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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
3223 messages, Last post on Dec 07, 2009 at 12:08 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Are these numbers reasonable? 325i, msrp = $37745, cap cost = $36000 $2500 cash at signing, money factor = .0029, $825 acquisition fee 36 month, 12k miles, 63% residual. payment = $509 I thought the money factor was way too high, what is the current base money factor for the 325i? Thanks.
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Hi Car Man, I am buying a 2006 325i with absolutely no options. manual transmission, no special paint. etc. MSRP: $31,595 (is this padded??) Negotiated Price: $30,000 Lease 36 months/15k miles per year MF=.00250 $0 down Here is how the deal is structured. Drive off: $1,242.93 Monthly payment: $474.18 That’s with the MF at .00250 and the Acquisition at $625 and the tax rate at 7.75%. Security deposit is $500 as monthly payment is $474.18. ($440.07 + tax $34.11). The car is a new stock base model jet black 325i with Manual Transmission. Mats and wheel locks are not standard but they are part of this deal. I am being charged $277 in DMV fees+$500 security deposit + First Months payment. First Question: AM I getting a good deal??? Second Question: WHy is there an acquisition fee? I called the dealer out on it, but they seem to keep telling me that is the base fee that BMSFS charges them!! Is this true, is there really an acquisition fee?? Please let me know ASAP |
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Replying to: luv2run (Oct 19, 2005 10:47 pm) You should get your MF down to .00250 (put down a security deposit) Do we absolutely need to put down a security deposit for the .00250 MF?? I dont know either, but I think youll be ahead financially. Just my opinion. Hope I helped.
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Replying to: speedy19 (Oct 21, 2005 9:55 pm) Also, from what I read $1000 over invoice is a very good deal (I hoped I calculated that correctly from your info. provided) Thanks for your help!!!!! |
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Replying to: speedy19 (Oct 21, 2005 9:52 pm) 2) The acquisition fee is charged by the bank (BMWFS).. Virtually every lending institution charges this on their leases... You can consider extra profit for the bank.. but, a bank takes a lot more risk on a lease than they do a normal car loan... Not only do they have to worry about you making your payments, etc.. but, they also have a residual value risk... So, while the lease program on the 325i isn't anything special, I'd say you are getting just about the best deal possible.... BTW, the acquisition fee isn't included in your drive-off payment... It is rolled into your cap cost and your monthly payment (which is the way I like it). Good luck today! kyfdx Host-Prices Paid Forums
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Help: I live in NJ and am interested in a 2006 BMW 325i 6 speed transmission. Options: folding rear seats, Xenon lights only. I've recieved a 36 month lease price of $532.06 Out of Pocket: 2,090.36 MSRP: 32,870.00 Residual: 17,800.70 Mileage: 20,000 Can someone tell me if this is a good deal or can I do better? HELP.
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Replying to: ikmarco (Oct 22, 2005 6:58 am) kirstie_h Roving Host Host, Future Vehicles & Smart Shopper discussions
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Replying to: kirstie_h (Oct 22, 2005 7:04 am) a) Gross Capital Cost 32,433.70 b) Inception Fee Deficiency 0.00 c) Adjusted Capital Cost 32,433.70 d) Residual 17,800.70 e) Depreciation Charge 14,633.00 f) Rent Charge 4,521.16 g) Total of base MP 19,154.16 h) Lease Term 36 i) Base MP 532.06 j) Monthly Tax 0.00 k) Personal Prop Tax 0.00 l) Excise Tax 0.00 m) Other Amounts 0.00 n) Total MP 532.06 Itemization of Amount Due at Signing a) Total Capital Cost Reduction 0.00 -Cap Reduction (Cash) 0.00 -Rebates 0.00 -Trade-In 0.00 b) Tax on Capital Cost Red. 42.00 c) First Monthly Payment 532.06 d) Last Monthly Payment(s) 0.00 e) Refundable Security Deposit 550.00 f) Acquisition Fee 625.00 g) Gap Insurance 0.00 h) Documentation Fee 75.00 i) Monthly Tax (Upfront) 0.00 j) Upfront Tax (not in Capital Cost) 0.00 k) Service Tax (not in Capital Cost) 0.00 l) Tire Tax (not in Capital Cost) 7.50 m) Lic., Insp., Title, Reg. Fees 250.50 n) Other Fees 8.30 o) Total Due at Signing 2,090.36
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Replying to: ikmarco (Oct 22, 2005 7:47 am) Are you sure you'll need all of those miles? This raises your payment about $57/mo. over a 15K/year lease.. 2) Why is the cap cost almost $1100 higher than the agreed upon price? Are you rolling over some negative equity from a trade-in? If not, then this number troubles me.. 3) It appears that the dealer is using the base money factor, and acquisition fee.. The $1500 discount from MSRP is pretty good at this low price level.. 4) Sales tax isn't included in these numbers, right? Unless that is where the $1100 extra in the cap cost comes from.. 5) At 15K mi./yr, the payment would drop to $475/mo. regards, kyfdx Host-Prices Paid Forums
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