invoice to be determined by us at the time of purchase," I know for a base model it's $34,130 - seems a little sketch, I'll have to get more details when I visit)
Money Factor:
0.00110
Residuals:
24/12K - 72%
24/15K - 70%
36/12K - 60%
36/15K - 58%
Does any know the leasing formula SPECIFIC for NJ? Specifically tax calculations regarding where trade-in values, downpayments, & fees are added in, as well as whether the residual is based on MSRP or Capital Costs. Thanks!
MSRP: $42295
Negotiated Price: $40998
MF: .00190 (.00175 + .00015 to factor in security dep)
Residual: 60% (12k/yr, 36mo)
Total Cash Down: $3500 (includes acquisition fee, tax, title and registration)
Monthly Payment: $555.16 including 8.75% CA taxes
What do you guys think? Thanks in advance!
Can you provide me with lease information (m.f. and residual) for a 2007 335i sedan. The terms would be 27 months @ 12k miles per year. I live in New Hampshire.
Regards,
Chris
2007 335i Coupe. - Manual - Sports Pkg
MSRP: $42770
Negotiated Price: $42770 (Edmunds TMV for my zip)
MF: .002
Residual: 58% (15k/yr, 36mo)
Total Cash Down: $4000 (Net Trade In Allowance)
Inception Fees: $2152.80
Monthly Payment: $571.97 including 6.00% FL taxes
They broke down the inception fees of $2152.80 as follows:
1st Payment - 571.97
Dealer Fees - 489.00 (services, preparation of documents, affidavits)
Registration - 150.00
Security Deposit - 600.00
FL Fee - 72.49
Cap Cost Reduction Tax - 240.00
Tax on Dealer Fee - 29.24
They claim they are getting MSRP for this vehicle (Edmunds verifies this). They had no available 335i coupes in stock and this car would have to be ordered. They want me to give them $500.00 to order the car, which they say will arrive in February (maybe).
My questions are:
1. What is the true MF and residual value for this car in my area (South Florida)
2. Are their inception fees reasonable?
3. Do I incur any risk by giving them $500.00 to order the car if they cannot guarantee a delivery within two months, when the offer would expire (not to mention the changing value of my trade - a 2004 G35 Coupe)?
$6152.80 total down (for 571.97/month) seems kind of high for this lease "deal". Thanks for your help in advance.
Jonathan
MSRP is 42,020.... total drive off fees are 5,337.72 by way of 1st payment 445,
sec deposit which is also my last payment of 445,
2495 for cap reduction/down payment,
ny sales tax 1006.26,
ny DP tax ??? 208.96,
bank fee 625,
other ??? 107.5,
after all, this adjusted cap cost is 38,614.98 (i think the price is only down to 41,109,98 from MSRP)
RV factor 71%, adjusted residual value is 29,834, total depreciation is 8,780
BMW money factor is .00175
SO in conclusion 5,337 down w/ 445 month for this car either couple or sedan whiciever i want (chose jet black/ black interior)
GOOD DEAL OR NO DEAL? please help, first time leasing here, also help me decide couple or sedan, im in a serious business where the clients see my car
BMW Lease Rates for December
This is the first time I have considered leasing a vehicle. Need help on whether I am being railroaded with hidden costs. From reading your postings I think that my MF is the highest I seen in reading (these past few minutes)...and I am deeply concerned. I have been going back and forth between 2 dealerships (AL and GA). I am military and live in Georgia with access to my permanent Alabama addy for a home of record. Sale tax in GA is 7% and AL 4%... After playing a little hard ball with both dealers my local dealer in Albany. He contacts me after two days ...with the following for a 328i, w/ prem package, heated front seats:
MSRP: 36,454
Sales price: 34,700
Trade-in Value for 2003 4 x4 Nissan Pathfinder SE: 12,800
Balance due on Pathfinder: $15,777
So the neg equity:$ 2,977
BMW 328i lease is 36 mo/15,000 miles
Residual:61%
MF:.00247 or .00274 (can't remember which)
DP:4500 (includes tax, tag, title, fees, of which I think 2500 cap red, 350 security,).
Payment comes to roughly $525 per month.
Apologize for not having the exacts...I am going off a quote that I left on my desk at work. I was not aware that this site existed! HOPE YOU CAN HELP ME SOON... Scheduled to sit down with the saleperson tomorrow. Thanks.
