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?
Base MF is .00130 and the 39/15 residual is 58%. Max MSD brings the MF down to .00081. With your MSRP and selling price, I get a pre-tax payment of $481.54. Tax on a lease in CA is applied to the monthly payment; adding 9% tax to the payment brings it to $524.87/mo for 39 months.
What is the other $1800 being used for? Acquisition fee is marked up - base is $725.
So far, an OK quote from the dealer, but there is room to do better.
Do I tell them to leave out the tax? He definitely knows this is my first time leasing. The dealer said the $1800 is my "first month payment, all DMV, and then the rest goes to Cap Reduction to lower my monthly payment". Does that sound off to you? Thank you very much for helping!
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?
Base MF is .00130 and the 39/15 residual is 58%. Max MSD brings the MF down to .00081. With your MSRP and selling price, I get a pre-tax payment of $481.54. Tax on a lease in CA is applied to the monthly payment; adding 9% tax to the payment brings it to $524.87/mo for 39 months.
What is the other $1800 being used for? Acquisition fee is marked up - base is $725.
So far, an OK quote from the dealer, but there is room to do better.
Do I tell them to leave out the tax? He definitely knows this is my first time leasing. The dealer said the $1800 is my "first month payment, all DMV, and then the rest goes to Cap Reduction to lower my monthly payment". Does that sound off to you? Thank you very much for helping!
It's not off - there are almost always some sort of up front costs:
First payment Acquisition Fee DMV Fees
We recommend against making any sort of 'down payment' on a lease - if the car is stolen or totaled, you are out that money.
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?
Base MF is .00130 and the 39/15 residual is 58%. Max MSD brings the MF down to .00081. With your MSRP and selling price, I get a pre-tax payment of $481.54. Tax on a lease in CA is applied to the monthly payment; adding 9% tax to the payment brings it to $524.87/mo for 39 months.
What is the other $1800 being used for? Acquisition fee is marked up - base is $725.
So far, an OK quote from the dealer, but there is room to do better.
Do I tell them to leave out the tax? He definitely knows this is my first time leasing. The dealer said the $1800 is my "first month payment, all DMV, and then the rest goes to Cap Reduction to lower my monthly payment". Does that sound off to you? Thank you very much for helping!
It's not off - there are almost always some sort of up front costs:
First payment
Acquisition Fee
DMV Fees
We recommend against making any sort of 'down payment' on a lease - if the car is stolen or totaled, you are out that money.
Ok, thank you. I'm definitely not putting anything down.
Are there any fees that MUST be paid at time of lease signing? Of the typical fees, which do & don't you recommend you pay up front? Tax, tag, reg, doc, dealer, acquisition, security...? Help, please... looking for your expertise
Are there any fees that MUST be paid at time of lease signing? Of the typical fees, which do & don't you recommend you pay up front? Tax, tag, reg, doc, dealer, acquisition, security...? Help, please... looking for your expertise
You can choose to roll everything (or nothing) into the lease payment. Some manufacturers will charge for that by adding onto the MF to waive the acquisition fee, for example.
Generally speaking, first payment, acquisition fee and state mandated license and tag fees are what you pay up front.
The above quote is for 435i Gran Coupe with M Sport package, driver assist/parking package (not the one that parks you), advanced phone integration, navigation option and metallic paint - those are the only extras.
2015 435i Gran Coupe MSRP $54,000 Assume selling price is 95% or $51,300 10,000 miles / yr 36 months CA taxes
$600 / month inclusive of taxes, etc... $3,000 down payment /drive off including cap cost reduction, fees, first payment...
Above is inclusive of any discounts (Xmas $1,000) and all taxes, registration, and dealer fees.
Thanks all!
.00130 and 62% for 39 months, 10K miles per year.
