UPDATE: $1260 option cash available ONLY on the RWD sedan. $1840 option credit for xDrive sedans. $1000 applies to all 3-series (excluding the wagons and diesel). With these rebates, I think I will be updating THE LIST to include the sedan. I’m really digging the $1260 option plus $1000 lease cash right now on the sedan.
Info courtesy of Dave, so all you So Cal residents, please show him the love by giving him the 1st shot at earning your business.
My Take: There are some changes to the 3-series lease rates. For the most part, they are good, specially on the coupes. MF drops on the 328xi and it also miraculously goes up 1% in residual. LOL. The 335d drops 3% in residual value (bad) and the 335i and 335ix coupes’ money factor drop to .00165, from .00175 (good). The 335ix suffers a 1% residual hit however. Other than that, most of the lease rates are unchanged from June on the 3-series. Nothing exciting going on with the Ms. If you are in the market for a BMW coupe, this month is pretty good. I believe that $1260 option credit is still going on for automatics, so jump on it! That should easily save you around $30 a month.
Here’s some free advice that actually saves you money. If your lease is a few months away from ending, figure out how much extra it would cost you if you wait vs if you get a car now. I reminded everyone not to sit on the C350s due to the low money factors and the $2000 cash for almost 4 months. People who pulled the trigger before the end of June saved themselves $2000. Those who didn’t are pretty much shopping for something else right now. So here you have a $1260 free automatic option which I believe is untaxed (a good thing) on the 3-series. If you still have a few months left on your lease, figure out if its more that this discount or not. If its more, you obviously wait. If its not, pull the trigger. Banks pull these promos out without warning. I can’t predict these things, not one can. If I could, believe me, I would tell you. You are literally taking your chances here. Sometimes you win, sometimes you lose.
Quick Links
2009 BMW 3-Series
2009 BMW 328i Sedan
24-month | 15k miles | residual 62% | .00220 base money factor
36-month | 15k miles | residual 57% | .00220 base money factor
48-month | 15k miles | residual 38% | .00265 base money factor
60-month | 15k miles | residual 32% | .00265 base money factor
2009 BMW 328xi Sedan
24-month | 15k miles | residual 62% | .00225 base money factor
36-month | 15k miles | residual 57% | .00225 base money factor
48-month | 15k miles | residual 37% | .00265 base money factor
60-month | 15k miles | residual 31% | .00265 base money factor
2009 BMW 328i Coupe
24-month | 15k miles | residual 62% | .00150 base money factor
36-month | 15k miles | residual 58% | .00150 base money factor
48-month | 15k miles | residual 36% | .00265 base money factor
60-month | 15k miles | residual 31% | .00265 base money factor
2009 BMW 328xi Coupe
24-month | 15k miles | residual 62% | .00135 base money factor
36-month | 15k miles | residual 58% | .00135 base money factor
48-month | 15k miles | residual 36% | .00265 base money factor
60-month | 15k miles | residual 31% | .00265 base money factor
2009 BMW 328i Convertible
24-month | 15k miles | residual 62% | .00180 base money factor
36-month | 15k miles | residual 58% | .00180 base money factor
48-month | 15k miles | residual 39% | .00265 base money factor
60-month | 15k miles | residual 32% | .00265 base money factor
2009 BMW 328i Wagon
24-month | 15k miles | residual 59% | .00215 base money factor
36-month | 15k miles | residual 55% | .00215 base money factor
48-month | 15k miles | residual 34% | .00265 base money factor
60-month | 15k miles | residual 28% | .00265 base money factor
2009 BMW 328xi Wagon
24-month | 15k miles | residual 60% | .00215 base money factor
