BMW 3-Series Lease Questions

sobeit

I leased a similar car in Miami just this week, here is the deal that I got.

BMW 328i Sedan, Sport, Premium, Cold Weather, Xenon

Lease: 36 months / 10k miles
MSRP: $43,400
Sales Price: 40,600

MF: 0.00170 (Was .00250 but BMW Loyalty -.00050)
Residual 58%
Downpayment: Only the $2500 from the Spring Drive Credit (Nothing Else)

Lease payment comes to $513 without tax.

CarMan@Edmunds

You're welcome, leo1977. I think that you're making the right decision by waiting.

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CarMan@Edmunds

Hi Ray. Most manufacturers' official advertised lease payments leave a little meat on the bone so to speak. It makes sense if one thinks about it. Dealers would be pretty annoyed if automakers advertised the skinniest possible deals.

Savvy consumers who are in an area that has a decent level of competition are usually able to beat the selling prices that were used to calculate manufacturers' advertised payments.

Switching from the 10,000 mileage allowance that BMW uses for its advertised payments to 15,000 miles per year will result in a 3% reduction in the residual value that is used to calculate your vehicle's payment. On a lease of this car, switching from 10k to 15k would likely result in an increase of roughly $30 per month or so.

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CarMan@Edmunds

Hi wdeamer. This month BMW is lowering its special money factor by .00050 for loyal customers.

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CarMan@Edmunds

Hi jds10. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 335i Sedan with 12,000 miles per year are .00145 and 55%, respectively.

This car's money factor drops by .00050 is you are a loyal customer.

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matthew1623

got an offer for a 2011 bmw 328i xdrive coupe that seemed very high!! how much wiggle room do i have? looking to be around 525 per mth with 2500 to 3000 down.

here are the details:

2011 328i xdrive coupe
premium package
value package
sport package
ipod
18" wheels
smartphone integration
navigation

msrp 45,275
sale price 42995 500 over invoice
36 mth lease
12k miles per year
2700 total due at signing
662.00 per mth
money factor is .00257
60% residual value

was interested in a 2010 as well so i can get the spring drive credit but they said there are no 2010's like this!!! help!!!!

smoot1

I asked the dealer for the Money Factor and Residual Percenage and here is what I was provided for a 2011 328i.

MF = 0.0027 (6.48%)
Residual = 60%

Are these typical numbers for a 2011 BMW?

CarMan@Edmunds

Hi nicedeal (appropriate name BTW). I would be happy to use BMW Financial Services' actual lease program to work up a sample lease payment on the exact car that you are interested in for you. However, in order for me to do so I need you to provide me with its full MSRP and approximate selling price (or at least its MSRP and invoice price). You can find those numbers over in the New Vehicle Pricing section of this site.

Even without crunching any numbers I can tell you that on a zero down lease, which is what you should do, this car's payment is going to be well over $300 per month after tax is added in.

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CarMan@Edmunds

Hi smoot1. BMW is not providing any lease support on the 2011 328i yet. As a result, if you were to lease one through BMW Financial Services this month, you would have to use its standard lease money factor. BMW FS buy rate standard factor varies by region, but the .00270 that you were quoted looks about right. The 60% residual value is right in line with BMW FS' 36 month, 12k resid.

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trusaleen1

I currently have a 2008 BMW 335i coupe with only option is sports package. I did it through euro delivery and my payment is $583 with tax.

I want to lease a 2011 335iS with the only option upgraded stereo. I can get it for $750-1000 over euro invoice. I think the msrp is like $51,900 and euro invoice is in the range of $44,000 (I think) Can anyone give me an estimated lease payment so I know if I can afford it. I need 3 year lease with 12,000 miles per year.

kanchis

2000se, I think your getting a really good deal. The dealership is actually making $60 from your deal which is quite nice for you! What you need to include in your calculation is the Maco/Training fee which is a legitimate fee. (maco=400, training=200; or the other way around, cant remember exactly). You need to add that to invoice to get the true cost of the car. I have heard that some people had gotten away without paying that, but it is very rare; specially on a newly ordered car! Acquisition fee is $725 (what BMW chargers the dealer) but the dealer is allowed to mark it up. Doc fee is reasonable so even though they marked up your acquisition fee you made your self a great deal!

