Last post on May 18, 2013 at 9:23 PM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW, Car Leasing, Sedan, Wagon
Feb 10, 2013 (6:37 pm)
I have always bought my vehicles. I am now considering a lease. Can someone give me the figures of a "GOOD DEAL" with the following numbers? Approx monthly payment and monthly tax.
Negotiated final price: 40,495
State sales tax: 6% Florida
Current rate 3.79%
How do I figure "car value at end of loan?"
36 months 10,000 miles
Base: 36,850 BMW 328i M sport
M Sport: $3850
Lighting Package: $900
Black Dakota Leather: $1450
Estoril Blue: $550
#4908 of 5153 Car Man (DEAL GREAT-GOOD-AVERAGE)???
Feb 11, 2013 (5:59 pm)
2013 328i 4dr Rear-Wheel Drive (FLORIDA)
Black Dakota Leather
Base: $36,500 (manufactured without Bluetooth capability-$350 less than normal MSRP $36,850)
M Sport: $3,850
Premium package: $3,100
Lighting package: $900
Rear-view camera: $400
Park distance control: $750
Harmon Kardon surround sound: $875
OPTION CREDIT: -$750 (credit for manufacturing without bluetooth capabilities)
rental surcharge: (estimated) $60
Doc Fee: $699
Non Tax fees:
Bank acquisition fee: $925
license fee: $450
Tag agency fee: $32
Florida Lemon Law: $2
Battery Disposal: $1.50
ADJUSTED PRICE: $43,251
After fees: $45,854.69
MONTHLY PAYMENT (36 months/10,000 miles)(money factor .0016)
$529 month (includes tax)
$3000 at closing covers fees and first months lease.
Feb 11, 2013 (6:10 pm)
Residual value after 36 months=63% $29,655
#4911 of 5153 Re: Car Man (DEAL GREAT-GOOD-AVERAGE)??? [dropbottom44]
Feb 13, 2013 (5:01 pm)
Thanks for the response. The dealer is trying to charge me $598 (including tax) with a price of $43,251 on a 36 month/10K miles per year. Not sure how they are deriving this price based on the quoted money factor (.0016). Not sure where to go from here...when I explain that I am seeking help (you), they tell me some sort of BS. Wish I could just get a straight answer from them! Thanks for your insight!
#4912 of 5153 Re: Car Man (DEAL GREAT-GOOD-AVERAGE)??? [epry]
Feb 13, 2013 (6:43 pm)
Really bad. Base money factor is .00130.
#4913 of 5153 Covering first payment?
Feb 13, 2013 (7:38 pm)
Currently negotiating a lease on a 335is. Noticed a few posts ago something about BMW covering the first payment. Of course it hasn't been mentioned in the back and forth with the dealers. Is there somewhere I can look this up for confirmation and print it out?
#4914 of 5153 2013 328i Lease Question
Feb 14, 2013 (7:05 am)
Hey Car man, I was contacted by my BMW dealer and was told that I can bring in my current leased 328 coupe early for a new BMW. I have about 6 moths left but am about 13K below the mileage limit (45k) so I was thinking I can use this as leverage during negotiations.
1.) Can you provide me with the February money factor and residual based on a 36 month 15k/year lease for a 2013 328i Sedan?
2.) Also, aside from the $750 loyalty incentive is there anything else currently being offered by BMW? Is there another $1000 in lease cash by any chance? Also is BMW picking up the first month's payment?
From my research it seems like the current money factor is .0013 and the residual would be 60%. Could you please verify these for me?
The MSRP on the car is $43,570 (Sport Line, Lighting Pkg, Heated Seats, Moonroof, Harmon Kardon). Including all incentives I am aiming at an out the door price of $38,500-$39,000. Absolutely no money down. Is that possible? I don't want to pay more than $480-$490/month, and that is with taxes included (NJ-7%). Based on a $39,000 out the door price I'm coming up with a $472/month (including taxes). Does this sound right? Thanks!
#4915 of 5153 BMW 328i Lease Question
Feb 15, 2013 (12:57 pm)
Hi Car man,
I am preparing to make an offer on a 2013 328i with an MSRP of $48,770. I am assuming an agreed upon value of $44,770; a dealer rebate of $1,750 ($1000+$750 loyalty); an acquisition fee of $725; a residual of 65%; a money factor of .0013 (top tier credit); 10k miles per year; 36 mo lease; and a $0 down payment (except fees and first month payment).
My questions are:
(1) Does this appear to be a reasonable offer?
(2) Based on the information I've shared, can you estimate (roughly) what my monthly payment would be?
Thanks so much!
#4916 of 5153 RV%, lease advice
Feb 16, 2013 (2:15 pm)
Hey Car Guy,
If Iím looking to lease a 2013 335i convertible loaded with pkgs:
1) If MSRP is approx. 62k, what should invoice be?
2) If mileage is 12k/yr, what should RV% be (.62?)
3) car is at a dealership distant part of my home state:
a) should I negotiate with the local dealership, whom I know pretty well, and have them do a dealership swap for the car?
b) should I negotiate directly with dealership who presently has the car and have them deliver car to me?
Iím essentially using the Edmunds lease formula and would like to get the price closest to what I calculate once I correct for your advise on approx. invoice and approx. RV% with 12k/yr lease.
THANK YOU, THANK YOU!!!!