Can you negotiate money factor in a lease?

E90Boy · 09-26-2007, 04:50 PM

Looking to lease soon and wanted to know becuase my bro lease the 335i four months ago and it was at 200, I just checked with another dealership and it went to 270. That's a huge difference in monthly payments.

Scarecrows25 · 09-26-2007, 04:54 PM

Not through BMWFS -- they set the money factor and residual, and the dealer has no control over it. Push for a bigger discount from the dealer, or shop around other places that write auto leases (banks, lease-shops, etc.)

Joonsup · 09-26-2007, 04:55 PM

Quote:

Originally Posted by E90Boy

Looking to lease soon and wanted to know becuase my bro lease the 335i four months ago and it was at 200, I just checked with another dealership and it went to 270. That's a huge difference in monthly payments.

I believe that the MF is at .00275 (6.6%) effective through October 31st. And people think that it will drop Nov 1, so a lot of people who are supposed to take delivery end of Oct are trying to delay it so they can sign the contract Nov. No idea of how much it is going to drop if indeed it does drop.

stooken · 09-26-2007, 04:55 PM

Yes within the preset MF and what the dealer marks up.

Orient330iNYC · 09-26-2007, 04:59 PM

Quote:

Originally Posted by Scarecrows25

Not through BMWFS -- they set the money factor and residual, and the dealer has no control over it. Push for a bigger discount from the dealer, or shop around other places that write auto leases (banks, lease-shops, etc.)

the dealer can mark up the base MF by 0.00040

Scarecrows25 · 09-26-2007, 05:01 PM

Quote:

Originally Posted by Orient330iNYC

the dealer can mark up the base MF by 0.00040

Guess I should've clarified -- yeah, the dealer can mark it up :mad: but they can't go below what the sheets from BMWFS say...

E90Boy · 09-26-2007, 05:05 PM

I'm in the process of the ordering the car and it won't be here until around thanksgiving so maybe bmw will do a discount? I hope.

Orient330iNYC · 09-26-2007, 05:13 PM

Quote:

Originally Posted by E90Boy

I'm in the process of the ordering the car and it won't be here until around thanksgiving so maybe bmw will do a discount? I hope.

this is what i did. I ordered my car in March 07 for early May delivery.
i applied for and got approval from BMWFS with the March Program. That locks your rates in for 60 days following the end of that month. In my case my rate lock was good till the end of May.

if a better program came out, my dealer would give me the better rate. if a worse program came out, i was locked in at the lower rate.

i would lock in the rates now, and see how the programs develop. worse case you get this month's rate. best case is, it drops between now and then and you get the lower rate. i would see if your dealer will agree to buy rate on the MF regardless of the program. you may need to give a concession depending on the market, like, markup on the acq fee or something.

karliejai · 09-26-2007, 05:15 PM

you can put security deposite down to lower ur MF if u dun need the moeny for the next 3 - 4 years.

E90Boy · 09-26-2007, 09:35 PM

Security deposits can be refunded or go towards the car right?

jimf15e · 09-26-2007, 10:08 PM

Quote:

Originally Posted by E90Boy

Looking to lease soon and wanted to know becuase my bro lease the 335i four months ago and it was at 200, I just checked with another dealership and it went to 270. That's a huge difference in monthly payments.

Not to state the obvious, but what was the total amount financed? Leasing is much like buying in that you should FIRST negotiate the overall price of the vehicle THEN decide how to pay (cash, lease, traditional finance, bartering your first born son, etc). If one dealer was charging you more for the actual selling price of the vehicle than the other dealer, that can affect the lease payment. Also, $200 for a lease payment seems very low. What are the terms? Miles allowed over the term and length of term are all significant factors in a lease payment. Generally the longer the term and lower the miles allowed, the lower the payment.

norcalEastbay328i · 09-26-2007, 10:12 PM

my moneyfactor 3 weeks ago on my lease was .0195 on a 328i coupe does THAT SOUND RIGHT?

E90Boy · 09-26-2007, 10:18 PM

Quote:

Originally Posted by jimf15e

Not to state the obvious, but what was the total amount financed? Leasing is much like buying in that you should FIRST negotiate the overall price of the vehicle THEN decide how to pay (cash, lease, traditional finance, bartering your first born son, etc). If one dealer was charging you more for the actual selling price of the vehicle than the other dealer, that can affect the lease payment. Also, $200 for a lease payment seems very low. What are the terms? Miles allowed over the term and length of term are all significant factors in a lease payment. Generally the longer the term and lower the miles allowed, the lower the payment.

