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2015 BMW 3-Series Lease Questions

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Comments

  • kyfdxkyfdx Moderator Posts: 264,084
    eisnerdc said:

    Michaell said:

    eisnerdc said:

    Can you tell me if I am getting a good deal?

    2015 328 XI
    36 month lease
    MSRP: $49,970
    Price paid: $44,227

    Residual: 65%
    10,000 miles per year
    MF: .0013
    $0 down, only paying 1st month payment
    $535/month (includes all taxes and fees)

    Those numbers give me $426/mo before tax.

    What is the net cap cost? What state and tax rate is this?
    It's Maryland (6%). So the taxes are $2,672. Acquisition fee of $925. Adjusted residual is $32,480.50. Another $624 is fees (doc fee; $300, govt fees $351, $500 upfront payment then offset by a $500 USAA rebate of $500).
    Ah... $3600 in tax and acq.fees.. That's where the extra $100/mo. comes in.

    Even considering the $1000 incentive on this model, the discount is very good. You did pretty well.

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  • eisnerdceisnerdc Member Posts: 4
    Thank you
  • juny916juny916 Member Posts: 15
    Can you please give me the residual rates for a 328ix and 328d wagons for 12k/15k and available incentives? Can the build outcash and eco credit be combined? Are these rates for the wagons and sedans the same? Also, any word on the September 2015 rates?
  • jmpage2jmpage2 Member Posts: 268
    edited September 2015
    September MF/residual on 2015 and 2016 3-series please? Also is there any new incentive that replaces the build credit?
  • atos2012atos2012 Member Posts: 86
    Hi guys, can i please get numbers for September on 320 and 328 36/10k, Thanks.

    ** Saved Money - Earned Money **

  • MichaellMichaell Moderator Posts: 261,256
    juny916 said:

    Can you please give me the residual rates for a 328ix and 328d wagons for 12k/15k and available incentives? Can the build outcash and eco credit be combined? Are these rates for the wagons and sedans the same? Also, any word on the September 2015 rates?

    September numbers:

    328xi Wagon - .00130 and 64% / 62%. $1500 buildout credit
    328xd Wagon - .00130 and 63% / 61%. $1500 buildout credit and $500 eco credit; can be combined.

    Residuals are different for the sedans - 1% less on the residual.

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  • MichaellMichaell Moderator Posts: 261,256
    jmpage2 said:

    September MF/residual on 2015 and 2016 3-series please? Also is there any new incentive that replaces the build credit?

    No updated 2016 numbers yet.

    Which model? Which engine? What lease term?

    $1500 buildout credit this month.

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  • MichaellMichaell Moderator Posts: 261,256
    atos2012 said:

    Hi guys, can i please get numbers for September on 320 and 328 36/10k, Thanks.

    320i - .00130 and 63%
    328i - .00130 and 64%

    $1500 buildout credit

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  • jmpage2jmpage2 Member Posts: 268
    2015 335xi Sport Model 3 year 10K mile lease. Thanks!
  • MichaellMichaell Moderator Posts: 261,256
    jmpage2 said:

    2015 335xi Sport Model 3 year 10K mile lease. Thanks!

    .00130 and 64%. $1500 buildout credit.

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  • zonedriverzonedriver Member Posts: 23
    Hi, I am in Northern California. Can I get the Sep numbers for 335i? 36/10 and 36/12
    What is build out cash?
  • MichaellMichaell Moderator Posts: 261,256

    Hi, I am in Northern California. Can I get the Sep numbers for 335i? 36/10 and 36/12
    What is build out cash?

    .00130 and 64% for 36/10. Subtract 1% for 12k

    $1500 buildout cash is an incentive used to lower the selling price of the car, or to offset the upfront costs of a lease.

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  • jmpage2jmpage2 Member Posts: 268
    Is $1500 buildout cash applicable on 2016 models also or only 2015 models? Thanks.
  • reston8reston8 Member Posts: 5
    Northern Virginia dealer quoted MF .00170 (?) but I see .00130 posted here and most recent as today. I'm interested in numbers for 328i xDrive 36/10. Thank you!
  • kyfdxkyfdx Moderator Posts: 264,084
    jmpage2 said:

    Is $1500 buildout cash applicable on 2016 models also or only 2015 models? Thanks.

    2015 only

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  • kyfdxkyfdx Moderator Posts: 264,084
    reston8 said:

    Northern Virginia dealer quoted MF .00170 (?) but I see .00130 posted here and most recent as today. I'm interested in numbers for 328i xDrive 36/10. Thank you!

    .00130 MF and 64% residual. $1500 buildout cash.

