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BMW 3-Series Lease Questions
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The turn-key program is for BMW customers whose lease is within 30+/- days of the return date AND finances a new BMW with BMWFS, is eligible to receive a 1st payment credit up to $500 towards their new BMW.
The exceptions are manufacturer discounts that are special to you. If you have a unique $750 coupon from BMW then you can take that off after all negotiations.
Thanks
2013 328i Black Sapphire Metallic, cold weather package (ZCW), premium package (ZPP), BMW Assist (6NL).
MSRP 42,645...dealer offer $38,350
36 month lease with .00130 LMF....we will put down $5000 which will leave a balance of $26,866 at the end of the lease.....Dealer said the residual value is 63%
Any information would be greatly appreciated...if you need more info hopefully I can provide it
The $5,000 down was from a trade in and cash (50/50) in an attempt to get her payments as close to $300 a month as possible. They were able to get it to $347 but no lower. Another person suggested MSD's ?
One additional question:
My dealer is saying that the residual is 63% for a 36 month / 10k miles per year lease on a 2013 328i sedan. Based on your comments here, I thought you said that the residual can be as high as 65% for that combo. RidewithG is reporting 60% for the sedan in February (to which I assume I add +2% for the 10k lease). Can you please confirm?
Thank you!
Looking at a white 328x, COLD + premium + Distance Control (option only). msrp 44,545. What would be the approximated monthly payment with top credit tier, 36/12K, 0 down (March or April)?
Also, same situation, but with an additional 2100 (Nav) option, how much is my payment gonna go up?
Car_man
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Car_man
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Prices Paid: Buying & Leasing Experiences Forum
There is a $1,000 cash incentive on leases of this car.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
There's a $1,000 cash incentive on leases of this car right now.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
According to my calculations, if you were to lease a 2013 328i xDrive Sedan that has an MSRP of $44,545 and a selling price of 41,045 through BMW FS right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment would be around $462.
Increasing the MSRP to 46,645, but keeping the discount and lease program constant would raise the payment to around $489.
Car_man
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Mineral blue
Harmon Karden
Technology Package
Driver's assist package
Premium
Lighting package
Cold weather package
about 3300 down which includes first month payment, NYS taxes, fees, etc
3 year lease 10k per year 488.00 month.
I haven't done any negotiation yet so maybe I can get it a little cheaper. I didn't ask for any of the numbers yet on the price and such.
Is BMW offering lease incentives for this car during March?
The residual value for a lease with only 12,000 miles per year would be 2% higher.
BMW is now providing a $1,000 cash incentive on leases of 3-Series Sedans. Make sure to take this cash into account when negotiating the capitalized cost for your lease.
Car_man
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Having educated myself on this forum (thank you!) I asked about money factor, residual and what price he was using. The answer is $5,250 off of MSRP after rebates (which puts purchase price at $63,745), 65% residual and .00130 (which he says is about 2.9%). KBB says dealer invoice is $63,405. So the purchase price would be $340 over invoice. KBB also says $63,469 is the "fair purchase price."
Am I missing anything? Seems like a good deal to me. But since I haven't negotiated at all (other than insisting that the information be provided to me via email instead of me going to sit down with him), I want to make sure I am not missing anything.
Thanks so much in advance for your help!
Just want to make sure that I got this right. So when you are calculating the residual value, you would use the % * the MSRP ; however, when calculating the depreciation fee (the amount that will be used during the lease term), you are actually using the Negotiated price (instead of the MSRP) - residual and then divided by the # of months, am I right?
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I am wondering what is the ballpark for a lease a 2013 328i in 24 months with driver assistance package option and premium package installed
The car I'm interested in features:
- Cold weather package
- Driver assistance package
- Premium package
- Technology package
The MSRP is $53,770 and the dealer's suggested price is $54,120. I’d like to do a 10,000 mile lease with $0 down. I have great credit. Any idea what the residual value, money factor or monthly payment would be?
If I decided to go with the Sport Line instead, will the residual value and money factor change much?
Any additional insight is appreciated!
Thanks for your help in advance!
I'm getting 0.0013, and 68% residual on 24 mths/12K miles.
Did you negotiate that MSRP?
I haven't negotiated anything yet. The MSRP is from the Vehicle Inquiry Report that our salesman ran. We're shopping right outside of DC...not sure if that changes anything.
