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      06-17-2013, 01:31 AM   #1
RonDeezy
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Need your guys' feedback on a 2013 328i Sport Line Lease Quote!

Going to be giving up my E90 for the all new F30!

Here is the breakdown:
2013 328I Sport Line Jet Black w/ Coral Red/Black Dakota Leather Interior
Base Price: $36,850.00
Sport Line: $2,500.00 ZSL
MoonRoof: $1,050.00 403
Bluetooth/USB : $650.00
Dakota Leather: $1,450.00
Dest and Handling: $925.00
Priced as equipped: $43,425.00
Selling Price: $39,600

Going to be a 3yr lease w/ 10K miles per year.
Money Factor: 1.27
Residual Factor: 65%

Residual Value: $28,226.25
Total Depreciation: $7,958.00
Capital Reduction: $3,415.75
Monthly Depreciation: $221.06
Monthly Rent: $81.80
------------------------------
Total Monthly Payment: $302.86
Tax of 7.5% $22.71
-------------------------------
Total of $325.57

Capital Reduction $3,415.75
Cap Reduction Tax (7.5%) $316.93
License & Registration $381.75
Bank Fee $725.00
Documentation Fee $85.00
First Payment $325.57
Security Deposit $0.00
Drive Off $5,250.00
-------------------
Trade Equity $0.00
Rebate $2,250.00
----------------------
Due at Signing $3,000.00

What do you guys think? Can I get a much better deal out of this??
I believe it is equipped with premium package and sport package.
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      06-17-2013, 09:01 AM   #2
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I mean you negotiated it down about 4K, and that figure must be right around invoice which is good.

Looks like you got a good chunk of rebates, mind sharing the breakout on those?

I think putting $3,000 is silly? Maybe put down 1-2K even if it makes your payment around $350-375 with taxes.

Also what is the bank fee? Never heard of this through BMW FS.

Aside from those inquiries/points, I think the deal is definitely solid.
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      06-17-2013, 09:47 AM   #3
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Quote:
Originally Posted by dwalls90 View Post

Also what is the bank fee? Never heard of this through BMW FS.
Since it is $725 its most likely the Acquisition Fee
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      06-17-2013, 10:45 AM   #4
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Quote:
Originally Posted by dwalls90 View Post
I mean you negotiated it down about 4K, and that figure must be right around invoice which is good.

Looks like you got a good chunk of rebates, mind sharing the breakout on those?

I think putting $3,000 is silly? Maybe put down 1-2K even if it makes your payment around $350-375 with taxes.

Also what is the bank fee? Never heard of this through BMW FS.

Aside from those inquiries/points, I think the deal is definitely solid.
I believe 1250.00 is bmw loyalty and the additional 1000.00 is from the ultimate drive event I attended.

Not sure of the bank fee either. Do you believe I can still negotiate the monthly just a bit more less?
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      06-17-2013, 12:05 PM   #5
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I think most people would tell you to put the $3k cap cost reduction towards multiple security deposits instead. Will still help to get your monthly payment down (although not as much), but you get the money back at the end and there's no risk of losing it if you total the car. (Plenty of threads on lease down-payments which go into more detail.)

(MSDs: http://www.bmwconfig.com/post/2011/0...nvestment.aspx)

Also, looks like you are considering the $500 loyalty turn key as part of your rebates. BMW will pay "up to $500" of your first monthly payment. So, if your payment is $3xx, then that's all you'll get. Also, there are some other conditions for this rebate... fine print here:

Quote:
Your dealer was correct on the turn key credit. You need to dispose of a car in order to get that. However, the $750 loyalty should have been applied. Here's the fine print:

1 Lease/Finance Loyalty Cash of $750 is available on all new model year 2013 and 2014 BMW models. The offer is valid through July 1, 2013 for vehicles purchased, ordered, or leased/financed through BMW Financial Services NA, LLC. Loyalty cash offer is available through authorized BMW Centers to qualified current BMW car/SAV owners and former BMW car/SAV owners who have disposed of their vehicle within the past 12 months. Offer cannot be applied retroactively. Lease/Finance loyalty cash must be applied to the lease/finance purchase and the BMW vehicle must be financed/leased through BMW Financial Services NA, LLC. The offer will be paid directly to the BMW center to offset the customer's closing costs. Lease/Finance Loyalty Cash cannot be applied toward tax, title or destination charges. Consult with your BMW Client Advisor for full program details, and to learn which vehicles and leasing or finance programs qualify. Lease/finance offers are subject to credit approval. Offer subject to change.