    Maximum MF markup is .00040

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  • reston8reston8 Member Posts: 5
    Northern VA dealers response to my .00170 inquire "the money factor of .00170 is based of the top tier credit. Any credit score lower than 675 will cause a jump in the money factor" therefore since my credit is top tier I should be eligible for .00130? Also, is 64% residual plus $1500 buildout cash?
  • MichaellMichaell Moderator Posts: 261,256
    reston8 said:

    Northern VA dealers response to my .00170 inquire "the money factor of .00170 is based of the top tier credit. Any credit score lower than 675 will cause a jump in the money factor" therefore since my credit is top tier I should be eligible for .00130? Also, is 64% residual plus $1500 buildout cash?

    Keep expanding your search ... it only takes one dealer to meet your demand of the base MF of .00130.

    64% is the 36/10 residual, $1500 buildout cash this month.

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  • copertinocopertino Member Posts: 3
    Hi
    I have 2 deal negotiated with the dealer
    2015 335 GT NEW
    M package
    Nav , driver assist , conveni package
    MSRP 59325
    Selling price 54320
    MF 0.0013
    Residual 65%
    Residual value 38561
    Acquisition fee 925
    Doc fee 589
    36/10K
    Monthly 620 include 6% taxes
    Out of pocket 1444 ( first month , dmv, doc fee)

    The second deal on
    2015 328 GT DEMO 8000 miles
    MSRP 52550
    Selling price 43290
    MF 0.0013
    Residual 65%
    Residual value 32615 ( after 1505 deduction for the 8000 miles on the car)
    Acquisition fee 925
    Monthly 419.45+27.27 tax = 446.72
    Out of pocket 1300 ( first mont doc fee dmv)
    36/10K

    So the question is this a good deals ?
    Should I consider the first one that has no miles
    Or it's ok Leasing a car with 8k miles
    Thanks
  • MichaellMichaell Moderator Posts: 261,256
    copertino said:

    Hi
    I have 2 deal negotiated with the dealer
    2015 335 GT NEW
    M package
    Nav , driver assist , conveni package
    MSRP 59325
    Selling price 54320
    MF 0.0013
    Residual 65%
    Residual value 38561
    Acquisition fee 925
    Doc fee 589
    36/10K
    Monthly 620 include 6% taxes
    Out of pocket 1444 ( first month , dmv, doc fee)

    The second deal on
    2015 328 GT DEMO 8000 miles
    MSRP 52550
    Selling price 43290
    MF 0.0013
    Residual 65%
    Residual value 32615 ( after 1505 deduction for the 8000 miles on the car)
    Acquisition fee 925
    Monthly 419.45+27.27 tax = 446.72
    Out of pocket 1300 ( first mont doc fee dmv)
    36/10K

    So the question is this a good deals ?
    Should I consider the first one that has no miles
    Or it's ok Leasing a car with 8k miles
    Thanks

    Both are using the base MF, so that's a good start. $170/mo is a big difference between the two deals - that's over $6K for the life of the lease. Is a car with 8000 miles on it worth that much to you? They'll both be under warranty the entire lease term.

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  • copertinocopertino Member Posts: 3
    Thanks Michaell
    I have tow sons that both are interested in the car so I may go with both !!
    I just needed to make sure that I negotiated a good deal on either one.
    I tried to squeeze the dealer for more discount if I go for both , but they said that
    The selling price for either car is under invoice and no room to discount any more
    What you think
    Thanks
  • MichaellMichaell Moderator Posts: 261,256
    copertino said:

    Thanks Michaell
    I have tow sons that both are interested in the car so I may go with both !!
    I just needed to make sure that I negotiated a good deal on either one.
    I tried to squeeze the dealer for more discount if I go for both , but they said that
    The selling price for either car is under invoice and no room to discount any more
    What you think
    Thanks

    I don't track selling prices...

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  • kash922kash922 Member Posts: 16
    Hi-could you tell me whether this is a good deal?

    2015 328 XI
    36/12K lease
    MSRP: $51,550
    Price paid: $45,209

    I see what they are calling gross capitalized cost as $49,442 ($45,209 for vehicle, $235 for tag/registration, $2,730.48 for MD tax, $925 acquisition, and $343 for processing).

    I am unsure what the MF is (I know it can be determined by rent charge which is $4341.54)
    Residual is showing as $32, 992.


    $1000 down (including 1st month payment)
    $551/month (includes all taxes and fees)
  • kash922kash922 Member Posts: 16
    There is an adjusted cap cost of $48,493.66 after the cap reduction of $948.82 ($500 rebate and $448.82 toward the cap out-of-pocket).
  • MichaellMichaell Moderator Posts: 261,256
    kash922 said:

    Hi-could you tell me whether this is a good deal?

