BMW 3-Series Lease Questions

beamer100

The $329 pm lease for 27 months looks good, I want to lease one, could someone help me with this lease, I am from southern california. Is this lease negotiable, what questions needs to be asked for a lease, I am new to lease.

CarMan@Edmunds

Hi DVig. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 335i xDrive with 10,000 miles per year are .00190 and 62%, respectively for consumers who qualify for its top credit tiers.

This factor is reduced by .00030 for loyal customers.

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CarMan@Edmunds

Socal59, BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 328i Sport Wagon with 15,000 miles per year are .00175 and 61%, respectively for consumers who qualify for its top credit tier.

This money factor is lowered by .00030 for loyal customers.

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beamer100

Hi Dtv,

Which dealer did you go to, I am also looking for in orange county, just want to know if the lease (329 pm for 27 months) is negotiable.

klauslaw

Can someone tell me if this is a good deal on a 2011 335D w/ Cold weather package, Sat radio for 1 yr, heated steering wheel and 12k for 27 months:

399 p/m
3100 OTD

Thx

stushmush

apologies if this has been answered, but i can't seem to find it. can u please give me the lease rates on a 328ix. 27 months and 36 months, 12k miles and 15k miles.

i live in pennsylvania and was quoted:
MSRP 44,765
Selling 42,500

36 months, 15,000 miles/year, 4,148 due at signing, 550/month tax included.
this doesn't sound like a good deal considering i could buy it for 6 years at 3.9%.
THANKS

tutti456

Hi guys,

I'm new to this whole leasing thing. First time getting a car. I got a quote on a 328xi sedan. I was told I could lease one for about $445-$475 per month (depending on options), with $3,000 down, 12,000 miles, and 27 month lease.

Is this a good deal? Or am I being played?

socal59

Thanks Car man!

CarMan@Edmunds

Hi klauslaw. BMW Financial Services' April buy rate lease money factor and residual value for a 24 month lease of a 2011 335d with 12,000 miles per year are .00185 and 67%, respectively for consumers who qualify for its top credit tiers.

The money factor for loyal customers is .00030 lower.

This is BMW's 24 month program. I haven't seen the numbers for a 27 month lease, but if it is available it's likely close to what I posted.

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CarMan@Edmunds

I'd be happy to help you out, stushmush. BMW Financial Services' April buy rate lease money factor and residual value for a 24 month lease of a 2011 328xi Sedan with 15,000 miles per year are .00200 and 71%, respectively for consumers who qualify for its top credit tiers.

The numbers for an otherwise identical 36 month lease are .00200 and 62%, respectively.

The residual values for leases with only 12,000 miles per year are 2% higher.

The money factors for loyal customers are .00030 lower.

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CarMan@Edmunds

Hi tutti456. How good a deal this is depends upon what this selling price is. If you provide us with its selling price and something to compare it with, like the MSRP, I'm sure that either myself or another knowledgeable community member will gladly give you their opinion on this deal.

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klauslaw

To add a Lil more info to my previously posted deal which i think is a great deal unless someone can tell me otherwise:
MSRP 47,475
Price 39,922 (Cold weather pack, sat radio 1 yr, heated steering wheel, BT, Ipod adapter, BMW assist)
MF .00185 (i dont have perfect credit)
residual 67%
Lease term 27
$3100 OTD including 1st month payment
$396 p/m

Thx

mischiefbenz

Hello all,

I'm a Canadian that has moved to Dallas about 2 months ago and am looking to lease a 2011 335i sedan from a local dealer. I'm interested in doing 27 month lease. I've shopped around at 3 local dealers and the best lease and residual rate I got was 0.0024 MF & 71% residual. I'm assuming that these rates are for customers that qualify with top tier credit.

