it's really not a good idea to make large down payments on leased vehicles. Consumers who do so risk losing part or all of the money that they put down if their vehicle is totaled in an accident or stolen and never recovered.
I never understood this, either, because the usual "smart money" people will tell you to put as much down on a new car as possible when financing or pay for the whole thing in cash .... yet the same problem exists where you are risking losing some of that if the vehicle is totalled early in its life. So it is contradictory as far as I can see.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
On a purchase, you are correct... you will lose the same amount, no matter what.... you owe the balance, no matter what the car is worth.. big downpayment, small downpayment.... doesn't matter..
But, most manufacturer-sponsored leases include GAP insurance... You don't have to take that risk...
Guys I really need your help here. Im looking to do a short term lease on a bmw 3 series.
Option 1 is to take over a family members lease: 2011 bmw 328i sedan nothing down, just take over payments of 409 a month with tax for 22 months.. 24k miles remain.
Option 2 is to take out a new 24 month lease: 2011 bmw 328i coupe with premium and navigation and bmw apps sticker = 43250.00 invoice = I dont know but Im guessing 39500.00 10k miles per year. (20k total)
2300 due at sign 510 a month with tax
Can anyone post the new Residual % and MF for a 2011 328i Coupe 24 month 10k miles For the month of September please? thanks!
Im confused as to which to get. Any thoughts ideas or comments? Thanks!
well, yes, maybe. I just find it contradictory one way or the other.
Its like any other type of insurance or warranty, I guess. If you put big money down, you are betting the car won't be a loss in the first 2-3 years of ownership. If you put little-to-nothing down and get gap insurance, you are betting it will.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
That's true... I don't insure with GAP on my purchases.. most dealer-offered plans are over-priced, and I've just never looked into it, elsewhere.. (plus, paid cash for my last one).
But, with a GAP-included lease, I don't see the point in not taking advantage of the free insurance...
Plus, I don't like fooling myself into thinking that my monthly cost is any less than it really is... When you see how much money you save over the life of a lease by putting a few thousand down... well, I'd just rather keep the money in the bank...
Your offer from the dealer is not too bad, they won't give up everything but you're close. I would put down a little less money than two thousand, try $1000 down which would cover your fees but other than that the numbers aren't bad.
If my sales tax is 9.5% here what does a good lease payment look like for 36 months/15k miles a year? What is the money factor for a 328xi w/ 12k miles and 15k miles?
Welcome cook49er. I'm glad that you like this forum. It's difficult for me to evaluate this deal without knowing what this car's MSRP and selling price. Let me know what these numbers are and I'll gladly give you my opinion of this deal. If the dealer didn't tell you what they are, you can always look the MSRP and dealer invoice price of this car up over in the New Vehicle Pricing section of Edmunds.com.
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Here's the information that you're looking for. BMW Financial Services' buy rate lease money factor and residual value for a 24 month lease of a 2011 335i Sedan with 12,000 miles per year are .00190 and 67%, respectively for consumers who qualify for its top credit tiers.
The numbers for an otherwise identical 36 month lease are .00190 and 62%.
If you were to lease with only 10,000 miles per year, this car's residual values would be 1% higher.
Unfortunately, one cannot combine the $1,000 loyalty cash and the .00030 money factor reduction. You can either have one or the other. Both are compatible with the $750.
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Hi pitbull666. BMW Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a 2011 335i Sedan with 15,000 miles per year are .00190 and 60%, respectively for consumers who qualify for its top credit tier.
The money factor for loyal customers is .00030 lower.
I think that this program is basically the same as it was last month.
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Hi shot17. BMW Financial Services' September buy rate lease money factor and residual value for a 24-month lease of a 2011 335xi with 15,000 miles per year are .00185 and 64%, respectively for consumers who qualify for its top credit tier.
The money factor for loyal customers is .00030 lower.
The free AWD and $750 cash incentive are indeed still available.
