Welcome wasabicky. BMW Financial Services' current base lease acquisition fee is $725. It charges this fee on every lease, but as you have seen...individual dealers often try to mark-up this fee in an effort to add hidden profit to deals. You definitely should try to get the dealer to remove the mark-up.
The 2009 335i Coupe that you're interested in probably has a spread of around $3,300 between its full MSRP and its dealer invoice price. Plus, BMW is providing a $1,000 cash incentive on leases of this car right now. That gives you a total of $4,300 to play with during your negotiations. You were quoted a discount of $4,150, which is a very good deal, even with the acquisition fee markup. Just make sure that the dealer uses BMW FS' buy rate lease money factor of .00175 to calculate your payment and you're in business.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Car Man, You quoted a lease rate from BMWFS of 00225 on a 10k 36 month rate on a 335i, but I noticed on another post you quoted 00175 rate. Why the difference?
We figured out that he was inflating the MSRP by $1000 to give us that deal! So we went with that idea and asked him for the same deal, offering $48,650 on a car in stock at an MSRP of $52,800 that we confirmed. He offered $49,300, indicating it's $200 over invoice price. I think we're going to take that deal and now make sure he's not taking it back with excessive fees! In his initial offer, he included the bank fee in the inception fees as well as amortizing it into the monthly payments! We're busting out our laptop during the calculations to check the math. =D
I saw a lease advertised from a lease broker on a 328I Sedan base model sign and drive 10K miles for 359 month plus tax. This is not a cap cost lease. Bank fees addtl. This seems like a very sharp deal.
Is this price possible? I have spoken to the rep there about some other cars but took notice of the BMW today. They show their price as 33,526.00 for this car.
Hi BeamerMan. I'm not sure why you saw two different numbers. Did I post the messages in different months? Either way, here's BMW's new July lease program for the 2009 335i. Its current buy rate lease money factor and residual value for a 36 month lease of this car with 10,000 miles per year are .00225 and 59%, respectively.
This lease program may be combined with the $1,260 option credit and $1,000 lease cash that are currently available on the 335i Sedan.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
hi, im looking at leasing a BMW 3 series as a company car. i just want to get an idea of how much i might be looking at with zero down. it would be great if i can get a price on a 12mo, 24mo, 36mo lease? coupe or sedan. thanks! dont drive much less than 12,000 miles for sure! thanks in advance.
Total Inception fees: $2833.26 - $1,000 (lease rebate) = Final driveoff $1833.41 includes $700 security deposit.
I'm not paying any cap costs upfront, just inception fees. 725 Acquisition fee 45 plus tax Doc Fee 659 First month 700 deposit 630 plus tax Registration/License
Monthly payment: 600.72 plus tax=$659.18 (9.75% CA tax)
I dont remember what the MSRP or invoice price was. For the most part I go by the bottom line. The price was given to me by an auto broker, not a local dealer in South Fla. Delivery might cost me $300.00. My local dealser squote me 596.00 and 616.00 showing the car at around 35K approx if I remember correctly. If you take these quotes here and multiply by the money facotr and residual of 59% you can get what they want "for the car. According to this salesman who is a straight shooter he claims the residuals are actually too high. He has worked at several luxury dealers and is a top salesman. He thinks that at 59% they need to sell the car for 23,000 approx and that 18K or so is a more relaistic price. He also mentioned that the 7 series sold like crazy but once the residual went way down, so did sales. I am confused on this one since the broker had such a great deal for this car...
I'm a bit confused by the posts and the rebates/incentives. For a new 3-series, one of the threads by CarMan notes that the money factor incentive in July is 0.0025 and residual of 59%. There's also cash back offers.
1) What is the 1260 option offer? What does that cover and to which vehicles does it apply?
2) The BMW website has special lease offers that seem very very attractive. If you plug in their numbers into a lease calculator (including MSRP and residual values), the only way to come up with monthly payments that low is to lower the money factor to 0.00115 (even while accounting for cap cost reductions and incentives). Is this real or what? Can these numbers be applied to any cars or are they just B.S.
3) My dealer is offering 0.00225 with 60% residual on a 328i xDrive with premium, cold package, and ipod and MSRP around 43050. He says that with just fees upfront, my monthly payments are around 550. Plugging these into the calculator places the sale price at around 40,500. Is this reasonable? It seems a bit high given the rebates etc.
