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BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > New & Preowned BMW Ordering / Pricing / Tracking Information Forum (including European Delivery) > E92 lease rates are out...



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      08-03-2006, 05:29 PM   #1
greginaz1
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Thumbs up E92 lease rates are out...

24 month/15K MF is 0.0020 and residual is 69%.

36 month/15K MF is 0.0020 and residual is 58%.

I'm really surprised by the low MF...

Sedan should have lower MF and higher residual I would think...so good news!
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      08-03-2006, 05:46 PM   #2
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i thought it was going to be standard rates. i surprised its decent.
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      08-03-2006, 06:11 PM   #3
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Sweet jeebus! I've been calculating lease payments at a worst case scenario .00315 rate so this is GREAT news. Nice!
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      08-03-2006, 06:21 PM   #4
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What annual interest rate does that MF work out to?
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      08-03-2006, 06:34 PM   #5
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Multiply by 2400 to get the percentage.

In this case it's 4.8%. NOT BAD.
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      08-03-2006, 07:08 PM   #6
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Quote:
Originally Posted by amnesiac
Multiply by 2400 to get the percentage.

In this case it's 4.8%. NOT BAD.
Thanks.

Yeah, coupled with those residuals that's great.

When I bought my 325i the 3yr/24000km (15k miles) residual was 63%, but the interest rate was 5.9%.
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      08-03-2006, 07:46 PM   #7
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69% 2 year residual is so awesome.
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      08-03-2006, 08:04 PM   #8
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Originally Posted by picus
69% 2 year residual is so awesome.
I'm realizing that although 2 year leases don't seem too good compared to 3 year, when you factor in not needing to replace stuff like the brakes and RFTs in the last year you own it... it's not so bad. Plus I'd only have another year to wait to get an E92.
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      08-03-2006, 08:17 PM   #9
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That residual rate on the 3 year seams low. My residual is 64% on my 330i
e90 with a .0019 mf. 12K miles.

So what would the payment be like on a 48-49K car...
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      08-04-2006, 01:10 AM   #10
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wow. Good rates
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      08-04-2006, 01:40 AM   #11
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With my calculation,

I only need to pay $7 more a month if I were to do 2 yr instead of 3 yr. Will definitely do 2 yr lease now for sure if the residual/MF is correct.

Is it possible to extend a lease, say for another 6 months or a year after my lease contract is over?

thanks
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      08-04-2006, 07:28 AM   #12
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Quote:
Originally Posted by findtom
I'm realizing that although 2 year leases don't seem too good compared to 3 year, when you factor in not needing to replace stuff like the brakes and RFTs in the last year you own it... it's not so bad. Plus I'd only have another year to wait to get an E92.
Well, with the BMW "Ultimate Service" (or whatever they're calling it in the TV commercials), you don't have to pay for brakes for 4yr/50k mi.

The low total cost of ownership with a BMW lease makes them very attractive. Combine that with Euro Delivery and you've got a very compelling reason to lease a BMW.

-MrB
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      08-04-2006, 07:56 AM   #13
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Quote:
Originally Posted by echelone
With my calculation,

I only need to pay $7 more a month if I were to do 2 yr instead of 3 yr. Will definitely do 2 yr lease now for sure if the residual/MF is correct.

Is it possible to extend a lease, say for another 6 months or a year after my lease contract is over?

thanks
Yes, it is possible to extend a lease. I am not sure the time period because I have never done it, but I know that it can be done. I think that you may have to do it in increments of 3 months.
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      08-04-2006, 09:04 AM   #14
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I was just told that my lease payment will be $672 p/m on a 47K car 36 month lease.
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      08-04-2006, 09:29 AM   #15
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Mine (somewhat loaded) would have been $768 (including 8% AZ sales tax) a month for 36 months...not nearly as bad as I thought...but I changed to a loaded Z4 3.0si for 30 months and $630 a month (also including tax). Could not pass it up.
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      08-04-2006, 09:30 AM   #16
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Quote:
Originally Posted by MrSilver
I was just told that my lease payment will be $672 p/m.
Seriously, you shouldn't lease unless you know how to calculate it in your sleep...

