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      04-26-2013, 09:58 AM   #1
Jalva025dmd
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2013 BMW 328xi Leasing Help

I am interested in leasing a new 2013 BMW 328xi. I have been back and forth with the dealer trying to get a great deal. Here is the exact packages

Luxury Line
Premium Package
Technology Package
Lighting Package
Cold Package

With this month residual value and money value for 10K/36 months. What's a good range for a monthly payment, I am hesitant on putting too much of a down payment. But I do have the funds to put down. The only incentive I seem to qualify is new grad incentive, unless there is one I am not aware of. Would really appreciate your help

Thanks
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      04-26-2013, 11:51 PM   #2
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Don't put anything down. If anything just pay drive offs.

I'd also wait till May incentives roll out since April is not offering much. March was a good month so hopefully May will be as well.

What kind of #'s have you gotten so far?
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      04-27-2013, 08:51 AM   #3
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The numbers I crunched where in the vicinity of just drive offs around 470-480 a month
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      04-27-2013, 12:07 PM   #4
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Quote:
Originally Posted by Jalva025dmd View Post
The numbers I crunched where in the vicinity of just drive offs around 470-480 a month
I think a monthly payment in that range is probably a little optimistic. With just the options you mentioned (and metallic paint) your looking at an MSRP of ~$50,500. I was looking at a lease on a 328 with MSRPs both above and below that and with $0 down/just drive offs (which is definitely the way to go) 12k miles/year I was more in the $520-$540 range.

I think low $500s (assuming I have that MSRP right) is about the best you'll be able to do. FWIW I was getting the sale price down to about $500 over invoice, which is about right.

What dealer are you working with?
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      04-27-2013, 12:31 PM   #5
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Well the residual value of the car 10k /36 is much better 65 this month plus also depends on sales tax. Tax on leases in Philadelphia are 11% but in Florida it's 7 %. If I can get it right at 500 I will be happy
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      04-27-2013, 12:45 PM   #6
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I'm pretty sure the residual for 10k was 65% last month also. Either way, the reduction in monthly payment in going from 12k to 10k is generally around $25-$30 bucks, so you should be able to get right around $500. You really should pit different dealers against one another also, there are plenty in the area to do that with.
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      04-27-2013, 01:53 PM   #7
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go to bmwconfig.com
and build the vehicle with options you mentioned to see how much the invoice price is.

from that, deal selling price with dealer. usually about $1000 over invoice considers as a good deal.
give a dealer exact lease number (residual, money factor, msrp) to get lease payment.


and don't put money-down on your lease like other members say.
if you can do MSD, do it instead of down payment.
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      04-27-2013, 02:35 PM   #8
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I got two quotes already around that price. Have 3 dealers fighting
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      04-28-2013, 08:35 AM   #9
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Ended up switching gears and going for a 328i!!! Got it for high 400's!! Got a really great deal! Being built next month coming June!!
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      05-01-2013, 11:08 PM   #10
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Quote:
Originally Posted by Jalva025dmd View Post
Ended up switching gears and going for a 328i!!! Got it for high 400's!! Got a really great deal! Being built next month coming June!!

what was your msrp?
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      05-11-2013, 05:27 PM   #11
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Finally my CA emailed me today that my order was in!! Now what do I do?? Does he already have the production number on hand or does it have to go into production first??
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      05-17-2013, 12:05 AM   #12
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Just thought I'd share my deal and I am very curious on how I did??
2013 328xi sport line, premium, lighting, navigation
$3,256 down taxes, bank, mv and 1st month, $447 a month x 36 w/ 10,000 miles.
I inquired about the multiple sec. Deposits which Woulda been an additional $3150 out of pocket. Woulda brought payment to $401 a month for 10,000 miles. Big difference and I really wanted to but could not fork over 6k on a lease!!
FYI 1st time BMW owner and poster here.
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      05-17-2013, 07:06 AM   #13
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Quote:
Originally Posted by Lucky#slevin View Post
Just thought I'd share my deal and I am very curious on how I did??
2013 328xi sport line, premium, lighting, navigation
$3,256 down taxes, bank, mv and 1st month, $447 a month x 36 w/ 10,000 miles.
I inquired about the multiple sec. Deposits which Woulda been an additional $3150 out of pocket. Woulda brought payment to $401 a month for 10,000 miles. Big difference and I really wanted to but could not fork over 6k on a lease!!
FYI 1st time BMW owner and poster here.
First, welcome!