I'm considering leasing a 2009 335i coupe. If I do, I'll be ordering with a manual transmission so I won't be taking advantage of any free steptronic incentive if there is one. I'm currently leasing a 2006 325i so I assume I would qualify for any loyalty incentive that might exist.
Do we know what the residual and money factor for this car are for July? I know the $1k incentive is still around. Anything else in the way of incentives that I might qualify for?
Anyone have updated leasing info and incentives for July? Dealer in Austin quoted me 58% residual for 12k on a 335i premium/sport package. But the money factor is terrible at .00265 (6.34%). Other than the 'free' auto trans, there appear to be no lease cash offers and no sales tax credits at this time. Sales tax credits are very useful in Texas as we have to pay the sales tax on the entire sales price of the vehicle.
Thanks. It appears the dealer here in Austin is giving me the money factor for a 48 month lease... Also, I see now the $1,000 lease cash. Just a couple of days ago, their lease special was showing a free auto transmission.
Hi tracknu. BMW is providing support on two year leases of this car...but a two year lease will still have a much higher monthly payment than a three year lease. Here's why. New vehicle's experience their most rapid drop in value during the first year of ownership. A 36 month lease gives lessees 12 more monthly payments to spread this initial depreciation hit out over.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi bgballin999. I would be happy to work up a sample lease payment on the car that you are interested in for you if you provide me with its full MSRP and its approximate selling price (or at least its dealer invoice price). The pricing data that I asked for is available in the New Vehicle Pricing section of Edmunds.com. Let me know and I'll crunch some numbers.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Total Inception fees: $2833.26 - $1,000 (lease rebate) = Final driveoff $1833.41 includes $700 security deposit.
I'm not paying any cap costs upfront, just inception fees. 725 Acquisition fee 45 plus tax Doc Fee 659 First month 700 deposit 630 plus tax Registration/License
Monthly payment: 600.72 plus tax=$659.18 (9.75% CA tax)
Hi bmwluver2000. $660 over dealer invoice plus the use of BMW FS' buy rate lease money factor and no acquisition fee mark-up is a pretty good deal on this car. I particularly like how the dealer wasn't trying to pull one over on you by marking up everything under the sun to add hidden profit to your deal. If you like the car, I personally don't see any reason not to go for it.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi aht. The $1,260 cash incentive that you've seen mentioned is an "option credit" that is being provided by BMW on the 328i Sedan. There is a larger $1,840 option credit on the 328i xDrive Sedan that you are interested in. I believe that this cash is to be used to provide free automatic transmissions on these vehicles. It is compatible with the $1,000 cash incentive on leases of these models.
The advertised payments that are mentioned on BMW's website are indeed real. They work out. Perhaps your calculations are off.
If I was in the market for this car, I personally would shoot for a selling price of $500 to $750 over dealer invoice minus the $2,840 in cash incentives. You can look up the invoice price for the exact model that you're interested in over in the New Vehicle Pricing section of this site.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi rjg001. Here's the information that you're looking for. You never mentioned how long you want to lease this car for or what mileage allowance you need, so for now I will have to make some assumptions. 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 335i Coupe with 15,000 miles per year are .00165 and 57%, respectively.
Since you aren't taking advantage of the free automatic transmission option credit, which actually isn't available on this trim level anyhow, the only cash incentive on this car right now is the $1,000 that you mentioned.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hello texashoser. The money factor that the dealer quoted you is too high. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2009 335i is only .00225. It appears as though the dealer that you are working with is attempting to mark your car's factor up to add additional hidden, back-end profit to your deal.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi bmwshopper79. This deal is remarkably similar to a deal that a community member named bmwluver2000 just posted. Are you two the same people? Here's what I said to bmwluver2000:
$660 over dealer invoice plus the use of BMW FS' buy rate lease money factor and no acquisition fee mark-up is a pretty good deal on this car. I particularly like how the dealer wasn't trying to pull one over on you by marking up everything under the sun to add hidden profit to your deal. If you like the car, I personally don't see any reason not to go for it.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
why is bmw quoting me .00165 on the money factor when it's posted at .00150?
right now most dealers are holding firm on 3k off of msrp on a 44.5 to 45k 328i coupe. my monthly on a 36 month 36k lease is around 588 including ca tax with 1290 drive off. what can i do to get them to drop about another one thousand?
