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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: kyfdx (Jan 01, 2008 8:17 pm) to go back and deal with these guys... being the only dealer in town I'd have to go there for service no matter what. I have been puzzling over why they didn't just put the aquisition fee in the 'fee' column but instead added it to the price of the car. While its true it doesn't matter if my $3k goes to reducing the capcost or to fees, I think they make an extra $50 in "sales tax" on the capcost reduction by adding it in for the #'s they show to me. (the $108 tax) Maybe it would have been easier to not talk lease numbers and just monthly payment, but I always feel dumb doing that.
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Replying to: kefler (Jan 01, 2008 9:38 pm) Most people don't understand money factors and lease calculations.. Dealers like those people... for obvious reasons. There is nothing wrong with negotiating by monthly payment, if you know how you are getting to that payment. Good luck with it. |
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Any word on the Jan money factors and residuals? Specifically I am interested in MF and residuals for the 335xi Sedan for 36 months with 10K and/or 12K miles. Thanks!
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Replying to: jackals (Jan 03, 2008 7:56 pm) |
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Posted this over at bimmerfest, but figured I'd also cross post. In some states, tax is calculated based on the use of the car. For those states, when you want to roll the tax into the payment, the calculation is simple: [(Monthly Depreciation Charge) + (Interest Charge)] * (Sales Tax) = Monthly Tax Charge But what about states (like MD) where the tax is based on the selling price of the car? How do you determine the tax if you are rolling it into the payment? Is it simply: (Sales Tax) * (Selling Price) / (Term) = Monthly Tax Charge I think it wouldn't be like that since if it is going into the monthly payment you'd have to pay some sort of interest charge, but I'm not sure how to calculate it? Any pointers? Thanks in advance. Ross
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Replying to: smithre4 (Jan 04, 2008 9:14 am) TAX is added to the CAP cost, as BMWFS will pay it to the state upfront.
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Replying to: kyfdx (Jan 04, 2008 9:17 am) |
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CarMan and Kyfdx or anyone else who might know...would you happen to have the January MF and residual on an '08 328xi Coupe yet? I have 13 months left on an '06 325i and want to see if I could get into an '08 Coupe. This forum is awesome by the way, I read it all the time.
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These boards are great, thanks to all who give there information and opinion I have found myself staying up rather late the last few days reading almost every post i can come across. I'm sorry if this was answered before, I did not come across it so I thought I would ask. I am interested in a 2008 328i or 335 convertible w/ 15k miles per year for a 2 or 3 year lease and I live in Arizona. I found within forums a MF of .00295 & .00310 for the cars i stated above and my questions below revolve around the Money Factor Issue on Leasing. MY QUESTIONS: 1. Is there a baseline MF? If so does the baseline or lowest Money Factor (MF) change every month, quarter or at certain times with the BMW Departments for each make/model of car. I ask because I notice on different post's there are different MF for the same car. If it does change how often and why? At the link below you will find 2008 328/335 Convertible with a MF of .00310 Where does this .00310 come from, does it change, is this a baseline or can the dealer go lower and if so how low can or will they go? Forum 2008 BMW MF List 2. Is the MF based on my credit check, meaning the higher my score the better or lower my MF would be? 3. Does the Dealer I am working with at the BMW Shop have the ability to go as low or high as he wants on the MF and if so what factors does he take into account to lower or raise it. Mainly asking to find out what way's i can get the lowest MF at time of sale. 4. I read that you could put up to 7 security deposits down lowering your MF by a percentage for each deposit. Is this true and is this a good idea and will it be in the lease that you get back all the deposit you put in or could they turn around and state the car is damaged and keep $2,000-5,000 of your deposit. Thanks to anyone that can answer these questions especially since there are 2-4 questions per paragraph, sorry about that. Michael
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