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BMW 3-Series Lease Questions
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Comments
Thanks!
Mike
Under these conditions:
• $399 First months payment
• $3,000 Down payment
• $0 Security Deposit
• $725 Acquisition fee
• $4,124 Cash due at signing
-APR/Lease credit of $1,500
How can I get these numbers down? Is it possible to negotiate any of those areas, without increasing the $399/month payment? Thank you in advance for any guidance. This is my first lease ever & my first BMW!
MSRP: $50,150
Sale Price: $48,168
Residual Value @ 65%
"Selling Rate" / Money Factor: .00135
Upfront MSD of $4,837
10k / year
Incentives: 750 Conquest + 1,000 test drive incentive coming this week
Final per month: $555
Couple questions here...they said the MF of .00135 was low and that .00127 is what they buy at and they can't negotiate down to that. Don't think that's going to impact the payment significantly anyway, but they didn't want to budget on that.
Also, residual of 65% is high i think, so that's good.
Final point - they said that they take a 6.5% profit margin, not 9% like most dealers so trying to calculate invoice at 91% of MSRP won't work. If I do 91% it ends up being $2,531.80 over which seems like an average deal at best. They claimed that this was a 'friends and family' deal since I know a guy who works there, not quite sure about that..looking for some input. Let me know if I missed any key figures.
The numbers for an otherwise identical lease of a 2013 335i xDrive Sedan are .00127 and 64%.
The lease program for the 2014 versions of these cars have not been published yet.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
If I was in the market for this car, I personally would shoot for a selling price of say $500 or so over dealer invoice minus the APR / Lease credit.
This car's buy rate lease money factor is currently .00127 for consumers who qualify for its top credit tiers.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I'm turning in a 2011 328i coupe in August and am thinking of ordering the 2014 428i coupe. Is there any information out there on the money factor and residual for a 36 month, 10k miles/year lease? I don't want to go back to the dealer shooting blanks. Thanks.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
This is an offer I got from dealer in Maryland for 2013 335i Convertible, fully loaded.
MSRP: $62800
Price after discount and incentives: $56500 (I have not negotiated yet)
+ tax, tag, "fees" = $59500
10k miles/yr 36 months , first month $500 offvoucher.
0 down =$685
2000 down =$626
4000 down =$567
How does it look?
I do not have info on how they come up with this number in terms of Money factor, residual value, % , etc...
Please let me know what is a fair, good and best deal? what is the steal deal?
Thank you.
P.S. I have 2011 328i Convertible, lease ending.
I am turning in a 2011 328i coupe with 22,000 miles in August. It's in almost perfect condition and could easily become a CPO. Does this get me any negotiating room if I am ordering a 428i coupe? Also, does anyone know or know where to find the base MSRP for the 428i coupe? Thanks.
List Price: $37,745
Invoice: $34,825
Sale Price: $35,000 (I don't know if I can get this.)
Down Payment: $2,000
Conquest Rebate: $750
Money Factor: .00127
Lease Terms: 36 months, 10K miles per month
Residual: 64%
Sales Tax: 8%
Price: $320 per month
Is this doable? Please let me know where my mistakes are. Thanks.
Got this deal offer:
MSRP: $51,625
Sale price: $48,253
Residual: 65%
Money Factor: .00127 (which I learned on this blog)
Acquisition fee: $725
Down Payment: $2,000 (I know. Suppose to have as zero.)
Additional miles to 50k: 15Cents per
Tax, license and registration.
Dealer fee: $699 (I kept pressing for ALL fees. One email documentation fee. Needed to see a child to cover). Always suspicious of this type of fee. Sales person said some call it doc fee, prep fee, dealer fee. Of course, it is pure profit. Should I say no? Are they entitled to some document fee?
Sales person has not mentioned disposition fee, which I will say no.
Words of wisdom?
Thanx.
The offer was for $3,100 down and $330 per month.
36 months, 10k a month.
Is the deal worth it? And is it a good idea to get a demo car in a lease?
I just leased a 2013 BMW 335i convertible, it too was a loaner/punched car. I called 3 different BMW dealer and got 3 different quotes and then played them against each other until I was able to get the best deal.
Here is how my costs breakdown:
-BMW 335i convertible
-7,000 miles already on it
-Premium and Convenience Package (no navigation)
-Tire Protection (bought this for peace of mind)
-Protection on major dings/chips/etc when I turn it in (I was sold this at closing)
-$600 wind deflector for the convertible (I had them do this after we agreed to all the numbers).