How much of the $3K is cap cost reduction? With the MSRP and selling price you've provided, I get a pre-tax payment of $567.14/mo for 39 months. 9% tax takes the payment to $618.18/mo
Wondering if you can help me with residuals and MFs for the following vehicles and terms (all 39 months which I believe is what BMW is pushing as the sweet spot lease now:
Wondering if you can help me with residuals and MFs for the following vehicles and terms (all 39 months which I believe is what BMW is pushing as the sweet spot lease now:
Can you review & let me know your thoughts on this deal?
2015 435i convertible: MSRP: $64500 Discount: $ 4000 (includes $1000 Holiday Bonus cash) Sell Price: $60550 Taxes: $ Tag/Reg: $350 Doc Fee: $699 Acquisition Fee: $925 Security Dep: $0 Any Other Fees: $104 private tag agency fee Monthly Payment: $830/month, tax included for Palm Beach Co. Best MF: .0017 Residual: .58%
$1750 due at signing for 39 months/15,000 miles per year
Working on getting them to reduce the MF... Should be .00130. Based on all other number provided, what should payment be at lower MF? Other than that, does it look like an ok deal?
Can you review & let me know your thoughts on this deal?
2015 435i convertible: MSRP: $64500 Discount: $ 4000 (includes $1000 Holiday Bonus cash) Sell Price: $60550 Taxes: $ Tag/Reg: $350 Doc Fee: $699 Acquisition Fee: $925 Security Dep: $0 Any Other Fees: $104 private tag agency fee Monthly Payment: $830/month, tax included for Palm Beach Co. Best MF: .0017 Residual: .58%
$1750 due at signing for 39 months/15,000 miles per year
Working on getting them to reduce the MF... Should be .00130. Based on all other number provided, what should payment be at lower MF? Other than that, does it look like an ok deal?
It's pretty obvious where the problems lie with this deal. The selling price is average, but a $700 doc fee, $200 acq.fee markup and a .0004 money factor markup.
Another $1000 off and the base money factor would take care of all of that, and drop your after-tax payment by around $70/mo.
I'm placing a custom order for a BMW 435i Gran Coupe. I have a lease quote from the dealer. It'll take 6-8 weeks to receive the car. I left a $1,000 deposit. The dealer is entering the order on Monday.
Question: can the dealer raise the price or monthly payment when the car arrives? I don't currently have any paperwork which says the negotiated price, other than emails.
Hi, looking to lease (2) 2014 or 15 - 528's and (1) 428 convertible. What is the minimum I should be looking for off the selling prices? What are the residual's & MF for the vehicle's in November?
We would do either 36 or 39 months with 12k miles.
Thanks so much! This board has always been a lifesaver.
I'm placing a custom order for a BMW 435i Gran Coupe. I have a lease quote from the dealer. It'll take 6-8 weeks to receive the car. I left a $1,000 deposit. The dealer is entering the order on Monday.
Question: can the dealer raise the price or monthly payment when the car arrives? I don't currently have any paperwork which says the negotiated price, other than emails.
You should have a signed buyer's order with all pricing details, just like you were going to sign the deal, today.
Hi, looking to lease (2) 2014 or 15 - 528's and (1) 428 convertible. What is the minimum I should be looking for off the selling prices? What are the residual's & MF for the vehicle's in November?
We would do either 36 or 39 months with 12k miles.
Thanks so much! This board has always been a lifesaver.
~Melissa
2014 528i: .00130 MF and 60% residual for 36mo, 12K/yr. $1500 Holiday Credit.
2015 528i: .00130 MF and 60% residual for 39mo, 12K/yr. $2000 Holiday Credit
2015 428i convertible: .00130 MF and 60% residual for 39mo, 12K/yr. $1000 credit.
Look for 5%-7% off MSRP, then subtract the Holiday Credit.
Thank you for looking, I didn't think the numbers worked. Will have to ask why...? How about the sell price, is there more of a discount to be had off MSRP?
Michael, one other question on this deal. Considering putting MSD's down on this lease deal. Based on the max...7... how much would it reduce the monthly payment? From $786 (with tax) to what...?
Thank you for looking, I didn't think the numbers worked. Will have to ask why...? How about the sell price, is there more of a discount to be had off MSRP?
