BMW 3-Series Lease Questions

ckool

Jamesa:

Which dealer u went? Thanks

ckool

Car-Man:

Thanks, what about the deal I mentioned, do you I can negoitate a better one? Pls advise

christopher99

Please provide updated September's buy rate lease money factor and residual value for a 36 month lease on a 2011 M3 Sedan with 10,000 miles per year. Also, the dealerships add basis points on the buy rate. What is consider fair and competitive?

charlie516

Hi Car Man
Need your valued advise. is this a good offer.
I just rec'd this lease offer:
2011 382i cpe with auto, premium pkg, value pkg, sport pkg, nav
MSRP $44000
Sell $41695
Aquistion fee $975
MF = .00160
Residual 62%
monthly $549 + tax 36 months 15000 miles
Drive out $1300 includes first payment, Regis, title
Thanks

fadywwf316

Hi all,

I've got a configured 335xi as such:

-Montego Blue premium paint
-Auto transmission
-comfort access
-park distance control
-active cruise
-heated steering wheel
-heated seats
-sat radio
-navigation
-(premium package)

Reason I put premium package in parenthesis is now that I review the sheet, the guy forgot to add its price in. So, with destination, the guy priced the following:

36mo lease, 15k mi/yr, $0 down, $707/mo.

He said that there's room to work there when I finalize the deal. How much room should there be? What do you think I should be getting before I sign and drive? Not sure of the money factor or residual, didn't get that far I guess.

Lastly, any dealers here that can tell me if BMW offers a corporate discount for KPMG (my employer)? We're the auditors, so I know other companies offer us some discounts, but I forgot to ask when at the dealership.

usmarinecorps

Car man,

Just got back from BMW dealership in NY.

I looked at the 328ix coupe, black on black, premium package, cold weather package
After giving me a price of $3050 down and $529 a month, he quickly came down to $2933 down and $499 a month. 36 months/10,000 miles

The rate was .00190 which I wanted to know if that was their current rate? Also can you tell me the residual based on this information and if it is all correct? I really liked this deal over the Audi A5 but refused to sign anything until I got final word from here. Does anybody have past experience with a recent lease with similar terms?

Thanks so much guys

jamesa4

That is a crap deal.

jamesa4

Not enough info, but looks like a bad deal. Why not use security deposits instead of down payments? You get that money back at lease end and it lowers the payment just like money down.

usmarinecorps

well, sorry didn't specify: BMW 328xi premium package, cold weather package

$0 down, taxes and fee's up front are $2933

so we are left with 10,000 miles a year, 36 month lease
payments are $499 a month given to me at the .00190 and I forgot to take down the residual.

Still looking like a bad deal? 3 years ago, my last lease, numbers were never this high, but I have almost come to accept this.

If not can anyone figure out what sort of deal this should be hovering around? First time at the bmw dealership, really an Audi guy.

usmarinecorps

Is the cold weather package a $750 option? That was the number it was looked at.

ctsoxfan2

CarMan - Can you give me the current lease rates for a 335i convertible...36 months 12k/year. Thanks.

usmarinecorps

Can I get the current lease rates for a 328xi coupe, 36 months, 10k/year. thanks

Also guys, what do you think about this deal.

BMW 328xi coupe, 36 months, 10k/year
options: automatic, navigation, premium

MSRP: $44,900 $2900 out of pocket, $485 a month

Current residual, 65%, money factor .00160.

Is this all on par, any suggestions for a better deal? thanks

zorahadic

Hi CarMan.
I got the deal today for 2011 335i sedan and have a few questions..

MSRP: 47275 (Premium pkg, auto, heated front seat, harman kardon, ipod)
Sell: 44500(not sure exactly but should close to 44500) + Tax+Lic+Acqusition.

First month payment: $983 (first month + license +title)
$590/m

My first question is... is this a good deal? at least ok deal?
and the second question is... I already have signed and made a deposit of $983(first month fee)... in case this is not a great deal at all, do I still have chance to get away from this deal without losing the deposit?

zorahadic

i did not put enough information, the tax rate is 7.375 and the lease was for 10k/yr

nick016

Hi Carman,

Thanks as your advice has been helpful to me already. Here is the offer I was given today. This is in Minneapolis MN for 3 yrs, 10k.

MSRP: $41,265
Sale Price: $38,965
AQ fee: 925
Document fee: $75

Tax: 6.875%
Title/Lic: $499

Residual factor: 64%
MF: .00165

No security deposit. Total upfront cost including first payment: $2,283.76
Monthly payment: $483.85

What are your thoughts and where can I negotiate back?

Thanks!!!!!

rosenkreuz

Hello, Car_Man,

Could you please provide me the MF and residual values for 2011 328i coupe and 335i coupe for 10,000 miles/year for 36 months lease?

Thanks.

christopher99

Hi Car Man--

Can you please provide October's buy rate money factor and residual value (%) for a 36 month lease on a 2011 M3 Sedan with 10,000 miles per year.