The MSD you get back vs. advanced payment (down) is just paying a portion of the lease 'up front'. So its pretty much a risk free investment when you consider the ROI (if done effectively) on the money saved each month - Awesome article here

Whats your tax rate?

Last edited by phx08; 05-17-2013 at 07:13 AM.
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      05-17-2013, 10:48 AM   #14
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Quote:
Originally Posted by phx08 View Post
First, welcome!


The MSD you get back vs. advanced payment (down) is just paying a portion of the lease 'up front'. So its pretty much a risk free investment when you consider the ROI (if done effectively) on the money saved each month - Awesome article here

Whats your tax rate?
N.Y. tax 8.875%
I read a few articles about the msd and the way I felt was that the money would be tied for at least 3 years. $6300 down on a lease I could not justify!! I feel that i would never see that money again because I know I will re-lease with BMW Essentially spending it. I know I would get it back if I walk away from BMW but I'm not anticipating that to happen anytime soon.
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      09-13-2013, 12:26 PM   #15
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I am also looking for lease.

I had recently a deal for

Harman Kardon
Lighting Pkg
Premium Pkg
Cold Weather Pkg

$512/36 with no down pmt.


I don't know if this is a reasonable deal.
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      09-13-2013, 01:12 PM   #16
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Quote:
Originally Posted by bm522 View Post
I had recently a deal for

Harman Kardon
Lighting Pkg
Premium Pkg
Cold Weather Pkg

$512/36 with no down pmt.


I don't know if this is a reasonable deal.
Hard to say!

What is the....?
Model/configuration
MSRP
Invoice
Sale Price
Incentives
Adjusted Sale Price (sale)
CAP (lease)
MF (lease)
Fees (breakdown)
Program Terms (financing. lease)
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      09-13-2013, 02:25 PM   #17
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Looks like the OP has been very secretive about any pricing options or so, but everyone has tried to help him out. Started off as someone totally unfamiliar with BMWs and then maybe not even familiar with leasing process.

He has placed and order now and I am not sure if he is really willing to check if he actually got a good deal or not. Placed an order, still for 2013? I am kinda lost in this thread and looks like with current info from OP, there is not much that can be done to help him out.



To the other guys, post your MSRP, Selling price, MF, lease terms and miles per year. There is no way to cook up all the numbers with options alone.

To those shooting for a ballpark monthly payment (and caring only about that as a point of assessing if you got a good deal or not), be prepared to be ripped off by your dealers because you come off as uninformed buyers.

Good luck ordering
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      09-13-2013, 05:07 PM   #18
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sorry, I thought the story was continuing..

It was 328xi 2013 alpine white

Harman Kardon audio.
Lighting Pkg
Premium Pkg
Cold Weather Pkg

Not a leather.

MSRP was $47,140 and sales price was $41.5k something..

I got a recent graduate discount, and no charges for documentation fees, and tax exemption.

And was $512/mo for 3years lease. /12k miles

He still said he was not guaranteed to get that car from other dealer, but there will be a extra charge for delivering I guess, not significant.
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      09-13-2013, 05:26 PM   #19
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Quote:
Originally Posted by bm522 View Post
It was 328xi 2013 alpine white

Harman Kardon audio.
Lighting Pkg
Premium Pkg
Cold Weather Pkg

Not a leather.

MSRP was $47,140 and sales price was $41.5k something..

I got a recent graduate discount, and no charges for documentation fees, and tax exemption.

And was $512/mo for 3years lease. /12k miles

He still said he was not guaranteed to get that car from other dealer, but there will be a extra charge for delivering I guess, not significant.
We're trying to help you, but you're not answering our questions. Maybe you already happy with your deal and just want an affirmation?

Your numbers don't add up, you're about $100/m too high.

Last edited by 328AL; 09-13-2013 at 05:53 PM. Reason: Numbers
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      09-13-2013, 06:14 PM   #20
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Quote:
Originally Posted by bm522 View Post
It was 328xi 2013 alpine white

Harman Kardon audio.
Lighting Pkg
Premium Pkg
Cold Weather Pkg

Not a leather.

MSRP was $47,140 and sales price was $41.5k something..

I got a recent graduate discount, and no charges for documentation fees, and tax exemption.