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Here you go Watermap. BMW Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a 2011 328i xDrive with 10,000 miles per year are .00185 and 64%, respectively for consumers who qualify for its top credit tiers.
The money factor for an otherwise identical lease to a loyal customer would be .00030 lower.
I believe that this lease program is exactly the same as last month and it is scheduled to run through October 31st.
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Hi huzefa2025. BMW is currently providing a $750 cash incentive on leases of this car.
BMW FS' current buy rate lease money factor and residual value for a 36 month lease of a 2011 328i xDrive with 12,000 miles per year are .00185 and 63%, respectively for consumers who qualify for its top credit tiers.
This car's money factor is .00030 lower for loyal customers.
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Hi as1016. BMW Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a 2011 328xi with 15,000 miles per year are .00185 and 61%, respectively for consumers who qualify for its top credit tiers.
The residual value for a lease with only 12,000 miles per year would be 2% higher.
The money factor would be .00030 lower for loyal customers.
If you provide me with an MSRP and approximate selling price, or at least an MSRP and dealer invoice price, for the exact car that you are interested in I would be happy to work up a payment on it for you. You can find that data over in the New Vehicle Pricing section of Edmunds.com.
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Hi Car_Man, Thanks for your time. Here is the deal I currently worked up with the dealer. It seems high to me but I don't know where I can trim the payment. 2011 328xi - Alpine White 15kmiles/36 months Premium Package Value Package Heated Steering Wheel Fold Down Rear Seats Xenon headlights Navigation System Satellite Radio (1 year) - MSRP 44,140 Initial Cap Cost: 41,300 Money Factor: .00230 Lease End Value: 26,925.40 (61%) Amount Due at Signing: 2654.95 ($1500 Downpayment + fees) Base Monthly Rental: 516.35 Sales Tax: 2042.10 Total Monthly Payment: 566.95
I am currently leasing a BMW too. He mentioned I had the 1000 loyalty cash I can use towards fees. He also said that he included the $750 but was vague where that factored in. Thanks again for taking a look at this.
Even though it is a Demo you are leasing a used car. I just leased a Demo in April. You are able to take advantage of BMW lease rates & promos like it is a new car but since it has been titled already it is considered a used car. If you bought a used car from a private seller you are buying the remainder of the new car warranty just like your deal here. You need to research used car values for the car to find out if you are getting a good deal. The dealership probably wants too much money for the car. You need to have them reduce the price and then the lease terms will be better.
Car_man thanks to you and this forum i was able to successfully negotiate a no money down lease with the .00185 money factor. The salesman was insisting i was wrong and gave me a 1% higher rate. I stood my ground based on your info and he finally relented.
You're welcome as1016. The money factor that you were quoted is definitely too high. BMW Financial Services' current buy rate lease money factor is .00185 for consumers who qualify for its top credit tier.
The selling price that you were quoted looks great...if the dealer is going to subtract the $750 cash incentive from it. If the $750 is already included then it's just OK.
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No problem cook49er. I'd say that a selling price of $40,250 or better would be ideal for this car, given the $750 cash incentive that is currently available on it.
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That's fantastic, watermap. Thanks for stopping back and letting us all know how everything turned out. Nice job at standing firm. Enjoy your new ride :shades: .
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You certainly may, geo1317. BMW Financial Services' September buy rate lease money factor and residual value for a 24 month lease of a 2011 328i Sedan with 10,000 miles per year are .00190 and 71%, respectively for consumers who qualify for its top credit tiers.
The money factor for loyal customers is .00030 lower.
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Thanks car_man for the feedback. I got a revised deal. Let me know what you think about this one and if/where I can trim the monthly.
