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BMW 3-Series Lease Questions

5172 messages,  Last post on May 24, 2013 at 12:43 AM

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What is this discussion about? BMW, Car Leasing, Sedan, Wagon

Messages Page 490 of 518

#4891 of 5172 Leasing 2013 328i by bmw90

Feb 04, 2013 (3:41 pm)

Hi Carman,
 
I am brand new to BMW and leasing in general. I received the following quote and ran it by some friends that have leased BMW's before and they all think it is too high. I just wanted to see if you think this is a fair deal, or if it is overpriced?
 
I have tried to get them to come down several times, however they are not budging.
 
 Index Description MSRP
  Base Price $36,850.00
 ZPP Premium Package 3,100.00
 ZTP Technology Package 3,100.00
 4AB Dark Burl Walnut Wood Trim 500.00
 4DM Pearl Gloss Chrome Trim Highlight 0.00
 Base Price Discount - Pre 1/2013 Inventory -350.00
   
  Destination and Handling 895.00
 TOTAL AS EQUIPPED $44,095.00
 SELLING PRICE $40,630.00
 Lease Terms
 Lender BMW Financial Services
 Term 36 Months
 Mileage 12,000/year
 Money Factor 1.3
 Residual Factor 62%
   
 Selling Price $40,630.00
 Total Capitalized Cost $40,630.00
 Residual Value $27,338.90
 Total Depreciation $12,295.64
 Capital Reduction $995.46
 Monthly Depreciation $341.55
 Monthly Rent $87.07
 Monthly Payment $428.61
 Tax (7.5%) $32.15
 Monthly Payment + Tax $460.76
 Capital Reduction $995.46
 Cap Reduction Tax (7.5%) $150.03
 License & Registration $388.75
 Bank Fee $925.00
 Documentation Fee $80.00
 First Payment $460.76
 Security Deposit $0.00
 Drive Off $3,000.00
 Trade Equity $0.00
 Rebate $0.00
 Due at Signing $3,000.00
 
Thanks for your help!

#4892 of 5172 2013 12k/year 36 month lease by alvaro319

Feb 05, 2013 (10:30 am)

Car_man,
 
What is the residual value and money factor for a 12k/year, 36 month lease on a 2013 328i. I know they have a $750 incentive for those who currently lease a BMW. Any other incentives?

#4893 of 5172 Re: 2013 12k/year 36 month lease [alvaro319] by alvaro319

Feb 05, 2013 (12:01 pm)

Replying to: alvaro319 (Feb 05, 2013 10:30 am)
never mind, found it....

#4894 of 5172 Re: BMW 328i 40k sticker 10k/yr 36 mo lease [dengineeringya] by Car_man HOST

Feb 06, 2013 (5:24 pm)

Replying to: dengineeringya (Feb 03, 2013 2:10 pm)
Hi dengineeringya. According to my calculations, if you were to lease 2013 BMW 328o Sedan that has an MSRP of $44,020 and a selling price of $39,995 through BMW Financial Services right now for 36-months with 10,000 miles per year, your zero down, pre-tax monthly payment should be around $429 assuming that you qualify for its top credit tier.
 
There's a $1,500 cash incentive on Coupes and Convertibles that are financed through BMW FS this month, but nothing on Sedans.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#4895 of 5172 Re: 2012 BMW 328i (msrp 48,295) $0 down, $658 per month, 36mo/10k [bmw328i_2012] by Car_man HOST

Feb 06, 2013 (5:31 pm)

Replying to: bmw328i_2012 (Feb 04, 2013 12:42 pm)
Hi bmw328i_2012. I personally wouldn't take delivery of this car if I was in your situation. BMW Financial Services' current buy rate lease money factor and residual value for a 36-month lease of a 2012 328i Sedan for someone with your credit score is only .00115. The dealer that you are working with is marking your car's factor up to add additional back-end profit to your deal. This sort of thing is fairly common amongst BMW dealers, but can usually be avoided by savvy consumers who know what the buy rate for their vehicle should be, particularly on leftover models.
 
As far as this car's selling price goes, I'd say that it's right around or perhaps slightly below dealer invoice, but certainly not $2,500 behind cost.
 
I don't think that this is a great deal, particularly on a 2012 model.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#4896 of 5172 Money Factor and Residual value of 2013 328i by alvaro319

Feb 07, 2013 (7:53 am)

Car_man,
 
What is the residual value and money factor for a 12k/year, 36 month lease on a 2013 328i? I know they have a $750 incentive for those who currently lease a BMW. Any other incentives?
 
I had previously asked but thought I found the answer in previous posts but just wanted to double check.
 
Would you shoot for at most $1000 over invoice for final price of this car?
 
Thanks

#4897 of 5172 Re: 2012 BMW 328i (msrp 48,295) $0 down, $658 per month, 36mo/10k [Car_man] by bmw328i_2012

Feb 07, 2013 (1:38 pm)

Replying to: Car_man (Feb 06, 2013 5:31 pm)
Thanks for the advice Car_man!
 
"I personally wouldn't take delivery of this car if I was in your situation."
 
I haven't possessed the car yet because they are updating the software for the past week, but:
 
1) I signed the lease
2) made the first payment
3) BMW Financial Services has me in their database
4) "The car has been titled in your name"
5) "Texas dot has already sent our business office your title paperwork"
 
I assume I have to take delivery of the car at this point. Don't you agree?

#4898 of 5172 Re: Leasing 2013 328i [bmw90] by Car_man HOST

Feb 08, 2013 (8:52 am)

Replying to: bmw90 (Feb 04, 2013 3:41 pm)
Welcome bmw90. For someone who is new to leasing, you certainly have done a thorough job at getting information on this deal. Kudos.
 
The $3,400 discount that you are being given on this car looks good to me. The .00130 money factor looks excellent as well. The dealer is marking up BMW FS, $725 base acquisition fee by $200, but when taken in context of the overall deal (including the low doc fee), that's not a big deal.
 
I personally would skip the $995 capitalized cost reduction, I always advise consumers to go with zero down leases, but it isn't wrong to make one per se.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#4899 of 5172 Re: 2013 12k/year 36 month lease [alvaro319] by Car_man HOST

Feb 08, 2013 (8:55 am)

Replying to: alvaro319 (Feb 05, 2013 10:30 am)
Hi alvaro319. BMW Financial Services' February buy rate lease money factor and residual value for a 36-month lease of a 2013 328i Sedan with 12,000 miles per year are .00130 and 62% for consumers who qualify for its top credit tiers.
 
In addition to the $750 loyalty credit that you mentioned, in February BMW started waiving the first month's payment on leases for loyal customers as well.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

#4900 of 5172 Re: Money Factor and Residual value of 2013 328i [alvaro319] by Car_man HOST

Feb 08, 2013 (9:03 am)

Replying to: alvaro319 (Feb 07, 2013 7:53 am)
Hi alvaro319. I just posted an answer to your earlier question. Please scroll up for my response.
 
If you are in an area that has a decent level of competition, I would say that between $500 and $1,000 over invoice on a 2013 328i Sedan is a good deal.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

Messages Page 490 of 518

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