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Is this a good lease deal?

ccohen6410ccohen6410 Member Posts: 30
edited February 2015 in BMW
I just ordered a new 2015 BMW m4 convertible that was made to order. I wanted to see if this is a good lease deal? It is a 39 month/12,000 mile lease. Base MSRP is $72,500. I got Mineral Grey ($550), Executive Package ($3,500), 19" Black Allow wheels ($1,200), M Double Clutch Transmission ($2,900), Harman Kardon stereo ($875) and destination and handling ($950) for a total MSRP of $82,475. I got a discount of $4535.83 bringing total down to $77,939.17. Then fees & taxes (doc fee $699) taxes ($50.13), taxable fees ($136.45) and Non-tax fees of ($252) for a total net capitalized cost of $79076.75. My total out of pocket costs are $1,900 including first payment of $950. So my monthly payments are $950/mo. Is this a good deal? I can give a sreenshot of the deal paperwork if needed.

Comments

  • kyfdxkyfdx Moderator Posts: 236,646

    I just ordered a new 2015 BMW m4 convertible that was made to order. I wanted to see if this is a good lease deal? It is a 39 month/12,000 mile lease. Base MSRP is $72,500. I got Mineral Grey ($550), Executive Package ($3,500), 19" Black Allow wheels ($1,200), M Double Clutch Transmission ($2,900), Harman Kardon stereo ($875) and destination and handling ($950) for a total MSRP of $82,475. I got a discount of $4535.83 bringing total down to $77,939.17. Then fees & taxes (doc fee $699) taxes ($50.13), taxable fees ($136.45) and Non-tax fees of ($252) for a total net capitalized cost of $79076.75. My total out of pocket costs are $1,900 including first payment of $950. So my monthly payments are $950/mo. Is this a good deal? I can give a sreenshot of the deal paperwork if needed.


    With an MSRP $82475 and CAP cost of $79076, .00130 MF and 60% residual, I get a payment of $925/mo.+tax..

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  • ccohen6410ccohen6410 Member Posts: 30
    I have $1960 that is due at signing which the dealer said was inceptions only (and includes 1st payment). Could it be that some of that is being capitalized and explains the difference or is something missing to get to the $950 i am being shown?
  • kyfdxkyfdx Moderator Posts: 236,646

    I have $1960 that is due at signing which the dealer said was inceptions only (and includes 1st payment). Could it be that some of that is being capitalized and explains the difference or is something missing to get to the $950 i am being shown?


    Possibly.. what state are you in, and what is your tax rate?

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  • ccohen6410ccohen6410 Member Posts: 30
    Am in Florida. The sales tax is 6%
  • kyfdxkyfdx Moderator Posts: 236,646

    Am in Florida. The sales tax is 6%

    Then, $56/mo. of your $950/mo. payment is tax..

    That puts my calculation about $29/mo. over their payment... Probably some CAP reduction in that $1900.


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  • ccohen6410ccohen6410 Member Posts: 30
    Gotcha but all in all a pretty good deal in your opinion? I think it is pretty good
  • kyfdxkyfdx Moderator Posts: 236,646

    Gotcha but all in all a pretty good deal in your opinion? I think it is pretty good

    I'm not really in the market to know if the selling price is good... but if it is good, the the numbers are fair, with no markups...

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  • ClairesClaires Member Posts: 1,222
    edited May 2015
    Please join us in the 2015 BMW M4 Lease Questions forum.

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