2011 328 xdrive sedan alpine white/black dakota leather Value Package Premium Package Convenience package Xenon, Alarm, BMW Assist, heated seats, parking distance control
MSRP- 43,225 Initial Cap Cost - 40615 Total cap Reduction- 750 Total Add cap cost - 925 Lease End Value- 26,367 Documentary Fee- 150 Adj. Cap Cost- 40,790 Money Factor- .00195 (Loyalty) Down Payment (drive off including first month)- 1000 Rebate - (750) Base Monthly Rental - 531.58 Monthly Tax (9.8) - 52.09 Total Monthly - 583.67 36 months/15k miles
It's difficult for someone to tell without knowing the selling price of the car and how much of that $2500 is a cap. reduction. The money factor for September on that lease should be 0.00185 and the residual 61%.
Not a good deal. Read what everyone else is paying for on hear. You can lease a new car for that much. Did check to see how much that car is brand new with zero miles?
What is the best lease deal I should expect on a 2011 328i MSRP 46000. Is invoice price good enough or should I insist on more? What is the approximate invoice on this price? Thanks.
Hi boco063. BMW Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a 2011 335d with 12,000 miles per year are .00175 and 57%, respectively for consumers who qualify for its top credit tiers.
This car's money factor is reduced to .00145 for loyal customers.
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Nice cars richz. Here's the information that you're looking for. BMW Financial Services' September buy rate lease money factor and residual value for a 36 month lease of a 2011 M3 Convertible with 15,000 miles per year are .00090 and 58%, respectively for consumers who qualify for its top credit tiers.
The numbers for an otherwise identical lease of an '11 M3 Coupe are .00175 and 59%.
These cars money factors would be .00030 lower for loyal customers.
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Hi rrt1. You can look up the dealer invoice price of the exact vehicle that you are interested in exactly as you want it equipped over in the New Vehicle Pricing section of Edmunds.com.
When negotiating your deal on this car, make sure to take the $750 cash incentive that is currently available on leases of it into account.
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Looking to lease a 2011 335ix. I'm a current BMW lessee. Dealer is offering the below: MSRP $55,725 purch price $50,642 money factor .00175 36/mo 12K miles monthly payment $745 which includes 8% IL sales tax or $616 if I pay sales tax upfront. The residual is 60% of MSRP The purchase prices include $1000 loyalty cash and $1840 option credit and $750 lease cash.
I'm about to lease a new 2011 328i. Can anyone please let me know if this is a good deal ASAP.
Space Gray, Black Dakota Leather, Value Package Premium Package Sport Package Nav System Satelite Radio (dealer installation) Xenon Headlights 36 months, 10k/ year
I was looking to lease a 335i convertible in San Diego CA. I was using the lease calculator on edmunds. The monthly payment that I was getting on Edmunds seems a lot higher than what the dealer offered ($615 + tax) just via an email response (no haggling). Trying to figure out if I am plugging in the right numbers:
Car 335i (metallic paint, no options) Sales price $50,265 Title and reg $753 Residual value $31,667 (63% of $50265) Money factor .00190 Miles driven 10,000 Acquisition fee 0
There are no more 2011 328i wagons out there so we are looking at ordering a 2012. Apparently the 2012 wagon will not have the body style update like the 2012 sedan.
What are the residual and money factor for a 15K/year 36-month lease for a 2012 328i wagon (not the 328iX)?
Hi kball2. BMW Financial Services' September buy rate lease money factor and residual value for a 36-month lease of a 2011 335d with 10,000 miles per year are .00175 and 58%, respectively for consumers who qualify for its top credit tiers.
The money factor is .00030 lower for loyal customers.
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Comments
I never understood this, either, because the usual "smart money" people will tell you to put as much down on a new car as possible when financing or pay for the whole thing in cash .... yet the same problem exists where you are risking losing some of that if the vehicle is totalled early in its life. So it is contradictory as far as I can see.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
But, most manufacturer-sponsored leases include GAP insurance... You don't have to take that risk...
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Im looking to do a short term lease on a bmw 3 series.
Option 1 is to take over a family members lease:
2011 bmw 328i sedan
nothing down, just take over payments of 409 a month with tax for 22 months..
24k miles remain.
Option 2 is to take out a new 24 month lease:
2011 bmw 328i coupe with premium and navigation and bmw apps
sticker = 43250.00
invoice = I dont know but Im guessing 39500.00
10k miles per year. (20k total)
2300 due at sign
510 a month with tax
Can anyone post the new Residual % and MF for a 2011 328i Coupe 24 month 10k miles For the month of September please? thanks!
Im confused as to which to get. Any thoughts ideas or comments? Thanks!
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
$8998 for 24k miles and 22 months
vs
$14,540 for 20k miles and 24 months.
Is there really a debate here? Save the 50%!!
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
Maybe, that's the part that is wrong?
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Or, lease a Z4 instead.... Even though the MSRP is 30% higher than the 3-series, the monthly payment will be less...
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Its like any other type of insurance or warranty, I guess. If you put big money down, you are betting the car won't be a loss in the first 2-3 years of ownership. If you put little-to-nothing down and get gap insurance, you are betting it will.
'11 GMC Sierra 1500; '98 Alfa 156 2.0TS; '08 Maser QP; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '11 Mini Cooper S
But, with a GAP-included lease, I don't see the point in not taking advantage of the free insurance...
Plus, I don't like fooling myself into thinking that my monthly cost is any less than it really is... When you see how much money you save over the life of a lease by putting a few thousand down... well, I'd just rather keep the money in the bank...
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Car_man
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The numbers for an otherwise identical 36 month lease are .00190 and 62%.
If you were to lease with only 10,000 miles per year, this car's residual values would be 1% higher.
Unfortunately, one cannot combine the $1,000 loyalty cash and the .00030 money factor reduction. You can either have one or the other. Both are compatible with the $750.
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The money factor for loyal customers is .00030 lower.
I think that this program is basically the same as it was last month.
Car_man
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The money factor for loyal customers is .00030 lower.
The free AWD and $750 cash incentive are indeed still available.
Car_man
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The money factor for an otherwise identical lease to a loyal customer would be .00030 lower.
I believe that this lease program is exactly the same as last month and it is scheduled to run through October 31st.
Car_man
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BMW FS' current buy rate lease money factor and residual value for a 36 month lease of a 2011 328i xDrive with 12,000 miles per year are .00185 and 63%, respectively for consumers who qualify for its top credit tiers.
This car's money factor is .00030 lower for loyal customers.
Car_man
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The residual value for a lease with only 12,000 miles per year would be 2% higher.
The money factor would be .00030 lower for loyal customers.
If you provide me with an MSRP and approximate selling price, or at least an MSRP and dealer invoice price, for the exact car that you are interested in I would be happy to work up a payment on it for you. You can find that data over in the New Vehicle Pricing section of Edmunds.com.
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Thanks for your time. Here is the deal I currently worked up with the dealer. It seems high to me but I don't know where I can trim the payment.
2011 328xi - Alpine White 15kmiles/36 months
Premium Package
Value Package
Heated Steering Wheel
Fold Down Rear Seats
Xenon headlights
Navigation System
Satellite Radio (1 year) - MSRP 44,140
Initial Cap Cost: 41,300
Money Factor: .00230
Lease End Value: 26,925.40 (61%)
Amount Due at Signing: 2654.95 ($1500 Downpayment + fees)
Base Monthly Rental: 516.35
Sales Tax: 2042.10
Total Monthly Payment: 566.95
I am currently leasing a BMW too. He mentioned I had the 1000 loyalty cash I can use towards fees. He also said that he included the $750 but was vague where that factored in. Thanks again for taking a look at this.
Went to dealer in NJ to drive 2011 328/335 conv...
Noticed a deal on a 2011 550 with 15,000 miles that served as a demo.
Drove the car and fell in love!
The 4 year 50,000 mile warranty is reduced by the existing mileage!
Meaning that this new demo to me is 4 year/ 35,0000 miles!!
