2013 328i Lease Question

I am planning on upgrading my current BMW and this is the lease deal. Please tell me what you think. I live in Lake County IL Tax 7.0%.

Its for a 2013 BMW M Sport 328i xDrive

328i X Drive $38,500
M Sport $3850
Beige Leatherette $0
Estoril Blue $550
Aluminum Hexagon Interior $0
with Estoril Blue Matt
All season Tires $0
Cold Weather Package $950
Driver Assistance Package $1900
Technology Package $3100
Destination and Handling $895
Total MSRP $49,745

LEASE PRICE is $691.87 (No Money Down except registration)

WHAT DO YOU THINK.

This is $100 more than I am paying for a 2009 328i Xdrive with an MSRP that is $4000 less.

Thanks so much for your input!

I think it's too much.... for one thing, when doing comparisons don't indicate what your tax rate... you should just show the lease payment without taxes... and then show that as an add-in if you like.

Secondly, money factor and residual are not out yet for the 2013s with x-drive so the dealer is blowing smoke with their numbers till we know the money factor and residual which won't happen till July 1st.

Last, I don't agree with your options choices but that's obviously personal preference.

For comparison I am doing this deal;

BMW 328i x-drive
black saphire
Sport package
Premium Package
Technology Package
M handling package
heated seats
park distance control
xenons (how could you pass on xenons on an m-spec car? really?)

And my payments, with an extra 7 security deposits up front would be about $580-$590 a month without taxes, depending on if residual comes in at 61 or 62% on a 45,000 mile lease, and assuming that money factor of .0019 is still doable on the new cars.

what residual value (how many miles can you drive per year). Also BMWFS has not realeased the final numbers for leasing so it may be a little different. To give you an idea right now the best deal i have on the table with 2012 BMWFS numbers is 590 per month without the USA drive discount. This for a 50,690 MSRP while I pay taxes and tags upfront.

The Lake County Taxes are actually 7.25%

Im paying the minimal amount upfront.

The lease price I listed was for a 3 year 36,000 mile lease.

PS. Im not too interested in peoples opinion on the specs, just the lease price.

PLease keep in mind this is for a 2013 since my main draw is the ESTORIL BLUE.

Thanks again for everyones input!!

Are you paying full MSRP?

No, leasing!

Also they are capitalizing $1600 of the taxes.

You still should negotiate the price regardless if you are leasing or not.

Exactly. You've indicated what MSRP is but what is your cap cost (negotiated price of the car for the lease)?

I agree about negotiating capitalized cost down from MSRP. How much can I expect on a 2013 that has yet to be released?!? Anyone have experience negotiating down a 2013 328?

Originally Posted by stiplitsky

I agree about negotiating capitalized cost down from MSRP. How much can I expect on a 2013 that has yet to be released?!? Anyone have experience negotiating down a 2013 328?

Sure, email several local dealers (internet sales department is usually best) and ask them what their lowest price is on a custom order 328i with your desired options.

2013 pricing is already out. You can spec your car out and see MSRP and invoice pricing at bmwconfig.com. The only thing not out yet is residual and money factor for the 2013s but you don't need those numbers to strike a deal on the vehicle price.

It shouldn't matter to the dealer one iota whether you are buying or leasing when negotiating the "price" of a new car purchase.

Originally Posted by stiplitsky

The Lake County Taxes are actually 7.25%

Im paying the minimal amount upfront.

The lease price I listed was for a 3 year 36,000 mile lease.

PS. Im not too interested in peoples opinion on the specs, just the lease price.

PLease keep in mind this is for a 2013 since my main draw is the ESTORIL BLUE.

Thanks again for everyones input!!

yea with the 3 year 36K miles like folks said your lease payment seems very high to me. Get the exact Cap reduction.

Originally Posted by stiplitsky

I agree about negotiating capitalized cost down from MSRP. How much can I expect on a 2013 that has yet to be released?!? Anyone have experience negotiating down a 2013 328?

You should shoot for at least 1000 dealer cost, 500 is much better.

Originally Posted by stiplitsky

No, leasing!

Also they are capitalizing $1600 of the taxes.

Always negotiate price first. Even with a lease.

Then you get the money factor they're using (they often mark it up or push the acquisition fee into the lease, thus netting you much higher costs).

Finally, ask about the residual (usually standard but worth checking).

Never talk payments. That's not relevant to a purchase/lease.

Finally, read up on MSDs. You're giving away lots of money...

You have more option than mine.

I just leased 2013 BMW 328i xDrive
Front heated seats
moon roof
Navigation
parking sensors
rearview camera
grey metallic paint
black leatherette
msrp $44,765 (+- 200) not quite sure

$3300 upfront due at signing (includes everything)
$427/month 39 months 12k miles/yr

I don't know if my lease is a good deal or not.... but it was the lowest I can find in Northern NJ.

Originally Posted by denticola

You have more option than mine.

I just leased 2013 BMW 328i xDrive
Front heated seats
moon roof
Navigation
parking sensors
rearview camera
grey metallic paint
black leatherette
msrp $44,765 (+- 200) not quite sure

$3300 upfront due at signing (includes everything)
$427/month 39 months 12k miles/yr

I don't know if my lease is a good deal or not.... but it was the lowest I can find in Northern NJ.

What is included in the $3300.00 upfront cash? Does the $427.00 include tax?

