BMW 3-Series Lease Questions

jakelat

I just had a very similar experience... PLUS most dealers I contacted do not even know how to return a phone call. Finally got the same equipped car you did (328xi,prem, auto,cold, ipod) in white/beige for 36mos/15K @ $519, with $1600+ up front.
Funny thing is that the dealer that actually had the car did not return my calls, but their sister dealer (same parent company) 40 miles away sold me the car...

Time to celebrate.

tmchow

Car_man, any word on the lease updates?

soupcon

i found this....
http://www.bimmerfile.com/2008/08/28/september-lease-rates-to-jump/

on the 36 mo lease on say a 335i sedan, it looks the same, but on the 24 month you get killed on the residual... 5 percentage points worse (but same MF)

on a 335i coupe, it's not as pretty. APRs are way up, MF way up, and similarly the residual is much worse @ 24 mo.

august 2008 versus september 2008
24 Mo - Residual 64% – .00170 versus Residual 59% – .00210
36 Mo - Residual 54% – .00170 versus Residual 54% – .00210

we'll see if this is the final word or if it's some sort of ruse

gforce11

Yes, the 24mo lease are looking specially bad. I analyzed some numbers for the 328i and the 24mo lease payments are almost $100 more, while the 36mo payments are around $9 more than August. OUCH! I seems BMW is starting move away from leasing, like GM and Ford.

G

CarMan@Edmunds

I have had a chance to take a look at BMW's new lease program, tmchow. BMW FS' residual values for most models are worse in September than they were in August. Its money factors for a number of models increased as well. I believe that you were interested in an '08 335i Coupe. BMW FS' September buy rate lease money factor and residual value for a 36 month lease of this car with 15,000 miles per year are .00210 and 54%, respectively. Its 12,000 mile per year resid is 2% higher.

Car_man
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CarMan@Edmunds

Gforce11, I have spoken with a number of people over at BMW who have indicated that they want to cut back on their lease penetration some, which is currently extremely high. This is the reason that it has been running special financing rates on vehicles lately. Whether BMW will actually be able to successfully ween consumers off of leasing is the question. I am extremely skeptical that it will be able to do so and still maintain the sales volume that it has been achieving.

Car_man
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abraham421

$779/month (taxes and bank fee rolled in), 36 months, 12k/year

sport, premium, cold weather, nav, Ipod...msrp $58,775

Upfront: $1798 (1 month + security deposit + plates)

Please reply ASAP...thanks!

usctrojan99

Hi - this is the deal we got on my wife's 335i sedan

335i sedan.
36 months/$12K
Alpine White (color my wife wanted)
Brown Leather seats
Premium package
Automatic
Heated seats
iPod
satellite radio
MSRP: $44,995
Net Cap Cost: $40,115 (i might be "slightly" off on this as I wrote everything down on paper and had a two numbers for this but difference is ~$100, but everything else is definitely correct. I can confirm this number later)
MF: .0015, Resdidual 58%
$1200 down w/ total drive off of $2280 (includes 1st month payment, tax on cap cost reduction of $116, registration fee of $341, Doc fee of $45, etc)
$494.57 + tax per month, which amounts to $535.37.

What do you guys think? We shopped around all across so California, and this was the best deal by far we could find.This forum was immensely helpful.

socal59

My X5 Lease will be ending in Dec 08. For an 2008 328 sedan, with Sport, Auto and heated seats MRSP $37050,
Net Cap Cost $35500,
MF.0014 (Loyalty rate)
Residual .56
Monthly pmt: $528.83 including CA Sales Tax of 8.25%.
A bit high? I ran the numbers on Excel.

eds1300

I have a 2006 325i (only option = automatic) with little over 10,000 miles. My original lease (3year, 10,000 per year) expires in September of 2009. I want to give this car to a family member as a gift (current buyout price is around $25,400).

Can you negotiate with BMW of North America over the buyout price?
I've seen some adds for better equipped 325i's selling for that same price or lower, so I'm not sure if buying this car is a good option.

I appreciate any input.

davidd3

BMWFS stuck to the residual value when I explored with them the possibility of a better price on my 2006 330i. So I gave it back and leased another car.

Just my case at this time for the car I had. Not to say that BMWFS always takes such a stance. I recall reading posts in the past few months of someone with a 8-cylinder 5-Series who was offered a large discount by BMWFS.

cdnpinhead

BMW has been jacking up the price of leasing (lower residuals & higher MFs), while offering more financial incentives to those who buy, it wouldn't surprise me if they also became willing to negotiate at turn-in time. . .eventually. The only reason not to sell the car to someone who's been driving it for the last 3 years for more money than it would fetch otherwise is to encourage (force, really) a follow-on lease.