I was recently quoted an only 54% 3-year residual value and .003 money factor for a 2009 M3 lease...both sounded like BS to me, considering the terms posted by BMW on 335 leases and financing in general. Would much appreciate it if anyone can shed light, since I don't have any other way to verify these. Thanks!
What are the current incentives available on an '09 328xi coupe with premium and automatic trans for a current bmwfs customer?
From what I've read, it seems that the coupe's money factor is more favorable than the sedan's (.00135 vs. .00225). Using the following MSRP of 43,900 with an invoice of 40,465 and assuming I could get it for $500 over invoice (minus incentives), please give me an idea of what I might expect to pay monthly for a 24/15 or 36/15 lease with required $ down.
My car isn't due back for another few months and they haven't offered me any sort of early lease return deal.
Finally, is it true that I can request a refund for miles I haven't used on my current car?
2009 335i manual M Package Premium Package Sport Package IPod, SAT Radio, Heated Seats MSRP: $50,970 Term: 36 months @ 15k miles a year Payment: $570 a month $3000 down, $2000 trade in Including fees it'll be about $5000 cash out the door for me.
They said I'll be paying $500 over invoice. Is this a good deal?
I am new to this forum.currently, i am in the market for a 328i with 3 years leasing/10,000miles a year. got few quotes from dealers. the best one i got is following:
MSRP 40,400 Invoice 37,723 selling price 36,600
$2,200 due at signing $450 + tax a month
Is this a good deal?
from previous posts, i found out that there is a option credit of $1260 to 328i. where can i find this info. i didnt see this on bmwusa.com.
$489 per mo 36 mos 10,000 miles per year MSRP $48,100.00 SAVE $3,690!Buy this Beautiful All Wheel Drive Coupe for only $45,410! Finished in Jet Black with Black Dakota Leather, this car is ready for you! Equipped with 230 Horespower Steptronic Automatic Transmission, Heated Seats, Navigation, Premium Package, Cold Weather Package, Sport Package, Paddle Shifters, Heated Steering Wheel, HD Radio, IPod/USB Adapter
MSRP $48,100, Selling Price $45,410, Save $2,690 + $1000 Rebate, Total Savings $3,690 ~ 10,000 MPY / 36 MONTH - $1000 Down plus Upfront Fees.
add that I saw that peaked my interest
can anyone break it down in terms of how good/bad, or real?
Hello. I was recently quoted a 36 month lease on a 2009 bmw 328xi awd, premium package, cold weather, navigation, 17" upgraded wheels - with 15k miles year - $599.00 month with $599.00 down and drive. Is this a good deal or am I missing something? They say the car is a $44k car (MSRP) and they are down to $38k (losing money).
you can do better. i did a deal two weeks ago. the selling price looks good. check the money factor and residual. seems like you're getting screwed there. it might added dealer profit or your credit.
my cap cost is nearly 5k more than yours but when money down is factored in, i pay 5 dollars more a month than you. then add the difference in allowable mileage which is approx 25 dollars. so my payment with all things being equal would be 30 dollars a month more than yours despite my cap cost being 5k higher. rule of thumb for every 1000 dollars negotiated it's about a 30 to 40 dollars a month difference in the lease depending on money factor and residual. so in my opinion you're paying over 100-120 more than you should be. when i see 38k for cap cost i'm thinking high 400s for your payment considering 15k a year..
this was my deal at mckenna in oc.
msrp was 48.3 cap cost 43.4
drive off 1500-they gave me 1000 cash
monthly payment 580
residual 61 percent
36 month 36k
alpine white with coral red interior, dark burl walnut.
sport, premium, cold weather, navi, sat radio, and steptronic
1) Am I getting a good price on the vehicle? 2) Am I getting a good lease?
New 2009 BMW 3-SERIES 0946 2dr Conv 335i
Includes: Metallic paint; Nav system; Premium Package; Sport Package; STEPTRONIC; Cold Weather Package; Comfort Access; iPod/USB; Sport Steering Wheel;
Edmunds says TMV is $57,968 tho ignores paint at $500 cost to dealer. Cars.com target price is $58,065. I'm having the alarm installed which dealer wants $895 for. I've got dealer to $58,736.68. See lease details below.
Looks like dealer is using .00220 for the MF (marked up from .00180).
