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BMW 3-Series Lease Questions
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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; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '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; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '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; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '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; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '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.
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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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Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
The money factor for loyal customers is .00030 lower.
Car_man
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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.
Car_man
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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.
Car_man
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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)?
Car_man
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The money factor is .00030 lower for loyal customers.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum