BMW 3-Series Lease Questions

andre1

Here are the January BMW Lease Rates, including the 3 series.

Jan Lease Rates

ili5

According to their website, BMW financial services has extended their lease promotion (the one which theoretically ended 1/2/2007) through January 31, 2007.

dafreak1

Are those the rates I should expect to use or are those the reates the BMW charges their dealers?

bmwpanic

Has anyone got their dealer to waive the doc and aqcuisition fees?

bgspa

I am looking at a 2007 328i with Premium package, Steptronic trans., heated seats, nav with a MSRP of 40,120.00. I could care less about the steptronic and, to a lesser degree, the navigation. I am getting quoted a cap cost of 39,313.91 (6% over invoice apparently) and an additional cap cost of 1,095 (which I am guessing is an acq. fee). The residual is 61% and the money factor is .00215. They are calling for 900 cash at start which includes first payment. They have the payment at 625.85 (incl. 7% tax). Their appears to be a annual fee of 167 and an initial fee of 790.50. Is this any good?

dafreak1

This seems like a no brainer but I need some feedback.

335i
list 49,945
negotiated 48,000
0 down
750 security deposit
80 transfer license plates
12,000 miles / 36 months
61% residual
mf: .00175
taxesx rolled in

Total payment: $661.86
drive off: 1,454,36

Let me know if I am forgetting anything

And thanks

ranger911

No. Not going any further than the money factor, it's ridiculous considering what other recent posters are showing. Based on your RV of 61%, I assume you are leasing it for 3 years / 15K miles. This is a bad deal.

ranger911

This is a good deal as far as I can tell. Just make sure of a couple of things:

1) There is truly no acquisition fee being charged. Your lease as you laid it out does not have one, which is great. I was able to get to your payment within 4 cents. I assumed a 6% sales tax rate since you didn't mention it.

2) Residual value does not match 12,000 miles / 36 months for either coupe or sedan. Sedan's RV should be 63% and coupe's RV should be 60%. So the RV in your lease favors you if bought a coupe, which it kind of seems like you did, but is bad if you bought a sedan. A 61% RV is consistent with 3 yrs. / 15K miles for the sedan. This might be another negotiating point for you.

It's much better than the first deal that you quoted.

kevink5

Hi,

Got a quote today: 328xi 4 door sedan, white, in stock, with auto and heated seat. Selling price $35795 ($975 lees than the MRSP), 24 month 12k, RV 73%, MF 0.0020. In NJ, 7% tax, $2044 down, $513.56 a month.

Please advise if this is an OK deal. Need the car soon. Current car is dead, on a rental now.

Thanks very much.

Kevin K :confuse:

bgspa

Where is that money factor coming from if the lease is through BMW? Is the dealer adding that on?

chorne24

Hi,

In the market for a 2006 BMW 325i Demo with 854 miles on it and wanted to know if this is a good deal

MSRP $33,920
Cap $31,560

36months, 10k miles/yr, residual 64%

$428.91/month

MF .00225

Total due at delivery is $1680.16 first month payment, $450 security, $625 bank fee $56.25 tax on bank fee $120 tags

dterrie

I just picked up a 328i Coupe yesterday. I plugged the numbers from the lease contract into my spreadsheet and come up with a money factor of .0018 and a residual value of 59.473% on a 3-year/15K lease for a car with the Premium and Sport packages as well as heated front seats. I was able to negotiate $2,000 of the MSRP w/o any haggling - some profit for dealer, some discount for me; good deal for both sides.

petexiao

Hi all,
I just got this today for a base model 328i silver with only
auto transmission on it. Dealer told me the profit for them
is around 600.