Lease info: ----------------
State: WA County: KING Lease Term: 36 Total Payment: 920.65 Out of Pocket: 4,270.90 MSRP: 60,150.00 Residual: 34,887.00 Mileage: 12,000
Federal Consumer Leasing Act Disclosures (REG-M)
Amount due at lease signing (itemized below): 4,270.90 Total of Payments: 35,543.65 Customer State: Washington Customer County: KING Itemization of Payment Agreed Value: 58,736.68 a) Gross Capital Cost 58,736.68 b) Capital Cost Reduction -1,000.00 c) Adjusted Capital Cost 57,736.68 d) Residual 34,887.00 e) Depreciation Charge 22,849.68 f) Rent Charge 7,335.60 g) Total of base MP 30,185.28 h) Lease Term 36 i) Base MP 838.48 j) Monthly Tax 82.17 k) Personal Prop Tax 0.00 l) Excise Tax 0.00 m) Other Amounts 0.00 n) Total MP 920.65 Itemization of Gross Capital Cost a) Agreed Value: 58,736.68 b) AcquisitionFee 0.00 c) GAP Insurance 0.00 d) Document Fee 0.00 e) Warranty 0.00 f) Upfront Sales Tax 0.00 g) Service Tax 0.00 h) Cash Down Tax 0.00 i) Trade In Tax 0.00 j) Finance Tax 0.00 k) Tire Tax 0.00 l) Lic., Insp., Title, Reg. Fees 0.00 m) Other Fees 0.00 n) Total Capital Cost 58,736.68
Itemization of Amount Due at Signing a) Total Capital Cost Reduction 1,000.00 -Cap Reduction (Cash) 0.00 -Rebates 1,000.00 -Trade-In 0.00 b) Tax on Capital Cost Red. 98.00 c) First Monthly Payment 920.65 d) Last Monthly Payment(s) 0.00 e) Refundable Security Deposit 950.00 f) Acquisition Fee 925.00 g) Gap Insurance 0.00 h) Documentation Fee 0.00 i) Monthly Tax (Upfront) 0.00 j) Upfront Tax (not in Capital Cost) 0.00 k) Service Tax (not in Capital Cost) 0.00 l) Tire Tax (not in Capital Cost) 0.00 m) Lic., Insp., Title, Reg. Fees 227.25 n) Other Fees 150.00 o) Total Due at Signing 4,270.90 How the Amount Due at Signing will be Paid a) Net Trade-In Value 0.00 b) Rebates/Credits 1,000.00 c) Amount Paid in Cash 3,270.90 d) Total Due at Signing 4,270.90 Mileage Allowance The monthly payment and residual for this lease has been calculated using the following mileage allowance. You are allowed to drive 12,000 per year, 1,000 miles per month. If you exceed the mileage allowance for the lease term and do not purchase the Vehicle, you will pay 0.20 for each excess mile.
terrible lease. for 920 plus the nearly 100 dollars a month you put down for other costs, you can get a porsche carrera. you should be able to hammer at least 4k or more off of them. email some southern cali dealers where there are a glut of convertibles and general stock.
Thanks for the reply. What' so bad? The selling price is in line with Edmunds TMV. And the MF is not that different from BMW's base rate. Where am I getting screwed? What should I be paying in your opinion? Thanks...
I'm looking for 2009 BMW 328i Coupe in California and get really weird lease quotes from dealers. I want to try to calculate my monthly payment by myself. Does anyone know the Money Factor and Residual Value in August for 36 month lease and 12K miles per year?
Or could you help to calculate: MSRP: 43,000 Term: 36 month Miles per Year: 12,000 Down Payment: $2,000
Hi crocodiletears. The most likely explanation for your being quoted a higher money factor is that you are a non-returning BMW FS customer who wishes to have the security deposit waived on their lease. BMW FS will waive its security deposit requirement, the monthly payment rounded up to the nearest $50 increment to be paid at lease signing, in exchange for a .00015 money factor increase.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hello vz09. The money factor that you were quoted for the M3 that you are interested in looks about right. BMW is not currently providing any lease support on the M3s. As a result, if you were to lease one through BMW Financial Services, you would have to use its standard lease program.
The 54% residual value that you were quoted actually looks a little high to me. BMW's resids on M3s are pretty bad right now.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Hi mlong9876. BMW is currently providing $1,000 owner loyalty cash on the 2009 328xi Coupe. The money factors that you mentioned are correct. BMW's July lease program was scheduled to run through the end of August, but if it was going to introduce any unscheduled revisions to its program they likely would be announced this afternoon. I'll ask around and see if anything has changed.
