Sign In Join 



BMW 3-Series Lease Questions

3185 messages,  Last post on Nov 10, 2009 at 8:28 AM

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


Messages Page 197 of 320
1
...
194
195
196
197
198
199
200
...
320
Prev
Next
Last
Go To Msg #
Search This Discussion

#1954 of 3185
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 3185
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 3185
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 3185
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
#1958 of 3185
Re: residual and money factor [Car_man] by jackals
Dec 19, 2007 (6:53 am)
Reply

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))
#1959 of 3185
residual value and money factor by satishd
Dec 19, 2007 (8:06 am)
Reply
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.
#1960 of 3185
Re: residual value and money factor [satishd] by jackals
Dec 19, 2007 (8:28 am)
Reply

Replying to: satishd (Dec 19, 2007 8:06 am)

residual is based on MSRP, not the selling price. I believe 63% is the value for 36 months and 12,000 miles per year. From the posts here, you should be able to get down to .00165 on the MF.
#1961 of 3185
Re: residual and money factor [jackals] by boomer23
Dec 19, 2007 (5:30 pm)
Reply

Replying to: jackals (Dec 19, 2007 6:53 am)

jackals and satishd, just in case our host doesn't get the chance to get back to you soon enough to make a decision, the December buy rate money factors are as follows for 2 and 3 year leases: (quoted on another forum site).
 
328i and 328xi sedans: .00165
335i and 335xi sedans: .00200
328i and 328xi coupes: .00190
335i and 335xi coupes: .00235
 
If you're a new BMW customer, make one security deposit or you'll pay .00015 higher money factor. Make additional security deposits (up to 7) and you'll lower your money factor by .0007 for each SD.
#1962 of 3185
How do I get out of lease by ledgem81
Dec 19, 2007 (9:15 pm)
Reply
How you doing Car Man and all you BMW drivers? I leased my first car which happens to be an '06 BMW 325i sedan and my lease expires in Feb of '09(14 months to go). I love this car, DO NOT get me wrong. But, is there any way to get out of this lease and into an '08 BMW 328i Coupe lease or do I have to wait for my current lease to expire to the end??? Like I said this is my first lease and I don't know what I am allowed to do.
#1963 of 3185
Re: residual and money factor [boomer23] by jackals
Dec 20, 2007 (2:16 pm)
Reply

Replying to: boomer23 (Dec 19, 2007 5:30 pm)

Thanks boomer23. Ugh, why can't the 335 MF be .00165 as well. We are already paying $10K more over the 328. Why do they fee the need to stick it to us even more?

Messages Page 197 of 320
1
...
194
195
196
197
198
199
200
...
320
Prev
Next
Last
Go To Msg #
Search This Discussion
To POST a message, please Sign In.

New? Join Now!

Forum Tools

Please sign in.
Email Address:

Password:

Forgot Password?

Search Forums

Enter Keyword(s)

Advanced Search

Browse by Vehicle



View All Vehicles
Advertisement
Ask the Community
See What People Are Asking

Browse by Board

Browse by Topic


View All Topics

Today's Chats

Advertisement