The vehicle I am interested in lease has an MSRP of $55,975. I was able to negotiate the selling price of the vehicle to be $54,886.32 out the door (inclusive of taxes, fees, title, license, etc.). Essentially the dealer is selling the car to me for $50,590.72 + fees and taxes. Based on these numbers, my monthly payment was to be $788/month. Keep in mind that in TX, the 6.25% sales tax is applied on the whole purchase price of the vehicle & not just on your monthly payments.

After going through the approval process, the dealer comes back to me and says that since I'm a foreign national, I don't qualify for the 0.0024 MF. This is even after they pulled my Canadian credit (my Canadian credit history is perfect). They claim that the best rate they can offer me is 0.0045 MF. This rises my payment to $944/month. This MF seems outrageous. What is the buy rate for the dealership at the tier they are categorizing me in?

To reduce my monthly payment, they have offered me the pre-pay lease option. In this scenario, the MF drops to 0.003325 and that I don't have to pay tax of the vehicle. So therefore my lease is based on a net cap cost of $51,657.71. Through this arrangement my monthly payment is $740/month, but I pay all my payments upfront ($19,980 due at signing). After crunching the numbers, I realize that they are charging me interest on the full $51,657.71. If I'm prepaying a lease, shouldn't I only be paying interest on the amount I'm borrowing? In this case the residual value of $39,742.25? The dealer claims that BMW's incentive for a pre-paid lease is the lower MF & no tax.

My last question deals with how gap coverage is dealt with on a pre-paid lease. Is it the same as a normal lease scenario? I know insurance in the US only covers replacement value for the vehicle. For example, if the car is written of 6 months after I get it, my commitment into the lease is $740 x 6 = $4440 (balance owing is $51,657.71 - $4440 = $47217.71). Now if insurance is only going to pay out $45000 for the car, will BMW still cover the $2217.21 gap between the market value of the vehicle and whats left on the lease? Or since I prepaid, I'm going to have to eat the gap?

Thanks in advance for your help.

purchasingsoon

Sounds like a complicated deal. I can't comment on a lot if the issues but the money factors are completely outrageous. Totally and completely outrageous. First, they are marking up the original buy rate from .002 to .0024: this equates to an interest rate of 5.76%. Steep. The other mf's they quote convert to interest rates of 10.8% and 8%! That is completely nuts. It's like putting your car on a credit card.

purchasingsoon

See if U can get a lease through a local bank instead.

mischiefbenz

Thanks for you input. I've shopped around 3 dealerships in the Dallas area and 0.0024 (5.76%) was the lowest MF I could get from any dealership. Seems to me that we're getting ripped off in Dallas.

I have a gut feel that the dealer is using the fact that I'm Canadian as a excuse to try to take advantage of me. They've given me a pretty hefty discount on the vehicle and I'm sure they are trying to recoupe some of that discount.

I'm thinking I'll have a problems leasing through a local bank was well due to my lack of US credit. I bank in US with HSBC and unfortunately they don't offer car leases. The do loans, but the rate is 7+% right now.

I'm torn, cuz my total comittment over the 27 months is just under $20k. It would be hard pressed to purchase any luxury vehicle and lose only $20k in the next 2 years.

drew11m

Anyone know if they use that money factor number on financing deals as well as the lease? I have an offer on the table for a 4.69 CPO Credit back of 1500, or I can lease a new one, but would I see that 4.69 on the finance documents or would it be something in decimals>

Thanks!

lorenzomia

I want to know what would be an acceptable offer for a regular 328 Sedan, No packages, no special paint. With absolutely no money down - sign and drive including inceptions dealer fees etc - 12k miles with 7% tax? What would be a good monthly payment (assuming top tier credit)? 350? 390? 420? 450 ?

My current lease expires in 60 days and I am overpaying so I want to get a good deal this time around.

