MSRP - $42,970 Selling Price $40,992.65 Money factor is .00235 Residual is 70% (2 years at 12k miles per year) Payment is $658.07 plus tax – ($54.62) = $712.69 Total due is $2685.06 (first payment, $712.69, doc fees $389, $561.12 for registration and titling) (Dealer says he is not charging for HD radio on the car)
Can anyone tell me what the money factor is for each of these cars, assuming bmw fs qualification (3 year lease 12,000 miles per year). Also what benefits besides reduced MF rates are there? I've heard no security deposit. Thanks for your help.
Hi carnaught. I haven't seen BMW Financial Services' new November lease money factors yet, so I can't comment on that aspect of your deal, but I can tell you that the car that you are interested in probably has a spread of around $3,000 to $3,500 between its full MSRP and its dealer invoice price. The $1,977 dealer discount that you were quoted isn't bad, but there's still some room there. Have you tried comparison shopping at all. Things are pretty slow for dealers right now (understatement), there's a decent chance that you will be able to find one that will be willing to beat this deal. 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.
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Hi scottyt24. BMW's original money factor for the 2008 328i was probably .00140. Mid-month it enhanced its lease program on all 2008 models. At that point, the factor on this car was lowered to .00075. Unfortunately, this was scheduled to expire at the end of October. I have not seen BMW's new November lease program yet.
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Hi stuboat. BMW is scheduled to introduce a new lease program for November at some point this afternoon. Just in case you are interested, I can tell you what its October program was like for these cars...but keep in mind it is no longer valid.
BMW Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2008 335i with 12,000 miles per year were .00085 and 58%, respectively for returning BMW FS customers or new ones who opt to pay a security deposit.
The numbers for an otherwise identical lease of a 650i Convertible were .00075 and 59%.
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Did BMW announce the November lease program for November yet? If so, could you run it by us or point us to a place where we can check it out? Thanks...This site is great!!
What is the current lease figures for both the 08 and 09 328 I am looking at a 328i sedan w premium package - most likely 12k/year. not sure whether 2 or 3 year.
In the previous post Matt mentioned adding 2 and 3% for 12k and 10K leases. Is this a standard figure or just BMWs?
hey guyz im close to getting a 2008 alpine white 335i with auto,prem, navi, ipod, sport, etc. and im going in the dealer on tomarrow and i need your help! im planning to lease for the first time because i realized that i get bored of cars and i have never kept a car for more then 2-3 years so i wanna lease. what should i look out for and how much you think i should pay? i was thinking 1.5-2k down and about low-mid 500s do you think thats possible? or can it be lower?
Hi swong. Over $1,000 under dealer invoice is an excellent selling price for a leased 2008 BMW 328i. Just make sure that the dealer uses BMW Financial Services' current buy rate lease money factor of .00075 to calculate your monthly payment (BMW dealers are notorious for marking money factors up) and you're in business.
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Hi, I am looking into leasing a 328i model, 2008 or 2009 .
Although the current offer on a 2008 328i w premium package seems attractive-$369/mo w $3269 cash due at signing, 30K miles for the life of the lease, I wish I have some additional information to reference to.
Therefore, I would very much appreciate any insight about this current offer, the November rates and whether December lease rates are historically better.
Hi chuck. BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2008 328i Sedan with 12,000 miles per year are .00075 and 63%, respectively. The numbers for an otherwise identical 36 month lease are .00075 and 58%.
BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2009 328i Sedan with 12,000 miles per year are .00150 and 70%, respectively. The numbers for an otherwise identical 36 month lease are .00150 and 62%.
If you were to lease with only 10,000 miles per year, these cars' residual values would be 1% higher. BMW FS' residual value adders are 2% for 12k leases and 3% for 10k leases.
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Local dealer has a 328xi that was a demo with about 10,000 miles. While I have not been to see the vehicle, was just curious if anyone knew how lease deals worked with pre-owned cars. I would assume that there is still residual and money factors involved? Any idea on typically how these work?
Welcome goldenmeeko. You really need to understand how leasing works before negotiating with any dealers. If you don't there is a good chance that you are going to be taken advantage of. The following informative articles that are available here at Edmunds.com will give you an idea of how leasing works: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
In short, the best way to get a good deal on a leased vehicle is to negotiate as low a selling price as possible on the car that you are interested in and then have the dealer calculate your monthly payment using its buy rate lease money factor.
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Here you go, trinityklm. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 328xi Wagon with 15,000 miles per year are .00190 and 54%, respectively. It appears as though the dealer that you are working with is marking up your money factor.
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Hi nc_driver1. As a rule of thumb, savvy consumers who comparison shop in an area that has a decent level off competition are almost always able to beat manufacturers' official advertised lease payments. If I was in the market for a 328i right now, I personally would shoot for a selling price of $500 over dealer invoice and the use of BMW FS's buy rate (.00075) and see what happens.
