BMW 3-Series Lease Questions

bdr127

I'm looking at leasing a new 2009 335i sedan and wondering what the MF and residual are for Pennsylvania, 36 months, 10k miles/yr.

I'm currently in a BMWFS lease, so I assume I get the security deposit waived... Is that right?

People have been talking on here about an incentive, and sometimes people say "328i" and sometimes they say "3-series". Could you please clarify if that applies to the 2009 335i?

Also, do you know how taxes are calculated on a lease in PA? This is my first lease in this state.

Thank you for your help!

df2009

Hi,

Looking for BMW FS' February MF and residual value for 328xi Sedan, 36 month lease, 12k miles/year.
Also is there any applicable incentives like 1500 they had back in January?

Thanks alot!

eights38

Hi df2009,

2008 BMW 328xi Sedan
24 Months - 10,000 Miles per Year - 62% Residual - 0.00115 Money Factor
27 Months - 10,000 Miles per Year - 60% Residual - 0.00115 Money Factor
30 Months - 10,000 Miles per Year - 59% Residual - 0.00115 Money Factor
36 Months - 10,000 Miles per Year - 57% Residual - 0.00115 Money Factor
39 Months - 10,000 Miles per Year - 52% Residual - 0.00115 Money Factor
42 Months - 10,000 Miles per Year - 48% Residual - 0.00115 Money Factor
* Subtract 1% from stated residual for 12,000 miles per year. Subtract 3% from stated residual for 15,000 miles per year.
* For loyal BMW customers, the money factor drops to 0.00085 and there is $1,000 in lease cash available. This program expires on 3/2/2009.

2009 BMW 328xi Sedan
24 Months - 10,000 Miles per Year - 67% Residual - 0.00175 Money Factor
27 Months - 10,000 Miles per Year - 64% Residual - 0.00175 Money Factor
30 Months - 10,000 Miles per Year - 63% Residual - 0.00175 Money Factor
36 Months - 10,000 Miles per Year - 60% Residual - 0.00175 Money Factor
39 Months - 10,000 Miles per Year - 55% Residual - 0.00175 Money Factor
42 Months - 10,000 Miles per Year - 51% Residual - 0.00175 Money Factor
* Subtract 1% from stated residual for 12,000 miles per year. Subtract 3% from stated residual for 15,000 miles per year.
* For loyal BMW customers, the money factor drops to 0.00145 and there is $1,000 in lease cash available. This program expires on 3/31/09.

Please let me know if you have any more questions.

Best,
Matt
eights38@gmail.com

bdr127

Any chance you have that same info for the 2009 335i sedan, eights38?

eights38

Good morning bdr127,

Please let me know if you have any more questions.

2009 BMW 335i Sedan
24 Months - 10,000 Miles per Year - 65% Residual - 0.00200 Money Factor
27 Months - 10,000 Miles per Year - 63% Residual - 0.00200 Money Factor
30 Months - 10,000 Miles per Year - 62% Residual - 0.00200 Money Factor
36 Months - 10,000 Miles per Year - 59% Residual - 0.00200 Money Factor
39 Months - 10,000 Miles per Year - 55% Residual - 0.00200 Money Factor
42 Months - 10,000 Miles per Year - 51% Residual - 0.00200 Money Factor
* Subtract 1% from stated residual for 12,000 miles per year. Subtract 3% from stated residual for 15,000 miles per year.
* For loyal BMW customers, the money factor drops to 0.00170 and there is $1,000 in lease cash available.

Best,
Matt
eights38@gmail.com

nkc

Does anyone know what the policy is for locking lease rates with BMWFS? I seem to remember that if you submitted your application online you were locked for 90 days. I am looking to order a car which means 3 months to delivery but the dealer is saying he can't guarantee my lease price because rates may change. Can anyone shed light on the real story?

thx much!

NKC.

kyfdx

Usually... the lock is good for 60 days from the expiration date of the current program...

So.. for a car ordered this month, the lock would be good until the end of April..

I've heard that the West Coast has a 90 day lock from the expiration of the current month, but I'm not sure that is accurate for all programs..