I think the numbers i'm getting are good, if you try for that (the money factor and residual), but you are getting a very good msrp I think.
do you mind sharing the dealer name, maybe i'll take my business there.
dealer names are allowed to be shared here, just not salespeople.
im getting those lease numbers from parkave bmw in nj.
Today I looked at this vehicle 2013--328xi in Glacier Silver . Modern Line, Cold weather, Premium, Tech Package and a dest charge added of 895 for a Total Suggested Retail price of 49,545
I was quoted $499 for 10k mi nothing down other than "fees". Of course I don't know what those fees are yet...but can anyone tell me if this price makes sense or better yet what I should be paying for a lease on this vehicle? I have great credit.
Also would appreciate any other ideas/suggestions you may have for me--1st time buyer of a bmw 3 series. THANK YOU. This dealership is in NJ
Specs on the 2013 335is-Mineral white metallic, black dakota leather interior, dark glacier aluminum trim, premium sound package, 7 speed double clutch transmission, carbon fiber rear deck spoiler, star spoke 199 black wheel and tyre set.
Selling price after all discounts: $57,747 (MSRP spec'd out as above on the BMW website is: $62,049)
Residual: 64%
Money factor: 0.0015 (dealer not willing to go below, even though I mentioned the current rate of 0.0013)
Any thoughts would be most welcome as I am yet to commit.
Thanks a bunch..
I'm trying to lease a 2013 328i, Sport Package, Premium Package, heated seats and back-up camera, in Dallas, TX (msrp $44,995). After reading previous posts, I was expecting to be quoted a lease money rate of .0013 and have a payment of around $550 (3 yrs, 15K miles)...however, after being in contact with 3 dealers (including 1 in Austin, TX) I have quoted .0017 by all of them, and this is for top tier credit. I've got one down to .0015, but I feel like I should be able to do better and get a payment well south of $600.
Any thoughts are appreciated.
I agree with you, that sounds very high for an MSRP of 45K.
Friend has 2011 328i, MSRP was 42K, 24mths/12K, not tier 1 credit, payments are 432/mth, zero down other then the usual stuff (BF, taxes, plates registration blah blah)...in NYC area.
I read some of your recent posts re: the March BMW rates; however, I couldn't find what the residual value would be for a 10,000 miles per year lease. Any insight is appreciated!
Jet Black + Black Leatherette + Lightning Package
MSRP: $38,645
Negotiated Price: $36,645 (500 over invoice)
36 Months
10,000 mi/year
.00130 MF
Incentives:
$500 USAA
$750 Loyalty
$1000 3 Series Sedan Incentive
Base Payment: $387.85
Total Payment $415.00 (Tax included @ 7% FL)
Total Due @ Signing: $653.76 for Registration etc all fees includes the 1st month payment.
Review?
Also thinking of doing the Multiple Security Deposits which he told me would be $2,800 total for all 7 and would drop the payments from $415.00 tax included to $389.74 tax included...
Been lurking here for the past month or so. New to leasing , New to BMW, Plz help.
I kinda know what I need to know for leasing, but have some questions:
1. I sent an email quote and was quoted a 1.3 money factor, which translate to a 3.12% interest rate. From what i read, this is the "base rate". My question is - is this the lowest that BMW can go? The reason is, i see ads that'll say 0% interest/apr or 1.99% interest (granted they are for purchases), but does it matter?
2. Bottomline - > if the dealer quotes me 1.3 money factor, i'm getting the best deal for the MF right?
3. I am looking at a dealer's website's inventory and they have 328i with SULEV and some with no SULEV after its name, from what I can find, SULEV is worse engine right? btw I live in S. California
4. Here's the main question: I am looking for a BASE model 328i 4dr no options no packages no accessories, no moon roof no nav, no nothing. Lease for 24 months (i know 36 is better, but leave that for a moment) and 0 down.
Per Edmunds' invoice price, it should be 33,900 (MSRP 36850). correct me if i'm wrong.
I emailed for a quote and they came back with one, but they gave me one that has sunroof in it. That doesn't matter right now, what I want to know is, how to understand its breakdown. If car_guy or others can give me some advice that will be AWESOME!
Here's the breakdown and questions underlined:
Term 24 Months
Mileage 10,000/year
Money Factor 1.3 (Is this the best rate i can get?)
Residual Factor 69% Is this the best i can get?
Base $36850
Moonroof and Destination $1050 +895
MSRP $38795
Selling Price $36,310.00
Bank Fee $925.00 WHAT IS THIS BANK FEE??