Thanks. So the money factor is still 0.00075 even with 15miles/year? And if they mark it up, how do I argue that I know it is only 0.00075? Is this public info?
Thanks Matt and Carman. do you guys have the Nov. rates for 2009 models? Also, any thoughts if BMW will sweeten the deal in December given their most recent earnings announcement?
Hi, can someone please tell me the current lease money factor and residual for 2009 328Xi with manual transmission, base package for 36Month/36000 miles and also for 24/months 24000 miles?
Hi CarMan, I am reposting my previous inquiries as I need them in negotiating a deal.
First, kindly let me know how much should I expect to pay in lease fees (acquisition, disposition, dealer etc) and which one of them is a legitimate charge? I simply can't get a straight answer from any dealer in the area.
Secondly, do you believe that the Dec rates are better than the ones offered now (.00075 buy rate and 58% for 12k/36mo) for leasing a 2008, 328i w Premium Pack. and Auto. Trans?
I have an offer for 2008 328i with premium package. 36 month lease 15000 miles/year Total Drive off $2000 $388 month plus tax MSRP $36,775 Invoice $34,892 Cap Cost $33,300 Cap Reduction $1,179 Money Factor.00090 Residual $20,594 The salesman said that the money factor would be 0.00075 if I put a securiy deposit, otherwise it would be 0.0009. Also, he said he cannot waive the disposition fee of $350.
The car does not have a premium package...this was just clarified. I do not have the specific break down for the doc fees, etc. Can you tell me if this is a good deal?
Is this a good offer? I was offered the following for a 09' 328i (with sport, navigation, BMW assist and auto trans): Selling Price- $500 over invoice MF- 0.0015 Residual- 62% (36 month lease with 12K miles/year) 6% Maryland tax- $2,272.00; tag & process fee- $370.00; Acquisition- $925.00 Monthly payment- $552.00 (with only first month due at signing)
09 alpine white 335i coupe with auto, navi, sport, prem, heated seats, HD, i pod for 48,605 (1000 above invoice) MF-.00090 residual-60% 8.25%tax in socal 12k/year drive off is 1500 monthly payment is 750 including tax
Yep, those numbers are correct nc_driver1. BMW's November lease program is scheduled to run through the end of the year (December 31st). While it is possible that it would make an unscheduled enhancement to its program in December, don't count on it.
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Here's the information that you're looking for,webba. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 328i with 12,000 miles per year are .00150 and 62%, respectively.
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Yes, swong, the mileage allowance has no impact upon vehicles' money factors. If you mark the money factor up, tell them that you know that you are doing so. If they deny it, they're lying. You can always threaten to take your business to a dealer that's more truthful with you.
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No problem, earth777. BMW Financial Services' new November buy rate lease money factor and residual value for the 2009 BMW 335i Convertible is .00200. The money factor for the 2008 BMW 650 Convertible is .00175.
This lease program is scheduled to run through the end of the year. It is possible that BMW would make an unscheduled enhancement to it in December, but it is difficult to say whether it will.
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Here you go, AD. BMW Financial Services; November buy rate lease money factor and residual value for a 36 month lease of a 2009 328xi Coupe with 12,000 miles per year are .00175 and 61%, respectively.
The numbers for an otherwise identical lease of an Audi A4 Avant Premium Plus through Audi Financial Services are .00202 and 54%.
The numbers for an otherwise identical lease of an Infiniti G37 Coupe AWD through Infiniti Financial Services are .00279 and 60%.
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Here's the info that you're looking for, viperz4. BMW Financial Services; current buy rate lease money factor and residual value for a 24 month lease of a 2009 328xi Sedan with 12,000 miles per year are .00150 and 67%. The numbers for an otherwise identical 36 month lease are .00150 and 62%.
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Hey nc_driver1. BMW Financial Services recently raised its acquisition fee to $725. If you are not a returning BMW FS lessee, you will have to pay a security deposit that's equivalent to your car's monthly payment rounded up to the nearest $50 increment at lease signing. BMW FS will waive its security deposit requirement in exchange for a .00015 money factor increase. I believe that it charges a $350 termination fee. Doc fee / dealer fees vary from dealer to dealer and they aren't anything more than additional dealer profit.
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Hi swong. This looks like a great deal to me. The selling price that you are being given is very attractive and the dealer was very straightforward with you about this car's money factor. If you like it, I personally don't see any reason not to pull the trigger.
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Hi goldenmeeko. $1,200 over invoice isn't bad, but there's still some room there. Have you tied comparison shopping a little bit with a few other dealers? It wouldn't hurt. 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 recently.
