Looking to Lease a BMW F30? Lease Number are out - Base Residual 62% - Money Factor .00195

by Jon Shafer on January 12, 2012, 7:15 pm
I just knew they would do this... That's 65% for 10k mi/yr. Strong. Much better than when E90 debuted. ALG must have loved the F30...



These launch residuals are higher than the initial ones on the E90 when it debuted during the spring of 2005. This is a testament to the strength of the 2012 3 Series sedan and exhibits an underlying confidence in both its substance and value proposition.



P.S. I have a couple of open allocations waiting for your name on them.

You can get my patented "Internet Special" pricing on the F30 328i (sorry, no 335i).

Be aware that there is currently a hold on F30 (CARB/EPA), but I suspect this will be resolved in time for the launch...



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59 responses to Looking to Lease a BMW F30? Lease Number are out - Base Residual 62% - Money Factor .00195

16n69 commented:
January 12, 2012, 7:24 pm

Quote:
Originally Posted by Jon Shafer View Post
I just knew they would do this... That's 65% for 10k mi/yr. Strong. Much mo' bettah than when E90 debuted. ALG must have loved the F30...



P.S. I have a couple of open allocations waiting for your name on them.

You can get my patented "Internet Special" pricing on the F30 328i (sorry, no 335i).

Be aware that there is currently a hold on F30 (CARB/EPA), but I suspect this will be resolved in time for the launch...

I have always purchased...not leased, I assume what you are talking about is lease "lingo"?
Can you explain in lay terms, just how that works, what does it mean, or how this breaks down?
thanks
sunny5280 commented:
January 12, 2012, 7:34 pm

Quote:
Originally Posted by 16n69 View Post
I have always purchased...not leased, I assume what you are talking about is lease "lingo"?
Can you explain in lay terms, just how that works, what does it mean, or how this breaks down?
thanks
A residual is the estimated value of a vehicle after the end of the lease. Thus a 65% residual means you can purchase the vehicle at 65% of it's original value at the end of the lease. The higher the residual the lower your lease payment as you're only paying for the depreciation (35% in this case).

The 10K miles / year is the average number of miles you're allowed on the vehicle each year over the term of the lease in order to maintain the residual.

This is a rough description. Plenty of information regarding leasing is available on the Internet.
justinnum1 commented:
January 12, 2012, 7:42 pm

what!!!! where did you see this...that would mean 328i f3o with 10k miles is 65% residual...please confirm!!!
btboy97 commented:
January 12, 2012, 7:45 pm

Holly Macro. That means our lease payment will be VEEEEERY LOOOOW! I guess this is BMW marketing tool to get as many cars out on the street as possible. I can't stop dancing.
justinnum1 commented:
January 12, 2012, 7:47 pm

This is great news!!!!! i hope its true

Hey jon, any idea what the money factor would be, also we should expect leases in the 400 range prob, this is just fantastic news
Red Lined commented:
January 12, 2012, 7:48 pm

Quote:
Originally Posted by Jon Shafer View Post
I just knew they would do this... That's 65% for 10k mi/yr. Strong. Much mo' bettah than when E90 debuted. ALG must have loved the F30...



P.S. I have a couple of open allocations waiting for your name on them.

You can get my patented "Internet Special" pricing on the F30 328i (sorry, no 335i).

Be aware that there is currently a hold on F30 (CARB/EPA), but I suspect this will be resolved in time for the launch...

$10 says the money factor is probably inflated above the .00195 on other models though....
btboy97 commented:
January 12, 2012, 7:48 pm

I'm going to buy me 2
Saintor commented:
January 12, 2012, 7:49 pm

IMO, people who drive 10K/yr miles are a minority.
brkf commented:
January 12, 2012, 7:51 pm

Wow. Mix that with MSDs and ED and that'd make for some insanely low payments.
justinnum1 commented:
January 12, 2012, 7:51 pm

Quote:
Originally Posted by Red Lined View Post
$10 says the money factor is probably inflated above the .00195 on other models though....
Yea, im guess money factor is right around 5% Maybe 4%
btboy97 commented:
January 12, 2012, 7:51 pm

What are you talking about RED LINED?
brkf commented:
January 12, 2012, 7:52 pm

Quote:
Originally Posted by Saintor View Post
IMO, people who drive 10K/yr miles are a minority.
You can always buy more miles.

