BMW 3-Series Lease Questions

15253555758111

Comments

  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi mpt1. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 335xi Sedan with 15,000 miles per year are .00200 and 56%, respectively.

    BMW is reducing this money factor by .00030 and providing a $1,000 cash incentive on this car for current lessees.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • lihkinlihkin Member Posts: 7
    Hi Car_man,

    I am looking to lease a BMW 328i Coupe for 36 months and 15K miles per year. Could you please let me know the money factor and residual values available currently (for 36 months and 30 months term). My dealer said that the coupe does not have the $1000 cash back to returning lessees. Is that true?

    Thanks a ton,

    Nik
  • lihkinlihkin Member Posts: 7
    Another question Car-man,

    How does the 528i drive compared to the 328i? They both have the same engine, but the 528i is bigger. The reason I ask is because the 528i has a sweet deal on it now ($2,500 cash back for returning customers and 0.00145 MF).

    Thanks,

    Nik
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey socalcar1. Here's the information that you're looking for. BMW Financial Services' current 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 .00175 and 57%, respectively. The residual value for a lease with only 12,000 miles per year is 2% higher.

    The only cash incentives that are available on this car right now are for returning customers.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Nik. Here's the info that you're looking for. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 BMW 328i Coupe with 15,000 miles per year are .00180 and 58%, respectively. The money factor for a 30 month lease is exactly the same, but the residual value is 61%.

    What the dealer told you is correct, BMW's current owner loyalty promotion is only available on 3-Series Sedans, not the Coupes.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Nik. I personally prefer the 5-Series to the 3-Series. Of course, the 5 is more expensive.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • socalcar1socalcar1 Member Posts: 24
    Car Man:

    My local dealer here in Southern CA just emailed me that the rates have gone down - he quoted .00135, and then said something about "conquest" money that's applied to the drive off? Does this mean anything to you? Are these incentives available to everybody or just loyalty customers? Thanks very much.
  • lihkinlihkin Member Posts: 7
    Hi Car_Man,

    Thanks for your previous responses. Could you please also let me have the MF and Residual for the 2009 335i Sedan with 15K miles per year? Is it 0.00145 (for returning customers) with residual of 57%? And is the $1,000 cash back also in place (for returning customers)?

    Thanks,

    Nik
  • lihkinlihkin Member Posts: 7
    Hi again Car_Man,

    My dealer just called and informed me that the MF on the 328i for returning lessees has dropped to 0.0009- which is crazy. On top of it there is the $1,000 cash back. With this I can't justify getting a 335i which is almost $110 or so extra per month for the same configuration. Apart from the horsepower, do you think there is any other reason not to go for the 328i Sedan?

    Thanks,

    Nik
  • lihkinlihkin Member Posts: 7
    Hi Car_Man,

    So my dealer is offering me a 328i Sedan as follows:

    MSRP: $44,075
    Sale (before rebate): $40,770 ($200 over invoice and including destination)
    36 months lease
    15,000K miles per year
    $0 Down

    Lease Payments: $545 a month (with CA taxes).

    Does it look good?

    Also is the 'Destination and Handling' fee different from 'Acquisition' or 'Bank' fee?

    Thanks,

    Nik
  • jason_jm2005jason_jm2005 Member Posts: 8
    lihkin, what dealer is that in socal? also how did you manage to get 328 up to such a high MSRP? every single option?
  • lihkinlihkin Member Posts: 7
    Hi jason- yeah it's in LA (8.25% tax) and I have got it fully loaded (except the sports package). I am in touch with two- New Century and Pacific BMW. I prefer the latter as they are in my area. Both are offering great discounts. For returning lessees, the MF is 0.0009 and they are also giving $1K cashback.

