BMW 3-Series Lease Questions

kyfdx

BMW wagons rarely have good lease programs... and, if they are decent, they still aren't as good as the sedans..

Low volume means little incentive to cut the price, I guess..

shipo

Thanks Walt.

Given how steep the lease rates are for the Wagon, we may just pay cash for the darned thing. Grrr. :mad:

Best Regards,
Shipo

boe747lcf

Thanks coby03.

You must be so anxious to get your car.... I test drove the 335i this weekend and it was an incredible car. I sure hope that I get get a similar deal once I'm ready to buy (lease). But I suppose I need to keep a level head and not go overboard in payments too... so would the 0.0021 and 64% also be applicable for a 328i, or are there different numbers for that car? I really like the 335i but I'm thinking the 328i is also a nice car to drive.

Thanks for the help. I'm sure we won't be seeing you in this forum in about six weeks since you'll be out enjoying your new ride every chance you get!

shipo

Ya wanna know what sucketh even more? I just checked the lease price differences between a tarted up 535i and a 535xi Sport Wagon, both of which were configured to exactly $61,625. Guess what? They're identical, $647 for a 3-Year/36,000 mile lease and $679 for a 3-Year/45,000 mile lease.

Looked at another way, configured apples to apples, the 328xi Sport Wagon that Mrs. Shipo is looking at comes out to $45,400 while an identical (from an option perspective) 535xi Sport Wagon comes out to $61,625, roughly 35% more. So far, so good, however, after calculating the lease prices given the ED discounts and such, I come up with 3-Year/36,000 mile and 3-Year/45,000 mile monthly lease prices of $548 and $571 for the 3-Series and $647 and $679 for the 5-Series, differences of only 18% and 19% respectively.

So, the question is, why is BMW-FS picking on the 3-Series Wagon compared to virtually every other 3-Series and 5-Series car?

Best Regards,
Shipo

cdnpinhead

I didn't take the time to go check just now, but the last I looked over the complete list of money factors (you know where), the 3-series sedan was, by far, the lowest. Plus, in the case of the wagon vs. sedan, for 3 yrs/15K, the residual was a percentage point higher for the sedan as well. For all I know, it has the highest residual on the list also.

I knew they were subsidizing the 3 sedan, but it's exercises like this that illustrate the degree to which it's happening. Wagon, coupe, convertible, 5-series & all the rest need not apply.

shipo

Hmmm, while it's not "apples-to-apples", the numbers that I've run seem to indicate that only the 3-Series wagon is being left out in the cold. True the 3-Series sedan may well be seeing slightly lower numbers than say the 3-Series coupe or any of the 5-Series cars, but geez, the 3-Series wagon numbers are so high that I'm actually wondering if we shouldn't pony up an get a 5-Series wagon.

BTW, I haven't looked for leasing numbers for so long that I actually don't know where to look for money factors and residuals.

Best Regards,
Shipo

coby03

From what I've seen on this board, I believe the 328i sedan MF is lower than the 335i. Looking back several posts, I saw someone report a MF of 0.00175 for the 328i vs. the 0.0021 for the 335i. kyfdx or Car_man could verify if you inquire.

The 335i has great power and a high fun-to-drive factor, but everything I've seen and heard about the 328i is that it's no slouch. I currently have a 2005 330Ci with the ZHP package. From seat of the pants feel, it was pretty similar to the performance of a 328i coupe that I test drove but you would expect that given similar HP and Torque numbers. But the 335i was noticeably faster than either of them (I guess that's what 300 HP vs 230 HP will do). I couldn't really notice any significant handling differences, but I didn't beat on either of them during the test drives. As is said here many times, you can't go wrong with whatever you choose. Both are gerat cars. Good luck deciding!

cdnpinhead

Here's something I lifted from an earlier posting on this board:

However, those links won't do you much good without knowing the residual values & money factors for the BMW(s) you're interested in. Go to the Bimmerfest web site, select Forums & go to the Ask-A-Dealer section. At or near the top will be the current lease rates for every BMW sold in the U.S. These can change monthly (usually don't, but can), so if it's a few months before you're ready to pull the trigger, be sure to recheck.

shipo

Thanks for the help.

Best Regards,
Shipo

boe747lcf

Thanks coby03! I hope I can call myself a BMW owner one day soon! :shades:

boe747lcf

Great post! Thanks a lot cdnpinhead!

yatzee

Hi,

I've read over a lot of the posts but want to know for sure what the MF is for march on a 328i sedan.

Heres the deal I have right now, and want to make sure its good...

MSRP $34,850
Negotiated Price $33,290
MF .0023
Residual: 63%
36 mo
12k mi/yr
$900 due at signing
$502/month including CA tax

Thats with a set a mats...if that matters and the car is a base blk/blk with AT and ipod hookup.

