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BMW 3-Series Lease Questions
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2009 BMW328xi
Prem package, Sport Package, steptronic, xenon headlights, HD Radio, Logic7 sound... basically every option possible.
24 months / 15k miles per year
MSRP: 49,395
Sale price: 41,170.94
MF: 0.00225
LEV: 57.63% (lower value, he says because it has mileage on it. this seems fishy?)
Deposit: 700
MV fee: 309.80
Doc Fee: 269
Acq fee: 725
sales tax: 1223.62 (7% where I live)
Upfront: $2,702.79
Monthly: $698.99
The dealer is calling my cell phone non stop since I walked out so I may get a chance to negotiate more. How does the deal look so far?
What do you think of the deal. 2009 328xi with a msrp of $40695 with a cap cost of $36290 after my $2500 deposit. I'm looking at $401 month for 36 months and 10K miles a year. Does this sound like a good deal. It includes NJ tax as well.
Thanks in advance.
I've been offered the following for lease deals for 128i coupe. What do ou think? Should i be looking at the 3 series alternatively based on current lease deals and support? Thanks!
Term: 24 months
Lease $299/tax/month
Miles: 20,000.
Price: $29,575
MSRP: $32,850
Money Factor 2.0
Residual .68
Options: Steptronic automatic transmission, moonroof, chrome-line exterior trim, rain sensor and auto headlight, cruise control, BMW assist with Bluetooth, multi-function steering wheel, hi-fi sound system and more.
Term: 36 months
Miles: 30,000
Lease: $359/month +tax
Price: $38,950
MSRP: $42,900
Money Factor 2.2
Residual .62
Options: premium package, sport package, steptronic automatic transmission, rain sensor and auto headlight, adaptive light control, cruise control, hi-fi sound system, multi-function steering wheel, xenon headlights, sport steering wheel with paddles
Term: 36 months
Miles: 30,000
Lease:$370/mo +tax
Price: $40,575
MSRP: $41,650
Money Factor 1.5
Residual .61
Options: Steptronic automatic transmission, dynamic cruise control, hi-fi sound system, sport steering wheel with paddles, multi-function steering wheel, moonroof, heated front seats, ambiance lighting, iPod and USB adapter
Question 2: is this a good deal?
Ah...I am in Southern California.
The answer to question #1 is easy to figure out. Figure out your payments on the cap cost of the car after you subtract the total amount of MSDS ($4550 possible) and figure out the payments without the MSDS. Whatever that difference is multiply it by the lease term and see what savings you have. Then compare that savings percentage to what you could get if you took the same money an invested it in some other fashion (stocks, bonds, etc). Chances are you're going to get 10% or better return on the MSDS' when they lower your payment over the term of the lease..... good luck getting that anywhere else in today's economy. It's absolutely a good deal if you have the cash to spare. Plus you get it all back.... it's the gift that keeps on giving. After you use it to reduce your payments and make 10% you can take the same $4550+10% and put it into your next lease of a 750Li.
Read the folllowing thread on MSDS: http://www.bimmerfest.com/forums/showthread.php?t=134206
You were quoted a selling price of $36,290 on a 2009 328xi that has an MSRP of $40,695. That's a $4,400 discount.
This car probably has a spread of around $3,250 between its full MSRP and its dealer invoice price. Add to that the $1,000 cash incentive that is available on this car (it's two grand on the West Coast) and you have a total of $4,250 to play with in most of the country and $5,250 in the West. That means that this is a killer deal if you live in most of the U.S. and still a pretty good deal if you're on the left coast.
Car_man
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BMW is currently providing between $1,000 and $2,500 in cash incentives on leases off this car through BMW FS. The exact amount varies by region. I would be happy to give you an idea of what the exact cash allowance is in your neck of the woods if you tell me what state you are in.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I'm in Los Angeles and just got a lease disclosure sheet for a 2009 328xi for 3 years and 36,000 miles and wanted to run some of this by you. I don't have much of a clue when it comes to these things. I've read some other comments here and would appreciate your insight. It seems to me to be on the high side. Now that I've read up on things, putting down $5000.00 doesn't sound like the right way to go. And given that others here are getting $401.00 a month with $2500.00 down...it seems to me that I might be getting hosed....Here's what I'm looking at:
Lease Disclosure
Price: 39,000
Cap Reduction: 3,410.33
Net trade: .00
Additional Charges: 1,175
Cap Cost: 34,414.67
Residual 60% 25,080.00
Factor .0023500
Additional Charges (Capitalized)
Acquisition Fee 825.00
Rebate -2,0000.00
Base Payment 399.11
Sales Tax 38.91
Property .00
Cap Reduction 3,410.33
Security Deposit .00
Cap Reduct Tax 527.51
Other Taxes 4.39
Additional Charges 619.75
Cash Required 5000.00
Cash Received 5000.00
36 Payments of 438.02
Additional Charges (Inception)
Document Fee 45.00
License Fee 450.00
Tire Tax 8.75
Elec. Filing Fee 29.00
Registration Fee 77.00 +
Any thoughts?
