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BMW 3-Series Lease Questions

3200 messages,  Last post on Nov 25, 2009 at 7:08 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


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#1957 of 3200
Re: residual and money factor [jackals] by Car_man HOST
Dec 19, 2007 (2:40 am)
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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 3200
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 3200
residual value and money factor by satishd
Dec 19, 2007 (8:06 am)
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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 3200
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 3200
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 3200
How do I get out of lease by ledgem81
Dec 19, 2007 (9:15 pm)
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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 3200
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?
#1964 of 3200
Re: residual and money factor [jackals] by cdnpinhead
Dec 20, 2007 (4:25 pm)
Reply

Replying to: jackals (Dec 20, 2007 2:16 pm)

I think it's called supply & demand.
 
They are trying to move 328 sedans. Everything else costs more. Coupe, wagon (my personal favourite), anything with a 335 engine & convertible drivers are invited to grab their collective ankles and. . .
#1965 of 3200
Re: residual and money factor [boomer23] by kyfdx HOST
Dec 20, 2007 (7:19 pm)
Reply

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

You know.. it's really rare for the AWD models to have the same money factor as the RWD models.. Especially across so many different models.
 
I don't remember that ever occurring before..
#1966 of 3200
Re: BMW 328Xi [futurebmw] by mfc1
Dec 24, 2007 (12:57 pm)
Reply

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

futurebmw - i am looking for a similarly equipped 328i in so cal - automatic, premium package, sports package. for a 36 month lease with $0 cap reduction and 15k miles a year. what kind of quotes are you getting? i got quoted appx $570 incl. tax. is that too high?

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