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F30 / F31 / F32 / F33 / F34 / F36 (2012 - current)
The sixth generation BMW 3 Series Sedan F30/F31/F34 and the first first generation 4 Series Coupe F32/F33/F36. Get the latest 3 and 4 series pricing from our ordering and pricing guide sticky thread.

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  #126  
Old 07-25-2015, 09:02 PM
argh argh is offline
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Quote:
Originally Posted by uvea23 View Post
Well all I was stressing on the monthly payment number all kind of fees rolled in and that came out to be
550 per month for next 36 months.
As I plan to turn in the car after lease end ,did not care much about the residual or money factor and no security deposit.

Thanks
But along with the MSRP and agreed upon price, the residual, money factor and security deposits are what determine your monthly payment.
Going with your MSRP and selling price, BMW's (minimum) acquisition fee of $795, 36m/30K residual of 61% and BMW's current MF of .0013 it all equates to approx a $475 monthly. If you put down a maximum of 7 security deposits (for a total of $3.6K including the first month) the MF drops down to .00081 and a monthly of about $430 (including taxes).
In that light, $550 a month sounds like a very bad deal to me.
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  #127  
Old 07-25-2015, 09:12 PM
argh argh is offline
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Just remembered I was quoting a '16 340's residual. Just read that in a recent deal a 335's 36m/10K's residual has been as high as 67%, which would bring the monthly down to $330-375 depending on security deposits.
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  #128  
Old 07-25-2015, 09:26 PM
uvea23 uvea23 is offline
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Originally Posted by argh View Post
Just remembered I was quoting a '16 340's residual. Just read that in a recent deal a 335's 36m/10K's residual has been as high as 67%, which would bring the monthly down to $330-375 depending on security deposits.
So if I am understanding this right according the info you just gave ;for the entire lease term of 36 months for car with sticker price of 58k+ the total out of pocket (all fees rolled over in monthly payment) should be around 375X36=Around $13500.-14000...?.( no deposit)
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  #129  
Old 07-25-2015, 09:38 PM
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GeoX750Li GeoX750Li is offline
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Quote:
Originally Posted by uvea23 View Post
So if I am understanding this right according the info you just gave ;for the entire lease term of 36 months for car with sticker price of 58k+ the total out of pocket (all fees rolled over in monthly payment) should be around 375X36=Around $13500.-14000...?.( no deposit)
If that's the case sign me up! But not likely, as the 2015 residual would necessarily be lower than the 2016 61%.

So the payment is more likely to be over $500 a month, like $18K - $20K for 3 years.

It would be helpful to know all the numbers going into the $550 monthly payment. Just relying on the monthly payment lets the dealers hide what is actually being paid for the car.
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  #130  
Old 07-25-2015, 09:51 PM
argh argh is offline
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Quote:
Originally Posted by uvea23 View Post
So if I am understanding this right according the info you just gave ;for the entire lease term of 36 months for car with sticker price of 58k+ the total out of pocket (all fees rolled over in monthly payment) should be around 375X36=Around $13500.-14000...?.( no deposit)
Well, not exactly.

Seems to me is that they gave you a great price with $47,650, but then jacked up the fees, money factor and residual. Hard for me to tell to exactly what, but by law they are not allowed to jack up the money factor (currently .0013) to more than .0017. That's by far not enough to get to a 550p/m, so probably also very low residual (58-60%) depending on those other 'fees' (=dealer profit).

For comparison, with the dealer incentive and $1K voucher, a selling price of $51,500 would be pretty good. Add in the only unavoidable (acquisition) fee of $795 (they can jack that up to a max of about $995), a 66% residual with a .0013 money factor, the monthly would be around $510 a month without extra security deposits.

So the seemingly good deal in selling price gets butchered in fees and interest to the tune of an extra $1,500 to the dealer.

If you can spare the cash for security deposits, which will be refunded at the end of the lease, you should as it will drop the monthly to $465 a month, saving another $1,500 or so over the term of the lease.

And this would still leave a little bit of haggle room, especially given that it's the end of the month and the 2016 340's are about to hit the dealer lots.
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  #131  
Old 07-25-2015, 09:53 PM
argh argh is offline
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Originally Posted by GeoX750Li View Post
If that's the case sign me up! But not likely, as the 2015 residual would necessarily be lower than the 2016 61%.
Shouldn't it be higher since they're trying to clear their inventory of 2015's? Actually, the 2016's residual is a bit low because it is in high demand and short supply.
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  #132  
Old 07-25-2015, 10:00 PM
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By the way, if you go the first page of this thread, you can download a lease and finance worksheet by dwlink with instructions. If you play around a little with it, you will be able to figure out the monthly's of any lease (not only BMW's). You might have to adjust for state sales tax and a few other things, but with msrp, selling price (including fees), residual and money factor you can calculate any and all leases (or financing).
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  #133  
Old 07-26-2015, 05:45 AM
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GeoX750Li GeoX750Li is offline
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Shouldn't it be higher since they're trying to clear their inventory of 2015's? Actually, the 2016's residual is a bit low because it is in high demand and short supply.
No, argh is right that the price of the 2015 is lowered to try to move the old inventory. But the residual of a 2015 is going to necessarily be lower than a 2016.