My basic rules of leasing a BMW:

-Negotiate cap (sales price) first
-Negotiate acquisition fee (BMW dealer cost is 625) and roll into the cap
-Negotiate MF from the buy rate (buy rate is dealer cost and they can mark up 0.0004)
-Only put down 1st month payment, license and doc fees...never do a cap reduction
-If you have the spare change, take advantage of the Multiple Security Deposit (MSD) program and put down 7 with each reducing your MF by 0.00007 for a total reduction of 0.00049
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      08-04-2006, 09:32 AM   #17
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Quote:
Originally Posted by mrbelk
Well, with the BMW "Ultimate Service" (or whatever they're calling it in the TV commercials), you don't have to pay for brakes for 4yr/50k mi.

The low total cost of ownership with a BMW lease makes them very attractive. Combine that with Euro Delivery and you've got a very compelling reason to lease a BMW.

-MrB
They don't cover the brakes in Canada unfortunately.
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      08-04-2006, 09:42 AM   #18
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Quote:
Originally Posted by greginaz1
Seriously, you shouldn't lease unless you know how to calculate it in your sleep...

My basic rules of leasing a BMW:

-Negotiate cap (sales price) first
-Negotiate acquisition fee (BMW dealer cost is 625) and roll into the cap
-Negotiate MF from the buy rate (buy rate is dealer cost and they can mark up 0.0004)
-Only put down 1st month payment, license and doc fees...never do a cap reduction
-If you have the spare change, take advantage of the Multiple Security Deposit (MSD) program and put down 7 with each reducing your MF by 0.00007 for a total reduction of 0.00049
Thank you very much for the advice

I was able to get $500 below MSRP. Best I could do on a car this new. In 6 mos. I'm sure I could do better, but I'm getting the first car the dealer is selling.

I'm only putting down 1st month payment, license and doc fees with no cap reduction.

Thanks again!!
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      08-04-2006, 11:34 AM   #19
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Looks like E92 leases won't be so expensive

24 month/15K MF is 0.0020 and residual is 69%.

36 month/15K MF is 0.0020 and residual is 58%.

Those of us saying the 335 would have monthly in the 600s and not high 700s seem correct.
If true BMW is staying true to form with lease prices for the 3 and not raising them up to CLK territory. This would be good news for all potential lease customers.
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      08-04-2006, 02:32 PM   #20
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My dealer just quoted me a money factor of .0027 for ED. When I asked him why it wasn't .002 as it is posted on E90 Post, he said that BMW raises the rate for European Delivery.

On a loaded 335i, the difference is fairly large (with 7.5% sales tax included).
Negotiated Price 45,768 / MSRP 50,515 / Residual@60% 30,309

36 Months / 12000 Miles / .0027 MF = $711 / Month
36 Months / 12000 Miles / .002 MF = $650 / Month

Has anyone else heard there are higher Money Factors for ED?
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      08-04-2006, 02:59 PM   #21
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Quote:
Originally Posted by FatSal
My dealer just quoted me a money factor of .0027 for ED. When I asked him why it wasn't .002 as it is posted on E90 Post, he said that BMW raises the rate for European Delivery.

On a loaded 335i, the difference is fairly large (with 7.5% sales tax included).
Negotiated Price 45,768 / MSRP 50,515 / Residual@60% 30,309

36 Months / 12000 Miles / .0027 MF = $711 / Month
36 Months / 12000 Miles / .002 MF = $650 / Month

Has anyone else heard there are higher Money Factors for ED?
He is taking the buy rate of 0.002 and adding 0.0004 markup plus the ED markup of 0.0003 for a total of 0.0027...you can get him down to 0.0025 I bet and max MSD's will get you down another 0.00049
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