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Prices Paid: Buying & Leasing Experiences BMW X3 Lease Questions
723 messages, Last post on Oct 26, 2009 at 8:06 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: mvislegirl (Sep 17, 2005 5:02 pm) 2) $1200 discount from MSRP... Not good at this time of year on an '05.. Most reported deals on the X3 Prices Paid board range from $2000-$3000 off MSRP. 3) Money factor .00110 Acquisition fee $825. Both of these numbers are marked up for extra profit.. The base MF without a security deposit is .0090 and the base acq. fee is $625. 4) The tax is on the $448 cap cost reduction and the $825 acquisition fee... This is how every state does it... Anything paid upfront that reduces your taxable payment is taxed.. I'm actually surprised they aren't taxing the equity in your trade-in, that you are putting towards the lease.. 5) The wild card in all of this? Your trade.. Even though they are agreeing to give you Edmunds trade-in value, your car may not be worth that, and they are jacking up all of the other costs to cover for a possible loss on your trade.. (Or, they may just be trying to get all they can...  ). regards, kyfdx Host-Prices Paid Forums |
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Replying to: mvislegirl (Sep 17, 2005 5:02 pm) $38,795 MSRP $37,000 Selling price (very reasonable.. fair for both) $37,625 Cap cost (selling price + $625 acquisition fee) 3yr/30K lease Residual 63% MF .00075 Payment $413/mo.+ 5% tax = $434/mo. Due at signing: 1st payment ($434) + security deposit ($450) + license/registration ($264) = $1148 total.. If the offer for your Escape is "real", then that should cover the upfront money, with no further payment due from you.... So, your trade with nothing out of pocket and $434/mo... regards, kyfdx
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Replying to: kyfdx (Sep 18, 2005 5:29 am) |
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Replying to: kyfdx (Sep 18, 2005 5:29 am) |
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Replying to: mvislegirl (Sep 18, 2005 8:03 am) 2) You didn't get the security deposit waived because of your good credit.. you are paying for it. 3) If you need 12K miles/year, that reduces the residual by 1% and will raise your payment approx. $11-$12 per month.. 4) If you want out of this deal, just call them up and say so.... If they won't give your deposit back, call up your credit card company and dispute the charges.. The chances of them keeping your deposit, if you haven't taken delivery of a car are about 1%... regards, kyfdx |
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Replying to: kyfdx (Sep 18, 2005 4:36 pm) You have been so helpful, I can't even tell you! I'm so glad I stumbled on this forum. I'm calling BMW today & will let you know the outcome. Thanks for your help and your honesty! 
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Replying to: mvislegirl (Sep 18, 2005 8:03 am) In order for BMW Financial Services to waive the security deposit, they need to mark up the MF by .00015.... Remember to take this into account when you talk to the dealer.
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Replying to: kyfdx (Sep 18, 2005 4:36 pm) I got a little cocky & asked for a $36,500 selling price, plus everything else you suggested. Here's what they came back with: $36,887 selling price $0 down and my car (which covers 1st payment, security deposit, & lic/reg fees $625 aquisition fee $450 security deposit .00075 money factor 63% residual, 10K/year for 36 months They came up with $406.67/month + MA 5% tax of $20.33 = $427/month How did I do?
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Replying to: bdr127 (Sep 19, 2005 9:32 am) |
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Replying to: mvislegirl (Sep 19, 2005 9:52 am) regards, kyfdx Host-Prices Paid Forums
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