Let's work up a couple of sample lease payments on this car for you using the latest program info that I've seen. According to my calculations, if you were to lease a 2009 BMW 328xi Coupe that has an MSRP of $43,900 and a selling price of $39,965 ($500 over invoice minus the loyalty cash) through BMW Financial Services right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $596. The payment for an otherwise identical 24 month lease would be around $622.
Normally lessees do not receive any sort of refund for unused miles.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Does anyone know when the 2010 lease programs will be released for the 3 series BMW? Looking for a manual 328xi coupe and since they are rare, I will need to order one, but no dealer can give me a price on one yet. Thanks.
Just signed a 36-month lease deal last Tuesday for a basic commuter 328i with Auto/Premium/Navi/Ipod in Metallic Space Gray, selling for $38,319 (MSRP $42,150). Net cap was $37,319 after the $1000 lease rebate.
The monthly came out to $471.88+tax at a MF of .00220 for 10k miles. The driveoff was a bit high at $2559.83 but that includes 1 refundable security deposit of $550 and the 1st month's payment. I wish BMW's acquisition/bank fee was a bit lower though, since $725 is pure profit for them.
I think if i chose black or silver I could've knocked off a couple hundred dollars from the sales price since those are the standard colors here in LA but oh well.
Hi enabl3d. $5,000 is way too much money to pay at signing on a lease. I always advise consumers to put as little money down as possible on leases. Consumers who pay a lot of money at signing risk losing part or all of it if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be a little higher, it will be much safer to go with a zero down lease.
As far as this car's selling price goes, $500 over dealer invoice may or may not be a good deal. Whether it is depends upon whether it is before or after the available cash incentives are deducted. BMW is currently providing $1,000 loyalty cash and a $1,260 option credit on this model. If you are eligible for the loyalty cash or if this car is eligible for the option credit, or both and these incentives are not being taken into account on your deal then you are actually paying much more than $500 over invoice. If you aren't eligible for either of these allowances or if the $500 over invoice is after they have already been taken out, then this is an excellent selling price.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Welcome fatb. The selling price that you were quoted is a little over $1,100 under dealer invoice, or slightly over invoice once the $1,260 option credit is taken into account. As long as you aren't eligible for the $1,000 owner loyalty cash that BMW is also providing on leases of this model, this is an outstanding selling price. If you are a returning BMW FS customer, then this price is still decent, but obviously not quite as good.
I don't believe that BMW is advertising the option credits that it is providing on select 3-Series Sedans, but trust me it definitely exists.
One other thing, BMW dealers are notorious for marking up vehicles' money factors to add additional, hidden back-end profit to deals. Make sure that the dealer that you are working with uses BMW Financial Services' current buy rate lease money factor of .00220 to calculate your car's payment.
Car_man Host Prices Paid: Buying & Leasing Experiences Forum
Comments
The 2009 335i Coupe that you're interested in probably has a spread of around $3,300 between its full MSRP and its dealer invoice price. Plus, BMW is providing a $1,000 cash incentive on leases of this car right now. That gives you a total of $4,300 to play with during your negotiations. You were quoted a discount of $4,150, which is a very good deal, even with the acquisition fee markup. Just make sure that the dealer uses BMW FS' buy rate lease money factor of .00175 to calculate your payment and you're in business.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
We figured out that he was inflating the MSRP by $1000 to give us that deal! So we went with that idea and asked him for the same deal, offering $48,650 on a car in stock at an MSRP of $52,800 that we confirmed. He offered $49,300, indicating it's $200 over invoice price. I think we're going to take that deal and now make sure he's not taking it back with excessive fees! In his initial offer, he included the bank fee in the inception fees as well as amortizing it into the monthly payments! We're busting out our laptop during the calculations to check the math. =D
Is this price possible? I have spoken to the rep there about some other cars but took notice of the BMW today. They show their price as 33,526.00 for this car.
Thanks
Rob
This lease program may be combined with the $1,260 option credit and $1,000 lease cash that are currently available on the 335i Sedan.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
328i
12/36
With Leather (3350.00 Option)
460 plus tax in South Fla (6%)
No CAP COST! out of pocket security 450
Bank Fee 725
First Month 450
with 1000 down on a 335 sedan and or a 335 conver with 12,000 miles a year
s it smater to do a 24 month lease ?
