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BMW 3-Series Lease Questions

3222 messages,  Last post on Dec 06, 2009 at 9:54 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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#2940 of 3222
What is an "Inception Fee Deficiency"? by ldm616
Jul 31, 2009 (10:44 am)
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#2941 of 3222
Re: July 335i lease numbers [rjg001] by ldm616
Jul 31, 2009 (10:57 am)
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Replying to: rjg001 (Jul 07, 2009 2:32 pm)

Thanks for posting. Where do these come from? Are they 100% accurate? Do they vary by state (I'm in WA). Thanks!
#2942 of 3222
Re: July 335i lease numbers [ctm1] by crocodiletears
Jul 31, 2009 (11:06 am)
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Replying to: ctm1 (Jul 29, 2009 2:16 pm)

you can do better. i did a deal two weeks ago. the selling price looks good. check the money factor and residual. seems like you're getting screwed there. it might added dealer profit or your credit.
 
my cap cost is nearly 5k more than yours but when money down is factored in, i pay 5 dollars more a month than you. then add the difference in allowable mileage which is approx 25 dollars. so my payment with all things being equal would be 30 dollars a month more than yours despite my cap cost being 5k higher. rule of thumb for every 1000 dollars negotiated it's about a 30 to 40 dollars a month difference in the lease depending on money factor and residual. so in my opinion you're paying over 100-120 more than you should be. when i see 38k for cap cost i'm thinking high 400s for your payment considering 15k a year..
 
this was my deal at mckenna in oc.
 
msrp was 48.3
cap cost 43.4
  
drive off 1500-they gave me 1000 cash
  
monthly payment 580
  
residual 61 percent
  
36 month 36k
  
alpine white with coral red interior, dark burl walnut.
  
sport, premium, cold weather, navi, sat radio, and steptronic
#2943 of 3222
Is this a good deal on a 2009 335i convertible? by ldm616
Jul 31, 2009 (3:02 pm)
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2 questions:
 
1) Am I getting a good price on the vehicle?
2) Am I getting a good lease?
 

New 2009 BMW 3-SERIES 0946 2dr Conv 335i
 
Includes: Metallic paint; Nav system; Premium Package; Sport Package; STEPTRONIC; Cold Weather Package; Comfort Access; iPod/USB; Sport Steering Wheel;
 
Edmunds says TMV is $57,968 tho ignores paint at $500 cost to dealer. Cars.com target price is $58,065. I'm having the alarm installed which dealer wants $895 for. I've got dealer to $58,736.68. See lease details below.
 
Looks like dealer is using .00220 for the MF (marked up from .00180).
 
Lease info:
----------------
 
State: WA County: KING
Lease Term: 36
Total Payment: 920.65
Out of Pocket: 4,270.90
MSRP: 60,150.00
Residual: 34,887.00
Mileage: 12,000
 

 
     
Federal Consumer Leasing Act Disclosures (REG-M)
 
Amount due at lease signing (itemized below): 4,270.90
Total of Payments: 35,543.65
Customer State: Washington
Customer County: KING
Itemization of Payment
Agreed Value: 58,736.68
a) Gross Capital Cost 58,736.68
b) Capital Cost Reduction -1,000.00
c) Adjusted Capital Cost 57,736.68
d) Residual 34,887.00
e) Depreciation Charge 22,849.68
f) Rent Charge 7,335.60
g) Total of base MP 30,185.28
h) Lease Term 36
i) Base MP 838.48
j) Monthly Tax 82.17
k) Personal Prop Tax 0.00
l) Excise Tax 0.00
m) Other Amounts 0.00
n) Total MP 920.65
Itemization of Gross Capital Cost
a) Agreed Value: 58,736.68
b) AcquisitionFee 0.00
c) GAP Insurance 0.00
d) Document Fee 0.00
e) Warranty 0.00
f) Upfront Sales Tax 0.00
g) Service Tax 0.00
h) Cash Down Tax 0.00
i) Trade In Tax 0.00
j) Finance Tax 0.00
k) Tire Tax 0.00
l) Lic., Insp., Title, Reg. Fees 0.00
m) Other Fees 0.00
n) Total Capital Cost 58,736.68

