BMW 3-Series Lease Questions

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  • mshtpcmshtpc Member Posts: 1
    Car_Man,

    I got this lease quote from a SoCal dealer:

    MSRP 46,225
    Base Cap 42,225
    Cap redux 1,000
    Residual 56% (15k miles/yr)
    36 months
    MF 0.00142
    $1960 total drive off

    This gives a payment of $559/mo (tax rate is 7.25%).
    I think the MF is too high for the '08 335. Should this not be around 0.0009?
  • jvostjvost Member Posts: 37
    mshtpc, the current buy rate for a 2008 335i, 15K is .00085.
  • tennbergtennberg Member Posts: 45
    What is the current MF and residual for a 2009 335i sedan and coupe on a 36month/10k lease?
  • jvostjvost Member Posts: 37
    swong, it's hard to evaluate these lease deals without the MSRP. I can tell you that the Money Factor Buy Rate is .00075, so you paid a bit above that.
  • tennbergtennberg Member Posts: 45
    Also, what is the current acquisition fee for BMW? I was at my dealer today and he said it was now something like $925 or $950 (I forget to write down what number he had).
  • earth777earth777 Member Posts: 18
    Car_man, thanks for the reply. I need your help with one more thing as i am getting the runaround from BMW dealerships here in Cali.

    Here is my plan (questions below): Since the current program ends Dec 31, i plan to place an order for a European delivery and lock the rates 90 days from Dec 31. So by Mar 31, 2009, i would sign the lease and fly in April to Germany for pick up.

    Question 1) Does the above plan make sense?
    Question 2) I am being told that BMW changed the rules and can now only lock the Money factor for 90 days (west coast) but NOT the residual. Have you heard of such a change?

    Thanks!
  • ahdannaahdanna Member Posts: 52
    Thanks Car_man!
  • mls74mls74 Member Posts: 1
    Hi - new to the forum and was hoping to get some feedback on a lease deal I've been offered for a 2009 328i. Here's the info:

    MSRP 39800
    Purchase price: 37665
    money factor - .00150
    residual: 63%
    Upfront costs: 2070 (Includes acq fee of $725. excludes tax - tax is in pmt)
    Monthly pmt of 484.54

    what do you think? Good deal?
    I'd be appreciative of any advice you have!! Thanks!!
  • paowowpaowow Member Posts: 7
    My 325i lease is due on Jan 31, 09 and I am wondering if I should get a new lease (considering 2009 328i Sedan) on Dec of this year to get a better deal or wait till Jan. of next year.

    People tells me that End of the year deals are the best, but with recent struggles in economy, I wonder if BMW will come up with better deal in Jan. 09, when sales are usually low.

    Thanks in advance!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, nc_driver1. I'm always glad to help.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Thanks Peter. Here's the information that you're looking for. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 335i Coupe with 12,000 miles per year are .00200 and 61%, respectively. If you opt to have your car's security deposit (equivalent to your car's monthly payment rounded up to the nearest $50 increment) waived, the money factor will be .00015 higher.

    You can find out the exact spread between this car's MSRP and dealer invoice price by looking it up over in the New Vehicle Pricing section of Edmunds.com.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here's the information that you're looking for, tennberg. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 335i Sedan with 10,000 miles per year are .00175 and 63%, respectively.

    The numbers for an otherwise identical lease of an '09 335i Coupe are .00200 and 61%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi tennberg. BMW Financial Services recently raised its base acquisition fee to $725. The dealer that you are working with is marking that up by a couple hundred dollars.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem, earth777. I have not heard that BMW allows consumers to lock in money factors, but not residual values...but anything is possible in the current environment. BMW has been getting killed by the residual values that it has overestimated over the years. The only thing that has saved it from some of the pain is that it crams so many CPO vehicles down dealers throats.

