[FaintReality]

On a lease, is the money factor set by the finance company or is it based on my credit? Is this negotionable or am I stuck with what ever I receive?

As of today, mine comes out to 0.0026 / 6.30% which seems kind of high?

dave

[FaintReality]

Well, since it seems many don't know, then I guess I will post my findings here for others who are interested.

The below info was found here: http://www.bimmerfest.com/forums/sho...d.php?t=146090

Most Important Factors
Money Factor This is equivalent to the interest rate in a traditional loan. Make sure you know the Money Factor your dealer is giving you. There is a fair amount of negotiation that can be done with this number. Unlike traditional financing there is a minimum a dealer can offer you called the "Buy Rate". Please note that the Buy Rate is set for a given car and lease term combination, but what you can negotiate is how much above that Buy Rate they will charge you. The maximum they can charge you is set at 0.0004 over the Buy Rate. Make the Buy Rate your target and try to get as close to it as you can.

With this in mind, I need to find out the "buy rate" since this difference is almost a full percentage and in my particular case, can be up to $35 less per month.

[FaintReality]

According to this thread: http://www.bimmerfest.com/forums/sho...d.php?t=235135 It looks like the current base rate in October for the 08 335i coupe is 0.00235 / 5.64%

2008 BMW 335i Coupe
24 Month – Residual 68% of MSRP – .00235 Base Rate
36 Month – Residual 58% of MSRP – .00235 Base Rate
48 Month – Residual 44% of MSRP – .00310 Base Rate
60 Month – Residual 35% of MSRP – .00310 Base Rate

Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms

In my case, this is a difference of $23.40 per month from my quoted 0.00262 / 6.29%, so there is some play for negotiating!

Looks like I answered all my own questions... If I am wrong, please let me know.


Thanks, Dave

[mcdonaldb]

For some reason the salesman at the Delarship yesterday told me 0.00240, i questioned him on it and he stood by that rate?

[TurboFan]

Originally Posted by FaintReality

On a lease, is the money factor set by the finance company or is it based on my credit? Is this negotionable or am I stuck with what ever I receive?

As of today, mine comes out to 0.0026 / 6.30% which seems kind of high?

dave

Both. It's set based on your credit. BMW Financial sets a minimum, and usually lets the dealer add up to .0004. You can negotiate for the .0004.

[BMRADCT]

I am planning to order 335xi sdn this week and I negotiated the MF down to
.00200 for 36month 15k mile lease.

[TurboFan]

Originally Posted by BMRADCT

I am planning to order 335xi sdn this week and I negotiated the MF down to
.00200 for 36month 15k mile lease.

yep. That's the min set by BMWFS. Good job!

[ALPINE6SPD]

you should never pay over on lease rate. In fact when I quote numbers I just do it at the buy rate.

[NYBMW335i]

Originally Posted by FaintReality

On a lease, is the money factor set by the finance company or is it based on my credit? Is this negotionable or am I stuck with what ever I receive?

As of today, mine comes out to 0.0026 / 6.30% which seems kind of high?

dave

A BASE lease money factor is set by the finance company. Call a bunch of dealerships and ask them what the money factors are. In a lease the residual will never change, that is a set rate, however the money factor changes from dealership to dealership. The higher above the base money factor a dealer sells the more points they make, thus the more commission. Believe me i hassled a lot of dealers and I had an actual salesman confess this to me.

[liliej]

Sorry if I missed elsewhere in this thread, but can someone advise on the most current minimum money factor on a 335xi (3 year - 36,000 miles)?

Thanks!

[Matt@AutoCouture]

wow they have gone up..I got 3.2% last year in march when I picked up mine..

[luckyD]

those are old rates

this are new also you can just ask you deler to show you his programs they get printed monthly with new rates new programs

2008 BMW 335i Coupe
24 Month – Residual 68% of MSRP – .00245 Base Rate
36 Month – Residual 58% of MSRP – .00245 Base Rate
48 Month – Residual 42% of MSRP – .00295 Base Rate
60 Month – Residual 34% of MSRP – .00295 Base Rate

2008 BMW 335xi Coupe
24 Month – Residual 68% of MSRP – .00245 Base Rate
36 Month – Residual 58% of MSRP – .00245 Base Rate
48 Month – Residual 44% of MSRP – .00295 Base Rate
60 Month – Residual 35% of MSRP – .00295 Base Rate

2008 BMW 335i Sedan
24 Month – Residual 71% of MSRP – .00210 Base Rate
36 Month – Residual 61% of MSRP – .00210 Base Rate
48 Month – Residual 42% of MSRP – .00295 Base Rate
60 Month – Residual 35% of MSRP – .00295 Base Rate

2008 BMW 335xi Sedan
24 Month – Residual 71% of MSRP – .00210 Base Rate
36 Month – Residual 61% of MSRP – .00210 Base Rate
48 Month – Residual 43% of MSRP – .00295 Base Rate
60 Month – Residual 35% of MSRP – .00295 Base Rate

[jimmy13]

The money factor changes from month to month and BMW sets it. If you are currently with BMW you get a Owners rate and you waive the Sec deposit.