    2015 328 XI
    36/12K lease
    MSRP: $51,550
    Price paid: $45,209

    I see what they are calling gross capitalized cost as $49,442 ($45,209 for vehicle, $235 for tag/registration, $2,730.48 for MD tax, $925 acquisition, and $343 for processing).

    I am unsure what the MF is (I know it can be determined by rent charge which is $4341.54)
    Residual is showing as $32, 992.


    $1000 down (including 1st month payment)
    $551/month (includes all taxes and fees)

    kash922 said:

    There is an adjusted cap cost of $48,493.66 after the cap reduction of $948.82 ($500 rebate and $448.82 toward the cap out-of-pocket).

    .00130 and 63% for 36/12.

    Using your MSRP and gross cap cost, I get a payment of $550.19/mo. I'll assume rounding accounts for the difference.

    If you're comfortable with the selling price, only way to make the deal better is to buy down the MF with MSD.

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  • avianohomeavianohome Member Posts: 9
    Hello,

    Does BMW offer a better residual rate to use for a lease between 24-36 months for a 328iX Sedan?
    (What are the current residual rates for Sept- did they change from August?)
    Benz sometimes offers same residual on a 30Month lease as 24 - this makes for a great lease rate.

    Also - mileage per year - It sounds like base residual is for 10k/year - with +1 for 12k and +2 for 15k
    Am I Correct?
  • MichaellMichaell Moderator Posts: 261,256

    Hello,

    Does BMW offer a better residual rate to use for a lease between 24-36 months for a 328iX Sedan?
    (What are the current residual rates for Sept- did they change from August?)
    Benz sometimes offers same residual on a 30Month lease as 24 - this makes for a great lease rate.

    Also - mileage per year - It sounds like base residual is for 10k/year - with +1 for 12k and +2 for 15k
    Am I Correct?

    BMW does not have a program similar to MB in that regard. The best lease term is 36 months.

    The normal numbers are for 15,000 miles per year. Add 2% to the residual for 12K and 3% for 10K.

    Current lease numbers are .00130 and 61% for 36/15 on the 2015 328xi sedan. $1500 buildout cash.

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  • bamabeamer65bamabeamer65 Member Posts: 1
    Hi Michael,

    I’m completely new to the car buying/leasing world as I have never bought from a dealer before so I was hoping for some help.

    My fiance’ and I are looking at getting a BMW 320i, and leaning towards leasing. We are both 26 with combined income of almost $200k. My thinking is that the car we need now (small, good gas milage, etc.) is very different from the car we need in 3 years (likely have kids, so need bigger and different features), so leasing makes more sense than buying — do you agree?

    Also, I’m not following all of these different terms and values used, such as residuals, buildout cash, capitalized cost, etc. These all obviously affect the type of deal you get — can you give me a bit of a crash course in what I need to know for leasing?

    Thanks!
  • kyfdxkyfdx Moderator Posts: 264,084

    Hi Michael,

    I’m completely new to the car buying/leasing world as I have never bought from a dealer before so I was hoping for some help.

    My fiance’ and I are looking at getting a BMW 320i, and leaning towards leasing. We are both 26 with combined income of almost $200k. My thinking is that the car we need now (small, good gas milage, etc.) is very different from the car we need in 3 years (likely have kids, so need bigger and different features), so leasing makes more sense than buying — do you agree?

    Also, I’m not following all of these different terms and values used, such as residuals, buildout cash, capitalized cost, etc. These all obviously affect the type of deal you get — can you give me a bit of a crash course in what I need to know for leasing?

    Thanks!

    http://forums.edmunds.com/discussion/12602/general/x/how-to-calculate-monthly-lease-payments/p1

    http://www.edmunds.com/car-leasing/

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  • ptrkngptrkng Member Posts: 5
    Hello all

    Located in Southern California.
    2015 BMW 320i
    36 months / 10k a year
    Received below quote from local dealer. Please see if this is solid deal or room for improvement.
    MSRP 36855
    Selling 33381
    Money factor 0.00130
    Out of pocket 1995 (including 1st month payment, security deposit and tax, fees)
    Sales tax is 9% and taxed on monthly payement
    $382.95 a month including tax

    Thank you
  • kyfdxkyfdx Moderator Posts: 264,084
    ptrkng said:

    Hello all

    Located in Southern California.
    2015 BMW 320i
    36 months / 10k a year
    Received below quote from local dealer. Please see if this is solid deal or room for improvement.
    MSRP 36855
    Selling 33381
    Money factor 0.00130
    Out of pocket 1995 (including 1st month payment, security deposit and tax, fees)
    Sales tax is 9% and taxed on monthly payement
    $382.95 a month including tax

    Thank you

    .00130 MF and 63% residual. $1500 buildout cash.