Thanks in advance,
Westportquay
1. Are 2009 335i sedans,coupes,convertibles or a M3 Coupe selling below invoice or at invoice?
2. What is BMW's current rate/money factor and residual values?
3. Is the lease cash offer from BMW $1,000.00 or $2,500.00?
Lease: 36 Months 10K Miles a year
Is the 2009 328i Sedan lease for $329 still valid? I see a banner on socalbmw.com but when i clicked on it is listed for $349 instead, also it seems like the $2000/$2500 lease cash incentive for 328i/335i is down to $1000 now according to the website, is the free automatic transmission upgrade offer gone as well for So Cal customers? What is the current money factor and residual for 2009 328i sedan? Should I wait until Nov to see if they will bring the original deal back?
Thanks a million!
want to pick up and lease a remaining 09 bmw. looked all around (leasecompare, bimmerfest) can you please provide rates for 2009 models?
I am looking for
2009 335i convertible
2009 z4 35i
and any incentives if you have access to that!
Thanks in advance for all the helpful insight!
36 payments a month at 438.02 after an initial down payment of $5000.00 seems excessive to me. Any insight would be appreciated.
Thanks in advance.
Dan
335 X Drive Coupe
Term: 36 Months
Mileage: 15K / Year
MSRP: $52,895
Invoice: $48,700
BMW rebate: $2,500 (I know for sure this was applied)
Cap Cost: None (Put down 1st month, security and bank fee only..Total $2,200)
Monthly Payment: $625 (Including Nassau County tax of 8.75%)
I'm going to call the Sales guy and find out the residual, MF and sales price that was used but again I would appreciate some insight on the numbers above. Thank you!
My BMW 06 330i lease is coming to an end this Oct. 26. I want to know if I will be able to negotiate a lower price than the residual value of $28,300 that BMW FS wants.
I currently pay $500.15 monthly and it was a 36 month lease.
I have gone over miles.
I have contacted my original dealer and they said the BMW FS told them that they will not budge on the residual value. Not sure if I should believe this or not.
I have talk to other folks and they have said to wait a couple of days before the lease ends and BMW will be reaching out to you to see if your going to purchase the car or not.
What I want to know is how I can negotiate with them so they can bring the price down? I have noticed my same car for sale with other dealers going from $18k to $24k in price.
Should I contact another dealer and see if they can get me a better price???
BTW- when I first started the contract, I put down $3,000.
Need some help on this soon. Thanks.
Ivnd
Looked through the posts and haven't seen recent lease MF and Resid information for a 2009 328i Coupe 36 mo/10K. Can you please provide this information? Also will the MF be different for a returning BMWFS customer?
I see there is $2K lease cash on the 328i coupe now. Would there be additional loyalty cash? Turning in an '06 330i sedan by next weekend.
Thanks,
J
MSRP: 41,150
Cap Cost: 38,000
Term: 36 months
MF: .00250
Resid: .59
Miles: 15,000
Monthly Payment: 525.14
Car_man
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I see that this car's MSRP is $39,000 but I'm not sure what its selling price is. This is an important number to know because the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. I see this car's capitalized cost mentioned...but I assume that it is after the deduction of the down payment that you are being asked to make.
The best way to negotiate a good deal on this car would be to look up its dealer invoice price over in the New Vehicle Pricing section of Edmunds.com. Then subtract the $2,000 cash incentive from that and add a few hundred dollars back for the dealer.
Once you have arrived at a selling price that you are happy with, have the dealer calculate your monthly payment using BMW FS' buy rate lease money factor of .00225.
Car_man
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Car_man
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The numbers for 36 month, 15k leases of the '09 M3 Sedan, Coupe, and Convertible would all have a money factor of .00280, but their residual values would be 49%, 50%, and 47%, respectively.