It does take a little longer to get cars to the West Coast... But, no matter where you are, I'm surprised that your dealer doesn't think he can get your car delivered within the rate lock period. If you live in an area with more than one dealer, you might want to shop around for a more accomodating dealer.

regards,
kyfdx

sluurrpee

Looking for some input on the invoice price of a 328i coupe or any BMW for that matter. According to edmunds.com the invoice is $41,600 so I offered a sell price of $42,400, $150 less than the TMV per edmunds, to counter his offer of $43,450. The dealer repsonded saying I was asking for a price below invoice because of MACO, PDI and training fees. Is this true? Is there really $800+ in these fees above the invoice that edmunds reports or is the dealer trying to pull something? Thanks for the help.

LillianCPA

Hello
I am a 9 year BMWFS customer with excellent credit. My lease is coming due in May. I am looking at 335 sedan and coupe. W

1. With the economy, what do you believe would be a reasonable negotiation above invoice ( prem package, cold weather and sport pkgs). Last BMW i paid $ 900 over invoice. With the bad economy , can i get away with less over invoice?
335 sedan? how about a coupe, what is lowest you think can negotiate over invoice? how bout a convertible, are people paying more than $ 900 or less than that over invoice these days?

2.I read that for good customers, the lease factor can be adjusted. Is that something you have to ask dealer to do or would they tell you about it and is it available all the time for good customers?

3. If a car has to be ordered, do you have less negotiating possibilities?

Thanks everyone!!

TheSnake

I'm also really interested in the same info on the 2009 335xi sedan and coupe with 20K miles. Thanks in advance!

The Snake

Tyler_Durden

My lease on a 06 3-series is up in April, now looking to get into a vert. Can someone post the Lease rates for the 09 328i Conv ?

Also, are there are BMWFS loyalty discounts for the verts, or just the sedans? I know the sedans have the reduced MF and $1000 lease cash. Thanks!

campion

i am enterested in buying or leasing a 2009 750i series i just received a price quote from a dealer msrp $82,125 price $78,295 3yr 10k per year $1523.87 per month $1,722 down. I could use some advice as to what would be a fair per month lease amount or what i should pay for a purchase. I'd like to have an answer from carman whenever he has the info necessary. i am not ordering any options. thank you transaction will be either in nh or fl

cntv121

Hi eights38,

Do you know the residual and money factor for an 09 328i coupe for 12K & 15K miles?

Thanks!

eights38

Hi cntv121,

2009 BMW 328i Coupe
24 Months - 10,000 Miles per Year - 65% Residual - 0.00180 Money Factor
27 Months - 10,000 Miles per Year - 64% Residual - 0.00180 Money Factor
30 Months - 10,000 Miles per Year - 64% Residual - 0.00180 Money Factor
36 Months - 10,000 Miles per Year - 61% Residual - 0.00180 Money Factor
39 Months - 10,000 Miles per Year - 57% Residual - 0.00180 Money Factor
42 Months - 10,000 Miles per Year - 53% Residual - 0.00180 Money Factor
48 Months - 10,000 Miles per Year - 41% Residual - 0.00275 Money Factor
* Subtract 1% from the Stated Residual for 12,000 Miles per Year. Subtract 3% from the Stated Residual for 15,000 Miles per Year.

Please let me know if you have any more questions.

Best,
Matt
eights38@gmail.com

CarMan@Edmunds

Hi banker2. You never mentioned how long you want to lease this car for or what mileage allowance you need so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different.

BMW Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2009 328i Sedan with 15,000 miles per year are .00150 and 57%, respectively.

BMW is running a special loyalty promotion this month for current BMW FS lessees. If you are one, it will reduce the above money factor by .00030 and give you a special $1,000 cash incentive.

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CarMan@Edmunds

Hi cbp1. Typically banks are unwilling to lower the end if term purchase prices of leased vehicles, but occasionally they will. Don't bother involving your dealership. Place a call directly to BMW Financial Services and see if they will be willing to work with you. Chances are they won't, but you don't have anything to lose by trying.

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CarMan@Edmunds

Good question, outie. I don't see a lot of European Delivery posts, so you will probably have to ask your dealer to make certain that I am correct. I suspect that you have two options on a Euro Delivery vehicle. You can lock in the current lease program when you place your order and opt to go with that, or the one that is available when you physically take delivery of your new vehicle...whichever is better.

Let me know if this is right. Enjoy your trip to Europe. I'm jealous. With the U.S. dollar absolutely skyrocketing versus the Euro and Pound, this is an excellent time to go.