    Cheers,

    Nik
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey socalcar1. When I looked into the new program last week I didn't hear anything about conquest cash or enhanced money factors on the 3-Series. BMW is providing conquest cash on the 5- and 6-Series though. Perhaps the dealers freaked out when they saw that the new March program for the 3 is worse than the Feb program was and BMW was forced to enhance its original program. Cutting support in this sort of retail environment is a sure way to guarantee that you have one terrible month. I'll make some calls and see what I am able to find out.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Nik. BMW's originally announced lease program for March for a 36 month lease of a 2009 335i Sedan with 15,000 miles per year were .00200 and 48%, respectively. BMW is providing a .00030 money factor reduction and $1,000 loyalty cash to returning lessees on this car. As I mentioned in my previous post, this lease program is worse than BMW's February program and it would not surprise me if it was forced to enhance it at some point, given the current retail environment.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi Nik. Of course, all things being equal I would much rather have a 335i over a 328i. Of course, the 335 is much more expensive than the 328. If I was in the market for a "3" I personally would probably save the money and go with the 328.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello lihkin. $200 over dealer invoice before the deduction of any available cash incentives is an excellent price for an '09 3-Series. The destination charge is indeed different from the acquisition fee. All vehicles that are sold in the U.S. have a separate destination fee that is essentially part of their MSRPs and invoice prices. You cannot avoid paying dest.

    Just make sure that the dealer is using BMW FS' buy rate lease money factor to calculate your payment and you're in business.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • murphy4murphy4 Member Posts: 92
    Does BMW offer a lease for more than 15k a year? Does it make sense money wise.

    Thanks....Car-man
  • groundslothgroundsloth Member Posts: 9
    I have an exisitng lease that is expiring in May and my dealer is telling me that the March 09 BMW FS lease deals can only be locked for 30 days and not for 60 days as they used to be. Anyone else heard of this?
  • socalcar1socalcar1 Member Posts: 24
    thank you Car Man. I am eager to hear what you confirm - or not! Thanks again.
  • htownpimp786htownpimp786 Member Posts: 80
    I was trying to understand the market for buying a car right now in terms of pricing!

    I am looking at purchasing a 2009 BMW 328i sedan in Houston, TX.

    I was told by the dealership I visited that any 3 series sedan can be had for 3% OVER invoice. He said on average there is a 7% mark-up on those vehicles and he would let me take my pick at anything they have for 3% over invoice.

    Is that reasonable? I have seen others on the forum say that they are getting cars at invoice or below for the 2009 models? What should I be looking at paying for this car?

    I was looking to finance and take advantage of the 0.9% for 60 months with them paying for the first 2 car payments! Are there any benefits to leasing in terms of the PRICE of the car (any rebates or etc for leasing?)

    Please HELP! =)
  • darryl_bmwdarryl_bmw Member Posts: 4
    Can someone please give me the latest residual values for the 2009 335i convertible? I am looking for 12k miles/36 months and am looking to do ED in late June. I am currently leasing a 330i so will be eligbile for loyalty cash/rates. Can someone tell me if I am eligible for the loyalty cash on this car? How about the financing deals (pay for up to 2 months)? Anyone have the latest residuals and MF rates (for Chicago and for Florida, where I am based)? I head that they improved the March rates just recently ... is this true? Should I look for about ED wholesale +1500 dealer profit?
    Thanks!
  • jason_jm2005jason_jm2005 Member Posts: 8
    hmmmm, I just had a thought, is that sales tax at 8.25 gonna stay there even when the taxes go to almost 10% on apr 1st?

    also if I am leasing a bmw now (2007 3 series) and its almost up, but my lease somehow went to USBANK instead of bmw financial, do I still qualify as a returning lessee?

    your deal seems good lihkin, may follow suit by adding sports pack and subtracting a few other things to come out at around $44k

    of course what I would really like is the 328 convertible, but those things seem pricey..... cant seem to get away for less than 700-800 per month with decent options....
  • topgun7topgun7 Member Posts: 412
    "also if I am leasing a bmw now (2007 3 series) and its almost up, but my lease somehow went to USBANK instead of bmw financial, do I still qualify as a returning lessee? "

