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The residual value for a lease with 10,000 miles per year would be 1% higher.
When negotiating your deal on this car, make sure to take advantage of the $1,500 cash incentive that is currently available on leases of it.
Car_man
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I am looking to lease a 328i that has an MSRP of $44,020 and I'm getting at $39,995. I am getting the $1,000student discount but not the loyalty discount and I have excellent credit, what should I expect the monthly payment and initial payment to be for a 10k 36 month lease? I don't want to put any money down because it's a lease. Can I also expect to get the $1500 Lease credit? I was a bit confused by that showing up sometimes and other times it wasn't.
Thank you
I just signed a lease but havent taken possesion of the car. I think I got a bad deal. I was a rookie and the it was a high pressure sales pitch.
Texas Lease (Sales tax is for whole care i believe)
My Credit: 795
Money Factor: .00155 ("best I could get")
2012 BMW 328i sedan
MSRP: $48,295
sold at: 44,733 ("2500 Behind Cost")
$0 down
Term: 36 months, 10k miles
Residual: 57%
monthly payment $658
Final $699/month (after Lease protection $1400)
Any insight on my deal?
Thanks
I am brand new to BMW and leasing in general. I received the following quote and ran it by some friends that have leased BMW's before and they all think it is too high. I just wanted to see if you think this is a fair deal, or if it is overpriced?
I have tried to get them to come down several times, however they are not budging.
Index Description MSRP
Base Price $36,850.00
ZPP Premium Package 3,100.00
ZTP Technology Package 3,100.00
4AB Dark Burl Walnut Wood Trim 500.00
4DM Pearl Gloss Chrome Trim Highlight 0.00
Base Price Discount - Pre 1/2013 Inventory -350.00
Destination and Handling 895.00
TOTAL AS EQUIPPED $44,095.00
SELLING PRICE $40,630.00
Lease Terms
Lender BMW Financial Services
Term 36 Months
Mileage 12,000/year
Money Factor 1.3
Residual Factor 62%
Selling Price $40,630.00
Total Capitalized Cost $40,630.00
Residual Value $27,338.90
Total Depreciation $12,295.64
Capital Reduction $995.46
Monthly Depreciation $341.55
Monthly Rent $87.07
Monthly Payment $428.61
Tax (7.5%) $32.15
Monthly Payment + Tax $460.76
Capital Reduction $995.46
Cap Reduction Tax (7.5%) $150.03
License & Registration $388.75
Bank Fee $925.00
Documentation Fee $80.00
First Payment $460.76
Security Deposit $0.00
Drive Off $3,000.00
Trade Equity $0.00
Rebate $0.00
Due at Signing $3,000.00
Thanks for your help!
What is the residual value and money factor for a 12k/year, 36 month lease on a 2013 328i. I know they have a $750 incentive for those who currently lease a BMW. Any other incentives?
There's a $1,500 cash incentive on Coupes and Convertibles that are financed through BMW FS this month, but nothing on Sedans.
Car_man
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As far as this car's selling price goes, I'd say that it's right around or perhaps slightly below dealer invoice, but certainly not $2,500 behind cost.
I don't think that this is a great deal, particularly on a 2012 model.
Car_man
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What is the residual value and money factor for a 12k/year, 36 month lease on a 2013 328i? I know they have a $750 incentive for those who currently lease a BMW. Any other incentives?
I had previously asked but thought I found the answer in previous posts but just wanted to double check.
Would you shoot for at most $1000 over invoice for final price of this car?
Thanks
"I personally wouldn't take delivery of this car if I was in your situation."
I haven't possessed the car yet because they are updating the software for the past week, but:
1) I signed the lease
2) made the first payment
3) BMW Financial Services has me in their database
4) "The car has been titled in your name"
5) "Texas dot has already sent our business office your title paperwork"
I assume I have to take delivery of the car at this point. Don't you agree?
The $3,400 discount that you are being given on this car looks good to me. The .00130 money factor looks excellent as well. The dealer is marking up BMW FS, $725 base acquisition fee by $200, but when taken in context of the overall deal (including the low doc fee), that's not a big deal.
I personally would skip the $995 capitalized cost reduction, I always advise consumers to go with zero down leases, but it isn't wrong to make one per se.
Car_man
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In addition to the $750 loyalty credit that you mentioned, in February BMW started waiving the first month's payment on leases for loyal customers as well.