Thanks, Alex

yatzee

To the above post, there is also a $825 fee rolled into the lease that they say is a charge from BMW.

boe747lcf

based on bimmerfest, the march base rate for a 328i sedan / 36mo lease is 0.00175. it does make a disclaimer that rates vary by region.... good luck!

yatzee

Can anyone help me out on actual MF for socal for a 328i sedan? I am suppose to sign on this tomorrow afternoon and cant figure out if its a good deal or not.

-Alex

qbrozen

Are you not reading the posts? Or do you just not believe what you are reading?

yatzee

Not trying to be rude, but I have not seen anything that tells me what the MF is for march for a 328i sedan in CA. The one on bimmerfest says it changes throughout the county...And I also beleive and could be wrong, but sedans, coupes and other variations have different MF...am I wrong?

Just looking for a little help and opinion.

-Alex

manku

Unfortunately for my wallet, I prefer the 328 to the A4/C70/9-3, so much so that I'm actually thinking about paying 40% more for the car...

I've been quoted, on a 46k sticker 328,24 months @ 525, 2500 down, + tax, docs, license.

It works out to about 700 with tax over the term of the lease...can I do better.

FWIW, I can get an A4 for 36 months for under 500 month with tax.

Thanks.

qbrozen

ya know, i have to apologize. for some reason ... well, i can't explain it, but I think I thought you had posted the question several times and gotten the same answer several times. But I think its just the history of this board. Several DIFFERENT people have asked.

In any case, I hope you were able to strike a deal and are enjoying your car. As to the MF, I would tend to believe that whole "varies by region" thing is just a disclaimer. It really shouldn't matter where you live since the loan is coming from BMW, not some local bank. But that's just my unfounded opinion.

yatzee

Thanks, the car was actually for a friend I was helping out and he got it and loves it. The deal came out to 900 down 500 a month which I think is a pretty good deal, but the best part was the service we got at San Diego BMW. I negotiated the deal on the phone which another local dealer wouldnt do, then once we got there including the finance dept who were not pushy we were out in 45 min.

kyfdx

It's really rare for BMW to have a regional program with their leases.. I can remember a special 7-series program that was only good on the West Coast a couple of years ago... but that's about it..

They may run special programs occasionally for current owners, as well... but, those are usually nationwide.

stvroy

Here's a response I received from a dealer I'm working with. Granted, the internet salesperson I was working with quickly handed this one off to a manager once I started asking pointed questions and dissecting the numbers (thanks to you guys). I've been talking about a 36 mo/10k mile lease...

"stvroy",

Based on a $46,000 328cv

Money factor with 7 extra deposits- .00236
The .00245 rate you have is the invoice price from BMW and not available to the
public.

7 multiple deposits- $5800

With 6932.84 due (deposits and 1st payment and fees) payment is $682.80.
Of course at the end of the lease you would receive $5600 back.

Please let me know if you have any other questions. Looking forward to wrapping
this up for you.

*************************************
My response.....

"Mr. Dealer"-

Thanks for the information. I understand the .00245 is from BMW, but multiple sources I've found on my research say this rate is available. As your saying it's not, the 1.32% bump on the rate seems a bit high. So is the best deal on the spread? If it helps, I have a 792 FICO Score.

I do lke the MSD option, but why is the secuity deposit $800 each? I thought it was in $50 increments based on the payment. If I put cash down to lower the payment, wouldn't the security deposit go down as well? I do like this model as I'm buying down the rate.

I saw you based your numbers of a $46,000 328. As your coming into the deal now, here's what I'm interested in specifically as this number effects the residual and purchase price, and ultimately the payment.

328i CONV

Alpine White/Creme Interior

*6-speed STEPTRONIC Auto
*Cold Weather Package
*Comfort Access

MSRP - $46,500
Invoice - $42,870

What would I expect in terms of price when ordering the vehicle? I know the going rate on the coupe and sedan is $500 or so over invoice from a lot of people on the BMW forums. I know the numbers you provided were just on a generic $46K 328 selling at MSRP, but I would be interested in learning the specifics of the vehicle if I were to order.
******************************************

So, what should I feel comfortable is a fair price. I'm thinking $44k on the purchase price and the bye rate of .00245. Is this realistic?

cdnpinhead

"I'm thinking $44k on the purchase price and the bye rate of .00245. Is this realistic?"

Absolutely, but a lot will depend on how much competition the dealer thinks he's involved with. Are there other dealers within 25-50 miles? Are you willing to travel even farther than that to get your car? Sometimes certain parts of the country are willing to deal and others aren't. A cheap one-way airline ticket (oxymoron, I know, but sometimes. . .) can save you hundreds or more.

