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E90/E91/E92/E93 (2006 - 2013)
The E9X is the 4th evolution of the BMW 3 series including a highly tuned twin turbo 335i variant pushing out 300hp and 300 ft. lbs. of torque. BMW continues to show that it sets the bar for true driving performance! -- View the E9X Wiki

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  #351  
Old 01-05-2007, 09:38 AM
sdiver68 sdiver68 is offline
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Mein Auto: 2007 335i Sedan/Mont/Bge
Quote:
Originally Posted by lkevinl View Post
I believe sdiver68 is referring to the fact that it is better for you to make interest on your money than them. Other factors may have been negotiated to get a lower payment.
As the above post indicates, sometimes it's better and sometimes it's not...you have to do the math in each unique situation!
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  #352  
Old 01-06-2007, 09:53 AM
lsleelee lsleelee is offline
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Quote:
Originally Posted by kt325ci View Post
The mf would of been .00195 but the discount got me to .00146.

It's a savings of $37.61 per month and a total of $1353.96 for 36 months if my math is right.

I had to do 1 sd since I'm a new BMW Financial customer so take 7 x $750 = $5250

a 36 month cd at 5% would only turn my $5250 into $6100 for a gain of $850.

Not to mention the fact that the theoretical "return" of 25.8%, or 8.6% per year ($1353.96/$5250/3), is untaxed, unlike a CD which actually pays income.

So a CD would have to have an APR well over 8.6% to achieve the same $1353.96 3-year return.

Maybe if it was 1998 you could find a CD with rates =/+ 8.6% and there would be some debate over the value of the MSD program, but in 2006 it's a better investment than many mutual funds.
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  #353  
Old 01-06-2007, 10:03 AM
lsleelee lsleelee is offline
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Mein Auto: 2000 Grand Cherokee
Also, for someone like me who's never leased a BMW, you have to consider security depost #1 (or #8, depending on how you look at it).

On a theoretical deal for a 530 I was working on, implementing MSD would have changed the security deposit from 750 to 700.

So if that happens, you've got to add $50 off SD #1 to your total savings.
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  #354  
Old 01-09-2007, 11:52 AM
Falafel Falafel is offline
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Location: Austin, TX
 
Join Date: Oct 2006
Posts: 11
Mein Auto: E90 335i
I got the following quote:


335i Sedan configured with Sport, Premium, Steptronic, Paddles, Heated front seats

$46429 plus tt&l
Acquisition fee $825
Money factor .0019.
Residual: 61%
Term: 36 months

15K miles

$5,000 at signing

$640 /month

What's weird is that configuring the car on the website I get

MSRP $38,700
Options and accessories $6,400
Destination charge $695
Total price as built* $45,795
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  #355  
Old 01-09-2007, 09:46 PM
bmwKbiker bmwKbiker is offline
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Mein Auto: K1200RS, E93/335i:4cruzin
X

Last edited by bmwKbiker; 01-09-2007 at 09:49 PM. Reason: Incorrect
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  #356  
Old 01-10-2007, 07:19 AM
sdiver68 sdiver68 is offline
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Location: St. Louis
 
Join Date: Nov 2006
Posts: 117
Mein Auto: 2007 335i Sedan/Mont/Bge
Quote:
Originally Posted by Falafel View Post
I got the following quote:


335i Sedan configured with Sport, Premium, Steptronic, Paddles, Heated front seats

$46429 plus tt&l
Acquisition fee $825
Money factor .0019.
Residual: 61%
Term: 36 months

15K miles

$5,000 at signing

$640 /month

What's weird is that configuring the car on the website I get

MSRP $38,700
Options and accessories $6,400
Destination charge $695
Total price as built* $45,795
Almost exactly what I have Car + options, I pay $637/month including tax, nothing at signing except 1st payment and deposit. Mine is 12K per year, but only 2 years.
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  #357  
Old 01-12-2007, 08:52 AM
Byzandula Byzandula is offline
I hate waiting
Location: Pennsylvania
 
Join Date: Dec 2006
Posts: 94
Mein Auto: F-150, Nissan Murano
First off... thank you for this thread! Even having to wade through dumb arguments this thread has proved extremely helpful in educating me about leasing.

I am looking at a 335i coupe and have already negotiated $1500 off MSRP. With the MF being as low as it is right now and the residual being so high, from all of my calculations it doesn't make sense to buy this car through traditional financing.

This will be my first lease experience and my first BMW experience. Those of you who have leased from BMW previously, are they usually pretty good about not charging for minor scratches and so forth? Does this vary by dealer? Is it a good idea to have the car detailed prior to turning it in? As a BMW newbie is it harder to negotiate the MF or should I stick to my guns and not accept any increase?

