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BMW 3-Series Lease Questions
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Im looking for Black with Black Leatherette, 6-speed manual and Sport package. This is for 12,000 a year lease. Im open to either 24 or 36 months depending on the best deal
On Edmunds it states MSRP is $42,645 and Invoice is $39310
I have about $1000 equity in a trade and want to put down $1500 cash.
I would love to be at under $500 for the payment plus tax. Is this possible?
what residual (63?) and money factor (.00175?) is a good deal and whats and whats a ball park price price. Also what other dealer fees are reasonable in regards to training, bank, and security fees? I live in CA tax rate is 8.25%.
I am completely new to car buying and leasing. I am looking to get the 335i sedan, 36 months, 10k. It has the premium, sports, and automatic transmission with paddle shifters. Here's what the dealership sent me, it looks pretty off. Please advise.
MSRP: 45,300
Residual: 64%
Cap Cost: 44,890
MF: 0.00215
Adjusted Cap Cost: 45,825
Base Monthly Rental: 628.44
Amount Due at Start: 1,613.51
Total Monthly Payment: 686.26
I am in Washington. These numbers are probably funny to some of you but please help. Any input will be appreciated. Thanks.
i realized the deal looked pretty bad but wow, that's truly absurd. i will definitely bring this up with the dealership when i go in again.
I am new to lease process. I am in socal and looking to lease a 328i coupe. Do anyone know the buy rate lease money factor and residual value for a 36 month lease of a 2007 BMW 328i with 15,000 miles per year are?
Thank you.
- rq
http://www.bimmerfest.com/forums/showthread.php?t=204149
This is in bimmerfest.com which is a BMW fan/owner site and they update monthly the current leasing information - buy rate and residuals.
On this site you will also find other useful information regarding the cars and leasing in general.
BMW 335i Convertible
MSRP 49,100
with Options: MSRP $54,675
Acquisition Fee: 825
Lic Fee: 404
Doc Fee: 45
Gross Cap Cost: 55,500
Cap Reduction: $28.85
Net Cap Cost: $55,471
Residual %: .62
Residual Amt: 33,898
Mileage: 10k
Money Factor: .00385(APR 9.24)
Mthly Payment: 1016.42(943+73tx)
1. I was offered 335i sedan 24 mo 10K lease with following terms: 2500 drive off. zero sec. MSRP $49775 Neg. price $48500
MF .0023 resid unknown. pmt $637.55 (no sales tax where I live)
Is this a reasonable offer? I have read MF of .00175 on this thread? I have also read Resid of 71% Is the resid a % of MSRP or negot. price?
2. I have plugged these numbers into lease calcs and have not been able to reproduce the pmt. terms.
Anyone have any thought?
The MSRP for this vehicle includes: sport, paddle, tip, prem, nav, comf access, cold, ipod, met paint (silver on black)
Thanks. ML
Thanks.
ML
Can you tell me the current money factor, residual, dealer acq fee, standard disposition fee and security deposit for a 2007 328i on a 36-month term with 15k miles per year?
Thanks,
Lianne
Hope this helps.
Realize that the MONEY FACTOR on the 335i SEDAN is:
.000175, If you do not get that money factor you are not getting the best deal and getting ripped off.
As well,it doesnt matter what market if its LA, NY, or some boonied city. If they don't give you .000175 you are being ripped!
Also, out of 10 dealerships perhaps 3 went to 1000 over invoice on the car. Next, I got a dealership finally to give me the buy rate (.000175) and 500 over invoice. You will notice your payment go down big time.
The biggest thing they say at these dealerships is this, we don't need to sell 335i's, we have no reason to, or the demand is high if you hear some BS like this, take your time and your money and walk out.
Before you ever start negotiating with these dealers walk in there tell them your credit is fast, 720+, and how much over invoice they'll give you and the money factor right off the bat. let them know you've test driven the car and you know what you want and your talking to dealerships. Sweeten it up by telling them down the street Blah Blah BMW gave you .000175 but 750 over invoice. Be a hustler. Get in there and work em boys.
To let you know, i've had every single number from a lease worksheet and the lease calculators dont calculate it really the same. There is about an error of give or take +/-20-50 dollars. Go in there and go right into the sales managers office, dont go to these loser high school diploma sales man.