The residual values for leases with 10,000 miles per year would be 3% higher.
These cars' cash incentives vary from $1,000 to $2,500 by region, though there is no cash on the M3. If you tell me what state you are in I should be able to give you an idea of what the specific allowances are in your neck of the woods.
As far as how much you should pay for these cars goes, try stopping by the "BMW 3-Series Prices Paid and Buying Experience" discussion for feedback on that topic.
Car_man
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Ok...here's where I am on this thing. I'm being told that the money factor is .00255 which still seems a little high. Maybe it's because I'm not a returning BMW customer. I'm now putting down $2500.00. 59% residual. I'm being told that payments will be $459.00. They are throwing in the floor mats.
MSRP at $38,850.00
Edmunds lists the invoice price as being $36,000.00. It lists TMV as $33,096.00.
MSRP $38,850.00
$36,380.000 wholesale - 1250 dealer rebate = $35,120.00.
Total Cap Cost Reduction = $2230.26
Net cap cost is $32,856.15
What do you think?
Thanks again.
Car_man
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BMW Financial Services' current buy rate lease money factor and residual value for a 30 month lease of a 2009 Z4 35i with 15,000 miles per year are .00090 and 63%.
You never mentioned how long you want to lease for or what mileage allowance you need so I had to make some assumptions. Let me know if you want something different.
BMW is currently providing a $2,500 cash incentive on leases of the 2009 335i Convertible and $3,000 on leases of the 2009 Z4.
Car_man
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It's difficult to say whether BMW Financial Services will be willing to negotiate your car's purchase option price. More often than not banks won't, but it wouldn't hurt to place a call directly to them to see if they would be willing to work with you. If your initial contact at the bank isn't willing to do so, you can always work your way up the ladder to a manager to see if you get any better results.
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
This money factor is the same for returning BMW FS customers, but the security deposit will be waived at no additional charge for returning lessees.
The $2,000 cash incentive is all that is available on leases of this car for both returning or non-returning customers.
Car_man
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The car that you described probably has a spread of around $3,250 between its full MSRP and its dealer invoice price. Add to this the $1,000 cash incentive that is currently available on leases of it and you have a total of around $4,250 to play with in your negotiations. That puts the capitalized cost that you mentioned at around $1,100 over dealer invoice. That's not a bad deal, but if there is a decent level of competition in your area you may be able to beat it by a couple hundred dollars by shopping around.
Car_man
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Car_man
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Thanks.
I am a returning BMWFS customer, so i would think my rate would be better than this...any thoughts?
List Price: $37,645
Offered Price: $32,700
36 month/12k year
$425/month
Residual: 59%
Money Factor: .002200
$3,150 due at signing (Tax $1,400; Title and Reg $360; Processing (Junk) fee $239; $725 Bank Fee and First month payment of $425)
The offer of $32,700 seems high (all incentives included). Can someone tell me if this is a good deal?
Thank you.
what in the current money factor, residual value and factory rebates for 2009 328i for a lease 15K miles for 36 miles.
Thank you kindly,
Martina
jet black color, auto trans, prem. pkg, sports pkg, navi, ipod.
MSRP : 43,750
36month.
10,000 mi/year
drive off: $2500
monthy payment: $496 (CA tax included)
did I get a decent deal?
This is the deal I am getting on a 2009 328i Coupe on a lease!
Automatic Transmission
Metallic Paint
Ipod/USB
Destination
MSRP 39,600
Invoice 36,530
Offered: 35,706.50 (500 over invoice minus 2000 lease rebate...see below)
36 Month/10K Money Factor: .00150
Residual: 61%
Offered to me for $37,706.50 - $2000 Lease incentive on 328i Coupe = $35,706.50. Told this number is $500 over invoice including $400 for MACO, $164 for preparations and detailing and $112.50 for floor mats!
Is that a good deal okay deal or great deal???
Also, can someone please tell me the Money Factor and Residual at 36 months/10K miles for a 335i Coupe and 335i sedan?
Any help is greatly appreciated!
Thanks in advance
Amen. I wonder the same thing every time I see such posts, and they are legion.
Could someone advise me the pro's and con's of leasing a CPO car? It's on the BMW's website but I when spoke to several BMW dealers they all advised me against it without giving me any concrete reasons. I assume it be a better option considering the car has already taken a large depreciation hit in the first couple of years. How is the residual value calculated? Thanks!