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      01-23-2016, 04:48 PM   #1
PodDoc
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Current residuals/MF.

Hi, looking to lease a X1. I was quoted 0.00171 MF and 60% residual. Anyone know what the current numbers should be? The MF seems a bit high. Looking through the forum, it looks like the MF was as low as .0012X in the past.
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      01-26-2016, 09:54 PM   #2
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Originally Posted by PodDoc View Post
Hi, looking to lease a X1. I was quoted 0.00171 MF and 60% residual. Anyone know what the current numbers should be? The MF seems a bit high. Looking through the forum, it looks like the MF was as low as .0012X in the past.
0.00132 money factor and 60% residual on 3-year lease with 10,000 miles.
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      01-30-2016, 03:41 PM   #3
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Originally Posted by dmnc02 View Post
0.00132 money factor and 60% residual on 3-year lease with 10,000 miles.
Is this after 7 security deposits? Or zero MSD?
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      01-31-2016, 07:38 AM   #4
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Originally Posted by crqflier View Post
Is this after 7 security deposits? Or zero MSD?
That is with zero MSDs.
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      02-10-2016, 03:00 PM   #5
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Feb Res/MF

Wanted to confirm that the MF for FEB was 0.00132 & Residuals were 59% for 36M/12K & 65% for 24M/12K.

Also, any good deals in the SoCal/LA area? Looking to pick one up near the end of this month.
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      02-20-2016, 07:55 AM   #6
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Hi, I got my X1 for lease, and it's my first lease ever. Could someone please take a look at the numbers? There were no rebates/discounts, as it is a brand new model and just released. Deal is closed, so no way back, but if someone could explain to me how to read the numbers for future, so I could understand, I'd appreciate greatly. Also i'm considering buying out the car after lease, is it worth it or no? Thank you.

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      02-20-2016, 09:06 AM   #7
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There are some small discounts available in the UK, I got almost 9% off
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      02-20-2016, 10:05 PM   #8
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Quote:
Originally Posted by AMOR
Hi, I got my X1 for lease, and it's my first lease ever. Could someone please take a look at the numbers? There were no rebates/discounts, as it is a brand new model and just released. Deal is closed, so no way back, but if someone could explain to me how to read the numbers for future, so I could understand, I'd appreciate greatly. Also i'm considering buying out the car after lease, is it worth it or no? Thank you.

Looks like a pretty good deal. The important portions to look at for the lease are the residuals which are set by BMW, can change monthly, and the money factor, which also changes monthly but dealers like to mark it up. Looks like they didnt in your case. My build was about $1k more, but monthly came out to $550 (but tax and acquisition fee rolled in to monthly payments), so calculations look right.
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      02-22-2016, 11:38 AM   #9
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Curious what you guys think of this deal. I haven't gone into a dealership yet so I've just emailed a bunch of dealers with the build out of what i want. I'm trying to figure out how much more I can work down.

Offering
2016 X1
MSRP $41,995
Down: $5,000
Miles: $10,000
Monthly Payment: $398 + tax

Assumptions: 60% Residual
Asking about the MF.

Question is how do I know I'm at a good deal?
MSRP Discount: 7-9%?
MF: 0.00132?
Monthly Payment:

My buddy got a 328i which MSRP'd at over $45k. He put $5k down and got his payment down to $360 (including tax). Am I not thinking about this apples to apples? I know residual has something to do here but it seems like a wide spread.
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      02-22-2016, 11:46 AM   #10
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Quote:
Originally Posted by bizbear09
Curious what you guys think of this deal. I haven't gone into a dealership yet so I've just emailed a bunch of dealers with the build out of what i want. I'm trying to figure out how much more I can work down.

Offering
2016 X1
MSRP $41,995
Down: $5,000
Miles: $10,000
Monthly Payment: $398 + tax

Assumptions: 60% Residual
Asking about the MF.

Question is how do I know I'm at a good deal?
MSRP Discount: 7-9%?
MF: 0.00132?
Monthly Payment:

My buddy got a 328i which MSRP'd at over $45k. He put $5k down and got his payment down to $360 (including tax). Am I not thinking about this apples to apples? I know residual has something to do here but it seems like a wide spread.
Residual plays a factor but MF matters a good deal too. Its better not to put any money down because although it brings down the monthly amount, if you choose to turn in early, which bmw often lets you do (even up to 6 months sometimes), that money for the down payment is lost, or if you total the car or its stolen, its money lost as well.

When leasing, its easy to think "how can i get the lowest monthly payment", but you should instead be shooting for getting the correct residual and MF without markup from the dealer and getting as close to invoice as possible. Invoice can be found by building out the car on edmunds. Just remember there is a training fee (i think its about $200) and acquisition fee of $995 thats not included in the edmunds price.
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      02-23-2016, 12:56 AM   #11
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(NB: this is the Australian market)
Interesting to read of US market lease experiences. In Australia, among many options, BMW Finance offers a "Full Circle" program, which provides lease or chattel mortgage financing with a guaranteed buy-back price as the residual.

At the moment, the residual or guaranteed buy-back price is just under 50% of the car's list price on a 3 year/60,000 kilometre (36,000 mile) contract. This is the lowest guaranteed buy-back price I've seen for a BMW product for some time, suggesting they have low expectations of the car's resale value. To me, that means take care when negotiating any lease residual on this car, because you may be underwater at the end of the lease.

I'm interested in other people's thoughts on resale values. It is a pretty crowded market, with competition from highly-spec'd Korean, Japanese and other Euro CUVs, so maybe the pessimism of BMW Finance in Australia is warranted.
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      02-23-2016, 07:21 AM   #12
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Quote:
Originally Posted by ttimbo
(NB: this is the Australian market)
Interesting to read of US market lease experiences. In Australia, among many options, BMW Finance offers a "Full Circle" program, which provides lease or chattel mortgage financing with a guaranteed buy-back price as the residual.