Once you have arrived at a selling price that you are comfortable with, have the dealer calculate your monthly payment using BMW FS' buy rate lease money factor of .00200 (for returning lessees or new ones who pay a security deposit) and you're all set.
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Do you know the current lease terms for a 2009 335i coupe for a new buyer? 12K/36 months.
--Residual % --Money Factor --Spread between MSRP and invoice?
I'm getting quote money factors from 0.0017 to 0.00215. I figure various dealers are throwing around figures that are too low/high. I heard from one dealer, that some will lure customers in with a low money factor just to get the customer to sign for the lease and drive with the car; only to have 3 days later the lease rejected by the financing company and re-presented with a higher money factor that most buyers will then sign for to save the hassle of returning the car. That would be a total waste everyone's time!
2008 328i 36 month lease 15000 miles/year $1182.54 down payment License Fee $291 Tax on Down $97.56 California Tire Fee $8.75 First Month's Payment including tax $420.15 (This equals Total Drive OFF $2000) M.F. 0.0009 Cap Cost $33220 Doc Fee $45 DMV Electronic Titling Fee $28 Acquisition Fee $725 (This equals Gross Cap Cost of $34018) Monthly Payment is $388.13 plus tax (=$420.15) Residual $20594
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MSRP - $42,970
Selling Price $40,992.65
Money factor is .00235
Residual is 70% (2 years at 12k miles per year)
Payment is $658.07 plus tax – ($54.62) = $712.69
Total due is $2685.06 (first payment, $712.69, doc fees $389, $561.12 for registration and titling)
(Dealer says he is not charging for HD radio on the car)
Thanks.
I've seen 2 different money factors posted for the '08 328i. I've seen .00075 and 59% and .00140 and 50%.
Does anyone know what the current program is? I'm looking to head to a dealer today and this would be helpful!
Thanks
Car_man
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Car_man
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BMW Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2008 335i with 12,000 miles per year were .00085 and 58%, respectively for returning BMW FS customers or new ones who opt to pay a security deposit.
The numbers for an otherwise identical lease of a 650i Convertible were .00075 and 59%.
Car_man
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2008 BMW 328i metallic paint
power seats
BMW assist
i-pod
MSRP 37,545
Invoice 35,180
Selling price 33,999
Drive off $830
36 months 15k miles
442 + tax = 478 per month.
Did BMW announce the November lease program for November yet? If so, could you run it by us or point us to a place where we can check it out? Thanks...This site is great!!
Information is Based on Top Tier Credit and 15k Miles per Year (Add 2% for 12k Miles per Year or 3% for 10k Miles per Year).
2008 BMW 335 Convertible
36 Months - 0.00175 Money Factor - 54% Residual
39 Months - 0.00175 Money Factor - 51% Residual
42 Months - 0.00175 Money Factor - 48% Residual
2008 BMW 650 Convertible
30 Months - 0.00075 Money Factor - 63% Residual
36 Months - 0.00075 Money Factor - 57% Residual
39 Months - 0.00075 Money Factor - 54% Residual
42 Months - 0.00075 Money Factor - 51% Residual
Best,
Matt
eights38@gmail.com
I am looking at a 328i sedan w premium package - most likely 12k/year. not sure whether 2 or 3 year.
In the previous post Matt mentioned adding 2 and 3% for 12k and 10K leases.
Is this a standard figure or just BMWs?
thanks
chuck
I think I'm being quoted high at .00236 with the buy rate.
Any ammunition would be appreciated!
Car_man
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I am looking into leasing a 328i model, 2008 or 2009 .
Although the current offer on a 2008 328i w premium package seems attractive-$369/mo w $3269 cash due at signing, 30K miles for the life of the lease, I wish I have some additional information to reference to.
Therefore, I would very much appreciate any insight about this current offer, the November rates and whether December lease rates are historically better.
Thanks so much in advance .
BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2009 328i Sedan with 12,000 miles per year are .00150 and 70%, respectively. The numbers for an otherwise identical 36 month lease are .00150 and 62%.
If you were to lease with only 10,000 miles per year, these cars' residual values would be 1% higher. BMW FS' residual value adders are 2% for 12k leases and 3% for 10k leases.
Car_man
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Local dealer has a 328xi that was a demo with about 10,000 miles. While I have not been to see the vehicle, was just curious if anyone knew how lease deals worked with pre-owned cars. I would assume that there is still residual and money factors involved? Any idea on typically how these work?
Thanks
In short, the best way to get a good deal on a leased vehicle is to negotiate as low a selling price as possible on the car that you are interested in and then have the dealer calculate your monthly payment using its buy rate lease money factor.
