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2014 Certified Elite 328d lease question

posidon42posidon42 Member Posts: 3
edited January 2015 in BMW
Looking to get some information on what sort of money factor and residual is in place for this model. I know there are some incentives, but I think I found a decent deal and wondered what I might get. It is a certified elite 328d which was a service loaner. The math from what I've found seems to indicate that I should just buy it; especially since the 0.9% apr is available through BMW.

328d x-drive; premium and cold weather packages with navigation. Asking price is $34,992. The dealer is quoting me a 61% residual w/ 12k miles and a 0.0017 MF. Seems a bit off to me from what I've seen on here.
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  • kyfdxkyfdx Moderator Posts: 236,760
    posidon42 said:

    Looking to get some information on what sort of money factor and residual is in place for this model. I know there are some incentives, but I think I found a decent deal and wondered what I might get. It is a certified elite 328d which was a service loaner. The math from what I've found seems to indicate that I should just buy it; especially since the 0.9% apr is available through BMW.

    328d x-drive; premium and cold weather packages with navigation. Asking price is $34,992. The dealer is quoting me a 61% residual w/ 12k miles and a 0.0017 MF. Seems a bit off to me from what I've seen on here.


    .00130 MF and 62% residual, assuming it qualifies for the new car program.

    They are marking up the money factor the maximum.

    Residuals have to be adjusted for mileage, though... Subtract $0.20/mi.

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  • posidon42posidon42 Member Posts: 3
    Great. So what should the residual be compared to? Is it 62% of their asking price minus the mileage?
  • kyfdxkyfdx Moderator Posts: 236,760
    posidon42 said:

    Great. So what should the residual be compared to? Is it 62% of their asking price minus the mileage?

    62% of MSRP minus the mileage charge.

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  • posidon42posidon42 Member Posts: 3
    I thought the residual was based off the cap cost, not the MSRP. If this is the case, how should I calculate a fair lease for a certified 2014?
  • kyfdxkyfdx Moderator Posts: 236,760
    posidon42 said:

    I thought the residual was based off the cap cost, not the MSRP. If this is the case, how should I calculate a fair lease for a certified 2014?

    No. .. residual is always based off of MSRP.

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