Sorry, I meant to say money factor of .00200 and .00270

.

E90Boy · 09-26-2007, 10:19 PM

Quote:

Originally Posted by norcalEastbay328i

my moneyfactor 3 weeks ago on my lease was .0195 on a 328i coupe does THAT SOUND RIGHT?

Damn, if I can get that I'll definitely lock in.

stooken · 09-27-2007, 04:16 PM

Quote:

Originally Posted by norcalEastbay328i

my moneyfactor 3 weeks ago on my lease was .0195 on a 328i coupe does THAT SOUND RIGHT?

I got mine for 0.00165.

jovel · 09-27-2007, 09:54 PM

Damn, I just got back from the dealership and the money factor was .00225. for a 335i with only sports package, my monthly payment with 2000 down was about 560 for an 07. 615 for an 08. hmmmm.....

If I could get it down to .00165, that'd be GREAT!

Joe

E90Boy · 09-28-2007, 12:09 AM

Is the money factor rate national or depends on region? I went to two different dealers and got 270 and 295. I know that the 07s get the cheaper 200 because bmw wanted to unload them before 08 arrives. I heard the feds just cut the rates so I'm wishfully thinking that bmw will lower the mf closer to 200.

karliejai · 09-28-2007, 02:04 AM

Quote:

Originally Posted by E90Boy

Security deposits can be refunded or go towards the car right?

security deposite do not go towards the car... and it is refundable... its just that they hold on to your money during the lease... but it does lower the MF by 0.007? or seomthing like that per security deposite point

total of 7 SD = 0.049
each SD point = round up of your monthly payment to the nearest $50

karliejai · 09-28-2007, 02:05 AM

Quote:

Originally Posted by E90Boy

Is the money factor rate national or depends on region? I went to two different dealers and got 270 and 295. I know that the 07s get the cheaper 200 because bmw wanted to unload them before 08 arrives. I heard the feds just cut the rates so I'm wishfully thinking that bmw will lower the mf closer to 200.

you can google each month's MF (i think they post it on bimmerfest) and dealer CAN mark up the MF by a certain amount. so thats why not all MF is the same.

amdave · 10-06-2007, 08:19 PM

Sweet. I've got a 2008 BMW 335i.

3/36 Lease - OTD (No down, Taxes/Fees rolled in) - $870/mo.

It's no 3K off MSRP like some of those Cali buyers are getting, but I'm satisfied.

Now, to get behind the wheel....

PM me if you want more details if you're looking to buy in the Texas area.

kptaylor · 10-07-2007, 12:55 PM

http://forums.roadfly.com/forums/fin...8606935-1.html

Scroll down. The Sept base rate on a 335i Coupe is .00200 for 24 or 36 months. The sedan is .00175. Dealers can add on up to 4 points, so you can try to negotiate.

Believe this also gets posted on bimmerfest.com somewhere. Read up over there on multiple security deposits and the like, too.

Oct rates should be up by Monday.

Joonsup · 10-07-2007, 07:24 PM

Quote:

Originally Posted by kptaylor

http://forums.roadfly.com/forums/fin...8606935-1.html

Scroll down. The Sept base rate on a 335i Coupe is .00200 for 24 or 36 months. The sedan is .00175. Dealers can add on up to 4 points, so you can try to negotiate.

Believe this also gets posted on bimmerfest.com somewhere. Read up over there on multiple security deposits and the like, too.

Oct rates should be up by Monday.