At the moment, the residual or guaranteed buy-back price is just under 50% of the car's list price on a 3 year/60,000 kilometre (36,000 mile) contract. This is the lowest guaranteed buy-back price I've seen for a BMW product for some time, suggesting they have low expectations of the car's resale value. To me, that means take care when negotiating any lease residual on this car, because you may be underwater at the end of the lease.

I'm interested in other people's thoughts on resale values. It is a pretty crowded market, with competition from highly-spec'd Korean, Japanese and other Euro CUVs, so maybe the pessimism of BMW Finance in Australia is warranted.
As youre talking about the Australian market, i could be totally off. But for the US residual for a 36 month lease with 10k miles a year is set at 60%, i dont know of any dealers that mark this up so no negotiations needed. BMW usually subsidizes the leases by marking up the residuals to sell more cars by lease which is why it is more favorable to lease a BmW in the US over an MB or audi of the same price as long as you plan to switch cars every few years. In comparison the other guys have residuals around 50% normally.

It might be that bmw australia thinks the car will sell so well that they dont need to subsidize the price. An example of this in the US is the M2 v. M3. The M3/4 sells well and holds value so has a high residual while the M2, although will hold value well gets a lower residual so it ends up almost the same cost to lease the two.

For me, if residuals were only 50%, i would just buy the car and keep it a little longer.
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      02-23-2016, 04:19 PM   #13
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Thanks for this. So, what happens in the US at the end of the three years? Will BMW US trade-in your car on a new one at a value equivalent to the residual (i.e., 60% of the purchase price), or is it a lesser amount, leaving you underwater (i.e., having to payout an amount because the resale trade value is, for example, just 50% of the purchase price)?
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      02-23-2016, 06:08 PM   #14
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Quote:
Originally Posted by ttimbo
Thanks for this. So, what happens in the US at the end of the three years? Will BMW US trade-in your car on a new one at a value equivalent to the residual (i.e., 60% of the purchase price), or is it a lesser amount, leaving you underwater (i.e., having to payout an amount because the resale trade value is, for example, just 50% of the purchase price)?
The residual is calculated into the monthly payment so if the MSRP was $50k, current residual of 60%, your monthly payment would be based on just the amount used which would be $20k, divided by 36 months or however many months plus finance fees and such. At the lease end, you just turn in the car. Or, if you had a low residual like 50% and got a great deal and think its worth more than whats left on the car, you can sell to a third party and pay of the remaining balance and come away with some cash. Hope this makes sense, if not, let me know, ill try to clarify better.
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      02-23-2016, 07:33 PM   #15
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Yes, it makes sense. Here, the BMW Full Circle program is the only one where you can just turn in the car. For a standard lease, you must also cover the residual, so if you cannot sell it for the residual amount, either privately or as a trade in to the dealer, you are liable for the difference, i.e., the "underwater" component, where the car's actual market value is less than the residual. Can lead to unhappiness!!
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      02-23-2016, 07:56 PM   #16
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Quote:
Originally Posted by ttimbo
Yes, it makes sense. Here, the BMW Full Circle program is the only one where you can just turn in the car. For a standard lease, you must also cover the residual, so if you cannot sell it for the residual amount, either privately or as a trade in to the dealer, you are liable for the difference, i.e., the "underwater" component, where the car's actual market value is less than the residual. Can lead to unhappiness!!
Then how is leasing different from a traditional finance where you are buying the car? Seems like the residual doesnt mean anything then if you have to cover it no matter what.
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      02-23-2016, 08:58 PM   #17
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There are tax rules in certain circumstances which enable you to deduct the lease payments, whereas you can't do this if you are making loan repayments -- you can (at best) only get a deduction for the interest component. (It's more complicated that this, but you get the gist)
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      03-02-2016, 07:08 PM   #18
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Anyone know the March residuals and money factor?
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      03-04-2016, 12:21 AM   #19
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Quote:
Originally Posted by bizbear09 View Post
Curious what you guys think of this deal. I haven't gone into a dealership yet so I've just emailed a bunch of dealers with the build out of what i want. I'm trying to figure out how much more I can work down.

Offering
2016 X1
MSRP $41,995
Down: $5,000
Miles: $10,000
Monthly Payment: $398 + tax

Assumptions: 60% Residual
Asking about the MF.

Question is how do I know I'm at a good deal?
MSRP Discount: 7-9%?
MF: 0.00132?
Monthly Payment:

My buddy got a 328i which MSRP'd at over $45k. He put $5k down and got his payment down to $360 (including tax). Am I not thinking about this apples to apples? I know residual has something to do here but it seems like a wide spread.
I would not put down a cap cost reduction on a lease and do max MSD instead.

I would also suggest to look for a '15 demo to get the cost down. I was shopping for F48 for my wife but instead got her a demo E84 X135 a few weeks ago since it was MUCH cheaper to get the demo. it was $375/mo incl CA tax, no cap cost reduction and max MSDs. MSRP $45k and $11k off.
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      09-10-2016, 08:35 PM   #20
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I just got quoted 37,995 MSRP, 36 months 10k miles zero down, $1005 total out of pocket, for $482 a month with tax, the dealer is telling me the discounted price is $34,995 but I can't see it unless BMW has horrible residuals. I got a MB C300 last year for $400 a month $42000 MSRP with $1800 out of pocket and 36 months, 12k miles. Is it true a 4k+ MB is that much cheaper to lease then a X1?
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