Car_man
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If you are in an area that has a decent level of competition, I would say that between $500 and $1,000 over invoice on a 2013 328i Sedan is a good deal.
Car_man
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Car_man
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How does this deal sound to you? First, I am not sure how to determine what the "real" invoice price is since the dealer seems to show me one price as invoice, but I can be certain that is not his invoice price. With all the being said, I am trying to build a X3 since there does not seem to be any in the BMW system that have the specs that I want...performance package, entertainment package minus navigation,etc.
Price $43745
Factor .00135
Residual 61% or 26684
Supposedly we are getting $1500 off the price for loyalty.
Please advise. Thanks so much!
Elizabeth
http://townhall-talk.edmunds.com/WebX/.f22cc53/1031
Thanks
In answer to your question. You can look up this vehicle's dealer invoice price right here at Edmunds.com in the New Vehicle Pricing section of the site. I always advise consumers to use this number when determining a selling price. Yes, the dealer is going to claim that there are other charges that aren't included, but the manufacturer kicks money back to the dealer that isn't included as well. The pricing data here makes a good starting place to figure out a price to offer. If I was in the market for an X3 in an area that had a decent level of competition, I personally would shoot for $1,000 or so over the invoice price that is listed here minus any available cash incentives.
There is a $750 loyalty cash incentive on the '13 X3 right now. BMW just began waiving the first month's payment for returning lessees as well.
Car_man
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What is BMWFS residual for top tier credit on a 15kmile 2013 535i?
Thanks
http://townhall-talk.edmunds.com/WebX/.ef9d9cd/3805
Thanks.
BMW Financial Services' February buy rate lease money factor for a 36-month lease of a 2013 535i Sedan with 15,000 miles per year are .00130 and 60% for consumers who qualify for its top credit tier.
Car_man
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I am looking to lease a 2013 328i manual with Sport or M Sport package. No sure of the color or options, but I know I need 16K miles per year. If I go with a 328i Sport with red paint, sunroof and heated seats the invoice price is $38,660. What's a good price for this car? $500 over invoice? What would a lease payment be with zero down? If I add the M Sport package I could live without a sunroof and heated seats. Invoice would be $38,480. Do the Sport and M Sport packages change the residuals? Thanks in advance for any help. Really looking forward to getting back into a BMW after 10 years driving other marques.
MSRP: 44,495
Negotiated final price: 40,495
State sales tax: 6% Florida
Current rate 3.79%
How do I figure "car value at end of loan?"
36 months 10,000 miles
Base: 36,850 BMW 328i M sport
M Sport: $3850
Lighting Package: $900
Black Dakota Leather: $1450
Estoril Blue: $550
Destination: $895
Thanks
Bobby
2013 328i 4dr Rear-Wheel Drive (FLORIDA)
Estoril Blue
Black Dakota Leather
MSRP: $47,070
Base: $36,500 (manufactured without Bluetooth capability-$350 less than normal MSRP $36,850)
Invoice: $43,935
OPTIONS:
M Sport: $3,850
Premium package: $3,100
Lighting package: $900
Rear-view camera: $400
Park distance control: $750
Harmon Kardon surround sound: $875
OPTION CREDIT: -$750 (credit for manufacturing without bluetooth capabilities)
Destination: $895
OFFER:
$47,070 MSRP
Discount: $3,119
Rebate: $1,000
Equals: $42,551
costs/fees:
transportation: $600
rental surcharge: (estimated) $60
Doc Fee: $699
Tax: $129.19
Non Tax fees:
Bank acquisition fee: $925
license fee: $450
Tag agency fee: $32
Tire disposition:$5
Florida Lemon Law: $2
Battery Disposal: $1.50
ADJUSTED PRICE: $43,251
After fees: $45,854.69
MONTHLY PAYMENT (36 months/10,000 miles)(money factor .0016)
$529 month (includes tax)
$3000 at closing covers fees and first months lease.
Thanks for the response. The dealer is trying to charge me $598 (including tax) with a price of $43,251 on a 36 month/10K miles per year. Not sure how they are deriving this price based on the quoted money factor (.0016). Not sure where to go from here...when I explain that I am seeking help (you), they tell me some sort of BS. Wish I could just get a straight answer from them! Thanks for your insight!
Elizabeth
Currently negotiating a lease on a 335is. Noticed a few posts ago something about BMW covering the first payment. Of course it hasn't been mentioned in the back and forth with the dealers. Is there somewhere I can look this up for confirmation and print it out?
