2015 BMW X3 Lease Questions

Michaell

stekicar said:

Michaell said:

stekicar said:

Michaell,

How do you come up with these numbers? Can you give us an example? My numbers come as 699.99 with 6% tax. I like your numbers more ;-) !

Thank you!

Lots of lease calculators on the web .. my co-host and I have built our own spreadsheets that we use.

I also made my own excell calculations based on information from the web. I know I have to tweak a little bit my calculation so it performs more accuratelly. As I said before, my calculation show $699.99 lease payment, although dealer asked for $715.50 but she agreed to come down to $699.99. Now, your calculations show $675.22 (637.00+6% tax). I just need to verify that your calculations are valid enough before I talk to dealer again. ;-) Also, other dealer had MF set to 0.0017 (4.08%) instead of 0.0013 (3.12%) and now I will have to talk to him about this.

Thank you!

Cut from my spreadsheet:

MSRP $43,850.00 sticker price of vehicle
Net Cap Cost $41,880.00 net capitalized cost of vehicle (add taxes + fees, subtract cap cost reduction)
Residual 50% percentage of the MSRP that the vehicle is worth at the end of the lease
Money Factor 0.0013 used to calculate interest paid ("rent charge") during the lease term
Interest Rate 3.12% money factor x 2400
Lease Term 36 length of lease, in months
Residual Amt $21,925.00 MSRP x residual %
Depreciation $19,955.00 total depreciation (cap cost - residual value)
Dep Payment $554.31 amount of payment for depreciation (cap cost - residual value) / term
Rent Charge $82.95 amount of payment for rent charge (cap cost + residual value) * money factor
Pre-Tax Pmt $637.25 sum of depreciation and rent charge
Sales Tax 6.00% local sales tax rate
Tax Amt $38.24 monthly payment * tax rate
Total Payment $675.49 monthly payment + tax amt

kyfdx

@stekicar‌

Leave out sales tax, when calculating your lease.... then, see what you come up with.. I'm guessing some sort of input error in your calculation..

But, do yourself a favor and wait until next month... The deals can only get better..

stekicar

Michaell said:

stekicar said:

Michaell said:

stekicar said:

Michaell,

How do you come up with these numbers? Can you give us an example? My numbers come as 699.99 with 6% tax. I like your numbers more ;-) !

Thank you!

Lots of lease calculators on the web .. my co-host and I have built our own spreadsheets that we use.

I also made my own excell calculations based on information from the web. I know I have to tweak a little bit my calculation so it performs more accuratelly. As I said before, my calculation show $699.99 lease payment, although dealer asked for $715.50 but she agreed to come down to $699.99. Now, your calculations show $675.22 (637.00+6% tax). I just need to verify that your calculations are valid enough before I talk to dealer again. ;-) Also, other dealer had MF set to 0.0017 (4.08%) instead of 0.0013 (3.12%) and now I will have to talk to him about this.

Thank you!

Cut from my spreadsheet:

MSRP $43,850.00 sticker price of vehicle
Net Cap Cost $41,880.00 net capitalized cost of vehicle (add taxes + fees, subtract cap cost reduction)
Residual 50% percentage of the MSRP that the vehicle is worth at the end of the lease
Money Factor 0.0013 used to calculate interest paid ("rent charge") during the lease term
Interest Rate 3.12% money factor x 2400
Lease Term 36 length of lease, in months
Residual Amt $21,925.00 MSRP x residual %
Depreciation $19,955.00 total depreciation (cap cost - residual value)
Dep Payment $554.31 amount of payment for depreciation (cap cost - residual value) / term
Rent Charge $82.95 amount of payment for rent charge (cap cost + residual value) * money factor
Pre-Tax Pmt $637.25 sum of depreciation and rent charge
Sales Tax 6.00% local sales tax rate
Tax Amt $38.24 monthly payment * tax rate
Total Payment $675.49 monthly payment + tax amt

The difference was in aquisition fee. I included it in adjusted cap cost, so I was using this adjusted cap cost for calculations. Do I have to include aquisition fee in net capitalized cost of the vehicle?

Thank you for your help.

stekicar

kyfdx said:

@stekicar‌

Leave out sales tax, when calculating your lease.... then, see what you come up with.. I'm guessing some sort of input error in your calculation..

But, do yourself a favor and wait until next month... The deals can only get better..