-15k miles a year
-$57k retail, after discounts it was a final price of $50k
I was given the keys with only a $900 charge to my credit card and a monthly payment of just under $600 per month. (the initial $900 had the first month included)
I was okay with a 328 or 335, whoever could give me the best numbers. I called their local competitor he had a 328i convert. He gave me a final sales price of $47k. Their competitors numbers were still higher on the 328i than on the loaner 335i convert., So the competitor had to tell me - "enjoy driving the 335i" - haha.
I think I did well. If I didn't get the tire protection or ding protection, my monthly payment was going to be about $540/month with that same $900 down.
I continue to try and get them to remove dealer fee. Thanx:
MSRP: $51,625
Discounts including rebates: $4,872
Selling price: $48,253
36 month lease 10k miles/yr
Cash due at signing: $2000
Total Cap Reduction: $1754.25
Lease payment inc tax(7%) $522.21
Residual – 65% ($33,556.25)
Money Factor - .00127
Dealer offered me a $1000 discount. So here are the numbers for 3yr 36K miles lease.
0 down payment.
approx $3000 due at signup (all fees included - NJ State Tax, Motor Vehicle Registration, acquisition fee and doc fee)
$620 per month for 36 months.
Is this a good deal? If not, where can I negotiate?
Thanks.
$620 is not an attractive deal in my opinion.
You should be able to find a deal for $550 or under. My friend got her 2013 328 convertible with Nav and all packages (but previously loaner car) for $490/month! It was reduced to $47k though. Shop around. My 2 cents!
Another problem is all dealers have limited 328i convertibles in stock. One of the dealer told me that it will be a 4 series from 2014 so they can't order a new one. is that true? If yes then when will they start taking orders for the 4 series?
MSRP 61,300
Selling Price $49930 (including $3500 eco credit)
Doc Fee $500
Acq $725
Money Factor .00127 (MSD = 7 $3500) Final MF = .00078
Rebates $2000
Residual 62%
Down payment including MF ACQ and Doc FEE = $5200(inc security deposit of $3500)-$2000 rebate = $3200
3 year 36k miles
Current miles on vehicle 130.
Final payment $422.30
Is that a good deal? Should I do 1 payment lease?
Thanks
I have a dealer and may do a deal. Got 500 over invoice, .00127, 65%. Thing is, it really has options I don't need, such as navigation (my used. dusty, jelly-donut stained Garmin does just fine). But there are few 328 convertibles on lots around these them parts, and I don't want to drive hundreds of miles to get a deal. So I seek advice from those sage folks on here.
First, dealer fees are all over the board with dealers. This car has $599. I try to say no to dealer fees, and have in the past, but I think I would have to just bite the bullet. Hopefully, I am still worthy.
Have been pondering though now getting an Audi A5 cabriolet. I have already perused these invaluable boards for money factor, residual, etc. The BMW above has an MSRP of about $53,500 (again, getting $500 above sticker). Looks like Audi's are 47-49k on the low end, so can get a good deal. The money factor seems higher (need to do the math, with my poor public school education math skills).
In reading on line, it seems the Audi has a better look, and more inside (I would agree), but the BMW rides better.
Last year I drove an Audi (NOT a convertible). Maybe I got the only lemon built, but it had no pick-up. I actually drove an Audi A5 and A6. I intend to take a test drive this week.
Thoughts oh helpful ones from a frustrated purchaser.
Do you have July's lease numbers for 328i xdrive??
I was trying to finalize a deal today and could not..
I thought maybe July's interest could be better than June??
Thank you!!
Thanks!
-P
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
BMW Financial Services' July buy rate lease money factor and residual value for a 36-month lease of a 2013 328i xDrive Sedan with 15,000 miles per year are .00120 and 61% for consumers who qualify for its top credit tiers.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I used a money factor of .00127 and a residual value of 58% to arrive at this payment.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
Also what other incentives such as dealer cash, options rebate, loyalty or conquest...?
Thanks so much.
I have never leased a car before but I am planning to lease a 428xi when it comes out due to the standard features. The price according to the website is as follows:
428xi = $42,500
Destination $ Handling = $925
Heated Seat Option = $500
Acquisition Fee = $825
Paper Work + Dealer Fee = $600 (Assumption)
NY Sales Tax = 8.65%
I am looking at a 36 month lease with minimum 12k miles a year. I know the car isn't available til October 2013 and no residual value or money factor would be available right now but I wanted to have a ball park idea of what i would be paying if the above pricing can be reflected on the current 328xi. Looking at the 328xi with similar options, the invoice prices i see on the internet is almost $1500 - $2000 below the MSRP.