$3300 includes first month payment, tax, title, DMV, acquisition fee, registration fee, and I'm sure more things.
But let's not try to decipher what's included because what's most important thing is HOW MUCH DO I PAY upfront and monthly.

I paid $3,300 upfront. And I will pay $427 a month for the remainder of lease. Tax included in the payment.

When you are dealing with the dealers and getting a lease, all you need to do is to address msrp, $$$ due upfront at signing, and monthly payment. And go fish for the lowest one.

As far as my payment goes.... $3300 + ($427x39) = $19,953 will be wasted during my lease term.

Originally Posted by denticola

$3300 includes first month payment, tax, title, DMV, acquisition fee, registration fee, and I'm sure more things.
But let's not try to decipher what's included because what's most important thing is HOW MUCH DO I PAY upfront and monthly.

I paid $3,300 upfront. And I will pay $427 a month for the remainder of lease. Tax included in the payment.

When you are dealing with the dealers and getting a lease, all you need to do is to address msrp, $$$ due upfront at signing, and monthly payment. And go fish for the lowest one.

As far as my payment goes.... $3300 + ($427x39) = $19,953 will be wasted during my lease term.

You can't address MSRP, it is set in stone, what you can address is negotiated price, MF, and any markup dealer can put on acquisition fee, etc.

Originally Posted by denticola

$3300 includes first month payment, tax, title, DMV, acquisition fee, registration fee, and I'm sure more things.
But let's not try to decipher what's included because what's most important thing is HOW MUCH DO I PAY upfront and monthly.

I paid $3,300 upfront. And I will pay $427 a month for the remainder of lease. Tax included in the payment.

When you are dealing with the dealers and getting a lease, all you need to do is to address msrp, $$$ due upfront at signing, and monthly payment. And go fish for the lowest one.

As far as my payment goes.... $3300 + ($427x39) = $19,953 will be wasted during my lease term.

A lot of us have been here for a long time and know way more than you do about how to negotiate a lease. I get what you are saying for the bottom line but it's not that simple. I'm guessing that in your state you pay the taxes on a lease upfront. In my state you pay it monthly over the terms of the lease. I didn't have to come up with $3300.00 upfront. In my opinion $427.00/month is a good payment but you paid $3300.00 is a huge chunk of change upfront especially when none of that is cap cost reduction (which you don't want anyway). The fees you paid upfront were excessive IMO.

Appreciate feedback on first time BMW lease offer in PA ...... Lighting package, premium package, heated front seats, automatic high beams, rear view camera, park distance ctl, BMW asst, BMW app.
MSRP $46,195, invoice $43,728, 4k inception cost for 39 month lease 10k mile, with .0013 money factor.

Originally Posted by Wingtpasser

Appreciate feedback on first time BMW lease offer in PA ...... Lighting package, premium package, heated front seats, automatic high beams, rear view camera, park distance ctl, BMW asst, BMW app.
MSRP $46,195, invoice $43,728, 4k inception cost for 39 month lease 10k mile, with .0013 money factor.

What is your payment and what was the adjusted cap cost? What is the acq fee? I am assuming the 4k is your total OTD.

Need more info

Originally Posted by Wingtpasser

Appreciate feedback on first time BMW lease offer in PA ...... Lighting package, premium package, heated front seats, automatic high beams, rear view camera, park distance ctl, BMW asst, BMW app.
MSRP $46,195, invoice $43,728, 4k inception cost for 39 month lease 10k mile, with .0013 money factor.

What is the sales tax in PA?
EDIT: so it is 6%.
Well, I plugged the numbers into my own spreadsheet I use for lease payment calculations, and came up with $516/mo (tax included) , given the final negotiated price ends up at $43.728 (I don't think it is a good price, given the current incentives, etc).
Your initial payment should be $516 + acquisition fee + Title, Registration, Plates, DMV - I don't see how's that can be relatively close to $4,000.00 though.
Head over to Ask-a-Dealer section of these forums and get start talking to one of the sponsors.


EDIT2: I am a bit off here, I used 36 months term residual - that makes it less than $10/mo difference on the total monthly payment.

Forgot pymt --- 452, capital cost is 43,695

6%

Originally Posted by Wingtpasser

Forgot pymt --- 452, capital cost is 43,695

Originally Posted by Wingtpasser

6%

I am not sure what is the residual value percentage point for a 39 month term lease.
Are you putting any money down to reduce cap cost?
Are you putting any security deposits to reduce money factor?
I assume that payment excludes tax.

Is 60% at 39 months. 4k is total out of pocket....I fear it is to high though considering the methyl pymt.

Well they definitely padded net cost reduction down payment in that 4K you are responsible for, you need to figure out what is the actual amount of that is your net cost reduction.
Generally, net cost reduction is a bad idea, i.e. in an event your leased car is totaled during the term you are out of whatever you put in. Of course it has its benefits reducing the monthly payment though.
The better idea is putting multiple security deposits (rules vary by state, for instance in NY it is not an option) to reduce money factor (your interest rate on the lease).
As I said before, you better talk to one of the sponsor on these forums.
Good luck.


EDIT: It comes out as if the net cap cost for the vehicle is around $41075 to get the payment close to $452/mo (including tax), so your down payment is around $1500 considering they jacked up acquisition fee to the max + title/registration/plates/dmv fees - $725 is standard acquisition fee, they can increase it up to $950 if I am not mistaken.