Total Capitalized Cost $37,235.00
Residual Value $26,768.55
Total Depreciation $10,473.79 Is the math fishy here..$37325-$26768.55+$7.34
Capital Reduction ($7.34) What is this? Is this a credit or a debit for me? help or hurt?
Monthly Depreciation $436.41
Monthly Rent $83.21 (math works out)
Monthly Payment $519.62
Tax (8%) $41.57
Monthly Payment + Tax $561.19
Capital Reduction ($7.34) What is this again? does it hurt me or help me? where's it from?
Cap Reduction Tax (8%) $6.40 What is this? never hurt of it. Help or hurt me?
License & Registration $359.75 Is this fair?
Documentation Fee $80.00 Is this fair? Is this negotiable/waivable?
First Payment $561.19
Security Deposit $0.00
THANK YOU SO MUCH!
Thank you for your feedback so far. I live in S.california.
So hopefully someone can point out what this "Capital Reduction ($7.34)" is and if it hurts and help me.
So at this point if i were to negotiate, what exactly should i call the dealer out on? like should i say hey, everything's good, but we need to negotiate further down on the selling price?
where's the fighting ground? What should i be demanding?
THanks!
MSRP 37745Trucar Invoice: 35395, Edmunds' TMV invoice: $34795 ($33000+$895 destination)
Selling price 35405 (i strongly believe including destination already)
Customer leasing incentive $1000 (No USAA or loyalty bonus)
Net Cap: $34405 (math:$35405-$1000)
24month lease with 12k/year
0 Down, 0 security deposit
MF @ 1.3
Residual % @ 68%
Residual Value: $25666.6 (Math:$37745 * 0.68)
Depreciation: $8738.4 (Math: 34405-25666.6)
Monthly Depreciation Charge: $364.1 (Math: 8738.4/24)
Monthly Rent/Finance charge: $78.09 =>Math: (34405+25666.6)*0.0013
Monthly payment (exclude tax of course) = $442.19 (math: 364.1+78.09)
Total fees due @ signing:
First month payment: 442.19 + Tax
License and regis: 327
Doc fee 80
Bank fee 725
Capital Reduction tax: $144 approx
Qusetion: if my tax rate is 9% and it's based off of the $1000 customer incentive, how come the tax is so high?
TOTAL: 1718.19 +1st month payment's tax
So all in all, assuming Truecar's invoice is correct, at 35395, selling price (after $1000 deduc) is $34405, and MSRP @ $37745, that's a bit over 8.5% less than MSRP (Math: 37745*0.915) and roughly 1k below invoice!
Then HERE is where I need your help: is this good?
Please only compare this with other 24 month leases! THANK YOU
Seems like alot compared to my deal even without the Incentives I had....
With no options your MSRP is 37,745. Invoice is 35,325 with all fees included.
I strongly suggest you get the lightning package as bare minimum for $900, it's a world of difference and the only must-have option IMO.
And I didnt shoot for any options is cuz I want to reduce any additional expenses. Even that 900is a lot.
So can u gus please re evaluate based on my current deal?
Am I right to think that I really got 8.5% beloe msrp??
Thx
Thanks in advance for your responses.
Deal 1:
443+35.44tax = 478.44 per month
Total due @ signing = 478.44 + fees (bank/doc/L&R) = approx $1754 due @ signing
Overall $ spent on life of the loan = (478.44 * 23) + 1754 = $12758.12 approx
Deal 2:
$537.35 (ALREADY include tax) per month
0 due @ signing, all tax, fees, 1st month payment covered
Overall $ spent on life of the loan = 537.35*23 = 12359.05
So if you look at it like this, the second deal is better, so here's the questions:
1. Different dealers use different spreadsheets/terminologies/systems to provide the screenshot of their worksheet, so it's really hard to compare apples to apples without spending a lot of time. If I use the above ways and evaluate the deals based on the "total cost" in the end, is this better?
2. Seeing that the deal #2 saves me approx $400, is deal #2 a REALLY good deal or do you think I can get better if i physically sit down and haggle? The internet sales mgr typically don't give out their lowest.
3. IF i say 0 due @ signing and $525 INCLUDING TAX for the remaining 23 payments, is this an unrealistic offer?
I realize the down side of comparing deals like this is that you don't know if you are asking too little or too much.
COSTCO sells a set of 4 run flats for under 900 dollars and you can probably add road hazard to it cheaply.
May I ask the March RV and MF on a BMW 2013 328I term of 24 months with both 15K miles per year and 20K?
Thank you for your kind assistance