BMW 3-Series Lease Questions

saranr

Yes you would get the money back at the end of the lease. Please ensure that the dealer records the MSD as security deposit and not cap cost reduction!!!

zoombie99

I am a firm believer that you get the best deals at the end of a month. I e-mailed five dealers in northern New Jersey and attached a 328xi that I built online and asked for quotes on same car. The car I built had Nav, sat & prem package..I gave them all the same payment requirements: $4,000 down (inlcuding eveything, first payment, taxes, fees, etc) and then ask for a monthly payment based on 15k a year. The range was anywhere from $500.00 to $550.00 a month (incl. taxes). I asked each for their lowest price and I never would reveal what the other dealers quoted me/ All I wanted was one price, not a negotation. The dealer I ended up with this a car from a dealer in Tenafly, New Jersey ( salesman Hugo) I got the car with more options (heated seats, met paint & alarm MSRP around $43,,240.00) for less than the other four dealers that were quoting me for a lesser car. (which included the $1,000 rebate which ended today). The problem is without the continuation of the rebate, the monthly lease will be much higher. I guess we will see what the promotion is tomorrow, I am just glad to have the car now.

Tenafly also seemed to have the largest inventory of the cars and options we wanted. I hate buying cars and I am very happy it is over but the people at tenafly were nice to deal with and not arrogant like other dealers that we encountered.

If you buy a car in North Jersey, go to Tenafly last after you do your homework and know your numbers, I think you will be happy with them.

g2369

Hi,

Do you have the March money factors and residuals for 2010 335i coupe?

Also, is there any dealer cash, rebates, etc.?

Thank you!

CarMan@Edmunds

You're very welcome, mower. I'm glad that I was able to help you out.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

CarMan@Edmunds

Thanks for the additional information, g2369. Let's work up a sample payment for you using BMW's new March program and wee what we come up with.

According to my calculations, if you were to lease a 2010 335i Coupe that has an MSRP of $50,325 and a selling price of $44,800 ($1,500 under invoice...which is really equivalent to $1,000 over after taking the current cash incentives into account) 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 $581.

That's actually less than I thought this car would cost to lease.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

CarMan@Edmunds

Hi wordster. BMW just introduced a new, enhanced lease program for March yesterday.

Its March buy rate lease money factor and residual value for a 36 month lease of a 2010 328i with 15,000 miles per year are .00220 and 55%, respectively.

BMW is now providing a $2,500 cash incentive on leases of this model.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

CarMan@Edmunds

Hi saranr. BMW just announced its incentives on 2011 models a few days ago. It is not providing any lease support on the 2011 335xi Coupe yet, but it does have an $1,840 option credit on this model.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

CarMan@Edmunds

Hey saranr. Please see my previous post. Thanks.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

CarMan@Edmunds

Hi ursamajor. Edmunds doesn't have pricing for the 2011 328xi yet, but I can tell you that BMW did recently introduce a lease program on it. Unfortunately, it is not currently providing any support on this model. As a result, if you were to lease one through BMW Financial Services right now, you would have to use its standard lease program. If you're not in a hurry, you probably would be better off waiting a few months to order your 2011 "3." BMW will eventually have to introduce lease support on it.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

CarMan@Edmunds

I certainly do, g2369. BMW Financial Services' new March buy rate lease money factor and residual value for a 36 month lease of a 2010 335i Coupe with 15,000 miles per year are .00145 and 55%, respectively.

BMW just introduced a $2,500 cash incentive on leases of this car. Make sure to take it into account during your negotiations.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

jefhack1

Hi Carman and folks-
Can someone share the lease factor and residual for the following model? Thanks!

2010 328i Convertible
36 months
10K miles

Jeff

g2369

Thank you Car_man.

g2369

Last month the residuals were at 60%, is it normal for residuals to drop 5% from one month to the next?

m34lnch

Thank you Car_man. Is there still $1000 dealer cash on the 335i coupes? Or maybe more??! (Not referring to the $2500 lease cash.)

CarMan@Edmunds

Here you go, Jeff. BMW Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2010 328i Convertible with 10,000 miles per year are .00130 and 58%, respectively.

When negotiating your lease on this car, make sure to take advantage of the $2,500 cash incentive that is currently available on it.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

CarMan@Edmunds

You're very welcome, g2369.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

CarMan@Edmunds

So it did, g2369. That is a fairly large drop. Perhaps BMW felt as though it didn't need to artificially inflate this car's residual value as much now that it introduced the new $2,500 cash incentive on leases.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

CarMan@Edmunds

Hi m34lnch. The $2,500 BMW FS cash incentive replaced the dealer cash that BMW introduced last month.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

boozledooz

Hey Car_Man - do you have the rate and residual for a 2011 335i coupe? A lot of people are dying to know what it actually is, myself included. Much appreciated if you have the info.

nautical3

Does anyone know the March money factor for a 2010 328i sedan with a 36 month 10K lease.