36-month | 15k miles | residual 56% | .00215 base money factor
48-month | 15k miles | residual 34% | .00265 base money factor
60-month | 15k miles | residual 28% | .00265 base money factor
2009 BMW 335i Sedan
24-month | 15k miles | residual 61% | .00225 base money factor
36-month | 15k miles | residual 56% | .00225 base money factor
48-month | 15k miles | residual 36% | .00265 base money factor
60-month | 15k miles | residual 30% | .00265 base money factor
2009 BMW 335xi Sedan
24-month | 15k miles | residual 60% | .00225 base money factor
36-month | 15k miles | residual 56% | .00225 base money factor
48-month | 15k miles | residual 35% | .00265 base money factor
60-month | 15k miles | residual 29% | .00265 base money factor
2009 BMW 335d Sedan
24-month | 15k miles | residual 57% | .00250 base money factor
36-month | 15k miles | residual 53% | .00250 base money factor
48-month | 15k miles | residual 39% | .00265 base money factor
60-month | 15k miles | residual 33% | .00265 base money factor
2009 BMW 335i Coupe
24-month | 15k miles | residual 60% | .00165 base money factor
36-month | 15k miles | residual 57% | .00165 base money factor
48-month | 15k miles | residual 37% | .00265 base money factor
60-month | 15k miles | residual 31% | .00265 base money factor
2009 BMW 335xi Coupe
24-month | 15k miles | residual 60% | .00165 base money factor
36-month | 15k miles | residual 57% | .00165 base money factor
48-month | 15k miles | residual 37% | .00265 base money factor
60-month | 15k miles | residual 31% | .00265 base money factor
2009 BMW 335i Convertible
24-month | 15k miles | residual 61% | .00180 base money factor
36-month | 15k miles | residual 56% | .00180 base money factor
48-month | 15k miles | residual 36% | .00265 base money factor
60-month | 15k miles | residual 30% | .00265 base money factor
2009 BMW M3 Sedan
24-month | 15k miles | residual 54% | .00265 base money factor
36-month | 15k miles | residual 49% | .00265 base money factor
48-month | 15k miles | residual 37% | .00265 base money factor
60-month | 15k miles | residual 30% | .00265 base money factor
2009 BMW M3 Coupe
24-month | 15k miles | residual 54% | .00265 base money factor
36-month | 15k miles | residual 50% | .00265 base money factor
48-month | 15k miles | residual 38% | .00265 base money factor
60-month | 15k miles | residual 32% | .00265 base money factor
2009 BMW M3 Convertible
24-month | 15k miles | residual 50% | .00265 base money factor
36-month | 15k miles | residual 47% | .00265 base money factor
48-month | 15k miles | residual 34% | .00265 base money factor
60-month | 15k miles | residual 29% | .00265 base money factor
Hi G
Can you elaborate on the $1260 option credit?
Thanks!
basically, if you get a model that has an automatic transmission, its free because they will deduct $1260 (the cost of the tranny) from the MSRP price.
Thanks, G!
I will look into this 🙂
another dagger in the heart of manual transmission lovers.
@B. LOL. If you lived in metro cities in CA, you’d understand why people get autos so much…bumper-to-bumper traffic at any given time. even weekends!
is there still $1,000 lease cash?
As of 7/5, I’ve seen quotes with the $1000 lease cash, but only on the sedan.
Oh I understand the issue with traffic and auto trannys. But there are the weekend roadracers and autocrossers out there that still love their manuals.
Yeah that’s very true. I think a weekend car would be nice for that. On a side note, I am currently reconsidering my car options right now. Wife’s been racking up the miles on the TSX, which makes things a bit difficult when friends and family come to town since not everyone fits in my coupe. Wife doesn’t want the coupe due to the premium gas and the 50 miles a day she drives. Sadly, I may have to consider trading my lease or selling the car. Frustrating cuz its such as cool car!!! Haha.