    Locking in a money factor only makes sense if one can lock in the residual value as well because automakers often lower their money factors as the model year progresses to make up for the natural decline that vehicles' residuals experience.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    You're very welcome, ahdanna.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Welcome mls74. Let's take a look at the deal that you were quoted. I'll start with the money factor. The .00150 factor that you were quoted is right in line with BMW Financial Services' current buy rate for this model. That is a good sign because it means that this dealer is not trying to mark your car's factor up to add hidden profit to your deal, like BMW dealers often do.

    Now on to the other important number, the selling price. I don't know its exact dealer invoice price, but the car that you described probably has a spread of around $3,000 between its MSRP and invoice price. The $2,100 dealer discount that you were quoted is probably around $900 or so over invoice. This is a pretty good deal, but if you are in an area that has a number of BMW dealers and you purchase something that is in inventory I wouldn't be surprised if you were able to beat this by a couple hundred dollars.

    Again, this is a good deal but you probably will be able to beat it by a little. The question is how much work you want to put in to shaving a couple dollars per month off of your car's payment.

    Car_man
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  • gator5000egator5000e Member Posts: 90
    Car_Man, do you have the numbers for the same vehicles with 12,000 and 15,000 miles? Thanks.
  • kyfdxkyfdx Moderator Posts: 260,823
    Subtract 1% for 12K mi./yr, and 2% more (3% total) for 15K mi./yr.

    The MF will stay the same...

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  • gator5000egator5000e Member Posts: 90
    Thank you!
  • caresqcaresq Member Posts: 1
    Hi Carman and others,

    I'm looking to buy a 335 couple manual, prem, sports, and navi.....

    What are the prices you guys have seen?

    What's the MF and Residual for 2008 335 coupe, 15k miles, 3 year lease?

    Thanks in advance!
  • yachtsrusyachtsrus Member Posts: 1
    Can anyone provide me with money factor and residual for 2008 BMW 335I coupe
    for a 24 mo and 36mo lease? I have been quoted .00225 and 54% residual which doesn't appear as aggressive as I think it should be.
    Thanks!
  • nharshnharsh Member Posts: 5
    I wanted to lease a 328i 08 but dealer does not have any more. Instead dealer offered to order from factory 09 equipped with whatever I want and would charge 800 over invoice. Here are the details I was given:

    Wholesale MSRP
    2009 328I Sedan $30,730 $33,400
    Jet black
    Beige dakota leather
    Premium package 3,050 3,335
    Steptronic automatic transmission 1,260 1,325
    Comfort access system 455 500
    xenon headlights 730 800
    Ipod usb adapter 365 400
    MACO 300
    Training 180
    Destination charge 825
    Suggested price $37,895 $40,600

    I can sell you this vehicle for $38,695 plus tax, tags, and fees.

    What are the MACO and training charges? Is that something I could negotiate. Also he mentioned that it would likely take 6-8 weeks to arrive. Would I still be able to get the special lease rates being offered now or would I have to take my chances on what the market rates are at the time of delivery?

    Thanks for any help.
  • kyfdxkyfdx Moderator Posts: 260,823
    MACO is a regional advertising fee
    Training is a separate line item on all BMW invoices

    Those are both on his invoice (95% of BMW dealers pay MACO). If he is offering you $800 over invoice, then it is what it is.. You can try to negotiate lower, but not based on those two charges not being genuine.

    If you order before the end of the month, then you can lock in the rates until the end of January. Some programs have a special 90 day rate lock, but you'll have to ask the dealer. If you do order and rate lock, be sure to get the dealer to agree to change to the new program, if it's better at time of delivery.

    The nice thing about ordering? You don't pay for anything you don't want. Sometimes, that will save you more than looking for a great deal on an existing car.

    regards,
    kyfdx

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  • nharshnharsh Member Posts: 5
    Thanks for the response. Is $800 over invoice a pretty decent deal. According to the TMV report it is but I am a little hesitant since this was his first offer.
  • kyfdxkyfdx Moderator Posts: 260,823
    Looks good to me, on an '09 model.... :)

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  • earth777earth777 Member Posts: 18
    Thanks for the info. i am still trying to run down the issue about not locking the residual.
  • whazupkidswhazupkids Member Posts: 2
    I will soon be attending a charity auction where a BMW dealer has donated a 1 year lease on a 2009 335i 4 door automatic. Here's the info:

    "Enjoy a 15,000 mile, one .year lease on a 2009 BMW 335i 4 door automatic

    Leather interior

    6 – cylinder twin turbo engine

    Sports .package

    Premium package

    iPod and USB adapter, satellite .radio and Bluetooth

    MSRP – Purchase .price - $46,400"


    I'm trying to figure out what would be a decent winning bid on this one year lease, and from what I can tell the it's worth about $6,899. I arrived at this # by:

    $519 X 11 months = $5709

    $3569 Drive Off for a 36 month lease, so divide by 3 (for only 12 mo) = $1190

    $5709 + $1190 = $6899.

    I do believe the winning bid is ALL one pays; I would be shocked if the dealer tried to add other fees afterwards. So if that's correct, then a winning bid of $6500 wouldn't be much of a steal, but around $5,500 or less would be....yes??? :confuse:
  • davidt1davidt1 Member Posts: 12
    Hi Car_Man,

    I have leased my last two BMWs after working with you and have made excellent deals each time as a direct result of your fantastic help. My lease is almost up and I am in need of the MFs and residuals for both the 2008 and 2009 328CI. Please let me know what rates you have for 12K/yr, 36 months term.

    Thanks
    David T
  • dbmandbman Member Posts: 2
    Anyone have current MF and residual on a 2009 335 convertible 3 yr/ 36k lease? Ended up ordering a 2009 because I couldn't find a stick. Being told residual is 59%. Buy rate MF of .0020 but the dealership is quoting .0026 but may come down to .0024. Does that sound right? Should I be demanding .0020? New to forum and to leasing. Have learned a lot from you all. Thanks!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here's the information that you're looking for, caresq. According to the latest information that I have seen, BMW Financial Services' current buy rate lease money factor and residual value for a 2008 335i Coupe with 15,000 miles per year are .00170 and 54%, respectively.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi yachtsrus. BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2008 335i Coupe with 15,000 miles per year are .00170 and 59%, respectively. The numbers for an otherwise identical 36 month lease are .00170 and 54%. As you can see, the dealer that you are working with is attempting to mark your car's money factor up in an attempt to add hidden profit to your deal.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Welcome back, David. Here's the information that you're looking for. According to the latest information that I have seen, BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 328i Coupe with 12,000 miles per year are .00140 and 57%, respectively. The numbers for an otherwise identical lease of an '09 model are .00175 and 61%.

    If BMW makes any enhancements to its December lease program, it will likely happen when it publishes its November sales figures tomorrow afternoon. I'll keep my ear to the ground for anything new. Feel free to check back with me in a day or two for an update.

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  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Here you go, dbman. According to the latest information that I have seen, BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 335i Convertible with 12,000 miles per year are .00200 and 59%, respectively. Given how weak the market is for light vehicles, I personally would never let a dealer mark my car's money factor up right now.

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  • tennis_rustennis_rus Member Posts: 15
    Hi,

    I am looking to lease 09 328i coupe, 15k miles a year for 3 years...basic paint and leatherette and sirius radio only...

    i have been offered: negotiated price $37105, residual $23036,MF .00195

    with 3k down , dealer offers $568 ... is it a good deal? what is a good deal for this car with 3k down ?

    according to leaseguide.com it should be $444 including tax... does it seem right?

    thank you so much for your help !
  • kawakibikawakibi Member Posts: 4
    Looking to lease 2009 328i 4dr Sedan.
    Dealer said nothing has changed from Nov to Dec as far as lease rates.

    I found this for Nov on the net:
    2009 BMW 328i Sedan
    24 Month – Residual 68% of MSRP – .00150 Base Rate
    36 Month – Residual 60% of MSRP – .00150 Base Rate
    48 Month – Residual 42% of MSRP – .00285 Base Rate
    60 Month – Residual 35% of MSRP – .00285 Base Rate

    Do the above rates still hold true? The dealer wants to give me a lease with a .00175 MF for 36/mth. I think they are trying to mark up on MF. :mad:

    Also, will anything change mid month? Another dealer said rates change Dec12.