Thanks.

CarMan@Edmunds

I certainly do, boozledooz. BMW is not providing any lease support on the 2011 335i Coupe yet. If I was interested in getting a 3-Series right now, I personally would go with a 2010 model over a 2011 or wait a little while. BMW will undoubtedly introduce lease support on the '11s eventually.

BMW Financial Services' current 36 month, 15,000 mile per year residual value for the 2011 335i Coupe is 58%. Since there isn't any lease support on this car yet, if you were to lease one through BMW FS, you would have to pay its standard lease money factor. Its standard factor varies by region, its currently anywhere from .00220 to .00260 or so.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

CarMan@Edmunds

Here you go, nautical3. BMW Financial Services' March 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 .00220 and 58%, respectively.

When negotiating the capitalized cost for this car, make sure to take advantage of the $2,500 cash incentive that is currently available on leases of it.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

nautical3

Thanks for the information Car_man.

brian_sport

Hi all,

Just went to the dealer today to further negotiate some stuff. I'm pretty satisfied with what we're looking at now:

2010 BMW 328i Coupe
Black Sapphire Metallic
Automatic Transmission
Moonroof
iPod and USB Adapter

MSRP: $40,450
Sale Price: $38,205
$2,500 Spring Credit from BMW as a down-payment.
Residual %: 58%
Base Money Factor: .00160
MSD Count: 7
Money Factor After MSDs: .00111

Fees:
$45 Doc Fee
$523 License Fee
$925 Acquisition Fee

>>

Due up-front (fees + MSD + first month payment): $4,804.72
Final Monthly Lease Payment (including all taxes and finance fees): $445.46

==

Overall, I think it's pretty good. Dealer says license fee is non-negotiable and he has no ability to change it. Acquisition is obviously marked up from $725.

Thoughts?

jimbob2010

Pretty good deal IMHO. May I ask which dealer is this and where. Thanks!

brian_sport

BMW of San Diego, in Kearny Mesa.

andrewl570

Hey, i was negotiating today for a lease on a 328i with premium package. I was quoted at 38,000 with a payment at 565 no money down. On a 328i with the value package i was quoted 36,600 for a payment of 541. Both cars had auto trans. those good deals or do i need to shop that around?

ventanaguy

Car Man,
I've found an '10 M3 Coupe in the "right" color and equipment. Sticker is $74,665.
Dealer is offering $71,145 + $2,500 3-series rebate= $68,645.
If I'm reading Edmunds. TMV correctly on this model with these options he's still
making 2K. Should I be able to trim this at least 1k since this was his first offer?
Been good to work with, but I don't want to give money away.
Thanks!
Ventanaguy

gjam98

Did you get charged Tax on the doc fee and acq fee that you paid up-front?

ventanaguy

My final lease payment was 889.00 with 10K down; including all doc's and taxes.
I'm hoping to buy the car at the end of the lease.

g2369

So I went to the dealer to negotiate a deal, let me know what you guys think.

MSRP $50,325 (Invoice $46,300)
$2,500 customer cash for March.
They offered;
$44,546 cap cost
.00145 money factor
52% residual because I need 18k miles a year. (seems kind of low. 15k is 55%)
Monthly payment $613 (including 6% tax)

Inceptions;
$725 Aqu. fee
$599 dealer fee
$500 tag (approximately)
$700 security deposit to lower money factor to .00145
$613 First month payment

I walked away because I feel they can do better. I think I should be able to get the cap cost to $44,000.

Is it a good idea to give the $700 security deposit to lower the money factor?

Lastly, they said the residual dropped to 52% from 55% because I need 18k miles per year. That's a big drop and doesn't seem right but I don't really know. What do you guys think?

diaa

I leased a 2009 BMW 328Xi in Oct 2009. I received the excise tax two months ago of approx $180 from BMW Financial Services, and paid it. Now I received a $530 property tax bill from BMW Financial Service. It makes NO SENSE. I plan to fight it by all legal means ... This is a FRAUD ... If I do not own the car, why should I pay the property tax on it ... makes no sense ... Anyone HELP! any advise?

Location: MA

Thanks

kyfdx

Pay the tax..