I am willing to drop $4800 maximum on the down payment which would include the fees, first month payment, acquisition fee.
Based on that assumption could someone let me know what would I be expecting to pay per month for this ? I dont want to go above $370 - $380 a month. Is it possible ?
Also would reducing the lease term from 36 months to 24 months with 12k miles a year increase or decrease my monthly/down payment ?
Thank You for your help.
I'm starting to talk to dealers about preordering or doing an ED for the new 335i Gran Turismo (xdrive, m-package).
Do you have mf/residuals on this car yet? I'm looking for 12k/yr and 15k/yr rates.
Although we haven't gotten to details yet my dealer mentioned "locking in a rate now" which I take to mean as #'s are available to execute the agreement now before the car is officially launched (as I did when the 335 coupe first came out).. any comment on that?
Thanks a lot!
I am trying to do my calculations for a lease on a 328xi and was wondering if you can provide the residual % for 12k and 15k miles a year.
I am guessing the lower the residual value, the higher the monthly payment and down payment.
I am looking for the following:
Fair Purchase Price = $40,675
12k or 15k miles a year
According to my calculation if the residual is at 65% with 15k miles (I highly doubt this will be correct) i would have to cover the cost $14,235 over the 3 year lease period.
So monthly would be $309 and $3500 down payment ? Is that close ?
Can you provide MF and residuals for a 435xi? 10k miles a month should be more than I need.
Thank you!
BMW Financial Services' July buy rate lease money factor and residual value for a 24-month lease of a 2013 335i Sedan with 15,000 miles per year are .00127 and 66% for consumers who qualify for its top credit tiers.
The numbers for an otherwise identical 36-month lease are .00127 and 60%.
BMW is currently providing $1,000 dealer cash on this car. There's another $500 loyalty cash and the waiver of the first payment for loyal customers.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
BMW Financial Services' current buy rate lease money factor and residual value fro a 36-month lease of a 2013 335i Gran Turismo xDrive with 15,000 miles per year are .00127 and 60% for consumers who qualify for its top credit tiers.
The residual value for a lease with 12,000 miles per year would be 2% higher.
On an ordered car, you should be able to lock in the lease program that is available now and then choose between it and the one that is available when you physically take delivery, whichever is better.
Car_man
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The residual value for a lease of this car with 12,000 miles per year would be 2% higher.
When negotiating your deal, make sure to take advantage of the $1,000 dealer cash that is currently available on this model.
Car_man
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BMW Financial Services' July buy rate lease money factor and residual value for a 36-month lease of a 2014 435xi with 10,000 miles per year are .00127 and 63% for consumers who qualify for its top credit tier.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
I was at a dealer on Saturday for the Drive Event and of course ended up talking cars and numbers. Found a car at the port with the specs I was looking for and a couple that I don't really need, but I can deal with the limited overages. I signed papers and now checking numbers.
I'm always prepared when I'm ready to sit and talk numbers, but I hadn't planned on negotiating on Saturday (originally I didn't think I was going to be in town) and hadn't done any research on cost, options, etc. So now I'm scrambling to deal with during the contract review period.
This is what I have:
$49,075 - MSRP
$45,130 - Invoice
$45,340 - Edmunds TMV
10K/year
64% residual
.00120 - Money Factor
Money factor seems correct based on your prior posts. Is the residual for 10K/year 64% and 12K 63%?
Is the TMV a reasonable price to negotiate for the car or is it realistically a bit higher than that? Range?
Is the current population of rebates a total of $2500:
$1,000 Build Out Credit
$1,000 Drive Event
$500 Loyalty Cash (yes, I'm a serial BMW lessee)
Thx!
I saw that you gave Jackbauer the money factor and residual for the 435i. Do you also have the figures for the 2014 428i? 36 months. 10k miles/year.
Also, I've already placed the order on the car so I'm wondering where my room to negotiate is when the car comes in. Am I stuck with the MSRP or can I get closer to the invoice? Can I lower the money factor by offering multiple deposits?
Finally, what is the $1000 build out credit and how does one qualify for this?
Thanks for answering my questions.