Serefinah
You can email me (jonathan@box2468.com) if you need help filling out.
1400.00 due at signing with monthly with utah tax as 425.00 per month.
For 36 months on 335i, I got MF = 0.00205 with residual of 63%. Negotiating the price right now so I can drive down my monthly. It's for a 12k miles a year too.
I am an aggresive negotiator plus I only own bmw's so I guess I got an advantage with the dealer that I solely work with. Anyone else who can get a better deal on the 335i, let me know soon since I too am in the market and about to order one.
The 335i MSRP that I want is 44,695. They would only want to lower it 1500 off msrp. Right now, I am still negotiating to get my payment down to 550.00 with 1400.00 due at signing. Breakdown is 1000 is deposit, 400 doc fees etc.
Do any dealerships actually lease out m3's or do they leave them out? If so what's the next step down and/or what's the christmas lease specials coming up?
328i with permium pkg + heated seat manual trans
MSRP 36745
residual 74%
27 mos / 10k per year
$2500 down
payment 289 per month
I think the MF is still high for this. This was quoted without much negotiations
36 months / 12k miles
MSRP 44,695
down: 0
Monthly: 559+tax
MF: 0.00185
Residual Percentage: 63%.
Anyone got a better deal then this? I think this is the best deal so far that I had found.
36 months / 15k miles
MSRP: 45,295
Down: 0
Monthly Payment: 574.18 + tax
MF: 0.00165
Residual Percentage: 61%
MSRP: 44,695
Down: 0
Monthly: 550.00 + tax
MF: 0.00175
Residual percentage: 63%
for 36 months 12k miles.
Now the agony of waiting 2-3 months!
2006 Used (11k miles) Certified 325I w/ Sports, Prem, Park Assist, and Xenon Lights. They asking $37,950, but not sure if that is what they are using for the below deal.
Here are the numbers they did supply me: Residual = $27,912.55 w/ a MF = .00242 - 24 month lease.
Here is the deal:
I am trading in a 1998 328IS w/ 62k miles, KBB says trade-in is $8,200 to $9,300 - mine falls into the $8,200 (fare) status.
I own the trade-in free and clear.
There offer: My trade-in plus $2,500 and I pay NO lease payment for 24 months. Essentially, if my trade-in was valued at $8k, plus I deposit $2,500, for a total of $10,500 / divided by 24 months = $437.50 per month.
Is this a good deal or am I correct in assuming that my trade-in of $8000.00 / 24 months = $333.00 is closer to what I should be paying on a used vehicle / Lease? Or is the Used status even applicable to a Lease, if indeed the Residual is the same whether new or used.
Is there an advantage or glaring disadvantage to Leasing a Certified Used BMW? Also, is the deal above good or should I insist on not paying the additional $2500?
Will the mileage restrictions meet your needs? Since you don't mention it, I'm assuming the lease is 10K mi./yr?
You can always try to negotiate the price down... lower is always better.. Before you sign the deal, you should find out the exact lease numbers (selling price, cap cost, value assigned to your trade, etc..) This will help you determine how much negotiating room you might have.
1 yr.old cars generally don't lease well... So, you'll want the lease to be cheaper than a new car (otherwise, why do it?), but don't expect it to be significantly cheaper.. If you are saving 10% over the lease price of a new one, that is definitely worth it.
regards,
kyfdx
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MSRP = $44,595
Sales price = $42,300 (approx. $1200 over invoice)
Trade-in value for old car = $500
Residual = 61% or $27,202
Money factor = .0017
We expect to drive the car around 18,000 miles per year, so have a few scenarios by which to structure this deal:
1) Do a 15k miles per year lease with numbers above makes monthly payment = $537/month (At lease-end, we would have to pay overage for miles equaling approx. $1800 based on actually driving 18k miles per year at $.20 cents per mile)
2) Do an 18k miles per year lease with numbers above makes monthly payment = $573/month (This is because residual value drops to 58% with more miles in contract)
My questions are:
1) Do these numbers seem like reasonable deals?
2) Which scenario is the best deal? We are leaning toward #1 thinking we might be able to negotiate down some of the overage fees in 36 months if we re-lease w/ BMW
3) Is $500 a reasonable trade-in value for a 1997 Ford Escort with 160,000 miles on it, in pretty good condition?
4) Does it make more sense to have the trade-in used to reduce the cap cost, or is it better to have the trade-in applied to our upfront fees to reduce our cash due at signing?
