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Do you have any information on CPO leases? The BMW website refers this as an option but they really don't have any details beyond that it's for 3 and 5 series. I'm assuming that means that they're supporting them?
If you do have info, I'd greatly appreciate knowing what the specifics are for a 2013 335i, 24 month (I assume this would be the most attractive term), 10 or 12k mi/year, and any info you have on how the residuals are calculated.
Do you have any information on CPO leases? The BMW website refers this as an option but they really don't have any details beyond that it's for 3 and 5 series. I'm assuming that means that they're supporting them?
If you do have info, I'd greatly appreciate knowing what the specifics are for a 2013 335i, 24 month (I assume this would be the most attractive term), 10 or 12k mi/year, and any info you have on how the residuals are calculated.
Thanks!!
We have no information on CPO leases from BMW, though I recently read an article that discussed how popular they are becoming. Toyota and Lexus are offering them, as well.
Lease on 2015 320i xdrive with 12k miles on it. with 7 MSDs of $400 = $2800 Zero down monthly coming out to be $368.87 Please advise if these are fair numbers
Lease on 2015 320i xdrive with 12k miles on it. with 7 MSDs of $400 = $2800 Zero down monthly coming out to be $368.87 Please advise if these are fair numbers
Looks like the residual is reduced about $0.25/mile for the current mileage.
I come pretty close to the same numbers. $13,000 off MSRP is pretty good, even considering the $3000 dealer cash and the $3100 residual reduction.
$368/mo. with only MSDs down is really good.
What state, where tax is paid upfront?
Make sure the date of the warranty expiration is after the end of the lease term.
How is this for a new build quote from the dealer? I'm going to be leasing it. I wish I could add one more option and keep the $451.49 payment, but I'd have no idea how to tell the dealer "Do this, or I'm walking." to get the Harmon Kardon speaker upgrade!
Here is everything written on the print out from the dealer...
2016 328i xDrive Sedan (Premium Package / Drive Assistance Package / Navigation System / Heated Front Seats / 18" wheels, model 397) [Melbourne Red Metallic / Burl Walnut Interior / Black with Red Highlight leatherette]
36 months @ 12,000 miles / year MSRP: $48,345 Discount: -$5,780 Sale Price: $42,565 Residual: 63% (61% + 2% at 12k) Residual actual: $30,457.35 Acq Fee: $995 Total Cap Cost: $43,490 Monthly Payment: $451.49
MONEY UP FRONT: $2,071.18 (Tax: $1,422.19, DMV: $100, Tire and Insp Fee: $22.50, Doc Fee: $75, First Payment: $451.49)
MONEY FACTOR: (Discounted to .00121 due to my company partnership with BMW) Buy Rate: .00091 Base MF Buy Rate: .00135 Adjustment to MF: -.00044 Adjusted MF Buy Rate: .00091 Customer MF: .00121 Money Factor Mark-Up: .00030 Reason for adjustment: EXTRA MILES TO 12,000
UNKNOWN SECTION AT THE END OF THE PAPERS (What is this?): Gross: -$2,600 + O/A - U/A: $0 +Acc. Gross: $0 +Svc. Contract Gross: $0 +Reserve: $559.04 = Total Gross: -$2,040.96
Michaell thank you for that information. The dealer is telling me the 0.00135 is the "dealer buy rate" and not the actual rate. I am assuming they are lying? thanks
Michaell thank you for that information. The dealer is telling me the 0.00135 is the "dealer buy rate" and not the actual rate. I am assuming they are lying? thanks
Looking at my numbers, they may not be lying. On my sheet (see previous post) which I just posted, I have .00135 Base MF Buy Rate, too. Then, there are a whole lot of adjustments on mine, making it $.00121. I only have 121 because of my company partnership with BMW. I think the standard is a little different...
Michaell thank you for that information. The dealer is telling me the 0.00135 is the "dealer buy rate" and not the actual rate. I am assuming they are lying? thanks
.00135 is the buy or base rate. Dealers can mark up the rate for extra profit (.00175 max), but you can certainly negotiate for the base rate. Don't let them tell you that it can't be done.
How is this for a new build quote from the dealer? I'm going to be leasing it. I wish I could add one more option and keep the $451.49 payment, but I'd have no idea how to tell the dealer "Do this, or I'm walking." to get the Harmon Kardon speaker upgrade!
Here is everything written on the print out from the dealer...
