Just agreed to a deal but waiting for the car arrive before its finalized.
2016 435i coupe
MSRP $59,280
Cap cost $54,250
39/12k
About $700 per month including 6% sales tax
Due at signing about $2,500 including first months payment.
I ordered 428 i convertible and locked my money factor and residual for 60 days. Since the residual is lower this month the dealer told me that I will not be able to get incentives if I use the rates locked last month.Is he correct?
I ordered 428 i convertible and locked my money factor and residual for 60 days. Since the residual is lower this month the dealer told me that I will not be able to get incentives if I use the rates locked last month.Is he correct?
Yes... you either take the entire October program, or you take the entire November program. You can't cherry pick the best parts of each program.
Does anyone know 2015 and 2016 435 Convertible MF and RV? Looking at either a 36/12 or 39/12 or 36/15. Also any known discounts on either of those models?
Does anyone know 2015 and 2016 435 Convertible MF and RV? Looking at either a 36/12 or 39/12 or 36/15. Also any known discounts on either of those models?
.00131 MF for both years.
2015 - 56% for 36/15. 39 month numbers not viable. $1500 buildout credit and $1000 Novemberfest adder
2016 - 53% for 39/15. Subtract 1% for 36 months. $1000 option credit and $500 Novemberfest adder
Hi The dealer agreed with me upon the price, money factor and residual for my 428 i convertible ( $50,000 , mf 0.00049 after paying 7 security deposits and 58 % residual ,10 000 miles) It was on October 17. I paid $500 deposit and we ordered the car. Now when I asked for 1000 option credit which was offered in October he says he can give it to me but he says he made a mistake with mf and he changes it to 0.00109 Can he do it after we locked the rates and ordered the car?
Hi The dealer agreed with me upon the price, money factor and residual for my 428 i convertible ( $50,000 , mf 0.00049 after paying 7 security deposits and 58 % residual ,10 000 miles) It was on October 17. I paid $500 deposit and we ordered the car. Now when I asked for 1000 option credit which was offered in October he says he can give it to me but he says he made a mistake with mf and he changes it to 0.00109 Can he do it after we locked the rates and ordered the car?
The MF is not .00049; that is the discount for the MSD. The net MF would be .00082 for November or .00085 for October.
My understanding is that you can use either the entire October program (MF, residual, incentives) or the entire November program. Cannot mix and match.
Thank you, so is this worse then Oct & Nov? Thought they would push to close more deals towards end of the year. Think this is all we will see for December? Am I missing something?
Thank you, so is this worse then Oct & Nov? Thought they would push to close more deals towards end of the year. Think this is all we will see for December? Am I missing something?
We don't track historical trends -- I imagine you can read back a few pages to get the numbers.
Hard to predict if any mid-month changes will happen. And, if they do, we may not know about it.
2016 BMW 435i xdrive gran coupe 36 months/12k miles (Michigan, Detroit suburbs 6% tax rate)
Msrp 65k (includes the mppk and m performance exhaust)
They mentioned about $1500 in incentives, when I asked about 5% discount off msrp, he balked at me and said "we don't just do that for everyone."
I'm a complete newbie at leasing, I plan on doing the max 7 MSD.
What should I look for in the lease terms.. I haven't gotten the numbers yet.
Little nerve wracking
This month, 39 months is a better term ... 55% residual and .00131 for 39/12 - .00082 with max MSD.
$1000 option credit and $500 Happier Holiday Adder.
You don't care if they give the discount to "everyone" - you're the only one leasing the car.
Lots of BMW dealers out there -- only takes one to meet your terms. 5% off sticker is not too much to ask for - heck, I'd start at 7-8% and go up from there.
Said since car not in inventory (found it remote) and not ordering they can't do more than 1k discount on top of incentives.
Total msrp is actually around 68k, after market bmw parts (mppk..) only $500 is residual, out of about 3k.
Said monthly lease little over 1k/month for 39 months.
The un-residualized aftermarket parts are hurting the lease payment ... $2500 over 39 months adds about $65/mo to the lease payment. Add in the lack of discounting and it gets expensive, quick.
I'd still suggest you reach out to a second dealer. The competition between them can only benefit you.