Also, is it common for the dealerships to add basis points on the buy rate. What is consider fair and competitive?

Thank you in advance for your response.

CarMan@Edmunds

Hi christopher99. BMW Financial Services' current 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 .00150 and 55%, respectively.

Car_man
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CarMan@Edmunds

Hi charlie516. The money factor that you were quoted looks great. It's right in line with BMW Financial Services' current buy rate for this model. The dealer is however marking up your car's acquisition fee by $200, FWIW.

Now let's take a look at this car's selling price. The vehicle that you are interested in probably has a spread of around $3,500 between its full MSRP and its dealer invoice price. The $2,300 dealer discount that you were quoted probably puts you at around $1,200 over invoice, which isn't terrible considering that this is a 2011 model and the fact that the dealer is not marking up your money factor. If you are in an area that has a decent level of competition, you may be able to find a dealer who is willing to shave a couple hundred dollars off of this car's price.

Car_man
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CarMan@Edmunds

Here you go, ctsoxfan2.

BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 335i Convertible with 12,000 miles per year are .00180 and 63%, respectively for consumers who qualify for its top credit tiers.

Car_man
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CarMan@Edmunds

Hi zorahadic. The car that you're interested in probably has a spread of around $3,700 or so between its full MSRP and its dealer invoice price. That puts the selling price that you negotiated at around $1,000 over invoice. There might be a couple hundred dollars to play with here, but this deal isn't bad.

Just make sure that the dealer uses BMW Financial Services' October buy rate lease money factor of .00145 to calculate your payment and you're in business.

Car_man
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CarMan@Edmunds

I'm glad that you've found this site so helpful, nick016.

The money factor that you were quoted looks a little high to me. BMW Financial Services' current buy rate for a 36 month lease of a 2011 328i xDrive Sedan is .00125 for consumers who qualify for its top credit tiers. Try to get the dealer to use that factor to calculate your car's payment.

As far as this car's selling price goes, there is probably around a $3,200 spread between its full MSRP and its dealer invoice price. The $2,300 dealer discount that you were quoted probably puts you at around $900 or so over invoice. That's not bad, as long as the dealer is using the buy rate money factor.

Car_man
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CarMan@Edmunds

Here you go, rosenkreuz.

BMW Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 328i Coupe with 10,000 miles per year are .00160 and 65%, respectively for consumers who qualify for its top credit tiers.

The numbers for an otherwise identical lease of a 2011 335i Coupe are .00175 and 64%.

Car_man
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CarMan@Edmunds

I'd be happy to help you out, christopher99.

BMW Financial Services' October 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 .00150 and 55%, respectively for consumers who qualify for its top credit tiers.

Yes, BMW dealers try to mark up BMW FS' buy rates all the time. If I was in the market for a BMW, I personally would try to get them to use the buy rate to calculate my payment and see what happens.

Car_man
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honkeydorey

Good morning Car_Man-

Long time follower and 1st time poster. Can you let me know the residual and MF for a 2011 M3 Convertible 12k miles? I see last month it was 66% .0016 and haven't been able to find anywhere if it has changed for October.

Let me know when you get a chance

thanks

Splooge911

autopal

I just move from Florida to Western Canada with my 335i, and will be facing my first winter. I know that winter tires is a must, but the local BMW dealer is asking $3200 for the winter package!! (tires, alloy wheels, TPM, etc). I check tirerack.com, and see where I can get a simillar package for $1100 less with either Blizzak LM-25 RFT or Pirelli Winter 210 Sottozero RFT (I'm not sure which is better), but the rims are not original BMW rims. Do you guys think the BMW package is necessary and worth the extra coin? Thanks very much for your opinions.

jjlawyer

No. Get them from tirerack

mahoba

Hi Carman. Can you give me the money factor on a 2011 335i XDrive Sedan? Two different BMW dealers have given me two different rates, both of which I suspect are higher than the BMW buy rate.

Thanks

newbee3

Hi Carman, can you please provide the October MF and residual on 335 d for 15k miles/yr? Thanks

foxtwonine

Just ordered 335is MSRP 56,350 a few weeks ago. I think price went up a few hundred since then. Production started this week. Be here in Dec.

2,500 drive off
700/m
12k miles year

Space Grey / Red
Premium
DCT
Heated Seats
Ipod / Smartphone

jamesa4

Ahh, I'm jealous. Awesome car in my favorite color combo. Good luck with it!

sfshopper

Hi Carman,

Can you let me know if this is a good lease deal?
Premium Package
Sport Package
Value Package
Navigation,etc...

36-month lease
MSRP 53450.00
$1449 drive off = $702 (1st year fee)+ $50 + $697 (first payment)
$637.09/month
10K miles a year.