Michael, one other question on this deal. Considering putting MSD's down on this lease deal. Based on the max...7... how much would it reduce the monthly payment? From $786 (with tax) to what...?
$735.14 is he after tax payment with max 7 MSDs.
Sadly, I didn't have a winning lottery ticket last night, so I'm not in the market for a $60K German convertible. You can use the Make. Model and Year pull down at the top of he pge to help determine a good target price.
Thanks Michael. I didn't hit the lottery either which is why I want to make sure these lying car salesmen face the music.
In the offer above & everything we had discussed (verbally & via emails) they said they were using .00130 MF & 58% residual. I did the math & it was off, asked you to double check to make sure I wasn't missing something & you came up with a lower number too. Went back & asked them & suddenly am told they're using .00160 MF & adding in a $700 dealer fee. How do these scumbags continue to get away with this!?!?!
Thanks Michael. I didn't hit the lottery either which is why I want to make sure these lying car salesmen face the music.
In the offer above & everything we had discussed (verbally & via emails) they said they were using .00130 MF & 58% residual. I did the math & it was off, asked you to double check to make sure I wasn't missing something & you came up with a lower number too. Went back & asked them & suddenly am told they're using .00160 MF & adding in a $700 dealer fee. How do these scumbags continue to get away with this!?!?!
This forum is the best tool! Thank you so much!
You should adjust your offer for the selling price to offset the $700 dealer fee they are trying to slip in.
Yes, most definitely! Along with walking if they won't drop the MF too. We're just going to run the numbers we feel are fair & email all local dealers to see who wants the business.
Ordered a 2015 435i GS and it'll finally gets to the dealer on Friday.
I'm going to do a 36 Month/ 12K mile lease.
Just want to check...
1) The residual %? 2) Is the MF is still .00130? 3) Is a 36 Month deal is still available? (I saw others mention a 39 month offer). Does the 39 month offer impact the residual?
Ordered a 2015 435i GS and it'll finally gets to the dealer on Friday.
I'm going to do a 36 Month/ 12K mile lease.
Just want to check...
1) The residual %? 2) Is the MF is still .00130? 3) Is a 36 Month deal is still available? (I saw others mention a 39 month offer). Does the 39 month offer impact the residual?
Thanks!
Did you mean Gran Coupe?
MF for November is .00130
Best rates this month for 2015's are for 39 months ... 12K residual is 61%, which is 1% better than the 36/12 residual. $1000 holiday cash.
Seeing same issue in South FL. So far, we've gotten quotes from two dealers & both are marking up the MF. Told both we wouldn't pay anything over BMW's published rate for Novwmber of .00130 and (so far) they've both pushed back saying they wouldn't reduce it.
One originally quoted .00170 & said they'd reduce it to .00150 but that still doesn't work for me.
Is this typical in South FL or is the new 4 series a hot car with such a demand that the local dealers aren't willing to drop e MF nationwide? What are you hearing from others...?
Seeing same issue in South FL. So far, we've gotten quotes from two dealers & both are marking up the MF. Told both we wouldn't pay anything over BMW's published rate for Novwmber of .00130 and (so far) they've both pushed back saying they wouldn't reduce it.
One originally quoted .00170 & said they'd reduce it to .00150 but that still doesn't work for me.
Is this typical in South FL or is the new 4 series a hot car with such a demand that the local dealers aren't willing to drop e MF nationwide? What are you hearing from others...?
Looks like we'll have to check out Audi...
Regards.
Dealers can make money two ways on a lease 1) not discount from MSRP, or 2) mark up the MF. You'll find many dealers willing to deal on one part of the equation, but not both. You, of course, want a good discount from sticker AND the base MF.
Read through the BMW leasing discussions here at Edmunds to see what others are getting for MF. I see enough base MF deals referenced to lead me to think it's possible. How far are you willing to drive - Tampa? Orlando?
Audi doesn't incent their leases as much --- the residual values are more reflective of reality that are those from BMW.