Time will tell.

kyfdx

Your best chance is to check with your dealer.. They don't pay the buyout price, they pay the MMR wholesale price..

They may be willing to sell it to your family member for $500-$1000 over that, assuming they don't have to CPO it... which could save you a couple thousand or more..

Wait... your lease isn't up for a year? Do you want to buy it out now? If so, forget negotiating... The bank has no incentive, considering you are on the hook for 12 more payments.. They would have to take a loss, 12 months ahead of time..

regards,
kyfdx

sambo49

I am interested in purchasing a 2007 or 2008 used 328i but came across someone interested in getting out of their 3 year lease of a 2008 model 328i. The car has about 8000 miles, monthly payments are $400.

The original lease with BMW apparently included $6000 down payment (seems high), 10000 miles per year. The current lessor is not requesting any money for the transfer.
I plan on requesting a vehicle history report, have the car inspected by a mechanic.

While this lease sounds like a good deal, I am interested in feedback relative to its overall value especially if I were to purchase the car after the lease expires.

cdnpinhead

If the poor sap who's trying to get out from under really paid $6K drive-away, probably $4.5K of it was cap cost reduction, so that's certainly to your advantage. Assuming you can live with the 10K miles per year (how much of the first year is used up, given that 80% of the mileage is?), and the car is well equipped, $400 sounds pretty good.

As far as buying it when the lease is up, prior to last spring the residual values baked into leases were artificially high, so the buyout number could be pretty high. But, if you like the car & don't want to go for a new one in two years (BMW is making it more attractive to buy outright these days, and it could be ever more so by then), at least you'll know most of the history of your own used car.

eds1300

Yes, I wanted to buy it out within the next few months. Pay the remaining note and quite possibly negotiate for the residual value/purchase price.

kyfdx

If your lease isn't up, they won't negotiate.. Better off to just keep making the payments...

regards,
kyfdx

ahdanna

Hi kyfdx - my 328xic lease is up in november and i am considering buying it. where can i get that mmr number and i assume it's less than the residual on the lease?

thanks,
ahdanna

dino001

How is BMW on lease residuals? I know Honda wouldn't negotiate just for sake of the principle, others might. What is BMWs stance and practice?

eights38

dino001 - No lease company will negotiate on residuals. However, the money factor (interest rate) is another story...

Matt
eights38@gmail.com

bmwx330

Anyone in Phoenix area lease a car from these guys ??

On their website, they have "special" for 328i ($399/month, 0 down). Sounds too good to be true (that or it's a 72 month lease).

Unrelated to lease questions. Anyone ever get a car from thses guys ?? Are they reputable dealer ?? Do salespeople treay you like prey ??

dino001

That was not what I meant (poorly worded question): my intent was to ask how strict they are with price at the lease turn-in, whether or not they'd negotiate of price of now 3-year old car that may not be worth as much as the residual says.

carnaught

bmwx330:
Check your carspace email mailbox.

bmwleaser

Hi,
Am new to leasing and just wanted to get the opinion of the experts here.
I am planning on leasing a 2008 328i (base model, no extra packages),
What is the current MF and residual set at for 328i, for a 36 months lease ?
Based on the current lease offer on the BMW website I am unable to arrive at the monthly payment of 409$ ( without tax ofcourse) with MF of 0.00125 and residual set at 59% for 36 months lease.
The offer on the BMW website is :
MSRP 38,200 ( ofcourse this is for a premium package )
residual set at 59% for 36 months,

can someone please advice here ? did I get the MF wrong ?

Also for a base model 328i (2008) the current invoice price on edmunds is 30910 ( incl destination charges of 825$). What is considered a good bargain on the sale price for this lease ( something which I can try to negotiate with the dealer) ? 1000$ over invoice ? carsdirect is quoting me 32500$ no haggle price ... is that a good deal ?

krwest1

If you notice the fine print, you have to pay 1st payment, security deposit, tax, title, doc fee and bank fees up front. Given that, they are using approx. $1000 over invoice as the price of the car. Not that great of a deal.

bmwleaser

Could the experts please advice ?
I am planning on leasing a 328i this weekend and any help would be greatly appreciated.

skobola

Add about $1,000 to the invoice and this should be a pretty good price. Of course, this depends on the dealer and how many cars they are actually selling. Here, in South Florida, they are not discounting much, and therefore, I have always gotten my cars elsewhere. However, I have heard that some supposedly have managed to get their Bimmers at $500 over invoice. Then calculate the lease price, and this should be it. Let us know exactly what car you are buying and it should not be difficult to find what a fair/good lease would be. Just for your info, I have managed to lease my 328 in May for $399 + tax, MSRP was $34,400 (manual, metallic, BMW Assist), however, with multiple sec. deposits (MSDs). The same deal would be $425+tax w/o MSDs. If you are interested, I can let you take over my lease, as I got an opportunity to get a Boxter Spec Edition, which I would not mind to buy.

jagg

I'm looking at a Monaco Blue 2008 335i with Premium, Satellite, Automatic and Ipod.
36 months/12k miles

MSRP is $44,970
Cap is $41,593.12

$1500 down. Monthly is $569 inc tax.

