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BMW 3-Series Lease Questions

3205 messages,  Last post on Dec 02, 2009 at 11:16 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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#2478 of 3205
by jagg
Sep 23, 2008 (11:48 am)
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I'm looking at a Monaco Blue 2008 335i with Premium, Satellite, Automatic and Ipod.
36 months/12k miles
 
MSRP is $44,970
Cap is $41,593.12
 
$1500 down. Monthly is $569 inc tax.
 
(break down of down payment)
First Monthly Payment....... 569.00
MV FEES..................... 150.00
FL FEE...................... 72.49
ERF......................... 28.95
Cap Reduction Tax .......... 1.23
PRIVATE TAG AGENCY FE....... 20.00
DLR SVC FEE................. 599.00
TAX ON DLR SVC FEE.......... 38.88
+ Cust Cash as Cap Reduction 20.45
Total Drive Off............. 1,500.00
 
Edit: I found these numbers on Bimmerfile:
 
36 Month – Residual 58% of MSRP – .00150 Base Rate
 
Does this sound like a good deal for a 2008 335? My biggest concern is I have 1 month payment left on my 2006 330 and they won't take it over without increasing the lease price.
 
Anyone have a Monaco blue or Terra interior? Any feedback? Thanks guys.
#2479 of 3205
Re: current lease offer for 328i on BMW website [skobola] by bmwleaser
Sep 24, 2008 (12:43 pm)
Reply

Replying to: skobola (Sep 22, 2008 9:25 pm)

thanks for your reply, and the lease offer too !
could you please help me understand the deal on the BMW website,
i.e how is MSRP of 38,200 with residual set at 59% for 36 months,
break down to 409/month and 429/month (without tax) for a 1st time bimmer owner ?
I get the monthly payment of 429/month by using the calculator on leasingguide.com if I use a MF of 0.0011.
Is the MF really that low ?
#2480 of 3205
Re: current lease offer for 328i on BMW website [bmwleaser] by bmwleaser
Sep 24, 2008 (4:41 pm)
Reply

Replying to: bmwleaser (Sep 24, 2008 12:43 pm)

Hi,
Could someone please let me know if this is a good lease deal ? I am planning on buying this car by this weekend.
 
2008 328i (Extra -- automatic transmission, ipod and titanium silver metallic)
MSRP -- 35800 $
Cap cost -- 33,385 $
MF = 0.00155, residual = 59%
 
Deal is 2500$ drive off and 441$/month ( including california state tax of 7.75 %)
 
The monthy paymenty numbers I get from leasingguide are very different from the above. Could someone please share how the monthly payment of 441$ was arrived at ? Is a whole bunch of hidden fees added to the Cap Cost which I am unware of ?
 
Appreciate any help on this
 
thanks
#2481 of 3205
Re: current lease offer for 328i on BMW website [bmwleaser] by bmwleaser
Sep 25, 2008 (7:28 am)
Reply

Replying to: bmwleaser (Sep 24, 2008 4:41 pm)

car_man and kyfdx, what do you think about the lease offer in mssg # 2480 ?
thanks
#2482 of 3205
Re: current lease offer for 328i on BMW website [bmwleaser] by skobola
Sep 25, 2008 (10:20 pm)
Reply

Replying to: bmwleaser (Sep 24, 2008 12:43 pm)

In regard to the offer at BMW's web site, this one requires you to put $2,500 down, which means $3,359 cash due at signing. The difference of $859 is exactly your first payment of $409 and $450 security payment. Of course, in reality all these numbers are worthless, as we all have to pay taxes on these amounts, as well as the acquisition fee and other fees, some of which are negotiable and some are not; for example, acquisition fee is a must. Note that acquisition fee is $625, but BMW FS allows dealers to increase it up to $825. They also allow dealers to make the money factor higher by up to 0.0004, which translates to 0.96% interest rate. I hope that you already know that it is smart to minimize initial payments as much as possible, i.e., out-of-pocket money, which is even more true nowadays when the interest rates (i.e., money factors) are pretty low. Base lease rate for 2008 BMW 328i for September 2008 is .00140, which is 3.36%.
#2483 of 3205
Re: [jagg] 2008 335i by dtr969
Sep 27, 2008 (5:37 am)
Reply

Replying to: jagg (Sep 23, 2008 11:48 am)

I just received the following offer from a socal dealer. Can you anyone confirm the lease rate and tell me if the auto trans credit is still in play?
 