12 miles a year ...
i just want to get an idea of how much i might be looking at with zero down.
it would be great if i can get a price on a 12mo, 24mo, 36mo lease? coupe or sedan. thanks! dont drive much less than 12,000 miles for sure!
thanks in advance.
2009 335i Sedan
MSRP: $48,375
Cap Cost: $43,855 ( Option Credit of $1,260 applied)
Invoice : $44,455
TMV: $45,400
Seems to me after taking out the $1,260 credit, I'm about $660 over invoice. Should I be at invoice?
36 months
12,000 miles/year
Residual: 58% or $28,057.50
MF: .00225
Option Credit: $1,260
Lease Rebate : $1,000
Total Inception fees: $2833.26 - $1,000 (lease rebate) = Final driveoff $1833.41 includes $700 security deposit.
I'm not paying any cap costs upfront, just inception fees.
725 Acquisition fee
45 plus tax Doc Fee
659 First month
700 deposit
630 plus tax Registration/License
Monthly payment: 600.72 plus tax=$659.18 (9.75% CA tax)
Rob
1) What is the 1260 option offer? What does that cover and to which vehicles does it apply?
2) The BMW website has special lease offers that seem very very attractive. If you plug in their numbers into a lease calculator (including MSRP and residual values), the only way to come up with monthly payments that low is to lower the money factor to 0.00115 (even while accounting for cap cost reductions and incentives). Is this real or what? Can these numbers be applied to any cars or are they just B.S.
3) My dealer is offering 0.00225 with 60% residual on a 328i xDrive with premium, cold package, and ipod and MSRP around 43050. He says that with just fees upfront, my monthly payments are around 550. Plugging these into the calculator places the sale price at around 40,500. Is this reasonable? It seems a bit high given the rebates etc.
Thanks...
Do we know what the residual and money factor for this car are for July? I know the $1k incentive is still around. Anything else in the way of incentives that I might qualify for?
http://www.e90post.com/forums/showthread.php?t=279671
Bmwusa.com is still showing a $1,000 cash incentive on 3 series leases. I'm probably going to buy this time around with 1.9% financing available.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I have this current quote on the 335. Do you think I can do better?
2009 335i Sedan
MSRP: $48,375
Cap Cost: $43,855 ( Option Credit of $1,260 applied)
Invoice : $44,455
TMV: $45,400
Seems to me after taking out the $1,260 credit, I'm about $660 over invoice. Is this good or should I be closer or below invoice pre-$1,260 credit?
36 months
12,000 miles/year
Residual: 58% or $28,057.50
MF: .00225
Option Credit: $1,260
Lease Rebate : $1,000
Total Inception fees: $2833.26 - $1,000 (lease rebate) = Final driveoff $1833.41 includes $700 security deposit.
I'm not paying any cap costs upfront, just inception fees.
725 Acquisition fee
45 plus tax Doc Fee
659 First month
700 deposit
630 plus tax Registration/License
Monthly payment: 600.72 plus tax=$659.18 (9.75% CA tax)
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The advertised payments that are mentioned on BMW's website are indeed real. They work out. Perhaps your calculations are off.
If I was in the market for this car, I personally would shoot for a selling price of $500 to $750 over dealer invoice minus the $2,840 in cash incentives. You can look up the invoice price for the exact model that you're interested in over in the New Vehicle Pricing section of this site.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Since you aren't taking advantage of the free automatic transmission option credit, which actually isn't available on this trim level anyhow, the only cash incentive on this car right now is the $1,000 that you mentioned.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
$660 over dealer invoice plus the use of BMW FS' buy rate lease money factor and no acquisition fee mark-up is a pretty good deal on this car. I particularly like how the dealer wasn't trying to pull one over on you by marking up everything under the sun to add hidden profit to your deal. If you like the car, I personally don't see any reason not to go for it.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
right now most dealers are holding firm on 3k off of msrp on a 44.5 to 45k 328i coupe.
my monthly on a 36 month 36k lease is around 588 including ca tax with 1290 drive off. what can i do to get them to drop about another one thousand?
