BMW 328i deal help (2015)

Ask the Hackrs
1

Hello!

I’m a recent college graduate, and I’m thinking about leasing a bmw 328i.

I have options between leasing 2016 and 2015 one, I’m leaning towards 2015 version because it’s not been that long and the price is lower.

The current deal I see at a dealership near me is as follows.

Equipped with standard features such as 17" Light Alloy Star-spoke Wheels, Power Front Seats with Driver Seat Memory, Hi-fi Sound System, and Hands-free Bluetooth and USB audio connection.

$349*/month for 36 months.

• $349 First months payment
• $3,000 Down payment
• $0 Security Deposit
• $925 Acquisition fee
• $4,274 Cash due at signing
• Included In Payment:.$3,000 Buildout Allowance

Is this a good deal? and can I ask the dealer that I’d choose MSD rather than putting down payments?
Also, what’s the MF for 2015 328i?

Thanks!!!

2

Oh, MSRP is $38,495.00.

and I’m not sure if this includes navigation/blind spot monitors…

I went to http://www.bmwoffairfax.com/financing/lease-offers.htm and then chose 328i, then 2015.

3

The offers on that page come from BMWUSA.com. These “special offers” assume a minimal discount and are actually quite bad.

From checking that dealer’s inventory, looks like they have no 2015 328i cars left. Here’s the program for the 2016 320i and 328i:

Months: 36
Miles: 12,000 mi/year
Residual: 61%
Money Factor: .00132

Use TrueCar or Edmunds Price Promise to establish a selling price for a specific car. Then plug in those numbers into the lease calculator: http://leasehackr.com/calculator

Unfortunately Virginia levies sales tax on the entire price of the car, rather than just the leased portion.

Best of luck!

4

Yes advertised deals are usually not the best deal. You can negotiate for a better selling price. Yes MSD would be better than putting money down although the calculation for the monthly payment would be different.

Another thread is also talking about leasing a 3 series. Maybe you can check it out:

5

Hello Thank you all so much! I actually went to the dealership today and got a quote for Certified Pre Owned
2015 320i with 8311 miles (here)

http://imgur.com/jZ1e6jY

The Price is $30981, and he said there would be absolutely no way of negotiating the price further.

MSRP: $42205
Sonic Price: $30981
Discount: $11224

and combining taxes (VA so tax for the entire car) and other fees into my account + $1500 college graduate credit that works as a down payment, I’m looking to pay $363 + $2800 (7*MSD).

Do you think this is a good deal? I’m most likely to go with this if you guys say this is a good deal…!

Thanks a lot for helping me out.

6

It’s not clear how they arrived at their numbers. For instance, college grad credit should be $1,000.

I’m guessing they marked up the money factor rate and imposed a big dealer fee, since the payments should be lower at the selling price.

That said, $363/mo is not too bad considering that sales tax and fees are all rolled into the payment.

7

I wish I could calculate how much it is supposed to cost, but because it’s CPO lease, it’s not as easy…