I've been patient and trying to compare lots of similar models- think I found a good deal but first time leasing so hoping u can advise if this looks like a good deal, #'s right, & if I should look for any "catch" in the paperwork. Your help is vey much appreciated! ... $57,930 MSRP -$7430 Dealer Discount/Holiday Credit/Option Credit/Loyalty Credit =$50500 Sales Price -$23,000 Trade in Allowance (subject to physical inspection) +$17971 Payoff to Bank of America on Trade In =$45471.00 Net Cap Cost on Lease
39 Months Lease (this is the optimal term on the lease for this model) 15,000 miles per year .00131 Money Factor $30702.90 Residual (53% of MSRP) $478.46 Per month
I've been patient and trying to compare lots of similar models- think I found a good deal but first time leasing so hoping u can advise if this looks like a good deal, #'s right, & if I should look for any "catch" in the paperwork. Your help is vey much appreciated! ... $57,930 MSRP -$7430 Dealer Discount/Holiday Credit/Option Credit/Loyalty Credit =$50500 Sales Price -$23,000 Trade in Allowance (subject to physical inspection) +$17971 Payoff to Bank of America on Trade In =$45471.00 Net Cap Cost on Lease
39 Months Lease (this is the optimal term on the lease for this model) 15,000 miles per year .00131 Money Factor $30702.90 Residual (53% of MSRP) $478.46 Per month
The calculations are good. $5000 is a lot to put down on a lease.
Do you have an amount due at signing, besides the equity in your car?
thanks!! is the 5k down you mentioned the same as the following? I get gap thru my own insurance so can I get them to remove it from the acquisition fee? Should I offer msd, how does that work? Anything you suggest to reduce further? appreciate u! Total Due at signing: $0 Cash Down Payment $0 Security Deposit $925 Acquisition Fee (Includes Gap Insurance) $699 Doc Fee $2038.68 TAVT Tax $72 Title and Tag Transfer $478.46 First Lease Payment
thanks!! is the 5k down you mentioned the same as the following? I get gap thru my own insurance so can I get them to remove it from the acquisition fee? Should I offer msd, how does that work? Anything you suggest to reduce further? appreciate u! Total Due at signing: $0 Cash Down Payment $0 Security Deposit $925 Acquisition Fee (Includes Gap Insurance) $699 Doc Fee $2038.68 TAVT Tax $72 Title and Tag Transfer $478.46 First Lease Payment
Do you have to come up with all of that in cash? Besides the $5000 equity in your trade?
No, they can't remove GAP insurance, and even if they could, you would still owe the acquisition fee.
Sorry, I'm not sure what you mean- I don't want to put it down if I'm not supposed to. I figured taxes, doc fees, one pmt, and acquisition fee was standard? Do I benefit in asking them to roll it on my lease and just increase pmt from the $478 pmt? Again I'm a newbie to leasing so a bit frustrating. Not sure what I'm supposed to be asking for, They were the only dealer to come any where close to trade offer and low pmt so I thought I was doing ok- starting to rethink- another thing-Should I look at owners choice program instead since I have to pay the high tag upfront ea time? Sorry- feeling lost here and supposed to go get car in the am
Sorry, I'm not sure what you mean- I don't want to put it down if I'm not supposed to. I figured taxes, doc fees, one pmt, and acquisition fee was standard? Do I benefit in asking them to roll it on my lease and just increase pmt from the $478 pmt? Again I'm a newbie to leasing so a bit frustrating. Not sure what I'm supposed to be asking for, They were the only dealer to come any where close to trade offer and low pmt so I thought I was doing ok- starting to rethink- another thing-Should I look at owners choice program instead since I have to pay the high tag upfront ea time? Sorry- feeling lost here and supposed to go get car in the am
All of the items you listed. Are they asking you to pay those upfront, in addition to the $478/mo.?
$57,930 MSRP -$7430 Dealer Discount/Holiday Credit/Option Credit/Loyalty Credit =$50500 Sales Price -$23,000 Trade in Allowance (subject to physical inspection) +$17971 Payoff to Bank of America on Trade In =$45471.00 Net Cap Cost on Lease
39 Months Lease (this is the optimal term on the lease for this model) 15,000 miles per year .00131 Money Factor $30702.90 Residual (53% of MSRP) $478.46 Per month
Total Due at signing: $0 Cash Down Payment $0 Security Deposit $925 Acquisition Fee (Includes Gap Insurance)
$699 Doc Fee $2038.68 TAVT Tax $72 Title and Tag Transfer $478.46 First Lease Payment
$57,930 MSRP -$7430 Dealer Discount/Holiday Credit/Option Credit/Loyalty Credit =$50500 Sales Price -$23,000 Trade in Allowance (subject to physical inspection) +$17971 Payoff to Bank of America on Trade In =$45471.00 Net Cap Cost on Lease
39 Months Lease (this is the optimal term on the lease for this model) 15,000 miles per year .00131 Money Factor $30702.90 Residual (53% of MSRP) $478.46 Per month
Total Due at signing: $0 Cash Down Payment $0 Security Deposit $925 Acquisition Fee (Includes Gap Insurance)
$699 Doc Fee $2038.68 TAVT Tax $72 Title and Tag Transfer $478.46 First Lease Payment
The numbers help.
So, you have $5029 in trade equity and about $4214 in taxes and fees. Therefore, only $815 of the trade equity is (or should be) used as a down payment.