I'm negotiating a similar car as well (335d) around the same options as yours is. Can you tell me what dealership you got this deal from? Thanks

ellemaree

kksphilly, quick question....do you know the sales tax for leasing a car in philadelphia? I know the sales tax is 8% but is there more based on the fact that your leasing? A dealer told me today its 11%
Thank u in advance!

kyfdx

Pennsylvania taxes the monthly lease payment, and it does charge an extra 3% over the base tax rate...

murrad

I live in California and got quoted $2000 at signing and $617/mo (with taxes included) for a 36mo, 15K/yr lease on a 2010 BMW 328i coupe with the following:

- titanium silver with black interior
- sports package
- premium
- navi
- ipod/usb adaptor
- automatic transmission

Is this a good deal or no?

smoot1

Looking to see if I am getting the best deal possible. I had four local dealers providing me quotes online and here is the best quote I got on a 2011 328i with the premium package, leather, navigation, heated seats, xenon headlights, comfort access, etc.

MSRP: 42,950
Selling Price: 40,400

36 month lease
12,000 miles per year
62% residual
.00255 factor
Fees only down = $2,527.34
Base Payment = $553.45 + tax
Total Payment = $599.39

The dealer will also reduce my payments if the BMWFS rates improve before I get the car in July. Some quotes started well over $700 per month.

nicedeal

hey thanks Car Man!!

Oops I just saw your reply!! well i spoke to a bunch of dealers and one said i could get the 328i 4 door sedan, silver, with premium package only at which msrps at about 37,500 for 32,800..

so if i lease at 12 th miles a year, and i know i shouldn't put down ideally but for me may be better bc i'd really like lower monthlies- if i want to get the monthlies in the lowest 300s as possible how much would i have to put at drive off (the least i can of course)?

and also he mentioned that i can do BMW select to finance for 5 yrs at 2.9% so drive off about 3250 and then monthly at 370 with tax and then a residual of about 37% at the end of 5 yrs at 14 th...

so i am a bit confused and stressed over what to do..
last thing another dealer may have cars that u have to assume the lease with about 3000 miles on them to lease at say 4 th down and 300 something a month

thannnnnnnnnks for ur help!!!!! a possible stressed over this seeking nice deal human!!

saranr

Hi Carman,

For may what are the residuals (10k/yr lease) and Mf for 2010 328xi and 335 xi.

Also is the .0005 MF BMw loyalty discount still in effect. I also heard the $2500 cash is still avaiable but as a dealer build out. Please confirm.

cdv1

Hi carman,

I am interested in leasing a 2010 BMW 328i xdrive 36 month/10k per yr

MSRP 40,200.00
Sale price 35,500

Due on delivery $5842.02 (including security deposit, tax, registration, $3500 cap reduction, etc)

Monthly payment $410.52 (incl 10% tax)

Residual 55%

Please let me know about this deal especially in relation to what was being offered last month with the $2500 Spring drive credit. Although the cash up front is high I want a low monthly payment.

Best wishes

levessh

Car_Man,

Could you post the money factor and residual for a 2010 335i coupe with 12K per year.

Thanks,
levessh

apdspider

Hey Carman,

I'm looking for the MF and RV for a 2011 M3 Conv. and the 2011 335i Conv.

Thanks

pm911

Right now here is what I have in place to think about before Saturday:

Upgraded BMW Performance 335i

MSRP $61,200
Negotiated Price $52,600

Total Down: $5000

Monthly Payment: $ 699.99

Please let me know if this all makes sense and is a good deal.

Thanks

frzdrdhppy

Sounds high to me. I test drove a new 2010 335i with ZMP, ZPP, ZCW, Auto, Logic 7, Full Performance Package, Alarm and they were going to add Sirius Radio at Tomkinson BMW, Ft. Wayne, IN, MSRP $58,500. Final deal was going to be 4k down and $535/month OTD on 36 month 10K miles. They still have it if you are interested. Black Sapphire/Oyster.

