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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
2493 messages, Last post on Oct 05, 2008 at 6:44 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: Car_man (Apr 02, 2007 2:25 am) The salesman is telling me that since he's discounted the car show much--AND thrown in the BMW mats, he's got to markup the MF. I've protested, but so far, no luck. This is the 5th dealer I've worked with in an attempt to get a car. His price is fair--MF not. Two other dealers did not markup the MF--one made up the difference in the selling price and wouldn't budge--the other was my local dealer who made a deal with me--then apparently didn't like the deal and backed out-even with a deposit, signed, sealed, etc.. They've offered to make it up to me--but I'm done even attempting to do business with them. The other dealers all marked up the MF the BMW max. of .0004-and actually laughed when I asked for the base rate. Maybe it's the southeast region--maybe there's not as much competition--but I am having a heck of a time buying a car! Thanks very much for your input--I am going to make one more stab at this thing--try to get a car--and get the base MF rate.
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Replying to: Car_man (Apr 02, 2007 4:06 am) You mentioned frequently that the money factors you were using are valid through midnight tonight. When you can, I'd appreciate hearing what they'll be, going forward, particularly on the 3-series sport wagon (RWD, if it matters). TIA. |
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I need to know if this is a good deal: selling price $37,965 taxes,fees & dues: $1,760.55 trade in ($1,641.23) Gross Capitalized cost: $41,366.78 Capitalized cost Reduction: $1,924.83 lease 36 months/12,000 miles down payment $2,500 monthly payment w/ tax $575.17 residual: 60% sec. deposit waived please help Thank You 
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Replying to: l0m6905 (Apr 02, 2007 8:00 am) 10m6905, There is too much information missing to evaluate intelligently. The first thing I notice is a down payment of 2500, yet the cap cost reduction is only 1924.83. This doesn't make any sense. Down payment is included in the cap reduction and is considered to be a capitalized cost reduction. It does not include items that you would pay at lease signing like a license/title/registration fee. People often confuse the term down payment and use it incorrectly to include items that are paid at lease signing. What vehicle are you considering? What is its MSRP? What is your sales tax rate and in which state do you reside? I have no clue what taxes, fees, and dues amounting to 1760.55 consists of... can you itemize these? What is the money factor? Any acquisition fee? If so, how much? If you can provide this info, I'll be in a much better position to navigate my way to an answer.
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Replying to: l0m6905 (Apr 02, 2007 8:00 am)
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Replying to: grafix1 (Apr 02, 2007 12:22 pm) Texas is the worst of all scenarious. The lease of your car is treated as a sale of the car by the dealership to the leasing company (who in turn leases car to you). The dealership has to pay state sales tax of 6.25% on the entire capitalized cost (i.e., sales price). The sales tax is passed-on in full to the lessee. It is not possible to avoid payment of this sales tax -- no dealership will lease to you otherwise. Also if you buy the car off-lease, you again have to pay tax on the residual price (because it is considered your purchase of the car from the leasing company). However, most states don't require the dealer to pay sales tax on the transaction like Texas. Most states just require taxes on the monthly payment (i.e., amortization of depreciated amount and interest on residual). The bottom line is being prepared also means researching your state tax laws for vehicle leasing. |
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Replying to: Car_man (Apr 02, 2007 4:06 am) I'm personally choosing between the Z4 (more within my price range) or the 335 hardtop convertible, which I bet will be about $10K more when it comes out. Any advice on why you might prefer either car? Thanks for all the posts you put out -- I can see why many people turn to this site ... awesome info and input! |
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Replying to: delta737h (Apr 02, 2007 9:09 am) here is the addition info: 2007 328i coupe-jet black w/leatherette interior,steptronic transmission & tire & wheel protection. Dallas,TX Texas Tax Rate: 6.25% MSRP: $37,270+695=$37,965.00 tire & wheel protection(695.00) Selling Price: $37,965.00 taxes,fees & dues: state sales tax: $751.25 Dealer Doc fee: $50.00 Vehicle Inspection fee: $25.50 License/title fees: $93.80 Road & Bridge/Deputy fee: $15.00 Acquistion fee: $825.00 total :$1,760.55 Trade in 04 525i (leased with BMW leased end April 8, 07) with 40,000 miles trade in allowance: $25,250.00 Balance owed on trade in: $26,891.23 lease balance: ($1,641.23) gross capitalized cost: $41,366.78=37,965.00+1,760.55+1641.23 less cap cost reduction: $1,924.83 adj cap cost: $39,441.95 Less residual value: $22,410.00 =dep & amortized amt: $17,031.95 add rent charge: $3,674.17 =total base monthly pmt: $20,706.12 lease 36 months/ 12,000 miles monthly payment: $575.17 allocation of $2,500 down payment: cap cost reduction $1,924.83+575.17 1st payment Please help 
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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
