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BMW 1-Series Lease Questions

230 messages,  Last post on Jun 10, 2013 at 10:34 PM

You are in the Prices Paid - Buying & Leasing Experiences Forum.

What is this discussion about? BMW 1 Series, Car Buying, Car Leasing, Coupe, Convertible

Messages Page 11 of 23

#100 of 230 Re: Money Factor and Residual Value for 2011 128i lease [emiami] by dwynne

Jul 27, 2010 (11:04 am)

Replying to: emiami (Jul 27, 2010 10:52 am)
The 128 coupe MF is 0.00180 (convertible is 0.00210) - this is for top tier and is the buy rate. BMW dealers almost always mark the rate up for extra profit. They usually mark up the acquisition fee as well.
 
The residual is set by BMWFS and can't be changed by the dealer, so whatever they use has to be the right number or the lease will not fund. Looks like it is 64% on a 10k lease (a whopping 68% for the convertible).
 
Negotiate the selling price of the car first - most folks seem to be getting about half way between invoice and MSRP - then worry about the lease numbers. Learn how to figure a lease payment as well and always run the numbers yourself based on your negotiated selling price.

#101 of 230 Re: Lease Question... [dwynne] by rkdiddy

Jul 27, 2010 (2:08 pm)

Replying to: dwynne (Jul 26, 2010 5:30 pm)
Thank you for the information.
 
You're correct, the 24 month and 36 month monthly payments were reversed.
 
I'm located in Orange County, CA.
 
Thanks again!

#102 of 230 Re: july MF & Resid 128 Convertible [nypayman] by Car_man HOST

Jul 29, 2010 (3:23 am)

Replying to: nypayman (Jul 12, 2010 8:16 am)
Hi nypayman. BMW Financial Services' July buy rate lease money factor and residual value for a 36 month lease of a 2010 128i Convertible with 10,000 miles per year are .00215 and 59%, respectively for consumers who qualify for its top credit tiers.
 
When negotiating your lease on this car, make sure to take advantage of the $1,500 dealer cash that is currently available on it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#103 of 230 Re: Money Factor and Residual Value for 2011 128i lease [emiami] by Car_man HOST

Jul 29, 2010 (3:25 am)

Replying to: emiami (Jul 27, 2010 10:52 am)
Welcome eMiami. I'm glad that you've heard good things about this forum. Here's the information that you're looking for.
 
BMW Financial Services' July buy rate lease money factor and residual value for a 36 month lease of a 2011 128i Coupe with 10,000 miles per year are .00180 and 61%, respectively for consumers who qualify for its top credit tiers.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#104 of 230 Re: Money Factor and Residual Value for 2011 128i lease [Car_man] by emiami

Jul 29, 2010 (9:14 am)

Replying to: Car_man (Jul 29, 2010 3:25 am)
Thank you for the response!
 
The car that I looked is specifically a 2011 128i Coupe, with only the automatic transmition, not even the mettalic paint. So the price of the vehicle was at 31,400.
Dealer then gave me a discount of $1,200, bringing the price down to $30,200.
 
I have an offer from a Miami Dealer, of $396/month including tax, giving $2,500 up front (which include the inceptions).
 
A friend of mine said that i could fight over the inceptions, so I could give less money down.
 
How does this deal sound to you guys?
 and again thank you so much for the help.

#105 of 230 Re: Money Factor and Residual Value for 2011 128i lease [emiami] by Car_man HOST

Jul 30, 2010 (2:34 am)

Replying to: emiami (Jul 29, 2010 9:14 am)
No problem Miami. The car that you are interested in probably has a spread of around $2,400 between its full MSRP and its dealer invoice price. The $1,500 dealer discount that you were quoted isn't bad. That probably puts you at around $1,000 over invoice.
 
If you shop around or haggle some more with this dealer, you might be able to shave another couple hundred dollars off of this deal, but again it's not bad.
 
Just make sure that the dealer is using BMW Financial Services' buy rate lease money factor to calculate your payment and you're in business.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#106 of 230 2010 135 convertible by kabbalah

Jul 30, 2010 (9:29 am)

I bought rather than leased a new 135 convertible.Black with red interior, sport pkg, cold weather, auto, sport steering wheel, power seats,ipod & usb adapter. I would have liked parking sensors, navigation and satellite radio but c'est la vie. Sticker 47265. I paid 44410 plus tax. I bought because BMW gave me 72 months financing at 0.9%. I couldn't resist the almost no interest financing. After calculating the numbers back and forth, it didn't pay to lease. I also bought the BMW tire & wheel warranty which cost an additional 1295. It came in handy as I picked the car up out of state and I blew a tire at 2000 miles in Texas. These Bridgestone run flats are so stiff that without the tire monitor pressure system going off, I wouldn't have know that the tire was flat. It had zero pressure in it.

#107 of 230 Re: 2010 135 convertible [kabbalah] by dwynne

Jul 30, 2010 (5:14 pm)

Replying to: kabbalah (Jul 30, 2010 9:29 am)
They key point is this is a 2010 and not a 2011 (which are available everywhere now). They have 0.9% for 72 on the left over convertibles plus $1,500 in dealer money as well. If you can find a left over coupe, I think you can do 0.9% for up to 60 and the dealer gets $1,500 as well. For 2011, the rates are 1.9% for 60 and no dealer money.
 
I don't think BMW has a wheel and tire warranty, that is something the dealers foist on customers for extra profit. Depending on which tire blew and which tires came on the car, you could buy a replacement from TireRack for $275 to $340 - so a whole new set of 4 for less than you paid for the warranty. I would think a new tire with 2k on should not blow and the manufacturer should replace it under warranty as defective - unless you ran over something the blew the tire out.
 
I wish BMW would give us the option of a spare and normal tires - the run flats are way too much of a compromise in comfort and performance compared to the best "air required" tires.

#108 of 230 Waived security deposit MF increase? by dwynne

Jul 30, 2010 (7:39 pm)

If you get BMWFS to waive the security deposit on your lease, is it still a .00015 bump in the MF? The 135i buy rate is 0.00170 so would go to 0.00185 if they still use the same formula.
 
They waive this for "free" for current and past BMWFS customers, but I am not sure how recent of a customer you need to be to qualify.

#109 of 230 Re: Waived security deposit MF increase? [dwynne] by kyfdx@Edmunds HOST

Jul 31, 2010 (6:51 am)

Replying to: dwynne (Jul 30, 2010 7:39 pm)
Yes.. the MF bump to waive the security deposit is .00015
 
Obviously, you are better off making the deposit..
 
Not sure of how recently you have to be a customer, but for most other issues, it's between 60 days and 6 months...

Messages Page 11 of 23

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