Thanks for your help!

shahman

2011 328Xi sedan

MSRP - $ 44,215

Down $ 2,700 (includes 1st month payment)

36 month lease

12K/yr

450/month (includes local tax)

Please let me know if this a good deal

henry44

Hello- does anyone know what the money factor and residual I should be paying for a 328 or 335 convertible w BMW this month (OCTOBER). I have top credit and want a 36 month lease 10,000 miles per year. [One dealer here in HOUSTON gave 0.00175 and 66%]

msimeone

hey car_man (hosts and moderators)

i'm back in the hunt for a new BMW 3 series but need to know the following for this month:

1. current residual for 2011 sedans and coupes (so four sets of numbers
2. current MF for 2011 sedans and coupes
3. is BMW giving lease cash for either model? dealer incentive? free automatic transmission? any other published or unpublished rebate and/or incentive
4. for 10k miles on 36 month lease.

thanks so much forums team!!! this is so helpful

Mark

emaan1

335is 2011. Nav, 7speed dual clutch, Harmon-Kardon sound, leather, bluetooth, etc.

10K mi/yr x 36 months
MSRP: $60625
Selling price: $56545 +tax, tags, title
MF: 0.0019
Residual: $36375
Sales tax: 3%
Lease $805/month (everything inclusive). Nothing down - only first month.

Deal or No Deal? Any advice is appreciated.

diggssss

Here is the deal I am looking at...

2011 328xi
15K mi / 36 months
MSRP: $43,240
Premium Package
Automatic
Navigation
Value Package

$1099 at signing includes first month payment
Lease: $455 / mo (includes taxes)

I think this is a good deal, what do you think?

pencal

guys,
is the current bmw offer for 328xi a good deal? Is there any room to negotiate if this is an offer from BMW.com?

premium package
value package
automatic
10k miles (more than enough for us since we only drive around manhattan)

• $0 Down payment
• $0 Security Deposit
• $459 Cash due at signing (first month payment)

MSRP $40,550.00
Total lease payments $16,524.00 ($725 acquisition fee included)

CarMan@Edmunds

Greetings honkeydorey. Here's the info that you're looking for.

BMW Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2011 M3 Convertible with 12,000 miles per year are .00160 and 66%, respectively...the same as last month.

Car_man
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CarMan@Edmunds

I'd be happy to, mahoba. BMW Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2011 335i xDrive Sedan with 15,000 miles per year are .00160 and 59%, respectively for consumers who qualify for its top credit tiers.

Car_man
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CarMan@Edmunds

Here you go, newbee3.

BMW FS' October buy rate lease money factor and residual value for a 36 month lease of a 2011 335d with 15,000 miles per year are .00175 and 56%, respectively for consumers who qualify for its top credit tiers.

Car_man
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CarMan@Edmunds

Hi sfshopper. The easiest way to evaluate this lease would be to look at this car's selling price compared to its MSRP. That will show us how large a dealer discount you are being given and if there is any meat left on the bone so to speak. Let us know what this car's selling price is and I'm sure that either myself or another helpful community member will gladly let you know what they think.

Car_man
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CarMan@Edmunds

Hi shahman. At first glance, this car's payment looks reasonable, but the easiest way to evaluate this lease would be to look at this car's selling price compared to its MSRP. That will show us how large a dealer discount you are being given and if there is any meat left on the bone so to speak. Let us know what this car's selling price is and I'm sure that either myself or another helpful community member will gladly let you know what they think.

Car_man
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CarMan@Edmunds

Hello henry44. BMW Financial Services' October buy rate lease money factor and residual value for a 36 month lease of a 2011 328i Convertible with 10,000 miles per year are .00170 and 66%, respectively.

The numbers for an otherwise identical lease of a 2011 335i Convertible are .00180 and 64%.

Car_man
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CarMan@Edmunds

You're very welcome, Mark.

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

The numbers for otherwise identical 3-Series variants are:

328i xDrive Sedan: .00125 / 61%
335i Sedan: .00145 / 59%
328i Coupe: .00160 / 62%
328i xDrive Coupe: .00160 / 62%
335i Coupe: .00175 / 61%
335i xDrive Coupe: / 61%

The residual values for leases with only 10,000 miles per year are 3% higher.

The only cash incentives that BMW is providing on the 2011 3-Series right now is its free option credit promotion.

Car_man
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balboa625

Hi, I am being offered the 2011 BMW 328xi lease for 467 month includes pa sales tax of 10%.

Other details
Msrp 41290

10 k miles per year
4178 due up front but 3500 refundable msds

Thank you for assessing this

keitarou

Hi diggssss,

I think it's a great deal. Can you tell me which dealer you got this deal from?

Regards,

Jeremy

diggssss

Carman,

What do you think?

m3_lease_help

what is the money factor and the residual of a 2011 m3 convertible with 10,000 miles a year? I live in CA and would love a recommendation on where to lease. Appreciate any help. Also any advantage in buying off the lot rather then ordering?

malenky

Hi, Car_man! Is the free option credit promotion only good for 3-series or 5-series as well? What is the credit amount - $1750 or $1800? Thanks, Eugene.