And was $512/mo for 3years lease. /12k miles

He still said he was not guaranteed to get that car from other dealer, but there will be a extra charge for delivering I guess, not significant.

It is very very reasonable to ask your dealer for all the numbers before you start evaluating a deal. Say they should be able to secure the car for you first and then talk any further. You should ask for details on this.

Looks like this is a 2013 car, coming from another dealership (yes you may be charged trucking).

Did the same thing for a family member, got $200 over invoice and additional Ultimate Drive Event Credit ($1000), Build out cash for August ($1000), and loyalty ($500). I think you get $2000 build out cash for 2013s and the new grad discount should be around $500 to $750 on a 3 series (not sure about this). Negotiate around the Invoice pricing before applying any incentives.

Just to give you an idea, we got a car $48300 MSRP. Selling price after all incentives was about $43000 or so. money factor was at dealer buy rate. Car was at another dealer and paid some $500 trucking, but it was great to get $200 over invoice to begin with, when the car was sitting somewhere else.
10k miles, 36 months. Monthly came to be $470 inclusive of 8% tax, with $0 down. Only first month, DMV registration, $725 acquisition and some $100 doc fee , minus loyalty cash : due at signing.


Something is missing from your equation of the deal.

You have taken a big step by coming to this forum and you are so close to understanding what is a fair price. I would recommend you do some homework and browse around this forum and ask, so you know you are getting a fair deal.

+1 to what 328AL said. Post your numbers and we are glad to help you out!
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      09-13-2013, 08:10 PM   #21
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I've been watching the lease offers since July and I'm curious about the MF for the current offer.

Current offer for a 2013 328i xDrive is $399/month for 36 months, 2K Build-out, $500 loyalty included in payment. $3874 due ($2750 down + first month payment + $725 acquisition fee). Please remember the offer excludes tax, title, license, registration, and doc fees.

MSRP is $42,875 and purchase option at lease end is $25296 so residual is 59%.
I assume Net CAP Cost is $37,625...(42,875 - 2000 buildout - 500 loyalty - 2750 down).
If so base monthly payment is $342.47...formula is (37,625 - 25,296) / 36.
Since the advertised monthly payment includes finance changes, $399 - $342.47 equals $56.53, which is the finance charge.
I think the formula for finance change is (Net CAP + Residual) * Money Factor. If I use a money factor of 0.0009, I get $56.63 ((37,625 + 25,296) x 0.009).

Can anyone confirm if this is the money factor for a 2013 328i xDrive? I called a couple of dealers, but I'm unable get a straight answer. If the MF isn't 0.0009 then the selling price must be lower (maybe some dealer contribution involved).
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      09-13-2013, 08:42 PM   #22
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Quote:
Originally Posted by Mike328x View Post
I've been watching the lease offers since July and I'm curious about the MF for the current offer.

Current offer for a 2013 328i xDrive is $399/month for 36 months, 2K Build-out, $500 loyalty included in payment. $3874 due ($2750 down + first month payment + $725 acquisition fee). Please remember the offer excludes tax, title, license, registration, and doc fees.

MSRP is $42,875 and purchase option at lease end is $25296 so residual is 59%.
I assume Net CAP Cost is $37,625...(42,875 - 2000 buildout - 500 loyalty - 2750 down).
If so base monthly payment is $342.47...formula is (37,625 - 25,296) / 36.
Since the advertised monthly payment includes finance changes, $399 - $342.47 equals $56.53, which is the finance charge.
I think the formula for finance change is (Net CAP + Residual) * Money Factor. If I use a money factor of 0.0009, I get $56.63 ((37,625 + 25,296) x 0.009).

Can anyone confirm if this is the money factor for a 2013 328i xDrive? I called a couple of dealers, but I'm unable get a straight answer. If the MF isn't 0.0009 then the selling price must be lower (maybe some dealer contribution involved).
The Invoice, CAP and Net CAP numbers should be provided to you or confirmed by your dealer, Net CAP your base number for your payment calculation.

Here is a better way to look your pricing for MY2013.
CAP = Dealer's Invoice - Additional Discount
Net CAP = CAP - Incentives ($2,500)
Financed amount = Net CAP - Residual of MSRP

Base MF for MY13 is 0.00125 APR = MF*2400=3%, you can reduce it further by MSDs

also if you buy your car within 30 from trading-in your all cat you get additional $500 toward your 1st month payment

So we need a bit more info from you in order to better help you
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