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BMW 3-Series Lease Questions

3219 messages,  Last post on Dec 05, 2009 at 7:06 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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#2125 of 3219
Re: MF for 328xi [irishprincess] by Car_man HOST
Feb 12, 2008 (3:29 am)
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Replying to: irishprincess (Feb 04, 2008 4:19 pm)

Greetings Stacie. You never mentioned how long you want to lease for or what mileage allowance you need. For now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. BMW Financial Services' February buy rate lease money factor and residual value for a 36 month lease of a 2008 BMW 328xi with 15,000 miles per year are .00175 and 61%, respectively assuming that you pay a security deposit at lease signing.
 
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Prices Paid: Buying & Leasing Experiences Forum
#2126 of 3219
Re: 08 328i Coupe MF and Residual Values for Feb [joeko23] by Car_man HOST
Feb 12, 2008 (3:34 am)
Reply

Replying to: joeko23 (Feb 06, 2008 9:21 am)

Here's the information that you're looking for, joeko23. BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2008 BMW 328i Coupe with 10,000 miles per year are .00200 and 71%, respectively assuming that you pay a security deposit at lease signing. The numbers for an otherwise identical 36 month lease are .00200 and 61%.
 
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Prices Paid: Buying & Leasing Experiences Forum
#2127 of 3219
Re: first BMW lease - please help! [icehawks18] by Car_man HOST
Feb 12, 2008 (3:48 am)
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Replying to: icehawks18 (Feb 06, 2008 9:22 pm)

Hi icehawks18. I completely agree that if you are in an area that has a decent level of competition and you are not too picky about the specific combination of color and options that you want that you definitely should be able to do better than a $1,200 discount on a 2008 BMW 335i Sedan. Have you tried stopping by the KarenS, "BMW 3-Series Prices Paid and Buying Experience" #, 5 Sep 2002 4:08 am discussion? If not, make sure to visit it. Between there and here I am sure that you will see a number of community members getting larger discounts than this.
 
As far as what you will have to pay at lease signing goes, you will have to pay your car's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $50 increment (unless you are a returning BMW FS lessee), BMW FS' $625 acquisition fee, any capitalized cost reduction that you choose to make (ideally this should be $0), and any required state taxes or fees.
 
While it doesn't technically make a difference in terns of the lease program that you get, dealers are usually much more anxious to move a unit that they physically have on their lot than they are to order one for a customers. There are two main reasons for this. The first is as the old saying goes, "a bird in hand is worth two in the bush." A dealer would rather seal a deal immediately than risk having it fall apart as a customer waits for their ordered vehicle to arrive. The other main reason is that dealers are constantly paying floorplan interest on the vehicles that they have in inventory. The sooner they sell them, the sooner the can stop paying this interest. As a result, consumers are usually able to get better deals on vehicles that dealers physically have in inventory than on ordered units.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2128 of 3219
Looking for best lease deals for 2008 335i Coupe and 335i Convertible by nm_socal
Feb 13, 2008 (12:30 am)
Reply
Looking to get the car by February month-end. Am based in Southern California. Looking to lease for 36 months, with 15k miles. Will consider $2,000 down. A+ credit.
 
* 2008 335i Coupe
* Premium Package (manual transmission)
* Sport Package
* iPod
* Metallic paint
* Exterior Color: graphite grey
 
Prices (per Edmunds):
 
======== Coupe ============
MSRP: $40,800 + options = $46,100
Invoice: $37,535 + options = $42,425
 
======== Convertible ============
MSRP: $49,100 + options = $53,600
Invoice: $45,170 + options = $49,335
 
Target price (are these possible?):
Coupe: $2,000 down, $500/month + tax
Convertible: $2,000 down, $620/month + tax
 
Can someone please post the residual and money factors for these cars? Can any dealer offer some specific deals? I am in Southern California, but am willing to drive to Northern California, San Diego or Phoenix
 
Thanks.
#2129 of 3219
Re: lease to Canada [tab5] by Car_man HOST
Feb 13, 2008 (2:41 am)
Reply

