BMW 3-Series Lease Questions

CarMan@Edmunds

Hello bassholic. BMW Financial Services' December buy rate lease money factor and residual value for a 36 month lease of a 2010 328i Convertible with 15,000 miles per year are .00180 and 59%, respectively.

If you were to lease this car with only 12,000 miles per year, its residual values would be 2% higher.

When negotiating your lease on this car, make sure to take advantage of the $1,500 cash incentive that is currently available on it.

You won't have to start making payments on a lease of an ordered vehicle until you physically take delivery of it. It is in your best interest as a consumer to put as little money down as possible when leasing. However, the dealer may want you to provide them with some sort of deposit to order a vehicle for you. Just make sure that it's not too large and that it is fully refundable.

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CarMan@Edmunds

Hey bassholic. The second set of numbers is the correct one.

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CarMan@Edmunds

Hey gundo. This car's money factor is the same, regardless of mileage allowance. However, its 10,000 miles per year residual value is 3% higher than its 15k resid.

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CarMan@Edmunds

Hi rdear. BMW allows consumers who order vehicles to lock in the lease program that is available at the time that they place their order. When your car physically arrives you then should have the option of using the program that you have locked in or the one that is available then, whichever is better.

BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 328i Sedan with 15,000 miles per year are .00250 and 59%, respectively.

You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.

The current lease program is scheduled to run through January 4th. It will almost certainly change in January.

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CarMan@Edmunds

Hi streetglyd. I'm not surprised that BMW Financial Services requires dealers to adjust the residual values for demo vehicles that already have thousands of miles on them. Individual dealers do not have the authority to alter BMW FS' residual values. They have to use whatever it dictates.

On the other hand, the money factor is a different story. Individual dealers have the ability to "mark up" banks' buy rate lease money factors to add additional hidden back-end profit to deals. That appears to be what's happening here. BMW Financial Services' current buy rate lease money factor for the 2009 328i is .00210 for returning customers or new ones who opt to pay a security deposit at lease signing. This factor would increase to .00225 for new customers who wish to have their security deposit waived. Don't pay any more than that. If this dealer is unwilling to use the buy rate to calculate your payment, tell them that you'll shop around until you find one that will.

You absolutely should put as little money down as possible when leasing your new car.

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CarMan@Edmunds

Hi bmwleaser1. The money factors that you came up with are too low. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2010 328i xDrive Sedan is .00240.

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CarMan@Edmunds

Here you go, urnzway. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 328i Sedan with 10,000 miles per year are .00250 and 62%, respectively.

The numbers for an otherwise identical lease of a 2010 335i Sedan are .00205 and 60%.

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CarMan@Edmunds

Hi tomcatm3. BMW is not currently providing any lease support on the M3. As a result, if you were to lease one though BMW Financial Services you would have to use its standard lease program. The money factors that you mentioned are right in line with BMW FS' current standard rates. That's a good thing. I'm actually surprised that the dealer that you're working with didn't try to mark these factors up on you. If you want to lease an M3 right now, this is as good as it is going to get.

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CarMan@Edmunds

Quick answer for jkenney1...

BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 328i Coupe with 12,000 miles per year are .00205 and 61%, respectively. If you were to lease this car with only 10,000 miles per year, its residual value would be 1% higher.

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CarMan@Edmunds

Unfortunately, you will not derive any benefit from the fact that you are a current BMW FS lessee if you lease a new BMW right now other than the waiver of its security deposit requirement without having to mark your money factor up.

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urnzway

Thanks for the information! I am curious if those are common lease rates across the country or does it depend on geography? I am in NC and am getting quoted a mf of .0029 and 62% on the 328i ; .00245 and 60% on the 335i. I figured they are most likely holding out on me but just wanted to confirm before going back to them. Thanks.

jaytee1220

Hi Guys,

I'm new to the forums and just wanted your opinion on the lease quotes I received from BMW. I'm from northern New Jersey and the quotes I received are below:

1. 2009 328i x-drive sedan - heated seats, power front seats, and ipod
MSRP: $40,195 Price: $30,843
This is an executive demo car that has 9,915 miles. Is it safe to lease a demo car? I read on some website to stay away from these.
$400 per month for 36 months (15k per year; $3,000 out the door)

2. 2010 328i x-drive sedan - premium package
MSRP: $40,390 Price: $38,864
$560 per month for 36 months ($15k per year; $3,000 out the door)
They also told me add $60 to $80 per month to that lease price if I wanted the coupe.