Well good luck! I think lease transfers are the best option right now because of how far used car resale values have fallen. I had someone that wanted to take over the wife’s lease on the GLI… but I’ve recently learned that if you are in the last 12 months of a VW Credit lease then you are SOL. No lease transfers in the final 12 months is their rule 🙁
I know, i looked into the resale values. freaking crap! i’m down like 2k and I barely have over 10k miles on a 14 month old car. I think my best bet is to transfer my lease. I still have over 2 years left, so I think I’ll be alright. I just hate having to do this towards the 2nd half of the year, when lease rates suck. LOL. I’m thinking maybe I’ll get a used GTI and mod the heck out of it. Haha. That’d be fun. Then I’ll just pick up a SUV next march or something.
G—
I am in the market for a 36-mo. lease on a 328i sedan with 10,000 mi./yr. and am aware of the current incentives: $1,000 cash plus the free auto transmission. To get to the current BMWFS lease special of $349/mo. with $3,500 down, you need to use a 0.00135 money factor. Residual is 60% per MSRP and purchase option. As noted on the BMW website, the lease special is for a 328i with Premium package, auto transmission and destination for MSRP of $39,100. My questions for you are:
1) Is the money factor I am using to get to the $349/mo. (0.00135) correct? i.e. is BMW Financial Services subsidizing the money factor from the 0.00220 that you published for July?
2) If I want to replicate the lease special without putting $3,500 down (i.e. zero cap reduction), does that translate into $451/month with $0 down (again, using the implied 0.00135 to get to this)?
3) Invoice on this car is $36,045. What would the monthly be on this car at invoice (assuming transmission credit + $1,000 cash are used to reduce MSRP and the dealer makes up the difference to get to $36,045 invoice)? At a hypothetical $36,045 negotiated price, would the monthly be $430/mo. (using the backed-into 0.00135 money factor from the lease special) or $480/mo. (using the 0.00220 money factor that that you posted)?
4) Any thoughts on leasing now (sometime before the end of July) or waiting until next month? The $349 lease special fine print says “…through August 31, 2009” but could the $1,000 cash and the free auto transmission go away after July? I would prefer to wait until next month if the incentives/lease special will be there then.
I hope this makes sense. Sorry for the long post. Thank you VERY much!
@ThanksG. You’re welcome! 🙂
1) Actually, the MF generally does not dip below the base rate unless you are putting down security deposits. I just took a look at the deal and the only way to get to that advertised lease deal is to put down $3500, apply the $1000 lease cash, 60% residual using a .0022 MF. They also have to set the sale price at around $36190 in order to make this happen. So the question really isn’t much about what the MF is, but rather, is 36190 a good sale price? The answer is NO. You are still looking at a “over invoice” sale price, which is just plain silly considering the $1260 auto option rebate that’s available.
2) If remove u cap reduction but keep the $1k lease cash, i get $454.
3) Here’s my suggestion on what you should do. $1260 option cash, $1000 lease cash and take that off the sale price of $500 over invoice (cuz dealers gotta eat too), for a final cap cost of $34285. You will still need to pay almost $2000 on inception fees, but your monthly payment should be around $427 a month + tax. This is using the .00220 MF which requires a security deposit and excellent credit.
4) If I could predict the future, I’d be in Vegas. LOL. All kidding aside, I think that there isn’t a way to know when the best time is. If it works best for you to do it after July, then you should consider it. However, I think the add deal probably only takes the $1000 lease cash into consideration, not so much the option rebate. The rebate could be gone by next month, so the lease will end up running you about $30+ more per month, unless u opt for a manual transmission, then it won’t really matter. I am an advocate in pulling the trigger on deals when they feel right. I did it on my G37 last May and I don’t regret it because had I waited until my lease expired, I would have ended up playing a few thousand more because the rates worsened. Another example if the folks wanting a C350. I reminded everyone for about 4 months, now the $2000 cash is gone and the lease is much pricier. Hats off to those who took advantage of it when they did. They saved themselves a cool $2000. Too bad I haven’t gotten any gift cards in the mail. 😀 (I am kidding!!!)