Replying to: tab5 (Feb 09, 2008 8:51 am)

Hi tab5. You might be able to find a U.S. dealer who would be willing to sell you a car that you could bring to Canada, but I highly doubt that BMW Financial Services will lease vehicles from the U.S. to Canadians.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2130 of 3219
Re: How Does This deal Sound? [scrammy] by Car_man HOST
Feb 13, 2008 (2:46 am)
Reply

Replying to: scrammy (Feb 10, 2008 11:53 am)

Hi scrammy. The money factor that you were quoted looks good. It is right in line with BMW Financial Services' current buy rate for this model. Is the $34,000 that you mentioned this car's selling price? If so, what is its MSRP? You need to determine either how much of a discount you are being given on this car or how much over dealer invoice its selling price is. The selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. If I was in the market for an '08 328i right now, I personally would shoot for around $500 over dealer invoice and see what happens. You can look up your car's invoice price over in the New Vehicle Pricing section of Edmunds.com.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2131 of 3219
Re: Looking for best lease deals for 2008 335i Coupe and 335i Convertible [ by Car_man HOST
Feb 13, 2008 (3:03 am)
Reply

Replying to: nm_socal (Feb 13, 2008 12:30 am)

Hi nm_socal. Let's crunch some numbers and see what sort of payments this car would have. According to my calculations, if you were to lease a 2008 BMW 335i Coupe that has an MSRP of $46,100 and a selling price of $42,925 ($500 over dealer invoice, which represents a very good deal) through BMW Financial Services right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $621, assuming that you are a returning BMW FS lessee or pay a security deposit at lease signing. I calculated a zero down lease because it is in your best interest to put as little money down as possible when leasing. As you can see, this payment is quite a bit higher than what you were looking for even after assuming a very thin deal. I used a money factor and residual value of .00245 and 58% to calculate this payment.
 
Let's work up a payment on the convertible now. According to my calculations, if you were to lease a 2008 BMW 335i Convertible that has an MSRP of $53,600 and a selling price of $49,835 (again $500 over invoice, which might not even be attainable) through BMW Financial Services right now for 36 months with 15,000 miles per year, your zero down, pre-tax monthly payment would be around $730. Again, this is higher than you were hoping for. I used a money factor and residual value of .00275 and 59% to calculate this payment.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2132 of 3219
328xi Lease Help by cgpublic
Feb 14, 2008 (12:39 pm)
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Hi, everyone. I placed an order in December to lease a BMW 328xi sedan with a MSRP of 43,575 including the $775 destination & handling fee. The terms are for 36 months and 12K miles per year. We negotiated a capitalized cost is $41,290, which is approximately 1K over invoice. Now that I am about to take delivery, what should my pre-tax, pre-fee monthly payment represent given the present BMW MF and residual? Other than taxes, what other fees do I need to watch out for given I am transferring my plates? Thanks in advance!
#2133 of 3219
press request by kirstie_h HOST
Feb 14, 2008 (5:23 pm)
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A national newspaper is looking to speak to consumers who recently purchased or leased a new vehicle because of a good deal they found, whether it was low APR (financing), lease specials, rebates or other incentives. Please respond no later than Feb. 19 with your daytime contact information to Chintan Talati at ctalatiedmunds.com.
#2134 of 3219
Please check lease math by msruckus
Feb 15, 2008 (5:56 pm)
Reply
I am buying a 335i convertible via ED.
 
MSRP (including destination) $54520
Cap Cost (ED invoice + Dealer profit) + 6.25% (must pay tax on total in TX) $51382
Cap Reduction: $1580
Residual 59% for 15k miles/year
Term 36 months
MF: [.00275+.0007(max dealer markup agreed upon)] - .00049 for MSDs = .00296
 
I get lease payments of $730. This is not what dealer just sent to me.
 
Am I missing something? i used the lease calculator on autoleaseadvisers.com
 
Thanks in advance.

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