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BMW 428i Convertible Lease - Help

rounds25rounds25 Posts: 15
edited July 2015 in BMW
I am about to lease a BMW 428i Convertible and need some help with the lease terms that the dealer is throwing out.

MSRP 58525
Negotiated Price 55894
Cap Costs include:
negotiated price
acq fee(975/bmw site says 795)
Dealer fees (125)
Total Taxes (2925) - Never had taxes rolled in the cap costs before
Pay Off for my current car (753.56)
Total = 60,746.14

MF = 0.00170; I am not happy about this since I have excellent credit. Dealer says that they mark up all of their leases. Doing me a favor because he could mark it up by .125.

Residual = 59% on 15k

With Current negotiations we are at $875/month. This does include all taxes and fees as you see above. This is the last convertible they have, but they have told me that this is the final deal with no movement on the MF. Should I run? Does this seem fair? Doesn't it cost more to roll the taxes on the front end since I will be paying interest on that. I have not told them, but I will be putting down $2K on the car.


Comments

  • kyfdxkyfdx Everywhere, USAPosts: 127,973
    rounds25 said:

    I am about to lease a BMW 428i Convertible and need some help with the lease terms that the dealer is throwing out.

    MSRP 58525
    Negotiated Price 55894
    Cap Costs include:
    negotiated price
    acq fee(975/bmw site says 795)
    Dealer fees (125)
    Total Taxes (2925) - Never had taxes rolled in the cap costs before
    Pay Off for my current car (753.56)
    Total = 60,746.14

    MF = 0.00170; I am not happy about this since I have excellent credit. Dealer says that they mark up all of their leases. Doing me a favor because he could mark it up by .125.

    Residual = 59% on 15k

    With Current negotiations we are at $875/month. This does include all taxes and fees as you see above. This is the last convertible they have, but they have told me that this is the final deal with no movement on the MF. Should I run? Does this seem fair? Doesn't it cost more to roll the taxes on the front end since I will be paying interest on that. I have not told them, but I will be putting down $2K on the car.


    Can't comment on the taxes, because we don't know what state you live in.

    As far as the money factor. .00170 is the maximum markup. BMWFS doesn't permit dealers to markup the MF more than .00040. Just because they markup all of their leases doesn't mean you have to accept it.

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

    Edmunds Moderator

  • zoombie99zoombie99 North JerseyPosts: 310
    Find another dealer that doesn't mark up the money factor. This dealer is not doing you any favors.
    BMW 2019 540x Bluestone
    BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
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