I was recently quoted an only 54% 3-year residual value and .003 money factor for a 2009 M3 lease...both sounded like BS to me, considering the terms posted by BMW on 335 leases and financing in general. Would much appreciate it if anyone can shed light, since I don't have any other way to verify these. Thanks!
What are the current incentives available on an '09 328xi coupe with premium and automatic trans for a current bmwfs customer?
From what I've read, it seems that the coupe's money factor is more favorable than the sedan's (.00135 vs. .00225).
Using the following MSRP of 43,900 with an invoice of 40,465 and assuming I could get it for $500 over invoice (minus incentives), please give me an idea of what I might expect to pay monthly for a 24/15 or 36/15 lease with required $ down.
My car isn't due back for another few months and they haven't offered me any sort of early lease return deal.
Finally, is it true that I can request a refund for miles I haven't used on my current car?
Thank you
M Package
Premium Package
Sport Package
IPod, SAT Radio, Heated Seats
MSRP: $50,970
Term: 36 months @ 15k miles a year
Payment: $570 a month
$3000 down, $2000 trade in
Including fees it'll be about $5000 cash out the door for me.
They said I'll be paying $500 over invoice. Is this a good deal?
Thanks
I am new to this forum.currently, i am in the market for a 328i with 3 years leasing/10,000miles a year. got few quotes from dealers. the best one i got is following:
MSRP 40,400
Invoice 37,723
selling price 36,600
$2,200 due at signing
$450 + tax a month
Is this a good deal?
from previous posts, i found out that there is a option credit of $1260 to 328i. where can i find this info. i didnt see this on bmwusa.com.
thank you
10,000 miles per year
MSRP $48,100.00
SAVE $3,690!Buy this Beautiful All Wheel Drive Coupe for only $45,410! Finished in Jet Black with Black Dakota Leather, this car is ready for you! Equipped with 230 Horespower Steptronic Automatic Transmission, Heated Seats, Navigation, Premium Package, Cold Weather Package, Sport Package, Paddle Shifters, Heated Steering Wheel, HD Radio, IPod/USB Adapter
MSRP $48,100, Selling Price $45,410, Save $2,690 + $1000 Rebate, Total Savings $3,690 ~ 10,000 MPY / 36 MONTH - $1000 Down plus Upfront Fees.
add that I saw that peaked my interest
can anyone break it down in terms of how good/bad, or real?
thanks
my cap cost is nearly 5k more than yours but when money down is factored in, i pay 5 dollars more a month than you. then add the difference in allowable mileage which is approx 25 dollars. so my payment with all things being equal would be 30 dollars a month more than yours despite my cap cost being 5k higher. rule of thumb for every 1000 dollars negotiated it's about a 30 to 40 dollars a month difference in the lease depending on money factor and residual. so in my opinion you're paying over 100-120 more than you should be. when i see 38k for cap cost i'm thinking high 400s for your payment considering 15k a year..
this was my deal at mckenna in oc.
msrp was 48.3
cap cost 43.4
drive off 1500-they gave me 1000 cash
monthly payment 580
residual 61 percent
36 month 36k
alpine white with coral red interior, dark burl walnut.
sport, premium, cold weather, navi, sat radio, and steptronic
1) Am I getting a good price on the vehicle?
2) Am I getting a good lease?
New 2009 BMW 3-SERIES 0946 2dr Conv 335i
Includes: Metallic paint; Nav system; Premium Package; Sport Package; STEPTRONIC; Cold Weather Package; Comfort Access; iPod/USB; Sport Steering Wheel;
Edmunds says TMV is $57,968 tho ignores paint at $500 cost to dealer. Cars.com target price is $58,065. I'm having the alarm installed which dealer wants $895 for. I've got dealer to $58,736.68. See lease details below.
Looks like dealer is using .00220 for the MF (marked up from .00180).