Now that you know what you're talking about, a serious dealership that just wants to get a unit moved may do exactly what you want, but you need to be willing to present your case to 5-10 of them.

Good luck, and continue to keep us posted.

stvroy

Thanks for the suggestion. I am willing to fly to other dealerships for sure. I have a few hundred thousand airline miles, so the flight won't cost me anything. In terms of dealerships here, there are about 4-5 within that radius. I'm going to have to order the vehicle regardless, so I'm trying to find the right one that is willing to order and make a $1,000 or so.

bimmerfreak1

What do you guys think of this deal I got for my 2008 335i:

2008 335i 4 door
manual
silver
sport package
nav
sirius
bmw assist for the bluetooth
15k miles / year
$572 / month 36 months + tax - 6.5% in Florida
Total out of pocket $1,700

Does it look good?

dhamilton

looks good. What was the MSRP, and negotiated cost?

bimmerfreak1

i think the msrp was 46k and negotiated cost 43k. not 100% sure.

skobola

I have ordered a 2008 328i in Sparkling Graphite with BMW Assist (MSRP $34,400) and got it at $426 with 7 MSDs, which includes 7% tax. I believe that this came out from being charged $996 over invoice + $495 dealer's fee, which I consider to be pretty good for Miami, when they do not give significant discounts. Actually, I did it in Fort Lauderdale, at Holman BMW. The drive off will be the 1st month + tag transfer. I am currently leasing a 2006 BMW 325i, so no security and such crap.

phyoski

">link titleHey just wondering where u r located. I have an 07 328i for lease transfer. check it out:
http://newjersey.craigslist.org/car/614374385.html

stan371

sorry, ?MSD's? who dod you deal with at Holman?

paws101

:confuse:

in NJ
2008 328xi
auto
metalic paint
cold weather package
12K/yr miles
36 month
msrp 38320 neg rate 36900
63% resid
mf 0.00175
500/mo no money down other than doc fees, title, return BMW customer so no sec dep.
Is it a keeper?

CarMan@Edmunds

Congratulations on your new 328i, elizariev. $136 over dealer invoice plus the use of BMW Financial Services' buy rate lease money factor is an excellent deal. Thanks for taking the time to share the details with everyone. If you haven't stopped by there yet, make sure to hop on over the the Dealer Ratings & Reviews section of Edmunds.com to share your thoughts on your recent dealer experience with everyone. Enjoy your new ride :shades: .

Car_man
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CarMan@Edmunds

Hi hopefall. I have seen this car's current lease program. Through April 30th, BMW Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2008 BMW 328i with 15,000 miles per year are .00175 and 61%, respectively.

Car_man
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CarMan@Edmunds

Hi stvroy. BMW's current lease program is scheduled to run through April 30th. While anything is possible, I personally don't expect BMW to make any changes to the 3-Series Convertible's lease program before the beginning of May. It's difficult to say whether BMW will enhance its lease program on this car then. It has started providing a little support on 3-Series Convertibles, first with the inventory cash payments in February and now with a slightly enhanced money factor, so the trend is your friend if you decide to wait. However, we're already into spring and headed towards summer (man I can't believe that it's almost April already) and convertibles usually sell better when its warm out than they do during the winter so perhaps BMW won't have to enhance its support on it.

If you decide to order a car, BMW has a program that will enable you to lock in its current lease program. The advantage of doing this is if this car's lease program gets worse you can take advantage of the current one when your car arrives. If the program gets better, you can get out of your rate lock and take advantage of the new, improved program.

Car_man
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CarMan@Edmunds

Hey yatzee. As boe747lcf just helpfully posted, BMW Financial Services' current buy rate lease money factor for the 2008 328i Sedan is .00175. As far as the acquisition fee goes, BMW FS charges a $625 acquisition fee in every vehicle that it leases. The dealer that you are working with is marking up the base acquisition fee to add $200 additional hidden profit to your deal. This sort of thing is very common amongst BMW dealers. There's really nothing wrong with it, as long as you are aware of this profit and take it into account during your negotiations.

Car_man
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CarMan@Edmunds

Hi paws101. The money factor that you were quoted is right in line with BMW Financial Services' current buy rate for this model, so that is a good sign. As far as the selling price goes, the car that you described probably has a spread of around $3,000 between its full MSRP and its dealer invoice price. Given the fact that you are in an area that likely has a number of BMW dealers, you may be able to do better than the $1,330 discount that you were quoted by comparison shopping with a few other dealers in your area.