FWIW, I can't see putting 10k a year on my car starting March or so as my commute round trip will be less than 12 miles.
Red Lined commented:
January 12, 2012, 7:57 pm

Quote:
Originally Posted by btboy97 View Post
What are you talking about RED LINED?
I'm not fully sure what you mean, but this is a common marketing technique for entry level luxury cars. There are 2 sides to every lease equation: money factor and residual. They let one slide and nail you on the other.

Look at the newly introduced C250 coupe from Benz. High residuals. The public sees this, and look at that 66% residual. The money factor is grossly inflated though. I have a strong feeling BMW will pull the something here.

Just a guess though
justinnum1 commented:
January 12, 2012, 7:59 pm

Quote:
Originally Posted by Red Lined View Post
I'm not fully sure what you mean, but this is a common marketing technique for entry level luxury cars. There are 2 sides to every lease equation: money factor and residual. They let one slide and nail you on the other.

Look at the newly introduced C250 coupe from Benz. High residuals. The public sees this, and look at that 66% residual. The money factor is grossly inflated though. I have a strong feeling BMW will pull the something here.

Just a guess though
Most likely. If i had extra case laying around, it wouldnt be such an issue becuase i could have done the MSD, but we will just have too see what the money factor is. I can see it 4.5-5.0%
pcbrew commented:
January 12, 2012, 8:53 pm

Awesome residual! Now show me the Money (Factor).
Hope it's standard rate and I am in.

I assume same residual for 328 and 335 (even though 335 availability may be tight for a while as Jon's post suggests)
unintelligible commented:
January 12, 2012, 8:55 pm

Thanks for the info, but this only half of the equation. High residuals are basically meaningless if the MF is 0.00225 or something ridiculous like that. All it means is I certainly won't be taking the buy option at lease end.

I'll be watching ridewithg like a hawk unless someone is kind enough to post the money factor.
justinnum1 commented:
January 12, 2012, 8:59 pm

im calling it, money factor will be between .00180-.00215

prob right around .002
Jon Shafer commented:
January 12, 2012, 9:26 pm

Quote:
Originally Posted by Red Lined View Post
$10 says the money factor is probably inflated above the .00195 on other models though....
You owe me ten bucks!!



And for you 328i prospects out there, this combined with a hefty discount, the payments will be even lower...




justinnum1 commented:
January 12, 2012, 9:29 pm

Quote:
Originally Posted by Jon Shafer View Post
You owe me ten bucks!!



And for you 328i prospects out there, this combined with a hefty discount, the payments will be even lower...




Any idea what the money factor will be jon?
pcbrew commented:
January 12, 2012, 9:29 pm

So, still standard 0.00195?
Jon Shafer commented:
January 12, 2012, 9:29 pm

Quote:
Originally Posted by pcbrew View Post
So, still standard 0.00195?

Sounds good to me.....


pcbrew commented:
January 12, 2012, 9:31 pm

Quote:
Originally Posted by Jon Shafer View Post
And for you 328i prospects out there, this combined with a hefty discount, the payments will be even lower...
Plugging numbers in my lease calculation spreadsheet.
May not be able to wait for 2013 model and M-Sport.
btboy97 commented:
January 12, 2012, 9:38 pm

Also plugging numbers in my lease spreadsheet....I wish the configurator was available!
Jon Shafer commented:
January 12, 2012, 10:06 pm

Here are the rest: 24/30/36/42/48/54/60 %Base

328i: 68 / 65 / 62 / 53 / 45 / 41 / 36
335i: 68 / 65 / 62 / 53 / 45 / 41 / 37


justinnum1 commented:
January 12, 2012, 10:13 pm

Awesome, 65% + .00195, + 40.5K=about 475-500 a month

I thought it was going to be like mid to high 5's
pcbrew commented:
January 12, 2012, 10:25 pm

By my calculations, a stripper 328i+ZSL+2TB (39,550 cap cost / 34,800 ED inv+750) comes in at 359 with 7xMSD.
(IIRC, there is a 0.0003 MF adder for ED).
SoonerJohn commented:
January 12, 2012, 10:56 pm

I'm not a leasing type of guy - so have they release purchase financing programs info also (i.e. interest rates)?

And what do you mean when you say "there is a hold..."???
Jon Shafer commented:
January 12, 2012, 11:37 pm

Quote:
Originally Posted by SoonerJohn View Post
I'm not a leasing type of guy - so have they release purchase financing programs info also (i.e. interest rates)?

And what do you mean when you say "there is a hold..."???
Yes, APR rate has been announced to dealers.