The only thing that is keeping me from pulling the trigger right now is the 15k/year mileage restriction. I hate the thought of being limited to how much I can drive this car and that is really the only downside I can see from taking a lease.
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  #358  
Old 01-12-2007, 08:59 AM
sdiver68 sdiver68 is offline
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Location: St. Louis
 
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Posts: 117
Mein Auto: 2007 335i Sedan/Mont/Bge
Quote:
Originally Posted by Byzandula View Post
The only thing that is keeping me from pulling the trigger right now is the 15k/year mileage restriction. I hate the thought of being limited to how much I can drive this car and that is really the only downside I can see from taking a lease.
You can drive it more, but pay a per mile charge. So, if the per mile charge is $.25, and you drive an extra 5K miles, you'll owe $1250 IF you turn it back in to the lease company.

However, I usually trade my car back in, or sell it outright, since I keep my cars in such nice condition they are worth more than the residual. I then keep the difference between what I got and what the payoff (residual) is.
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  #359  
Old 01-12-2007, 09:08 AM
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Emission Emission is offline
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Location: North of Los Angeles, CA
 
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Quote:
Originally Posted by sdiver68 View Post
You can drive it more, but pay a per mile charge. So, if the per mile charge is $.25, and you drive an extra 5K miles, you'll owe $1250 IF you turn it back in to the lease company.

However, I usually trade my car back in, or sell it outright, since I keep my cars in such nice condition they are worth more than the residual. I then keep the difference between what I got and what the payoff (residual) is.
I do the same. Take care of the car and maintain it well and you will be just fine.
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  #360  
Old 01-12-2007, 12:17 PM
BGH867 BGH867 is offline
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Location: Atlanta
 
Join Date: Jan 2007
Posts: 31
Mein Auto: 2007 e93
Lease Newbie

Am interested in leasing a 335 convertible, but having read the posts in this forum, am now convinced that I need to do a lot more homework before moving forward.



Would someone please recommend a resource to learn more about leasing, i.e., mf's, subvents, etc.?

Thanks in advance.
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  #361  
Old 01-12-2007, 01:31 PM
zibawala zibawala is offline
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Location: sfo bay area
 
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Posts: 861
Mein Auto: 2005 x5 4.4, 2010 M3 conv
335 i coupe, auto, paddle, sports, premium, heated seats, mett colr!!
665/mo, including tax, total price including maco/training $44450, Training $180, Maco $400) MSRP $47095.

36 mo/10k miles. zero down, sales tax(8.25%)
acquisation fee $850 darn it

I think, I paid $20/mo more than I should have based on not getting buy rate.??

I am not very proud of my deal esp on lease financing.
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  #362  
Old 01-12-2007, 04:16 PM
crowbmw325 crowbmw325 is offline
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Location: THE OC
 
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Posts: 79
Mein Auto: 2006 325
Quote:
Originally Posted by BGH867 View Post
Am interested in leasing a 335 convertible, but having read the posts in this forum, am now convinced that I need to do a lot more homework before moving forward.



Would someone please recommend a resource to learn more about leasing, i.e., mf's, subvents, etc.?

Thanks in advance.
I not trying to be smart, but this board is your resource. Just in this thread alone you can learn all about leasing. I learned so much from this thread, just take some time and read through the pages also there are other threads in this board that are great for what you need, you just have to search for them
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  #363  
Old 01-12-2007, 05:09 PM
Falafel Falafel is offline
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Location: Austin, TX
 
Join Date: Oct 2006
Posts: 11
Mein Auto: E90 335i
I was given this deal for 4dr Graphite, Premium, sport, steptronic, comfort, heated seats

MSRP $46,295.00
Sales Price: $45,000.00
Term 36 months/ 15 k miles
Payment $724.00
Due at Delivery $906.25
Residual Factor 61.00%
Residual Value $28,239.00
Money Factor 0.00205

This price includes Floor mats Taxes, Tag and Fees.

How does it look? isn't the money factor a bit higher than usual?

Last edited by Falafel; 01-12-2007 at 06:05 PM.
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  #364  
Old 01-12-2007, 06:40 PM
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schley schley is offline
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Location: Saudi Arabia (no I'm not kidding)
 
Join Date: May 2005
Posts: 4,001
Mein Auto: camel
Quote:
Originally Posted by Falafel View Post
I was given this deal for 4dr Graphite, Premium, sport, steptronic, comfort, heated seats

MSRP $46,295.00
Sales Price: $45,000.00
Term 36 months/ 15 k miles
Payment $724.00
Due at Delivery $906.25
Residual Factor 61.00%
Residual Value $28,239.00
Money Factor 0.00205

This price includes Floor mats Taxes, Tag and Fees.

