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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
3224 messages, Last post on Dec 07, 2009 at 2:35 PM
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Deposit placed on 2008 BMW 335iC with an MSRP of $56,845. First month, tag, title and bank fee at delivery (in a few days). $817 plus tax for 39 months with 10k miles per year. Good deal? Thanks!
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Replying to: mfc1 (Dec 24, 2007 12:57 pm) |
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I'm trying to locate 335xi 36 month residuals for Dec. 10K = 64% 12K = 63% 15K = ??? Any idea on 15K?
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Replying to: emgunz (Dec 26, 2007 4:48 pm) |
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Replying to: frodriguez1 (Dec 27, 2007 12:23 pm)
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Close.. 12K is 1% lower than 10K 15K is 2% lower than 12K |
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Replying to: boomer23 (Dec 29, 2007 12:12 am) town (Tucson, AZ) yesterday. I'm posting the details here to see if my deal seems crazy, and to get validation that I wasn't incorrect in my calculations. Car Details: * 335i Sedan w/ 6spd manual + ZSP Sport Package + ZPP Premium Package + iDrive Navigation + iPod /USB Adapter + Metallic paint (color: Sparkling Graphite Metallic, interior Gray / Burl Walnut trim) (MSRP 46,900 including dest) Lease: 3 Year (36 Month) / 12k/year. $3000 out of pocket. After an hour of back and forth (they started out at $732 w/ tax), they came out with two pieces of paper with lease numbers on them. The first piece of paper had the dollar amounts for the lease, the second had stuff like taxes, money factor, residual on it. At one point I pulled out my PDA w/ pocket excel and wrote the #'s down off their sheet (not sure that they liked me doing that). I offered them $44900 ($2000 off MSRP) to start with. They "accepted" this but then added $825 to that for the "aquisition fee". ======================================================= Paper #1: Money Factor .0020, Residual 63%. Paper #2: Fees: Doc Fee $239 (bogus?) License $665 (this is accurate) Dwn Pmt Sales Tax $108 First Pmt $652 -------------------------- Total $1661 Lease Numbers: MSRP $46900 Sale Price $45725 -- they added an $825 aquisition fee here Residual Amount $29547 Capcost Reduction $1339 -- My 3k after taking out those fees. Net Cap Cost $44386 Depreciation fee $412 Finance Fee $188 --- This seems bogus to me! this is not  .0020 MF? Monthly Payment $652 ========================================================== Tax is 8.1%... At this point I argued that "Paper #2" must have not used .0020 as the money factor, in fact it looks like they used .0025. The salesman threw me a sheet of paper, actually a printout from edmunds.com, on how a lease is calculated and said "All leases are calculated the same, look for yourself, your calculations are wrong". So I told him to use his calculator and the formula on the paper he printed out: (Negotiated Price + Residual Value) * Money Factor = Finance Fee. He did and when it came out to $147 he put away the paper and said "well we don't do leases like that, we use the computer." and stepped away. At this point I think I pissed them off, he brought out the "general manager" who said he was "already feeling bad about this deal" and he had "never seen a price this low with so little profit in his 16 years at BMW". I told him I couldn't buy a car with these numbers not adding up, and he insisted along with the salesman that the MF was .0020 and I was wrong. So I walked. I dont think I was wrong.. besides the stupid fees, which I dont think are legit, They were doing two shady things: #1 -- not being truthful about the money factor #2 -- adding the aquisition fee to the negotiated price, which means it then increases the term depreciation! Fees dont depreciate, the car does. I really believe $590 a month is possible with $3k out of pocket, does that seem crazy?
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