Until the new 3 is fully certified (since it is a new model), it will not be released to dealers until it attains that status.
SoonerJohn commented:
January 12, 2012, 11:55 pm

mmmkay... So I guess the APR isn't so wonderful then since you're not broadcasting it to the world like the residual??? :-)
brkf commented:
January 13, 2012, 12:47 am

Quote:
Originally Posted by SoonerJohn View Post
mmmkay... So I guess the APR isn't so wonderful then since you're not broadcasting it to the world like the residual??? :-)
If you're concerned with finance rates I'd suggest a credit union. NFCU has 60 months for 1.79%. Guessing other credit unions are similar.
pcbrew commented:
January 13, 2012, 12:57 am

SoonerJohn - aren't you doing ED?
If so, BMWFS may be your only option.

I tried to go thru my credit union on my ED in '02. BMW wanted payment 30 days in advance and the CU would not do anything without a title, etc. so it was no deal and I had to suck it up and pay BMWFS rates. You can always re-fi once you get the car back.
SoonerJohn commented:
January 13, 2012, 1:39 am

Quote:
Originally Posted by pcbrew View Post
SoonerJohn - aren't you doing ED?
If so, BMWFS may be your only option.

I tried to go thru my credit union on my ED in '02. BMW wanted payment 30 days in advance and the CU would not do anything without a title, etc. so it was no deal and I had to suck it up and pay BMWFS rates. You can always re-fi once you get the car back.
Yes, I'm doing ED. But there are always 'multiple ways to skin a cat' as they say. I'll do BMWFS if they are reasonable for the convenience, but if they are ridiculous then I'll figure out some alternate approach. (e.g. PenFed has great rates is is said to do ED, or pull money from savings temporarily, etc. etc.)
dtc100 commented:
January 13, 2012, 7:19 am

Quote:
Originally Posted by Jon Shafer View Post
Here are the rest: 24/30/36/42/48/54/60 %Base

328i: 68 / 65 / 62 / 53 / 45 / 41 / 36
335i: 68 / 65 / 62 / 53 / 45 / 41 / 37


The only good lease on the E90 is the deal on the 328xi - 33 mo./64%/0.00185.

How are they going to move the rest of the E90s?
CE750Jockey commented:
January 13, 2012, 9:25 am

Can one of you pros help me out here? Using BMWConfig I must be doing something wrong. Looking at the residual values Jon posted for the corresponding months, I get that the residual % goes down the longer the lease term. But, when I put in a longer lease term, I'm getting waaay higher monthly rates. Does the MF change with a change in term length?

Example:

MSRP: 43,745
Cap cost: 39,045
Local tax: 6.5%
Lease term: 36 and 48 mos
Residuals: 62% and 45%
MF: .00225 for an ED
MSDs: 7
Lease return fee: 350

I keep getting $477 for 36 mos. and $540 for 48 mos. Can this be right? It's costing $63/mo MORE for a longer lease?
JustinTJ commented:
January 13, 2012, 9:47 am

http://www.bimmerfest.com/forums/sho...d.php?t=146090

Longer lease = lower residual = higher payment.

48 months leases for BMWs are crazy high.
BatteryPowered commented:
January 13, 2012, 9:48 am

Here are the typical figures for BMW lease:

2012 BMW 135i Coupe Lease
24 month | 15k miles | residual 63% | .00200 base money factor
36 month | 15k miles | residual 57% | .00200 base money factor
48 month | 15k miles | residual 39% | .00200 base money factor
60 month | 15k miles | residual 30% | .00200 base money factor

As you can see MF does not change, but residual goes down. Residual is nearly exponential curve, not linear.

Each manufacturer usually has a "sweet spot" lease, where the payment will be the lowest. For recent 3 series the "sweet spot" is 27 months. In most cases the best G37 leases are 39 months.

It is understandable that a lot of us would love to have longer lease (while car is under factory warranty, avoid inception fees, no need to deal with dealers every 2-3 years etc.), but that's not how leasing works.

