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BMW 3-Series Lease Questions

3183 messages,  Last post on Nov 09, 2009 at 1:31 PM

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

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#1950 of 3183 residual and money factor by jackals Dec 17, 2007 (11:20 am)
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? Replies to this message: Car_man (Dec 19, 2007 2:40 am) jackals (Dec 19, 2007 6:53 am) boomer23 (Dec 19, 2007 5:30 pm) and 3 more... ursamajor (Dec 24, 2007 11:45 pm) jackals (Dec 25, 2007 7:21 am) and 1 more... sraga (Dec 28, 2008 5:31 pm) earth777 (Dec 28, 2008 11:12 pm)
#1952 of 3183 Re: Leasing 328 i [ebro83] by futurebmw Dec 17, 2007 (6:31 pm)
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 3183 leasing a 328xi by maritza2 Dec 18, 2007 (5:33 pm)
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? Replies to this message: kyfdx (Dec 18, 2007 7:46 pm)
#1954 of 3183 Re: leasing a 328xi [maritza2] by kyfdx HOST Dec 18, 2007 (7:46 pm)
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 3183 Re: BMW 328Xi [futurebmw] by Car_man HOST Dec 19, 2007 (2:26 am)
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 3183 Re: Re-Leasing 05 330ci coupe [jpl] by Car_man HOST Dec 19, 2007 (2:34 am)
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 3183 Re: residual and money factor [jackals] by Car_man HOST Dec 19, 2007 (2:40 am)
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 Replies to this message: jackals (Dec 19, 2007 6:53 am) boomer23 (Dec 19, 2007 5:30 pm) jackals (Dec 20, 2007 2:16 pm) and 1 more... kyfdx (Dec 20, 2007 7:19 pm) ursamajor (Dec 24, 2007 11:45 pm) jackals (Dec 25, 2007 7:21 am) ursamajor (Dec 25, 2007 3:18 pm) sraga (Dec 28, 2008 5:31 pm) earth777 (Dec 28, 2008 11:12 pm)
#1958 of 3183 Re: residual and money factor [Car_man] by jackals Dec 19, 2007 (6:53 am)
Replying to: Car_man (Dec 19, 2007 2:40 am) 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   Car_man-   Thanks for the response. You confirmed my doubt about a money factor of .00100. That seems highly unlikely. Looks like most of the people here are intersted in the 328i. I am looking at a 335xi though. Is the money factor still .00165 or does the money factor differ by model? If it is different, do you know what it is for the 335xi?   I posted it in another message but here is the current deal that I've been offered. If I could get a better money factor, I would sign immidiately.   2008 335xi Black Sapphire Metallic / Terra Cold Weather Premium Steptronic Nav Sirius iPod    MSRP - $49,820 Selling price - $46,850 ($2970 off MSRP !!!) Residual (36 mo / 10K miles per mo) - 64% Money Factor - .0020    Monthly payment - $580 Total out of pocket - $3800 ($580 first payment + $600 security deposit + $1,514 tax + $625 acqui. fee + $125 doc fee + $270 registration + sup title fee $188 = $3,902 (he will round it down to $3,800)) Replies to this message: boomer23 (Dec 19, 2007 5:30 pm) jackals (Dec 20, 2007 2:16 pm) cdnpinhead (Dec 20, 2007 4:25 pm) kyfdx (Dec 20, 2007 7:19 pm)
#1959 of 3183 residual value and money factor by satishd Dec 19, 2007 (8:06 am)
I am leasing BMW 328xi sedan and the residual value is 63%. My question is is it 63% of MSRP or selling price. The money factor I was given is 0.00175 and I was told that it can be negotiated down to 0.00165. Could you please tell me where I can find out the official value of the money factor. Thanks. Replies to this message: jackals (Dec 19, 2007 8:28 am)

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