MSRP: 34845
Cash saleprice: 33845
Acquision Fee: 825 (Banking fee, with BMWFS)
Total CAP cost: 34670

DMV fee: 285

MF: 0.0021
Res: %61 (15000mile/year)

Monthly base: 490.07
Tax: 37,98 (0.0775)
Monthly Payment: 528.05

Down payment: 0
Driveoff: 1420.29

Is that a reasonable price?
Please suggest, thanks.

tcn2k

That's a bad deal; you can do better.

nyubxtr

I know I got a good deal and yours is as well. I have the exact same MSRP and lease term but only gotten the car for $43,998. My monthly payment is $574.18 + tax. I paid about $1700 drive off. Don't remember the exact.

bradj1

I am currently leasing and BMW and went back to the same dealer to see if I could acquire a 335i coupe to replace my current vehicle. I was quoted the following:

335i coupe with metallic paint, sport, manual, heated seats, leather:

$500 off of MSRP (which dealer claimed was $44944)
Money factor .00195
Acquisition fee -- $825
Residual -- 61%

With a $1000 cash outlay dealer quoted me a monthly payment of about $650 (including taxes, license, etc.) I am not putting down a security deposit.

Question: I know the dealer is marking up the money factor .00020, and adding $200 to the acquisition fee. Plus, he is only offering $500 off of invoice, claiming this is a "hot car."

Can anyone tell me how bad a deal this is and whether I should insist on a lower MSRP, money factor, and the standard $625 acquisition fee?

shipo

I returned to my original dealer when the time came to order my second BMW and got a high-ball offer as well. I pushed back a little and got nowhere so I went down the street and ordered a car there. Soon after that the salesman that was playing me for a chump got canned. How do I know that? Simple, he was interviewing for a job at my second dealership the day I came in to sign some paperwork. In the end, he did manage to land a job there..., in the used car department. He-he. ;-)

Best Regards,
Shipo

agatica

where did u get this great deal at? and how did u managed to negotiate this price?

roxy68

I want to lease a 2007 335i bmw coupe. It will be my first BMW lease. What money factor can I expect to get? The lowest rate I've received is .00190 (that's with a $750 security deposit). Should I be able to get a lower rate? I live in So. Cal.
Thanks

hpowders

The base January mf for the 335i coupe is 0.00175.
Your dealer is marking it up by 0.36%.
It helps to have this information BEFORE you contact any dealers.
I would shop as many dealers as it takes to get the base mf.

rxke

Hi Car Man

It is that time again when I have to lease a new car. You have provided me with information in the past that has signicantly help me negotiate really good deals. I am currently looking to lease one of the following cars in March 2007 in NY:
A4 quartro sedan (4 cyl)
BMW 325 XI sedan
Lexus IS 250 AWD
Mercedes C280 4 matic
G35XI sedan

15k per year for either 36 or 39 months

Could you please provide me with the residual values and money factors for these cars. Also are you aware of any incentives. I currently read Automotive News to see if the manufactures are giving the dealers any incentives.

Any help you can provide me would be really appreciated. You have been great in the past.

Thanks

johnimoto

I got a quote for the 328xi with the following:

6-Speed STEPTRONIC Automatic Transmission
Brushed Aluminum Trim
Cold Weather Package
On-Board Navigation System
Park Distance Control
Power Rear Sunshade
Premium Package

It is for owners option (15k miles):
$699 month, $2000 drive off.

The site lists the purchase price as $45620.
Don't know what the final selling price or any other numbers, all i know is 699 a month and 2000 drive off. (was talking on phone)

good deal?

misterep

Very good deal!! ... for the dealer

mefromfl

I'm ready to get the coupe. What residual should I be looking for when dealing for this vehicle? Is the higher the residual better or lower? I'm kind of confuse on it. Thanks in advance for your reply. And are they discounting the 335 coupe at all? Everywhere I go, they said they don't discount em.

johnimoto

What sort of numbers would you expect so that I can take them back to the dealer and see if I can get him to match the residual, money factor, purchase price, etc.

hpowders

The residual is fixed and not negotiable. The higher the residual, the lower the monthly lease payment.

For the 335 coupe, at this time, the residual is 68% for 24 months, 30,000 miles. Add 3% for 20,000 miles. Add 2% for 24,000 miles.
The residual is 58% for 36 months, 45,000 miles. Add 3% for 30,000 miles. Add 2% for 36,000 miles.

airesucs

Hey guys this website is great but I need help

I’m new to all this and I really love the new 335i sedan and was wondering if this is a good deal.