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CarMan@Edmunds

You are correct, bdr127. As a current BMW Financial Services' lessee you will have the security deposit on your new lease waived for free.

As far as the incentives on the 335i go, BMW is currently providing 2.9% financing for up to 5 years with the waiver of consumers' first two payments

or

a special lease program that features an additional $1,000 cash incentive and a .00030 money factor reduction for returning lessees

I am not personally familiar with how sales tax is calculated on leased vehicles in Pennsylvania, but you may be able to find out by visiting one of the following sites: Pennsylvania Department of Transportation or Pennsylvania Department of Revenue.

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CarMan@Edmunds

Hi LillianCPA. Most dealers are pretty desperate for business right now. If I was in the market for a new 335 Sedan I personally would shoot for a couple hundred dollars over dealer invoice and see what happens.

BMW Financial Services' current buy rate lease money factor for the '09 335i Sedan is .00175. This is the lowest money factor that BMW FS will charge on this car. It is providing a special money factor reduction of .00030 this month for returning lessees, which you would qualify for. So make sure that the dealer calculates the payment for your new car using a money factor of .00145. If they use anything higher than that they are trying to mark your car's factor up to add additional, hidden profit to your deal...as BMW dealers are notorious for doing.

Typically speaking, dealers are more interested in cutting a thin deal on a vehicle that they have in inventory than on an ordered vehicle. A bird in hand is worth two in the bush so they want to get you in your car and out the door as soon as possible. Not to mention the fact that selling a vehicle that is on their lot enables them to stop paying floorplan on it.

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CarMan@Edmunds

Greetings Tyler_Durden. I can't believe that your username wasn't taken yet. The first leasing is you do not talk about leasing :P .

OK, back to our regularly scheduled program. BMW's lease program varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different.

BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 328i Convertible with 15,000 miles per year are .00200 and 58%, respectively.

Unfortunately, the special loyalty offers that you have seen mentioned are only available on 3-Series Sedans, not the Convertibles.

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CarMan@Edmunds

Hi campion. This particular discussion is for community members to talk about leasing the BMW 3-Series. You will probably have better luck in getting an answer to your question about the 7-Series by posing it here: "BMW 7-Series Lease Questions". Thanks.

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Tyler_Durden

Thanks Car_man. I'm looking at a 36mo/10K lease. Can you give me the adjusted residual & MF for 10K/year lease ?

bdr127

Thanks Car_man. I'm looking at a 36mo/10K lease. Can you give me the adjusted residual & MF for 10K/year lease ?

For 10K, increase the residual by 3% and keep the same MF.

bdr127

Good question, outie. I don't see a lot of European Delivery posts, so you will probably have to ask your dealer to make certain that I am correct. I suspect that you have two options on a Euro Delivery vehicle. You can lock in the current lease program when you place your order and opt to go with that, or the one that is available when you physically take delivery of your new vehicle...whichever is better.

Let me know if this is right. Enjoy your trip to Europe. I'm jealous. With the U.S. dollar absolutely skyrocketing versus the Euro and Pound, this is an excellent time to go.

With Euro Delivery, you actually sign all the paperwork and start paying on the car before you even pick up the car.... In effect, you own the car before you even see it. (Yes, weird, I know.) Once everything is signed and paid for (whether by cash, finance contract, or lease contract), the dealer notifies the Euro Delivery people and they arrange the delivery date.

So, to answer your question, you can't do anything with pricing when you take delivery of the car in Munich. However, you can lock in the lease program when you place the order for the car, and then compare that with the lease program when you actually sign the paperwork before you go to Europe. Does that all make sense?

banker2

Thanks, Carman. I was interested in 36 months, 12K miles per year. I believe the 12K miles will bump the residual percentage up a bit, but not sure how much. Also, it appears BMWFS money factors have come down over the last month or two. Thanks again

cavaleri

Hello, my wife just called to inform me that BMW is asking us to come in early to negotiate a new lease for a new 328xi, citing some incentive to the tune of $3000 off, whatever that means.... Our current 325xi sedan is due in July, and we're over our 15K limit by about 2000 miles. I wasn't very happy with our original lease price I had received, totally my fault, as I didn't know I had any negotiating power (1st time lease customer). We wound up paying $544/mo for our vehicle.