I am not in a rush. I plan to get it by the end of April or May. By that time I will have my second car paid off. I started looking around and I am trying to learn everything I should know before I make an educated decision.

kyfdx

stekicar said:

Michaell said:

stekicar said:

Michaell said:

stekicar said:

Michaell,

How do you come up with these numbers? Can you give us an example? My numbers come as 699.99 with 6% tax. I like your numbers more ;-) !

Thank you!

Lots of lease calculators on the web .. my co-host and I have built our own spreadsheets that we use.

I also made my own excell calculations based on information from the web. I know I have to tweak a little bit my calculation so it performs more accuratelly. As I said before, my calculation show $699.99 lease payment, although dealer asked for $715.50 but she agreed to come down to $699.99. Now, your calculations show $675.22 (637.00+6% tax). I just need to verify that your calculations are valid enough before I talk to dealer again. ;-) Also, other dealer had MF set to 0.0017 (4.08%) instead of 0.0013 (3.12%) and now I will have to talk to him about this.

Thank you!

Cut from my spreadsheet:

MSRP $43,850.00 sticker price of vehicle
Net Cap Cost $41,880.00 net capitalized cost of vehicle (add taxes + fees, subtract cap cost reduction)
Residual 50% percentage of the MSRP that the vehicle is worth at the end of the lease
Money Factor 0.0013 used to calculate interest paid ("rent charge") during the lease term
Interest Rate 3.12% money factor x 2400
Lease Term 36 length of lease, in months
Residual Amt $21,925.00 MSRP x residual %
Depreciation $19,955.00 total depreciation (cap cost - residual value)
Dep Payment $554.31 amount of payment for depreciation (cap cost - residual value) / term
Rent Charge $82.95 amount of payment for rent charge (cap cost + residual value) * money factor
Pre-Tax Pmt $637.25 sum of depreciation and rent charge
Sales Tax 6.00% local sales tax rate
Tax Amt $38.24 monthly payment * tax rate
Total Payment $675.49 monthly payment + tax amt

The difference was in aquisition fee. I included it in adjusted cap cost, so I was using this adjusted cap cost for calculations. Do I have to include aquisition fee in net capitalized cost of the vehicle?

Thank you for your help.

It has to be added there, or paid upfront.... I like to roll it in..

kyfdx

stekicar said:

kyfdx said:

@stekicar‌

Leave out sales tax, when calculating your lease.... then, see what you come up with.. I'm guessing some sort of input error in your calculation..

But, do yourself a favor and wait until next month... The deals can only get better..

I am not in a rush. I plan to get it by the end of April or May. By that time I will have my second car paid off. I started looking around and I am trying to learn everything I should know before I make an educated decision.

Be careful you don't get too far along... I think the 2016 model comes out early this year... But, deals will definitely get better on the 2015 than they are this month.

stekicar

kyfdx said:

stekicar said:

kyfdx said:

@stekicar‌

Leave out sales tax, when calculating your lease.... then, see what you come up with.. I'm guessing some sort of input error in your calculation..

But, do yourself a favor and wait until next month... The deals can only get better..

I am not in a rush. I plan to get it by the end of April or May. By that time I will have my second car paid off. I started looking around and I am trying to learn everything I should know before I make an educated decision.

Be careful you don't get too far along... I think the 2016 model comes out early this year... But, deals will definitely get better on the 2015 than they are this month.

Thank you for the tip. I thought new model is not due in two more years.

stekicar

kyfdx said:

stekicar said:

Michaell said:

stekicar said:

Michaell said:

stekicar said:

Michaell,

How do you come up with these numbers? Can you give us an example? My numbers come as 699.99 with 6% tax. I like your numbers more ;-) !

Thank you!

Lots of lease calculators on the web .. my co-host and I have built our own spreadsheets that we use.

I also made my own excell calculations based on information from the web. I know I have to tweak a little bit my calculation so it performs more accuratelly. As I said before, my calculation show $699.99 lease payment, although dealer asked for $715.50 but she agreed to come down to $699.99. Now, your calculations show $675.22 (637.00+6% tax). I just need to verify that your calculations are valid enough before I talk to dealer again. ;-) Also, other dealer had MF set to 0.0017 (4.08%) instead of 0.0013 (3.12%) and now I will have to talk to him about this.

Thank you!