Itemization of Amount Due at Signing
a) Total Capital Cost Reduction 1,000.00
  -Cap Reduction (Cash) 0.00
  -Rebates 1,000.00
  -Trade-In 0.00
b) Tax on Capital Cost Red. 98.00
c) First Monthly Payment 920.65
d) Last Monthly Payment(s) 0.00
e) Refundable Security Deposit 950.00
f) Acquisition Fee 925.00
g) Gap Insurance 0.00
h) Documentation Fee 0.00
i) Monthly Tax (Upfront) 0.00
j) Upfront Tax (not in Capital Cost) 0.00
k) Service Tax (not in Capital Cost) 0.00
l) Tire Tax (not in Capital Cost) 0.00
m) Lic., Insp., Title, Reg. Fees 227.25
n) Other Fees 150.00
o) Total Due at Signing 4,270.90
How the Amount Due at Signing will be Paid
a) Net Trade-In Value 0.00
b) Rebates/Credits 1,000.00
c) Amount Paid in Cash 3,270.90
d) Total Due at Signing 4,270.90
Mileage Allowance
The monthly payment and residual for this lease has been calculated using the following mileage allowance. You are allowed to drive 12,000 per year, 1,000 miles per month. If you exceed the mileage allowance for the lease term and do not purchase the Vehicle, you will pay 0.20 for each excess mile.
#2944 of 3222
Re: Is this a good deal on a 2009 335i convertible? [ldm616] by crocodiletears
Jul 31, 2009 (10:14 pm)
Reply

Replying to: ldm616 (Jul 31, 2009 3:02 pm)

terrible lease. for 920 plus the nearly 100 dollars a month you put down for other costs, you can get a porsche carrera. you should be able to hammer at least 4k or more off of them. email some southern cali dealers where there are a glut of convertibles and general stock.
#2945 of 3222
Re: Is this a good deal on a 2009 335i convertible? [crocodiletears] by ldm616
Aug 01, 2009 (6:04 am)
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Replying to: crocodiletears (Jul 31, 2009 10:14 pm)

Thanks for the reply. What' so bad? The selling price is in line with Edmunds TMV. And the MF is not that different from BMW's base rate. Where am I getting screwed? What should I be paying in your opinion? Thanks...
#2946 of 3222
Money Factor and Residual Value in August by photographer
Aug 02, 2009 (11:32 pm)
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I'm looking for 2009 BMW 328i Coupe in California and get really weird lease quotes from dealers. I want to try to calculate my monthly payment by myself. Does anyone know the Money Factor and Residual Value in August for 36 month lease and 12K miles per year?
 
Or could you help to calculate:
MSRP: 43,000
Term: 36 month
Miles per Year: 12,000
Down Payment: $2,000
 
Thanks in advance.
#2947 of 3222
Re: 36 month lease [crocodiletears] by Car_man HOST
Aug 03, 2009 (2:40 am)
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Replying to: crocodiletears (Jul 14, 2009 7:03 am)

Hi crocodiletears. The most likely explanation for your being quoted a higher money factor is that you are a non-returning BMW FS customer who wishes to have the security deposit waived on their lease. BMW FS will waive its security deposit requirement, the monthly payment rounded up to the nearest $50 increment to be paid at lease signing, in exchange for a .00015 money factor increase.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2948 of 3222
Re: '09 M3 residual value and money factor [vz09] by Car_man HOST
Aug 03, 2009 (2:51 am)
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Replying to: vz09 (Jul 14, 2009 5:09 pm)

Hello vz09. The money factor that you were quoted for the M3 that you are interested in looks about right. BMW is not currently providing any lease support on the M3s. As a result, if you were to lease one through BMW Financial Services, you would have to use its standard lease program.
 
The 54% residual value that you were quoted actually looks a little high to me. BMW's resids on M3s are pretty bad right now.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#2949 of 3222
Re: 328xi coupe incentives [mlong9876] by Car_man HOST
Aug 03, 2009 (3:01 am)
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Replying to: mlong9876 (Jul 17, 2009 7:54 am)

Hi mlong9876. BMW is currently providing $1,000 owner loyalty cash on the 2009 328xi Coupe. The money factors that you mentioned are correct. BMW's July lease program was scheduled to run through the end of August, but if it was going to introduce any unscheduled revisions to its program they likely would be announced this afternoon. I'll ask around and see if anything has changed.
 
Let's work up a couple of sample lease payments on this car for you using the latest program info that I've seen. According to my calculations, if you were to lease a 2009 BMW 328xi Coupe that has an MSRP of $43,900 and a selling price of $39,965 ($500 over invoice minus the loyalty cash) 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 $596. The payment for an otherwise identical 24 month lease would be around $622.
 
Normally lessees do not receive any sort of refund for unused miles.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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