BMW 3-Series Lease Questions

vinayg1

Thanks delta737h

So I would think the price I am getting of 37,400 is good (may not be greatest). I am using the 1,000 ultimate drive rebate and a $250 coupon the dealer had to offset my OOP of 725 acquisition, 249 dealer doc and 310 DMV fees (the remaining $34 plus the first months payment will be my amount due at signing).

christopher99

Can anyone provide me with the current money factor and residual(%) for a 2011 M3 Sedan assuming 3 year/10K mile, loyalty discount if any, and excellent credit?

Thank you for responding to my post.

delta737h

vinayg1,

Great idea using your rebate/coupon to offset the front-end lease charges! Some people use it as a down payment (i.e., cap reduction) which is a bad idea for two reasons...

(1) A car is a depreciating asset and is purchased for consumption; and so, it's an
expense and not an investment. No savvy investor would ever invest in stock
that they know will depreciate or lose value over time. Also, if the vehicle
is totalled in an accident or, stolen but never recovered, you risk losing part or all of the cap reduction.

(2) If the cost of money (about 3% in your case) is low compared with savings or investment rates, it makes more sense to invest those funds in appreciating assets rather than apply them toward a depreciating asset.

John

bxsvx01

Has anyone got this deal in the tri-state area, the down payment looks real hefty.

http://www.bmwusa.com/standard/content/financialservices/LeaseOfferDetail.aspx?e- nc=SyXvjqMSbOSo/iMxHDM0Cg==

kyfdx

The ads show all that money upfront, just to make the payment look cheap.. There is no requirement to make those large CAP reductions..

Of course, without the upfront payment, that money will be rolled into the monthly payment... $3800 + $725 rolled in will add about $130/mo... .making that lease around $570/mo..

That's the real cost of their advertised lease.... (plus taxes, title, etc..)

camaine

Hi all

How does a regular person like me who is not connected to the auto sales business find out the current money factors on BMWs? I'd like to have the latest information when I negotiate a deal and be able to tell the salesperson where I got that information. Thanks for your response.

jeduss

Check out www.ridewithg.com. It's a great site that provides updated lease factors each month.

jeduss

I just signed a deal to lease a 2011 328xi with auto transmission, premium package as follows:
MSRP $40,050
Sell Price $37,200
Bank fee to be included in lease $725
36 months
10k miles
residual 64%
money factor .00125
Monthly payment of $421 plus 6% tax = $446
Up-front: 1st month $446 plus dealer fee of $423 plus registration of $160 = $1,029

I think I got a very good deal. Hope this info helps others.

kyfdx

How does a regular person like me who is not connected to the auto sales business find out the current money factors on BMWs? I'd like to have the latest information when I negotiate a deal and be able to tell the salesperson where I got that information. Thanks for your response.

You are already half way there... You found this forum...

Now, just post a question for Car_man about the model and numbers that you require..

If you are unsure how that works, just start back about 100 posts and read forward..

regards,
kyfdx

southpaw75

Thank you!
This is the exact model and options that I'm looking for, except I'm in for a 12k/year one. Seems in line with the special I've been reading about on other forums ($399/mo for 36 mo; 0 down) but that's on RWD models. With xdrive, it adds a little bit.

myeclipse

I hope someone can help me on this. just went to a nearby bmw dealer in socal this afternoon. got the selling price for both 335i sedan(msrp 46500, selliing price 46500-1600), and 328i sedan (msrp 41500, selling price 41500 - 1400). having been in this forum for a while, so I already knew it's not a deal at all.

now here's the part that drove me nuts. according to bmwusa.com, the money factor for 2011 328i 10k/36 month is 0.00125, for a 2011 335i is 0.00145. but the salesman told me I am not gonna get this rate since I am not a loyalty customer. so he gave me 0.0015 and 0.0018 respectively. Is that true that those promo money factors are for returning customers only? or I've been ripped off? Just want to know.

I think I won't go for that dealer anyways since the selling price looks really bad. but I will appreciate if someone can answer my money factor questions. thx a lot.

delta737h

myeclipse,

According to Tarry Shebesta, at leasecompare.com,

http://www.leasecompare.com/auto_leasing_forum/viewtopic.php?f=18&t=3929

the money factors for the 2011 328i and 2011 335i are as follows...