I started negotiations on a 428i convertible today. What I want to do is start with the "national" deal that's on BMW's website and use that as a template as the terms in my deal change. I am located in Florida.
From my reading in this thread, it seems that the standard money factor is 3.12% for November for a 39 month term. Of course, this rate is not being mentioned in the fine print of the ad. There is a $3,000 down payment (which I would add back into the lease) However, the 10K residual is listed at 61% of $52,200 MSRP of their theoretical car and the price before sales taxes is listed at $479/mo.
Using my lease calculator working backwards, the selling price would need to be $49,550 to get to that payment with the $3k down and $725 fee. So they seem to be giving $1,650 plus the $1,000 holiday credit.
Once I can pin this down, I can go back and have a real negotiation. I'm looking to do 15K miles (58% residual?) and no capital cost reduction. I'm also open to the security deposit option, but want to leave that for the end after final price is agreed.
I started negotiations on a 428i convertible today. What I want to do is start with the "national" deal that's on BMW's website and use that as a template as the terms in my deal change. I am located in Florida.
From my reading in this thread, it seems that the standard money factor is 3.12% for November for a 39 month term. Of course, this rate is not being mentioned in the fine print of the ad. There is a $3,000 down payment (which I would add back into the lease) However, the 10K residual is listed at 61% of $52,200 MSRP of their theoretical car and the price before sales taxes is listed at $479/mo.
Using my lease calculator working backwards, the selling price would need to be $49,550 to get to that payment with the $3k down and $725 fee. So they seem to be giving $1,650 plus the $1,000 holiday credit.
Once I can pin this down, I can go back and have a real negotiation. I'm looking to do 15K miles (58% residual?) and no capital cost reduction. I'm also open to the security deposit option, but want to leave that for the end after final price is agreed.
Thanks in advance for your help. gatorcpa
I might not have the current ad, but this is the one they began the month with..
$51850 MSRP $1000 Holiday Credit $1475 Dealer discount $3000 Customer Cap cost reduction $46375 net CAP cost $725 Acquisition fee .00130 Money factor (stop using APR, or you will drive yourself crazy) 61% Residual for 39mo, 10K/yr $4204 Due at signing (Cap reduction, 1st payment, acq.fee) $479/mo. + tax.
Remove the CAP cost reduction and change to 15K/yr (58% residual) and the payment changes to $598/mo.+tax, with $1323 due at signing (1st payment and acq.fee).
I'd want at least another $1000-$1500 off the selling price..
Luxury Line with several packages. Total MSRP was about $56K. Net 39 month payment with security deposit buy down is $620 plus tax. Got the correct interest rate, $2,600 off plus $500 USAA discount.
Nothing out of pocket except security, 1st payment, tax and tag. gatorcpa
Luxury Line with several packages. Total MSRP was about $56K. Net 39 month payment with security deposit buy down is $620 plus tax. Got the correct interest rate, $2,600 off plus $500 USAA discount.
Nothing out of pocket except security, 1st payment, tax and tag. gatorcpa
Sorry, a bit new here. Vehicle value... is that the selling price? And Cap cost reduction, how did that come out?
Now that Nov has passed, does anyone have the numbers for December? I'm trying to get a 2015 428i -- since I think there are hardly any 2014's left around California.
Any changes to the MF and residual % for December for a 435xi convertible, 39 months (and 42 months which I would prefer but usually is not a good deal)/ 12K miles year.
@michaell could you please provide the MF and residual for december for a 435i coupe for southern california for 36/39 months and 15k miles/year? Thank you as always.
Can you please take a look at my deal one more time? Here is more details of it.
2015 428i 39 months 12k
Gross Cap. Cost: $42101.68 - Agreed Upon Value of Vehicle (I guess this means selling $?): $41096.68 - Document Processing Charge: $80 - Acquisition Fee: $925 Cap. Cost Reduction: $1757.8 Adjusted Cap. Cost: $40343.88 Residual Value: $28086 Depreciation and any Amortized Amount: $12257.88 Rent Charge:$3842.88 Base Monthly Payment: $412.84 Tax: $37.16 Total Monthly Payment: $450
Amount Due at Signing Cap. cost reduction: $1757.8 First monthly payment: $450 Initial Registration Fee: $81 Initial License Fee: $267 Transfer Charge: $29 Sales Tax on Cap. Cost Reduction:$158.2 Cal. Tire Fee: $7 Wear and Tear Pkg: $1695 (Special Deal: $750 credit toward monthly payment) Total: $4195 with $250 rebate for wear and tear pkg
Dealer took care of my 2 upcoming payments ($763.56 total) on the current lease car.
Original MSRP: $46,810 New MSRP: $49,210 (Long story short, dealer made a mistake, giving me the car with different option I signed for, so they offered me different car with same deal.)
This case did I save a lot? Also, I purchased wear and tear pkg just in case, but is this necessary? Should I buy one next time as well? Thank you!
Comments
It's not off - there are almost always some sort of up front costs:
First payment
Acquisition Fee
DMV Fees
We recommend against making any sort of 'down payment' on a lease - if the car is stolen or totaled, you are out that money.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2015 435i Gran Coupe
MSRP $54,000
10,000 miles / yr
36 months
CA taxes
$600 / month inclusive of taxes, etc...
$3,000 down payment.
Above is inclusive of any discounts and all taxes, registration, and dealer fees.
2015 435i Gran Coupe
MSRP $54,000
10,000 miles / yr
36 months
CA taxes
$600 / month inclusive of taxes, etc...
$3,000 down payment.
Above is inclusive of any discounts and all taxes, registration, and dealer fees.
Not yet enough information to judge.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Help, please... looking for your expertise
Generally speaking, first payment, acquisition fee and state mandated license and tag fees are what you pay up front.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2015 435i Gran Coupe
MSRP $54,000
Assume selling price is 95% or $51,300
10,000 miles / yr
36 months
CA taxes
$600 / month inclusive of taxes, etc...
$3,000 down payment /drive off including cap cost reduction, fees, first payment...
Above is inclusive of any discounts (Xmas $1,000) and all taxes, registration, and dealer fees.
Thanks all!
How much of the $3K is cap cost reduction? With the MSRP and selling price you've provided, I get a pre-tax payment of $567.14/mo for 39 months. 9% tax takes the payment to $618.18/mo
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Wondering if you can help me with residuals and MFs for the following vehicles and terms (all 39 months which I believe is what BMW is pushing as the sweet spot lease now:
1) 2014 328i xD 15K/yr
2) 2014 428i xD 15K/yr
3) 2015 328i xD 15K/yr
4) 2015 428i xD 15K/yr
Thanks!
1) 2014 328i xD 15K/yr - 60% for 36 months. $750 holiday cash & $1000 eco credit
2) 2014 428i xD 15K/yr - no diesel for 2014
3) 2015 328i xD 15K/yr - 59% for 39 months. $1000 holiday cash & $500 eco credit
4) 2015 428i xD 15K/yr - no diesel for 2015
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2015 435i convertible:
MSRP: $64500
Discount: $ 4000 (includes $1000 Holiday Bonus cash)
Sell Price: $60550
Taxes: $
Tag/Reg: $350
Doc Fee: $699
Acquisition Fee: $925
Security Dep: $0
Any Other Fees: $104 private tag agency fee
Monthly Payment: $830/month, tax included for Palm Beach Co.
Best MF: .0017
Residual: .58%
$1750 due at signing for 39 months/15,000 miles per year
Working on getting them to reduce the MF... Should be .00130. Based on all other number provided, what should payment be at lower MF? Other than that, does it look like an ok deal?
It's pretty obvious where the problems lie with this deal. The selling price is average, but a $700 doc fee, $200 acq.fee markup and a .0004 money factor markup.
Another $1000 off and the base money factor would take care of all of that, and drop your after-tax payment by around $70/mo.