Think about it, in 3 years what is going to be worth more, a 2015 335 or 2016 340? While they can inflate the 2015 residual somewhat, a 2015 is not going to be worth more than a 2016.

The 2015 is already a year old car, and will always be a year older.
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  #134  
Old 07-26-2015, 06:13 AM
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2015 residual is currently higher than 2016 because BMW wants to move them off the lot and a lower lease payment is the sure way to do it.
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  #135  
Old 07-26-2015, 07:09 AM
argh argh is offline
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That would be true if a lease residual value is the same as market value. However, residual value in a lease only has effect on your monthly payment and the amount you can buy the car for from the lessor at lease end. 'Inflated' residual value now will mean lower monthly payments and highly likelihood the lessee will not want to hang on to the car at lease end as it would cost you considerably more than market value. So BMW jacks up the residual of the outgoing model because the car is losing value to them quickly and garantuees that in three years you will be shopping for a new car again, likely to be a new BMW.
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  #136  
Old 07-26-2015, 09:51 AM
Highway280 Highway280 is offline
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Quote:
Originally Posted by argh View Post
That would be true if a lease residual value is the same as market value. However, residual value in a lease only has effect on your monthly payment and the amount you can buy the car for from the lessor at lease end. 'Inflated' residual value now will mean lower monthly payments and highly likelihood the lessee will not want to hang on to the car at lease end as it would cost you considerably more than market value. So BMW jacks up the residual of the outgoing model because the car is losing value to them quickly and garantuees that in three years you will be shopping for a new car again, likely to be a new BMW.
There are three end-of-lease scenarios:

- the car has a market value exactly equal to the residual. In this case it doesn't matter whether the consumer buys or not;

- the car's market value is above the residual, in which case the consumer gets a good deal by buying it;

- the car's market value is below the residual. This seems to be the BMW approach as described above. Can the consumer use this as leverage? For example, if the market value at turn-in time is $25k but the residual (set artificially high to move the car in the first place) is $30k, would BMW ever accept a buy out offer lower than the residual rather than take the car back?
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  #137  
Old 07-26-2015, 10:53 AM
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Originally Posted by Highway280 View Post
There are three end-of-lease scenarios:

- the car has a market value exactly equal to the residual. In this case it doesn't matter whether the consumer buys or not;

- the car's market value is above the residual, in which case the consumer gets a good deal by buying it;

- the car's market value is below the residual. This seems to be the BMW approach as described above. Can the consumer use this as leverage? For example, if the market value at turn-in time is $25k but the residual (set artificially high to move the car in the first place) is $30k, would BMW ever accept a buy out offer lower than the residual rather than take the car back?
It is my understanding BMW (or whoever owns the lease) will never sell the car for less than the lease residual/buyout.
Personally, I am currently looking at leasing one of the few remaining manual 335xi's at a very favorable rate, knowing I should not fall in love with the car, because at lease's end buying that car would wipe out any current discounts. Buying it now would not be nearly as favorable as leasing it now.
The next option is to lease an ED 340xi with a much lower residual, with a fairly good chance that buying (or selling) it at the end would be a good deal, or not a bad deal at least.
Buying an ED 340xi now is feasible too, as I don't mind owning it beyond 100k.
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  #138  
Old 07-26-2015, 11:07 AM
uvea23 uvea23 is offline
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Quote:
Originally Posted by argh View Post
It is my understanding BMW (or whoever owns the lease) will never sell the car for less than the lease residual/buyout.
Personally, I am currently looking at leasing one of the few remaining manual 335xi's at a very favorable rate, knowing I should not fall in love with the car, because at lease's end buying that car would wipe out any current discounts. Buying it now would not be nearly as favorable as leasing it now.
The next option is to lease an ED 340xi with a much lower residual, with a fairly good chance that buying (or selling) it at the end would be a good deal, or not a bad deal at least.
Buying an ED 340xi now is feasible too, as I don't mind owning it beyond 100k.
Argh, i am in kind of same situation except i will be leasing; getting a 335xi if the deal is great else waiting for 340i (non xdrive)
As i always plan to turn the car in at the time of lease end ,have always looked at the the total out of pocket for the entire lease term
so as of today-
for 335xi instock the best i have got from dealer is:$19300 MSRP $58K(for the build i want)
for 340i ED its: $24340 MSRP $57045

So the question is is 340i worth the extra 5K?

Thanks!
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  #139  
Old 07-26-2015, 11:22 AM
argh argh is offline
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Quote:
Originally Posted by uvea23 View Post
Argh, i am in kind of same situation except i will be leasing; getting a 335xi if the deal is great else waiting for 340i (non xdrive)
As i always plan to turn the car in at the time of lease end ,have always looked at the the total out of pocket for the entire lease term
so as of today-
for 335xi instock the best i have got from dealer is:$19300 MSRP $58K(for the build i want)
for 340i ED its: $24340 MSRP $57045

So the question is is 340i worth the extra 5K?