Let me know what you guys think about these quotes. Thanks.

bassholic

Excellent numbers and it seems like it is affordable for you. There is nothing wrong with the executive demo.

jaytee1220

Hey Guys,

What is the December money factor and residual for 36 month/ 15,000 mi. per year lease for a 2010 328i x-drive sedan. I am from the northern New Jersey area (not sure if that makes a difference). The vehicle I have in mind is automatic w/ premium package and monaco blue metallic paint. According to edmunds:

MSRP: 41,650
Invoice: 38,375

Can I expect to deal the price to be 300-500 over invoice not including the Holiday Credit? Does this seem reasonable? Thanks.

sw33train

Hi everyone! Car-man (or anyone?),

I was offered a fully loaded 2009 335i coupe with automatic transmission for $5500 at signing, 500/month (includes tax) for a 36month lease. The MSRP was 51-52K and the "selling price" offered was 43K. They told me it was "2K less than invoice" but I'm not sure of the exact money factor or what other fees that may have hidden. I was told they used a MF of 0.0025 and 60% residual but I didn't see the actual number. I can't get the numbers to work out right cuz it seems like my monthly should be lower? Is this a good deal nonetheless? the car itself is amazing but I don't want to be pushed into the higher price bracket if it's not a good deal since I originally wanted a 328i Sedan! Just couldn't get very good deals on the 328. PLEASE advise :-D :confuse:

mycrv

Hi Guys,
Can someone tell me if the Deal which I got for a 2010 3 series sedan is a good one or should I bargain for more ? I live in bay area , CA. I am not aware of the 2009 december deals. I am not taking both sports & premium pkg.

2010 328i Sedan Base MSRP $30,220
Monaco Blue Metallic $500
Value Package $0
STEPTRONIC automatic transmission $1,260
Comfort Access keyless entry $455
Logic7 sound system with Surround Sound and Digital Sound Processing $795
Destination & Handling: $825
Maco Fee: $400
Tech and Trainning: $180
Total Dealer Invoice as Built: $34,635

Order for $34,735 Plus tax, Lic and Doc Fee (55)

Lease for 36 months at 10k per year. Just drive offs due at signing plus Holiday rebate. 449/mo plus tax.

Thanks,
Chris

moronta

Hello Car_Man and others knowledgeable on the topic,

I am looking to lease a 2010 328xdrive sedan with sports package, navigation and comfort access and xenon headlights for 36 months and 12k/yr on miles. When I build it on the BMW website I get an MSRP of $40,825; on edmunds.com the factory invoice price I am getting is $37,570 and $39,246 for what others are paying.

I have the following questions:

What is the money factor and residual value for this model?

How do I calculate my payment with tax in the state of NY?

What fees does BMW expect you to put down at drive off (don't want to pay any cap cost reduction)?

Also, since they are giving a $1,500.00 holiday credit on this car, would I subtract that from the invoice in trying to negotiate a decent price?

Whats the best way to go about leasing? e-mails, phone calls, or going in person to the dealer? I have a 9-5 job and I want to this the most convenient way possible. I've been doing a lot of research for many months and want to get a good deal by being well informed. Thanks for all your help and for the great forum.

Jesse

dts34

Hello Car_man

I ordered a 335d a few months ago (Aug 2009) to "lock in" the 4500 eco credit. Car included the sport and premium packages. Now we're negotiating the lease terms. My current BMW lease ends this month so I'm a loyal customer.

1- What should the resid and MF be for 3 year 12k miles per year?

2- Are there any additional incentives on a lease I negotiate now or does the original eco credit not combine with any current program?

3- if I lease instead of purchase do you know if the $900 tax credit and the other savings from the american recovery and reinvestment act still apply or do they only apply if I purchase? If they dont' apply to a lease should I consider a purchase instead of a lease due to these additional savings?

I mostly need to know answers to 1 and 2 as soon as possible since the deal has to be done soon, if you happen to know answer to 3 please include, otherwise I appreciate answer to 1 and 2

Thanks so much!

moronta

I spoke with a dealer about the following car. 2010 328i xdrive coupe 36 mos 12k/yr. With the following options: sports package, coral red/black dakota leather, comfort access, navigation, heated front seats, manual transmission.

MSRP: $43,875
Res: 61%
MF: .00205
Neg Price: $40,960.00, dealer says this $100.00 over invoice and it includes the holiday credit, is this a good price?, shouldn't the holiday credit bring the price down some more?