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Thanks or the input...sorry I should have been more clear.. by "xD", I meant "xDrive".
Do the figures change at all considering it is xDrive and not Diesel?
Thanks
00130 MF for all.
1) 2014 328i xD 15K/yr - 60% for 36 months. $750 holiday cash & $1000 eco credit
2) 2014 428i xD 15K/yr - no diesel for 2014
3) 2015 328i xD 15K/yr - 59% for 39 months. $1000 holiday cash & $500 eco credit
4) 2015 428i xD 15K/yr - no diesel for 2015
Question: can the dealer raise the price or monthly payment when the car arrives? I don't currently have any paperwork which says the negotiated price, other than emails.
We would do either 36 or 39 months with 12k miles.
Thanks so much! This board has always been a lifesaver.
~Melissa
1) 2014 328i xDrive 15K/yr - 60% for 36 months. $2000 holiday cash
2) 2014 428i xDrive 15K/yr - 58% for 36 months
3) 2015 328i xDrive 15K/yr - 60% for 39 months. $1000 holiday cash
4) 2015 428i xDrive 15K/yr - 58% for 39 months
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You should have a signed buyer's order with all pricing details, just like you were going to sign the deal, today.
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2014 528i: .00130 MF and 60% residual for 36mo, 12K/yr. $1500 Holiday Credit.
2015 528i: .00130 MF and 60% residual for 39mo, 12K/yr. $2000 Holiday Credit
2015 428i convertible: .00130 MF and 60% residual for 39mo, 12K/yr. $1000 credit.
Look for 5%-7% off MSRP, then subtract the Holiday Credit.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Am I missing something, doing something wrong or is the math wrong on the quote or are they not using MF of .00130 & RV of 58%...?
Help, please... seems to me there's still room for them to discount...?
2015 435 convertible. 39mo, 15k per year.
MSRP: $64,145
Discount: $3k (including $1k holiday cash).
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Sadly, I didn't have a winning lottery ticket last night, so I'm not in the market for a $60K German convertible. You can use the Make. Model and Year pull down at the top of he pge to help determine a good target price.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
In the offer above & everything we had discussed (verbally & via emails) they said they were using .00130 MF & 58% residual. I did the math & it was off, asked you to double check to make sure I wasn't missing something & you came up with a lower number too. Went back & asked them & suddenly am told they're using .00160 MF & adding in a $700 dealer fee. How do these scumbags continue to get away with this!?!?!
This forum is the best tool! Thank you so much!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Ordered a 2015 435i GS and it'll finally gets to the dealer on Friday.
I'm going to do a 36 Month/ 12K mile lease.
Just want to check...
1) The residual %?
2) Is the MF is still .00130?
3) Is a 36 Month deal is still available? (I saw others mention a 39 month offer). Does the 39 month offer impact the residual?
Thanks!
MF for November is .00130
Best rates this month for 2015's are for 39 months ... 12K residual is 61%, which is 1% better than the 36/12 residual. $1000 holiday cash.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
When I ordered the car in September I was pretty sure (at that time) the residual was 62%. Did it change since the term changed from 36 to 39 months?
Thanks Again!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Seeing same issue in South FL. So far, we've gotten quotes from two dealers & both are marking up the MF. Told both we wouldn't pay anything over BMW's published rate for Novwmber of .00130 and (so far) they've both pushed back saying they wouldn't reduce it.
One originally quoted .00170 & said they'd reduce it to .00150 but that still doesn't work for me.
Is this typical in South FL or is the new 4 series a hot car with such a demand that the local dealers aren't willing to drop e MF nationwide? What are you hearing from others...?
Looks like we'll have to check out Audi...
Regards.
Read through the BMW leasing discussions here at Edmunds to see what others are getting for MF. I see enough base MF deals referenced to lead me to think it's possible. How far are you willing to drive - Tampa? Orlando?
Audi doesn't incent their leases as much --- the residual values are more reflective of reality that are those from BMW.