(break down of down payment)
First Monthly Payment....... 569.00
MV FEES..................... 150.00
FL FEE...................... 72.49
ERF......................... 28.95
Cap Reduction Tax .......... 1.23
PRIVATE TAG AGENCY FE....... 20.00
DLR SVC FEE................. 599.00
TAX ON DLR SVC FEE.......... 38.88
+ Cust Cash as Cap Reduction 20.45
Total Drive Off............. 1,500.00

Edit: I found these numbers on Bimmerfile:

36 Month – Residual 58% of MSRP – .00150 Base Rate

Does this sound like a good deal for a 2008 335? My biggest concern is I have 1 month payment left on my 2006 330 and they won't take it over without increasing the lease price.

Anyone have a Monaco blue or Terra interior? Any feedback? Thanks guys.

bmwleaser

thanks for your reply, and the lease offer too !
could you please help me understand the deal on the BMW website,
i.e how is MSRP of 38,200 with residual set at 59% for 36 months,
break down to 409/month and 429/month (without tax) for a 1st time bimmer owner ?
I get the monthly payment of 429/month by using the calculator on leasingguide.com if I use a MF of 0.0011.
Is the MF really that low ?

bmwleaser

Hi,
Could someone please let me know if this is a good lease deal ? I am planning on buying this car by this weekend.

2008 328i (Extra -- automatic transmission, ipod and titanium silver metallic)
MSRP -- 35800 $
Cap cost -- 33,385 $
MF = 0.00155, residual = 59%

Deal is 2500$ drive off and 441$/month ( including california state tax of 7.75 %)

The monthy paymenty numbers I get from leasingguide are very different from the above. Could someone please share how the monthly payment of 441$ was arrived at ? Is a whole bunch of hidden fees added to the Cap Cost which I am unware of ?

Appreciate any help on this

thanks

bmwleaser

car_man and kyfdx, what do you think about the lease offer in mssg # 2480 ?
thanks

skobola

In regard to the offer at BMW's web site, this one requires you to put $2,500 down, which means $3,359 cash due at signing. The difference of $859 is exactly your first payment of $409 and $450 security payment. Of course, in reality all these numbers are worthless, as we all have to pay taxes on these amounts, as well as the acquisition fee and other fees, some of which are negotiable and some are not; for example, acquisition fee is a must. Note that acquisition fee is $625, but BMW FS allows dealers to increase it up to $825. They also allow dealers to make the money factor higher by up to 0.0004, which translates to 0.96% interest rate. I hope that you already know that it is smart to minimize initial payments as much as possible, i.e., out-of-pocket money, which is even more true nowadays when the interest rates (i.e., money factors) are pretty low. Base lease rate for 2008 BMW 328i for September 2008 is .00140, which is 3.36%.

dtr969

I just received the following offer from a socal dealer. Can you anyone confirm the lease rate and tell me if the auto trans credit is still in play?

2008 335i
Black Sapphire/Beige Interior
Premium Pkg
Sport Pkg w/paddle shift
Steptronic
Heated Front Seats

SRP including destination charge of $825 = $47,050
Selling price = $43,785
15k miles per year
3 year lease
Money Factor - .00145
Residual - 56%

Edmunds shows an invoice price of $43,335 including the destination charge. Shoooting for the stars, I pulled the presumed auto trans credit off the invoice price reflected by Edmunds and addded ~$500. The dealer came back saying he would be taking a loss of $1,969.20. If I add the $1,969.20 to my offer of $42,525, I come up with a dealer cost of $44,494.20?

Can anyone confirm the invoice and let me know what I'm missing here? I also need to confirm the money factor. I thought it moved from .00140 to .00150 this month.

dtr969

CarMan@Edmunds

I'd be happy to, bmwleaser. Let's start with the easy stuff first. BMW Financial Services' buy rate lease money factor for the 2008 328i is currently .00140 for returning BMW FS lessees or those who choose to pay a security deposit at lease signing. This factor increases to the .00155 for non-loyal BMW FS customers who opt to have their security deposit waived. So the money factor looks good.

Now onto the other important part, the selling price. I don't know exactly how much of a gap there is between this car's full MSRP and its dealer invoice price, but for now I will assume that it is around $2,700. Add to this the dealer credit for a free automatic transmission that BMW is currently offering on this car, $1,260, and there's a total of around $4,000 to play with. You were quoted a discount of $2,415, which isn't bad...but there's still some room there. Have you tried comparison shopping a little. You might want to give it a shot. Also, try stopping by the "BMW 3-Series Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar cars lately.