I'm trying to go in a little more informed this time around. Can someone provide me with a resource as to where I can find the current incentives, money factor, etc., for an 08 or 09 328xi? I'm not sure if they are going to try to offer an 08 or 09, or if there are any particular incentives that would make the 08 preferable. Also, if anyone can provide any suggestions as to how to approach the negotiation, that would be great. I don't know if they are going to hit us with a bunch of unexpected 'dings' to the cost of getting out of this lease (i.e. the mileage, tires, etc.). The car is in great condition, only the usual minor wear of a vehicle 3 years old.

Thanks in advance for any insights!

su70

I'd like any information that anyone can share on current lease deals, rebates, money rates, and residuals on the above vehicles in the Boston area. I have a 2007 328xi coupe that is coming off lease in April and need to replace with one of the above. Most likely a 24 month lease with 12,000miles. Appreciate the help!

bubulik

Hi there,

I have my 2 yr lease on a 2007 328i coming due in March '09. I am trying to get a sense of how feasible it is to have my lease extended for another year under the same terms and conditions. Currently paying around $400 a month. Given the state of the economy and uncertainty, how likely is it that dealers will try to be welcoming to the idea of extending the same lease? My dealership is (understandably so) trying to steer me toward buying the car back, or getting a new car. They keep saying the monthly will be very high if I were to extend the lease. One would think that between the option of returning my car or, extending my lease for a year, the dealer should be more inclined to extending the lease with the future prospect of me getting a new car next year when things (hopefully) look better. I live in the Seattle area.

Any suggestions on the feasibility of this option? Thx for any information.

su70

Hi eights38 -

Can you give me the money factors and residuals for the 2009 328xi coupe and sedan. Also does the loyalty reduction on the money rate apply to these? How about the $1500 rebate. Thanks.

skobola

I believe that your dealer has advised you correctly. At one time I wanted to do the same, and the re-leasing of the same car came to a much higher lease price, due to residual being drastically lowered for such much older car and the residual in original (i.e., initial) lease being pretty high, as it was the case with BMW cars before. The only option that you have is to extend your current lease for up to 6 months, but after that you shall get another BMW. I do not now how they control that, as I never went that long with it - my longest extension was 2 months, when I ordered a new Bimmer, and then waited with the currently leased car for it to arrive. All of that went smooth, i.e., no problems whatsoever.
The long story short, see if you can manage by extending your lease for up to 6 months, which should go pretty smoothly, as described above. If you need more time than that, I believe that the best for you will be to return the car, and than take over somebody else's lease, based on the time that you will need to have that car leased.

CarMan@Edmunds

Ah ha. Now I know. Thanks for the great info, bdr127.

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CarMan@Edmunds

You're welcome, banker2. BMW FS' 12,000 mile per year residual values are 2% higher than its 15,000 mile per year residuals.

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CarMan@Edmunds

I can help you out with the information that you're looking for, cavaleri. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 328xi with 15,000 miles per year are .00150 and 57%, respectively.

The numbers for an otherwise identical lease of a 2008 328xi are .00115 and 54%.

If you were to lease with only 12,000 miles per year, these cars' residual values would be 2% higher.

For returning customers, which you are, BMW is providing a special $1,000 cash incentive and a .00030 money factor reduction. I don't believe that BMW is providing any cash incentives on these cars other than that.

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CarMan@Edmunds

Hi su70. Here's the information that you are looking for. BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2009 328xi Coupe with 12,000 miles per year are I don't think that BMW is providing lease support any longer on '08 3-Series Coupes..00175 and 64%, respectively.

BMW is providing some owner loyalty cash on 3-Series Sedans, but nothing on the Coupes right now.

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su70

Thanks car_man.

comohombre

Car Man,

Has the moneyfactor dropped on the 2009 328i from .00175 to .0015?

Comohombre

bubulik

Thanks skobola.Helpful information.

Best case scenario for me is to extend my lease for a year to see how the economic situation shapens up. But the terms wont be attractive like you mentioned. Seems like the only reason the dealer would do the extension is only if I were to get a new car and would have to wait for it to arrive.

I'll probably would have to return my car, then consider getting a new one when things look more certain. One would have thought the dealers might bend backwards to hold onto existing customers.

pj94z

2009 328i Coupe (brand new car--not a demo)
Titanium Silver metallic paint over black leatherette
6 speed manual
sport package with sport seats, steering wheel, upgraded wheels and tires, trim
heated front seats
Bluetooth and 4 years paid BMW Assist
iPod/USB adapter
xenon adaptive lights

MSRP: $40775
dealer invoice: $38125
sale price = $38125 including gas, mats, detail, and wheel locks
residual: 61%
money factor: 0.00195 with waived security deposit
36 month lease
10,000 miles per year

with $2800 total due at signing (includes 1st month's payment) = $498.12 including all taxes and fees.

