Help with lease calculation on 2016 340i Manual

NUFC3er · 02-19-2016, 09:43 AM

I am about to place my order for a 2016 340i RWD manual. My 2013 328i lease is about to end and I couldn't be happier, but upgrading to the 6 cylinder and extra HP of the 340i.

My build looks like this:

Silver
Coral Red
Cold Weather
M-Sport
Manual

MSRP $52,195

Discounts

Fleet $1500
Options credit $1000
UDE $1000
BMW loyalty $1000

Plus $500 rebate for BMW CCA

Base MF of .00132 minus fleet rate reduction of .0002

Zero down on a 15k lease for 36 months with 9% tax in PA.

What will my monthly payment be? Start up costs?

Thanks

NUFC3er · 02-19-2016, 10:07 AM

mbanks21 · 02-19-2016, 10:41 AM

Monthly should be around $546. With nothing down (no MSDs either) you're looking at normally first month plus fees so figure around $2k

eluded · 02-19-2016, 04:01 PM

Save the manuals!

BMW in NE · 02-19-2016, 05:15 PM

I have no idea what the residual is on a 15k lease... assuming 61% I have you @577.72 w/ tax. That's with you paying the fees and 1st month out of pocket.

NUFC3er · 02-19-2016, 07:20 PM

I've been offered the car for $558 with $772 due at delivery.

I'm happy with that.

Thoughts?

NUFC3er · 02-19-2016, 07:28 PM

I think the dealership is offering me the base MF of 0.00132. The fleet discount should lower the MF by 0.0002.

If my calculations are correct the monthly should be $542.36

Maybe I can add the Track Handling Package and 19" wheels after all

Buzzo · 02-20-2016, 07:36 AM

Quote:

Originally Posted by NUFC3er

I am about to place my order for a 2016 340i RWD manual. My 2013 328i lease is about to end and I couldn't be happier, but upgrading to the 6 cylinder and extra HP of the 340i.

My build looks like this:

Silver
Coral Red
Cold Weather
M-Sport
Manual

MSRP $52,195

Discounts

Fleet $1500
Options credit $1000
UDE $1000
BMW loyalty $1000

Plus $500 rebate for BMW CCA

Base MF of .00132 minus fleet rate reduction of .0002

Zero down on a 15k lease for 36 months with 9% tax in PA.

What will my monthly payment be? Start up costs?

Thanks

Great build! Almost picked Silver&Red myself, but went Estoril&Brown instead.

Your question is lacking some crucial information: sale price and dealer fees. If I read this correctly you're paying the dealer msrp.

For example, if I plug the following into The Spreadsheet (http://www.bimmerfest.com/forums/sho...php?t=830104):

$48,745 (invoice) PLUS $1,000 (dealer profit including dealer fees) MINUS $5,000 (discounts) = $44,745.
Combine that with 9% tax rate, 61% residual and .0013 money factor and the monthly comes to $502 with $2,000 due at signing ($925 acquisition fee, first month and security deposit).
I would also put down max MSD's for an effective MF of .00081, a monthly of $461 and $5,400 due at signing (you will get $4,000 back when the lease ends).

NUFC3er · 02-20-2016, 07:56 PM

Thanks Buzzo.

I'll plug my numbers into the spreadsheet.

I'm being offered $500 over invoice, $49,145

Acquisition fee is $925

P.S. My 2013 is EB II. It's such a great color, but needed to change it up.

R12ax7 · 03-22-2016, 02:37 PM

Quote:

Originally Posted by NUFC3er

I am about to place my order for a 2016 340i RWD manual. My 2013 328i lease is about to end and I couldn't be happier, but upgrading to the 6 cylinder and extra HP of the 340i.

My build looks like this:

Silver
Coral Red
Cold Weather
M-Sport
Manual

MSRP $52,195

Discounts

Fleet $1500
Options credit $1000
UDE $1000
BMW loyalty $1000

Plus $500 rebate for BMW CCA

Base MF of .00132 minus fleet rate reduction of .0002

Zero down on a 15k lease for 36 months with 9% tax in PA.

What will my monthly payment be? Start up costs?

Thanks

I am about to place a 340 order myself, also in SE PA. Just wondering about the "Fleet" discount you mentioned. How do you get that?