    You should look at your paper work for the 2007. I bet your lease is signed with US bank and from BMW perspective, all they did back in 2007 was sold you a car.. You never have any relationship with BMW financial and not qualify for the return leasee.. Good luck..
  • leftystacksleftystacks Member Posts: 2
    Hey Guys,

    If I start my lease in March (before the CA sales tax increase in April) is it locked it in at 8.25% for the duration of the lease??
  • leftystacksleftystacks Member Posts: 2
    Hey Guys,

    What is the current money factor and residual factor on a 335i sedan at 10k/yr, 3 yr. lease in California?
  • greeneyespsugreeneyespsu Member Posts: 139
    I'm also interested in the answer to this.. I'm afraid it may be 8.25% only for March and then 9.25% every month thereafter since you pay sales tax each month and not in one lump sum like you do in a purchase. :confuse:
  • kyfdxkyfdx Moderator Posts: 267,150
    Doubtful... tax is collected each month, not in advance..

    When the rate goes up, your tax will likely increase, as well...

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • my328imy328i Member Posts: 3
    do your homework, thoroughly. there are good deals to be had...i just got a '09 328i, monaco blue at invoice flat (inclusive of MACO and training)...no money down. as you suggest, you absolutely want to know MSRP and invoice, residual %, and money factor. you can easily calculate your monthly. how does this dealer get to $368 / mo? do the math...what are they jamming you with. money down is ridiculous on a lease.
  • southsidelonnysouthsidelonny Member Posts: 2
    Could someone please provide me with the current Money Factor and Residual Factor for a 2009 335xi Coupe; 12k miles and 36 months.

    I tried to find elsewhere on forum and could not.

    I apologize if this has been provided before and appreciate the help!
  • Firebird_EOUFirebird_EOU Member Posts: 250
    2009 BMW 335xi Coupe - 12k miles a year
    24 Month – Residual 64% of MSRP – .00205 Base Rate
    36 Month – Residual 59% of MSRP – .00205 Base Rate
    48 Month – Residual 40% of MSRP – .00250 Base Rate
  • sl517sl517 Member Posts: 19
    "do your homework, thoroughly. there are good deals to be had...i just got a '09 328i, monaco blue at invoice flat (inclusive of MACO and training)...no money down. as you suggest, you absolutely want to know MSRP and invoice, residual %, and money factor. you can easily calculate your monthly. how does this dealer get to $368 / mo? do the math...what are they jamming you with. money down is ridiculous on a lease"

    Did you also have to pay an acquisition fee? Was this paid on signing or rolled into your Cap Cost? The invoice price you used was Edmunds invoice? I was told by the dealers that MACO was added on top of invoice. thanks

    sl517
  • southsidelonnysouthsidelonny Member Posts: 2
    Thanks!

    Does anyone have a feel for how much over invoice for a 335xi coupe (MT) is reasonable? Does $400 sound right or should this car go at/below invoice?

    Thanks.
  • LillianCPALillianCPA Member Posts: 3
    Hi
    I would be curious to hear the answr to this too. The only thing i can think of is residuals are recalculated and may be worse now that the car is older. If you release the car, you would think you could get a lower price because car is worth less. Also you run the risk of having to buy more runflat tires ( or whatever tires you have).. I would be curioius to hear though myself the answer to this one
    thanks
  • JoeSMJoeSM Member Posts: 20
    Hello CarMan - could you please share the mf and residual of a 2009 328i sedan and coupe, mercedes 300c, and audi a4 front wheel drive, 36 month 10k/year? Thanks for your help in getting great lease deals over the years.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey murphy4. 15,000 miles per year is the highest mileage allowance that BMW Financial Services publishes residual values for. You can still lease a car through it if you need to drive more than that, you will just need to purchase additional miles on a per-mile basis. It is less expensive to do so at lease signing than it is to wait until the scheduled end of your lease and have to pay an excess mileage penalty.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey socalcar1. To the best of my knowledge BMW has not made any enhancements to its originally announced 3-Series programs for March.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here's the info that you're looking for, Darryl. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 335i Convertible with 12,000 miles per year are .00205 and 58%, respectively.

