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MSRP 34475 (128i metallic paint and premium pkg only)
purchase price 33440
aquisition fee 925
Residual 59% at 36 months for 12K yr
money factor .00255
Lease Rebate Cash 750
Trade in value(paid for) 4500
NC tax 3%
And the dealer quoted me 410.xx a month, using only the 4500 down with the first payment included in that, no other out of pocket. Does that sound right? Any input greated appreciated!
If you have extra money laying around, using it to make multiple security deposits is a better way to reduce your car's monthly payment than making a capitalized cost reduction. BMW FS allows consumers to make up to seven additional deposits on leases, with each one reducing the money factor that is used to calculate their monthly payment by .00007.
Car_man
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Thanks for the response, can you tell me the MF and residual's for July on a 128i convertible and if they are still offering any incentives. There was a $750 lease incentive for June I am not sure if is still available.
Thanks!
Keith
Based on a 3yr 45K miles lease again, Thanks!
Car_man
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What is the October MF and Residual for 2009 BMW 128i Coupe, 36 months, 10K per year?
I am in New Jersey and looking to lease the car.
Thank you,
Car_man
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'09 135i Coupe+ sport +prem pkg (car has 135 miles, new but...i guess demo miles?)
$0 cap cost reduction
$0 sec deposit
$500 due at signing
12,000 mi/year
$626/mo. including taxes. Using 0 money down option.
MSRP: 45,000 They sell to me for: 41,000
This 2009 BMW 135i Coupe is Black Sapphire Metallic w/ Savanna Beige Boston Leather, LIght Burl Walnut Trim, and a Black Soft Top. Options include the Steptronic Automatic Transmission, Premium Package, Sport Package, Heated Front Seats, Satellite Radio, and iPod & USB Adapter!
Is it a coupe or a convertible?
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that must be an error in their ad
What do you think? They said the MF was .0002
Also.. What is the MSRP?
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You never mentioned how long you want to lease for or what mileage allowance you need, so I had to make some assumptions. Let me know if you want something different.
When negotiating your lease on this car, make sure to take advantage of the $1,500 cash incentive that is currently available on it. That's the only cash out there that I am aware of.
Car_man
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Anyway, BMW is having lease deal for $369 /month plus $4, 494 due at signing for a an MSRP of $39,900 and 10,000 miles a year for three years.
The BMW with the options i want is $36245 (and that is without any negotiating). However I need 15,000 miles a year. Obviously the quoted price is without taxes registration etc...
Taking all that into consideration, do you think the monthly payment would go up because of my change in mileage or would it be offset by the 3,000 or so difference in price. And how much money should I expect for taxes, registration and fees??
Besides this question, that down payment is a little high, I was hoping of paying close to $3000 instead....how much would the lease payment be a month with a down payment close to that? (examples of what you guys are paying would be really helpful)
Thanks a lot in advance
I am in the process of ordering a 2010 135i Convertible to lease for 36 mos 12-15k miles/yr.
One dealer said they could apply the $1500 holiday money to the costs (Acquisition fee, license, etc.) rather than reducing the capitalized cost. I know that reducing the capitalized cost has been discouraged due to issues if the car is totaled or possibly stolen and not recovered (you don't get the cap cost reduction back?).
Does it make more sense to apply the Holiday money to the up front costs/fee?
Here is one of the quotes I've received - this one applies the Holiday money to the cap cost and there is a corresponding tax on the cap reduction:
15k miles/yr, 36 mos
.00225 Money Factor
47,025.00 MSRP
27,744.75 Residual Value 59%
44,330 Negotiated price
($500 over invoice - invoice price includes 380 MACO + 180 training as I understand it - Southern California dealer)
1,500.00 Cap Reduction (Holiday money)
42,830.00 Adjusted Cap Cost
131.25 Tax on Cap Reduction 8.75%
3,149.26 Customer Cash Down (Includes 1500 Holiday money as I understand it)
I need to ask how this is derived since I can't get the numbers to add up.
700.00 Security Deposit
577.82 Base monthly rental
50.56 8.75% Sales Tax
628.38 Monthly Payment
978.75 Up front/Acquisition Fee (BMW 775 + 150 markup, Doc fee, California tire fee)
597.00 License Fee
If I apply the Holiday money to costs and fees, the monthly payment goes up to 677.37 but I have less money out of pocket.
I appreciate any feedback you may have.
Happy Holidays,
Lee
The whole idea is to walk out with the minimum out-of-pocket.. On my last lease, that was 1st payment plus $114 in state/local licensing fees (no security deposit).
In your case, if it were me, I'd pay 1st payment and security deposit upfront... That will be around $1400.... Add the rest of it up (selling price, acq.fee, license fees), add it to the cap cost, and have them figure the payment on that...
