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Prices Paid: Buying & Leasing Experiences BMW 3-Series Lease Questions
3226 messages, Last post on Dec 08, 2009 at 2:50 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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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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Replying to: kyfdx (Oct 22, 2005 11:43 am) Unfortunately, yes I believe I will need approx 18-20k. BMW offers to reimburse any unused miles (over 15k) so it seems cheeper to buy the additional 5k miles upfront versus at termination which .16/mile. I am not trading anything in at all. I'm not sure about the Capital cost number - ? but, Yes, the payment includes tax. These are total numbers.
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Replying to: ikmarco (Oct 22, 2005 2:00 pm) But.. If the cost at lease termination is $0.16/mi., and you are paying $0.15/mi. upfront... that isn't much of a savings... Actually, I believe the cost at termination is $0.20/mi... The $0.16/mi. is what you pay to upgrade during the lease term.. You might consider signing up for 18K mi./year... That would drop your payment by about $20-$22 per month.. You can always reassess after 2 years, and then purchase any extra mileage needed for $016/mi. at that time.. Because buying too many miles will quickly erode any savings you might get.. Either way... you did well!! regards, kyfdx Host-Prices Paid Forums
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Replying to: kyfdx (Oct 23, 2005 3:26 am) |
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Replying to: kyfdx (Oct 22, 2005 4:33 am) Thanks for your quick response and help! I got my black 06 325i yesterday and i love it! so many features youd never think of! Thanks again! By the way- to all those who dont know- if you lease a car through BMWFS and at the end of the lease you do not lease another car through them OR buy another car and finance it through BMWFS, there is a $350.00 charge! I thought this was outrageous and that I was getting screwed! anybody have any thoughts???
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