Bill
That said:
1.) Can you provide me with the February money factor and residual based on a 36 month 15k/year lease for a 2013 328i Sedan?
2.) Also, aside from the $750 loyalty incentive is there anything else currently being offered by BMW? Is there another $1000 in lease cash by any chance? Also is BMW picking up the first month's payment?
From my research it seems like the current money factor is .0013 and the residual would be 60%. Could you please verify these for me?
The MSRP on the car is $43,570 (Sport Line, Lighting Pkg, Heated Seats, Moonroof, Harmon Kardon). Including all incentives I am aiming at an out the door price of $38,500-$39,000. Absolutely no money down. Is that possible? I don't want to pay more than $480-$490/month, and that is with taxes included (NJ-7%). Based on a $39,000 out the door price I'm coming up with a $472/month (including taxes). Does this sound right? Thanks!
I am preparing to make an offer on a 2013 328i with an MSRP of $48,770. I am assuming an agreed upon value of $44,770; a dealer rebate of $1,750 ($1000+$750 loyalty); an acquisition fee of $725; a residual of 65%; a money factor of .0013 (top tier credit); 10k miles per year; 36 mo lease; and a $0 down payment (except fees and first month payment).
My questions are:
(1) Does this appear to be a reasonable offer?
(2) Based on the information I've shared, can you estimate (roughly) what my monthly payment would be?
Thanks so much!
If I’m looking to lease a 2013 335i convertible loaded with pkgs:
1) If MSRP is approx. 62k, what should invoice be?
2) If mileage is 12k/yr, what should RV% be (.62?)
3) car is at a dealership distant part of my home state:
a) should I negotiate with the local dealership, whom I know pretty well, and have them do a dealership swap for the car?
b) should I negotiate directly with dealership who presently has the car and have them deliver car to me?
I’m essentially using the Edmunds lease formula and would like to get the price closest to what I calculate once I correct for your advise on approx. invoice and approx. RV% with 12k/yr lease.
THANK YOU, THANK YOU!!!!
I found out the hard way that if they can take your money they will. I felt like they robbed me when I first leased 335I. Next month 03/2013 will be the end of that lease and I came back to the same dealer and I think they're trying to rob me again. I'm now looking 335Is which came to 66,845 MSRP.
First I asked them the buyout price. It's stated in my contract that it's $37,000. But when they calculated the buyout price it's actually $38K because they're adding $750 charge for the car run through their shop. That's total BS. It's my car and I want to buy it. I don't want to pay $750 for extra checkup...
Then I asked about the new lease for 335Is with 66,845 MSRP. I also owe them $2400 worth in miles overage and no run flat tire. They told me to leave my current car there go rent a car for a month while they order this new car. Put $5k down. Then pay them $862/month for 36 months.
I assume since I'm leaving the car with them I don't have to pay last month lease.
Is this a good deal? On their website the lease offer is only $529/month for 36 months for msrp of 63K car excluding tax, tags, title. I was told that deposits will be 4700 + tax 4000 + my miles overage 2400 + run flat 1600 = ~$12,700 in order to turn my car in and get that $529/month rate for the new 335Is. Is he lying and using scare tactics?
How much can the tax be? Do they tax on the entire MSRP or just the lease amount? I feel like they're trying to rob me. Any pointers are greatly appreciated.
MSRP: 42,709
Selling price: 40,295
Acquisition fee: 725
Rebate: 100
Total Cap Cost: 40,020
1st moth pay: 553.35
Fees and insurance: 181.50
Total due at delivery: 734.85
36 months at $553.35
17K miles (2k additional miles per year @ 0.15) Total Miles Allowed 51K
Money Factor 0.00130
Total residual 24,777
Is this a good deal? The dealer is in PA, as am I, and is marking up the car $500. Or so he tells me.
MSRP for the new vehicle is $59,145. I believe the sales person calculated the lease payment based upon a final cost of $55,900, but all that paperwork magically disappeared. I have no idea of the residual value. All is know is my monthly payment would be $646.29 for 36 mos, 10k miles per year. Total out of pocket is $1801.89. Does this sound reasonable, or do I need more info?
Has anyone heard of Best Buy Auto Leasing out of NY? They gave me a lease based on selling price of $59,145 MSRP, 65% residual, .00130 MF. Out of pocket around $1,600, monthly payment $564.82.
Help.
