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Prices Paid: Buying & Leasing Experiences BMW 3-Series Prices Paid and Buying Experience
10316 messages, Last post on Dec 05, 2009 at 12:11 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: hollya (Jun 05, 2006 11:01 am) 1. Purchase price: $1000 over invoice should be a fair deal and very do able. 2. Money Factor markup: limited to 0.0004 by BMWFS 3. Acquisition fee markup: limited to $200 by BMWFS Everything else is just math! Money Factors and Residuals for the 2006 325xi 24 mo/15k mi – Residual Value 70% of MSRP – .00285 Base Money Factor Rate 36 mo/15k mi – Residual Value 60% of MSRP – .00275 Base Money Factor Rate If you need more miles beyond 15K, you can buy them now or buy them up to 6 months before the lease ends. The rates should not be very different though you should check what the dealer is quoting you. Your monthly payment on a lease consists of two items: 1. Depreciation = ( Capitalized Cost - Residual)/Number of Months 2. Interest Charge = (Capitalized Cost + Residual) * Money Factor. where capitalized Cost = negotiated price + acquisition fee and Residual = MSRP * Residual Percentage. NEVER put money down to reduce the capitalized cost on a lease since you lose the down payment if the car is lost or totalled. To reduce monthly payments, you can make multiple security deposits to reduce the Money Factors (interest rate). Each extra security deposit is worth a 0.0007 reduction; you can make up to 7 extra deposits. Note that if you do not make any security deposit you rate goes up by 0.0015. Tax treatment varies between states. In most states you pay tax on the total monthly payment. Your drive off should be equal to: First Month Payment + DMV Fees + Security Deposit(s) + Doc Fee
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Is this a Deal or No Deal? 325xi, automatic, power seats, fold down rear seat, spark. graphite paint, 18,000 miles, 3 years, $3,000 down, monthly paymnt of $498. I'm a woman in my 40's and don't want to get taken advantage of. I really appreciate all your input/help on this. Comparing lease quotes from other dealers, this seems good, but I'm not sure. Can anyone let me know soon. Thank you.
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Replying to: hollya (Jun 07, 2006 10:45 am)
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| I forgot to tell you that this is a 2006 325xi BMW sedan. | |
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Replying to: kyfdx (Jun 07, 2006 10:46 am)
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Replying to: hollya (Jun 07, 2006 10:47 am)
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Replying to: kyfdx (Jun 07, 2006 10:53 am)
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Replying to: hollya (Jun 07, 2006 11:04 am) But, I assumed an MSRP of $36,500, a selling price of $34,500, residual of 60% for 3yr/45K and base money factor of .00275.. That yields a payment of about $505/mo.. The extra mileage (54K, instead of 45K) adds about $35/mo.. for a total of $540/mo.. If your $3K is: $498 1st pymt. $500 security deposit $625 acquisition fee $200 title/license fees $1080 taxes (6% X total payment? just a guess) that just about eats up the whole $3000... So, if my assumptions about taxes and MSRP are accurate, you are about $40/mo. under my deal... That would make the selling price about $3500 off of MSRP, which would be outstanding... That stated, small differences in the assumptions can make big differences in your payment... Your taxes could be lower, the MSRP could be lower.. You may find that your quoted payment doesn't include taxes, once you get ready to sign. From the information that you've posted, it looks like the dealer is giving you a good deal. The lease program on the 325xi itself is not that outstanding, but the dealer seems to be doing his part. regards, kyfdx |
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I just signed a lease on a new 325xi with automatic, winter package, spark. graphite paint, 12,000 miles over 27 months. The purchase price with ED was $32,200 ($1,330 over European invoice), MF of 0.00285, 71% residual, $825 Acquisition fee, $195 documentation fee, no sales tax since I am in NH. The monthly payment is $391 a month including 5 additional security deposits. Total drive off costs $3835 ($391 first month payment; $2,400 security deposits; $25 title fee; $825 acquisition fee' $195 doc fee). Seems like a good deal, even including the fact that the acquisition fee and doc fee are high. But what am I missing? Am I being taken advantage somewhere I am not thinking about? Thank you for your input. |
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