Also, I am aware of the options and loyalty credits, is the UDE an "Ultimate Driving Event" credit? If so, did you really have to attend or can they give you that regardless?

Maybe I'll check out your dealer (Otto's?) if i cant get my guy to come down.

mtx450 · 03-22-2016, 02:57 PM

Not sure if you can afford to do it, but I would pay taxes out of pocket. I did it on my car and after negotiations got it for $600/mo on a MSRP of $58,500.

Congrats on the build! I ordered mine on 2/1 and it's almost here!

mtx450 · 03-22-2016, 02:59 PM

Quote:

Originally Posted by BMW in NE

I have no idea what the residual is on a 15k lease... assuming 61% I have you @577.72 w/ tax. That's with you paying the fees and 1st month out of pocket.

Residual for 15k should be >60%. I had 60% for 12k miles.

eluded · 03-23-2016, 10:36 PM

#SaveTheManuals

NUFC3er · 03-25-2016, 10:13 AM

Quote:

Originally Posted by R12ax7

I am about to place a 340 order myself, also in SE PA. Just wondering about the "Fleet" discount you mentioned. How do you get that?

Fleet discount is through my employer, Apple.

Also, I am aware of the options and loyalty credits, is the UDE an "Ultimate Driving Event" credit? If so, did you really have to attend or can they give you that regardless?

I did complete the drive, and I'm glad I did. Great day out and a tidy rebate of $1000

Maybe I'll check out your dealer (Otto's?) if i cant get my guy to come down.

Yes, Otto's.

My 340i finished production on Tuesday and is ready to ship.

NUFC3er · 03-25-2016, 10:15 AM

I made some last minute changes to my build:

Rear-wheel drive
Glacier Silver Metallic
Black Dakota Leather with Dark Oyster highlight
Aluminum Hexagon Trim with Estoril Blue matte highlight
Cold Weather Package
M Sport Package
19" Light Alloy Wheel Double-spoke Style 442 M Orbit Grey with Mixed Perf. Tires
Track Handling Package
Manual Transmission

NUFC3er · 03-25-2016, 10:16 AM

dc503 · 03-25-2016, 10:28 AM

Quote:

Originally Posted by R12ax7

I am about to place a 340 order myself, also in SE PA. Just wondering about the "Fleet" discount you mentioned. How do you get that?

Fleet is an employer discount program. I believe you need to provide a code for this if your employer participates.

ah3nyc · 04-01-2016, 12:00 AM

Quote:

Originally Posted by NUFC3er

I am about to place my order for a 2016 340i RWD manual. My 2013 328i lease is about to end and I couldn't be happier, but upgrading to the 6 cylinder and extra HP of the 340i.

My build looks like this:

Silver
Coral Red
Cold Weather
M-Sport
Manual

MSRP $52,195

Discounts

Fleet $1500
Options credit $1000
UDE $1000
BMW loyalty $1000

Plus $500 rebate for BMW CCA

Base MF of .00132 minus fleet rate reduction of .0002

Zero down on a 15k lease for 36 months with 9% tax in PA.

What will my monthly payment be? Start up costs?

Thanks

bmw cca can not be used with fleet program. I tried was denied several times.

dKNIGHT83 · 04-01-2016, 07:11 PM

You guys are so lucky in the states!! Its the double in canada !! Still stuck with my tsx!!