How does it look? isn't the money factor a bit higher than usual?
that is high but remember you have to pay sales tax on the ENTIRE cap cost of your vehicle thus that would account for your high sales price.
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  #365  
Old 01-12-2007, 08:37 PM
Wpcmac Wpcmac is offline
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Location: Orlando, FL
 
Join Date: Jul 2005
Posts: 38
Mein Auto: E92 ///M3
335 sedan on order. With options - $48k
First payment and security due at signing = $719/mon - 36 mon lease w/ 15k

335's are hot here in FL. I had to fight for 1% off MSRP
MF=.00205 which I hope to negotiate down and then pay multiple security deposits to further lower the payment.

Let me know if I'm getting taken for a walk. Car was ordered last week with March 1 expected delivery.
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  #366  
Old 01-13-2007, 01:37 AM
NorthShore NorthShore is offline
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Location: Kailua, O'ahu
 
Join Date: Dec 2006
Posts: 30
Mein Auto: M Roadster, 335i/6/sport
Quote:
Originally Posted by sdiver68 View Post
Not if that 5 yo Accord does not give him/her the satisfaction he/she expects from a car.
Agreed but comparatively speaking, don't think that Accord's lease as well as BMW's. With the MF special on 335 sedan's, and the combination with higher residuals, these things lease very well.

Although I did lease a Honda Pilot with a 0 MF for 3 years with 65% residual on a cap cost of nearly $30K, my payments are less than $250/month. I leased it solely to get to the remote surfing areas of Hawaii only accessable to AWD trucks with high ground clearance. Otherwise it just sits in my garage....but it's basically free so why not.
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  #367  
Old 01-13-2007, 06:36 PM
kt325ci kt325ci is offline
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Location: Jacksonville
 
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Mein Auto: 2002 325ci
Quote:
Originally Posted by Wpcmac View Post
335 sedan on order. With options - $48k
First payment and security due at signing = $719/mon - 36 mon lease w/ 15k

335's are hot here in FL. I had to fight for 1% off MSRP
MF=.00205 which I hope to negotiate down and then pay multiple security deposits to further lower the payment.

Let me know if I'm getting taken for a walk. Car was ordered last week with March 1 expected delivery.
I believe the base MF is .0015 so they are charging you quite a bit extra. You should be able to talk them down since you are giving them so much profit just on the sale price.

Assuming you CAN get the base rate AND do 7 msds they you could be as low as .00101

Another thing to consider is buying out of state and doing the peformance center delivery. I'm in Jacksonville and they aren't giving much of a discount either. I was able to get the car out of state for $1095 over invoice and picking up at the PC this Thrusday.
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Last edited by kt325ci; 01-13-2007 at 06:39 PM.
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  #368  
Old 01-13-2007, 07:25 PM
Byzandula Byzandula is offline
I hate waiting
Location: Pennsylvania
 
Join Date: Dec 2006
Posts: 94
Mein Auto: F-150, Nissan Murano
Quote:
Originally Posted by Emission View Post
I do the same. Take care of the car and maintain it well and you will be just fine.
So you think it is better to purchase and then sell just prior to it going out of warranty? Do BMWs usually have a higher resale value than the residual of the lease? From all the math I've done it appears that leasing will have a lower cost of ownership unless of course I plan to drive the car for 7+ years.
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  #369  
Old 01-14-2007, 12:46 AM
audiphile audiphile is offline
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Location: NYC
 
Join Date: Jun 2005
Posts: 28
Mein Auto: Barney e36 m3
.00168 mf
44900 msrp
my cost 42300
residual 68%

30 months
15k mi/year

0 down, $540/mo

07 sedan, premium, sport, cold 6-speed
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  #370  
Old 01-14-2007, 12:57 AM
lkevinl lkevinl is offline
Registered User
Location: California
 
Join Date: Jan 2007
Posts: 29
Mein Auto: 335i
Quote:
Originally Posted by Falafel View Post
I got the following quote:


335i Sedan configured with Sport, Premium, Steptronic, Paddles, Heated front seats

$46429 plus tt&l
Acquisition fee $825
Money factor .0019.
Residual: 61%
Term: 36 months

