2016 BMW X6 Lease Questions

Michaell

denverbronkos said:

Quick question guys, hypothetical situation, so I'm presented with this:
2016 X6M

Neg. Price: 105019
Down payment: 30000
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard)
N: 36
Monthly: 604.15


OK, so, for the DOWN PAYMENT, I'm going to do the money factor lease. If I have already have a set number in mind that I want to deposit, which far exceeds what the monthly payment will be (like around 25k-30k), can I split that up in 7 MSD payments? Is there a monetary cap of how much I can place down? Can I just place down that much and they can treat that as a MSD? Or do they just mean that up to the first 7 payments there's cap of how many rate reductions you can receive, and any deposit after that they can treat as a MSD but won't offer any benefits like MF reduction?

Is there a limit to the size of money limit on each MSD? If not, then is this plausible?

If you are talking about MSDs, the size of each MSD is the monthly payment rounded up to the next highest $50, and there is a limit of 7 allowed.

If your payment is $760, for example, each MSD would be $800 ($5600 total).

We do not recommend making a down payment on a lease .. if the car is stolen or totaled, you would lose that money.

denverbronkos

Michaell said:

denverbronkos said:

Quick question guys, hypothetical situation, so I'm presented with this:
2016 X6M

Neg. Price: 105019
Down payment: 30000
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard)
N: 36
Monthly: 604.15


OK, so, for the DOWN PAYMENT, I'm going to do the money factor lease. If I have already have a set number in mind that I want to deposit, which far exceeds what the monthly payment will be (like around 25k-30k), can I split that up in 7 MSD payments? Is there a monetary cap of how much I can place down? Can I just place down that much and they can treat that as a MSD? Or do they just mean that up to the first 7 payments there's cap of how many rate reductions you can receive, and any deposit after that they can treat as a MSD but won't offer any benefits like MF reduction?

Is there a limit to the size of money limit on each MSD? If not, then is this plausible?

If you are talking about MSDs, the size of each MSD is the monthly payment rounded up to the next highest $50, and there is a limit of 7 allowed.

If your payment is $760, for example, each MSD would be $800 ($5600 total).

We do not recommend making a down payment on a lease .. if the car is stolen or totaled, you would lose that money.

Thank you for your response. I understand, but if I wanted to put down a substantial more down payment, can they all go all towards MSDs? Is there a monetary cap on the size of MSD?

Michaell

denverbronkos said:

Michaell said:

denverbronkos said:

Quick question guys, hypothetical situation, so I'm presented with this:
2016 X6M

Neg. Price: 105019
Down payment: 30000
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard)
N: 36
Monthly: 604.15


OK, so, for the DOWN PAYMENT, I'm going to do the money factor lease. If I have already have a set number in mind that I want to deposit, which far exceeds what the monthly payment will be (like around 25k-30k), can I split that up in 7 MSD payments? Is there a monetary cap of how much I can place down? Can I just place down that much and they can treat that as a MSD? Or do they just mean that up to the first 7 payments there's cap of how many rate reductions you can receive, and any deposit after that they can treat as a MSD but won't offer any benefits like MF reduction?

Is there a limit to the size of money limit on each MSD? If not, then is this plausible?

If you are talking about MSDs, the size of each MSD is the monthly payment rounded up to the next highest $50, and there is a limit of 7 allowed.

If your payment is $760, for example, each MSD would be $800 ($5600 total).

We do not recommend making a down payment on a lease .. if the car is stolen or totaled, you would lose that money.

Thank you for your response. I understand, but if I wanted to put down a substantial more down payment, can they all go all towards MSDs? Is there a monetary cap on the size of MSD?

No - the MSD is the payment rounded up to the next $50, with a max of 7. Anything beyond that would be treated as 'cap reduction' and is at risk.

Why not use that money to offset the higher payment?

denverbronkos

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Quick question guys, hypothetical situation, so I'm presented with this:
2016 X6M

Neg. Price: 105019
Down payment: 30000
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard)
N: 36
Monthly: 604.15


OK, so, for the DOWN PAYMENT, I'm going to do the money factor lease. If I have already have a set number in mind that I want to deposit, which far exceeds what the monthly payment will be (like around 25k-30k), can I split that up in 7 MSD payments? Is there a monetary cap of how much I can place down? Can I just place down that much and they can treat that as a MSD? Or do they just mean that up to the first 7 payments there's cap of how many rate reductions you can receive, and any deposit after that they can treat as a MSD but won't offer any benefits like MF reduction?

Is there a limit to the size of money limit on each MSD? If not, then is this plausible?

If you are talking about MSDs, the size of each MSD is the monthly payment rounded up to the next highest $50, and there is a limit of 7 allowed.

If your payment is $760, for example, each MSD would be $800 ($5600 total).

We do not recommend making a down payment on a lease .. if the car is stolen or totaled, you would lose that money.