02-19-2016, 09:43 AM	#1
NUFC3er New Member 17 Rep 19 Posts Drives: 2016 340i M-Sport Track w 19s Join Date: Nov 2015 Location: New London, PA iTrader: (0)	Help with lease calculation on 2016 340i Manual I am about to place my order for a 2016 340i RWD manual. My 2013 328i lease is about to end and I couldn't be happier, but upgrading to the 6 cylinder and extra HP of the 340i. My build looks like this: Silver Coral Red Cold Weather M-Sport Manual MSRP $52,195 Discounts Fleet $1500 Options credit $1000 UDE $1000 BMW loyalty $1000 Plus $500 rebate for BMW CCA Base MF of .00132 minus fleet rate reduction of .0002 Zero down on a 15k lease for 36 months with 9% tax in PA. What will my monthly payment be? Start up costs? Thanks
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02-19-2016, 10:07 AM	#2
NUFC3er New Member 17 Rep 19 Posts Drives: 2016 340i M-Sport Track w 19s Join Date: Nov 2015 Location: New London, PA iTrader: (0)	Photo of my build
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02-19-2016, 10:41 AM	#3
mbanks21 Colonel 1268 Rep 2,953 Posts Drives: 2015 335i MSport Join Date: Aug 2013 Location: High Bridge, NJ iTrader: (8)	Monthly should be around $546. With nothing down (no MSDs either) you're looking at normally first month plus fees so figure around $2k
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02-19-2016, 04:01 PM	#4
eluded 2JZ-GTE 3005 Rep 3,986 Posts Drives: 340 6MT, 50e, others Join Date: Nov 2015 Location: Sofia iTrader: (0)	Save the manuals! __________________ A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.
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02-19-2016, 05:15 PM	#5
BMW in NE Second Lieutenant 69 Rep 287 Posts Drives: 2022 M340 xDrive Join Date: Dec 2013 Location: New England iTrader: (3)	I have no idea what the residual is on a 15k lease... assuming 61% I have you @577.72 w/ tax. That's with you paying the fees and 1st month out of pocket.
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02-19-2016, 07:20 PM	#6
NUFC3er New Member 17 Rep 19 Posts Drives: 2016 340i M-Sport Track w 19s Join Date: Nov 2015 Location: New London, PA iTrader: (0)	Dealer quote I've been offered the car for $558 with $772 due at delivery. I'm happy with that. Thoughts?
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02-19-2016, 07:28 PM	#7
NUFC3er New Member 17 Rep 19 Posts Drives: 2016 340i M-Sport Track w 19s Join Date: Nov 2015 Location: New London, PA iTrader: (0)	MF not being discounted? I think the dealership is offering me the base MF of 0.00132. The fleet discount should lower the MF by 0.0002. If my calculations are correct the monthly should be $542.36 Maybe I can add the Track Handling Package and 19" wheels after all
	Appreciate 0 Quote

02-20-2016, 07:56 PM	#9
NUFC3er New Member 17 Rep 19 Posts Drives: 2016 340i M-Sport Track w 19s Join Date: Nov 2015 Location: New London, PA iTrader: (0)	$500 over invoice Thanks Buzzo. I'll plug my numbers into the spreadsheet. I'm being offered $500 over invoice, $49,145 Acquisition fee is $925 P.S. My 2013 is EB II. It's such a great color, but needed to change it up.
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03-22-2016, 02:57 PM	#11
mtx450 Lieutenant 169 Rep 548 Posts Drives: 2011 E90 M3 ZCP Join Date: Jan 2016 Location: Long Island, NY iTrader: (0) Garage List 2011 BMW M3 [0.00]	Not sure if you can afford to do it, but I would pay taxes out of pocket. I did it on my car and after negotiations got it for $600/mo on a MSRP of $58,500. Congrats on the build! I ordered mine on 2/1 and it's almost here!
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03-23-2016, 10:36 PM	#13
eluded 2JZ-GTE 3005 Rep 3,986 Posts Drives: 340 6MT, 50e, others Join Date: Nov 2015 Location: Sofia iTrader: (0)	#SaveTheManuals __________________ A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.
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03-25-2016, 10:15 AM	#15
NUFC3er New Member 17 Rep 19 Posts Drives: 2016 340i M-Sport Track w 19s Join Date: Nov 2015 Location: New London, PA iTrader: (0)	I made some last minute changes to my build: Rear-wheel drive Glacier Silver Metallic Black Dakota Leather with Dark Oyster highlight Aluminum Hexagon Trim with Estoril Blue matte highlight Cold Weather Package M Sport Package 19" Light Alloy Wheel Double-spoke Style 442 M Orbit Grey with Mixed Perf. Tires Track Handling Package Manual Transmission
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03-25-2016, 10:16 AM	#16
NUFC3er New Member 17 Rep 19 Posts Drives: 2016 340i M-Sport Track w 19s Join Date: Nov 2015 Location: New London, PA iTrader: (0)	Here she is...
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04-01-2016, 07:11 PM	#19
dKNIGHT83 Private First Class 62 Rep 169 Posts Drives: 2018 340 XDrive - 6 Speed Join Date: Feb 2016 Location: Montreal, Canada iTrader: (0)	You guys are so lucky in the states!! Its the double in canada !! Still stuck with my tsx!!
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