According to your numbers, the $3149 is actually coming out of your pocket at lease signing.. The $1500 was already deducted from the CAP cost, so you would have to come up with that whole amount... That is too much, IMO.
Only paying $1400 upfront will raise your payment by $55-$60 per month, but that's better than putting that mone out there... Or, you can have the dealer do as he proposes... It is much the same... Use the $1500 to pay directly against the $3149, instead of reducing the CAP cost.. That will leave $1600-$1700 for you to pay upfront, instead of the $3149 (increasing the payment, naturally)..
regards,
kyfdx
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I could do also do this with no security deposit, but the money factor then goes to .00240
Lee
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• $339 First months payment
• $2,800 Down payment
• $350 Security Deposit
• $725 Acquisition fee
• $4,214 Cash due at signing
http://www.bmwusa.com/Standard/Content/FinancialServices/LeaseOffers.aspx
I don't see it there anymore, with exactly those terms.
I just got a quote to build-to-order (6 weeks waiting time) lease deal for this model:
2011 128i Coupe
STEPTRONIC Automatic Transmission
Premium Package
Heated Front Seats
Xenon Headlamps
Metallic Paint
Tax rate is %7.75
Dealer quoted for MSRP (which is $36000) and gave me these info: MF is 0.002 and residual is %64 ( $23040) for 10k/yr for 3 year
$440.85/mo with only $2190.41 due at signing. This amount due at signing represents no money down, only first months payment, security deposit, fees and upfront taxes...
I have a 5% off from work for that dealer, which he did not include right now... I will make him include that... I also did not want to put any money down...
What do you think of this deal, what should I do next to lower this? MF of 0.002 is a little bit high I believe, is there any way to lower that? There seems like no other incentive available for this model and there are no 2010's left in the lot unfortunately...
The $2190.41 due at signing includes the following breakdown:
440.85 - First Payment
450.00 - Security Deposit
250.00 - Documentation Fee
925.00 - Acquisition Fee
33.50 - Title/Registration Fee
91.06 - Upfront Taxes
2190.41 Due at signing
What do you guys think of it?
The money factor hat you mentioned, .00200 is right in line with BMW Financial Services' buy rate for this model. This is the lowest possible money factor that BMW dealers are allowed to charge on this car right now.
If you like this vehicle, I personally don't see any reason not to pull the trigger on this deal.
Car_man
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Additionally, I received this e-mail from the dealer stating they are under invoice pricing right now, saying: "As for invoice pricing, I am telling you the truth when I say that $33,614 is $1 below invoice on this car. All of the BMW dealers in northeast Ohio share a advertising budget that gets allocated to all of the cars in the region. This cost per car is the $430 difference you see. This money goes right toward the network of BMW dealers. $33,614 is truly $1 below my cost on the car."
ALSO, he said: "You are correct in stating that the acquisition fee is $725.00 I have mine at $925 because I have to show some profit to the dealership on the sale. We are below invoice pricing on the 128i for you because you are both an employee of (hidden) and also a loyal customer of (hidden). The extra $200.00 on the Acq. Fee is the only profit on the car."
The car he is talking about is a $36000 MSRP, which has the invoice of $33185 as Car_man indicated in #81. So, do you think the dealer says the truth? As long as we are OK on selling price, can he jack up the Acq Fee?
The dealer can jack up the Acq.fee....most of them do, and the max is $200.
He is probably telling the truth about the advertising fee, as well.. BMW calls it MACO.
Once you get the base rates for July, beware of money factor markups... The maximum markup is .0004, and most dealers take it... That's around $30/mo. more, if they take max markup..
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Yesterday BMW announced that BMW FS is introducing a tiered system for its lease program. Its rates now vary by credit tier, with the people with the best credit scores getting slightly better rates than what was available last month and much higher money factors for people with low credit scores.
I should be able to get the full details of this new program some time today. Please feel free to post your questions about it here and I'll gladly fill you in on what I am able to find out.
Car_man
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I am closing a deal on a 2010 135 convertible with a sport pkg. I have a couple of questions that perhaps you know the answer to..
1)The BMW Tire & Wheel Protection program. I was quoted $1289 for 60 m0nths. This is very high imo and I was wondering if you knew the actual dealer cost & m/u on this.
2) this car has the standard HD radio setup but I would like to flip it out for a Sirius satellite radio. I was told $1415 which is also very high as it is only a $350 factory option. Any suggestions?
thanks
BMW Financial Services' July buy rate lease money factor and residual value for a 36 month lease of a 2010 135i Convertible with 15,000 miles per year are .00150 and 56%, respectively.
