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BMW 3-Series Lease Questions



  • mjb27mjb27 Posts: 13

    I just bought a 328xi new with premium, sport, nav, dakota, upgraded lights, cold weather package, ipod(pretty much every option they have)with an MSRP of $44,525.

    I pay $557. So I would keep shopping if I were you!
  • Ok need help guys, payment seems way to high
    335i coupe, only option is sport package for European Delivery.

    MSRP: 42675
    Residiual % 60
    Miles 12,000
    Residual Value 25,605
    Term 36 Months
    CAP COST 37685
    Bank Fee 825
    LEASE FACTOR .00345 ?????? Seems to high
    Drive off of 1600

  • trusaleen1,

    I was offered this and I think I may be able to do better....if that's the case, then you are def. getting ripped me for more information

    -Black 335i Coupe, with Sports Package, Paddle shifters, black leather (not leatherette), heated seats, Jet black exterior. MSRP is $46,000 with options

    -$2044 total out of pocket (first month's payment and all other transfer fees)
    -$539/month (taxes rolled in)......30 months lease

  • Daniel, what numbers did you get. That sounds so much better.

    Thanks for the help
  • if you want, you can email me at I have to make my decision in the next few days. I have to send my purchase order in.
  • Ok everyone, so the dealer has now offered me the following they have not given me a payment yet. Can anyone figure out what the payment will be and if this is a fair deal for 2008 BMW 335i coupe with the only option as sport package

    MSRP: 42675
    Residiual % 60
    Miles 12,000
    Residual Value 25,605
    Term 36 Months
    CAP COST 37685
    Bank Fee 625 this is down from 825
    LEASE FACTOR .00325 this is a .0002 markup instead of .0004
    Drive off of 1600
  • That would be about $539 per month plus your state % sales tax.

    You're getting $5675 off MRSP on a 335i??? That's hard to believe. I think I'd jump on that if it's real. I also thought MF of .00175 was still available on '07's. .00325 is pretty high.

  • Tom this is on an 08 through European Delivery, thats why the rate is high but the price is cheap
  • Here is my quote from an internet sales mgr, CA dealer. I understand that the $4200 sec dep will be tied up to give me that lower MF, but this is just my quote.

    2007 335i Coupe, 6-spd manual
    36 month lease
    10,000 miles per year
    Residual 61%
    $4200.00 refundable security deposits
    .00176 (4.224%) money factor, interest rate.
    Total drive off $8578.32, includes 1st payment ($600), cap. reduction $3163.41, sales tax $245.16, license,dmv, $369.75, and security deposits of $4200.00.
    Selling price $45,700.00
    Base payment $556.84
    Monthly tax $43.16
    Total monthly payment $600.00.

    Well, one thing was missing here. After calculating using those numbers, the Acquisition or Bank fee turned out to be $825. I think I've figured out the numbers.

    I'm using the following formula found elsewhere here on the forum (Thank you to the contributor!!).

    S = Sell price = 45,700.00
    A = Acquisition Fee = 825.00
    M = Money Factor = 0.00176 (this was lowered by my 4,200 sec deposit, or 7 x 600/mo. I think orig MF was .00200)
    N = Term = 36 months
    R = Residual = 27,877 (61% x 45,700)
    P = Monthly Lease Payment excluding tax
    P* = Monthly Lease Payment including tax
    t = Sales tax Rate = 7.75%
    Down Payment/Cap reduction: $3163.41 (to get the $600/mo incl tax)
    Annual Mileage: 10K
    Disposition Fee?: NO
    Excess Mileage Charge: 0.15 per mile
    Sales Tax: Computed on the payment streams
    Capitalized Amounts: Acquisition Fee Only

    Basic Money Factor Formula:

    Note: Selling price - Cap reduction = $42536.59 = adjusted S

    P = M(S+A+R)+(S+A-R)/N

    P = 0.00176(42536.59+825+27877)+(42536.59+825-27877)/36
    P = 555.51 (close enough to quote)

    Tax Formula:

    P* = P(1+t)
    P* = 555.51(1.0775)
    P* = 598.56 (close enough to quote)

    Looks like I'm paying MSRP for this car, to arrive at the $600/mo incl tax. Any room for negotiations, don't know but sure will try to get closer to TMV

    So, Base MSRP $40,800 plus Options ZSP + ZPP + Met Paint + Dest = $45,700 = stated Selling Price. Not good enough!