The reduced monthly payments ($650/36 mth, 3500 dp)
doesn't really reflect significant savings given short warranty coverage .
Anyone have similar experience??
( I do love this car...smh)
The MSRP is approximately $42,200
I think the Invoice was for $40,000
X drive
Navigation
Premium Package
Value Package
Heated steering wheel
Moonroof
Blue tooth and BMW assist
Thank You
The selling price that you were quoted looks great...if the dealer is going to subtract the $750 cash incentive from it. If the $750 is already included then it's just OK.
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The money factor for loyal customers is .00030 lower.
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2011 328 xdrive sedan
alpine white/black dakota leather
Value Package
Premium Package
Convenience package
Xenon, Alarm, BMW Assist, heated seats, parking distance control
MSRP- 43,225
Initial Cap Cost - 40615
Total cap Reduction- 750
Total Add cap cost - 925
Lease End Value- 26,367
Documentary Fee- 150
Adj. Cap Cost- 40,790
Money Factor- .00195 (Loyalty)
Down Payment (drive off including first month)- 1000
Rebate - (750)
Base Monthly Rental - 531.58
Monthly Tax (9.8) - 52.09
Total Monthly - 583.67
36 months/15k miles
Thanks for your feedback!
2011 328xi - Jet Black w/Black Dakota Leather Interior
Value Package
Premium Package
!7" V-Spoke Wheels
Moonroof
ipod/usb
Power Memory Seats
Heated Seats
Split/Fold Rear Seat
BMW Assist
MSRP = $40,790
36mo, 12k miles/year
$2,500 total out of pocket
$435/mo after tax
They said this was their best offer... What do you think?
The money factor for September on that lease should be 0.00185 and the residual 61%.
I'm looking for sept '11 money factor/residual for a 36 month 12k/year lease on a 2011 335d.
Thanks,
B.
MSRP 44675.00
13,800 MILES
36 Month Lease 1500 miles/YR
550.00/month No money down.
Is this a good deal, or should I just buy a new one? This has a lot of options that I probably couldnt afford new.
Thanks for any and all tips.
Thanks.
This car's money factor is reduced to .00145 for loyal customers.
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The numbers for an otherwise identical lease of an '11 M3 Coupe are .00175 and 59%.
These cars money factors would be .00030 lower for loyal customers.
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When negotiating your deal on this car, make sure to take the $750 cash incentive that is currently available on leases of it into account.
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MSRP $55,725
purch price $50,642
money factor .00175
36/mo 12K miles
monthly payment $745 which includes 8% IL sales tax or $616 if I pay sales tax upfront.
The residual is 60% of MSRP
The purchase prices include $1000 loyalty cash and $1840 option credit and $750 lease cash.
What do you think?
What are the rates (residual % & money factor) on the 335d for 36 months, 10k miles per year.
I am seeing the following incentives on 2011 BMW 335d: 3,500 Eco credit, $1,000 loyalty, and $750 dealer cash - can you confirm that this is correct.
Space Gray, Black Dakota Leather,
Value Package
Premium Package
Sport Package
Nav System
Satelite Radio (dealer installation)
Xenon Headlights
36 months, 10k/ year
Invoice Price: 40-41k
Down: $2500
Monthly: 470/mo (including tax)
I was looking to lease a 335i convertible in San Diego CA. I was using the lease calculator on edmunds. The monthly payment that I was getting on Edmunds seems a lot higher than what the dealer offered ($615 + tax) just via an email response (no haggling). Trying to figure out if I am plugging in the right numbers:
Car 335i (metallic paint, no options)
Sales price $50,265
Title and reg $753
Residual value $31,667 (63% of $50265)
Money factor .00190
Miles driven 10,000
Acquisition fee 0
Edmunds monthly payment $748 (includes tax)
Thanks.
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What are the residual and money factor for a 15K/year 36-month lease for a 2012 328i wagon (not the 328iX)?
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The money factor is .00030 lower for loyal customers.
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