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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
3221 messages, Last post on Dec 06, 2009 at 1:34 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: l0m6905 (Apr 02, 2007 7:00 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 7:00 am)
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Replying to: grafix1 (Apr 02, 2007 11:22 am) 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 3:06 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 8:09 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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Replying to: l0m6905 (Apr 03, 2007 5:50 am) Just want you to know that I'll have an answer for you late this evening. Today is my day to teach young impressionable college students. Wish me luck. Good day John |
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Replying to: delfer (Mar 28, 2007 9:44 pm) I would just build the car you want on Edmunds take a screen shot of that, and send him a note asking to do 500 over invoice. He sent back no problem, and I requested for him to document every fee, and with out haggle he sent back and everything was BMW standards with nothing marked up. This is April now so BMW may have changed the numbers, don't know yet. Thanks, Will |
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Replying to: l0m6905 (Apr 02, 2007 7:00 am) This is NOT a good deal, I got more options on my 328i coupe with 0 down, 0 trade-in, and I pay w/tax 569/mth. |
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