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18Titanium Silver

Black Leather Interior

Cold Weather Package

Premium Package

Heating steering Wheel (great feature... if you have had it before you get spoiled)

Privacy glass

Satellite Prep

10,000/36 months

MSRP=$40,595

Took off $1600=$38,995

Didn't know Invoice $

63% residual

0 down

Monthly Payment (incl 6% tax)=$446.48

63% residual

Due at signing:

1st month payment

$625 acq. fee

2 year registration $225 (seems high)

$37.50 tax (Is this tax on cap cost reduction??? Is this a necessary charge?)

Delivery in 2-3 weeks, which is fine.

I can live without the sport package although I was kind of getting excited about the white/terracotta color combo.

Any room here for further negotiations?

Thanks again for your help!

36,416And, yes.. you have to pay tax on the acquisition fee...

MIght be able to knock enough off the selling price to pay for that acquisition fee.. if you keep negotiating..

regards,

kyfdx

MODERATORPrices Paid, Lease Questions, SUVs

18Thanks!

18Cap cost=$38,5000

Acquisition $625+37.50 tax=$662.50 rolled into monthly payment.

Monthly payment 36 months including 6% tax=$450.40

Out of pocket at signing=first month+$225 2 year registration fee=$675.40

Are the calculations correct?

I have to leave a deposit today so if this looks right, I will go ahead with it.

Did I miss anything?

Again, thank you so much for your help on this.

181836,416Your deal looks very good... The minimum upfront and $450/mo.

regards,

kyfdx

MODERATORPrices Paid, Lease Questions, SUVs

1818Also, someone posted that they had their acquisition fee waived on another thread. Is that possible? What is the money factor for September? I have not seen it anywhere.

Guess this was more than "1 last thing"!

Thanks

36,416youwant...Acquisition fees can't be waived... without an increase in the money factor.. You don't want to do that... It is cheaper to just have them roll the acquisition fee into the cap cost.

I haven't seen the new lease program, but I've heard the numbers are the same as last month.. 60%-63% residual, depending on mileage allowance, and a money factor of .0010...

regards,

kyfdx

MODERATORPrices Paid, Lease Questions, SUVs

18What is the invoice price?

What is the money factor?

Is the acquisition and 37.50 tax fee included in the cap cost?

Are they obligated to disclose this info if asked?

The dealer has to have this trucked to them. I am assuming they are charging for this somewhere.

Thank you, again!

18Remember the original quote was $446.48 + acquisition of $625+tax at signing using a cap cost of 38,995 (from $40,595).

Then they came down to $38,500 and the monthly is $450.40. Does the $38,500 include the acquisition fee? I learned a lot from you, but I'm still not good at this.

Thanks.

36,4162) I'm not sure if they have to disclose the money factor, but from all of the numbers you have been quoted, they almost have to be using the base factor of .0010.... Otherwise, the price would be higher...

3) I can't tell if your acq.fee is included in the cap cost.. But, I can tell you that the cap cost is indeed $38,500... If you aren't paying it upfront, it has to be included...

So... If you are getting the car for $450/mo. tax included, and only have to come up with around $1000-$1200 at inception.... then you are getting about $2700 off of MSRP, and the base money factor....

That is a great deal..

regards,

kyfdx

MODERATORPrices Paid, Lease Questions, SUVs

18Thanks a million for your help!

18The only thing I didn't get was the invoice, but I have a good idea from Edmunds.

Thanks...you were a great help!

1,142And go with what YOU like, not somebody on the internet.

- Mark

18I have read over the weekend that the 2006 model will be all one color, but it didn't occur to me to price out a 2006. Is anyone familiar with the pricing for the 2006 X3? I did give a deposit for the silver, but did not sign an agreement yet. It doesn't seem that there will be too much of a difference between the 2005/2006 models. The price I got on the 2005 was pretty good, but if the 2006 is close, I have the time to wait. Any thoughts?

Thanks!

1I learned a ton from your discussion forum – hopefully someone can learn from my numbers…

My vehicle configuration is Premium Pkg., Cold Weather Pkg. & Privacy Glass.

Invoice price is $33,215 + $1,640 + $685 +$320 + destination charges $695 = $36,555.

The agreed upon price was $37,962.16. That’s a $1,407 (3.85%) premium over invoice.