The numbers for an otherwise identical lease of a 2010 X5 3.0i are .00180 and 47%, respectively.
Car_man
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Wow nearly fifteen hundred bucks to swap out a regular radio for satellite. Ouch. Have you tried to find a unit in stock that had satellite radio installed at the factory at this or a different dealer? $350 is a reasonable price, but $1,415 is nuts.
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was this a great deal, yes and no, things being the way they are, i could have picked up the 2011 model at about 4800 list for about 485 plus tax or about 519 with a drive off of about 4500 to 5000, but what is the difference, a new double clutch and a single turbo. drove both, if i was buying i would have got the 2011, but on a lease, so what. i got the free service the full warranty for the total lease and a like new car from the bmw distributor through a big city dealer.
barry
on a 128convertible 36 month lease10 miles, thank-you!
Config #1 Loaded
2011 128i
Manual 6-speed
Space Gray Metallic
Value Package
Premium Package
Convenience Package
Heated Steering Wheel
Traditional $512/mo
Euro Delivery $445/mo
Rate is 5.5%
Net cap cost $31,150
Taxes are $2800
Title fee $25
Document fee $154.38
New plates $194
Config #2 Bare bones
2011 128i
Manual 6-speed
Space Gray Metallic
Value Package
Heated Steering Wheel
Traditional $451/mo
Euro Delivery $385/mo
Rate is 5.5%
Net cap cost $27,200
Taxes are $2475
Title fee $25
Document fee $154.38
New plates $194
I'd like to invest in a 128i convertable 2010 or 2011, but want to lease with option to buy at the end of the term. Or should I just finance?
If I lease, payment will be lower, and I can buy the car at residual value?
I don't know which route to go?
Advise me on some options please,
Thank U
In general, no matter if you lease or buy - will the dealer provide you with a loaner while waiting for delivery here? Do you have another vehicle you can drive or will you have to rent a car (assuming the dealer does not provide one) while waiting?
Does anyone know if you can have someone else (say a family member) pick up your euro delivery for you? My daughter travels to Europe quite a bit and could combine one of her trips with a side trip to pick up a car for me, if allowed, for not much extra money...
Just stuff I wondered about when looking at euro delivery.
No car provided while you are waiting for re-delivery..
Your daughter can't take delivery of your car, unless she is a co-lessee.. no exceptions..
You can still save some money on an ED lease, but it makes more sense for a straight purchase.
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If you buy, BMW will finance it for 0.9 to 1.9% - at least for the 2011 model, they don't show the cheap money for the 2010 left overs (but Edmunds does). The 2010 should also have $1,500 in dealer money to further reduce the price. The 2011 has the free value package (leather seats and ipod) for the same price, so depending on what you find left over you may prefer to forgo the discount pricing and get the 2011 - since the net price could be close to the same.
If your goal is to own the car and you can afford the payments, no brainer choice to buy it now with cheap money - and I am a big lease fan.
2011 BMW 135i
White w/ Black Leather
DCT
Convienence Package
Cold Weather
Premium Package
Sport Package
Satellite Radio
HK Sound
Selling Price: $42,200
Lease Factor: .00185
12k miles
$2k down
24-month lease: $577 (including tax)
36-month lease: $645 (including tax)
Please let me know, thanks in advance!
Edmunds shows MSRP as $44,525 and invoice as $40,960 so you price is about in the middle - which seems to be typical these days.
You need to run the lease numbers for yourself to see if the dealer is hiding anything in the lease. We have no idea where you are or what your taxes are like so can't tell much else about your deal from what you state.
Remember there is a $750 or so acquisition fee on the lease plus any dealer doc or prep fees and TTL plus taxes.
I think you have your 24 and 36 month numbers backwards...
I was highly refered to this forum by a friend, and i'm looking for an answer to help me negociate with the dealer on a new lease.
What is the best money factor and residual value on a new 2011 128i lease, base model with no options, 10k miles / year for 36 months?
I appreciate in advance!
eMiami
The residual is set by BMWFS and can't be changed by the dealer, so whatever they use has to be the right number or the lease will not fund. Looks like it is 64% on a 10k lease (a whopping 68% for the convertible).
Negotiate the selling price of the car first - most folks seem to be getting about half way between invoice and MSRP - then worry about the lease numbers. Learn how to figure a lease payment as well and always run the numbers yourself based on your negotiated selling price.
You're correct, the 24 month and 36 month monthly payments were reversed.
I'm located in Orange County, CA.
Thanks again!
When negotiating your lease on this car, make sure to take advantage of the $1,500 dealer cash that is currently available on it.
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 2011 128i Coupe with 10,000 miles per year are .00180 and 61%, respectively for consumers who qualify for its top credit tiers.
Car_man
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