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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
3376 messages, Last post on Mar 20, 2010 at 8:42 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: wagon098 (Oct 26, 2005 11:51 pm) .0025 is the base money factor for a 325i.... (i.e. dealer is making no extra money on you) |
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Replying to: wagon098 (Oct 26, 2005 11:51 pm) So, someone is making extra money somewhere.. I doubt tax could account for over $100/mo.. If they are quoting 12K mi./yr, a residual of 63% and marking up the money factor the maximum to .0029, then the payment would be $498/mo.+ tax.. Still, far below your payment.. I think you need to ask them what cap cost they are using to calculate the lease... and what is in it... There shouldn't be anything other than your selling price and acquisition fee ($625)... I'm guessing there is a lot more than that.. regards, kyfdx Host-Prices Paid Forums
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I'm scheduled to pick up a 2006 330i on 02-Jan-2006 in Munich. This would put the contract date at the middle of Dec-2005 (14 days ahead of pickup). Does the 60-day period for locking in lease terms count backwards from the Delivery date (Jan-06) or the Contract date (Dec-05)? I'm doing a 3-yr, 12K/yr lease. The October program was a big improvement over previous months. If I can lock in 60 days ahead of the Contract date, I can do the Oct program. If the lock in is from Delivery date, I will have to wait for the Nov program. Also, anyone hear rumors yet on what the Nov lease programs will look like? Thank you! Jon
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Replying to: jon330cic (Oct 27, 2005 7:39 am) regards, kyfdx Host-Prices Paid Forums |
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Replying to: kyfdx (Oct 27, 2005 6:56 am) |
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I love this forum...it has been extremely helpful in my negotiations... I am looking at a 325i, but only after I sell my 2003 Tahoe through private party. I did consider trading it in through the dealership, but I know they will try to nickel and dime me. I set up a little Excel worksheet to help me in the lease calculations. Originally the salesperson offered a money factor of 0.00265...but after reading this forum, I knew to ask for 0.0025 The salesman offered a money factor of 0.00265 if I choose not to pay the security deposit of approx. $500. A lower money factor of 0.0025 is offered if I pay the security deposit. After playing with the numbers, my spreadsheet is telling me that the lower higher interest and no security deposit means the lower monthly payment. The salesperson is also trying to pass off an $825 bank fee, but after reading this forum I know to ask for $625. He is also passing off document fees and tire tax, which I will also ask to be removed. I am just basically looking right now for the best configuration, but I wanted to post how thankful I am to have found this forum! Charles
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Replying to: isamu66 (Oct 27, 2005 2:57 pm) Just a note here... You do still pay the security deposit (which, btw, you get back at the end of the lease), but it is rolled into your cap cost at a charge of a .00015 MF increase. My point is that it doesn't just "disappear".... He is also passing off document fees and tire tax, which I will also ask to be removed. What state are you in? "Tire tax" is actually a legitimate state tax in some states. (FWIW, I'd think if a dealer claims it is a "tax" then it's a government thing and isn't just an additional fee.) I know, for instance, that PA, NJ, and OH have tire taxes.... Everyone has to pay them, unfortunately. It seems like a bogus way for the state to collect more revenue.... Leave it up to our politicians! 
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Replying to: isamu66 (Oct 27, 2005 2:57 pm) What did you miss in your calculations? You get the $500 back at the end of the lease... regards, kyfdx Host-Prices Paid Forums |
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Replying to: isamu66 (Oct 26, 2005 9:30 am) I bought it from Santa Monica BMW. |
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Replying to: Car_man (Oct 26, 2005 3:43 am) Once again, I cannot thank you and the rest of the forum for all of your help. I really appreciate it. The car buying experience is extremely tricky (and expensive) without people like you to clarify things for us. You are indeed right, my pretax monthly is $422, if I did not capitalize the acquisition fee and add tax. With tax and acquisition fee rolled into my monthly, it works out to $471 (DAMN THATS ALOT OF MONEY!) im just a student tryin to get by! haha. By the way, is the residual values negotiable. I got 15k miles / year on the 06 325i with a residual of 61% (could we have negotiated 62%??)... anyway I really appreciate your help. Thanks, Ajay PS for the other poster who asked where i got the deal, I got it in Santa Monica BMW in California. |
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