Lessees are responsible for all property and excise taxes on their cars, just as if they were the owners. I'm sure it's in the fine print of your lease contract.

regards,
kyfdx

CarMan@Edmunds

No problem, nautical3.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

CarMan@Edmunds

Hi ventanaguy. I am not personally intimately familiar with what the market is like for an M3 right now. I can tell you that if I was i the market for one, I would shoot for $1,000 over invoice and see what happens. Whether or not that would work is difficult to say.

Have you tried stopping by the "BMW 3-Series Prices Paid and Buying Experience" discussion. Perhaps some other community member or members have recently purchased an M3.

Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

bassholic

Diaa,
You are being funny, making a joke about Fraud correct? Have you owned a vehicle in your state before?

gregzo

I ordered my new 2010 328xi in Feb before the $2500 rebate. I had to put $1000 down to order the car. My car should be ready the last week of March. My question is.. Do i get the rebate or does the dealer get to keep it??

My lease details: 2010 328xi, Nav, Premium, Xenon, Comfort, auto, heated steering wheel.

MSRP $44215
$1976.81 due at signing
$550/mo including MA tax (6.25%)
12k/yr for 36 months.

allen333377

Hey guys, I just got this lease offer, but I am not sure about this one.

2010 328i with everything including sport package

MSRP $45650. Selling Price $43698

36 months

10k per year

$6000.00 due at signing includes license fees for California State

$444.00 plus tax

gjam98

Very bad deal from the looks of it...you should negotiate based on invoice and factor in the $2500 credit. Selling price seems high plus you should never put $6000 down on a lease.

eh550i

Helped my friend negotiate a deal on a 2010 328i coupe in Southern California. Silver/Black, Premium, Sport, Heated Seats, Paddle Shifters, Ipod kit.

3/year
36K miles
$1400 total drive off
$528/mo + tax before the Spring $2,500
MSRP $43ish
Sell Price $39ish
MF .00175

Good Deal?

gjam98

Bad Deal!!

MF is 0.00160 on the 328i coupe...the dealer is marking it up to 0.00175. You should EASILY be able to get the base buy rate on this car.

If you add $500 dealer profit and MACO/TF to the invoice, you should be paying around $38,620 on this car.

highrollin01

Tommorow morning i have to go sign a lease. Keep in mind that this is the first car in my name..

BMW 328i
Sports & Premium Package
Paddle shifters
$44,0000 MSRP

Here is the deal
$7000 Down (including tax tag ect)
$506/month 36months 18K Miles per year

Is this fair? If not, what is wrong? Please help
Thank You Very much

dsnyder211

long time reader first time poster. please help, want to get into a 36 month /15,000yr lease on a 335i convertible, with an MSRP of $57,275. I am fine with putting down at least $2K but what price should get it down to realistically considering the march incentives? What money factor/payment could I expect on this? I am going in to negotiate next week as my current lease is expiring (acura not bmw). I have emailed a few dealers but not sure where to start with prices. Please help - thank you in advance.

andrewl570

I think i saw somewhere on here that the money factor is .00220. Also i am negotiating a lease and that's the money factor on the print out he gave me. I don't know if thats normal but ask your dealer for the printout so you can see all the numbers. Check out truecar.com to find out the value.

seekingaudia4

Hi Car_man, are there any lease support for 2010/2011 335i or diesel sedans? I am looking at a 36/12k or 15k lease, like to know the MF and RV.

I know there is a $2,500 rebate on the 335i, the salesman said for the diesel there is a special eco-rebate but forgot to ask if it can be applied to a lease.

I assume there will be no major style change from 2010 to 2011? BTW I have decided against an Audi A4 just in case my username is confusing:)

Thanks!

gjam98

335D has $4500 credit..you can apply that on a lease too. (reduce cap cost)

No major changes in '11..'12 will have it.

gjam98

335i convertible on a 3 yr/15K has a MF of 0.00100 (2.4%) and residual of 55%

Look up the invoice price of the car and go from there. Don't negotiate down from MSRP, rather up from Invoice.

gjam98

Seems way too high- you can do much better.

seekingaudia4

Thank you, is it realistic to try to get the 335i or 335d sedans at invoice, if not how close?

Do you have the MF and RV for leasing them at 36/12k or 15k?

anowlan

I paid $1250 over invoice including floor mats for my 335d. Probably can't get it AT invoice, but $500 over is a good deal and even $1250 over isn't bad- it's a minor increase on a $50k capitalized cost for a very well-equipped model. You can spend a lot of time haggling over that last $500. Important to have a salesperson you trust who can deliver the vehicle, because the dealer has to have an allocation to build your car to order. A lot of the initial diesels I saw in inventory were very stripped. I owned the 335i before the 335d, and the d gives up nothing in real world performance. It's been trouble-free over 6k miles, and I have no regrets.. Good luck.