Drive off: $1,715.03, includes first month, security deposit and other fees. No cap cost reduction

Monthly payment: $563.40, includes NYC tax at 8.875%. Is this a good deal or should I be getting a better price for this with the holiday money BMWFS is giving?

dts34

hello
by the way, I'm in California if that matters as far as the money factor goes...

mackeys

CarMan,
Do you have the numbers for the same scenarios, but for a 335i convertible?

john7548

I have 335i that is coming off lease at the end of February. I'm going to lease a 328i to replace this vehicle. I've gone to our local dealership where I've leased or purchased a number of BMW's over the past years. I haven't had any problem with agreeing on a price but I'm confused on one subject. They have to order the vehicle and since the vehicle won't arrive until February I'm being told that I probably won't receive the holiday credit which expires in early January. I'm alright wiith this but I'm not alright with locking in the MF and residual. I always believed that if the MF went lower when the vehicle arrived I would get the lower rate. I also think I should get the benefit of any program BMW has in place at the time I take delivery of the vehicle...Is this thinking correct?

jpfive

Looking to lease a 335i in Tampa, FL vicinity in the next 2 weeks. To current shoppers, what sort of deals are dealers offering as the year wraps up? Anything better than the holiday lease offering?

The current BMW advertised offer of $419/mo with 3,500 down seems pretty good. Probably about $520/mo with $0 down.

jpfive

Today, I'm getting dealer offers over the internet that are close to or worse than the advertised offer. Most have MSRP in the 46-49 range, with dealers asking for 5-6k initial and 440-490/month for 3 year 10k/yr lease. Haven't gotten cap cost or MF numbers from any.

Perhaps a good deal would be something along the lines of invoice minus holiday credit and .00205 MF.

I believe the 3/36 lease is 57% residual and .00205 MF
Anyone know the 3/30 lease numbers?

hudgee

I've been making some moves on the 09's, but I'm not getting any bites from the dealers. Talked to one today that wanted $771/month on a 335i convertible (56k MSRP). Anyone getting any decent offers?

bassholic

Just signed the paperwork for a 2010 328 convert.

No money down and 500 over invoice

3/36

They were going to wave the SD and raise the MF .00015 but i decided i'd rather put my money into a SD. With that said drive off is 476.56

My negotiating tied in with the holiday credit took care of

1st month payment
Security deposit
Dealer conveyance fee
Registration
Possibly VIN Etching

as mentioned, i paid 476.56 for the above items - My MF is .002

kyfdx

What is the MSRP and monthly payment?

bassholic

52,200 MSRP, 696.80 monthly payment

mower

I have been asked to pay a $725 Acq Fee for the lease of a 2010 328i-c.
Can someone explain to me what this money covers? Thanks. mower

kyfdx

It's a fee that goes to the leasing bank that writes the lease.. An unfortunate reality that is on almost every lease written.

What does it cover? It covers the $725 that the bank requires to write the lease....

regards,
kyfdx

ffxjack

I was all set on leasing a Infiniti G37 but went to test drive the 335xi which is definitely making me reconsider at least a little bit.
I wanted the NAV, bluetooth, USB, leather seats, automatic, keyless entry/ignition.

I got a quote of 800/month x36month (with no money down due to holiday credit) and 15,000 miles/yr which is over my budget.

If I put money down, will that decrease my monthly payments by more than I put down divided by 36? I actually will need 17,000 miles/yr at least. Is it unrealistic to expect this car closer to 600/month?

mower

Many thanks for the explanation pertaining to the Acq Fee. I just signed an order for a 2010 328i-c. It will be made specific to my requirements. I want to thank all for the info pertaining to leasing. The info I received from comments throughout the last two months assisted me in getting the right car at the right price. Take care.

mower

scrooge276

I was ready to pick up my 335d tomorrow, Monday the 4th until I have done some additional research. Originally I went in for a 335xi and they happened to have a diesel inbound, which came in so I decided to drive it and decided to go with it. I was told they are in very high demand and that they almost always sell at list. I managed to get them to come down $850 on the list, and of course the $4500 eco credit because I am a previous customer of the dealership. The payment is coming in at $746 (includes CT 6% tax) with only $900 towards cap cost (I am throwing in the tax credit I will get now into the deal. As compared to the 335xi I was going to get, it is still $75 more per month but I figured the gas savings would wash most of that out. The cars are identical other than the 335d has metallic paint. This is for 15,000 miles, 36 months. Also would be curious to know what the MF was on that deal. I am being told it is .00270 whereas online I am seeing .00245 everywhere. Looking for any advice... They are being generous on my trade, by $500-$1000 so I am keeping that in mind. Thanks for any guidance!

anowlan

I paid $1250 over invoice on my 2010 335d. And got the ecocredit. So it sounds a little high still even with the generous trade allowance. With the ecocredit I got $8k off a $57.7k msrp

scrooge276

Thanks for this. I was able to re-work the deal this morning and it all came together. Ended up $1500 over invoice so was very happy with that. They still claimed at the end these cars are in very high demand and they always go for list. First time for everything I guess.