    Anyone have comments on the above, please do chime in? Is it possible to aim at $1000 over invoice in CA for the '07?

    (Sorry I had this posted in the Paid and Buying Exp. should really belong here)
  • tms0425tms0425 Posts: 13
    Does anyone have the October MF and residuals for '07 and 08 3-series yet? Tom
  • Not only is it possible to aim at $1000 over for the 07, but you should be able to do better. I got $700 over on mine, with no haggling.

    Also, your MF is not good. Each additional security deposit should lower your MF by .00007. If you're getting .00176 with 7 securities, it means you started at .00225. The base MF on that car is supposed to be .00200, which would bring your MF down to .00151. (Also, the residual on the Coupe should be 58%, not 61%; that's the sedan).

    Finally, why the Cap reduction of over $3000?
  • Perhaps it's harder now to find '07 Coupes with 6MT? But I see a few in stock w/ diff options still available.

    Latest published BMWFS rates (Sept 07):

    2007 BMW 335i Coupe
    24 Month – Residual 68% of MSRP – .00200 Base Rate
    36 Month – Residual 58% of MSRP – .00200 Base Rate

    Strange about that MF. Without sec deposits, the dealer quotes a) MF at .00215 when the acq/bank fee is $825, or b) .00230 when the acq fee is $625. I thought the base is still at .00200 and won't change until Oct 6.

    Additional cap reduction over the std $2500 was to bring the monthly (incl tax) down to $600.

    So, at this point the slicing/dicing is still based on full MSRP. Definitely will bring this down. Also sending my #'s to other dealers. Will update later.
  • Hi drgeno72. BMW Financial Services charges a $625 bank fee on every vehicle that it leases. Dealers are allowed to mark this fee up by a couple hundred dollars to add extra, hidden profit to deals.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi K.G. Is the payment quote that you were given on the used BMW that you are interested in for a lease? BMW does allow consumers to lease used vehicles. The problem is that is usually does not provide nearly as much lease support on used vehicles as it does on new vehicles. As a result, it often turns out that it is as expensive, or even less expensive to lease a brand new car than it is to lease a similar used vehicle. Make sure that you get a payment quote on a brand new 328xi before you pull the trigger on the lease of a used one.

    You can use the formula that is described in the following article to calculate vehicles' lease payments: Calculate Your Own Lease Payment.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hi Daniel. You never mentioned the selling price of the 3-Series that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of the vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hello trusaleen1. You definitely can do better than this. I don't know how good a selling price you are being given on this car, but if the bank fee and money factor that you were quoted are any indication, it isn't good.

    The dealer that you are working with is marking up BMW Financial Services' base acquisition fee by $200. You're right about the money factor. It is definitely too high. If you have not leased this car yet you're in luck. BMW just enhanced its lease program on the 2008 3-Series for the money of October. BMW FS' new 36 month buy rate lease money factor for the '08 335i Coupe is .00235. I suggest that you shop around until you find a dealer that is willing to use this money factor to calculate your lease payment. Also, make sure to find out what selling price you are being charged.

    Prices Paid: Buying & Leasing Experiences Forum
  • Hello Car Man,

    This is what I was offered. I did not negotiate a selling price. The quote is substantially lower (> $150/month) than all of the quotes I am getting from my local dealers...what do you think?...I already signed the lease and it will be delivered by 10/12...thanks!

    New 2007 335i Coupe, with Sports Package, Paddle shifters, black leather (not leatherette), heated seats, Jet black exterior. 12K miles/yr. MSRP is $46,000 with options

    -$2044 total out of pocket (first month's payment and all other transfer fees)
    -$539/month (taxes rolled in)......30 months lease (can be extended to as long as 60 w/out penalty).
  • Hi Tom. I believe that BMW's October lease program for the 2007 3-Series is the same as it was in September, but it enhanced its money factors on the 2008 3-Series. I would be happy to give you an idea of what the new program is like if you tell me exactly which model or models you are interested in.

    Prices Paid: Buying & Leasing Experiences Forum
  • tms0425tms0425 Posts: 13
    I am looking at comparing the following at 15k mi/yr. Not sure if the rates I note below are 10, 12, or 15k but I thought they were 15k:

    2007 335i Coupe (was 24m 68% .00200)
    (was 36m 58% .00200)
    2008 335i Coupe new rates ??