Dealers are having hard time selling Performance Package equipped cars and are getting good incentives from BMW to get rid of them. Good Luck!

CarMan@Edmunds

Hey nicedeal. Thanks for the pricing info, let's crunch some numbers and see what we come up with.

According to my calculations, if you were to lease a 2010 BMW 328i that has an MSRP of $37,500 and a selling price of $32,800 through BMW Financial Services right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $450.

In order to get down to the $300 per month that you're looking for, you would have to make a whopping $5,000 capitalized cost reduction, which again I strongly advise against doing. And this is only to get to $300 before sales tax is added in.

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CarMan@Edmunds

Hi saranr. BMW Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2010 BMW 328xi with 10,000 miles per year are .00170 and 55%, respectively.

The numbers for an otherwise identical lease of a 2010 335xi are .00150 and 57%.

The special money factor reduction for loyal customers is no longer available. They changed what it's called, but the $2,500 is still available on leases of these models.

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CarMan@Edmunds

Hi cdv1. Let me begin by saying that in my opinion $3,500 is way too much money to put down on a lease. Consumers who make large down payments when leasing risk losing part or all of that money if their vehicle is totaled in an accident or stolen and never recovered. It's much safer to go with no cap cost reduction.

The dealer invoice price of the car that you're interested in is probably roughly $37,000. If one subtracts the $2,500 dealer cash that is available on the 3 Series in May from that it drops to around $34,500. So you're at right round $1,000 over invoice, which isn't bad. If you are in an area that has a decent level of competition and you do some comparison shopping you may be able to eventually knock another $500 or so off of this car's price.

Make sure that the dealer that you're working with uses BMW Financial Services' current buy rate lease money factor of .00170 to calculate your car's payment.

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CarMan@Edmunds

I'd be happy to help you out, levessh. BMW Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2010 335i with 12,000 miles per year are .00145 and 56%, respectively.

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

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CarMan@Edmunds

Hey apdspider. BMW Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2010 M3 Convertible (nice) with 15,000 miles per year are .00230 and 64%, respectively.

The numbers for an otherwise identical lease of a 335i Convertible are .00230 and 62%.

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hugo5

Hi Car Man,

sorry to hit you up here. I have been posting some stuff on the VW Jetta & Tiguan pages, and I seem to be the only one there. Are these threads dead for some reason? Do I need to go somewhere else to post my questions/ I am on the phone with dealers and was hoping to get a heads up on them.
It listed you as host. Sorry again, if this is inappropriate!

Cheers,
Hugo

rfgf

Where do i get detailed info on BMW leases (and BMW select) for specific models?

I'm interested in a 2011 335xi.

What are the residuals and money factors for
36 months?
42 months?
48 monhts?

edwardsf

I am shopping the 328 and A4 wagons and will probably lease. I am trying to find the money factor and residuals for a 2010 328i wagon. 36 month, 10k and 12k/ year. Carman reports in this subthread that BMW has no deals now on 328i lease rates and that the rates .00270 and 60% are probably the current. Is this also true for the wagon?

BMW has a special offer now, with what appears to be a decent deal given the lousy MF: $3000 down, $500 security deposit, with $459/month. In negotiating, I am trying to decide whether to just try to have them chop money off the down payment (e.g. $2500 dealer cash?) and have the rest go into the security deposit, thus paying nothing down. Or, just negotiate separate from the offer and start with cap cost and then use their exising MF and residual. Any thoughts are appreciated. BTW, the A4 has a much lower MF but the 328i has a much higher residual. Also any recommendations on L.A. to SB dealers are welcome. (Sorry but I am one of those strange guys who thinks both cars are great!)

mike1978y

I am leasing a 2010 BMW 328XI Coupe .. Fully loaded with nav, sports package, cold weather package. 12 K miles per year, $4000 down $480 a month . MSRP on the car was little over $46K.

