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BMW X1 Lease Questions

102 messages,  Last post on May 07, 2013 at 9:29 AM

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What is this discussion about? BMW X1, Car Buying, Car Leasing, SUV

    

Messages Page 8 of 11

#70 of 102 Is $399 offer on xDrive 28i based on 0.0013 money factor? by sepi60

Mar 18, 2013 (12:21 pm)

Hello everyone:
 
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:
 
http://www.bmwusa.com/standard/content/Vehicles/2013/X1/xDrive28i/
 
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?
 
Thanks much

#71 of 102 Re: lease factor and residual value for new BMW X1 [jasonmdbmw] by residual_risk

Mar 18, 2013 (3:20 pm)

Replying to: jasonmdbmw (Mar 18, 2013 8:32 am)
Thank you!!

#72 of 102 Re: lease factor and residual value for new BMW X1 [sepi60] by residual_risk

Mar 18, 2013 (3:22 pm)

Replying to: sepi60 (Mar 18, 2013 8:47 am)
Thank you Sepia!

#73 of 102 Re: lease factor and residual value for new BMW X1 [sepi60] by jasonmdbmw

Mar 20, 2013 (9:09 am)

Replying to: sepi60 (Mar 18, 2013 8:47 am)
Yes you are right. Sorry about that, was looking at the wrong residual.

#74 of 102 MF and residue for 2013 X1 35i by spydervr4

Mar 22, 2013 (10:46 am)

Does the MF posted above for the 28i apply to 35i as well?
 
Thanks

#75 of 102 Re: MF and residue for 2013 X1 35i [spydervr4] by jasonmdbmw

Mar 23, 2013 (7:25 am)

Replying to: spydervr4 (Mar 22, 2013 10:46 am)
Yes it does

#76 of 102 Dealer offering 0.0017 money factor but cutting the price by sepi60

Mar 23, 2013 (11:03 am)

Hi Everyone,
 
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?
 
Thanks,
 
sepi

#77 of 102 Re: Dealer offering 0.0017 money factor but cutting the price [sepi60] by Car_man HOST

Mar 24, 2013 (6:50 am)

Replying to: sepi60 (Mar 23, 2013 11:03 am)
Hi sepi. I personally don't see why the dealer insists upon marking up your vehicle's money factor to the point that they are willing to sell you the vehicle below invoice minus incentives. I personally prefer to do deals as straight forward as possible with the buy rate money factor and whatever real selling price I can negotiate.
 
Having said that, if you have shopped around and this combination of a higher money factor and an abnormally low selling price results in the lowest monthly payment for the vehicle that you want then I personally don't see any reason not to go for it.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

#78 of 102 Re: Dealer offering 0.0017 money factor but cutting the price [Car_man] by sepi60

Mar 25, 2013 (1:42 pm)

Replying to: Car_man (Mar 24, 2013 6:50 am)
Thanks much Car_man,
 
In fact they didn't offer me $1200 discount, but just $200, plus a bmw rebate that I was already eligible for, and had taken it into account myself elsewhere.
 
So, I passed on their offer.
 
Thanks,
 
Sepi

#79 of 102 X1 36/month lease by hugo5

Apr 02, 2013 (6:45 am)

Hi Car Man,
 
Can you please advise MF and Residual for X1 10k 36 months for April?
Are there any incentives or cash backs this month?
 
 I am looking at this car:
http://www.edmunds.com/bmw/x1/2013/options.html?sub=suv
 
Thanks,
Hugo

Messages Page 8 of 11

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