Is this a good deal?

What items above can I negotiate in my favor? (price,money factor,mileage/yr?)

I really want a 335i coupe - but I want payment under $500 with little down.

Thanks

buynewbimmer

I am a current BMWFS lessee, and I’m picking up a new 2009 335i Sedan that I ordered back on January 2, 2009. I locked the favorable December 2008 program numbers when I ordered, on the last day of the December program. The 36 month/36k mile lease, when I locked, had a residual of 62% and MF of .00175. Starting with the January program, on January 3, 2009, of course, the MF went up and the residual went down.

What I’m trying to figure out is whether I qualify for the new loyalty cash ($1,000) and the MF discount (.0003), while still keeping the MF and residual from the December program.

It seems that I should be entitled to both, no? Or does the fact that I locked the December program MF and residual mean I don’t get it unless I switch to the February program?

Any insight would be appreciated.

Thanks!

kyfdx

Money factors and residuals are linked on lease programs... You can't mix and match one from one month, and one from another..

I'm sure you can get the new money factor, if you are willing to take the new residual that goes along with it. I'm also guessing that is not a good deal.

Congratulations on getting an extra $1000 off your deal, though!

regards,
kyfdx

comohombre

Does anyone know whether the moneyfactor dropped on the 2009 328i from .00175 to .0015?

Comohombre

mpt1

Do you have this same info for a 2009 335xi? Thanks.

sdgirl

I've been offered the following for a 36 month/10k lease of a 2008 330i with premium & sport (w/paddle shifter) packages, navigation, ipod, Titatnium silver, MSRP of $49,050, negotiated price $44,500, .0001 money factor, 54% residual, $1,000 down with a payment of $577.75 including 7.75% tax. They noted that 12k miles a year is an extra $10/month. This seems like a good deal, is it? The current offer expires tomorrow as they tell me they will have new lease rates on 3/3 and they claim not to know what those are. I'm interested in a 2008 as it seems like a better deal right now than a 2009, is that correct?

sdgirl

Oops, on the previous post I meant to note the car as 2008 335i...

socalcar1

CarMan can you please give me the current money factor and residual rates for the 2009 328i assuming 12,000 and 15,000 miles? I live in Southern California. I am not a returning or existing BMW owner, but if there are any other rebates, incentives or programs I should be aware of please let me know that as well. Thanks very much.

onib

I'm coming up on the end of my 3-yr lease for my 2006 325i. I only have 18000 miles (out of 30K) on the car and just placed 2 new run-flat tires on the car because they were worn (and I assumed I'd be extending the lease). The car dealer from whom I leased just called me (on my cell and home phone, also emailed) sounding somewhat frantic about how we need to decide my next step. I expressed to him that money was tight and I wanted to extend my lease 1 more yr (warranty is 4 yrs so am still covered). He sounded annoyed and said he would take care of me. I'm following up with him soon to see what he has to offer. Can anyone imagine why I shouldn't extend the lease 1 more year if I can't affort to make a down payment on a new lease? Many thanks for any feedack.

CarMan@Edmunds

You're very welcome, su70.

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CarMan@Edmunds

Hi comohombre. BWM's March lease money factors for the 3-Series are actually slightly worse than they were in February. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 328i with 15,000 miles per year are .00175 and 57%, respectively.

BMW will lower this money factor by .00030 and provide a $1,000 cash incentive to current lessees aka loyal customers.

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CarMan@Edmunds

Hi pj94z. Dealer invoice is about as good as you are going to get on a lease of a new 328i Coupe. Furthermore, the money factor that you were quoted is right in line with BMW FS' current buy rate for a 36 month lease of this car with a waived security deposit to a non-returning lessee. If you like the car, go for it. This is probably as good as it is going to get right now.

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CarMan@Edmunds

Hi comohombre. BMW Financial Services' buy rate lease money factor for the 2009 328i was .00150 in February. Unfortunately, it is back up to .00175 in March. BMW will reduce this factor by .00030 for returning lessees.

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