Could you tell me what the money factor and residual would be for a 2013 335i lease for 36 mo, 10K/yr and 12K/yr?
Thanks!
MSRP: $55,995
Selling price: $53,495 before taxes and fees
Quoted MF: 0.00170
Quoted Residual for 3 years 36,000miles: 62%
With $7500 dollars down (I choose that number not the dealer) to cover all fees and a decent up front payment. I am being quoted a monthly payment of $475 a month. Should I be looking to try to negotiate the money factor to the base rate of 0.00130 and/or negotiate better on the selling price? What would the residual be if I went with 15,000 miles per year?
Can somebody let me know if this deal looks good or not? Not sure how I feel about them upping the money factor.
You should negotiate a lower money factor AND price.
What should I be looking for as far as selling price goes on an MSRP of ~56,000? The money factor should obviously be 0.00130. I can change the money down to whatever, I just like lowering my payments up front.
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Long time forum stalker! Thanks so much for all you do! My first post -
I am currently leasing a 2011 328 X Drive Sedan on a 27 month lease. I have 4 payments remaining.
My dealer is offering the following:
Car:
2013 X Drive Sedan
Mineral Gray Metallic
Cold Weather
Lighting
Premium
MSRP: 46,045
Selling price after rebate and discount: $41,995
Residual 63%
MA Sales tax: 6.25%
Money Factor: .0017
36 months / 10K per year
Due at Signing: 4754
Monthly payment of $425 with tax. They are moving it down to 420.
Do you think this a good deal? They are taking my 2011 back as well and waiving the 4 remaining payments. Do you think I can do better? The money factor seems high given what I have seen and assuming I am a returning customer I would have expected better!
Any insight would be greatly appreciated! Many thanks
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MSRP is 51,520 TMV is showing as 48,938. Assuming that price minus any incentives. etc
This will be my second lease. (First BMW) and I did much more homework then I did the first time around.
What would the MF and Residual be on a 42 month lease? Is a 42 month lease not recommended as I don't see it discussed much. 10k miles a year or 12k miles a year. My current 3 year car only has 25k on it. I hope I'm not asking all the wrong questions here.
10k miles/36months, 39,42 residuals?
12 miles/36months, 39,42 residuals?
Last question is. I'm in NY state and is it best to just pay the taxes up front or roll them into the monthly payments? I can do either or.
I may even go out of state to buy the car in order to put down 7 MSD's
Car_man
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At the beginning of the month there wasn't any cash incentives on '13 3 Sedans other than the $750 loyalty and loyalty payment waiver, but a week or so in BMW increased its support on this car and brought out a $1,000 cash incentive on leases of it.
If you're in an area that has a decent level of competition, I would not be surprised if you were able to get this car for $500 or so over invoice minus the cash incentives if you shop around.
Car_man
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Let's work up a payment. Using the numbers that you mentioned in your post, I come up with a zero down, pre-tax monthly payment of around $463.
Car_man
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BMW Financial Services' February buy rate lease money factor and residual value for a 36-month lease of a 2013 335i Convertible with 12,000 miles per year are .00130 and 64% for consumers who qualify for its top credit tiers.
You can try to have your local dealer swap for the car for you, but this may hamper your ability to negotiate the best possible deal as there is expenses and risks for dealers associated with swaps that they will likely want to be compensated for.
Car_man
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If you feel as though you were ripped off by this dealer the first time you leased through them, why are you looking to buy something from them again? If they aren't the only dealer within a hundred miles I personally would not reward someone who ripped me off with more business.
Car_man
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If you were to lease with only 10,000 miles per year, this car's residual values would be 1% higher.
There is a $1,000 cash incentive on leases of this car for everyone plus another $750 and waiver of the first payment for loyal customers.
Car_man
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And then if the car is stolen (not recovered), or totaled, you lose that entire down payment.
I need your help please! I am looking to lease a 2013 328i xdrive and I got the following offer from my local BMW dealer. Do you think it's a good deal?
MSRP: $48,300 (btw, I noticed that the dealer's sticker price is $350 lower then the price I get from bmwusa.com when I build the same exact car)
36-month lease/15k miles per year
$605 (and change) per month is what they offered me. They want me to pay them a little over $1,000 when signing the lease. They said that's the 1st month's payment + taxes and fees. I live in the Chicago area and I was told that taxes on car leases in IL are higher than most other places in the country. Thanks in advance!