Remember the 335i COUPE is a whole different money factor, but dont let them try to bring their high school econ understanding of supply and demand on you. The 335i has been out for over 9 months.
Good luck.
-HA
Who is your dealer in NC?
MSRP $42,675
Selling price $40,675
MF .0021
RV 64%
$4,000 total out of pocket
$575.27/month
Is this a good deal? based on the selling price, the total out of pocket number seems high
what are other people able to lease this car at in the Chi area? what were your MF and res %?
Thanks!
328 coupe
comfort access, auto, sports, metallic, ipod, and pwr seats front
$5000.00 drive off
36month 15k ,
460.00 month
mf .00014
msrp is 38,987
thanks
ML
328xi
36 month / 12K per year
MSRP: $45,320
Sell Price: $42,805 (1100 over invoice according to edmunds)
Money Factor: .00190
Residual: 63%
My state sales tax is 5%
Monthly Payment: $558.06
Cash Due at signing: Acquisition fee $625; plates/document fee; security deposit of $600 and 1st months payment.
I appreciate any critiques on this offer! Thanks!
2007 328xi Sedan
Cold Weather Package
Premium Package
Automatic Transmission
24month lease 12000 miles/year
3900down + first month (380) + acqusition fee (825) + plates/document + 400deposit
380/month
everything does not include tax.
Please let me know if this deal is good or I am getting ripped off
has anyone re-leased thru bmw? better than financing?
thanks!
Premium, Nav, Sirius, Heated Seats
24 months / 12k miles
0 cap cost reduction, 1900ish up front (1st, sec. deposit, bank fee, registration)
Payment: $505
I think its a great deal. As good or better as anything I've seen on here. Any opinions?
Car_man
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Dealers always make their offers sound like incredible deals. In order to see if this is really a good deal you need to take a look at this car's selling price. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Find out what this dealer is charging you for the 335i Coupe that you want. If it is an attractive price, then have the dealer calculate your monthly payment using BMW Financial Services' buy rate lease money factor, which is currently .00185 for a 36 month lease of this car with a security deposit paid at lease signing.
I see that you are considering trading in your current Mercedes on this deal. There's nothing wrong with trading in when leasing, however it would be in your best interest to have the dealer that you are working with cut you a check for your trade rather than using the proceeds from it as a down payment for your lease. I always advise consumers against making large down payments when leasing because whose who make them risk losing them if their vehicle if their vehicle is totaled in an accident or stolen and never recovered.
Good luck and let me know if you have any other questions.
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Let's play with some numbers and see what sort of lease payment you should expect to pay for this car right now. You never mentioned what selling price you are being given on it, so for now I will assume that you can get it for $1,000 over invoice. According to my calculations, if you were to lease a 2007 BMW 335i Coupe that has an MSRP of $42,645 and a selling price of $40,310 through BMW FS right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $531. I used a money factor of .00185 and a residual value of 60% to arrive at this payment. With this deal, at lease signing you would have to pay your car's first month's payment, a security deposit equivalent to your payment rounded up to the nearest $50 increment, BMW FS' $625 acquisition fee, and any required state taxes or fees.
Car_man
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I just took a look at the deal that you were offered and it appears as though you are only being given a $400 discount on this car. You should be able to do better than that if you shop around a little bit. 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".
Also, the money factor that you were quoted appears to be a little high. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2007 335i Sedan is only .00175 with the payment of a security deposit at lease signing. Make sure that this is the money factor that is being used to calculate your car's payment.
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Thanks.
I suspect the numbers will be quite a bit higher than the sedan. Any idea why?
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The money factor that you were quoted for this car is a little too high. BMW Financial Services' current buy rate lease money factor for a 24 month lease of a 2007 335i Sedan is only .00175 with the payment of a security deposit at lease signing. Try to get the dealer that you are working with to use the buy rate to calculate your car's payment.
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For now I can tell you that the money factor that you were quoted is right in line with BMW Financial Services' buy rate for this model. This is a good thing because it means that the dealer that you are working with is not trying to mark your car's factor up to add hidden profit to your deal.
One other thing, I see that you are considering paying $5,000 at lease signing. I always advise consumers against making large down payments when leasing. Those who make them risk losing all or part of their money if their vehicle is totaled in an accident or stolen and never recovered. It would be much safer not to make any capitalized cost reduction on your lease.
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