Also, in recent years it's been getting harder and harder to obtain lease figures to make an "educated" lease. That information is getting harder and harder to come by. I have a feeling that in few years car prices and options will just have a black box over them and you'll be forced to take whatever dealer is offering. Can't blame BMW, the demand on their cars been growing very fast in past few years.
justinnum1 commented:
January 13, 2012, 11:36 am

They basically want you doing it for 3years with those #s...
wchast commented:
January 16, 2012, 9:29 pm

What are the money factors "Preferred and Elite" credit status within BMW Financial arm for lease term of 36 months ? Never leased before, but was told by my local BMW dealer that there are three different levels of factors depending upon what tier one scores pending on your credit rating. Any insight would be greatly appreciated.
justinnum1 commented:
January 16, 2012, 9:49 pm

Quote:
Originally Posted by wchast View Post
What are the money factors "Preferred and Elite" credit status within BMW Financial arm for lease term of 36 months ? Never leased before, but was told by my local BMW dealer that there are three different levels of factors depending upon what tier one scores pending on your credit rating. Any insight would be greatly appreciated.
i think tier 1 is .00195
and tier 2 is .0025

think*
HugH commented:
January 17, 2012, 1:13 am

Quote:
Originally Posted by Saintor View Post
IMO, people who drive 10K/yr miles are a minority.
Yep, you're right. However, there are some of us already retired and we fly instead of drive.

We probably average around 7,000 miles/yr and that's the reason we only keep one car, instead of two.
JustinTJ commented:
January 17, 2012, 1:20 am

Quote:
Originally Posted by HugH View Post
Yep, you're right. However, there are some of us already retired and we fly instead of drive.

We probably average around 7,000 miles/yr and that's the reason we only keep one car, instead of two.
Or our house is 1 mile from garage to parking lot of the hospital we work at.
JoeFromPA commented:
January 17, 2012, 4:06 pm

Wow, I just built a 2012 335i sedan out to $52k for a 30 month lease. I assumed getting the car at ED invoice, $1000 in fees, sales tax (6%), and a money factor reduced to .00152 through MSDs.

Assuming $0 down, that's $572 a month on what I just built out. Considering that's a pretty significantly spec'd out model and even taking account for a more realistic 15k miles a year, that's really quite nice.
MattTheCarNut commented:
January 17, 2012, 6:50 pm

Quote:
Originally Posted by Jon Shafer View Post

Are these posted residuals for 12k miles a year? What are the residuals for 10k a year- specifically a 36/mo lease at 10k year?

Thanks!
pcbrew commented:
January 17, 2012, 8:48 pm

I believe those are 15K/year.

Add 2% for 12K/yr
Add 1% more (3%) for 10K/yr
Red Lined commented:
January 17, 2012, 9:02 pm

Quote:
Originally Posted by JoeFromPA View Post
Wow, I just built a 2012 335i sedan out to $52k for a 30 month lease. I assumed getting the car at ED invoice, $1000 in fees, sales tax (6%), and a money factor reduced to .00152 through MSDs.

Assuming $0 down, that's $572 a month on what I just built out. Considering that's a pretty significantly spec'd out model and even taking account for a more realistic 15k miles a year, that's really quite nice.
How did you calculate your money factor. You did base - (.00049) + (.0003). Right? Maybe it is the base money factor that we are using that differs, but I get a different number. What base rate are you using?

I wonder if Super Elite credit would give someone a better rate than the posted model rate?
JoeFromPA commented:
January 18, 2012, 7:30 am

Redlined - I did base MF of .00195 - .00049 = .00146 + .00003 = .00149.

I screwed up my math since eit should be .0003 apparently. So the MF should be .00176 (fixed this post)

...

So I recalculated it assuming the following (which, if true, is frigging phenomenal and now I need to figure out my tax benefits for leasing this car as a salesperson):

$52,245 MSRP (335i sedan, sport package, premium package, tech package, m-sport suspension, cold weather package, metallic paint)...

ED invoice price = $45,370

Fees = $750 (I just put a number in here that felt "right")

Residual value = 62% for 36 months @ 15k miles a year (assuming this is accurate)

Sales Tax = 6%

Money Factor = .00176 after subtracting for 7 MSDs and adding .0003 for european delivery

.....

Monthly payment = $550

That's with nothing down except $3600 for money factor reduction, which is refunded. I've got to sit down now and look at the tax implications of leasing for me.

One question for a dealer or those who know: If I trade-in a car worth, say, $6k, can I use that trade-in value for the MSDs and also use it to add-on a set of BMW wheels & winter tires?
pcbrew commented:
January 18, 2012, 8:08 am

Quote:
Originally Posted by JoeFromPA View Post
Redlined - I did base MF of .00195 - .00049 = .00146 + .00003 = .00149.

I screwed up my math there doing it quickly and posted .00152 as the end result, but it should have been .00149.
It's 0.0003 adder for ED. You have an extra 0 in there.

