- #2008 of 3221
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Re: How do I get out of lease [x021627]
by qbrozen
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Jan 09, 2008 (10:25 am)
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Replying to: x021627 (Jan 09, 2008 7:49 am)
It is actually the lesser of the 2 options. You can either satisfy the contract with the leasing company by paying it off OR you can trade it in, which is basically the same as buying it and selling it to the dealer you are trading at. Obviously, you would take whichever option cost you less money.
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- #2009 of 3221
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Re: Jan MF and residuals [Car_man]
by voldermort
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Jan 09, 2008 (12:22 pm)
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Replying to: Car_man (Jan 09, 2008 4:01 am)
Would you know what the MF and residual would be on a 2008 328xi 36 month with 15 thousand miles a year?
How about on an X5 2008 MF and residual rate for 36month/15 thousand miles a year as a repeat customer?
Please let me know? Greatly appreciate all your help.
Thanks 
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- #2010 of 3221
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Re: Jan MF and residual [ledgem81]
by Car_man HOST
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Jan 10, 2008 (2:19 am)
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Replying to: ledgem81 (Jan 04, 2008 2:16 pm)
I'm that that you like this forum so much, ledgem81. BMW Financial Services' January buy rate lease money factor and residual value for a 36 month lease of a 2008 BMW 328xi Coupe with 15,000 miles per year are .00200 and 58%, respectively. Unfortunately, you are likely going to find that it will be prohibitively expensive for you to get out of your current lease over a year before its scheduled end date.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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- #2011 of 3221
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Re: Money Factor Question [infoseeker1]
by Car_man HOST
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Jan 10, 2008 (2:30 am)
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Replying to: infoseeker1 (Jan 05, 2008 6:37 pm)
Hey Michael. Good questions. The money factors that you have seen mentioned in this discussion are usually BMW's "buy rates." This means that they are the lowest possible money factors that BMW dealers can charge you to lease the vehicle that you are interested in. The reason why community members are so interested in finding out what these buy rates are is that BMW dealers are notorious for marking them up to add additional back-end profit to deals. Consumers who know what the buy rate for the vehicle that they are interested in should be can usually find a dealer that is willing to use it in the calculation of their lease payment.
BMW usually publishes a new lease program every month, but sometimes for most models its new program is virtually identical to the one that it replaced. Unlike some manufacturers' captive finance companies that use a tiered system with different money factors depending upon what one's credit score is, BMW Financial Services' system is essentially pass / fail. Either you qualify for its best money factors or you cannot lease through them.
BMW FS does have a multiple security deposit program. The last time that I looked into it, it allowed lessees to make up to seven additional deposits with each one reducing their vehicles' money factor by .00007. If you have the money to make them, MSDs are a much better way than making a down payment to reduce your vehicle's monthly payment.
BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2008 328i convertible with 15,000 miles per year are .00315 and 73%, respectively. The numbers for an otherwise identical 36 month lease are .00315 and 61%. Its current factor and resid for a 24 month lease of a 2008 335i convertible with 15,000 miles per year are .00315 and 69%. The numbers for an otherwise identical 36 month lease are .00315 and 59%. This lease program is scheduled to run through January 31st.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #2012 of 3221
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Re: Current Lease Factors? [jlsellers]
by Car_man HOST
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Jan 10, 2008 (2:50 am)
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Replying to: jlsellers (Jan 07, 2008 5:48 pm)
Hi jlsellers. Savvy consumers who shop around and who are in an area that has a decent level of competition can almost always negotiate larger dealer discounts than the ones that are used to calculate manufacturers' official advertised payments. Shop around for the lowest selling price that you can get on the 335i or X3 that you want. Also, make sure to stop by the "BMW 3-Series Prices Paid and Buying Experience" and "BMW X3 Prices Paid and Buying Experience" discussions to see how much other community members have paid for similar vehicles lately.
Let's take a look at these vehicles' current lease programs. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 335i Sedan with 15,000 miles per year are .00210 and 61%, respectively. The numbers for an otherwise identical lease of a 2008 BMW X3 are .00270 and 65%.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #2013 of 3221
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Re: for car man or kyfdx [mdkrp]
by Car_man HOST
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Jan 10, 2008 (3:02 am)
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Replying to: mdkrp (Jan 07, 2008 11:18 pm)
Greetings mdkrp. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 BMW 335Ci with 10,000 miles per year are .00245 and 61%, respectively. Unfortunately, I am not personally familiar with how sales tax is calculated on leased vehicles in Arizona, but you may be able to find out by checking one of the following sites: Arizona Department of Revenue or Arizona Department of Transportation - Motor Vehicle Division.
I personally don't have an opinion on the active steering system, but you may find a community member who does by posting your question over in the "BMW 335i 2007+" discussion.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #2014 of 3221
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Re: Lease Question [cpainaz]
by Car_man HOST
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Jan 10, 2008 (3:10 am)
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Replying to: cpainaz (Jan 08, 2008 8:55 pm)
Hi cpainaz. Unfortunately it will likely be fairly expensive for you to get out of your lease a year before its scheduled end date. Individual dealers cannot allow you to terminate your lease early. This is between you and the bank that you are leasing it through. Sure, the dealer that you get your new car from may absorb some of the loss that you would take by getting out of your lease early, but their doing so will only hamper your ability to get a good deal on your new car.
Car_man
Host
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- #2015 of 3221
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Re: How do I get out of lease [x021627]
by Car_man HOST
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Jan 10, 2008 (3:12 am)
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Replying to: x021627 (Jan 09, 2008 7:49 am)
You're right, x021627. If one wants to just waste their remaining lease payments and make them without the benefit of driving their vehicle they can do so. For consumers who have a long time left on their lease, like a year, it is usually less expensive to purchase their vehicle and trade it in than it is to just make all of their remaining monthly payments.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #2016 of 3221
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Re: Jan MF and residuals [voldermort]
by Car_man HOST
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Jan 10, 2008 (3:14 am)
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Replying to: voldermort (Jan 09, 2008 12:22 pm)
I sure do, voldermort, and I would be happy to help you out. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 BMW 328xi Sedan with 15,000 miles per year are .00175 and 61%, respectively. The numbers for an otherwise identical lease of a 2008 BMW X5 3.0si are .00270 and 58%, respectively.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
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- #2017 of 3221
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Re: Jan MF and residuals [Car_man]
by voldermort
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Jan 10, 2008 (2:13 pm)
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Replying to: Car_man (Jan 10, 2008 3:14 am)
Thanks, this will help me when my dealer emails me his quotes. Just one thing I am confused about, why are these numbers important to know to lease a vehicle? Afterall, if we get the dealer to go say $750 over invoice wouldn't that be what we are looking for? Which one is the 'rate' taken from the MSRP? The MF or the residual? And here lies another confusion, the $750 over invoice,( that number agreed on,) is the MF calculated on that? Or is it the residual? In order to get my monthly payments low, which one should I tackle? If I can. I know, I am asking too many questions, but I read whats been written in the Tips and Advice, and read many posts, but still remain confused.
Thank you so much for your help.  
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