voldermort

I have a dealer telling me that he can't find the car i want - and that the folding down seats in the rear are not available. the only options I want is the Preimium package, and heated steering wheel, and fold down back seats. This dealer in (201) NJ dealer is telling me he has only one vehicle - said car has the premium value package and navigation @MSRP of 43,315 and would sell @39,350 NOT including doc/preparation/acuisition feewheel locks, carpeted mats - and the Holiday value of $1,500 be applied later not in the math of the deal. Is this a good deal? I wld like to lease it 36 month - I would only pay the NY taxes up front and the bank fee up front and 1st payment, I was quoted $518.47!
Also, I have spoken to 4 dealers, all in NJ and told them I was looking for two (2) vehicles, no color preference, and with the PVP, folded rear seat, (& one car with heated steering wheel)> YOu would think they would want to give me a sweet deal, but they don't. Anyone know of a dealer that wants my business? BTW I forgot to mention that one vehicle is for my daughter, who is ending her lease next week, and the other vehicle is for my husband - isn't there a BMW Loyalty discount we get as well for both vehicles? Car_Man can you help me?

voldermort

Can someone fill me in on the bank fees this year? I remember them being 625.00. Also, any other "junk" fees that dealers add to this, and what are they? Thank you.

john7548

Voldermont:

Only replying the the folding rear seat you mention. I don't know why they just don't include this as standard equipment on any 3 series. Same problem in California. Literally no cars with cold weather package or folding rear seats. We had to order the car to be built. That is such a handy option for this vehicle I don't see why more don't come equipped with the folding seats...

kyfdx

You make a good point... Folding rear seats is rare as a stand-alone option... Look for cars with the Cold Weather Package... It has the folding seats, as well as heated seats and headlight washers..

Also, base acquisition fee is now $725.

voldermort

thank you guys! Well, it really is frustrating when the dealers tell you that it doesn't come with the CWP and that it's just not "really" an option. BMW is making everyone crazy, and the dealers are confusing us and making us crazy!

anowlan

Sounds like they really want to sell you a car they have in stock, not one you want. CWP is really nice. The heated wheel is really nice, too and worth every penny of the $150 they charge on some models. BMW will extend your lease if you have a car on order. Why not just order the car you really want?

kyfdx

The CWP is an $1150 option.. Just go to BMWUSA.com and "build your own", and you can see what is in every package..

• Retractable headlight washers
• Heated front seats
• Fold down rear seats

CarMan@Edmunds

You're very welcome, urnzway. Sorry for the delay in my response...I took some time off for the holidays.

BMW's current lease program does not vary by region. If you were quoted a higher money factor than the one that I mentioned, there's a good chance that the dealer you are working with is attempting to mark your car's factor up to add additional back-end profit to your deal. BMW dealers are notorious for doing so.

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CarMan@Edmunds

Hi voldermort. A while ago BMW Financial Services raised its acquisition fee on leases from $625 to $725. If you are being asked to pay any more than that, the dealer is marking up your fee to pad your deal.

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tnoxid

Does anyone know the current residual value and MF BMW FS is applying on a 328i Sedan, with 15k miles per year? I'm also returning customer if that makes any difference.

The current offer for a 328i sedan on BMWUSA.com is $379 (excl. tax) a month. Based on the numbers they provide in the T&C's, I estimate they are using a 63% residual with a MF of ~0.00145. That's for 10k miles per year though. If anyone has any recent quotes, I would appreciate it - I'm supposed to be ordering my new car this weekend! Thanks!

ychang77

Hello All,

I am interested in leasing a 2010 BMW 335i Coupe.

I understand that there was recently a holiday credit that is porbably expired. Can someone tell me how the current leasing terms compare to last months? Is it better or worse? If its worse, can i still get an overall better deal vs. last month?

I configured this car to come out to about $50K MSRP. Can someone tell me if i would be able to get this vehicle for about $550 per month (before tax) with zero down for 12K/3yr.

Thanks

anowlan

Not sure about current specials. Www.ridewithg.com will have updated rates. Leasetrader.cpm is the only way you're going to get to $550/mo on that car. You may come close to that on a stripped 335d with the $4500 EcoCredit which is applied as a capital cost reduction and is like putting $4500 down on the lease. BMW does not have any sign/drive programs that I'm aware of, and the 'starting costs' involved in initiating a first-time lease are usually $1600-$2000. Acquisition fee, first months payment, and security deposit, approx. equal to a monthly payment. Even with the 335d, those initial starting costs will be due. Hope this helps.

bassholic

No, i do not see you getting the car for 550 and the deals are worse. What will matter is the MF, and it is .0018.

yolie912

Hi Guys
I am new here and would like to know what is the best deal I can get on this car
if I lease it (bmw 3 series). Please let me know the money down and approx. how much a month...thanks

it can be a 2009 or 2010...thanks again
I will be going this weekend...

bassholic

^ Go the the bmw website and look at there lease specials. Choose a bare bones car and that is your best deal