Should end up with 0.00176
MattTheCarNut commented:
January 18, 2012, 8:50 am

Quote:
Originally Posted by pcbrew View Post
I believe those are 15K/year.

Add 2% for 12K/yr
Add 1% more (3%) for 10K/yr
Awesome. Thank you for the clarification!
JoeFromPA commented:
January 18, 2012, 9:18 am

Quote:
Originally Posted by pcbrew View Post
It's 0.0003 adder for ED. You have an extra 0 in there.

Should end up with 0.00176
Got it, thanks.

Recalculated to $550/month payment. Fixing original post for others who read it.
CE750Jockey commented:
January 19, 2012, 9:46 am

Quote:
Originally Posted by MattTheCarNut View Post
Awesome. Thank you for the clarification!
So, are the residuals Jon posted earlier for 15k or 10K? Can somebody tell me with certainty what the residual is for a 328i, 3-yr, 10K miles, Tier 1 credit is? Thank you.
pcbrew commented:
January 19, 2012, 10:13 am

62% for 15K miles & 36 mo
64% for 12K miles & 36 mo
65% for 10K miles & 36 mo

Residuals are independent of credit score
MF is dependent on credit score
bcl0328 commented:
January 19, 2012, 6:37 pm

Quote:
Originally Posted by JoeFromPA View Post
Wow, I just built a 2012 335i sedan out to $52k for a 30 month lease. I assumed getting the car at ED invoice, $1000 in fees, sales tax (6%), and a money factor reduced to .00152 through MSDs.

Assuming $0 down, that's $572 a month on what I just built out. Considering that's a pretty significantly spec'd out model and even taking account for a more realistic 15k miles a year, that's really quite nice.
ok i must be doing something really wrong. i tried to get a quote on a 328i to lease and they told me $742/month.

5.62% money factor
msrp = $51,058.46
36 months = $742/month with $5830 due at signing.

i am new to leasing...why is my MF so high?
jzcrna commented:
January 19, 2012, 6:48 pm

Quote:
Originally Posted by bcl0328 View Post
ok i must be doing something really wrong. i tried to get a quote on a 328i to lease and they told me $742/month.

5.62% money factor
msrp = $51,058.46
36 months = $742/month with $5830 due at signing.

i am new to leasing...why is my MF so high?
that comes out to a money factor of .00235 (MF=APR/2400)

you should get .00195 with good credit and no down payment. I would definitely try a board sponsor. that is robbery.
jzcrna commented:
January 19, 2012, 6:55 pm

Quote:
Originally Posted by bcl0328 View Post
ok i must be doing something really wrong. i tried to get a quote on a 328i to lease and they told me $742/month.

5.62% money factor
msrp = $51,058.46
36 months = $742/month with $5830 due at signing.

i am new to leasing...why is my MF so high?
the down payment is even more ridiculous. drive off should be first months payment, docs, reg. and that's about it Any down payment should also lower your cap cost.

how many miles?? go to the ask a dealer forum. tons of leading info there.
bcl0328 commented:
January 19, 2012, 6:59 pm

Quote:
Originally Posted by jzcrna View Post
the down payment is even more ridiculous. drive off should be first months payment, docs, reg. and that's about it Any down payment should also lower your cap cost.

how many miles?? go to the ask a dealer forum. tons of leading info there.
20,000 miles/yr.
bcl0328 commented:
January 19, 2012, 7:01 pm

Quote:
Originally Posted by jzcrna View Post
that comes out to a money factor of .00235 (MF=APR/2400)

you should get .00195 with good credit and no down payment. I would definitely try a board sponsor. that is robbery.
how do i find a board sponsor?
jzcrna commented:
January 19, 2012, 11:58 pm

Quote:
Originally Posted by bcl0328 View Post
how do i find a board sponsor?
They are the people who keep this site running and offer their services.

AdriansBMW (Atlanta)

BMWofBloomfield (Illinois)

Greg@PacificBMW (Cali)

Jon Shafer (Bimmerfest Founder) (Santa Barbara California)

Those are in random order. I suppose the founder should be first

They give really fair deals and will not steer you wrong with BS.
jzcrna commented:
January 22, 2012, 3:43 pm

I just wanted final confirmation that these were based on 15000 miles. Are we sure?

Thanks!
adc commented:
February 3, 2012, 11:04 am

Jon, can you please hit me with a PM? I'm considering a new car for the wife, F30 is a strong contender...