Car_man
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paws101

Hi
Car man thanks for the reply- just one other quick question
when I'm figuring the actual monthly payment the formula is:

final negotiated price
+
residual payment
x
MF= finance charge per month
then I divide the depreciation over lease term and add that amount to the finance charge which should be the monthly payment. how does NJ add the sales tax is it to the final monthly payment amount?

mva1

Car_man,

I was wondering if you could let me know what the current money factor and residual is for a 2008 328i coupe. I am looking to lease for 36 or 39 months with 10,000 miles per year.

Thanks for the help!

samchen

http://www.bimmerfest.com/forums/showthread.php?t=267854

Click the above link and you will find the answers

skobola

MSDs = Multiple Security Deposits. I believe that Edmunds does not permit me to tell the name of the sales associate, and you do not have your e-mail posted, therefore, I cannot tell you.

tom335i08

I am new to leasing and to this forum.

I am looking for following configs. -

3.0-liter, turbocharged inline 6-cylinder engine

Base MSRP $40,800
Jet Black $0
Black Leatherette $0
Dark Burl Walnut wood trim $0
Sport Package $1,100
Heated front seats $500
Navigation system $2,100
HD radio $350
iPod and USB adapter $400
BMW Assist with Bluetooth System $750
Destination & Handling: $775
Total MSRP as Built $46,775

I have one quote so far - $660 + tax for 36/12k/2500

I understand I shouldnt put any money down. I am reading more about MSD. Didnt ask the dealer about MF, dont remember exact residual value (I think 60%).

What are the things that I can negotiate? I live in Atlanta, GA. I am traveling to Germany for my school-reunion in June 1st week, how do negotiations change if I did an ED?

Thanks a ton in advance!!

1985mb

Bimmerfest has March resid and MF. Anyone have April's (328CiC Cvt if that helps)?

jun2

Thanks for the link for BMW Lease rate, I was able to calculate my base monthly payment. I have one question though, does the base monthly payment calculated does not include Taxes. Should it be included? I live in NJ and Sales tax is 7%, so if the CapCost of 37,000 then tax is $2590/36 months which will give $71.94 per month. Is this added to the calculated monthly base payment ?
I am returning 325i BMW lease due next Month , I am trying to learn to get the best possible and affordable monthly payments I can with $1,000 due on signing.
thanks for your help guys, I love this site!

mva1

Does anyone know if the April lease rates, Money Factor and Residual percentage, are the same for the 328 coupe as they were in March? I'm looking to lease a 328 for 36 or 39 months with 10,000 miles per year.

Thanks!

cdnpinhead

For a lease, I believe you only pay tax on the portion of the car's value you use -- cap cost minus residual plus interest -- much lower number than the one you calculated. In effect, you just pay tax on your monthly payment, though I think some states may do it differently.

jun2

Hi there,
My lease is due in Mid May (next month) for 325i. I intend to lease 2008 328i for 36months with the following:

Model 2008 328i 4dr Sedan
Titanium Silver
Cold Weather Pkg
Premium Pkg
Automatic Trans
10k miles /yr
NJ Sales tax is 7%

With $1,000 due on signing, what would be the numbers I should negotiate?
such as the cap cost etc. MF is .00175 and Resid is 63% from the currrent BMW lease rates that I saw. I dont want to pay over $500/mth. Is $475/month possible?
All inclusive of sales tax.
Please help me to decide and get a better deal.
Thanks a lot!

stvroy

I plugged in the numbers you provided (into LeaseGuide's calculator)

MSRP- $38,700
Price - $36,200 (@$500 over invoice which should be realistic based on others I've seen)

Bank Acq- $825 (Marked up from $625 from BMW)
Residual- 63%
Money Factor - .00175
$1,000 Down basically pays your upfronts (give or take some fees)

Base Payment- $458.68
Tax- $32.11 (7% provided)
Total- $490.79

inandabout

Car man

I want to lease a 2008 335ci, with an MSRP of $51,090 which includes all options and accessories including an aero kit costing about $1,195. I understand this kit is not added to the residual value at the end of the lease. The dealer has offered $500 off MSRP. The tax rate is 6.25% in TX. Additionally, the painting for the aero kit is an additional $1,000 not included in the MSRP.

I am looking for a 42 month lease with 15,000 miles. What should I expect for a least payment that includes the taxes.

Thanks -

qbrozen

$2200 for a body kit on a car you are essentially renting?
And only $500 off sticker to boot?
Ouch!

inandabout

The thing is I originally ordered the car with the kit with the intentions of buying. But some circumstances have changed I am considering a lease if still lowers my cash flow wtih sig. difference. How much discount can I expect.

Anyone have an idea what the lease payment should be on my previous post (#2241) Thanks

I think I may still buy as gbrozen has a very good point.