[JCNYC]

Can anyone post October Residuals for 2016 3 series once they come out!

[Buzzo]

Originally Posted by JCNYC

Can anyone post October Residuals for 2016 3 series once they come out!

10k/36m = 62%, 12k = 61%, 15k = 59%

[elbmw]

Originally Posted by Buzzo

10k/36m = 62%, 12k = 61%, 15k = 59%

Any info on the '15s? F32
Thanks!

[bimmercar]

Originally Posted by Buzzo

10k/36m = 62%, 12k = 61%, 15k = 59%

looks like no change on the residuals in the last three months

[Boondoggler]

Unfortunately my CA just told me that the money factor on 2016s is 0.0015 compared to 0.00134 on the 2015s. That's going to raise my monthly lease about $20 a month! :-(

[NightWriter]

That's including your dealer's (optional, negotiable) markup. The BMWNA MF for 2016 models is 130.

[bimmercar]

any cash incentives for Oct?

[alistairk]

Originally Posted by bimmercar

any cash incentives for Oct?

bmwusa.com lists a $750 option credit on a 2016 340i.

[bimmercar]

Originally Posted by alistairk

bmwusa.com lists a $750 option credit on a 2016 340i.

does that mean that if i have an ordered car arriving Oct, i can take that $750 as cap cost reduction?

[alistairk]

Originally Posted by bimmercar

does that mean that if i have an ordered car arriving Oct, i can take that $750 as cap cost reduction?

I would think so.

[cardsdoc]

I just ordered a 340 yesterday, 9/30. Expected delivery in Nov. Can I take advantage of the $750 option credit?

[JCNYC]

Originally Posted by cardsdoc

I just ordered a 340 yesterday, 9/30. Expected delivery in Nov. Can I take advantage of the $750 option credit?

I think you could lock in the $750 until November 2nd as stated on the BMW USA site

Quoted from the BMW USA site "All Credits valid through November 02, 2015"

[cardsdoc]

Originally Posted by JCNYC

I think you could lock in the $750 until November 2nd as stated on the BMW USA site

Quoted from the BMW USA site "All Credits valid through November 02, 2015"

It won't get here by Nov 2nd so I'm thinking it won't work. Sent an email to the dealer to ask. There should be holiday rebates by that time though.

[phantom701]

Originally Posted by JCNYC

I think you could lock in the $750 until November 2nd as stated on the BMW USA site

Quoted from the BMW USA site "All Credits valid through November 02, 2015"

Hmm... I thought the 2016 340i was sought after?? Surprised to see a $750 credit on this car already.

[Boondoggler]

I'm taking delivery of a 2016 340i xDrive in mid October. My dealer is telling me the residual is 62% and the money factor is 0.0015, I think that the dealer is marking it up from 0.0013. Earlier in the thread NightWriter indicated that the money factor on all 2016s is 0.0013. Can anyone else confirm this?

[cardsdoc]

Originally Posted by Boondoggler

I'm taking delivery of a 2016 340i xDrive in mid October. My dealer is telling me the residual is 62% and the money factor is 0.0015, I think that the dealer is marking it up from 0.0013. Earlier in the thread NightWriter indicated that the money factor on all 2016s is 0.0013. Can anyone else confirm this?

Yes, base MF for 2016 340 xdrive is .00130. They may try to mark it up. Mine did initially. Residual on mine is 61% but that is for 12k miles. If you chose 10K then residual is 62%

[Boondoggler]

Originally Posted by cardsdoc

Yes, base MF for 2016 340 xdrive is .00130. They may try to mark it up. Mine did initially. Residual on mine is 61% but that is for 12k miles. If you chose 10K then residual is 62%

Thanks for the confirmation. Let the negotiations begin...

[GreatAvalon]

Keep us posted on how it turns out! Good luck!

[Boondoggler]

Finalized the deal, Base MF 0.0013 and using 7 multiple security deposits my effective MF is 0.00081. I was able to use both the $750 October Option Credit and the $1000 Drive for Team USA incentive. It was the dealer's first 340i allotment and I agreed to a purchase price $300 over original invoice price so the dealer got to pocket the incentives. I'm sure there are much better deals out there, but I'm happy and taking delivery on Wednesday 10/14.

[GreatAvalon]

Originally Posted by Boondoggler

It was the dealer's first 340i allotment and I agreed to a purchase price $300 over original invoice price so the dealer got to pocket the incentives.

Can you elaborate on the bold part?

Also, did you find the invoice of your car on an online site, like NADA? If so, how close was it to what they said was their invoice? Lastly, did your dealer just come out and tell you what their invoice was?

Thanks! Love your build. It's going to be an amazing car!

[ciantosca]

I am ordering 328ix wagon and was quoted .62 residual for Oct on 10k lease 36 months. Hope this helps. Money factor was .0014 I believe.

[Boondoggler]

Originally Posted by GreatAvalon

Can you elaborate on the bold part?

Also, did you find the invoice of your car on an online site, like NADA? If so, how close was it to what they said was their invoice? Lastly, did your dealer just come out and tell you what their invoice was?

Thanks! Love your build. It's going to be an amazing car!

To estimate dealer invoice I used Edmunds and the spreadsheet that is available on one of the other major BMW forums. The invoice costs from these 2 sources were within $80. My CA claimed he's paid off an invoice cost that was several hundred dollars higher, but that includes what the dealership adds to each car they sell to cover training and advertising costs for the dealership. This is a common practice at dealerships, the training and advertising costs added to the invoice cost is called MACO. Since I had $1750 in incentives and I paid $300 over Edmunds invoice, the dealership made approximately $2050 on the sale of my car.

I hope that helps!