Good luck - and let us know how things turn out.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
From my reading in this thread, it seems that the standard money factor is 3.12% for November for a 39 month term. Of course, this rate is not being mentioned in the fine print of the ad. There is a $3,000 down payment (which I would add back into the lease) However, the 10K residual is listed at 61% of $52,200 MSRP of their theoretical car and the price before sales taxes is listed at $479/mo.
Using my lease calculator working backwards, the selling price would need to be $49,550 to get to that payment with the $3k down and $725 fee. So they seem to be giving $1,650 plus the $1,000 holiday credit.
Once I can pin this down, I can go back and have a real negotiation. I'm looking to do 15K miles (58% residual?) and no capital cost reduction. I'm also open to the security deposit option, but want to leave that for the end after final price is agreed.
Thanks in advance for your help.
gatorcpa
I might not have the current ad, but this is the one they began the month with..
$51850 MSRP
$1000 Holiday Credit
$1475 Dealer discount
$3000 Customer Cap cost reduction
$46375 net CAP cost
$725 Acquisition fee
.00130 Money factor (stop using APR, or you will drive yourself crazy)
61% Residual for 39mo, 10K/yr
$4204 Due at signing (Cap reduction, 1st payment, acq.fee)
$479/mo. + tax.
Remove the CAP cost reduction and change to 15K/yr (58% residual) and the payment changes to $598/mo.+tax, with $1323 due at signing (1st payment and acq.fee).
I'd want at least another $1000-$1500 off the selling price..
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I have a lot of work to do. The dealer doesn't want to negotiate much. I need to push a lot harder.
Let you know how it all works out.
gatorcpa
Luxury Line with several packages. Total MSRP was about $56K. Net 39 month payment with security deposit buy down is $620 plus tax. Got the correct interest rate, $2,600 off plus $500 USAA discount.
Nothing out of pocket except security, 1st payment, tax and tag.
gatorcpa
Congrats on the new BMW!
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2015 428i 39 months, 12k/yr
MSRP: $46,810
Vehicle value $:41,176.68
Acquisition fee: $925
Capitalized cost reduction: $1757.8
Adjusted Capitalized cost: $40343.88
Residual value: $28086
MF: 0.0013
9% tax
Monthly payment: $450 including tax, $2500 due at signing
Also, dealer took care of my 2 upcoming payments ($763.56 total) on the current lease car.
Thank you!
I come up with about $9/mo. less than that, but if they covered your last two lease payments, it looks like you did very well..
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Now that Nov has passed, does anyone have the numbers for December? I'm trying to get a 2015 428i -- since I think there are hardly any 2014's left around California.
Thanks
2015 428i 39 months 12k
Gross Cap. Cost: $42101.68
- Agreed Upon Value of Vehicle (I guess this means selling $?): $41096.68
- Document Processing Charge: $80
- Acquisition Fee: $925
Cap. Cost Reduction: $1757.8
Adjusted Cap. Cost: $40343.88
Residual Value: $28086
Depreciation and any Amortized Amount: $12257.88
Rent Charge:$3842.88
Base Monthly Payment: $412.84
Tax: $37.16
Total Monthly Payment: $450
Amount Due at Signing
Cap. cost reduction: $1757.8
First monthly payment: $450
Initial Registration Fee: $81
Initial License Fee: $267
Transfer Charge: $29
Sales Tax on Cap. Cost Reduction:$158.2
Cal. Tire Fee: $7
Wear and Tear Pkg: $1695 (Special Deal: $750 credit toward monthly payment)
Total: $4195 with $250 rebate for wear and tear pkg
Dealer took care of my 2 upcoming payments ($763.56 total) on the current lease car.
Original MSRP: $46,810
New MSRP: $49,210 (Long story short, dealer made a mistake, giving me the car with different option I signed for, so they offered me different car with same deal.)
This case did I save a lot? Also, I purchased wear and tear pkg just in case, but is this necessary? Should I buy one next time as well? Thank you!