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BMW 3-Series Lease Questions

3218 messages,  Last post on Dec 03, 2009 at 7:31 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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#2516 of 3218
Re: good deal or not? [swong] by Car_man HOST
Nov 06, 2008 (4:43 am)
Reply

Replying to: swong (Nov 03, 2008 10:32 am)

Hi swong. Over $1,000 under dealer invoice is an excellent selling price for a leased 2008 BMW 328i. Just make sure that the dealer uses BMW Financial Services' current buy rate lease money factor of .00075 to calculate your monthly payment (BMW dealers are notorious for marking money factors up) and you're in business.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2517 of 3218
Buy rate and residuals for November 2008 by trinityklm
Nov 04, 2008 (12:19 pm)
Reply
I'm looking for someone who knows the November buy rate and residual for a 328i xDrive sport wagon. (3 yr. lease with 15,000 miles/year)
 
I think I'm being quoted high at .00236 with the buy rate.
 
Any ammunition would be appreciated!
#2518 of 3218
Buy Rates/Residuals for Nov 2008 on 328i by nc_driver1
Nov 06, 2008 (11:21 am)
Reply
Hi,
I am looking into leasing a 328i model, 2008 or 2009 .
 
Although the current offer on a 2008 328i w premium package seems attractive-$369/mo w $3269 cash due at signing, 30K miles for the life of the lease, I wish I have some additional information to reference to.
 
Therefore, I would very much appreciate any insight about this current offer, the November rates and whether December lease rates are historically better.
 
Thanks so much in advance .
#2519 of 3218
Re: November lease figures [chuckjr] by Car_man HOST
Nov 06, 2008 (4:47 pm)
Reply

Replying to: chuckjr (Nov 04, 2008 8:14 am)

Hi chuck. BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2008 328i Sedan with 12,000 miles per year are .00075 and 63%, respectively. The numbers for an otherwise identical 36 month lease are .00075 and 58%.
 
BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2009 328i Sedan with 12,000 miles per year are .00150 and 70%, respectively. The numbers for an otherwise identical 36 month lease are .00150 and 62%.
 
If you were to lease with only 10,000 miles per year, these cars' residual values would be 1% higher. BMW FS' residual value adders are 2% for 12k leases and 3% for 10k leases.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#2520 of 3218
MF and Residuals on Pre-Owned 328xi by scottyt24
Nov 06, 2008 (4:47 pm)
Reply
Hello-
 
Local dealer has a 328xi that was a demo with about 10,000 miles. While I have not been to see the vehicle, was just curious if anyone knew how lease deals worked with pre-owned cars. I would assume that there is still residual and money factors involved? Any idea on typically how these work?
 
Thanks
#2521 of 3218
Re: help anybody! thanks =) [goldenmeeko] by Car_man HOST
Nov 06, 2008 (4:51 pm)
Reply

Replying to: goldenmeeko (Nov 04, 2008 11:09 am)

Welcome goldenmeeko. You really need to understand how leasing works before negotiating with any dealers. If you don't there is a good chance that you are going to be taken advantage of. The following informative articles that are available here at Edmunds.com will give you an idea of how leasing works: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
 
In short, the best way to get a good deal on a leased vehicle is to negotiate as low a selling price as possible on the car that you are interested in and then have the dealer calculate your monthly payment using its buy rate lease money factor.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2522 of 3218
Re: Buy rate and residuals for November 2008 [trinityklm] by Car_man HOST
Nov 06, 2008 (4:53 pm)
Reply

Replying to: trinityklm (Nov 04, 2008 12:19 pm)

Here you go, trinityklm. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 328xi Wagon with 15,000 miles per year are .00190 and 54%, respectively. It appears as though the dealer that you are working with is marking up your money factor.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2523 of 3218
Re: Buy Rates/Residuals for Nov 2008 on 328i [nc_driver1] by Car_man HOST
Nov 06, 2008 (4:57 pm)
Reply

Replying to: nc_driver1 (Nov 06, 2008 11:21 am)

Hi nc_driver1. As a rule of thumb, savvy consumers who comparison shop in an area that has a decent level off competition are almost always able to beat manufacturers' official advertised lease payments. If I was in the market for a 328i right now, I personally would shoot for a selling price of $500 over dealer invoice and the use of BMW FS's buy rate (.00075) and see what happens.
 
Make sure to stop by the discussion "BMW 3-Series Prices Paid and Buying Experience" for additional feedback on what sort of selling price you should pay on this car right now.
 
Good luck and let us know if you have any other questions.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2524 of 3218
Re: Buy Rates/Residuals for Nov 2008 on 328i [Car_man] by nc_driver1
Nov 07, 2008 (5:06 am)
Reply

Replying to: Car_man (Nov 06, 2008 4:57 pm)

Thanx CarMan.
 
To recap Nov rates: money factor for a 2008 328i is .00075, residual 58% for 36 mo lease w 12k miles/year.
 
Do you expect the December rates to be better than current ones?
 
Thank you again.
#2525 of 3218
Help>>MF & Residual for an 09' 328i by webba
Nov 07, 2008 (7:07 am)
Reply
Car_Man,
 
Do you by any chance have the MF and Residual for a 2009 328i for a 36 month lease with 12K miles/year.
 
Thank you!

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