Lease info:
----------------
State: WA County: KING
Lease Term: 36
Total Payment: 920.65
Out of Pocket: 4,270.90
MSRP: 60,150.00
Residual: 34,887.00
Mileage: 12,000
Federal Consumer Leasing Act Disclosures (REG-M)
Amount due at lease signing (itemized below): 4,270.90
Total of Payments: 35,543.65
Customer State: Washington
Customer County: KING
Itemization of Payment
Agreed Value: 58,736.68
a) Gross Capital Cost 58,736.68
b) Capital Cost Reduction -1,000.00
c) Adjusted Capital Cost 57,736.68
d) Residual 34,887.00
e) Depreciation Charge 22,849.68
f) Rent Charge 7,335.60
g) Total of base MP 30,185.28
h) Lease Term 36
i) Base MP 838.48
j) Monthly Tax 82.17
k) Personal Prop Tax 0.00
l) Excise Tax 0.00
m) Other Amounts 0.00
n) Total MP 920.65
Itemization of Gross Capital Cost
a) Agreed Value: 58,736.68
b) AcquisitionFee 0.00
c) GAP Insurance 0.00
d) Document Fee 0.00
e) Warranty 0.00
f) Upfront Sales Tax 0.00
g) Service Tax 0.00
h) Cash Down Tax 0.00
i) Trade In Tax 0.00
j) Finance Tax 0.00
k) Tire Tax 0.00
l) Lic., Insp., Title, Reg. Fees 0.00
m) Other Fees 0.00
n) Total Capital Cost 58,736.68
Itemization of Amount Due at Signing
a) Total Capital Cost Reduction 1,000.00
-Cap Reduction (Cash) 0.00
-Rebates 1,000.00
-Trade-In 0.00
b) Tax on Capital Cost Red. 98.00
c) First Monthly Payment 920.65
d) Last Monthly Payment(s) 0.00
e) Refundable Security Deposit 950.00
f) Acquisition Fee 925.00
g) Gap Insurance 0.00
h) Documentation Fee 0.00
i) Monthly Tax (Upfront) 0.00
j) Upfront Tax (not in Capital Cost) 0.00
k) Service Tax (not in Capital Cost) 0.00
l) Tire Tax (not in Capital Cost) 0.00
m) Lic., Insp., Title, Reg. Fees 227.25
n) Other Fees 150.00
o) Total Due at Signing 4,270.90
How the Amount Due at Signing will be Paid
a) Net Trade-In Value 0.00
b) Rebates/Credits 1,000.00
c) Amount Paid in Cash 3,270.90
d) Total Due at Signing 4,270.90
Mileage Allowance
The monthly payment and residual for this lease has been calculated using the following mileage allowance. You are allowed to drive 12,000 per year, 1,000 miles per month. If you exceed the mileage allowance for the lease term and do not purchase the Vehicle, you will pay 0.20 for each excess mile.
Or could you help to calculate:
MSRP: 43,000
Term: 36 month
Miles per Year: 12,000
Down Payment: $2,000
Thanks in advance.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The 54% residual value that you were quoted actually looks a little high to me. BMW's resids on M3s are pretty bad right now.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
Let's work up a couple of sample lease payments on this car for you using the latest program info that I've seen. According to my calculations, if you were to lease a 2009 BMW 328xi Coupe that has an MSRP of $43,900 and a selling price of $39,965 ($500 over invoice minus the loyalty cash) through BMW Financial Services right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $596. The payment for an otherwise identical 24 month lease would be around $622.
Normally lessees do not receive any sort of refund for unused miles.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
What is the expected money factor and res?
What should my payment be with zero money down and if I use the MSD's?
Help!!
The monthly came out to $471.88+tax at a MF of .00220 for 10k miles. The driveoff was a bit high at $2559.83 but that includes 1 refundable security deposit of $550 and the 1st month's payment. I wish BMW's acquisition/bank fee was a bit lower though, since $725 is pure profit for them.
I think if i chose black or silver I could've knocked off a couple hundred dollars from the sales price since those are the standard colors here in LA but oh well.
As far as this car's selling price goes, $500 over dealer invoice may or may not be a good deal. Whether it is depends upon whether it is before or after the available cash incentives are deducted. BMW is currently providing $1,000 loyalty cash and a $1,260 option credit on this model. If you are eligible for the loyalty cash or if this car is eligible for the option credit, or both and these incentives are not being taken into account on your deal then you are actually paying much more than $500 over invoice. If you aren't eligible for either of these allowances or if the $500 over invoice is after they have already been taken out, then this is an excellent selling price.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
I don't believe that BMW is advertising the option credits that it is providing on select 3-Series Sedans, but trust me it definitely exists.
One other thing, BMW dealers are notorious for marking up vehicles' money factors to add additional, hidden back-end profit to deals. Make sure that the dealer that you are working with uses BMW Financial Services' current buy rate lease money factor of .00220 to calculate your car's payment.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum