Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!

BMW 3-Series Lease Questions

17980828485111

Comments

  • qbrozenqbrozen Member Posts: 32,891
    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; '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

  • kyfdxkyfdx Moderator Posts: 235,200
    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...

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • bimmerman335bimmerman335 Member Posts: 1
    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!
  • qbrozenqbrozen Member Posts: 32,891
    true. But you can get gap insurance for darned cheap on any financed car, too. So I still see it as equal risk.

    '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

  • qbrozenqbrozen Member Posts: 32,891
    Sooo... going by total outlay here...
    $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

  • kyfdxkyfdx Moderator Posts: 235,200
    Well... your premise was that the "smart money" people suggested that you should put money down on an purchase, so that you aren't upside down..

    Maybe, that's the part that is wrong?

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Moderator Posts: 235,200
    Agreed.. take over the lease...

    Or, lease a Z4 instead.... Even though the MSRP is 30% higher than the 3-series, the monthly payment will be less...

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • qbrozenqbrozen Member Posts: 32,891
    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; '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

  • kyfdxkyfdx Moderator Posts: 235,200
    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...

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • knowledgepowerknowledgepower Member Posts: 1
    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.
  • as1016as1016 Member Posts: 6
    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?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • as1016as1016 Member Posts: 6
    edited September 2011
    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.
  • docgary1docgary1 Member Posts: 11
    Very surprised with BMW policy re: warranty on new car with mileage...

    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)
  • jetfanjetfan Member Posts: 61
    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.
  • cook49ercook49er Member Posts: 2
    edited September 2011
    Thanks for the reply Carman.

    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
  • watermapwatermap Member Posts: 3
    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.
  • geo1317geo1317 Member Posts: 23
    Can I get the numbers for a 2011 328i on a 24 month lease at 10k?

    Thank You
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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: .

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • as1016as1016 Member Posts: 6
    edited September 2011
    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

    Thanks for your feedback!
  • 1buffdaddy1buffdaddy Member Posts: 12
    This is the latest quote I have received from my local BMW dealership...

    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?
  • mortiennemortienne Member Posts: 30
    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%.
  • boco063boco063 Member Posts: 5
    Hi -

    I'm looking for sept '11 money factor/residual for a 36 month 12k/year lease on a 2011 335d.

    Thanks,
    B.
  • rrt1rrt1 Member Posts: 9
    edited September 2011
    I am looking at a 2011 BMW 328I. Details below

    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.
  • socal59socal59 Member Posts: 82
    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?
  • richzrichz Member Posts: 160
    Can someone please confirm the september money factor and residual for the 2011 M3 convertible and the 2011 M3 coupe?

    Thanks.
  • rrt1rrt1 Member Posts: 9
    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.
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • richzrichz Member Posts: 160
    Thanks, appreciate it!
  • satriplettsatriplett Member Posts: 1
    edited September 2011
    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.

    What do you think?
  • kball2kball2 Member Posts: 62
    Car Man,

    What are the rates (residual % & money factor) on the 335d for 36 months, 10k miles per year.
  • kball2kball2 Member Posts: 62
    Car Man,

    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.
  • smartorstupidsmartorstupid Member Posts: 1
    edited September 2011
    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

    Invoice Price: 40-41k
    Down: $2500
    Monthly: 470/mo (including tax)
  • ftrdaveftrdave Member Posts: 1
    What is the money factor and residual on a 2011 335d for a 36 months / 15,000 miles per year lease?
  • mashtubemashtube Member Posts: 1
    Folks,

    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.
  • kyfdxkyfdx Moderator Posts: 235,200
    Residual is based on MSRP, not sales price... That is messing up your calculations... You'll need the MSRP to calculate the monthly lease.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • asponsaspons Member Posts: 1
    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)?
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    No problem richz.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • CarMan@EdmundsCarMan@Edmunds Member Posts: 38,514
    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.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
This discussion has been closed.