2014 BMW 4-Series Lease Questions

mark2015

Thank you.
Is this how you got it:

Total cost: 46135+854+389+138+725=48241
Residual: 0.59x50200:29618 (Is my assumption correct here, the residual is multiplied by the MSRP and not the cap cost)

48241-29618=18623
18623/39: 478

(48241+29618)x0.0013=101

478+101: 580 pretax

Am I doing this right?
Thank you

Michaell

mark2015 said:

Thank you.
Is this how you got it:

Total cost: 46135+854+389+138+725=48241
Residual: 0.59x50200:29618 (Is my assumption correct here, the residual is multiplied by the MSRP and not the cap cost)

48241-29618=18623
18623/39: 478

(48241+29618)x0.0013=101

478+101: 580 pretax

Am I doing this right?
Thank you

Exactly! I'm getting $578.73 but I'm showing 2 decimal places in my math whereas you're rounding to the nearest dollar.

noah27

Michaell said:

noah27 said:

kyfdx said:

noah27 said:

I need some help, i just got in a 2013 C250 Coupe October 25th and I want to get out of it, bought it for 28,9 and came out with the total being financed as 32,9. Mo. Payment 509. Can I get out of this car? I want to get into a 428i, with tech and msport pacckages ideally under 550 a month? I dont care how many months I have to lease but I want out of this car. My first payment is about a month away.

You can get out of anything with enough money..

Would I be upside down on the 3k in taxes that was tacked onto the loan? Because I haven't even made the first payment..

Head over to the "Real World Trade in Values" discussion for an honest assessment of your current car. If the taxes were added to the loan you will be responsible for them should you decide to trade.

What is so wrong with the MB that you want to get rid of it after only 2 weeks?

Nothing is wrong with it, I just don't like it anymore. But thanks for the info!

mark2015

Michaell said:

mark2015 said:

Thank you.
Is this how you got it:

Total cost: 46135+854+389+138+725=48241
Residual: 0.59x50200:29618 (Is my assumption correct here, the residual is multiplied by the MSRP and not the cap cost)

48241-29618=18623
18623/39: 478

(48241+29618)x0.0013=101

478+101: 580 pretax

Am I doing this right?
Thank you

Exactly! I'm getting $578.73 but I'm showing 2 decimal places in my math whereas you're rounding to the nearest dollar.

One question I have how does the dealer calculate excess mileage cost, say I am getting a 39m/15K lease, how is that extra 5K over the standard 10K miles per year calculated into the lease. Thank you

kyfdx

mark2015 said:

Michaell said:

mark2015 said:

Thank you.
Is this how you got it:

Total cost: 46135+854+389+138+725=48241
Residual: 0.59x50200:29618 (Is my assumption correct here, the residual is multiplied by the MSRP and not the cap cost)

48241-29618=18623
18623/39: 478

(48241+29618)x0.0013=101

478+101: 580 pretax

Am I doing this right?
Thank you

Exactly! I'm getting $578.73 but I'm showing 2 decimal places in my math whereas you're rounding to the nearest dollar.

One question I have how does the dealer calculate excess mileage cost, say I am getting a 39m/15K lease, how is that extra 5K over the standard 10K miles per year calculated into the lease. Thank you

15K/yr is the standard.. 15K/yr residuals are 3% lower than 10K/yr.

mark2015

kyfdx said:

mark2015 said:

Michaell said:

mark2015 said:

Thank you.
Is this how you got it:

Total cost: 46135+854+389+138+725=48241
Residual: 0.59x50200:29618 (Is my assumption correct here, the residual is multiplied by the MSRP and not the cap cost)

48241-29618=18623
18623/39: 478

(48241+29618)x0.0013=101

478+101: 580 pretax

Am I doing this right?
Thank you

Exactly! I'm getting $578.73 but I'm showing 2 decimal places in my math whereas you're rounding to the nearest dollar.

One question I have how does the dealer calculate excess mileage cost, say I am getting a 39m/15K lease, how is that extra 5K over the standard 10K miles per year calculated into the lease. Thank you

15K/yr is the standard.. 15K/yr residuals are 3% lower than 10K/yr.

Thank you, how are extra miles calculated, say 20K, just based on the residual?(if so how much is a residual on 39m/20k) or it must include the cost of additional miles? How much are the extra miles, some say 10cents if you buy upfront. Some say 16 cents. Thank you

admiralaj

My dealer sent the following to me in an email:

"the $1k UDE and $1k college grad go towards downpayment they have to populate on the "rebate" line on contract"

How does this affect me if I use my bank financing vs. leasing thru BMW?

Thanks,

AJ

kyfdx

mark2015 said:

kyfdx said:

mark2015 said:

Michaell said:

mark2015 said:

Thank you.
Is this how you got it:

Total cost: 46135+854+389+138+725=48241
Residual: 0.59x50200:29618 (Is my assumption correct here, the residual is multiplied by the MSRP and not the cap cost)

48241-29618=18623
18623/39: 478

(48241+29618)x0.0013=101

478+101: 580 pretax

Am I doing this right?
Thank you

Exactly! I'm getting $578.73 but I'm showing 2 decimal places in my math whereas you're rounding to the nearest dollar.

One question I have how does the dealer calculate excess mileage cost, say I am getting a 39m/15K lease, how is that extra 5K over the standard 10K miles per year calculated into the lease. Thank you

15K/yr is the standard.. 15K/yr residuals are 3% lower than 10K/yr.

Thank you, how are extra miles calculated, say 20K, just based on the residual?(if so how much is a residual on 39m/20k) or it must include the cost of additional miles? How much are the extra miles, some say 10cents if you buy upfront. Some say 16 cents. Thank you

On the cheaper models, it's $0.20/mile, upfront..

mark2015

kyfdx said:

mark2015 said:

kyfdx said:

mark2015 said:

Michaell said:

mark2015 said:

Thank you.
Is this how you got it:

Total cost: 46135+854+389+138+725=48241
Residual: 0.59x50200:29618 (Is my assumption correct here, the residual is multiplied by the MSRP and not the cap cost)

48241-29618=18623
18623/39: 478

(48241+29618)x0.0013=101

478+101: 580 pretax

Am I doing this right?
Thank you

Exactly! I'm getting $578.73 but I'm showing 2 decimal places in my math whereas you're rounding to the nearest dollar.

One question I have how does the dealer calculate excess mileage cost, say I am getting a 39m/15K lease, how is that extra 5K over the standard 10K miles per year calculated into the lease. Thank you

15K/yr is the standard.. 15K/yr residuals are 3% lower than 10K/yr.

Thank you, how are extra miles calculated, say 20K, just based on the residual?(if so how much is a residual on 39m/20k) or it must include the cost of additional miles? How much are the extra miles, some say 10cents if you buy upfront. Some say 16 cents. Thank you

On the cheaper models, it's $0.20/mile, upfront..

It's actually 0.16 cents per mile, just letting everybody know.
Thank you.
http://www.bmwusa.com/Standard/Content/FinancialServices/mileage_adjustment_program.aspx

kyfdx

mark2015 said:

kyfdx said:

mark2015 said:

kyfdx said:

mark2015 said:

Michaell said:

mark2015 said:

Thank you.
Is this how you got it:

Total cost: 46135+854+389+138+725=48241
Residual: 0.59x50200:29618 (Is my assumption correct here, the residual is multiplied by the MSRP and not the cap cost)

48241-29618=18623
18623/39: 478

(48241+29618)x0.0013=101

478+101: 580 pretax

Am I doing this right?
Thank you

Exactly! I'm getting $578.73 but I'm showing 2 decimal places in my math whereas you're rounding to the nearest dollar.

One question I have how does the dealer calculate excess mileage cost, say I am getting a 39m/15K lease, how is that extra 5K over the standard 10K miles per year calculated into the lease. Thank you

15K/yr is the standard.. 15K/yr residuals are 3% lower than 10K/yr.

Thank you, how are extra miles calculated, say 20K, just based on the residual?(if so how much is a residual on 39m/20k) or it must include the cost of additional miles? How much are the extra miles, some say 10cents if you buy upfront. Some say 16 cents. Thank you

On the cheaper models, it's $0.20/mile, upfront..

It's actually 0.16 cents per mile, just letting everybody know.
Thank you.
http://www.bmwusa.com/Standard/Content/FinancialServices/mileage_adjustment_program.aspx

That's if you purchase during the lease term. Actually, it's 0.15/mi. purchased upfront or $0.20 /mi. at the end of the lease. The new program is pretty nice, because you can make that payment for mileage all the way up until the last day of the lease... It used to be that you had to do it at least 6 months in advance...

The benefit of buying the miles upfront (other than the slight discount) is that the cost is amortized over your full lease term, rather than owing a lump sum..

mitch295

Looking to help my father figure out a lease deal on a 435xi Convertible. Found the car he's looking for but was hoping you could help me with the lease calculations.

Total MSRP is $66,975 (that includes destination charge of $950). Only looking for 10K miles per year and we are in PA. He'll be trading in his old BMW but will be lucky to get $3,000 for it.

I'll leave it up to my dad to negotiate the sale price of the car but was hoping you could provide some guidance on the current MF, the residual, and approximate negotiated price to shoot for (maybe $62,500??).

Thanks for your help.

Michaell

mitch295 said:

Looking to help my father figure out a lease deal on a 435xi Convertible. Found the car he's looking for but was hoping you could help me with the lease calculations.

Total MSRP is $66,975 (that includes destination charge of $950). Only looking for 10K miles per year and we are in PA. He'll be trading in his old BMW but will be lucky to get $3,000 for it.

I'll leave it up to my dad to negotiate the sale price of the car but was hoping you could provide some guidance on the current MF, the residual, and approximate negotiated price to shoot for (maybe $62,500??).

Thanks for your help.

.00130 is the MF this month for all BMW's. Is this a leftover 2014 or a new 2015 that he's looking at? Also, what lease term?

Use the pricing tools (Make, Model, Year) at the top of the page to help you establish a target price.

mitch295

Thanks, Michaell. He's looking at a new 2015. I believe the lease term that BMW was pushing was 39 months, but can you provide info for 39 and 36 month terms?

Michaell

mitch295 said:

Thanks, Michaell. He's looking at a new 2015. I believe the lease term that BMW was pushing was 39 months, but can you provide info for 39 and 36 month terms?

39 months is the preferred term this month .. better residual than 36 months.

39/10 residual for 2015 435xi Convertible is 61%. $1000 holiday cash available.

mitch295

thanks, trying to figure out the lease payment...if the MSRP is 66,975 with a 61% residual and a .0013 MF where would i input the 3K down from the trade and the 1K holiday cash? If i assume the negotiated price is $63,000 i end up with lease payments of $702 if i followed your formula properly but i dont know where to deduct the trade of 3K and the holiday credit. would that just reduce the total cost price from $63,000 to $59,000?

Michaell

mitch295 said:

thanks, trying to figure out the lease payment...if the MSRP is 66,975 with a 61% residual and a .0013 MF where would i input the 3K down from the trade and the 1K holiday cash? If i assume the negotiated price is $63,000 i end up with lease payments of $702 if i followed your formula properly but i dont know where to deduct the trade of 3K and the holiday credit. would that just reduce the total cost price from $63,000 to $59,000?

That would be one way to utilize the trade equity and holiday cash. Remember, though, there are other up front costs - acquisition fee, license and tags, perhaps sales tax - that would consume the equity and incentive monies.

Get the dealer to break down the up front costs for you - that will tell you how much of the $4k will go to cap cost reduction.

sammy81

Please help! I just purchased the car and I'm not sure I got correct calculation. msrp 53075 sale price 50000 with incentive. 255 document fee and 725 acq. 15k/39 month rb 58% I brought the MF down to .00081 with 7 msd. Every thing looked good and I signed with monthly payment 666. Is this calculation correct??

Michaell

sammy81 said:

Please help! I just purchased the car and I'm not sure I got correct calculation. msrp 53075 sale price 50000 with incentive. 255 document fee and 725 acq. 15k/39 month rb 58% I brought the MF down to .00081 with 7 msd. Every thing looked good and I signed with monthly payment 666. Is this calculation correct??

I don't know the tax obligations where you live, but with the numbers you've provided I show a pre-tax payment of $558.17/mo.

sammy81

Texas tax is 6.25%

Michaell

sammy81 said:

Texas tax is 6.25%

Ah! Texas also applies the tax to the entire purchase price, not just to the monthly payment or total depreciation. That will make your lease payment much larger.

whoknew01

Considering 435i convertible, IS 350C or Q60 convertible and was wondering which of the three has the best MF & RV for 39 mo lease with 12k miles/yr. From what I'm seeing, it looks like the MF on the BMW is higher than the Lexus & Infinity. Is that the case?

Michaell

whoknew01 said:

Considering 435i convertible, IS 350C or Q60 convertible and was wondering which of the three has the best MF & RV for 39 mo lease with 12k miles/yr. From what I'm seeing, it looks like the MF on the BMW is higher than the Lexus & Infinity. Is that the case?

39/12 numbers on the 2015 435i convertible are .00130 MF and 60% for 39/12. $1000 holiday credit this month.

admiralaj

Ok. I finally received the final terms on the 2015 428i GC.

MSRP: $57,035
Cap Cost: $50,640 ($52,990 invoice - $1,350 - $1,000 holiday Credit)
Lease Term: 39 mos.
MF: .00130
Residual: 62% on 10K
Monthly Lease Pymt: $503.55 + 9% CA tax $45.32 = $548.87

Drive Off estimate: $548.87+ $725 (acquisition fee) + ~$750 (registration/fees) - $1,000 UDE -$1,000 College Grad incentive.

Does this look right?

AJ

Michaell

admiralaj said:

Ok. I finally received the final terms on the 2015 428i GC.

MSRP: $57,035
Cap Cost: $50,640 ($52,990 invoice - $1,350 - $1,000 holiday Credit)
Lease Term: 39 mos.
MF: .00130
Residual: 62% on 10K
Monthly Lease Pymt: $503.55 + 9% CA tax $45.32 = $548.87

Drive Off estimate: $548.87+ $725 (acquisition fee) + ~$750 (registration/fees) - $1,000 UDE -$1,000 College Grad incentive.

Does this look right?

AJ

My numbers are the same as yours ....

admiralaj

Michaell said:

admiralaj said:

Ok. I finally received the final terms on the 2015 428i GC.

MSRP: $57,035
Cap Cost: $50,640 ($52,990 invoice - $1,350 - $1,000 holiday Credit)
Lease Term: 39 mos.
MF: .00130
Residual: 62% on 10K
Monthly Lease Pymt: $503.55 + 9% CA tax $45.32 = $548.87

Drive Off estimate: $548.87+ $725 (acquisition fee) + ~$750 (registration/fees) - $1,000 UDE -$1,000 College Grad incentive.

Does this look right?

AJ

My numbers are the same as yours ....

Thanks Michael! Appreciate it.

mitch295

Michaell,

my dad is making headway on the 435 i mentioned above...MSRP is 66,975 and the negotiated price can down to $61,305 (the dealer said that includes the holiday credit). If his trade is worth $3,000 on a 10K 39 month lease in PA would his after tax monthly payment be $628? Then at delivery he'd need to pay 1st month, tax, tags, and bank fee all told about $1,775?

Does that look right to you? He is waiting to hear back from the dealer but i want to make sure he has the right info. Thanks again!

Michaell

mitch295 said:

Michaell,

my dad is making headway on the 435 i mentioned above...MSRP is 66,975 and the negotiated price can down to $61,305 (the dealer said that includes the holiday credit). If his trade is worth $3,000 on a 10K 39 month lease in PA would his after tax monthly payment be $628? Then at delivery he'd need to pay 1st month, tax, tags, and bank fee all told about $1,775?

Does that look right to you? He is waiting to hear back from the dealer but i want to make sure he has the right info. Thanks again!

How is the trade equity being applied? Cap cost reduction? I would think so since he's still being asked to come up with almost $1800 for first payment, tax, tags, fees, etc.

$3000 works out to about $77/mo over 39 months, so his true payment is closer to $700/mo. On a $67K car that's OK but he might be able to do better.

He might want to look into using the trade equity as MSD ... this will lower the MF used and he will get than money back at lease end.

mitch295

ok, i will look into the MSD. is there a set calculation on how much the MF will decrease for each MSD?

kyfdx

mitch295 said:

ok, i will look into the MSD. is there a set calculation on how much the MF will decrease for each MSD?

.00007 per each MSD, up to a maximum of 7.. 7 X .00007 = .00049 MF reduction.

gronk87

Hi everyone! First time here! Please help me see if this is a good deal or not. Thank you!

Here is my deal so far:
CA tax 
2015 428i convertible 
MSRP: 56,100
savings: 7,350
Selling price: 48,750
Tax: 4,433.14
Tag/reg: 388
Other: 29
Flat County fee: 10
e-filing: 29
Smog: 20
Doc: 80
Balance due: 53,739
Acquisition Fee: 925
39mo/15K
Cash due: 5,632 (3850 for MSDs)
534 per month. 

Is that good?

kyfdx

gronk87 said:

Hi everyone! First time here! Please help me see if this is a good deal or not. Thank you!

Here is my deal so far:
CA tax 
2015 428i convertible 
MSRP: 56,100
savings: 7,350
Selling price: 48,750
Tax: 4,433.14
Tag/reg: 388
Other: 29
Flat County fee: 10
e-filing: 29
Smog: 20
Doc: 80
Balance due: 53,739
Acquisition Fee: 925
39mo/15K
Cash due: 5,632 (3850 for MSDs)
534 per month. 

Is that good?

Why is there tax included in a balance due, if you are leasing? In CA, the monthly payment is taxed, not paid upfront.

whoknew01

I looked through the thread and see MF & RV on 2015's but can't find numbers on a 2014. I found a leftover 2014 435i convertible and need to know MF & RV on 2014 435i convertible for 39 mo, 12k & 15k miles per year, please... Thanks!

gronk87

kyfdx said:

Hi everyone! First time here! Please help me see if this is a good deal or not. Thank you!

Here is my deal so far:
CA tax 
2015 428i convertible 
MSRP: 56,100
savings: 7,350
Selling price: 48,750
Tax: 4,433.14
Tag/reg: 388
Other: 29
Flat County fee: 10
e-filing: 29
Smog: 20
Doc: 80
Balance due: 53,739
Acquisition Fee: 925
39mo/15K
Cash due: 5,632 (3850 for MSDs)
534 per month. 

Is that good?

Why is there tax included in a balance due, if you are leasing? In CA, the monthly payment is taxed, not paid upfront.

I'm not sure. Is that something I can tell them to take out? Would that lower the amount due? Thank you for helping!!

Michaell

whoknew01 said:

I looked through the thread and see MF & RV on 2015's but can't find numbers on a 2014. I found a leftover 2014 435i convertible and need to know MF & RV on 2014 435i convertible for 39 mo, 12k & 15k miles per year, please... Thanks!

.00130 and 57% for 36/15. Add 2% for 12K. 39 month numbers are not competitive.

Michaell

gronk87 said:

kyfdx said:

gronk87 said:

Hi everyone! First time here! Please help me see if this is a good deal or not. Thank you!

Here is my deal so far:
CA tax 
2015 428i convertible 
MSRP: 56,100
savings: 7,350
Selling price: 48,750
Tax: 4,433.14
Tag/reg: 388
Other: 29
Flat County fee: 10
e-filing: 29
Smog: 20
Doc: 80
Balance due: 53,739
Acquisition Fee: 925
39mo/15K
Cash due: 5,632 (3850 for MSDs)
534 per month. 

Is that good?

Why is there tax included in a balance due, if you are leasing? In CA, the monthly payment is taxed, not paid upfront.

I'm not sure. Is that something I can tell them to take out? Would that lower the amount due? Thank you for helping!!

I'd ask the dealer to provide a detailed breakdown of the up front costs. Tax should not be included.

whoknew01

Does $1k holiday credit apply to all 435i convertible deals for month of November? Regardless of whether it's a 2014, 2015 lease or purchase?

Michaell

whoknew01 said:

Does $1k holiday credit apply to all 435i convertible deals for month of November? Regardless of whether it's a 2014, 2015 lease or purchase?

No holiday cash on 2014 435i convertible. $1000 for 2015 model - I believe that is valid for either lease or purchase.

doug911w

My dealer sent this to me today. Is this reasonable:
$429*/month for 39 months. $1,000 Holiday Credit included in payment.

Vehicle Registered outside N.Y. Vehicle Registered in N.Y.
• $429 First months payment • $429 First months payment
• $3,000 Down payment • $3,000 Down payment
• $0 Security Deposit • $0 Security deposit
• $725 Acquisition fee • $725 Acquisition fee
• $4,154 Cash due at signing • $4,154 Cash due at signing

* Offer not valid in Puerto Rico. Lease financing available on new 2015 BMW 428i xDrive Gran Coupe from participating BMW centers on leases assigned to BMW Financial Services through January 02, 2015. Monthly lease payments of $429.00 for 39 months based on MSRP of $48,650.00. $4,154.00 cash due at signing is based on $3,000.00 down payment, $429.00 first month payment, $725.00 acquisition fee, and $.00 security deposit (not all customers will qualify for security deposit waiver). Tax, title, license, registration and dealer fees are additional fees due at signing. Program available from participating BMW dealers to eligible, qualified customers with excellent credit history who meet BMW Financial Services credit requirements. Payments do not include applicable taxes. All figures presented are examples only. Actual MSRP may vary. Lessee responsible for insurance during the lease term and any excess wear and tear as defined in the lease contract, $0.20/mile over 10,000 miles per year and a disposition fee of $350 at lease end. Purchase option at lease end (excluding tax, title, and other government fees) is $30,163.00. Offer valid through January 02, 2015 and may be combined with other offers unless otherwise stated. Qualified rate lock applicants must take delivery within 60 days of initial lock. $1,000 Holiday Credit available on BMW 428i xDrive Gran Coupe models.

Michaell

doug911w said:

My dealer sent this to me today. Is this reasonable:
$429*/month for 39 months. $1,000 Holiday Credit included in payment.

Vehicle Registered outside N.Y. Vehicle Registered in N.Y.
• $429 First months payment • $429 First months payment
• $3,000 Down payment • $3,000 Down payment
• $0 Security Deposit • $0 Security deposit
• $725 Acquisition fee • $725 Acquisition fee
• $4,154 Cash due at signing • $4,154 Cash due at signing

* Offer not valid in Puerto Rico. Lease financing available on new 2015 BMW 428i xDrive Gran Coupe from participating BMW centers on leases assigned to BMW Financial Services through January 02, 2015. Monthly lease payments of $429.00 for 39 months based on MSRP of $48,650.00. $4,154.00 cash due at signing is based on $3,000.00 down payment, $429.00 first month payment, $725.00 acquisition fee, and $.00 security deposit (not all customers will qualify for security deposit waiver). Tax, title, license, registration and dealer fees are additional fees due at signing. Program available from participating BMW dealers to eligible, qualified customers with excellent credit history who meet BMW Financial Services credit requirements. Payments do not include applicable taxes. All figures presented are examples only. Actual MSRP may vary. Lessee responsible for insurance during the lease term and any excess wear and tear as defined in the lease contract, $0.20/mile over 10,000 miles per year and a disposition fee of $350 at lease end. Purchase option at lease end (excluding tax, title, and other government fees) is $30,163.00. Offer valid through January 02, 2015 and may be combined with other offers unless otherwise stated. Qualified rate lock applicants must take delivery within 60 days of initial lock. $1,000 Holiday Credit available on BMW 428i xDrive Gran Coupe models.

This is the national (or regional) deal .. you can do better on your own.

We don't recommend making a down payment on a lease - if the car is stolen or totaled, you are out the money. Only money up front should be for first months payment, fees and tags/license.

doug911w

Good counsel, TY. Can I assume then that'd if I had them remove the 3000 DP or if I went somewhere "on my own", then it'd be roughly $77 more per month?

Michaell

doug911w said:

Good counsel, TY. Can I assume then that'd if I had them remove the 3000 DP or if I went somewhere "on my own", then it'd be roughly $77 more per month?

Exactly.

richz

To be clear, if you go somewhere "on your own" you can get a much better deal. The money down part doesn't have anything to do directly with how good/bad the deal is but since it reduces the monthly payment it makes the deal look a lot better than it is to most people.

Michaell

richz said:

To be clear, if you go somewhere "on your own" you can get a much better deal. The money down part doesn't have anything to do directly with how good/bad the deal is but since it reduces the monthly payment it makes the deal look a lot better than it is to most people.

Correct - the total money spent doesn't change, just the calculus of the monthly payment.

doobee

What are the MF and RV for 2014 428i? 36mo\10k and 39mo\10k.

If 2014 numbers are not available what are the 2015 numbers?

doug911w

I have emailed them - awaiting reply

Michaell

doobee said:

What are the MF and RV for 2014 428i? 36mo\10k and 39mo\10k.

If 2014 numbers are not available what are the 2015 numbers?

2014 - .00130 and 61% for 36/10

2015 - .00130 and 61% for 39/10. $1000 holiday cash

davava

Lease/Tax Strategy.

VA applies taxes to the entire purchase price, not just to the monthly payment or total depreciation.

Would you recommend rolling the tax into the lease payments or paying it separately as part of the up front cost (both choices are available in VA)

I read your comments regarding not recommending making a down payment on a lease from the point of view of being out of the money if the car is totaled or stolen. I wonder if the same logic applies to taxes.

kyfdx

davava said:

Lease/Tax Strategy.

VA applies taxes to the entire purchase price, not just to the monthly payment or total depreciation.

Would you recommend rolling the tax into the lease payments or paying it separately as part of the up front cost (both choices are available in VA)

I read your comments regarding not recommending making a down payment on a lease from the point of view of being out of the money if the car is totaled or stolen. I wonder if the same logic applies to taxes.

I feel the same way about taxes, if due upfront.. On a $50K car, that's about $2000 in VA, right? Rolled into the lease, you are covered by GAP, in case of total loss.. that pays the tax bill, as well... If you had paid the tax out of pocket, the state is not going to refund that, I don't think..

ryans1234

Pretty new to leasing here, could someone please let me know if this is a good deal or what the current MF and RV are on a 2014 428i Conv MSRP $56,100
Selling Price $49,143 Cash Due w/ taxes $5,588 Monthly Payment w/ taxes $484 36months 10k miles/yr.

Thank you so much!

kyfdx

ryans1234 said:

Pretty new to leasing here, could someone please let me know if this is a good deal or what the current MF and RV are on a 2014 428i Conv MSRP $56,100
Selling Price $49,143 Cash Due w/ taxes $5,588 Monthly Payment w/ taxes $484 36months 10k miles/yr.

Thank you so much!

.00130 MF and 60% residual.