2011 BMW 328i Sedan
24 Month – Residual 66% of MSRP – .00130 Base Rate
36 Month – Residual 61% of MSRP – .00130 Base Rate
48 Month – Residual 48% of MSRP – .00230 Base Rate
60 Month – Residual 39% of MSRP – .00230 Base Rate

2011 BMW 335i Sedan
24 Month – Residual 64% of MSRP – .00145 Base Rate
36 Month – Residual 59% of MSRP – .00145 Base Rate
48 Month – Residual 41% of MSRP – .00230 Base Rate
60 Month – Residual 33% of MSRP – .00230 Base Rate

Residuals are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms. BMWFS acquisition fee is $625. All money factors are base (i.e., buy) rates and assume that you have excellent credit. Also, the usual caveat applies...

The manufacturer (captive) lease programs provided are for reference only. Base Rates may vary by region. Your dealer has the option of offering you a higher rate.

Hope this helps.

John

skobola

I believe that the acquisition fee has been risen to $725, and BMW FS lets dealers to rise it up to $925.

delta737h

Thanks, skobola

I was aware of that and indicated so in earlier posts than the one previous. The 625 indicated in the previous post was a cut and paste job from Leasecompare's website. I should have read that more carefully.

John

jalal28

Also try:

leasecompare.com

excellent website. In the forums section, there's a place called manufacturer lease rates. They update Audi, BMW, and Mercedes lease/money factors monthly. Other things that do on request. Always accurate...

ehue

I’m about to sign and pickup this week and I think I got a good deal. Let me know your thoughts.

328i xDrive Coupe
Options: Auto, Premium, Cold

MRSP: $43,050
Capitalized Cost: $39,890

36 months/12k miles
Residual: 64%
Money Factor: .00185

Monthly Payment: $500 (tax included)

Initial Payments: $2,372
- First Month: $500
- Registration: $308 (3yrs)
- Bank Fee: $725
- Doc Fee: $289
- Security Deposit: $550

CarMan@Edmunds

You're very welcome, camaine. BMW FS' money factors are the same for all mileage allowances, but its 10,000 mile per year residual values are 3% higher than its 15k residuals.

BMW's August lease program is scheduled to run through September 6th.

The money factors that I have mentioned here are definitely right. You don't have to prove it to the dealer. They know that they are, too. If they tell you otherwise, they're lying to your face.

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CarMan@Edmunds

Hi zollie. BMW Financial Services' August buy rate lease money factor and residual value for a 36 month lease of a 2011 328xi Wagon with 12,000 miles per year are .00190 and 60%, respectively for consumers who qualify for its top credit tier.

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CarMan@Edmunds

Here you go, burunduk.

BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 335i Sedan with 12,000 miles per year are .00145 and 61%, respectively for consumers who qualify for its top credit tier.

The numbers for an otherwise identical 24 month lease are .00145 and 66%.

Car_man
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CarMan@Edmunds

You're very welcome thavorn.

Car_man
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CarMan@Edmunds

No problem rravin. The 47% residual value is definitely correct. It's low for two reasons.

One, we're at the end of the model year and vehicles' residual values naturally fall as the model year progresses.

And Two, M3s typically have lower residual values than other 3-Series models.

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CarMan@Edmunds

Hi satch98. Unfortunately, BMW is not currently offering any special loyalty incentives on any of its models. The money factor that you were quoted is the best available factor for this model right now.

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CarMan@Edmunds

Hi trusaleen1. BMW's current lease program is only scheduled to run through the end of August. That's actually a good thing, because you can lock in the current program on this car now and then if the September program is better switch to it.

BMW Financial Services' August buy rate lease money factor and residual value for a 36 month lease of a 2010 335is Coupe with 15,000 miles per year are .00180 and 57%, respectively.

Unfortunately, BMW is not offering any special incentives for loyal customers at this time.

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CarMan@Edmunds

Hi nypayman. BMW is not currently providing any cash incentives on the 2011 328i.

Its lease program varies by term and mileage allowance. You never mentioned what either of these variables are, so for now I will assume that you're interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different.

BMW Financial Services' August buy rate lease money factor and residual value for a 36 month lease of a 2011 328i Sedan with 15,000 miles per year are .00130 and 61%, respectively for consumers who qualify for its top credit tier.

Car_man
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CarMan@Edmunds

Hey jalal28. BMW's August lease program for this model is exactly the same as its July program was.

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CarMan@Edmunds

Here you go dvon.

BMW Financial Services' August buy rate lease money factor and residual value for a 36 month lease of a 2011 335xi with 12,000 miles per year are .00160 and 61%, respectively for consumers who qualify for its top credit tier.

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CarMan@Edmunds

Hello christopher99. BMW Financial Services' August buy rate lease money factor and residual value for a 36 month lease of a 2011 M3 Sedan with 10,000 miles per year are .00180 and 55%, respectively for consumers who qualify for its top credit tier.

Unfortunately, BMW is not currently offering any special incentives on this model for loyal customers.