    THANKS!
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    Hi kawakibi. BMW Financial Services' November buy rate lease money factor for the 2009 328i was indeed .00150 in November. This lease program was scheduled to run through the end of the year and I have not heard about BMW making any unscheduled enhancements yet. I'll make some calls to double check that it didn't increase its support after it reported yesterday's horrible 36% drop in sales for the month of November. Please feel free to check back with me later this week and I'll let you know if anything has changed.

    Car_man
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  • Travis_YTravis_Y Member Posts: 4
    Hi Car_man,

    I am working with a dealer in Southern Cal on a 09' 328i Coupe and he is quoting a money factor of .00230 and from looking at this forum that is high. Is it supposed to be .00175 or .00150? It is a 36 month lease with 15k in miles. Thanks for any help.

    Travis
  • davidt1davidt1 Member Posts: 12
    Hi Car_man,

    I am sorry, I meant to have you look at the convertable (328CIC)12K/ 36 month. Sounds like BMW sales really crashed in Nov....any update on the rates?

    Thanks
    David T
  • goldenmeekogoldenmeeko Member Posts: 7
    host do you think its better to wait until after the new years to lease or end of December considering the drop in sales and bad economy?

    so far i got
    msrp 51,xxx
    price to lease-49,100 (1000 above invoice)
    Mf- .00200 ( first security deposit)
    residual- 60% 12/year
    down-first month and security deposit
    monthly payment- 747.xx

    should i shoot for 500 above invoice? and should i wait for maybe a money factor drop?
  • tennis_rustennis_rus Member Posts: 15
    could you please tell me if this is a good deal?

    The lease quote below is in regards to a 2009 328i Coupe with the following options:
    -STEPTRONIC Automatic Transmission
    -Satellite Radio

    Below you will find the information you requested:
    Year
    2009
    Model
    328i Coupe
    Stock #
    (Order Item)
    MSRP
    $39,045
    Months
    36
    Miles
    15,000 per year
    Payment
    $471/month + Tax
    Total Due Upfront
    $3,000

    Total Internet Savings
    $3,079
  • kawakibikawakibi Member Posts: 4
    Here is a deal I am trying to get, what do you think? Can I improve on this?
    I know they put a whopping $599 dealer fee on it, but I am getting the car basically at invoice for a 2009 with Premium/Comfort Keyless/Ipod/Intergration.

    MSRP $39,950
    Invoice $36,820
    Sale Price $36,900
    Down Payment $0.00
    Term 36/12K
    Money Factor 0.0015
    Residual % 62%
    Local Sales Tax 7%
    Deposit $400.00
    Bank Fee $625.00
    Doc Fee $135.40
    DMV Fee $197.00
    Dealer Fee $599.00

    Net Cap Cost $36,900.00
    Residual Value $24,769.00
    Total Taxes on Lease Loan $1,082.28
    Total Taxes on Down Payment $0.00

    Depreciation $336.97
    Finance $92.50
    Taxes $30.06
    Due at Signing $2,453.42
    Monthly Payment $429.48
    Monthly Payment + Tax $459.54
  • Travis_YTravis_Y Member Posts: 4
    Anyone, have pricing and money factor examples from Southern California? I was given a money factor of .00230 on a 2009 328i Coupe and from this board it seems that is high.

    2009 BMW 328i Coupe
    24 Month – Residual 64% of MSRP – .00175 Base Rate
    36 Month – Residual 59% of MSRP – .00175 Base Rate
    48 Month – Residual 40% of MSRP – .00285 Base Rate
    60 Month – Residual 33% of MSRP – .00285 Base Rate

    How do you tell the sales person hey I know the BMWFS base rates are .00175 and at .00230 you guys are loading up the profit. Should I ask for .00175 or is that unreasonable and if so what is reasonable? Also, they gave me a price $500 off invoice.
  • vish_dcvish_dc Member Posts: 16
    Hosts,

    I am looking at leasing a 2009 328i or 335i Sedan and am being quoted the following MF's and residuals:

    328i - MF - 0.0019 / Residual - 60%
    335i - MF - 0.00215 / Residual - 60%

    Some of the recent posts indicate that the MF should be lower? Could you please verify.

