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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
3375 messages, Last post on Mar 19, 2010 at 10:59 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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I got an offer from a dealer where I live for a brand new 05 330ci MSRP 43,545 Offered it for 38,900 24 Month Lease 59% residual .0031 Money Factor 12,000 Miles/year It looks like he tried to pass off a good looking price while trying to get his money back on high lease rates. Is 59% good for a new car at 24 months?
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Replying to: passntime (Oct 04, 2005 11:44 am) To answer your question about 59%, that's a pretty middle of the road residual for 24 months, considering it is the very end of the model year. You might also want to look at a 36 month lease on that car since the 12k miles/year residual is 54%. Your payment will probably be $125+ less on a 36 mo. BTW, residual values are not negotiable. They are set by the bank and represent the lease-end value. |
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Replying to: passntime (Oct 04, 2005 11:44 am) In September, the BMWFS buy rates were: 330Ci Coupe Add 2% to Residual Value for 12k mi/yr and 3% for 10k mi/yr on all terms 24 mo/15k mi – 57% Residual Value – Money Factor .00260 Base Rate 36 mo/15k mi – 52% Residual Value – Money Factor .00260 Base Rate So your residual was right but the MF was being jacked up. The October rates may be higher. From a value perpective, a 3yr lease looks better than a 2yr lease on this car. |
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I am looking at a lease on an '06 325i, premium package with xenon headlights. MSRP: $37,120 -- can buy the vehicle for $36,715 (only giving $800 off list price). After dealing with several dealers this is about the going price in Tennessee. My lease is as follows: 36 months; 15,000 miles down payment of $1112.33 Residual value of $22,643.20 Money Factor: 0.0325; residual of 61% (I'm not sure what that means). The salesperson has quoted my payments as $597.80 = tax of $41.85 for a total monthly payment of $639.65. Is this in line with BMW's October lease program? Please contact me as soon as possible as I am probably buying this week. Thanks.
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Hi petesamprs. You don't by any chance play tennis do you  > If you were to lease a 2006 BMW 330i through BMW FS in October for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00225 and 63%, respectively. Car_man Host Smart Shopper / Prices Paid Forums
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Hello passntime. 59% is not a very attractive 24 month, 12,000 miles per year residual value, but the dealer that you are working with does not have the authority to alter BMW Financial Services' published residual value for this car. It can however mark up its money factor. BMW FS' buy rate lease money factor for a 2 year lease of a 2005 330Ci is currently only .00260 with the payment of a security deposit and acquisition fee. It definitely looks as though the factor that you were quoted is being marked up. BMW's lease program on the 2006 330Ci is actually much more attractive right now at .00150 and 69%. If you can negotiate a reasonable selling price on an '06 model that would be the way to go if you want to lease. Car_man Host Smart Shopper / Prices Paid Forums |
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Hi dadkins. Not only are you not being given a very attractive selling price on this car, but the money factor that you were quoted is being marked-up to add additional back-end profit to your deal. I can understand paying $800 under MSRP for this car if that is what the market dictates in your area, but you should try to get the dealer that you get your car from to use BMW Financial Services' buy rate lease money factor of .00250 to calculate your lease payment. You are required to pay a security deposit equivalent to your vehicle's monthly payment rounded up to the nearest $50 increment and BMW FS' $625 acquisition fee to take advantage of this money factor. Using BMW's actual base lease program, an MSRP of $37,120, and a selling price of $36,715, I estimate that this car should have a zero down, pre-tax monthly payment of around $634. With a $1112.33 capitalized cost reduction, your car's monthly payment would drop to around $599.43. Car_man Host Smart Shopper / Prices Paid Forums |
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Any idea on the october numbers on the new 325xi wagon? 36 months - 15K a year? thanks ka |
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Replying to: Car_man (Oct 06, 2005 6:30 am) What is the MF and residual for 2006 BMW 330i for 36 month/10k miles per year? My dealer is not budging off .0027. It seems like that MF (which is based on Sept numbers) has a high-markup...probably to compensate for the $1000 above invoice deal I got. Can I go to BMWFS directly to get a better rate? Thanks.
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Replying to: casio (Oct 06, 2005 2:25 pm)
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