umm those are 2007 335i rates. I think most people now are ordering 08s

09-26-2007, 04:50 PM	#1
E90Boy Captain 36 Rep 674 Posts Drives: 14 F33 Join Date: Aug 2005 Location: Boston iTrader: (4)	Can you negotiate money factor in a lease? Looking to lease soon and wanted to know becuase my bro lease the 335i four months ago and it was at 200, I just checked with another dealership and it went to 270. That's a huge difference in monthly payments.
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09-26-2007, 04:54 PM	#2
Scarecrows25 Private First Class 10 Rep 191 Posts Drives: 2007 E90 - Jet Black Join Date: Jul 2007 Location: Dallas, TX iTrader: (1)	Not through BMWFS -- they set the money factor and residual, and the dealer has no control over it. Push for a bigger discount from the dealer, or shop around other places that write auto leases (banks, lease-shops, etc.) __________________ Scarecrows25 Jet Black E90 328i / 6MT / Sport / Xenons / Split Fold Rear Seat / OEM Chrome Exhaust Tips
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09-26-2007, 04:55 PM	#4
stooken Brigadier General 186 Rep 4,243 Posts Drives: E70 X5 Join Date: Apr 2007 Location: NOR*CAL iTrader: (2)	Yes within the preset MF and what the dealer marks up. __________________ 2010 E92 BSM 335i \| M-Sport \| ST Coils \| Linea Corse Lemans \| Cobb AP \| BMS DCI \| Cyba Tips
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09-26-2007, 05:05 PM	#7
E90Boy Captain 36 Rep 674 Posts Drives: 14 F33 Join Date: Aug 2005 Location: Boston iTrader: (4)	I'm in the process of the ordering the car and it won't be here until around thanksgiving so maybe bmw will do a discount? I hope.
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09-26-2007, 05:15 PM	#9
karliejai Da Kid 123 Rep 4,576 Posts Drives: JetBlack e90 335i Join Date: Mar 2007 Location: USA iTrader: (4)	you can put security deposite down to lower ur MF if u dun need the moeny for the next 3 - 4 years. __________________ MODS: OEM Front Splitter \| ACS Roof Spoiler \| OEM Trunk Spoiler \| Matt Black Front Grill \| Black Shadowline Window Trim \| Painted Front Lower Rod \| Blacklines \| JDM Yellow Fogs \| Custom Silver CF Headlights with LUX 4.0 \| Eisenhaus Sports Exhaust
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09-26-2007, 09:35 PM	#10
E90Boy Captain 36 Rep 674 Posts Drives: 14 F33 Join Date: Aug 2005 Location: Boston iTrader: (4)	Security deposits can be refunded or go towards the car right?
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09-26-2007, 10:12 PM	#12
norcalEastbay328i Private First Class 9 Rep 138 Posts Drives: spay grey 328i Join Date: Sep 2007 Location: bay iTrader: (0)	my moneyfactor 3 weeks ago on my lease was .0195 on a 328i coupe does THAT SOUND RIGHT?
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09-27-2007, 09:54 PM	#16
jovel wooooohooo 0 Rep 8 Posts Drives: e46 m3 Join Date: Aug 2007 Location: Newport Beach iTrader: (0)	Damn, I just got back from the dealership and the money factor was .00225. for a 335i with only sports package, my monthly payment with 2000 down was about 560 for an 07. 615 for an 08. hmmmm..... If I could get it down to .00165, that'd be GREAT! Joe __________________ Went from a b6 a4, to ordering a e92, then canceling that. Now driving an e46 m3! Joe
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09-28-2007, 12:09 AM	#17
E90Boy Captain 36 Rep 674 Posts Drives: 14 F33 Join Date: Aug 2005 Location: Boston iTrader: (4)	Is the money factor rate national or depends on region? I went to two different dealers and got 270 and 295. I know that the 07s get the cheaper 200 because bmw wanted to unload them before 08 arrives. I heard the feds just cut the rates so I'm wishfully thinking that bmw will lower the mf closer to 200.
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10-06-2007, 08:19 PM	#20
amdave Private 4 Rep 51 Posts Drives: '08 335i Coupe: AW/CR/Loaded Join Date: Sep 2007 Location: Houston iTrader: (0)	Deal Closed Sweet. I've got a 2008 BMW 335i. 3/36 Lease - OTD (No down, Taxes/Fees rolled in) - $870/mo. It's no 3K off MSRP like some of those Cali buyers are getting, but I'm satisfied. Now, to get behind the wheel.... PM me if you want more details if you're looking to buy in the Texas area. __________________ 2008 BMW 335i Coupe \| Alpine White \| Coral Red // WRECKED!
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10-07-2007, 12:55 PM	#21
kptaylor First Lieutenant 6 Rep 322 Posts Drives: '07 335i Coupe Join Date: Mar 2007 Location: PHX, AZ iTrader: (0)	http://forums.roadfly.com/forums/fin...8606935-1.html Scroll down. The Sept base rate on a 335i Coupe is .00200 for 24 or 36 months. The sedan is .00175. Dealers can add on up to 4 points, so you can try to negotiate. Believe this also gets posted on bimmerfest.com somewhere. Read up over there on multiple security deposits and the like, too. Oct rates should be up by Monday.
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