Hey would it be possible to post July Mazda cx-9 numbers and July infinti g37x numbers…thank you
G,
Thanks to your advice and guidance on leases, I was able to lock in June rates for my 2009 328i Coupe which I have pre-ordered ($500 refundable deposit). Here’s the details:
MSRP $42,950
Selling Price $40,240 ($100 over invoice including MACO and training)
Adjusted Cap Cost $39,240 ($1,000 Lease Cash Offer)
Residual 60% or $25,770
MF: .00116 (.00165 for new BMW customers reduced by 7 MSDs)
Term: 36 months (12,000 miles per year)
LST: 9.75% (Los Angeles)
Monthly Payment $493.41
7 MSDs $3,500
License Fee $550
Doc Fee $45
Tire Tax $7
Acquisition $725
Cap Cost Reduction Tax $97.50
Acq Fee Tax $70.69
Doc Fee Tax $4.39
$5,492.99 due at signing ($3,500 MSD refunded at lease end)
The order is expected to be at the dealership by late August, but I’m hoping it gets here sooner. Again, thanks for a great site!
-KZO
@KZO. I like it. I am glad you took advantage of the MSD. That was one question I wanted to ask Dave about that I forgot to. But apparently you can still do them, so if anyone tells you otherwise, they are wrong. MSDs is something most people don’t do because they don’t like locking down so much cash with the dealer. However, I think it’s a smart way to go if you can reduce your money factor by at least 1% APR. In your case, you are going from 3.9% down to 2.7% on a $13470 loan. That is more significant savings than 1.5% APR on $3500 in a savings account. Not to mention the fact that interest earned gets taxed. Anyway, Looking good. Fees look honest, so no problems there. Congrats! Please check back in when your car arrives. Remember, if the rates drop when the car comes, you can take August’s rates instead. As long as you don’t “take delivery” of the vehicle, you can redraft contracts with the new lease rates. That applies to pretty much all makes.
G:
Is it realistic to get the 3-Series at invoice and not a penny more for the cap cost or the dealer will think you’re a lowballer because there’s no holdback?
Thanks!
@supercharger. If you are looking to get invoice + the rebates that are going on right now for the 3-series, I think you might be able to if you got a good 4-5 dealers within 30 min distance from you that are willing to gain your business. Generally speaking though, I haven’t heard of anyone get invoice + rebates yet.
I got $600 below invoice using this site at the end of May (and was good through June). You just have to hassle enough dealers and wait for the right dealership to bite. My deal was so good I had several dealers calling it “BS”. Don’t be fooled.
@brian. that’s awesome brian. wow you know, I should keep a tally of how much money you guys saved by using this site. I bet we’ve cracked at least $20,000-$30,000 over the past year or so. It really pays to do your research!
G: Fantastic website. Love the info. I’ve done pretty well with straight purchases over the years but am considering my first lease. Already your site has helped. I’m working a deal on a 335i coupe for $500 over invoice before negotiating the rest of the lease.
My questions:
1. From the above comments, it appears that the $1260 AT credit can be used in conjunction with the $1000 lease credit. Please confirm.
2. Assuming I opt for adding the items for #1 would the starting MF on a 36mo, 15k/yr lease be .00165?
3. Assuming excellent credit, how many MSD’s are recommended before they payback is diminished: 5 as per above?
Much thanks
@ChrisF. $500 over invoice is pretty awesome. I think you should be able to use that lease cash.
1. The $1260 option can be used with the $1000 lease cash, but the coupe doesn’t seem to qualify for the credit option. Only the sedan. That is what Dave from LB BMW has told me anyway.
2. To get the lowest base rate, you need to have Tier 1 credit and put a security deposit. That is as low as it goes without MSDs. Once you qualify for that rate, the MSDs will bring it down lower. I’ve heard .00015, but I’m hearing .00007 now. Bummer.
3. I would put at least 5. I have seen up to 8. But depends on the car.
G, thank you for very good info.
Here is a deal I have gleaned from a popular dealership in NJ.