Using the $57,930 as the MSRP and $49,685 as the net cap cost (selling price - remaining equity), I get a payment of $592/mo.
However, if you pay the $4214 of taxes and fees up front and use the entire $5029 equity as down payment, then I get the $478.76/mo payment the dealer is quoting.
We do not recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money.
You may want to use that equity to make multiple security deposits to lower the money factory - 7 MSDs of $600 each would lower your payment to $553/mo. The benefit is that you get that $4200 back at the end of the lease.
So, your choice:
1. Use the equity to cover the required taxes and fees, and have a larger payment, or 2. Use the equity as a down payment, pay the taxes and fees separately, and have a lower payment, or 3. Use the equity for MSD and have a slightly lower payment, but get the money back at lease end
Comments
That's correct.. 39/15 residual for the 2016 435i coupe is 53%.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
2016 435i coupe
MSRP $59,280
Cap cost $54,250 39/12k
About $700 per month including 6% sales tax
Due at signing about $2,500 including first months payment.
What do you think?
I get $669+tax, so the calculations look correct.
About a 6% discount, before subtracting the incentives.
Appears to be a good deal..
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
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 / 2024 Kia Sportage Hybrid SX Prestige
2015 - 56% for 36/15. 39 month numbers not viable. $1500 buildout credit and $1000 Novemberfest adder
2016 - 53% for 39/15. Subtract 1% for 36 months. $1000 option credit and $500 Novemberfest adder
Add 2% for 12K
Edmunds Price Checker
Edmunds Lease Calculator
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 / 2024 Kia Sportage Hybrid SX Prestige
My understanding is that you can use either the entire October program (MF, residual, incentives) or the entire November program. Cannot mix and match.
Edmunds Price Checker
Edmunds Lease Calculator
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 / 2024 Kia Sportage Hybrid SX Prestige
Edmunds Price Checker
Edmunds Lease Calculator
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 / 2024 Kia Sportage Hybrid SX Prestige
Hard to predict if any mid-month changes will happen. And, if they do, we may not know about it.
Edmunds Price Checker
Edmunds Lease Calculator
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 / 2024 Kia Sportage Hybrid SX Prestige
Looking at 2016 435i coupe w/ M Package
$56,600 MSRP
Negotiated Price $50,180
Nothing down at signing, 3 MSD's
The payment you calculate will include acq fee, taxes, etc???
What do you get?
What is the lease term and how many miles per year?
MF is .00131.
Need to know the net cap cost if you are rolling in all the fees and taxes.
What state and tax rate is this?
Edmunds Price Checker
Edmunds Lease Calculator
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 / 2024 Kia Sportage Hybrid SX Prestige
Lease is 12k/36
Rolling in all fees and taxes
Phoenix, AZ - tax rate is roughly 9%
Edmunds Price Checker
Edmunds Lease Calculator
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 / 2024 Kia Sportage Hybrid SX Prestige
Help me out here... I thought the net cap cost was the price you par for the car...
or is net cap cost the price for the car plus acq fee, disposition fee, etc...
what am I missing? I guess I havent seen my net cap cost. Again, I thought it was the negotiated price of the car. Fill me in...
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Just wanted to see if the numbers look good on this deal?
'16 428Xi GC
39mo/10k
MSRP: 48,395
Sell price: 40,245 (incl coll grad)
Rv: 56%
MF: .00082 with 7 MSD
6,489 oop which includes
1st mo.,taxes 7% NJ, tags, fees + 7 MSD's
Monthly: $389
Does that sound about right?
Good deal overall ?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Addtnl fees are taxes, tags, std fees. That all seems in line for my area.
Could you pls post the MF/Residual/Incentives for a 435 xDrive Coupe AND Grand Coupe for 10k/yr?
Thanks!
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Either model.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
BMW 2015 435i
MSRP - $61,325
Price - $52,530
36 months/12K miles
Monthly Payment (inc. taxes) - $691.00
Total due at signing - $1,162
Is this a good deal? When I run the numbers I get a lower monthly payment. I'm in SoCal.
What is the current MF and RV for:
36/10
36/12
36/15
Thanks.
With your prices, I get $652/mo + tax. What state and tax rate is this?
Edmunds Price Checker
Edmunds Lease Calculator
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 / 2024 Kia Sportage Hybrid SX Prestige
36 months/12k miles (Michigan, Detroit suburbs 6% tax rate)
Msrp 65k (includes the mppk and m performance exhaust)
They mentioned about $1500 in incentives, when I asked about 5% discount off msrp, he balked at me and said "we don't just do that for everyone."
I'm a complete newbie at leasing, I plan on doing the max 7 MSD.
What should I look for in the lease terms.. I haven't gotten the numbers yet.
Little nerve wracking
$1000 option credit and $500 Happier Holiday Adder.
You don't care if they give the discount to "everyone" - you're the only one leasing the car.