    I get $356/mo.+tax, assuming the selling price = net cap cost.

    I don't think there is any security deposit on a BMWFS lease, right now. $925 acquisition fee, maybe?

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  • ptrkngptrkng Member Posts: 5
    Thanks. I will ask for breakdown of the $1995 out of pocket.
    Since there is $1500 buildout case, will it be too much to ask for even lower net cap cost. Say around $32500 range.
  • kyfdxkyfdx Moderator Posts: 264,084
    ptrkng said:

    Thanks. I will ask for breakdown of the $1995 out of pocket.
    Since there is $1500 buildout case, will it be too much to ask for even lower net cap cost. Say around $32500 range.

    Might be some more room, there... can't hurt to try.

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  • leetfeatleetfeat Member Posts: 11
    Hello,

    What is the September MF and residual on a 2015 328i at 12k/yr 36 months and 10k/yr 36 months?

    Thanks.
  • MichaellMichaell Moderator Posts: 261,256
    leetfeat said:

    Hello,

    What is the September MF and residual on a 2015 328i at 12k/yr 36 months and 10k/yr 36 months?

    Thanks.

    .00130 and 63% / 64%. $1500 buildout cash.

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  • arilaril Member Posts: 28
    hello, do you have the mf and residual for 24 mos/12,000 miles and 36 mos/12,000 miles for a 328d wagon and for a 328i gt? thank you
  • MichaellMichaell Moderator Posts: 261,256
    aril said:

    hello, do you have the mf and residual for 24 mos/12,000 miles and 36 mos/12,000 miles for a 328d wagon and for a 328i gt? thank you

    .00130 MF for both cars and both terms

    328d wagon - 69% / 63%. $500 eco credit and $1500 buildout credit
    328i GT - 70% / 64%. $1500 buildout credit

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  • waylonrobertwaylonrobert Member Posts: 11
    edited September 2015
    Can I get September 2015 MF and residual % on 2015 328i 36 mos./10k? I'm seeing base of 0.0130 MF but am seeing 64% and 65% residual in various forums (current quote from dealer shows 65% residual on 2015 328i 36/10).

    Which is accurate? Are dealers allowed to change the residual? Thanks!
  • kristinaelaynekristinaelayne Member Posts: 11
    Is this a good deal? It seems high to me.

    2015 328i 36/10k
    Base $37,500
    Options: Mineral Gray $550 and Driver Assist $950
    Destination and Handling $995
    Total $39,995
    (wheel locks added? $160)
    $40,155

    Selling Price $36,185

    MF 1.3
    Residual 64%

    Bank Fee $925

    Cap Cost Total $37,110

    Monthly plus CA tax 430.52

    Capital Reduction ($0.22)
    Cap Reduction Tax (8%) $6.40
    License & Registration $358.75
    Documentation Fee $80.00
    First Payment $430.52
    Security Deposit $0.00

    Drive Off $875.44

  • kyfdxkyfdx Moderator Posts: 264,084

    Can I get September 2015 MF and residual % on 2015 328i 36 mos./10k? I'm seeing base of 0.0130 MF but am seeing 64% and 65% residual in various forums (current quote from dealer shows 65% residual on 2015 328i 36/10).

    Which is accurate? Are dealers allowed to change the residual? Thanks!

    .00130 MF and 64% residual. $1500 buildout cash.

    65% was for last month.

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  • kyfdxkyfdx Moderator Posts: 264,084

    Is this a good deal? It seems high to me.

    2015 328i 36/10k
    Base $37,500
    Options: Mineral Gray $550 and Driver Assist $950
    Destination and Handling $995
    Total $39,995
    (wheel locks added? $160)
    $40,155

    Selling Price $36,185

    MF 1.3
    Residual 64%

    Bank Fee $925

    Cap Cost Total $37,110

    Monthly plus CA tax 430.52

    Capital Reduction ($0.22)
    Cap Reduction Tax (8%) $6.40
    License & Registration $358.75
    Documentation Fee $80.00
    First Payment $430.52
    Security Deposit $0.00

    Drive Off $875.44

    Looks like your $430/mo. includes tax?

    If so, it's a decent deal. No markups to the money factor.

    You might be able to get $500 more off.. Would save $15/mo. Worth trying.

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  • rat1headrat1head Member Posts: 1
    edited September 2015
    Hi folks,

    I'm in the Bay Area/Northern CA and got this offer thrown at me today for a 335i, 36 months and 15k miles/year.