328xi
MSRP 43050
Gross Cap cost: 38345
No cap cost reduction.
MF .00176 with additional 7 MSD
Security deposit :4000
Dealer doc fee 349
Monthly payment 469
Sales/Use tax prepaid 1106
Bank fee 350
1st year fees 306 (MV title etc.)
I would be interested in your opinion on my deal.
Thanks
@BMWinNJ. No problem! Very good sale price. This is a good lease, since you are able to lower the MF with your MSDs. I like it!
@G
Isn’t his dealer doc fee a bit high at 349?
@supercharger. That is true, but it really depends on the state. In CA, it’s capped at $45. In other states, there aren’t any regulations on how much the dealer can charge for dealer doc fee, so it can easily exceed $349. The good news is that his bank fee is much lower than the standard BMW bank acquisition fee, so it’s practically a wash.
G,
Any idea if the AWD and Auto credit’s can be combined?
@ryan. I emailed Dave. I’ll post his answer once he replies.
@ryan. Here’s an update from Dave. “The AWD credit is like 1,840 alone and not in addition to the 1,260 for RWD. I’m not 100% if there’s still the 1000 lease cash however if there is, you can combine the 1,840 to the initial cap cost & 1000 to the driveoff on a 328 AWD sedan”. He was not at work yesterday, so he didn’t get a chance to check about the lease cash. Maybe you dealer can fill you in more on that.
Is it too late to order a 2009 335i coupe? Or at this point is it only possible to order a 2010?
@jtl. I send off an email to Dave, we’ll see what he says. I’m guessing it might still be possible to get a 09, but i’ll update you once i hear from him.
I found a deal for a 2009 335 coupe for Edmunds invoice plus Maco 380 and training 180. Buy rate at .00165 and residual at 59% for 12,000 miles.
The fees are inflated:
$55 for doc fee
$925 for acquisition fee
8.75 Tire fee
I fought for $45 doc fee plus $725 acquistion fee but they won’t budge and say that invoice plus Maco/training is their bottom line and is a really good deal. They said that they might be able to do better on a sedan but not on a coupe. They then told me to call other dealers and see if I could find someone to do it for $725.
Do I have a good deal here? $580 over invoice and paying an extra $200 in acquisition and $10 in doc fee. Should I go for this deal?
@jtl. I know for a fact training is bogus. I think one of the past comments addressed that. IF they want to make a deal, they will waive it. Maco, never heard of it, try to get that waived too.
I’ll be posting the 3-series numbers later today, so you should be able to confirm those numbers in the new post.
Doc fee is $55? what state are u in? In CA, its $45. $55 is for buying not leasing.
Acquisition seems to vary from state to state, I’ve heared $725 to $925.. Tire fee is about right. By the way, I’m told the lease cash got bumped to $2000, so you really should be able to dip below invoice or at least hit invoice price without much effort. If your current dealer won’t budge, I really suggest that you find a new one. As it stands right now, no deal. too many wacky fees.
@G, i tried to use the excel on leasing..couldn’t fiqure out where to imput some of the number. on the excel, what’s the difference First Payment + Cap Reduction and First Payment + Inception Fees + Cap Reduction
here is my lease term, should i bunge?
46k 328i coupe
42910 selling price
2200 on msd
3 yr lease 12k
minimum drives $1333.83
total drive off $3533.83
acq fee $925
residual $27600
60%
money factor .00122
$2000 lease cash
$480.13+tax
@jkl. sorry about the confusion. the 1st payment + cap reduction is basically what you would pay at signing if you were to just pay your 1st payment + whatever cap reduction you chose to put towards the car. the 2nd field would be what’s due if you chose to pay your inception fees, 1st payment and cap reduction up front. I don’t have a field for MSDs, so you would have to keep that out of the formula, but apply the reduced MF then included your MSDs as part of your drive-off fees. Overall, your deal is pretty good so I would pull the trigger on it.