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BMW 3-Series Lease Questions
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aq fee $725
$ tax upfront
money factor .00185
Payment includes first month payment
doc fee $299
mv $308 and some part of tax
I would love if someone can give me some insight into this recent deal i was offered on a 2011 BMW 328xi.
$1,700 Total out of pocket (first months payment included)
$408 Month
33 Months
12k Miles per year
MSRP: $43,335
selling price $38235.40
aq fee $725
$ tax upfront
money factor .00185
Payment includes first month payment
doc fee $299
mv $308
Any thoughts guys good deal or not???
Is this a good deal or not???
do you have any idea of the 2011 lease programs.
the MSRP is 41990
1. what do you think the typical buy price should be (Nav/premium/heated seats,etc.,)
2. what is the best duration (33 months?) for 15k miles
3. what is the residual
4. do you think this will change in March?
5. what can be a good range for monthly payment with first month/registration/title alone. (no cap cost reduction)
thanks in advance.
thanks for
I was thinking about leasing the redesigned 2012 328i for 36 months with the 10k miles per year, with 0 down.
MSRP is $43850 but was able to get it down to $41490. Money factor of .00195. 65% residual.
I live in Hawaii, what should I expect to pay monthly?
Thanks
this is my first time leasing a BMW and I have been looking at possibly assuming a lease from someone else since many times you can avoid some fee's and downpayment's however you get a used vehicle of course.
Is there any pros and cons to this option, anything I should be careful of?
I'm specifically looking at a 2011 BMW 328i coupe, current miles 8000, 18900 miles left for 18 months.
More info: "Space Gray Metallic exterior with Black Dakota Leather interior. Has Sports Package with Sport Wheels, Cold Weather Package, all windows are tinted. Car is in excellent condition, non-smoking. Lease includes Excess Wear & Tear Insurance.12000 miles allowed each year." MSRP was $43750, residual $31,938. Incentive $550 and monthly payment with tax $540.
To me the residual seems very high?
Thank you!
$540/mo, however, seems VERY high to me on a 328i.
EDIT: Here, I found this for you. That was a couple of months before the lease inception of the car you are looking at, but the numbers will give you a better idea at least.
'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
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
Do you have March numbers for 335xi coupe 36mo/15k mf and residual? Any rebates or incentives out there for current BMW owners (financed not leased and not through BMW) other than the 1000 advertised on the BMW website?
Thanks!
Thanks!
When calculating a lease in New Jersey, can you tell me how a trade-in affects the sales tax paid on the lease. eg. If I lease a car that has a sales price of $50,000 and am trading in a car that the dealer is giving me $20,000 for, would I only be paying sales tax on the lease for the difference of $30,000 ? Can you explain how it works in NJ and where the trade-in is entered into the calculation ?
thanks in advance !!!!
Can you tell me if the price of 38,235 is before any rebates, or does this include the rebates ?
thanks in advance !!
Base MF (Super Elite Credit Tier): .00180
Residuals 15k/12k/10k: 64/66/67%
Plus the $2500 in build out cash to sweeten the deal. Regrettably it seems the loyalty and extended loyalty programs that were in place over the holidays are history.
Pretty sure this is accurate, Car Man can correct if it isn't. Hope it helps.
'12 328 sedan (F30), 36 mo.
Base Mf: .00195
Residuals 15/12/10k: 62/64/65%
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
I think that what you were quoted is right about what I would expect a '12 Sedan to cost right now, but I wouldn't say that it's a good deal when compared to how much the 3-Series used to cost to lease or to other competitive models.
Car_man
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In short, the easiest way to get a good deal on a leased vehicle is to shop around for the lowest possible selling price and then have the dealer that you decide to go with calculate your vehicle's monthly payment using its buy rate lease money factor.
BMW Financial Services' current buy rate lease money factor for the 2011 328i is .00185.
What is the MSRP of the car that you are considering leasing? I need a number to compare the selling price that you were quoted to.
Car_man
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The reason I ask is this. In order to get the advertised $328 pre-tax monthly payment for a 30 month, 10k mile lease given the MSRP listed in the deal, the $2000 down payment in the deal terms, and the March residual (67% for 10k miles) and money factor (.0018) for a 328xi, the net capitalized cost has to be $33,475. That means the cost before down payment (selling price) is $35,475. If I assume that BMW is not going to advertise a deal that provides its dealers less than a 5% profit margin, the implied dealer invoice is about $33,785 (this equals the $35,475 selling price divided by 1.05). However, when I take the factory invoice from Edmunds ($37,650), add $300 for advertising, and subtract the $2500 cash allowance, I arrive at an estimated dealer invoice of $35,450, which is $1665 above the invoice that would provide a 5% margin and almost exactly in line with the $35,475 selling price, implying zero margin. This implies there might be an additional hidden factory to dealer incentive to allow the dealer to make a margin under the advertised lease terms. If this incentive doesn't exist, then it looks like dealers make no margin on this offer. Is that possible?
The only other possibilities I see are that BMW is using this promotion as a traffic draw and dealers really won't have any direct profit from it, or that BMW is leaving it up to the dealers to scratch out their margin on doc fees and F&I shenannigans, or that simply dumping the old 3-series inventory and associated financing costs is good enough for dealers to not mind BMW offering a zero profit promotion.
Any thoughts (car_man or others)?
Car_man
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I believe that BMW is currently providing the most attractive terms on 30-month leases of this car.