Car_man
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CarMan@Edmunds

Welcome southpaw75.

BMW Financial Services' August buy rate lease money factor and residual value for a 36 month lease of a 2011 328xi Sedan with 12,000 miles per year are .00125 and 63%, respectively for consumers who qualify for its top credit tier.

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sophia4

I sale cars and I want to know how I get paid on a lease car?

jamesa4

Guys can you tell me if this is a good lease deal? I don't have all the specifics, but I know what I'd have to pay over the term of the lease.

328i sedan
premium pkg
value pkg
navigation

12k miles/yr
36 month lease
@4150 down including @3k in refundable security deposits
monthly payment is $442/month including CA 9.75% tax

absolsp

Hi,

I am also looking at the similar package for 3 year 12K miles lease. Your quote looks better than mine and the car is almost the same.

The best I could get was $465 (includes tax for CA).
Details
328i Sedan
Automatic
Premium Pkg
Value Pkg
Heated front seats
Comfort Access (the one which does not require keys to open and start the car)
Titanium Metallic Silver

12K Miles/year
36 month lease
7 payments as deposit (not down payment, fully refunded) + the reg/title fees
monthly payment is $465.

Not sure if this is a great deal or not (may be I can shave off another 15 to 30 dollars per month on this deal if I try).

I have time till end of the month to sign on this deal and I am still not very sure about this.

seekingaudia4

Could both of you tell me what are your MSRPs and selling prices?

Also if I understand you two correctly, by putting down 7Xpayment deposit, you lowered the MF, but by how much?

Thanks!

jamesa4

Mine is also an automatic. Forgot to add that. But I think our deals are close in price bc mine doesn't have the heated seats, comfort access or metallic paint. To the other poster, I added it up on build your own on the BMW site and came up with an MSRP of $40,150. I believe the poster below me has an MSRP of $39,600.

jamesa4

I don't have the sell price right now, but I saved a lot with the security deposits. Somewhere in the range of $70 or so/month, I think it was.

kyfdx

Each deposit lowers the MF by .00007, for a total of .00049

So, if your initial MF is .0018, then your adjusted MF would be .00131

absolsp

For the poster who asked me about my final selling price and money factor

here are the details

MSRP = 39600
Selling Price = 37675 (include the 725 acquisition or bank fees)
Not sure about the money factor but the monthly payments came to 425 + 9.25% tax for CA.

seekingaudia4

Thank you! Would the below calculation be correct then if I use the $40150 MSRP provided by jamesa4, assume the selling price was $37500, the additional refundable deposit will reduce the monthly payment by:

40150*.63+37500=62794.5*.00049=$31?

Are there any circumstances in which the deposits might not be fully or partially refunded during or at the end of lease?

kyfdx

That's it exactly.. in that example, 7 MSDs would save about $31/mo.. And, if you live in a state that taxes the payment each month, that's another $2/mo.. or so...

It almost always works out to a 10%-12% tax-free return on the money you put into the MSDs...

End-of-lease charges are not dependent on the amount of your security deposit.. you'll owe what you owe, independent of the amount of your deposit.

regards,
kyfdx

seekingaudia4

A 10% to 12% return is definitely nice. I assume up to a max of 7xpayment, but anything from one to 7xpayment is fine?

When I asked about any possibility not getting the deposit back, I was thinking some unusual situations such as the car is totaled, or sold to a private person, or the lease is taken over by another person...

kyfdx

If you transfer a BMW lease, then the security deposit goes with it... Most people taking over leases are looking to get in and out as cheaply as possible, so they aren't likely to want to reimburse you for the MSDs.. If that is something you think you might want to do (swap out of your lease), then MSDs are not a good idea..

If you sell your car, then the MSDs will just reduce the payoff, so no net effect to you, either way..

If you total the car? Boy, that's been a bone of contention for a long time, and I've never heard a definitive answer.. Technically, those MSDs are your money, and shouldn't play any role in the payoff, insurance payout and/or GAP insurance... But, in reality, who knows what will happen if you total the car and BMWFS quotes the payoff to your insurance company, etc, etc..

I've yet to hear of a first person account from someone that has MSDs, and has then totaled their car, with it being worth less than the payoff... So, most discussion on the matter is purely theoretical...

regards,
kyfdx

kball2

Carman,

I am looking for the MF & Residual % for 36 months & 10k miles for a 2011 335i Sedan & Coupe. I am also interested in any other specials, etc.

Thanks

sunnyl

I am tired of dealer talk so want some honest information, hopefully this forum will give me one. They are advertising special lease offers on BMW right now which are attractive and so are the estimates using online calculators. But when I talk to dealers I get quoted rates that are not as attractive, where is the fluff?

For example online for a car priced at $45 MSRP I get $540/mth with $3000 down. I like this price and will take it b/c it has all options I want - Prem, Sport, Nav, Xenon, Keyless entry. But my dealer is giving me price of $565 for only Prem and Nav car priced at $41K with $3000 down.

WHat am I missing here???? Am I been duped?

mreinhorn

Carman,
I've been in a great 2010 335xi 6sp for 6 months. It's an amazing car, loaded. I got it thinking I would take it to the track a few times a year, but because of family/time/money constraints I haven't been on the track with it and find it almost painful to drive in the boston area during commuting hours. I'm thinking of looking for someone taking over my lease and wonder if you had advice or places I could post the specs. I think I got a great deal $652/month a bit over 1000 miles per month left for the next 30 months with navigation, sport, premium, cold weather, etc.. IT MSRP for $50K and residual $31K, I put down a security deposit only and got the price down by $3500 or so. I posted on leaseatrade.com.. I'm thinking of going all the way over to the jetta TDI and saving some cash for a time when I can get a dedicated track car Thanks for any help

jamesa4

Well, the 328i sedan automatic transmission is the best lease right now by a mile with the money factor and residual. If you're looking at a 335 or a coupe, the numbers aren't as good.

sunnyl

I am looking at the 328i sedan not 335 or a coupe, but I want the options and I feel the numbers being quoted are too high. They are advertising a $38K car with zero down for $439 a month so why am I being offered a $41K car with prem and nav for $565 with $3000 down.

By my calculations using MF of .00125 and 63% RV, I get a $527/mth lease with no money down and I can pay that tomorrow, but the dealers are not willing to negotiate

I dont understand this at all, can anyone help?

sunnyl

I am looking at the 328i sedan with automatic transmission and not 335 or a coupe, but I want a lot of options and I feel the numbers being quoted are too high.

BMW is right now advertising online a $38K car with zero down for $439 a month so why am I being offered a $41K car with prem and nav for $565 with $3000 down.

By my calculations the same car, using MF of .00125 and 63% RV, I get a $527/mth lease with no money down and I can pay that tomorrow, but the dealers are not willing to negotiate.

I dont understand this at all, can someone help explain this mystery?

seekingaudia4

Thanks again! I will also try to work out a MSD plan with the dealer. I have finally decided to pull the trigger on a 2011 328i, similar to the car jamesa4 leased.

I have so far test driven the following cars in this segment or close to it, in the last 12 months, all 2010 models:):

Audi A5
BMW 328i with and without the sport suspension
BMW 335d with and without the sport suspension
Infiniti G37
Lexus IS250 and IS350
Audi A4
Audi A6
MB C300 and C350
MB E350
Nissan Maxima
Buick LaCrosse

As my username indicates, I almost pulled the trigger on a 2010 Audi A4 because the 2010 328i did not have the 17" rims unless I went with the sport pack. I was fine with the sport but the passengers did not like the harsh ride. Yet without the sport pack there were only the 16" wheels available on the 2010. The 16" wheels did not look right on the 328i to me.

I am glad my lease was delayed, now not only the 2011 328i has the 17" wheels standard, the August lease deal is also the best I have seen. The 328i, even without the sport pack was the most fun to drive, with the A4 closely behind.

I hope the new redesigned BMW 3's will have adjustable suspensions like the new 5's, if so after this lease is over I will almost certain to get into one of those 3's.

seekingaudia4

The national ad lease is for a 2011 328i with prem, auto and value pack, MSRP of $38,050, 36 mo and 10K miles, $439/mo plus tax, also $439+tax drive off.

You should be able to get a better deal like jamesa4 did, his car is similar to what you want, with a $40150 MSRP, he used the MSDs, whithout those, my guess is his deal was close to $439/mo plus tax, and $1150 drive off, but for 36 mo and 12K miles not 10k miles. You should be able to at least get close to his deal.

sunnyl

Thats what I think too. I am even willing to pay upto ealry $500 b/c I want a nav system and few more options. But with 36mos and 12K on mileage. I will try offering the MSDs and see what i get back from them...

BTW When you say $439/mth plus tax what does tax amount to per month??? Or is that a one time payoff? Different from TTL right?

seekingaudia4

In most states, after you decide on the monthly lease payment, the sales tax is added to it to reach the final monthly payment. Where he was the sales tax is $9.75%, therefore had he got the $439/mo lease payment, his final monthly payment would have been $482/mo.

BTW, if you are willing to use MSDs, your lease rate will go down, so will your monthly payment. But first get the dealer to lower the selling price, for $45k MSRP, I would try $3k under.