    Also I am currently being quoted a price of $41,400 on a 328i sedan (MSRP $44345, Invoice $40820). What do you think of this price?

    I am located in the DC metro area.

    Thanks.
  • vish_dcvish_dc Member Posts: 16
    To add on to my previous post, I am planning on paying the security deposit (which I believe lowers the money factor). Could you please provide the appropriate MF's with this in mind.

    Thanks.
  • tennis_rustennis_rus Member Posts: 15
    I am new to leasing but i can not get any advice here, no host replies...
    Please let me know if if this seems like a good lease deal:
    328 i coupe , 09

    MSRP 39045, MF .00175 residual 59 %, (dealer fees at inception $1300, $1700 cap cost reduction), total down $3000

    offered payment $477 + tax in MD
  • theatmospheretheatmosphere Member Posts: 1
    Thanks to everyone else for sharing their quotes. I wanted to share mine, since you have all been a help to me.

    2009 335xi sedan: Premium, Cold, Auto, Comfort Access, Nav, Sat Radio, PDC, Rubber Mats, Montego Blue

    Lease: 36 months, 10k/yr
    Money Factor: .00175
    Residual: 63%
    MSRP: $52,335
    Invoice on Edmunds: $48,085
    Dealer claimed invoice price: $48,600
    TMV: $51,426
    Cap Cost: $48,950
    Cap Cost Reduction: $0

    Bank Fee: $725
    NYS tire recycling fee: $12.50
    Tax on fees: $53.47
    First month: $588.70
    Sales Tax: $1,563
    Registration and Inspection: $55

    Totals: $2,997.67 up front
    $588.70 monthly
  • BD87BD87 Member Posts: 2
    Hello. Can someone give me some insight for this current lease offer that I have received:

    This is for a 2008 328xi it was used as a dealer loaner and has approx. 6K miles. the lease term is 36 months, 15K per year

    monaco blue/tan leather
    premium package
    cold weather
    steptronic auto
    ipod

    MSRP: 41,325
    Dealer invoice: 38485 (based on wholesale)
    Offered sale price - 35,325

    money factor - .00130
    residual - 56%

    due at signing: 1500
    monthly payment - 489 (including 7% sales tax)

    i have not yet received the details on any additional charges, i know the destination was quoted at 775 though.

    please let me know your thoughts. thanks in advance
  • ragtops01ragtops01 Member Posts: 1
    Great forum here, guys... Thanks for your input....
    I got a quote on a 2009 BMW 335i sedan with auto trans, premium package with the following details:

    MSRP of 45,450.00
    Cap. cost: 42268.50 (7 % discount)
    residual : 60%
    money factor: .00215
    36 month, 15,0000 miles/
    acquisition fee: 525.
    dealer fee 599.
    Zero money down
    First month payment and tag transfer fee due upfront $873.

    Lease payment quoted $611 plus sales tax

    Question #1.... Is this the best money factor available?

    Question #2.... Is this calculated properly or have they hidden some BS charges into the lease?
    I checked a leasing calculator at http://www.leaseguide.com/calc.htm and the numbers don't jive to me....

    I appreciate the feedback, as I will do a deal tomorrow with someone....
  • tennis_rustennis_rus Member Posts: 15
    with only 1500 down and tax included , i think it;s a pretty good deal.......if the car is used you could prolly get him down 20-30 $ more
  • tennis_rustennis_rus Member Posts: 15
    after about two weeks negotiating with different dealers:

    I am getting .00175 MF on the 328 09 coupe

    MSRP $ 39045 with auto and sirius

    monthly payment about $450-460 a month plus tax with 3k down

    the do not wanna give me negotiated price via email , they want me to come in?

    should I still agree on the deal and order the car if $450 + tax if it sounds good to me!?
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