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BMW 3-Series Lease Questions

3182 messages,  Last post on Nov 08, 2009 at 2:11 PM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? BMW, Car Leasing, Sedan, Wagon


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#1948 of 3182
Re: Re-Leasing 05 330ci coupe by jpl
Dec 16, 2007 (11:37 am)
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Hi: Need advice, My lease expires 1/17/07, have 28,300 miles, Love the car, getting older-(63), do not want to go up in payments, but cannot find anything that keeps My interest more than thev BMW (Coupe!!!) Would it be feasible to re-lease the car, buyout is $26,200 , just put $1300 New-Run-Flats on car!! Does BMW work with You on these things, or do They really want the car back????
Also, 1 year left on Maintenance.
                                                                                    Thanks, In Advance
                                                                                                 jpl
#1949 of 3182
Leasing 328 i by ebro83
Dec 17, 2007 (9:42 am)
Reply
Hey guys , I am interested in some feedback. I am currently negotiating a lease for a 2008 328 I. Right now the offer on the table is:
 
MSRP $39,200
 
Selling Price $37,100
 
$0 Down
 
$547 a month
 
36 Months
12k Year
Money Factor .00100
Residual 67%
 
All taxes and fees are rolled into the monthly. Thoughts????
#1950 of 3182
residual and money factor by jackals
Dec 17, 2007 (11:20 am)
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How are people able to negotiate the residual and money factor? I have talked to 4 different dealerships about a lease and every single one of them has told me that for 36 mos and 10K miles the residual is 64%. They all presented the same MF of .00200 also. Each has said that these are directly from BMW Financial Services and they are not negotiable. How are people getting better MFs and residuals?
#1952 of 3182
Re: Leasing 328 i [ebro83] by futurebmw
Dec 17, 2007 (6:31 pm)
Reply

Replying to: ebro83 (Dec 17, 2007 9:42 am)

hey there... that's an AWESOME money factor and residual... which dealership are you getting this rate from?? and what is the car you are getting equipped with?? did you have to negotiate the mf and the residual??
#1953 of 3182
leasing a 328xi by maritza2
Dec 18, 2007 (5:33 pm)
Reply
Hi Car Man & Kyfdx,
I posted my question last week but cant find my own posting to see if it was answered. I'm going to try again.
I got a deal over the phone, but when I calculated the math to figure out my monthly lease payments it came out to $490.33, but the salemen told me $459.46. He also told me the amount due at signing is $2,793 , but I calculated $2,475.69. I cant figure out where is coming up with another $317. I'm a single female & I'm going by myself to try & get a good deal. Please review the figures below & let me know what you think. Thank you.
BMW 328xi, automatic, leatherrette seats, no extra package, 15000miles, 3yr lease.
MSRP $36,350
Residual Value (he said 61%) $22,173.50
Money factor .00165
Due at signing:
1st month $459.46
Security Deposit $0( my BMW lease is up 1-28-08)
Bank fee $625
Title fee $0
Reg. Fee $57.75
License fee $0
Tire recycle fee $12.50
Inspection fee $10.
Documentation fee $45
No cap reduction fee $0
Sales tax $1,265.98
Please let me know what you think. Is he going to come up with other charges when I go in for the signing? Is he not telling me the correct monthly fee, so he can get me in his office & then tell me it's $490, or did I calculate wrong?
#1954 of 3182
Re: leasing a 328xi [maritza2] by kyfdx HOST
Dec 18, 2007 (7:46 pm)
Reply

Replying to: maritza2 (Dec 18, 2007 5:33 pm)

The one figure missing from your calculations is the selling price. You can't figure a lease payment without it..
#1955 of 3182
Re: BMW 328Xi [futurebmw] by Car_man HOST
Dec 19, 2007 (2:26 am)
Reply

Replying to: futurebmw (Dec 15, 2007 10:09 am)

Hi futurebmw. The two main numbers to focus on when negotiating a lease are your vehicle's selling price and the money factor that is used to calculate its monthly payment. The selling prices of vehicles are negotiable, just as if you were paying cash for or financing them. You should be able to get an idea of what sort of price you should pay for this car by stopping by the "BMW 3-Series Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar vehicles lately. Shop around until you find a dealer that's willing to give you a selling price that you are comfortable with and then have that dealer calculate your monthly payment using BMW Financial Services' buy rate lease money factor. BMW FS' current buy rate for a 36 month lease of a 2008 BMW 328i Sedan is .00165 for consumers who pay a security deposit and acquisition fee at lease signing. It is important that you make sure the dealer is using this money factor because BMW dealers are notorious for marking up vehicles' factors to add additional, hidden back-end profit to deals.
 
The money factor that I mentioned above is scheduled to run through January 2nd. It is difficult to say what BMW's new January program for this model will be like. If I was in the market for a new 3-Series, I personally would pull the trigger on it before the end of the year. Dealers will be motivated to squeeze as many vehicles in before the end of the money and calendar year that you should be able to negotiate a pretty good deal.
 
Good luck in your hunt for a new car and let us know if you have any other questions.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1956 of 3182
Re: Re-Leasing 05 330ci coupe [jpl] by Car_man HOST
Dec 19, 2007 (2:34 am)
Reply

Replying to: jpl (Dec 16, 2007 11:37 am)

Hi jpl. There is a decent chance that BMW Financial Services (I assume that this is the bank that you are leasing through) will allow you to extend your current lease for a certain period of time. Give them a call and see what they are willing to do for you. Another avenue that you may want to explore is letting your current lease end and then having a dealer certify your car as a CPO BMW and leasing it through BMW FS again. Normally leasing used vehicles isn't a great idea because of the lack of support that manufacturers provide on used vehicle leases, but BMW's CPO lease program is often pretty decent. This option might be worth looking into.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#1957 of 3182
Re: residual and money factor [jackals] by Car_man HOST
Dec 19, 2007 (2:40 am)
Reply

Replying to: jackals (Dec 17, 2007 11:20 am)

Hi jackals. BMW Financial Services' residual values are set in stone and individual dealer do not have the authority to alter them. BMW dealers are allowed to mark-up BMW FS' buy rate lease money factor to add hidden profit to deals, but they cannot charge less than the buy rate. BMW FS' current buy rate for a 36 month lease of a 2008 BMW 328i is .00165 for consumers who pay a security deposit and acquisition fee at lease signing. If you shop around and confront dealers with this information, you should be able to find one that will use the buy rate to calculate your monthly payment.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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