Thank you.

rojo5

The lease of my 2008 BMW 335xi is ending. I have been quite happy with the car and have only driven it for <30000 miles. Does it make financial sense to buy or it or look for a new one?

jayrider

It depends on the buyout price and financing. Check out leasing a new one and compare payments.

purchasingsoon

money factor only used in leasing.

purchasingsoon

you have to do some work on your own first. use edmunds and/or truecar to see what the average price is for the car you want, then use the leasing terms and calculators that are posted to calculate your payment. i will say that you will not be able to find a 328 without options, they generally have a bunch of standard things on the cars at your dealership (check your dealerships websites??). after you can post some details about the deal you are looking at, people can offer some advice on how whether you have a fair deal, and what you can do to potentially negotiate for a better offer.

bimmer328xi

Hi Carman,

I am currently looking for a deal of leasing a 2011 328xi coupe and would like to learn the BMW Finanical Service MF and residual inforamtion from you. If I go with 27month/12k, or 36month/12k, respectively.

By the way, I leased a 525 in 2006 and returned it in 2008. Currently I don't own or lease any BMW. Am I still qualified as a BMW loyal customer ?

Thanks for your asisstance!

sabrothe

Car Man--

I haven't been able to find a forum on leasing a new M3 Convertible. If you find this message, can you tell me what the current Money Factor and Residual values are on a new BMW M3 Convertible? I am considering 12K miles/year, 36-month lease.

Thanks for your help.

CarMan@Edmunds

Greetings to the appropriately named bimmer328xi. BMW Financial Services' April buy rate lease money factor and residual value for a 24 month lease of a 2011 328xi Coupe with 12,000 miles per year are .00190 and 72%, respectively.

The numbers for an otherwise identical 36 month lease are .00190 and 61%.

These money factors are .00030 lower for loyal customers, but unfortunately I don't think that you qualify as one.

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bimmer328xi

Car Man,

Thanks so much for your information. You da man!
Went for a test drive last Sat and dealer gave me a MF as high as 0.0023. Now I have the bargain power, LOL.

CarMan@Edmunds

No problem bimmer328xi. Good luck in your negotiations and make sure to let us all know how everything turns out.

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mcjca

Hello CarMan,

Can you please help me out. Can you let me know what the following is for a 335i Sedan

(36mo, 12k)

- Money Factor (Top Tier Credit)
- Residual

Thanks for your help.

villager11

Car Man, looking to see if this deal is good.

2011 328xi
MSRP $40125
Selling price $36867
27 months Residual 73
Money factor .0020
first month $448
DMV $250
bank Fee $725
$448 month

Thanks..

exoniensis

Also looking to see if the below deal is good. Thank you very much in advance!

2011 328i
MSRP $36,525
Cost $34,260
Selling Price $33,760
36 Months Residual 64
First Month $911.02
Payment with Tax $439.27
Bank Fee = $725
DMV = $250

mxylplik2

Villager - how many miles is your lease term? 10k, 12k, 15k?

jameslinux

MSRP: $52425
Gross Cap Cost: $49,200 (includes $925 Acquisition Fee)
MF: 0.0023
27 month Residual Value: 69%
Mileage: 12K

I have a feeling this is not a very good deal.

Car_Man, please share the MF and residual for the 335ix.

Thanks,

James

villager11

Car Man, the car is being leased for 12k. Another dealer thinks that I am getting hosed for some reason. I am supposedly getting zag pricing through truecar.com. I am also supposed to pick the vehicle up tomorrow 4-25-11. I am concerned that I am missing something. Is there any thing I need to be aware of (i.e. demo, lemon law return etc.) that the dealer could be hiding?

markp999

My lease offer seems really low on the residual:
335d

36 months X 12K/year
2.25 money factor
.58 residual ???? *** So you want me to buy a car that's only going to be worth less than 2/3 of it's value in 3 years?
$1075 Dealer contribution, $3500 ECO credit, $750 lease cash=
bottom line $5750 init pmt, $544.64/month

Sound right? This is my first lease ever.

Aloha and thanks! Mark

tortez

Car Man, any info on the MF and Residual on the convertibles? Are they much different than the sedan.

36mo
10k
328 Convertible

Thanks

spidermanca

Hello Car Man & everyone!