2016 328i xDrive Sedan (Premium Package / Drive Assistance Package / Navigation System / Heated Front Seats / 18" wheels, model 397) [Melbourne Red Metallic / Burl Walnut Interior / Black with Red Highlight leatherette]
36 months @ 12,000 miles / year MSRP: $48,345 Discount: -$5,780 Sale Price: $42,565 Residual: 63% (61% + 2% at 12k) Residual actual: $30,457.35 Acq Fee: $995 Total Cap Cost: $43,490 Monthly Payment: $451.49
MONEY UP FRONT: $2,071.18 (Tax: $1,422.19, DMV: $100, Tire and Insp Fee: $22.50, Doc Fee: $75, First Payment: $451.49)
MONEY FACTOR: (Discounted to .00121 due to my company partnership with BMW) Buy Rate: .00091 Base MF Buy Rate: .00135 Adjustment to MF: -.00044 Adjusted MF Buy Rate: .00091 Customer MF: .00121 Money Factor Mark-Up: .00030 Reason for adjustment: EXTRA MILES TO 12,000
UNKNOWN SECTION AT THE END OF THE PAPERS (What is this?): Gross: -$2,600 + O/A - U/A: $0 +Acc. Gross: $0 +Svc. Contract Gross: $0 +Reserve: $559.04 = Total Gross: -$2,040.96
Okay.. your company gets a .00044 discount, but the dealer is then marking it back up by .00030, for extra profit.
The stuff at the end has to do with dealer profit, but it's irrelevant to your deal.
Acquisition fee is still $925, I think.. not $995
It's a good deal. Could be even better without the money factor markup.
Hello -- looking for residual for 36/15 -- is it 61%?
Also regarding the MF... I see it's gone up to .00138. Safe to assume this can be negotiated with the dealer?
Thank you!
Generally no. These are set at the regional or national level. The dealer may try to mark up the money factor from this base in which case you could negotiate it back down, but the listed factor is the best it's going to get.
Hello -- looking for residual for 36/15 -- is it 61%?
Also regarding the MF... I see it's gone up to .00138. Safe to assume this can be negotiated with the dealer?
Thank you!
Generally no. These are set at the regional or national level. The dealer may try to mark up the money factor from this base in which case you could negotiate it back down, but the listed factor is the best it's going to get.
I was offered a owner's choice program lease with BMW in Georgia. This is for a new 2016 BMW 320i rear-wheel drive with the following packages: premium package, driver's assistance package, and navigation system.
The MSRP as listed on the website is $43,000.
Owner's advantage term is 36 month/10 miles per year.
The total down would just be document and taxes up front (Georgia TAVT) so this would equal $3,319 up front.
I was offered a owner's choice program lease with BMW in Georgia. This is for a new 2016 BMW 320i rear-wheel drive with the following packages: premium package, driver's assistance package, and navigation system.
The MSRP as listed on the website is $43,000.
Owner's advantage term is 36 month/10 miles per year.
The total down would just be document and taxes up front (Georgia TAVT) so this would equal $3,319 up front.
The monthly payment would then be $320.
Is this a good deal? Thanks
Owners Choice is different than a lease - it is a 'balloon' program.
Find out why the dealer is promoting this option over a traditional lease.
We don't have any good information on the OC program from BMW.
Thank you for your response. Because Georgia has wonky car tax laws (full 7% tax on car value whether you purchase or lease), the Owner's Choice Program is often promoted. My understanding, at least in Georgia, is that at the end of the "lease term," you can either purchase the car and refinance the balloon, or return the car to the dealership with no fee, as per a traditional lease.
Thank you for your response. Because Georgia has wonky car tax laws (full 7% tax on car value whether you purchase or lease), the Owner's Choice Program is often promoted. My understanding, at least in Georgia, is that at the end of the "lease term," you can either purchase the car and refinance the balloon, or return the car to the dealership with no fee, as per a traditional lease.
Yeah, but that's not really different than a traditional lease. Not sure I get the benefits of the OC program, other than the car is titled in your name, not the banks.
1) you still pay the ad valorem tax on the full selling price 2) you have the option of buying the car at the end of the term 3) you have the option of returning the car at the end of the term
Hi Michael,
Thank you for your response. Because Georgia has wonky car tax laws (full 7% tax on car value whether you purchase or lease), the Owner's Choice Program is often promoted. My understanding, at least in Georgia, is that at the end of the "lease term," you can either purchase the car and refinance the balloon, or return the car to the dealership with no fee, as per a traditional lease.
Yeah, but that's not really different than a traditional lease. Not sure I get the benefits of the OC program, other than the car is titled in your name, not the banks.
1) you still pay the ad valorem tax on the full selling price
2) you have the option of buying the car at the end of the term
3) you have the option of returning the car at the end of the term
I also believe there are similar programs from places like PenFed that offer lower rates than BMWFS so be sure to be thorough if that's the route you end up going.
You are correct...but if I purchase the car at the end of the Owner's Choice plan, I do not have to pay tax again on the residual....With a normal lease in Georgia, you have to pay tax 2x if you purchase at end of lease.
All of this aside, even if you look at it as a standard lease, would you consider the offer competitive?
You are correct...but if I purchase the car at the end of the Owner's Choice plan, I do not have to pay tax again on the residual....With a normal lease in Georgia, you have to pay tax 2x if you purchase at end of lease.