Thanks!
For me, European Delivery has extra value as I am going to Europe for a month regardless. The 340 has a slightly more powerful engine, supposedly better suspension and steering, although that has not really been confirmed (yet). It also has the advantage of ordering it exactly to your liking.

Since you are leasing anyway, if you find a 335 that comes close to your perfect build for a very good price, I think the extra 5K isn't really worth it. Even I am very tempted to forego on the 340 ED. Just to cover my bases, I will attend a BMW test drive event this week for a potential $1K discount.
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  #140  
Old 07-26-2015, 03:10 PM
PhantomCypher PhantomCypher is offline
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What is the residual for a 2015 328D 12k/24 months?
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  #141  
Old 07-27-2015, 06:51 PM
Highway280 Highway280 is offline
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Don't know if this the right thread, but how much would you expect a very low milage CPO to be discounted? I've found one that's close to my ideal configuration, a 2015 CPO with under 4k miles, and am trying to figure out how much to offer below the market price for a new one.

Last edited by Highway280; 07-27-2015 at 06:53 PM.
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  #142  
Old 07-27-2015, 06:54 PM
Hookster57 Hookster57 is offline
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  #143  
Old 07-27-2015, 06:58 PM
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GeoX750Li GeoX750Li is offline
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Originally Posted by PhantomCypher View Post
What is the residual for a 2015 328D 12k/24 months?
Post 115 above listed 71% for 10K/24 months.

https://www.bimmerfest.com/forums/sho...&postcount=115

12K Miles probably 1% lower?
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  #144  
Old 07-27-2015, 11:28 PM
fourseriesfan fourseriesfan is offline
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Originally Posted by voip-ninja View Post
If you lock a credit application against a 2015 model you should be able to lock the current top tier discount MF of .00128 for at least 60 days.
Hi voip,

Does the 2015 model top tier MF of .00128 also apply to 4-series?

Thanks.
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  #145  
Old 07-27-2015, 11:39 PM
fourseriesfan fourseriesfan is offline
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Available incentives on 2015 4-series

There won't be any driving events near me for quite a while.

Are there any other BMW/dealer incentives available for a 2015 4-series lease right now?
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  #146  
Old 07-28-2015, 05:21 AM
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Hi voip,

Does the 2015 model top tier MF of .00128 also apply to 4-series?

Thanks.
Yes, that's the MF for the 4 series right now as well.
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  #147  
Old 07-28-2015, 04:17 PM
fizzguy fizzguy is offline
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Working through final details of a deal through car broker (thanks for the great tip, voip-ninja!).

2016 340i w/ Xdrive
A83 - Glacier Silver Metallic
ZDA - Driver assistance package
ZCW Cold Weather Package
LCL8 - Black Dakota Leather with Dark Oyster highlight
ZMP M - Sport Package
4FT - Brushed Aluminum Trim with gloss black highlight
609 - Navigation system (priced separately, not part of the tech package)

MSRP: $54,450
Invoice:$50,840
Current offer: $51,590 (invoice + $750).

At this moment, I plan to buy, so lease details not relevant. Does this sound about right?
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  #148  
Old 07-28-2015, 04:53 PM
argh argh is offline
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Originally Posted by fizzguy View Post
Working through final details of a deal through car broker (thanks for the great tip, voip-ninja!).

2016 340i w/ Xdrive
A83 - Glacier Silver Metallic
ZDA - Driver assistance package
ZCW Cold Weather Package
LCL8 - Black Dakota Leather with Dark Oyster highlight
ZMP M - Sport Package
4FT - Brushed Aluminum Trim with gloss black highlight
609 - Navigation system (priced separately, not part of the tech package)

MSRP: $54,450
Invoice:$50,840
Current offer: $51,590 (invoice + $750).

At this moment, I plan to buy, so lease details not relevant. Does this sound about right?
If that's the deal it seems pretty ok assuming you included dealer fees, but those options add up to a few grand more (including D&H) than the MSRP you quote?!
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  #149  
Old 07-28-2015, 05:09 PM
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Weaselboy Weaselboy is offline
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Originally Posted by fizzguy View Post
At this moment, I plan to buy, so lease details not relevant. Does this sound about right?
That is an excellent deal. I think perhaps better deals can be had later in the year, but for a new (refreshed) model still in somewhat short supply, that is a great deal.
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  #150  
Old 07-28-2015, 05:19 PM
fizzguy fizzguy is offline
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Originally Posted by argh View Post
If that's the deal it seems pretty ok assuming you included dealer fees, but those options add up to a few grand more (including D&H) than the MSRP you quote?!
You are correct argh, I forgot I dropped the m-sport package. Very good eye!
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