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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
3218 messages, Last post on Dec 03, 2009 at 7:31 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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I was wondering if this is an alright deal for a 328xi coupe, automatic transmission, metallic paint, premium package and heated seats. $ 551.82 per month With $ 2950.40 total out of pocket Money factor used 0.00140 Residual 60% 30 month lease $559.91 per month/total out of pocket $2701.52 Residual used 66% This reflects 36 months/10k miles Taxes upfront Security deposit waived 1st month’s payment All inception and the $ 625 bank fee M.S.R.P. $43,375.00 Cost to me $ $42,440.00 I'm going to put the taxes in the lease, and it seems like the payment is high...this is in New York...what does everyone think? keep shopping? thanks a lot !
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Replying to: l0m6905 (Apr 03, 2007 5:50 am) Looks as though all the numbers you provided are square. However, I do have some comments... (1) The selling price appears too high. However, I must admit that I don't have a good feel for the 328i market in the Dallas-Ft. Worth area. Despite this, I think you need to lower the sell price by around $2,100. From what I've read, a $2100 discount off the MSRP seems very reasonable. (2) What is tire and wheel protection that costs $695? Is that really necessary? (3) The $825 acquisition fee looks highly inflated by about $200. You might want to double check this fee. (4) You didn't provide the money factor but I calculated it at 0.00165 which equates to about 3.96%. This seems reasonable given that your security deposit has been waived. (5) I get an MSRP of 37,350. Not only does this agree with edmunds, it apparently was used to compute the residual (60% x 37350 = 22410). (6) I'm curious as to why you're trading your 525i. Is that your best option? What's the advantage besides the $1578 sales tax credit? Are you terminating your 525i lease early? My guess is that you're not but, if you are, then I'm concerned about the lease balance owing and would like to investigate further. Fund providers don't always compute lease balances correctly. Seems that this is becoming a habit and habits have a way of turning into policy. Keep me posted. Best, John
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Replying to: delta737h (Apr 03, 2007 7:07 pm) Also, you get damaged wheels restored to new at less than $100 each. And most replacement tires cost no more than $100 each installed. No reason to pay $695 tire and wheel protection--just absolute pure profit for the dealership. |
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