    2007 335i Sedan (was 24m 71% .00175)
    (was 36m 61% .00175)
    2008 335i Sedan new rates ??

    I just had a quote on in stock unit as follows.

    2007 335i Sedan, steptronic, premium, sport, cold, Sirius, paddle shifters
    MSRP = 47,370
    Selling price = 45,440
    36 months, @ 15k miles/yr.
    Residual $ = 28,866
    Residual % = 61%
    MF = .00175
    Payment $609 + 6% state sales tax
    Security deposit ??
    Document fee $199
    No cash down or trade equity
    First payment and security deposit due at signing

    Just wanted to know if those September rates would stay and equivalent for 2008 since inventory is getting slim pickings now, especially if I hold out for a 6-speed manual.

  • heg32heg32 Posts: 10
    Does anybody have the October money factors and residuals for the above car. I have a 08 328i convertible on order. I am sure it will not be here until Thanksgiving but I would like to know the current rates. thanks
  • vxdgvxdg Posts: 2
    Hi Ca_man,
    What is this new enhnaced MF for 2008 328xi and the residual for 10/12k for 36 months? Thanks a lot!
  • Car_Man,

    I was hoping you could provide me with the 36 month residual and base money factor rate for the 2008 335xi Sedan.


  • vxdgvxdg Posts: 2
    Car_man, sorry for typo in my prior reply re 328xi MF rates; I didn't specify that I am loooking for the sedan. Also, does BMW Fin have any loyalty discounts to MF in Oct. Thanks again
  • Thanks car_man I have not made the deal yet, its Euro Delivery. They are longer marking up the lease rate. They are giving me the base rate. The rate was .00275+ .0003 for the Euro Delivery.

    Where did you see the info for the new money factor, I have looked everywhere. BTW im getting the car for $1000 over european invoice
  • 36 month-lease, 2007 328i sedan, 12K miles a year

    Including tax, title, and licensing, I was quoted $365 a month. I don't know if this is a good deal or not and I'm not sure if I can haggle the purchase price. Thank you.
  • exsferexsfer Posts: 1
    I am about to negotiate leasing either a 2008 or 2007 328i sedan. Is BMW offering any dealer support for moving 2007 328s? If not, is it safe to assume I could negotiate price down to dealer invoice + $250 or so assuming dealers are trying to move the 2007s?

    Is the October BMWFS money factor on a 2007 328i sedan 0.0014 (10,000 miles 36 month)? Residuals 61%?

    Finally, is the October BMWFS money factor on a 2008 328i sedan 0.00165 (10,000 miles 36 month). Residuals 61%?

    Thanks for any help.
  • just ordered 335xi alpine white W/leather int/sport pkgW/18 inch wheels/ cold weather pkg/ manuel trans, from rallye bmw westbury n.y.

    msrp = $45,375 selling price = $43,016 36mo. 10k per yr res.64% buy back $29,200 - $3,671 down + plates total monthly payment $554. Had to put up $1000. to start my car to be build, should be ready in 6 to 8 wks when ready for pick up i will have to give remaining $2671.down
  • snoppysnoppy Posts: 3
    Hello Car-man

    I have received the following quotes from three dealers for a 2008 BMW 328i convertible

    Alpine White
    Saddle Brown/Black w/Dakota Leather Upholstery
    Light Poplar Natural Wood Trim
    Automatic Transmission
    24month lease , 15K miles per yr
    PURCHASE PRICE $46800 $46800 $46800
    MONEY FACTOR .00365 .00325 .00350
    RESIDUAL 73% 63% 73%
    DRIVE OFF BASE $1353.25 $1229.55 ----
    ADQUISITION FEE $825 $625 $825
    LEASE per MONTH 851.49+tax ---- $685+tax

    Can you tell me if these MF are way too high? and if the residual are based on the BMWFS rates.

    Thank you.
  • Hey Abraham, which dealer did you get that quote from? It looks pretty good...
  • Hi Car_Man,

    I'm sorry if this is the wrong place to be posting for the M3, but it kinda is a 3-series :)

    I have heard that BMW leases used vehicles as well. If this is true, do you know the 36-month residuals and money factors of used M3s (2005 and 2006)?

This discussion has been closed.