2008 335i
Black Sapphire/Beige Interior
Premium Pkg
Sport Pkg w/paddle shift
Steptronic
Heated Front Seats
 
SRP including destination charge of $825 = $47,050
Selling price = $43,785
15k miles per year
3 year lease
Money Factor - .00145
Residual - 56%
 
Edmunds shows an invoice price of $43,335 including the destination charge. Shoooting for the stars, I pulled the presumed auto trans credit off the invoice price reflected by Edmunds and addded ~$500. The dealer came back saying he would be taking a loss of $1,969.20. If I add the $1,969.20 to my offer of $42,525, I come up with a dealer cost of $44,494.20?
 
Can anyone confirm the invoice and let me know what I'm missing here? I also need to confirm the money factor. I thought it moved from .00140 to .00150 this month.
 
dtr969
#2484 of 3205
Re: current lease offer for 328i on BMW website [bmwleaser] by Car_man HOST
Sep 29, 2008 (4:11 pm)
Reply

Replying to: bmwleaser (Sep 25, 2008 7:28 am)

I'd be happy to, bmwleaser. Let's start with the easy stuff first. BMW Financial Services' buy rate lease money factor for the 2008 328i is currently .00140 for returning BMW FS lessees or those who choose to pay a security deposit at lease signing. This factor increases to the .00155 for non-loyal BMW FS customers who opt to have their security deposit waived. So the money factor looks good.
 
Now onto the other important part, the selling price. I don't know exactly how much of a gap there is between this car's full MSRP and its dealer invoice price, but for now I will assume that it is around $2,700. Add to this the dealer credit for a free automatic transmission that BMW is currently offering on this car, $1,260, and there's a total of around $4,000 to play with. You were quoted a discount of $2,415, which isn't bad...but there's still some room there. Have you tried comparison shopping a little. You might want to give it a shot. Also, try stopping by the "BMW 3-Series Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar cars lately.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2485 of 3205
Re: [jagg] 2008 335i [dtr969] by Car_man HOST
Sep 29, 2008 (4:15 pm)
Reply

Replying to: dtr969 (Sep 27, 2008 5:37 am)

Hi dtr969. It looks like the dealer is trying to mark your car's money factor up slightly on you. BMW Financial Services' current buy rate lease money factor for the 2008 335i is .00120 for returning BMW FS lessees or for non-returning customers who opt to pay a security deposit. Also, BMW FS' base acquisition fee is only $625, not $825 so there's some mark up going on there as well.
 
Through October 31st, BMW is providing its dealers with a $1,260 credit for a free automatic transmission on the '08 3-Series.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2486 of 3205
Re: current lease offer for 328i on BMW website [Car_man] by bmwleaser
Sep 30, 2008 (10:42 am)
Reply

Replying to: Car_man (Sep 29, 2008 4:11 pm)

thanks for your help car_man. I managed to bargain the cap cost of the car down to 3900$ below MSRP which makes my mothly payments 400$ (with tax) and 2500 $ drive off. Is this a good deal for a 328i with auto trans + silver metallic + ipod ?
#2487 of 3205
Re: [jagg] by ltsang1
Sep 30, 2008 (3:37 pm)
Reply

Replying to: jagg (Sep 23, 2008 11:48 am)

The forum provided detail info on others who posted their deals and it was most helpful in my negotiation for my own deal. So, here is my lease deal made yesterday.
  
2008 335i Sedan $48.5 MSRP 36mo/12K - Premium, sport, paddle shifters, steptronic auto, iPod/usb and navigation. Cash out the door $1640 and based monthly payment before tax was $544. Southern California dealership. I believe I did OK. What do you think?

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