Car_man
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Car_man
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Make sure to stop by the discussion "BMW 3-Series Prices Paid and Buying Experience" for additional feedback on what sort of selling price you should pay on this car right now.
Good luck and let us know if you have any other questions.
Car_man
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To recap Nov rates: money factor for a 2008 328i is .00075, residual 58% for 36 mo lease w 12k miles/year.
Do you expect the December rates to be better than current ones?
Thank you again.
Do you by any chance have the MF and Residual for a 2009 328i for a 36 month lease with 12K miles/year.
Thank you!
Thanks
Could you give me Nov MF's and Residuals for:
- 2009 328xi coupe
- 2009 Audi A4 Avant Premium Plus 2.0 Quattro
- 2009 Infiniti G37 Coupe AWD
All with Auto transmission and all with 3 years/36K, unless there's something that looks better (39, 42, etc.)
Thanks so much,
AD
Thanks,
Aamir.
How much should I expect to pay in fees (acquisition, disposition, dealer etc)?
I simply can't get a straight answer from any dealer in the area.
Thanks a lot.
I am reposting my previous inquiries as I need them in negotiating a deal.
First, kindly let me know how much should I expect to pay in lease fees (acquisition, disposition, dealer etc) and which one of them is a legitimate charge? I simply can't get a straight answer from any dealer in the area.
Secondly, do you believe that the Dec rates are better than the ones offered now (.00075 buy rate and 58% for 12k/36mo) for leasing a 2008, 328i w Premium Pack. and Auto. Trans?
Thanks a million for your advice.
I have an offer for 2008 328i with premium package.
36 month lease
15000 miles/year
Total Drive off $2000
$388 month plus tax
MSRP $36,775
Invoice $34,892
Cap Cost $33,300
Cap Reduction $1,179
Money Factor.00090
Residual $20,594
The salesman said that the money factor would be 0.00075 if I put a securiy deposit, otherwise it would be 0.0009. Also, he said he cannot waive the disposition fee of $350.
What do you think? Deal or no deal?
Thanks again
How much they r charging in fees? doc, acquisition, sec deposit etc...
Does it have a Premium Pack?
Thanks
for 1200 above invoice
he told me 1125 down 687/month after taxes good deal? or should i wait it out and get it cheaper.
also i finally found a 08 model with same options what should i aim for
I was offered the following for a 09' 328i (with sport, navigation, BMW assist and auto trans):
Selling Price- $500 over invoice
MF- 0.0015
Residual- 62% (36 month lease with 12K miles/year)
6% Maryland tax- $2,272.00; tag & process fee- $370.00; Acquisition- $925.00
Monthly payment- $552.00 (with only first month due at signing)
Your help is appreciated!
for 48,605 (1000 above invoice)
MF-.00090
residual-60%
8.25%tax in socal
12k/year
drive off is 1500
monthly payment is 750 including tax
is this a good deal or no?
Car_man
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Car_man
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Car_man
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This lease program is scheduled to run through the end of the year. It is possible that BMW would make an unscheduled enhancement to it in December, but it is difficult to say whether it will.
Car_man
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Car_man
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The numbers for an otherwise identical lease of an Audi A4 Avant Premium Plus through Audi Financial Services are .00202 and 54%.
The numbers for an otherwise identical lease of an Infiniti G37 Coupe AWD through Infiniti Financial Services are .00279 and 60%.
Car_man
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Car_man
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Car_man
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Car_man
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Once you have arrived at a selling price that you are comfortable with, have the dealer calculate your monthly payment using BMW FS' buy rate lease money factor of .00200 (for returning lessees or new ones who pay a security deposit) and you're all set.
Car_man
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Thanks for everything.
Great forum--very helpful.
Do you know the current lease terms for a 2009 335i coupe for a new buyer? 12K/36 months.
--Residual %
--Money Factor
--Spread between MSRP and invoice?
I'm getting quote money factors from 0.0017 to 0.00215. I figure various dealers are throwing around figures that are too low/high. I heard from one dealer, that some will lure customers in with a low money factor just to get the customer to sign for the lease and drive with the car; only to have 3 days later the lease rejected by the financing company and re-presented with a higher money factor that most buyers will then sign for to save the hassle of returning the car. That would be a total waste everyone's time!
Thanks
Peter
2008 328i
36 month lease
15000 miles/year
$1182.54 down payment
License Fee $291
Tax on Down $97.56
California Tire Fee $8.75
First Month's Payment including tax $420.15
(This equals Total Drive OFF $2000)
M.F. 0.0009
Cap Cost $33220
Doc Fee $45
DMV Electronic Titling Fee $28
Acquisition Fee $725
(This equals Gross Cap Cost of $34018)
Monthly Payment is $388.13 plus tax (=$420.15)
Residual $20594
What do you think?