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2015 BMW X3 Lease Questions

245

Comments

  • MichaellMichaell ColoradoPosts: 125,124
    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

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • kyfdxkyfdx Posts: 131,262
    @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..

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • 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.
  • 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.
  • kyfdxkyfdx Posts: 131,262
    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..

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • kyfdxkyfdx Posts: 131,262
    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.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • 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.
  • 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!
  • Hello, looking for the Illinois MF and RV for February. Thanks.
  • MichaellMichaell ColoradoPosts: 125,124
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • 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!
  • MichaellMichaell ColoradoPosts: 125,124
    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%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • 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?

  • MichaellMichaell ColoradoPosts: 125,124
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • kyfdxkyfdx Posts: 131,262
    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.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • ucjjgucjjg Posts: 28
    Hello, could you share the residual and MF for an X3 35i at 36months / 15000 miles. Thanks!
  • MichaellMichaell ColoradoPosts: 125,124
    ucjjg said:

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

    .00130 and 55%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Hello,

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

    Thank so much!!
  • MichaellMichaell ColoradoPosts: 125,124
    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%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Thank you very much Michaell
  • unmercenaryunmercenary Posts: 1
    edited February 2015
    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
  • MichaellMichaell ColoradoPosts: 125,124

    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • 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?
  • MichaellMichaell ColoradoPosts: 125,124
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Thank you Michaell

    So, Can I take back $200.00?

    Thanks again
  • MichaellMichaell ColoradoPosts: 125,124
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • 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.
  • MichaellMichaell ColoradoPosts: 125,124
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • 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.
  • MichaellMichaell ColoradoPosts: 125,124
    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

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • borusik83borusik83 Posts: 39
    edited March 2015
    Looking for the March RV and MF in Illinois for the 2015 x3 xdrive28i 36/12.
    Thanks.
  • kyfdxkyfdx Posts: 131,262
    borusik83 said:

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


    .00130 MF and 57% residual

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • brian6743brian6743 Posts: 29
    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?
  • brian6743brian6743 Posts: 29
    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.
  • MichaellMichaell ColoradoPosts: 125,124
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • borismatborismat Posts: 2
    What are the numbers (mf and rv) for xdrive28i x3 for 36/10k lease in ny/nj area? Thanks
  • MichaellMichaell ColoradoPosts: 125,124
    borismat said:

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

    .00129 and 58%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Do you have the base rate for Texas Owner's Choice financing on an sDrive28i? Thanks.
  • MichaellMichaell ColoradoPosts: 125,124

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

    49% for 36 months.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • houstontx8250houstontx8250 Posts: 20
    edited March 2015
    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.
  • MichaellMichaell ColoradoPosts: 125,124

    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. :-)

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • Thank you very much, Michaell.
  • kyfdxkyfdx Posts: 131,262

    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

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • au1994au1994 GAPosts: 1,638
    Hi Guys...do we know the 24/10k numbers for March?

    thanks!

    2019 Subaru Crosstrek Limited Venetian Red over Black
    2017 BMW X1 Jet Black over Mocha

  • kyfdxkyfdx Posts: 131,262
    au1994 said:

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

    thanks!


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

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • au1994au1994 GAPosts: 1,638
    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.

    2019 Subaru Crosstrek Limited Venetian Red over Black
    2017 BMW X1 Jet Black over Mocha

  • mikeb690mikeb690 Posts: 13
    Hi Guys...What are the March numbers for 36/12k/ and 24/12k? Thanks in Advance!
  • MichaellMichaell ColoradoPosts: 125,124
    mikeb690 said:

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

    .00129 and 63% / 57%

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • brian6743brian6743 Posts: 29
    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?
  • MichaellMichaell ColoradoPosts: 125,124
    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.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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