    BMW is only providing loyalty cash on 3-Series Sedans right now, not the Convertibles.

    If you choose to finance this car instead of lease it, you can do so through BMW FS at 2.9% for up to 5 years and have your first two monthly payments waived.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hey leftystacks. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 335i Sedan with 10,000 miles per year are .00200 and 59%, respectively.

    For returning customers, BMW is providing a $1,000 loyalty cash incentive and a .00030 money factor reduction.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hello Joe. Over the years? You're making me feel old ;). Here are the numbers that you are looking for (36 months, 10,000 miles per year)

    '09 328i Sedan: .00175 and 60%
    '09 328i Coupe: .00180 and 61%
    '09 300C: .00165 and 56%
    '09 A4 Sedan 2.0T Premium FWD: .00085 and 54%.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • my328imy328i Member Posts: 3
    i did pay acquisition fee...non-negotiable on any bmw i've ever gotten, and as far as i understand never negotiable. i paid upfront for this (but could certainly be rolled in). where is invoice different than edmunds invoice? i also used consumer reports, which was the same invoice price. i've been told differently re MACO. each dealer in North Jersey, PA and Manhattan told me it is invoiced to the dealer. I defer to the Car Man??
  • caren1caren1 Member Posts: 13
    Any way to know whether the deals will be better in April for a lease on the 328i sedan and/or convertible?
  • don_juan5don_juan5 Member Posts: 1
    i asked a sales dude today, and he said not sure either.

    anybody know if the financial would be even better during april?
  • darryl_bmwdarryl_bmw Member Posts: 4
    Thanks Car_man.
    Can you just update these for April please? I heard that the residual is the same but that the mf dropped to 0.00180. If I am doing ED then it should be marked up by 0.0003, correct? Any loyalty cash or other incentives available for loyalty from BMWFS?
    I am being quoted currently at 1300 over ED invoice, and they are not budging. Sound fair?
    Thanks, Darryl
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, Darryl. BMW Financial Services' new April buy rate lease money factor and residual value for a 36 month lease of a 2009 335i Convertible with 12,000 miles per year are .00180 and 58%, respectively. In addition to this better lease money factor, BMW added $1,000 lease loyalty cash on this trim level for April. This is better than the March program was, so you're lucky that you didn't pull the trigger yet.

    BMW enhanced this car's finance rate to from 2.9% to 0.9% as well.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • su70su70 Member Posts: 5
    Found out yesterday that April numbers have improved to a .0017 money factor and $1000 loyalty $ for this model.
  • groundslothgroundsloth Member Posts: 9
    Hey Car_man. Would you be so kind and post the BMWFS April lease deal for a 2009 335xi coupe with 15K miles and 36 months?

    What are the loyalty incentives on this car as I am returning a lease.

    Thanks.

    -A
  • carrerahcarrerah Member Posts: 23
    Hello Car_man,

    Would you mind please providing April's money factor and residual for a 328i sedan for a 12,000 mile lease. Also, do you now if the loyalty cash is still in effect at $1,000? Is there still a .00030 discount to the mf as well?

    Thans for your help!
  • investor27investor27 Member Posts: 59
    Hi Carman,

    Can you provide the April lease number for the 335xi sedan, 36 months, 10K-15K? If I am not a current BMW owner, is it possible to negotiate that additional $1000 "loyalty" money off? Has anyone else who has never owned a BMW successfully done so? Thanks for everything.
  • carleasercarleaser Member Posts: 8
    Could someone please provide BMWFS' April's money factor and residual % for 2009 335i and 328i sedans for 12k and also 15k for 36 months? What is the money factor discount for loyalty?

    Thanks in advance!
  • tedhnytedhny Member Posts: 5
    Car_Man,

    Would 10k yearly miles change that?

    Also, is the loyalty $ good for someone currently leasing a BMW through a bank?

    Thanks,

    Ted
This discussion has been closed.