2 Turn-Key Lease First Payment Credit of up to $500 is available on all new model year 2012, 2013 and 2014 BMW models (excluding Executive Preference Program (EPP) vehicles). The offer is valid for vehicles leased, purchased or ordered February 1 – July 1, 2013 and leased/financed through BMW Financial Services NA, LLC. Turn-Key Lease First Payment Credit offer is available through authorized BMW Centers to qualified current BMW Financial Services lease and OwnersChoice customers and individuals residing in the same household as a qualifying customer (proof of residency required). New vehicle must be financed, leased or ordered within 30 days of returning the previous vehicle. Turn-Key Lease First Payment Credit must be applied to the first payment on a new lease or retail installment contract and the BMW vehicle must be leased/financed through BMW Financial Services NA, LLC. BMW Financial Services will pay up to $500 of the first monthly payment; customer will be responsible for any amount above $500. Lease/finance offers are subject to credit approval. Offer limited to one credit for each vehicle returned. Offer may be combined with other offers unless otherwise provided in the other offer. Offer is non-transferable except as provided in these terms.
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      06-17-2013, 12:11 PM   #6
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Quote:
Originally Posted by RonDeezy View Post
I believe 1250.00 is bmw loyalty and the additional 1000.00 is from the ultimate drive event I attended.

Not sure of the bank fee either. Do you believe I can still negotiate the monthly just a bit more less?
Loyalty is 750, there is an up to 500 turn key, do you qualify for it? Are you a current lessee ?

Deal is not bad, but I think you are missing the LIghting Package
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      06-17-2013, 09:01 PM   #7
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Quote:
Originally Posted by mntbiker View Post
I think most people would tell you to put the $3k cap cost reduction towards multiple security deposits instead. Will still help to get your monthly payment down (although not as much), but you get the money back at the end and there's no risk of losing it if you total the car. (Plenty of threads on lease down-payments which go into more detail.)

(MSDs: http://www.bmwconfig.com/post/2011/0...nvestment.aspx)

Also, looks like you are considering the $500 loyalty turn key as part of your rebates. BMW will pay "up to $500" of your first monthly payment. So, if your payment is $3xx, then that's all you'll get. Also, there are some other conditions for this rebate... fine print here:

Thanks for the awesome feedback on that! very helpful and a great way to save money. I will look into details going about a security deposit.
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      06-17-2013, 09:03 PM   #8
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Quote:
Originally Posted by kromix View Post
Loyalty is 750, there is an up to 500 turn key, do you qualify for it? Are you a current lessee ?

Deal is not bad, but I think you are missing the LIghting Package

yes I am a current lessee and I do agree I would love the lighting package but most of the cars at my dealer that are equipped with it are a bit out of my range.
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      06-18-2013, 07:19 AM   #9
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Quote:
Originally Posted by RonDeezy View Post
yes I am a current lessee and I do agree I would love the lighting package but most of the cars at my dealer that are equipped with it are a bit out of my range.
Why don't you custom order it? Same price....
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      06-18-2013, 10:40 AM   #10
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I was wondering why you went leather and moonroof without premium package but if its already built than that's fine

Like others said I would do msd's instead of down payment just because your paying an extra 30 or so a month but you get the full amount back after lease its a no brainer to me
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      06-20-2013, 02:06 PM   #11
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Originally Posted by ravennole View Post
I was wondering why you went leather and moonroof without premium package but if its already built than that's fine

Like others said I would do msd's instead of down payment just because your paying an extra 30 or so a month but you get the full amount back after lease its a no brainer to me
Definitely going to pursue msd's. Have you had any experience with this? Is it a guaranteed return?
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      06-21-2013, 06:30 PM   #12
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Quote:
Originally Posted by RonDeezy View Post
Definitely going to pursue msd's. Have you had any experience with this? Is it a guaranteed return?
I did MSDs this month when I signed my lease

I am a financial Advisor and I calculated that by "loaning" BMW 3150, I saved roughly 1300 dollars off my lease, roughly a 40% return over 3 years. That return is Tax Free and the only risk is if BMW FS fails. I am comfortable with that investment.

Only way I wouldnt do MSDs is if I didnt have the upfront cash.
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