Wondering about the MF and Residual for a 2011 328i Sports Wagon. 36 or 48 month lease with 15K miles/year.

Also, does anyone know if there's less haggling room when special ordering a car? No base wagons available in the area.

Thanks!

yeamba

Did you get an answer on the 2011 335i? I am thinking the same thing and doing european delivery? just wondering when you lock in all the rates?

CarMan@Edmunds

Hi mcjca. 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 .00200 and 63%, respectively for consumers who qualify for its top credit tier.

This factor is reduced by .00030 for loyal customers.

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CarMan@Edmunds

Hi James. BMW Financial Services' current buy rate lease money factor and residual value for a 27 month lease of a 2011 335ix with 12,000 miles per year are .00190 and 69%, respectively for consumers who qualify for its top credit tier.

This money factor is .00030 lower for loyal customers.

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CarMan@Edmunds

Aloha Mark. The residual value that you were quoted is right on the money. Quite frankly, I have a feeling that the 58% residual value might even be a tad optimistic. Even the best vehicles are rapidly depreciating assets.

Of note, the money factor that you were quoted is slightly high. BMW Financial Services' current buy rate lease money factor for the 2011 335d is .00200 for non-returning and .00170 for returning customers. Try to get the dealer to use that factor to calculate your car's payment.

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CarMan@Edmunds

Here you go tortez.

BMW Financial Services' current 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 .00195 and 65%, respectively for non-returning customers.

The money factor is .00030 lower for returning customers.

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CarMan@Edmunds

Hello spidermanca. BMW Financial Services' May buy rate lease money factor and residual value for a 36 month lease of a 2011 328i Sports Wagon with 15,000 miles per year are .00175 and 61%, respectively for non-returning customers.

The numbers for an otherwise identical 42 month lease are (that's the longest term that the special lease program is available for) .00175 and 53%.

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mintytoo

Hi Car Man,

can you provide me with the current residual values and money factor for 2011 335diesel, 36mo lease, 10k mi/yr and 12mi/yr?

Thanks

CarMan@Edmunds

I sure can mintytoo. BMW Financial Services' buy rate lease money factor and residual value for a 36 month lease of a 2011 335 diesel with 12,000 miles per year are .00200 and 58%, respectively for consumers who qualify for its top credit tier.

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

If you are a returning BMW FS customer this car's money factor will be .00030 lower.

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mintytoo

Thanks Car Man, I thought it was .002 also, but the dealers in Houston are telling me .0024, and there were two dealerships who both told me the same number. How should I approach that with tact? Do BMWFS actually publish this somewhere or is that only for client advisor eyes only.

Thanks

kyfdx

The maximum allowed dealer markup to the base money factor is .0004...

If you ask, most dealers will admit to marking up the money factor.. It isn't a coincidence that those two dealers are higher by the same amount.

mintytoo

Thank you, good to know.

dieselpower4

Thanks for all of the information provided by this forum. I hope this helps too...

335d 2011 sport package, premium, logic 7, nav, sat radio, heated seats

27 month lease

MSRP $54,050
Gross Capitalized Cost $47,609
Adjusted Capitalized Cost $46,057
Residual Value $36213
MF 0.00185

Base Payment $520.93
with gov't gouge $566.51

I am sure I gave up some in the lease but I feel OK about the starting price.

Good Luck out there...knowledge is power!

mintytoo

Hi dieselpower4,

Thanks for your input. When did u complete the deal, since around here, in May, they all tell me the MF is 0.0024 set by BMWFS, for a 36 mo lease, 10k mile/yr. Looks like you got a good deal. Also, did you know about the extra security deposits to help lower MF?

Thanks,
Minh

alberta44

Hey looking for advice for the lease offer I got from my dealer:
34 month lease
MSRP: 52,375
Gross Cap: 50,694
Cap Reduction: 3363.95
Net Cap Cost 47,330.05
Residual: 36,615 -> ~68%
Total Monthly Payments 549.00
MF -> .0019

What do people think? Good deal?