Thank you for your response. I understand, but if I wanted to put down a substantial more down payment, can they all go all towards MSDs? Is there a monetary cap on the size of MSD?

No - the MSD is the payment rounded up to the next $50, with a max of 7. Anything beyond that would be treated as 'cap reduction' and is at risk.

Why not use that money to offset the higher payment?

when you mean offset the higher payment, you mean use the rest of the money as cap reduction? I heard that's a big no-no? Or is it not?

Michaell

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Quick question guys, hypothetical situation, so I'm presented with this:
2016 X6M

Neg. Price: 105019
Down payment: 30000
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard)
N: 36
Monthly: 604.15


OK, so, for the DOWN PAYMENT, I'm going to do the money factor lease. If I have already have a set number in mind that I want to deposit, which far exceeds what the monthly payment will be (like around 25k-30k), can I split that up in 7 MSD payments? Is there a monetary cap of how much I can place down? Can I just place down that much and they can treat that as a MSD? Or do they just mean that up to the first 7 payments there's cap of how many rate reductions you can receive, and any deposit after that they can treat as a MSD but won't offer any benefits like MF reduction?

Is there a limit to the size of money limit on each MSD? If not, then is this plausible?

If you are talking about MSDs, the size of each MSD is the monthly payment rounded up to the next highest $50, and there is a limit of 7 allowed.

If your payment is $760, for example, each MSD would be $800 ($5600 total).

We do not recommend making a down payment on a lease .. if the car is stolen or totaled, you would lose that money.

Thank you for your response. I understand, but if I wanted to put down a substantial more down payment, can they all go all towards MSDs? Is there a monetary cap on the size of MSD?

No - the MSD is the payment rounded up to the next $50, with a max of 7. Anything beyond that would be treated as 'cap reduction' and is at risk.

Why not use that money to offset the higher payment?

when you mean offset the higher payment, you mean use the rest of the money as cap reduction? I heard that's a big no-no? Or is it not?

What I'm suggesting is keeping the money in the bank and use it to help with the payment each month.

A cap reduction is not something we recommend for a lease. The money is at risk if the car is stolen or totaled.

denverbronkos

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Quick question guys, hypothetical situation, so I'm presented with this:
2016 X6M

Neg. Price: 105019
Down payment: 30000
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard)
N: 36
Monthly: 604.15


OK, so, for the DOWN PAYMENT, I'm going to do the money factor lease. If I have already have a set number in mind that I want to deposit, which far exceeds what the monthly payment will be (like around 25k-30k), can I split that up in 7 MSD payments? Is there a monetary cap of how much I can place down? Can I just place down that much and they can treat that as a MSD? Or do they just mean that up to the first 7 payments there's cap of how many rate reductions you can receive, and any deposit after that they can treat as a MSD but won't offer any benefits like MF reduction?

Is there a limit to the size of money limit on each MSD? If not, then is this plausible?

If you are talking about MSDs, the size of each MSD is the monthly payment rounded up to the next highest $50, and there is a limit of 7 allowed.

If your payment is $760, for example, each MSD would be $800 ($5600 total).

We do not recommend making a down payment on a lease .. if the car is stolen or totaled, you would lose that money.

Thank you for your response. I understand, but if I wanted to put down a substantial more down payment, can they all go all towards MSDs? Is there a monetary cap on the size of MSD?

No - the MSD is the payment rounded up to the next $50, with a max of 7. Anything beyond that would be treated as 'cap reduction' and is at risk.

Why not use that money to offset the higher payment?

when you mean offset the higher payment, you mean use the rest of the money as cap reduction? I heard that's a big no-no? Or is it not?

What I'm suggesting is keeping the money in the bank and use it to help with the payment each month.

A cap reduction is not something we recommend for a lease. The money is at risk if the car is stolen or totaled.

Ok! Thank you! so as a final number crunch here:

Neg. Price: 103925 (5% off MSRP, reasonable)
Down payment: 9309 (9309/7 = 1329.86 monthly payment after MSD adjustment)
trade in value: 10,000 (off of cap cost)
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard) - 0.00049 = 0.00082
N: 36
Monthly: 777.80

Does this make sense now? I had to do quite a bit of reading. Thank you!

Michaell

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Quick question guys, hypothetical situation, so I'm presented with this:
2016 X6M

Neg. Price: 105019
Down payment: 30000
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard)
N: 36
Monthly: 604.15


OK, so, for the DOWN PAYMENT, I'm going to do the money factor lease. If I have already have a set number in mind that I want to deposit, which far exceeds what the monthly payment will be (like around 25k-30k), can I split that up in 7 MSD payments? Is there a monetary cap of how much I can place down? Can I just place down that much and they can treat that as a MSD? Or do they just mean that up to the first 7 payments there's cap of how many rate reductions you can receive, and any deposit after that they can treat as a MSD but won't offer any benefits like MF reduction?