    My Lease Offer

    I was surprised the salesguy provided me a printout of his screen, but there it is. I removed a couple items specific about the car/dealer.

    0.00170 MF, 61% residual and asking for $6k down to get the monthly payment down to my desired $500/mo payment. I'm not sure I want to put that much down, even though I can.

    Thoughts on this? Thanks for your help!
  • MichaellMichaell Moderator Posts: 261,256
    rat1head said:

    Hi folks,

    I'm in the Bay Area/Northern CA and got this offer thrown at me today for a 335i, 36 months and 15k miles/year.

    My Lease Offer

    I was surprised the salesguy provided me a printout of his screen, but there it is. I removed a couple items specific about the car/dealer.

    0.00170 MF, 61% residual and asking for $6k down to get the monthly payment down to my desired $500/mo payment. I'm not sure I want to put that much down, even though I can.

    Thoughts on this? Thanks for your help!

    Doesn't look like that good of a deal. The .00170 MF is the max allowed - base MF is .00130. And, we don't recommend putting any money down on a lease; if the car is stolen or totaled, you lose that money. You may want to consider MSD to buy down the base MF - 7 are allowed and the effective MF would drop to .00081.

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  • reston8reston8 Member Posts: 5
    Hello- dealer lease offer for 2015 328i x in northern Virginia:
    MFSP: $48,150
    Sell price: $41,475 (includes build-out incentives)
    Upfront: $3,332 ($1908 tax, $499 process fee, $925 acquisition fee)
    15K miles
    MF: .00170
    Lease: $457 with 1st month waived

    Is this a good deal? Thank you
  • kyfdxkyfdx Moderator Posts: 264,084
    reston8 said:

    Hello- dealer lease offer for 2015 328i x in northern Virginia:
    MFSP: $48,150
    Sell price: $41,475 (includes build-out incentives)
    Upfront: $3,332 ($1908 tax, $499 process fee, $925 acquisition fee)
    15K miles
    MF: .00170
    Lease: $457 with 1st month waived

    Is this a good deal? Thank you

    .00130 MF and 61% residual. $1500 buildout cash.

    The money factor markup adds $29/mo. Of course, you have a big discount from MSRP and that might not be achievable with the base MF.

    I'd keep the $3332 in my pocket and take the higher payment. (about $555/mo.)

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  • reston8reston8 Member Posts: 5
    Thank you! Would MSD towards MF apply if I inquired to dealer?
  • kyfdxkyfdx Moderator Posts: 264,084
    reston8 said:

    Thank you! Would MSD towards MF apply if I inquired to dealer?

    Yes.. It's at the dealer's discretion, but very few will turn you down.

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  • josealonsojosealonso Member Posts: 1
    Guys first time leasing! and i would like for you guys to help and see if this is a good deal on a 2015 bmw 320i in florida.

    $279*/month for 36 months.
    • $4,204 Cash due at signing
    ◦ $279 First months payment
    ◦ $3,000 Down payment
    ◦ $0 Security Deposit
    ◦ $925 Acquisition fee
    • Included in payment: $1,500 Build-Out Cash

    - Monthly lease payments of $279.00 for 36 months based on MSRP of $35,345.00.
    - $4,204.00 cash due at signing is based on $3,000.00 down payment, $279.00 first month payment, $925.00 acquisition fee, and $.00 security deposit (not all customers will qualify for security deposit waiver).
    - Tax, title, license, registration and dealer fees are additional fees due at signing.
    - Payments do not include applicable taxes. All figures presented are examples only. Actual MSRP may vary. Lessee responsible for insurance during the lease term and any excess wear and tear as defined in the lease contract, $0.20/mile over 10,000 miles per year and a disposition fee of $350 at lease end.
    - Purchase option at lease end (excluding tax, title, and other government fees) is $22,267.00.
  • kyfdxkyfdx Moderator Posts: 264,084
    That's just a nationally advertised deal. Need to find out what your local dealer is actually offering.

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  • reston8reston8 Member Posts: 5
    I'd appreciate opinion is MSD good to add to deal I've already received comments:

    MSRP: $48,150
    Cap Cost: $41,475
    Upfront Tax/Fee: $3332 (tax/tags-$1908, Acquisition-$925, Process Fee-$499)
    Term/Miles: 36/15k
    MF: .00170
    Monthly Pymt: $459 (First payment waived making 35 payments)
    Upfront MSD: $3,150 (brings MF down to .00121 lowering monthly payment to $422)

    Total upfront costs for me is $6482. Is this a good deal or should I just avoid MSD?
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