I got quoted on a lease for a 335i sedan with premium, metallic paint, cold weather, sport package, navigation, and satellite radio

MSRP = $47,615
Negotiated Price = $46,115
36months/10k miles
0 down payment
64% residual

I don’t understand Money Factor, but my rate is 2.05%

$702.07 per month

Is this a good deal?
He also told me for every $1000 I deposit it's ~25 off per month.

Any help is appreciated, Thanks!

airesucs

Actually I don't know what my rate is, it says that on a paper they gave me, I just read some stuff on moneyfactor so I'm going to call him and figure this out. Any help would be great

CarMan@Edmunds

You're welcome, ckatili. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW 335i Coupe with 12,000 miles per year are .00175 and 60%, respectively.

The method that Texas uses for calculating sales tax on leased vehicles is not very attractive. Unfortunately, you cannot lease your BMW out of state to avoid paying Texas sales tax on it. When you go to register your vehicle, you will have to pay your home state's sales tax rate on it.

Car_man
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Prices Paid Forum

hpowders

No. It is NOT a good deal! I am paying only $673 for a BMW 545 (36,000 miles, 36 months) which lists for $58,000 and has a V8! I doubt if your interest rate is only 2.05%.

The base mf for the 335 sedan is 0.00150 (multiply by 2400 to get the interest rate) which is 3.6% interest, the lowest rate for this vehicle from BMWFS at this time.

Using your numbers, I get $549.36 per month before taxes as your approximate payment.

Run from this "deal!!" :surprise:

airesucs

the 2.05 actually means MF of .00205 = 4.92 % :surprise:

he said the MF is non-negotiable number set by BMW, is this true?

kyfdx

BMWFS supplies the money factor. The dealer can mark up that MF by .0004, to provide extra profit for the dealer.. In addition, you can waive the security deposit for a bump in the MF of .00015

It appears that both of these are happening in your case..

.0015 base MF
.0004 mark-up (extra profit for dealer)
.00015 security deposit waiver bump.

.00205 total

BMW lease deals get done at the base rate every day, though almost all dealers will try to mark up the rate.

regards,
kyfdx

hpowders

The dealer has lied to you. The mf is not non-negotiable.
He has marked it way up. You should insist on the base mf of 0.00150 (3.6% interest). There are other dealers out there who will give you the base mf, but you must insist on it.

Never go to the dealer without doing your homework first. You will get slaughtered as in paying 4.92% instead of 3.6%. :sick:

mefromfl

Today is last day of January, is this the last day to get good deals on lease or can i wait until Feb.?

steveinvt

Here is the deal I was offered today:
328XI couple (monaco blue, w/leatherette), cold package, steptronic
MSRP: 40145
Ipod kit: 544
rubber mats: 77
neg price: 39290
36 mon/12k lease
.00140 MF

$511 monthly payment

TTL SD, 1st payment and acquisition due on delivery

Now, my numbers are coming in lower, but the dealer is claiming there is a 'training service fee.'

What do you think?

hpowders

Well you can lock in January's mf and residual today and get an option to change if the February numbers turn out to be better. Get this option in writing if you decide to do this.

I certainly hope you decide to shop different BMW dealers to get the 0.00150 mf.

hpowders

Not too good!

The base mf is 0.00100 for this vehicle which is the equivalent of 2.4% interest. The dealer jacked the mf up to 0.00140 or 3.36% interest. You lose.

Contact the dealer and insist that he give you the base mf. If not, tell him you are prepared to go elsewhere. Walk if you have to.

Then e-mail all the other BMW dealers in your state. Tell 'em the price (reasonable) you want to pay and insist on the base mf.

Select. Don't settle!

rxke

Hi Car Man

It is that time again when I have to lease a new car. You have provided me with information in the past that has signicantly help me negotiate really good deals. I am currently looking to lease one of the following cars in March 2007 in NY:
A4 quartro sedan (4 cyl)
BMW 325 XI sedan
Lexus IS 250 AWD
Mercedes C280 4 matic
G35XI sedan

15k per year for either 36 or 39 months

Could you please provide me with the residual values and money factors for these cars. Also are you aware of any incentives. I currently read Automotive News to see if the manufactures are giving the dealers any incentives.