Lots of BMW dealers out there -- only takes one to meet your terms. 5% off sticker is not too much to ask for - heck, I'd start at 7-8% and go up from there.
Edmunds Price Checker
Edmunds Lease Calculator
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 / 2024 Kia Sportage Hybrid SX Prestige
Total msrp is actually around 68k, after market bmw parts (mppk..) only $500 is residual, out of about 3k.
Said monthly lease little over 1k/month for 39 months.
I'd still suggest you reach out to a second dealer. The competition between them can only benefit you.
Edmunds Price Checker
Edmunds Lease Calculator
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 / 2024 Kia Sportage Hybrid SX Prestige
I have a deal here want to see if anyone think its good before I pull the trigger.
2016 435i convertible
MSRP: $69,045
Selling price: $62,175
Lease Term 39 Months
Mileage 10,000/year
Money Factor 0.00131
Residual Factor 56%
Total Cap cost: $62,175
Residual Value: $38,665.20
Monthly Payment: $669.78
Tax: 9% = $60.28
Monthly + Tax: $730.06
Cap reduction: $24,16.97
Cap Reduction Tax (9%) $307.98
License & Registration: $540.00
Bank Fee: $925.00
Documentation Fee: $80.00
First Payment: $730.06
Security Deposit: $0.00
Drive Off due at signing: $5,000.00
I'm not sure why the fees are so much. what do you guys think ?
Using your MSRP and Total cap cost, I get $735/mo + tax, or $801/mo.
Which leads me to believe that some of that $5000 due at signing is a cap reduction. Find out how much.
Nothing wrong with any of the fees you've listed.
Edmunds Price Checker
Edmunds Lease Calculator
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 / 2024 Kia Sportage Hybrid SX Prestige
$57,930 MSRP
-$7430 Dealer Discount/Holiday Credit/Option Credit/Loyalty Credit
=$50500 Sales Price
-$23,000 Trade in Allowance (subject to physical inspection)
+$17971 Payoff to Bank of America on Trade In
=$45471.00 Net Cap Cost on Lease
39 Months Lease (this is the optimal term on the lease for this model)
15,000 miles per year
.00131 Money Factor
$30702.90 Residual (53% of MSRP)
$478.46 Per month
Thanks so much
Do you have an amount due at signing, besides the equity in your car?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
I get gap thru my own insurance so can I get them to remove it from the acquisition fee?
Should I offer msd, how does that work? Anything you suggest to reduce further?
appreciate u!
Total Due at signing:
$0 Cash Down Payment
$0 Security Deposit
$925 Acquisition Fee (Includes Gap Insurance)
$699 Doc Fee
$2038.68 TAVT Tax
$72 Title and Tag Transfer
$478.46 First Lease Payment
No, they can't remove GAP insurance, and even if they could, you would still owe the acquisition fee.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
another thing-Should I look at owners choice program instead since I have to pay the high tag upfront ea time? Sorry- feeling lost here and supposed to go get car in the am
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
heres what he sent:
Here is the best and final deal year-end offer on this one (only valid until 8PM on Thursday 12/31):
$57,930 MSRP
-$7430 Dealer Discount/Holiday Credit/Option Credit/Loyalty Credit
=$50500 Sales Price
-$23,000 Trade in Allowance (subject to physical inspection)
+$17971 Payoff to Bank of America on Trade In
=$45471.00 Net Cap Cost on Lease
39 Months Lease (this is the optimal term on the lease for this model)
15,000 miles per year
.00131 Money Factor
$30702.90 Residual (53% of MSRP)
$478.46 Per month
Total Due at signing:
$0 Cash Down Payment
$0 Security Deposit
$925 Acquisition Fee (Includes Gap Insurance)
$699 Doc Fee
$2038.68 TAVT Tax
$72 Title and Tag Transfer
$478.46 First Lease Payment
So, you have $5029 in trade equity and about $4214 in taxes and fees. Therefore, only $815 of the trade equity is (or should be) used as a down payment.
Using the $57,930 as the MSRP and $49,685 as the net cap cost (selling price - remaining equity), I get a payment of $592/mo.
However, if you pay the $4214 of taxes and fees up front and use the entire $5029 equity as down payment, then I get the $478.76/mo payment the dealer is quoting.
We do not recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money.
You may want to use that equity to make multiple security deposits to lower the money factory - 7 MSDs of $600 each would lower your payment to $553/mo. The benefit is that you get that $4200 back at the end of the lease.
So, your choice:
1. Use the equity to cover the required taxes and fees, and have a larger payment, or
2. Use the equity as a down payment, pay the taxes and fees separately, and have a lower payment, or
3. Use the equity for MSD and have a slightly lower payment, but get the money back at lease end
Edmunds Price Checker
Edmunds Lease Calculator
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 / 2024 Kia Sportage Hybrid SX Prestige