Last post on May 07, 2013 at 9:29 AM
You are in the Prices Paid - Buying & Leasing Experiences
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BMW X1, Car Buying, Car Leasing, SUV
#67 of 102 Re: lease factor and residual value for new BMW X1 [jasonmdbmw]
Mar 17, 2013 (7:20 pm)
Hi Jasonmdbmw, could please share the RV for the X1 for 19000 miles?
#68 of 102 Re: lease factor and residual value for new BMW X1 [residual_risk]
Mar 18, 2013 (8:32 am)
The residual will stay at 60% for 15,000 miles but there will be an $1800 charge for an additional 4,000 miles at $.15 per mile
#69 of 102 Re: lease factor and residual value for new BMW X1 [jasonmdbmw]
Mar 18, 2013 (8:47 am)
You probably mean:
"The residual will stay at [57%] for 15,000 miles but there will be an $1800 charge for an additional 4,000 miles at $.15 per mile"
#70 of 102 Is $399 offer on xDrive 28i based on 0.0013 money factor?
Mar 18, 2013 (12:21 pm)
So, I'm trying to practive my calculations before going to the dealer today, but something doesn't add up. For the lease special offered at:
with MSRP of $38,345, $725 Acquisition fee, $750 loyalty rebate, and $3,624 first month (including $2500 down, $725 acq. fee and 399 first month payment), I get monthly payments of $412 (pretax and excluding license and reg), when I use 0.0013 for money factor and 0.6 residual factor for 10,000 miles per year.
Here is my calculations:
Net Cap Cost = 38345 (MSRP) + 725 (acq. fee) - 2500 (down payment) - 725 (acq. fee paid upfront) - 750 (rebate) = 35095
Month depreciation = (35095-23007)/36 = 336
Interest = (35095+23007)*.0013 = 76
Total = 336+76 = 412
Am I missing something? why do I get $412 and not $399? Does this lease special come with lower money factor maybe?
#71 of 102 Re: lease factor and residual value for new BMW X1 [jasonmdbmw]
Mar 18, 2013 (3:20 pm)
#72 of 102 Re: lease factor and residual value for new BMW X1 [sepi60]
Mar 18, 2013 (3:22 pm)
Thank you Sepia!
#73 of 102 Re: lease factor and residual value for new BMW X1 [sepi60]
Mar 20, 2013 (9:09 am)
Yes you are right. Sorry about that, was looking at the wrong residual.
#74 of 102 MF and residue for 2013 X1 35i
Mar 22, 2013 (10:46 am)
Does the MF posted above for the 28i apply to 35i as well?
#75 of 102 Re: MF and residue for 2013 X1 35i [spydervr4]
Mar 23, 2013 (7:25 am)
Yes it does
#76 of 102 Dealer offering 0.0017 money factor but cutting the price
Mar 23, 2013 (11:03 am)
The dealer that I'm negotiating with tells me his money factor is 0.0017 for X1 because they are in red. I guess they want me to think that they are selling at loss. (I got a price about $800 above Edmunds.com invoice price, and $300 above the dealers invoice price - Their invoice price was $500 more than Edmunds.com apparently due to advertising fee).
So, anyways, I walked away, saying that the market rate is 0.0013, and if they can't afford it, I won't take the deal.
Now, the dealer has called me again, offering to cut from the price to account for the higher money factor. (They need to cut at least $1200 to match the difference).
What do you think about it? Should I go for it? or this is just another gimmick of a dishonest dealer, and I better avoid them altogether?