Cut from my spreadsheet:

MSRP $43,850.00 sticker price of vehicle
Net Cap Cost $41,880.00 net capitalized cost of vehicle (add taxes + fees, subtract cap cost reduction)
Residual 50% percentage of the MSRP that the vehicle is worth at the end of the lease
Money Factor 0.0013 used to calculate interest paid ("rent charge") during the lease term
Interest Rate 3.12% money factor x 2400
Lease Term 36 length of lease, in months
Residual Amt $21,925.00 MSRP x residual %
Depreciation $19,955.00 total depreciation (cap cost - residual value)
Dep Payment $554.31 amount of payment for depreciation (cap cost - residual value) / term
Rent Charge $82.95 amount of payment for rent charge (cap cost + residual value) * money factor
Pre-Tax Pmt $637.25 sum of depreciation and rent charge
Sales Tax 6.00% local sales tax rate
Tax Amt $38.24 monthly payment * tax rate
Total Payment $675.49 monthly payment + tax amt

The difference was in aquisition fee. I included it in adjusted cap cost, so I was using this adjusted cap cost for calculations. Do I have to include aquisition fee in net capitalized cost of the vehicle?

Thank you for your help.

It has to be added there, or paid upfront.... I like to roll it in..

Ok. Then my mistake was to include aquisition fees twice. Thank you!

borusik83

Hello, looking for the Illinois MF and RV for February. Thanks.

Michaell

borusik83 said:

Hello, looking for the Illinois MF and RV for February. Thanks.

.00130 and 58% fore 36/10. Those are the only numbers we currently have.

lander1

Looking to lease a 2015 X3 xDrive28i with premium and cold weather pkg. MSRP: $45.600. In Illinois. Can you pls tell me the Feb residual values and money factors. Looking at a 36mo 12k/yr. Thanks!

Michaell

lander1 said:

Looking to lease a 2015 X3 xDrive28i with premium and cold weather pkg. MSRP: $45.600. In Illinois. Can you pls tell me the Feb residual values and money factors. Looking at a 36mo 12k/yr. Thanks!

.00130 and 57%

borusik83

Michaell said:

borusik83 said:

Hello, looking for the Illinois MF and RV for February. Thanks.

.00130 and 58% fore 36/10. Those are the only numbers we currently have.

11.
So .00130 and 56% for 36/12 in IL? RV up 6% from January?

Michaell

borusik83 said:

Michaell said:

borusik83 said:

Hello, looking for the Illinois MF and RV for February. Thanks.

.00130 and 58% fore 36/10. Those are the only numbers we currently have.

11.
So .00130 and 56% for 36/12 in IL? RV up 6% from January?

Yes. Nice bump on the SAV's from BMW this month.

kyfdx

borusik83 said:

Michaell said:

borusik83 said:

Hello, looking for the Illinois MF and RV for February. Thanks.

.00130 and 58% fore 36/10. Those are the only numbers we currently have.

11.
So .00130 and 56% for 36/12 in IL? RV up 6% from January?

It's .00130 MF and 57% for 36mo, 12K/yr in February... I think that's up 5% from January.

ucjjg

Hello, could you share the residual and MF for an X3 35i at 36months / 15000 miles. Thanks!

Michaell

ucjjg said:

Hello, could you share the residual and MF for an X3 35i at 36months / 15000 miles. Thanks!

.00130 and 55%

jk1004

Hello,

Could you share the residual and MF for an X3 28i at 36months / 10000 miles in WA.

Thank so much!!

Michaell

jk1004 said:

Hello,

Could you share the residual and MF for an X3 28i at 36months / 10000 miles in WA.

Thank so much!!

.00130 and 58%

jk1004

Thank you very much Michaell

unmercenary

I'm looking for the Massachusetts MF and RV for a 2015 X3 xDrive28d, $0 down, 36 months, 15k miles.

Happy to post what I come up with on a deal. Here's the planned vehicle:

2.0-liter, TwinPower Turbo Diesel, 4-cylinder engine
xDrive, intelligent all-wheel drive

BASE MSRP $- 42,000
Deep Sea Blue Metallic - $550
Black Nevada Leather - $0
Burl Walnut Wood Trim with Pearl Gloss Chrome highlight - $0
Cold Weather Package - $950
Driver Assistance Package - $950
Driver Assistance Plus - $1,900
Lighting Package - $900
Premium Package - $3,200
Technology Package - $3,150
Destination & Handling: - $950
Up to 4 Years/50,000 Miles Warranty
Up to 4 Years/50,000 Miles
Maintenance Program
Up to 4 Years/Unlimited Mileage
Roadside Assistance

Total MSRP as Built $54,550

Michaell

unmercenary said:

I'm looking for the Massachusetts MF and RV for a 2015 X3 xDrive28d, $0 down, 36 months, 15k miles.

Happy to post what I come up with on a deal. Here's the planned vehicle:

2.0-liter, TwinPower Turbo Diesel, 4-cylinder engine
xDrive, intelligent all-wheel drive

BASE MSRP $- 42,000
Deep Sea Blue Metallic - $550
Black Nevada Leather - $0
Burl Walnut Wood Trim with Pearl Gloss Chrome highlight - $0
Cold Weather Package - $950
Driver Assistance Package - $950
Driver Assistance Plus - $1,900
Lighting Package - $900
Premium Package - $3,200
Technology Package - $3,150
Destination & Handling: - $950
Up to 4 Years/50,000 Miles Warranty
Up to 4 Years/50,000 Miles
Maintenance Program
Up to 4 Years/Unlimited Mileage
Roadside Assistance

Total MSRP as Built $54,550

.00130 and 55% for 36/15.

jk1004

Hi
I leased x3 3days ago. I have question about ACQ fee the dealer charge me $997.00
I saw BMW website the ACQ fee $775.00 I think the dealer charge me over $200.00
Is it correct?

Michaell

jk1004 said:

Hi
I leased x3 3days ago. I have question about ACQ fee the dealer charge me $997.00
I saw BMW website the ACQ fee $775.00 I think the dealer charge me over $200.00
Is it correct?

I believe the acquisition fee as of this year is $795 - the dealer is allowed to mark it up $200 for extra profit.

jk1004

Thank you Michaell

So, Can I take back $200.00?

Thanks again

Michaell

jk1004 said:

Thank you Michaell

So, Can I take back $200.00?

Thanks again

If you have signed the paperwork and taken delivery of the car, I doubt that you will be able to renegotiate to get the $200 back. It's only a few dollars a month over the life of the lease.

borismat

Are the March numbers (residual and mf) for 2015 x3 xdrive28i out? I am specifically interested in a 36mo/10k lease? Leasing in ny/nj area. Thanks.

Michaell

borismat said:

Are the March numbers (residual and mf) for 2015 x3 xdrive28i out? I am specifically interested in a 36mo/10k lease? Leasing in ny/nj area. Thanks.

We wouldn't expect to see the March numbers until early next week. Current numbers are valid through Monday, 3/2/15.

brian6743

Hi,
I'm leasing my first vehicle ever (I think) and need help:
2015 X28i Awd
X3 35i
White
Beige Interior
Premium Package
Cold Weather Package
Drivers Assistance Package
Technology Package
Harmon
Xenon lights
rear manual shade
surround view camera
12K miles a year (36 months)

Price $50,000 plus TTL (Illinois)

What's the latest residual and MF?

I've been told put down the least amount possible and try to get the residual value as high as possible. If that is correct, how do I know what the latest residual is?

Thanks in Advance. Really appreciate the advice and help.

Michaell

brian6743 said:

Hi,
I'm leasing my first vehicle ever (I think) and need help:
2015 X28i Awd
X3 35i
White
Beige Interior
Premium Package
Cold Weather Package
Drivers Assistance Package
Technology Package
Harmon
Xenon lights
rear manual shade
surround view camera
12K miles a year (36 months)

Price $50,000 plus TTL (Illinois)

What's the latest residual and MF?

I've been told put down the least amount possible and try to get the residual value as high as possible. If that is correct, how do I know what the latest residual is?

Thanks in Advance. Really appreciate the advice and help.

36/12 numbers for the X3 this month are .00130 and 57%. Residual cannot be modified by the dealer, but they are allowed to inflate the MF for extra profit.

Lease inception costs should be first payment, acquisition fee, tags/license

borusik83

Looking for the March RV and MF in Illinois for the 2015 x3 xdrive28i 36/12.
Thanks.

kyfdx

borusik83 said:

Looking for the March RV and MF in Illinois for the 2015 x3 xdrive28i 36/12.
Thanks.

.00130 MF and 57% residual

brian6743

Okay, so I got a selling price of $49,475 plus ttl.
I understand the goal is to put as little money down as possible on a lease for many reasons.
Aside from the MF that the dealer may try to inflate, what other numbers do they try to juice to increase their profit in a lease?
Acquisition fee: I know it's $775 in a lease and they can try to juice it to $995
Anything else to watch out for?

brian6743

Last question: If I'm going to roll over the sales tax into the lease, where do I add that figure (which in my case is $3600) to in terms of the lease spreadsheet and calculating the bottom line payment? Thanks in Advance.