BMW Financial Services' March buy rate lease money factor and residual value for a 30-month lease of a 2011 328xi with 15,000 miles per year are .00180 and 64%, respectively for consumers who qualify for its top credit tiers.
Car_man
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When negotiating your deal on this car, make sure to take advantage of the $2,500 dealer cash that is currently available on it.
Car_man
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When negotiating your deal on this car, make sure to take advantage of the $2,500 dealer cash that is currently available on it.
Car_man
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I don't believe that BMW is currently providing any owner loyalty offers on this car, but as you mentioned there is a $1,000 cash incentive on leases of it for everyone.
Car_man
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Car_man
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Just make sure to have the dealer cut you a check for your trade rather than using the proceeds from it as a down payment on your new lease. Consumers who make large down payments on leased vehicles risk losing part or all of the money that they put down if their vehicle is stolen and never recovered or totaled in an accident.
Car_man
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The residual value for a lease with only 12,000 miles per year would be 2% higher.
Car_man
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Car_man
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• $328 First months payment
• $2,000 Down payment
• $0 Security Deposit
• $725 Acquisition fee
• $3,053 Cash due at signing
My question is...is the $2500 allowance included in the $328/month payment? In other words if I use the $2500 allowance towards cash due at signing is the payment still $328? I find the wording of 'cash available' confusing and not explained in any of the finer print. thanks,
Those figures seem pretty good for nothing down and with the dealer picking up the first two payments.
$45,595 MSRP
$42790 Selling Price include $1000 BMW Cash
$2500 Cap Reduction
Money Factor: 0.00195
Residual: 64%
$437 + tax ($470.73 w/ CA tax)
Got a quote for a 328i convertible, $53595 MSRP, selling price $51000,
30 month lease, 12000 miles per year.
Bay Area, CA.
$5000 down
and monthly $575 + tax (=622).
residue 68%, mf 0.0025.
Does that sound right? Thanks!
Thanks as always in advance for your help.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
I see Edmunds Invoice Price as 36,975 not 37,650 for 40,145 MSRP. Which means delta between MSRP and Invoice is 3,170, whereas the advertised offer requirs 2,170 dealer contribution. That means dealer is making 1,000 before any hidden incentive for dealers based on # of cars sold. Can someone confirm this by checking the edmunds price again. I think I am doing it correctly but a confirmation would be great. Thus there is an additional $1,000 to play with and maybe squeeze 500 out of it???
Carman, 2 questions for you:
Is the reduction in MF for each MSD still 0.00007 or that has changed and is 7 still the max number of MSDs?
Can we combine the 2 free months with the 328/month offer that includes 2500 incentive?
I can answer your other two questions because I literally just did this two days ago. Yes, MSD is 7 (max) x .0007, and yes, you can get the 2 free payments AND the $2500 cash allowance.
To me it seems that if you are able to bake in everything in monthly payments and have 0 upfront besides MSDs, you get a better deal due to the 2 free months.
I am hoping to identify specific 328xi (color + options) I want at couple dealers this week and probably negotiate as much as I can next week. Any data points you can provide would help me. Have a feeling dealers may get even more aggressive last 2 or 3 days of this quarter.
Selling Price: $37,000
Down Payment: $0
Term: 30 months
Mileage: 10k
Residual: 67%
MF: 0.0018
Doc Fee: $289 (non-negotiable per dealer)
Acq Fee: $850 ($125 markup to BMWFS fee, negotiated down from $200)
Disposition Fee: $350 (required by BMWFS)
MSD: $2800 for 7 x 0.00007 = 0.00049 reduction in MF ($2800 = 7 x $400, which is the monthly payment rounded up to the nearest $50)
Montly payment (pre-tax): $362
I paid the acq fee, doc fee, and MSD up front, along with all the tag, title, etc. required by the state. I did not finance the fees - I don't even know if you can.
I'm supposed to pick up my 2011 328xi on Thursday. Titanuim Silver/Black Leather. Value/Premium/Nav/Heated Steering Wheel/Steptronic/Xenons/Split Folding Rear Seats
MSRP: $44,190
Selling Price: $38,746
20K per year lease for 30 months
$0 Capitalized Cost Reduction
$725 Acquisition Fee
CT Sales Tax Included (6.35%)
$572/Month
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
BTW, I agree with you about potentially having leverage at the end of the quarter. If you don't feel like you're getting a great deal, though, I would just wait if you can. The mild winter seems to have left a ton of these in dealer inventories, and it doesn't get any easier to sell an AWD car when snow is a distant memory. There's a reason the lease deals were pulled for the i's and left in place for the xi's, after all. Plus I doubt BMW wants these things to keep sitting around when they are trying to get people into the new 2012s. Add that up and you should only see deals get better, so until the inventory around you starts getting thin and you are worried about selection, there's probably no real rush to consummate a so-so deal.
I'm not sure how to interpret your deal overall b/c I have no idea what the residual is for a 20k lease. But the selling price looks okay, at least in terms of the discount to MSRP (6.7% discount before the $2500 allowance; this compares to 5.4% for the advertised deal and 7.9% for my deal). It's really better to look in comparison to invoice but I don't know what it is for your list of options - you can look it up on Edmunds if you want.
I'm also fairly happy with my trade in too. They are giving me $18,500 & I owe $14,3. So I'm going to get a nice check back from the dealer.
BMW is making my 1st 2 payments (I'll have to pay $72). I've got a $500 BMWCCA rebate (payment #3, $72). Then I'll start dipping in to the check I'm getting back for the equity in my Acura.
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
Car_man
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