Last post on May 07, 2013 at 9:29 AM
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BMW X1, Car Buying, Car Leasing, SUV
#43 of 102 Re: X1 Lease not penciling out [x1_buyer]
by kyfdx HOST
Dec 14, 2012 (5:32 am)
1) You say the tax is on the lease payment, but that work sheet shows a tax amount that would suggest it's on the whole selliing price..
2) Cash due = $0 ?? If so, capitalize the $725 and the 1st payment.. neither of those are shown on the worksheet, either..
I didn't do the math... just looking at the information you provided...
#44 of 102 Re: X1 Lease not penciling out [kyfdx]
Dec 14, 2012 (12:45 pm)
Yeah, they claim it's not the tax. I'm going in today to learn more. Below is my calc...
#45 of 102 Calc repost...
Dec 14, 2012 (1:00 pm)
#46 of 102 Re: Calc repost... [x1_buyer]
by kyfdx HOST
Dec 14, 2012 (9:22 pm)
Your math is right... but, with $0 due at signing, you'd have to capitalize the first payment.... That would add around $17/mo... Something tells me there is a big doc fee in there somewhere, and maybe something else they didn't disclose, like a wheel insurance policy..
All that will show up in the capitalized cost, if so..
The other possibility is they are marking up the money factor....
#47 of 102 Re: Calc repost... [kyfdx]
Dec 14, 2012 (11:09 pm)
Thanks. I'm glad to hear that I'm at least doing the math right. (And it does match all the online calculators.) I'm headed in tomorrow to figure out what the extra $$ is all about.
#48 of 102 Re: Calc repost... [x1_buyer]
Dec 17, 2012 (4:30 pm)
What is meant by "Net cap Cost"? How did you get that number?
#49 of 102 Numbers finally matching.
Dec 17, 2012 (4:42 pm)
That was essentially the sum of other fees, rebates, etc that was being capitalized for the lease.
I found that taxes are charged on rebate cash, doc fees, etc. once I knew that, and once the dealer used the correct money factor, the numbers matched (within $2).
All, any reason NOT to capitalize the first month's payment?
#50 of 102 Re: X1 Lease [voldermort]
by Car_man HOST
Dec 27, 2012 (7:04 am)
Hi Hermie. Of course, the correct dealer invoice price is listed here at Edmunds.com . You can look it up over in the New Vehicle Pricing section of Edmunds.com.
BMW Financial Services' December buy rate lease money factor and residual value for a 36-month lease of a 2013 X1 28i with 12,000 miles per year are .00125 and 59% for consumers who qualify for its top credit tier.
Prices Paid: Buying & Leasing Experiences Forum
#51 of 102 X1 Lease Qs...
Dec 27, 2012 (12:31 pm)
What would be a fair cap cost on the sDrive 28i? xDrive 28i?
Also do you know the January 2013 buy rate lease money factor and residual value on a 36 month lease? Do you know if there are going to be any incentives for January?
I live in the NYC area. Dealer just told me that my out-of-pocket costs would be ~$2100, this is not including any down payment but includes 1st month lease payment. Does that sound right?
We have a family member who works at a dealership and may be able to get us an employee incentive deal too, making the X1 look very attractive right now. Considering this incentive, do you think its even worth the oxygen to try to negotiate?
Any other advice is welcome and appreciated.
#52 of 102 Re: X1 Lease [Car_man]
Dec 27, 2012 (2:33 pm)
Thank you car_man.
Will be talking to dealer later today.
Hopefully he doesn't tell me that you can't get the cold weather package with the leatherette too! SOunds like they want me to get a pkg with leather, and I am trying to keep the car down to just the basics ..... ugh!