All of this aside, even if you look at it as a standard lease, would you consider the offer competitive?
Ah. Got it.
What is the cap cost after taxes and fees are added to the negotiated selling price?
You are correct...but if I purchase the car at the end of the Owner's Choice plan, I do not have to pay tax again on the residual....With a normal lease in Georgia, you have to pay tax 2x if you purchase at end of lease.
All of this aside, even if you look at it as a standard lease, would you consider the offer competitive?
Correct.. plus, don't you get a trade-in credit towards taxes, since the car is in your name?
Comments
If you do have info, I'd greatly appreciate knowing what the specifics are for a 2013 335i, 24 month (I assume this would be the most attractive term), 10 or 12k mi/year, and any info you have on how the residuals are calculated.
Thanks!!
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with 7 MSDs of $400 = $2800
Zero down
monthly coming out to be $368.87
Please advise if these are fair numbers
I come pretty close to the same numbers. $13,000 off MSRP is pretty good, even considering the $3000 dealer cash and the $3100 residual reduction.
$368/mo. with only MSDs down is really good.
What state, where tax is paid upfront?
Make sure the date of the warranty expiration is after the end of the lease term.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Here is everything written on the print out from the dealer...
2016 328i xDrive Sedan
(Premium Package / Drive Assistance Package / Navigation System / Heated Front Seats / 18" wheels, model 397)
[Melbourne Red Metallic / Burl Walnut Interior / Black with Red Highlight leatherette]
36 months @ 12,000 miles / year
MSRP: $48,345
Discount: -$5,780
Sale Price: $42,565
Residual: 63% (61% + 2% at 12k)
Residual actual: $30,457.35
Acq Fee: $995
Total Cap Cost: $43,490
Monthly Payment: $451.49
MONEY UP FRONT: $2,071.18 (Tax: $1,422.19, DMV: $100, Tire and Insp Fee: $22.50, Doc Fee: $75, First Payment: $451.49)
MONEY FACTOR: (Discounted to .00121 due to my company partnership with BMW)
Buy Rate: .00091
Base MF Buy Rate: .00135
Adjustment to MF: -.00044
Adjusted MF Buy Rate: .00091
Customer MF: .00121
Money Factor Mark-Up: .00030
Reason for adjustment: EXTRA MILES TO 12,000
UNKNOWN SECTION AT THE END OF THE PAPERS (What is this?): Gross: -$2,600 + O/A - U/A: $0 +Acc. Gross: $0 +Svc. Contract Gross: $0 +Reserve: $559.04 = Total Gross: -$2,040.96
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The stuff at the end has to do with dealer profit, but it's irrelevant to your deal.
Acquisition fee is still $925, I think.. not $995
It's a good deal. Could be even better without the money factor markup.
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.00135 and 64%
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Thanks
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
No 2017 3-series availability is known to us at this time.
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No info on 2017 models
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Can i have residual, MF, and incentives for a 328i and 340i, both M Sport. South Florida Area.
24/10
24/12
36/10
36/12
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Also regarding the MF... I see it's gone up to .00138. Safe to assume this can be negotiated with the dealer?
Thank you!
.00138 is the base rate this month; cannot negotiate it lower, can only use MSD to buy it down.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Looking for updated May numbers for the 330e 36/10k and 36/12k?
Also, are there any lease credits/incentives on the 330e? If they are regional I am in Iowa.
Thanks!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I was offered a owner's choice program lease with BMW in Georgia. This is for a new 2016 BMW 320i rear-wheel drive with the following packages: premium package, driver's assistance package, and navigation system.
The MSRP as listed on the website is $43,000.
Owner's advantage term is 36 month/10 miles per year.
The total down would just be document and taxes up front (Georgia TAVT) so this would equal $3,319 up front.
The monthly payment would then be $320.
Is this a good deal?
Thanks
Find out why the dealer is promoting this option over a traditional lease.
We don't have any good information on the OC program from BMW.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thank you for your response. Because Georgia has wonky car tax laws (full 7% tax on car value whether you purchase or lease), the Owner's Choice Program is often promoted. My understanding, at least in Georgia, is that at the end of the "lease term," you can either purchase the car and refinance the balloon, or return the car to the dealership with no fee, as per a traditional lease.
1) you still pay the ad valorem tax on the full selling price
2) you have the option of buying the car at the end of the term
3) you have the option of returning the car at the end of the term
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You are correct...but if I purchase the car at the end of the Owner's Choice plan, I do not have to pay tax again on the residual....With a normal lease in Georgia, you have to pay tax 2x if you purchase at end of lease.
All of this aside, even if you look at it as a standard lease, would you consider the offer competitive?
What is the cap cost after taxes and fees are added to the negotiated selling price?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Discount: $5011
Adjusted sale price is $35,540 + $3319 in taxes/fees = $38,859
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
36/15
or
30/15
Thank you in advance
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