5) Here are the fees we were quoted: Do these seem reasonable??
Security deposit = $600
First payment = $570
Doc fee = $50
Acquisition fee = $825 (is this negotiable??)
Plates, title, license = $535
Taxes = $1300
Total upfront fees = Approx. $3960
Thanks for any advice you can give me!
Key Notes:
1- Only $500 off MSRP
2- They want $3,000k down
3- Money Factor of .00205
36 months / 45k total miles
MSRP: $47,490
Sale Price: $46,990 (Plus we are paying for your mats which cost $125 = total discount is $625)
Residual = 61% of MSRP = $28,968.90
Money Factor = .00205 (Multiply that number by 2400 = 4.92% approximate interest rate)
Mileage Rate = 15 cents/mile
Sale Price: $46,990 + Zimbrick Service Charge: $89 + Acquisition Fee: $625 = Cap Cost: $47,704
(subtract)
Cap Reduction = $2,115.84
equals
Adjusted Cap Cost = $45,588.16
Monthly Depreciation = $461.65
Monthly Lease Charge = $152.84
Base Monthly Payment = $614.49
Monthly Use Tax (5.5%) = $33.80
Total Monthly Payment = $648.29
Cap Reduction = $2,115.84
Cap Reduction Tax = 116.37
First Monthly Payment = 648.29
Security Deposit = 0
DMV Title, Tags, Registration = 119.50
Total Due at Inception = $3,000.00
Judging from the MSRP, I am looking at the same 335I coupe + options as yours.
My dealer quoted me the following for 36 months/12k miles:
- $1,000 off MSRP
- MF: 0.0023 (I know this is high, so there is room for negotiation)
- Residual Percentage:60% (Is this negotiable? What I have seen anywhere, 60% seems to be the rate)
It was late after work when my dealer quoted me the above figure, so we did not have a chance to negotiate the numbers.
Would you mind sharing with us how you are able to lower the MF and bump up the residual value?
I am new to leasing, what other hidden fees that we should expect?
Any help from anybody is appreciate.
The MSRP off of 1k is not good enough. Tell them to lower it more cause that makes a difference in your payment also. I thnk I got 1500 over invoice, which was 2k off msrp.
My first dealer gave me a MF of 0.00205 and I never buy or lease anything without checking out another dealer for comparison. The second dealer gave the best deal at 0.00185. After checking this board, I negotiated them to lower their MF and they did to 0.00175.
The hidden fees are the acquisition fees that bmw fs put on for 600.00. Then the dealer can tac on their fees on those. My acquisition fee came to about 800; which is the normal and was rolled into the lease. I didn't want to put any money down on lease, and so they waived all the security fees etc for me as well. So at drive off, i hand them my first months payment and car/doc registratoin fee of 400 bucks. So my total drive off was about 1000.00 with 35 payments left.
I think knowledge is power, and the more you know about how lease works and what your numbers you desire; the dealer will work with you. Just know how much you want to pay each month and your due at signing would be. I got tired of dealing with MF and Redisdual and negotiated price cause i find dealers make up their end by uping the acquisition fees and other things. So i just went to my second dealer and said, I want zero down, due at siging only with first month payment and registration fee. A payment of this $xxx.xx and msrp of $xxx.xx on the car. Can you do it?
Negotiated price: $32,095
27-month, 12K miles per year
$0 down
Due at signing: $625 (bank fee), 1st month, refundable security deposit, $200 (plates)
Money factor: 0.00175
Residual: 73%
Question: how much are my monthly payments supposed to be based on the above?
Thanks in advance for your response.
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If I can shave off another $1,000, what are my monthly payments going to be?
Do you think it will be a good deal?
I just test drove a 328i manual coupe and want to work on a lease, but need help. MSRP comes out to $38,815 with sport pkg/cold pkg/satelite radio. Since I was not going to buy today I did not negotiate any numbers and as I was leaving the salesman said that December lease deal from BMW is 3% (not sure what that means exactly). Here is my question what can I expect my payment to be based on the following.
If I negotiate the price to $36,000 with no money down and a 36 month lease. What should I expect my payments to be?
thanks in advance
$353.57/mo. + tax
They must be running a special 27 month lease that uses the 24 month residual..
A decent deal at $1000 off MSRP... a great deal at $2000 off MSRP.. If you can land anywhere between, you are doing well..
regards,
kyfdx
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