Car_man
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CarMan@Edmunds

Hi dtr969. It looks like the dealer is trying to mark your car's money factor up slightly on you. BMW Financial Services' current buy rate lease money factor for the 2008 335i is .00120 for returning BMW FS lessees or for non-returning customers who opt to pay a security deposit. Also, BMW FS' base acquisition fee is only $625, not $825 so there's some mark up going on there as well.

Through October 31st, BMW is providing its dealers with a $1,260 credit for a free automatic transmission on the '08 3-Series.

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bmwleaser

thanks for your help car_man. I managed to bargain the cap cost of the car down to 3900$ below MSRP which makes my mothly payments 400$ (with tax) and 2500 $ drive off. Is this a good deal for a 328i with auto trans + silver metallic + ipod ?

ltsang1

The forum provided detail info on others who posted their deals and it was most helpful in my negotiation for my own deal. So, here is my lease deal made yesterday.

2008 335i Sedan $48.5 MSRP 36mo/12K - Premium, sport, paddle shifters, steptronic auto, iPod/usb and navigation. Cash out the door $1640 and based monthly payment before tax was $544. Southern California dealership. I believe I did OK. What do you think?

CarMan@Edmunds

Hi bmwleaser. A $3,900 dealer discount on is a very good deal on this car. I suspect that it is probably fairly close to dealer invoice. If you'd like, you can hop on over to the "BMW 3-Series Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar cars recently.

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bmwleaser

thanks a lot for your help, car_man.
will join the other discussion.

driverboy

Just picked up a Monaco Blue 335i with Sport, Premium & Paddle Shifters today at Peter Pan BMW in the bay area.

MSRP: 45775

Sale Price 41500
Net Cap: 42325 (includes Acquisition fee)

$582 + tax for 36 months /15k a year.
Drive-off: $1036.x

Too late to ask but I guess its a decent deal :-)

cdnpinhead

What's done is done.

Enjoy your new car (as if. . .).

Good luck.

bmwbuyer2

Quick question was shopping around today for left over stock on 2008's.
dealer quoted me the following deal... is this any good?

Black with Black leatherette
Auto Trans
Power Seats
& Heated Seats.

No money down just pay 1st month and DMV fees (tax rolled into payment NJ)

$471 a month ...?

I am a returning BMWF customer not sure if that helps or not.

Thanks

Steven

CarMan@Edmunds

You're very welcome, bmwleaser.

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dpmako

does anyone have the lease terms for a 2008 328i, looking for residual and money factor for 3 year lease, 10k miles per year. Thanks....Also, has anyone been able to do better than what BMW USA is advertising for this car lease? $369/36 10k miles with 2500 cap cost. thanks

CarMan@Edmunds

I'd be happy to help you out, dpmako. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 328i with 10,000 miles per year are .00140 and 59%, respectively.

Car_man
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entdoc

So I was looking for an '08 model, but there are few in my area (Pittsburgh).
One of the models is a '08 335XI with premium, cold weather and sport pkg with HD radio. MSRP is $48,500. This is a dealer driven car with 6300 miles and was apparently involved in a fender-bender also.

So here's the deal, they are asking for $42900. The lease is 36 months, 12K
Money down is $2000, monthly rate is $580 including taxes.

I think the rate is too high, but what should I aim for. A search of local listing shows similar asking prices for other dealer-driven cars. The fender-bender requiring $5k of repairs is the nebulous factor.

Any advice??

dpmako

TY very much Car man, I appreciate it!

qbrozen

Well, $5k is much more than a fender bender. But since its a lease, you shouldn't care. It will affect the car's resale value, which is none of your concern, of course. Unless you want to buy it out.

powerjo

Hi,

2008 BMW 328i w/ Steptronic, Power and Heated Seats

MSRP $36345
Cap Cost $33874
Residual Value $21444 -- Rate .00075 -- 59%
36 months with 10K miles

$386.78 + Tax and $1749 drive off (1st month payment+Security Deposit[$450]+Bank Fee[$695]+Tax Bank Fee[$62.55]+Tags[$120])

Is this a good deal? Please be advised.

Thanks~

jags86

I'm looking to lease a 335i coupe in March. I've been fiddling with numbers, and I want to see if anyone thinks this is going to be obtainable? I live in North Jersey incase that matters...

2009 335i Coupe
Premium
Sport
Navigation
MSRP: $49,125
Aim for selling Price: $45,850 (invoice+1000+$180 training + $300 MACO)
Residual: 60% (12k 36mo lease)
MF: .00191 (8x MSD)

Lease payment $604.99 + 7% tax = $647.34