Is this a good deal ?

mike1978y

I am in process of leasing a 328 ix Drive, coupe. 12K mILES $4000 DOWN $480 amonth. This is a fully loaded car incuding nav, sports package, cold weather package, i pod adaptor. It is 2010.

Is this a good dea?

tm335

I am looking at leasing a 2010 M3 convertible in Dallas, Texas.

I was quoted a .00190 money factor and 48% residual value on a 10,000 mile/year, 36-month lease through BMW Financial. Does this sound right?

Separate question -- I was thinking about putting a sizable chunk of money down (maybe $10,000) to lower my monthly lease payments, but after reading other posts, it doesn't sound like that's a good idea. ??

Thanks!!

fgaz1

Hello to CarMan and all...I need a little help here with some numbers.
Looking at a 328i xdrive...msrp. 40,500 Dealer (Lithia of Des Moines,Iowa) is quoting me nothing more then the 2500 down payment from BMW........ 36 pymts of 599.00......10,000 miles a year that includes iowas 6 percent tax. any ideas...these are the first numbers shot to me. Thanks in advance...Fred

hookahboy

Specs: 328 xi in Northern NJ

Options: ZPP, ZVP, 205, 248, 609, 655
(Nav, Premium Packages, Heated Steering, Value Package, Satellite Radio, Automatic Transmission)

MSRP: $42,8440, Dealer Offer @ $37,000 after $2,500 cash back
Residual = 0.55, Base Money Factor = 0.00170 (after max. 7 MSD at $400 each, becomes 0.00121)
Cap Cost Reduction = $0.00

Monthly Payment: $481.80
Due at Signing: $5,285 (1st Month, DMV = $310, Security Deposit $3200, Doc/Bank = $1294).

Anybody have a view on this deal?

hookahboy

Forgot to add, its for a 10,000 miles, 3-year lease.

Firebird_EOU

Let me know what you find out from this site compared to your deal...
http://www.leasecompare.com/

hookahboy

mike1978y:

The money factors are too high compared to what BMW seems to be offering right now.

joaoeast

Is this a good deal...

just got the following deal: long island, NY 2010 bmw 335i xdrive 36month lease, 12,000 miles, $4501.98 due includes first payment, sale tax, sec deposit, bank fee, dealer fee. Monthly payment $530...

335i xdrive
titanium silver, black dakota leather, cold weather package, premium package, steptronic, heated steering wheel, anti theft alarm, ipod and usb, NAV, satellite radio, MSRP was $52,300 I think I scored a sick deal what do you guys think?????

matt00731

Hi, I just got some lease numbers from my dealer in CA and I wanted to see if anyone thought it was a good deal or if I should walk away.

2011 BMW 335i coupe
Saph. Black/Black Dakota
Premium, Sport, Harmon Kardon, Nav, 6speed AT
MSRP: $52725
Selling Price: $49464
Money Factor: .00265
They are paying off my other lease, total of $2650.

$3000 Drive
36 mo / 15k
855.72 including taxes.

I think he said without the payoff of the other lease it would be
$3000 Drive
36 mo / 15k
770 including taxes

I'm not sure if this is a good deal or if I should wait until the money factor decreases? Does anyone think it will decrease significantly for the June numbers?

Thanks.

matt00731

I just realized the dealer made a mistake, he gave me the quote on a model with a manual transmission. But the MSRP and all the other information is correct, do you guys think it's a good deal?

CarMan@Edmunds

Hi Hugo. I personally go through the leasing boards alphabetically. I believe that I answered the specific questions that you had about leasing those Volkswagen models some time last week.

I wouldn't necessarily look at the lack of traffic in the Jetta and Tiguan discussions as an indictment of those vehicles. Both are very nice.

The BMW discussions always see to have a higher level of traffic than a number of other brands' discussions for a couple of reasons. One, BMW's lease penetration rate is very high...much higher than most other automakers. Probably half of the people who get new BMWs lease them.

