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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: trusaleen1 (Sep 29, 2007 9:31 am) I was offered this and I think I may be able to do better....if that's the case, then you are def. getting ripped off....contact me for more information -Black 335i Coupe, with Sports Package, Paddle shifters, black leather (not leatherette), heated seats, Jet black exterior. MSRP is $46,000 with options -$2044 total out of pocket (first month's payment and all other transfer fees) -$539/month (taxes rolled in)......30 months lease Thanks, Daniel
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Replying to: abraham421 (Sep 29, 2007 3:23 pm) Thanks for the help
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Replying to: trusaleen1 (Sep 29, 2007 4:51 pm)  aol.com I have to make my decision in the next few days. I have to send my purchase order in.
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Replying to: trusaleen1 (Sep 29, 2007 4:52 pm) MSRP: 42675 Residiual % 60 Miles 12,000 Residual Value 25,605 Term 36 Months CAP COST 37685 Bank Fee 625 this is down from 825 LEASE FACTOR .00325 this is a .0002 markup instead of .0004 Drive off of 1600
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Replying to: trusaleen1 (Sep 30, 2007 7:30 am) You're getting $5675 off MRSP on a 335i??? That's hard to believe. I think I'd jump on that if it's real. I also thought MF of .00175 was still available on '07's. .00325 is pretty high. Tom
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Replying to: tms0425 (Sep 30, 2007 2:21 pm) |
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Here is my quote from an internet sales mgr, CA dealer. I understand that the $4200 sec dep will be tied up to give me that lower MF, but this is just my quote. 2007 335i Coupe, 6-spd manual 36 month lease 10,000 miles per year Residual 61% $4200.00 refundable security deposits .00176 (4.224%) money factor, interest rate. Total drive off $8578.32, includes 1st payment ($600), cap. reduction $3163.41, sales tax $245.16, license,dmv, $369.75, and security deposits of $4200.00. Selling price $45,700.00 Base payment $556.84 Monthly tax $43.16 Total monthly payment $600.00. Well, one thing was missing here. After calculating using those numbers, the Acquisition or Bank fee turned out to be $825. I think I've figured out the numbers. I'm using the following formula found elsewhere here on the forum (Thank you to the contributor!!). S = Sell price = 45,700.00 A = Acquisition Fee = 825.00 M = Money Factor = 0.00176 (this was lowered by my 4,200 sec deposit, or 7 x 600/mo. I think orig MF was .00200) N = Term = 36 months R = Residual = 27,877 (61% x 45,700) P = Monthly Lease Payment excluding tax P* = Monthly Lease Payment including tax t = Sales tax Rate = 7.75% Down Payment/Cap reduction: $3163.41 (to get the $600/mo incl tax) Annual Mileage: 10K Disposition Fee?: NO Excess Mileage Charge: 0.15 per mile Sales Tax: Computed on the payment streams Capitalized Amounts: Acquisition Fee Only Basic Money Factor Formula: Note: Selling price - Cap reduction = $42536.59 = adjusted S P = M(S+A+R)+(S+A-R)/N P = 0.00176(42536.59+825+27877)+(42536.59+825-27877)/36 P = 555.51 (close enough to quote) Tax Formula: P* = P(1+t) P* = 555.51(1.0775) P* = 598.56 (close enough to quote) Looks like I'm paying MSRP for this car, to arrive at the $600/mo incl tax. Any room for negotiations, don't know but sure will try to get closer to TMV So, Base MSRP $40,800 plus Options ZSP + ZPP + Met Paint + Dest = $45,700 = stated Selling Price. Not good enough! Anyone have comments on the above, please do chime in? Is it possible to aim at $1000 over invoice in CA for the '07? (Sorry I had this posted in the Paid and Buying Exp. should really belong here)
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| Does anyone have the October MF and residuals for '07 and 08 3-series yet? Tom | |
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Replying to: aongch2 (Oct 03, 2007 10:18 am) Also, your MF is not good. Each additional security deposit should lower your MF by .00007. If you're getting .00176 with 7 securities, it means you started at .00225. The base MF on that car is supposed to be .00200, which would bring your MF down to .00151. (Also, the residual on the Coupe should be 58%, not 61%; that's the sedan). Finally, why the Cap reduction of over $3000?
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Replying to: stormsabruin (Oct 03, 2007 1:30 pm) Latest published BMWFS rates (Sept 07): 2007 BMW 335i Coupe 24 Month – Residual 68% of MSRP – .00200 Base Rate 36 Month – Residual 58% of MSRP – .00200 Base Rate Strange about that MF. Without sec deposits, the dealer quotes a) MF at .00215 when the acq/bank fee is $825, or b) .00230 when the acq fee is $625. I thought the base is still at .00200 and won't change until Oct 6. Additional cap reduction over the std $2500 was to bring the monthly (incl tax) down to $600. So, at this point the slicing/dicing is still based on full MSRP. Definitely will bring this down. Also sending my #'s to other dealers. Will update later. |
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