Michaell

brian6743 said:

Okay, so I got a selling price of $49,475 plus ttl.
I understand the goal is to put as little money down as possible on a lease for many reasons.
Aside from the MF that the dealer may try to inflate, what other numbers do they try to juice to increase their profit in a lease?
Acquisition fee: I know it's $775 in a lease and they can try to juice it to $995
Anything else to watch out for?

Dealer fees; not sure that they are capped in Illinois. This can be several hundred dollars ($499 for the Subaru I bought last weekend here in Colorado).

brian6743 said:

Last question: If I'm going to roll over the sales tax into the lease, where do I add that figure (which in my case is $3600) to in terms of the lease spreadsheet and calculating the bottom line payment? Thanks in Advance.

Only the depreciation is subject to sales tax now. Prior to 1/1/15, it was the entire selling price in Illinois. You can choose to pay the sales tax up front or add it to the cap cost and pay it over the length of the lease.

borismat

What are the numbers (mf and rv) for xdrive28i x3 for 36/10k lease in ny/nj area? Thanks

Michaell

borismat said:

What are the numbers (mf and rv) for xdrive28i x3 for 36/10k lease in ny/nj area? Thanks

.00129 and 58%

houstontx8250

Do you have the base rate for Texas Owner's Choice financing on an sDrive28i? Thanks.

Michaell

houstontx8250 said:

Do you have the base rate for Texas Owner's Choice financing on an sDrive28i? Thanks.

49% for 36 months.

houstontx8250

Michaell - I'm confused on your response. I was looking for the BMWFS interest rate for a Texas Owners Choice financing, which is the equivalent of a lease but structured as a purchase due to Texas sales tax being charged in full on a lease. I understand the residual is the same as the lease rate (i.e. 58% for 36 mo/10000 miles), but I am trying to confirm what the base BMWFS interest rate should be. What is the 49% you are referencing? Thanks.

Michaell

houstontx8250 said:

Michaell - I'm confused on your response. I was looking for the BMWFS interest rate for a Texas Owners Choice financing, which is the equivalent of a lease but structured as a purchase due to Texas sales tax being charged in full on a lease. I understand the residual is the same as the lease rate (i.e. 58% for 36 mo/10000 miles), but I am trying to confirm what the base BMWFS interest rate should be. What is the 49% you are referencing? Thanks.

Sorry, I provided the balloon residual rates, which I assume works the same way for Owners Choice as it does for a lease.

Oops, was looking in the wrong place. 3.0% this month for Owners Choice.

As you can tell, it's not something I'm asked that often. :-)

houstontx8250

Thank you very much, Michaell.

kyfdx

houstontx8250 said:

Michaell - I'm confused on your response. I was looking for the BMWFS interest rate for a Texas Owners Choice financing, which is the equivalent of a lease but structured as a purchase due to Texas sales tax being charged in full on a lease. I understand the residual is the same as the lease rate (i.e. 58% for 36 mo/10000 miles), but I am trying to confirm what the base BMWFS interest rate should be. What is the 49% you are referencing? Thanks.

We don't have the Owner's Choice information

au1994

Hi Guys...do we know the 24/10k numbers for March?

thanks!

kyfdx

au1994 said:

Hi Guys...do we know the 24/10k numbers for March?

thanks!

.00129 MF and 64% residual. 36/10 residual is 58%

au1994

kyfdx said:

au1994 said:

Hi Guys...do we know the 24/10k numbers for March?

thanks!

.00129 MF and 64% residual. 36/10 residual is 58%

Thanks. Maybe, possibly starting to do the dance on one this weekend.

mikeb690

Hi Guys...What are the March numbers for 36/12k/ and 24/12k? Thanks in Advance!

Michaell

mikeb690 said:

Hi Guys...What are the March numbers for 36/12k/ and 24/12k? Thanks in Advance!

.00129 and 63% / 57%

brian6743

Hi again, I was in my dealer today putting down a deposit outside Chicago. The selling price is as I indicated before $49475 and MSRP of $52475. On a 36/12 lease they are getting me a payment of $725.92 a month. I think it should be about $680. How do I know where they are juicing the numbers on me at? The MF?

Michaell

brian6743 said:

Hi again, I was in my dealer today putting down a deposit outside Chicago. The selling price is as I indicated before $49475 and MSRP of $52475. On a 36/12 lease they are getting me a payment of $725.92 a month. I think it should be about $680. How do I know where they are juicing the numbers on me at? The MF?

MF is one area. Make sure that they are not slipping in any fees to boost the selling price to the net cap cost.