NJ capitalizes taxes – that is, they take tax on the depreciation (1 – residual %) and add it into the Adjusted Capital Cost. The Adjusted Capital Cost was $38,755.80.

I called this “real depreciation” as opposed to “adjusted depreciation” b/c you’re taxed on the real depreciation but actually pay for depreciation on the adjusted (capitalized) capital cost…if that makes sense…this is specific to NJ so most of you can probably ignore that…

Lease term is 39 months. Money factor is .001. 12k miles/year; 62% residual.

Total rent charge is $2,476.14 or $63.49 per month ([adjusted capital cost + residual]*MF*number of months).

Total depreciation charge is $14,020.90 or $359.51 per month.

Total monthly payment is $63.49 + 359.51 = $423 per month.

Due at signing:

• Initial monthly payment $423

• Bank fee $625

• Security deposit $450

• Capital cost reduction $0

• Registration fees $299

• Acquisition fee $625

• Doc fee/NJ Tire fee $140.20

Total due at signing: $1,937.20; monthly payment $423/month.

The additional $1,407.16 (capital cost over invoice) ends up costing me $1,549.76 over the term of the lease – this is $39.74 per month.

Should I have gotten down to invoice? Can you get below invoice with a BMW? I’m glad that I know that I paid over invoice – at least I’m not some putz thinking I got some great deal. But should I beat myself up over this additional $1,549.76 cost or did the dealer give me, as he said, “an aggressive deal”?

So...will I be in the doghouse for a $423/month deal when the newspapers are advertising $299/month?

Thanks for your response/comments. You have a very informative forum.

36,416You got the base money factor, and acquisition fee... and nearly $2K off of MSRP... Unless there are dealer incentives on the model (and there aren't, in this case), BMWs never go for invoice... Did you get the absolute lowest price? Probably not, but very few people do... You got a fair selling price, without the lease terms being "marked up", on a car that has a very aggressively priced lease program...

A $40K car for $423/mo.. Check out any of the other "Prices Paid" discussions.... You will find that is a screaming deal...

regards,

kyfdx

MODERATORPrices Paid, Lease Questions, SUVs

1,142- Mark

36,416MODERATORPrices Paid, Lease Questions, SUVs

395MSRP = $36,995

Sales price = $33,420 (you pay $2,500 upfront plus they discount the car $1,075)

Residual = 63% ($36,995 X 0.63 = $23,307)

Money factor = 0.0012 (came from the X5 leasing forum)

Payment is $348.99 plus tax

The residual value is given in the ad (36 mos 10K miles) - I don't know what the money factor is for September but it was 0.00075 in August. Of course BMW dealers are known for bumping up their money factors so I would wait until I know what the official money factor is.

Anyone have any further info to share?

36,416Most of BMW's advertised leases assume a discount from MSRP of around $1000...

And, you are correct on the residual and money factor for September... 63% for 36mo/30K, and .00075 for the money factor... That is a new money factor for September.... It was higher in August..

regards,

kyfdx

MODERATORPrices Paid, Lease Questions, SUVs

395Do you know what the numbers for a 36mo/36K lease are?

36,41636 mo/36k mi – 62% Residual Value – Money Factor .00075 Base Rate

MODERATORPrices Paid, Lease Questions, SUVs

39536,416MODERATORPrices Paid, Lease Questions, SUVs

12312326KYFDX, please help me with this. I have a 2004 X3 2.5 that I bought new in Mar '04. It has ~11k miles. I would like to trade that in and get a 2005 X5 3.0. especially since X5 has a $5000 incentive.

Here is the scenario:

2004 X3 2.5

Auto

Panoramic Moonroof

Privacy Glass

Alarm

Jet Black ext/black leatherette interior

I have approx. $14k auto loan remaining on X3.

I want to buy: 2005 X5 3.0

w/ Prem. Pkg

Auto

Alpine White/Jet Black

Questions I have are:

1. Can I do this transaction? i.e. will my bank and the dealer be okay with it?

2. Is there a way to refinance the loan to assume the difference of the cost and the value of the trade in?

3. Would I have any leverage while negotiating the price down for X5 given that I will also have to negotiate the value of the trade-in (X3)??

4. What is a good way of going about this given that I want to buy and not lease and that I will need to take a loan to come up with the difference?

I would truly appreciate any advice you can give on this topic.

Regards,

newBmr