Another reason may have to do with the type of buyer that BMWs attract. I have no idea if this is the case or not, but they may be more inclined to use the web to research their purchase then the buyers of other brands.

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CarMan@Edmunds

Hi rfgf. Through June 30th, BMW Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2011 335xi Sedan with 15,000 miles per year are .00230 and 58%, respectively.

The numbers for an otherwise identical 42 month lease are .00230 and 49%.

I don't believe that BMW is currently providing any sort of support on 48 month leases. This isn't a big deal though because BMW's special money factors on the '11 3-Series aren't that great anyhow. If you want to lease one for 48 months, you will have to use its standard money factor. The last time I checked, its buy rate standard factor was around .00240 or so.

BMW FS' current 48 month, 15,000 mile per year residual value for this car is 40%.

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CarMan@Edmunds

Hi edwardsf. According to the latest information that I have seen, through the end of June, BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 328i Wagon with 12,000 miles per year are .00230 and 58%, respectively.

The residual value for a lease of this vehicle with only 10,000 miles per year is 1% higher.

To me, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.

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CarMan@Edmunds

Hi tm335. The money factor that you wee quoted is definitely too high. According to the latest information that I have seen, through the end of June BMW Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2010 M3 Convertible with 10,000 miles per year are .00135 and 48%, respectively.

You definitely should not make a large down payment on your lease. Consumers who do so risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered. Even though it means that your monthly payment will be higher, you will be much safer if you keep the money in the bank and go with a zero down lease.

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CarMan@Edmunds

Hello Fred. Do you know what selling price the dealer is trying to charge you for this car? I ask because that is one of the most important numbers to focus on when negotiating a lease. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Without the selling price, it is difficult to tell if there is any room left to negotiate. Let us know what this number is and I'm sure that either myself or another knowledgeable community member will gladly let you know what they think.

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fgaz1

Hello again....okay ,,,,,new set of numbers. 36 month lease.....10 k miles a year
msrp.....40,990.00
sale price 35,968.00
Residual 22,544.090
bank fee..... 925.00
state taxes....942.14
money factor......0.00210
35 pymts of 569.00.
I have 2 pymts left of 590 on current car...they said there is a bmw pull ahead program to take care of those...if not , i could just wait as the car only has 17,000 miles on it....Im sure they want first crack at my vehicle ,as it is pristine,,,they dont want me to take the deal to another bmw dealer and let them take my car. wholesale on car is higher then the residual...

thepenas

36 Months 12k/year

$4400 out of pocket
$675/month

Is this a good deal? This is local dealer in NYC.

Exterior Color
Space Gray Metallic

Interior Color
Coral Red/Black Dakota Leather

MSRP
$54,700.00
Options
1140 328i Cv S
A52 Space Gray Metallic
LCD1 Coral Red/Black Dakota Leather
ZCV Convenience Package
302 Anti-theft alarm system
322 Comfort Access keyless entry
508 Park Distance Control
ZPP Premium Package
319 Universal garage-door opener
430 Auto-dimming interior and exterior mirrors
431 Auto-dimming rearview mirror
488 Lumbar support
4NA Digital compass mirror
639 BMW Assist with Bluetooth
ZSP Sport Package
2C6 18" Light alloy Star-spoke wheels style 189...
481 Sport seats
704 Sport suspension
840 Increased top speed limiter
ZVP Value Package
6FL iPod and USB adapter
205 STEPTRONIC automatic transmission
2XA Sports leather steering wheel with paddle shift...
494 Heated front seats
4BY Bamboo Anthracite Wood trim
609 Navigation system
615 Online Information Services
620 Voice-command
6AA BMW TeleServices
6AB TeleService Control
6UH Real Time Traffic Information

carlady7

I would love to know where you got this deal
I live on long island same exact car 611 mth for 36 mth
or cap cost of 3500 and it will be 499 mth at hassel bmw

benz2779

Does anyone have the residual value and money factor for the 2011 BMW 335I X-Drive sedan for 36 months and 12k miles year?