15K miles

$5,000 at signing

$640 /month

What's weird is that configuring the car on the website I get

MSRP $38,700
Options and accessories $6,400
Destination charge $695
Total price as built* $45,795
Hmmmm.. I have a similar car without heated seats but with Nav. MSRP with options, sport/premium = $47,990. My paymet is $639/month, 15K miles, but I only paid $1600 at signing which includes 1st month and acq. fee. My residual was set at .61 and money factor of .00165.
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  #371  
Old 01-14-2007, 09:23 AM
mavic1010 mavic1010 is offline
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Location: LA
 
Join Date: Aug 2004
Posts: 47
Mein Auto: 05 X3 3.0
335i Sedan 6 speed
Sport, Premium, Navigation, Comfort Access

MSRP: $46,050
Acquisition fee $625
Money factor .0015.
Residual: 63%
Term: 36 months

12K miles

First Month & DMV fees Only @ signing

$570 /month (includes sales tax)
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  #372  
Old 01-14-2007, 02:24 PM
Brisk Brisk is offline
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Location: NY
 
Join Date: Jan 2007
Posts: 67
Mein Auto: e92 335i
07 335i coupe


black metallic saphire
black interior
gray poplar


auto steptronic
paddle shifters
sport package
navigation
leather stand alone

36 month/ 12k miles a year


10k down
at 490 a month
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  #373  
Old 01-14-2007, 05:21 PM
socalmmer socalmmer is offline
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Location: Orange County
 
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Posts: 56
Mein Auto: M6, E46
Quote:
Originally Posted by rmbenner View Post
Discussed pricing with a dealer on a 335i sedan ($45K MSRP). Negotiated the price first and he came down $1K off MSRP. When I asked about the lease, he immediately asked how much I was looking to spend on monthly payments. I told him that was irrelevant to the conversation. I was looking to know the MF and residual on the car and the calculated payment. He took offense. I held to my original point and did not disclose how much I was willing to spend. I asked him for the info and I will make a decision after that.

He came back with the MF of .0031 and and residual of 63% (3 yr / 12K). I said the MF was way more than I was willing to pay, told him thanks, we will not need to proceed any further. The .0031 MF equals to 7.44%. The .002 equals 4.8%. The payment he told me was $730/month with no money down (~$45/month taxes included). I went in with the thought the MF was .002, which I found out is rate for the coupe. The difference in MF for is almost $90/month for the sedan I spec'd.

I like the car. I am willing to spend closer to $625/month for it. For now, I will continue driving my 540i which is a wonderful car itself.
The monthly payment is the only important factor. People get bogged down in the details and forget that they have to write a check each month. The amount of that check is the most important thing. How that number is arrived at is irrelevent if the payment is right.
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  #374  
Old 01-14-2007, 05:32 PM
lkevinl lkevinl is offline
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Location: California
 
Join Date: Jan 2007
Posts: 29
Mein Auto: 335i
Quote:
Originally Posted by Brisk View Post
07 335i coupe


black metallic saphire
black interior
gray poplar


auto steptronic
paddle shifters
sport package
navigation
leather stand alone

36 month/ 12k miles a year


10k down
at 490 a month
Did you already take this deal????
You didn't include some important numbers like the MSRP or the money factor, etc.
But with $10k down on a lease compared to an average minimal drive off most people have reported of ~$1000, you've put down an additional $9K which equates to $250/month. So comparitively, your montly payment is really $490 + $250 = $740/month.
The dealer can make interest on the extra $9k you gave him rather than you making that interest. They must be happy about that. See some of the deal above.
If you haven't taken it, I think you can get a LOT more for less!
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  #375  
Old 01-14-2007, 05:38 PM
lkevinl lkevinl is offline
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Location: California
 
Join Date: Jan 2007
Posts: 29
Mein Auto: 335i
Quote:
Originally Posted by socalmmer View Post
The monthly payment is the only important factor. People get bogged down in the details and forget that they have to write a check each month. The amount of that check is the most important thing. How that number is arrived at is irrelevent if the payment is right.
Are you on crack? You could have a $100/month payment, but that doesn't mean you've gotten a good deal. The only way to know is by knowing the other numbers. Your down payment has to be considered and affects your monthly payments. In general its better to keep money in your pocket and collect interest on it than to give it to the dealer as a down payment just to lower your monthly payments.

Your generalization about monthly payment is a bit whacked. See the post by brisk and my response. It's more about how you get the lowest monthly payment and all of the other numbers are a part of that. That is the only way to know if a lease is a good deal! If we all just posted our monthly payment and nothing else, this thread would be useless.

Last edited by lkevinl; 01-14-2007 at 05:40 PM.
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