Any help you can provide me would be really appreciated. You have been great in the past.

Thanks

dhamilton

Unless I'm mistaken, the A4 is currently the best deal out there right now.

It's also the best of the bunch in my opinion.

Others will vary, but, no one has the best blend of
1. Sport
2. Luxury
3. Interior quality
4. Driving dynamics

Once again, just my opinion.
A very lonely Audi lover
A very lonely stick shift lover
A very lonely Lexus nay say er

toro1

Hi - I am soon going to be in the market for leasing a 3-series. This forum's information is really useful, but I have a simple question: If I go to a dealer knowing what the base money factor is for a given model and want to use that information, how do I deal with a situation in which the dealer says "that information is not correct"? In other words, how do I give back-up for the info I get here. Thanks in advance for the answer.

vonrauss

Two quick questions:

Is anyone out there REALLY getting the .0015 MF on their lease? All of the dealers are telling me that .0019 is the lowest they can go...

Also, I've heard that the incentives didn't change in February. Can anyone else confirm?

Man, how I wish I would have signed my lease the last week in December

toro1

I was informed by email that you responsed to my message #1152, but your message (#1153) does not show up on the board. Is there a reason for that (you deleted it, the moderator deleted it, etc)? If not, could you repost. Thanks.

tborah

Carman,

Can you post the rate and residual for the February 2007 BMW 328XI coupe lease...24 & 36 months...thanks...Tom

cadabra

I was offered a deal of $436.00 per month on a 36 month/12k miles per year lease. The vehicle is a base 2007 328i. I would be walking out of the dealership with the car and paying $2000.00 cash. Could you please tell me if this is a fair deal? I was quoted a price of $31,880 on the vehicle.

hpowders

Mention that you got the BMWFS money factor from Lease Compare. The dealer will recognize it as a source of reputable information. Insist on the base money factor. If he won't do it, tell him "sorry" and e-mail other BMW dealers in your state listing your offer of the base money factor as well as the fair price of the vehicle you expect to be used in the monthly lease payment calculation. Anywhere from $1000-$1800 over invoice is usually possible, depending on the popularity of the vehicle. I would zero in on $1500 over invoice. If you offer a price and the dealer accepts it without flinching, you have offered too much.

I have leased 3 BMW's and have never paid more than the base money factor. You may have to travel a bit to get what you want. When I told my arrogant salesman that I was prepared to fly to the other side of Florida to deal with one of his competitors and have a pleasant exhilarating interstate ride back in my new BMW, he quickly lost his attitude and we made a deal!

hpowders

What is the listed MSRP of this vehicle? Is it the sedan or coupe? Totally without options? Also the money factor used? What does the $2000 represent? Is it called a capitalized cost reduction?

l0m6905

I plan to lease 328i coupe for 36 months 12,000 miles with $2,500 cash down in March. Total sale price $37,270. Dealer stated there are no discounts for the coupe's so therefore selling price as is. Residual value 60%.

What is the lease money factor rate?
What is the acquistion fee for this vehicle?
What is the monthly payment?

Please help.

Thank You,
Dallas,TX Girl

hpowders

Well, I just plugged in some information for a 328i coupe on CarsDirect.com and got $800 off MSRP with no haggling, which means I could probably get around $1200 off MSRP playing dealers against each other. That's in Florida.

Why don't you try CarsDirect.com in your area and see if there isn't a discounted price from MSRP too? If there is, you can use the CarsDirect.com price as leverage to try and get the price down a bit more with individual dealers.

The January money factor for this vehicle was 0.00125 (3% interest). But this may change. BMWFS' February money factors will be out sometime next week.

The destination charge is $695.

john7548

Ordered at 335i in California and got .00165...could not get them down to the .00150 without some prepayment/security deposit scheme.

mefromfl

Can someone explain to me how I can profit with no money down or less security deposit money? To me, if i put more down on a lease, my monthly would be less right? How are dealer profitting when they ask me to put more down.

and by the way, i have a dealer willing to give me 1k off the msrp for the 335 coupe. Should i go for it at this price?