2010 BMW 3-Series Lease Rates - November 2009

logo_bmw My Take: Happy Friday everyone! I’ll be out of town this weekend (again) so I’ll leave you with the latest BMW lease rates I found. BMWFS made some minor residual increases for some trims, but models got hit with a higher MF this month. Good news is that there is some holiday cash available for lessees. The 328i trims get $1500 and the 335i trims get $2500. Even the M3 gets a little love with $1500. You only get this cash if you lease or finance through BMWFS, so if you plan to pay cash or finance through your own bank, you won’t qualify. This is a mfg to consumer rebate, so make sure you get some discounts from your dealer as well.

On a side note, there have been a rash of fuel injector problems on the 335i engine according to a few friends of mine who drive them. When you lease, that’s not a huge deal, but the hassle of having to take the car in for service is a factor (at least for me) in the overall ownership/leasing experience of a car. Just a little FYI in case you were shopping for a 335i.

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2009 BMW 3-Series

5 thoughts on “2010 BMW 3-Series Lease Rates – November 2009”

hi G! hope all is well!

i have a leasing question and i will use the mf and residuals from the 335i above

if i were to do a 42 month lease on the car above, would the residual and mf stay the same as the 36month? or would it be somewhere between the 36 and 48 month?

thanks
hue

G on 2009/11/11

@hue. doing well! thanks for asking. A 42-month lease should probably get you a residual somewhere between the 36-48 month term. the MF could stay the same as the 48 month tho. I think BMWFS tends to push people to go for the more traditional 36-month lease, which is why they make it more attractive. I also think thats because it helps them resale the lease returns as CPO at a higher margin since there is plenty warranty left in that car.

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Looking to lease and I am not very clear on all of the discounts etc to be had when haggling with a dealer salesperson.

I am looking at leasing a 328i sedan with the following:
Exterior Space Grey Metallic
Interior: Black Dokota Leather
Aluminum Trim.

Packages as listed under the lease deal for $349 a month with $3500 down based on lease offer from BMW.

I was hoping someone might be able to help me with what I can go back to the dealer with to get the price knocked down. I am not good with negotiating and hope someone can give me numbers to go back to the dealer with.

After leaving the dealership I don’t think a lease of $387 for a base 2009 with pleather with 3500 down is a good deal.

Thanks

Mark from California

G on 2009/11/24

@mark. there is a $1500 rebate on all 328i right now. A well equipped 328 with a MSRP of about $38k should be around $494 per month with 9.75% tax included. This is with the assumption that you pay all your inception fees upfront (around $2000), cap cost is basically $1500 under invoice (sale price being invoice + the rebate). I too am looking at the 328 for my wife and did this estimate last weekend. General rule of thumb is to go below the “advertised” deal.

Go to your dealer with a sale price in mind. You can’t change the MF or the residual value, so negotiate the sale price. Make sure you have fantastic credit. If you don’t, no point leasing. The $1500 lease cash is common knowledge, so be sure to negotiate a price that goes BELOW their invoice price. Or you can negotiate invoice and apply the lease cash towards the inception fees. Either you way slice it, make sure you take advantage of it. Remember the MF is really high this month, so you may want to considering putting multiple security deposits to bring down the money factor. Those security deposits are fully refundable as long as you don’t sell the car as a trade-in before your lease expires. Confirm the MF, Residual. Ask for the security deposit amount, acquisition fee, dealer doc fee, dmv reg, and other taxes. If you are being charged training and maco, ask that to be waived because those are pretty much dealer profit. Once you get those numbers, make sure you crunch them yourself and look for discrepancies. Some dealers do make “mistakes”, but only if you catch them. 😉

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Forgot details: 15k 36 month…I thought the 2009 base should be much less than the 2010 at 349.00

RIDE with G

For those who lease cars

2010 BMW 3-Series Lease Rates – November 2009

5 thoughts on “2010 BMW 3-Series Lease Rates – November 2009”

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