Is there a limit to the size of money limit on each MSD? If not, then is this plausible?

If you are talking about MSDs, the size of each MSD is the monthly payment rounded up to the next highest $50, and there is a limit of 7 allowed.

If your payment is $760, for example, each MSD would be $800 ($5600 total).

We do not recommend making a down payment on a lease .. if the car is stolen or totaled, you would lose that money.

Thank you for your response. I understand, but if I wanted to put down a substantial more down payment, can they all go all towards MSDs? Is there a monetary cap on the size of MSD?

No - the MSD is the payment rounded up to the next $50, with a max of 7. Anything beyond that would be treated as 'cap reduction' and is at risk.

Why not use that money to offset the higher payment?

when you mean offset the higher payment, you mean use the rest of the money as cap reduction? I heard that's a big no-no? Or is it not?

What I'm suggesting is keeping the money in the bank and use it to help with the payment each month.

A cap reduction is not something we recommend for a lease. The money is at risk if the car is stolen or totaled.

Ok! Thank you! so as a final number crunch here:

Neg. Price: 103925 (5% off MSRP, reasonable)
Down payment: 9309 (9309/7 = 1329.86 monthly payment after MSD adjustment)
trade in value: 10,000 (off of cap cost)
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard) - 0.00049 = 0.00082
N: 36
Monthly: 777.80

Does this make sense now? I had to do quite a bit of reading. Thank you!

Get the dealer to cut you a check for the trade equity - it too would be at risk just like a cash down payment.

denverbronkos

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Quick question guys, hypothetical situation, so I'm presented with this:
2016 X6M

Neg. Price: 105019
Down payment: 30000
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard)
N: 36
Monthly: 604.15


OK, so, for the DOWN PAYMENT, I'm going to do the money factor lease. If I have already have a set number in mind that I want to deposit, which far exceeds what the monthly payment will be (like around 25k-30k), can I split that up in 7 MSD payments? Is there a monetary cap of how much I can place down? Can I just place down that much and they can treat that as a MSD? Or do they just mean that up to the first 7 payments there's cap of how many rate reductions you can receive, and any deposit after that they can treat as a MSD but won't offer any benefits like MF reduction?

Is there a limit to the size of money limit on each MSD? If not, then is this plausible?

If you are talking about MSDs, the size of each MSD is the monthly payment rounded up to the next highest $50, and there is a limit of 7 allowed.

If your payment is $760, for example, each MSD would be $800 ($5600 total).

We do not recommend making a down payment on a lease .. if the car is stolen or totaled, you would lose that money.

Thank you for your response. I understand, but if I wanted to put down a substantial more down payment, can they all go all towards MSDs? Is there a monetary cap on the size of MSD?

No - the MSD is the payment rounded up to the next $50, with a max of 7. Anything beyond that would be treated as 'cap reduction' and is at risk.

Why not use that money to offset the higher payment?

when you mean offset the higher payment, you mean use the rest of the money as cap reduction? I heard that's a big no-no? Or is it not?

What I'm suggesting is keeping the money in the bank and use it to help with the payment each month.

A cap reduction is not something we recommend for a lease. The money is at risk if the car is stolen or totaled.

Ok! Thank you! so as a final number crunch here:

Neg. Price: 103925 (5% off MSRP, reasonable)
Down payment: 9309 (9309/7 = 1329.86 monthly payment after MSD adjustment)
trade in value: 10,000 (off of cap cost)
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard) - 0.00049 = 0.00082
N: 36
Monthly: 777.80

Does this make sense now? I had to do quite a bit of reading. Thank you!

Get the dealer to cut you a check for the trade equity - it too would be at risk just like a cash down payment.

Ah ok, so like a check to me in the amount of trade-in value so I don't have to mark my lease as high risk by putting down any down payment? and use the money towards the monthly payment?

Michaell

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Quick question guys, hypothetical situation, so I'm presented with this:
2016 X6M

Neg. Price: 105019
Down payment: 30000
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard)
N: 36
Monthly: 604.15


OK, so, for the DOWN PAYMENT, I'm going to do the money factor lease. If I have already have a set number in mind that I want to deposit, which far exceeds what the monthly payment will be (like around 25k-30k), can I split that up in 7 MSD payments? Is there a monetary cap of how much I can place down? Can I just place down that much and they can treat that as a MSD? Or do they just mean that up to the first 7 payments there's cap of how many rate reductions you can receive, and any deposit after that they can treat as a MSD but won't offer any benefits like MF reduction?

Is there a limit to the size of money limit on each MSD? If not, then is this plausible?

If you are talking about MSDs, the size of each MSD is the monthly payment rounded up to the next highest $50, and there is a limit of 7 allowed.

If your payment is $760, for example, each MSD would be $800 ($5600 total).

We do not recommend making a down payment on a lease .. if the car is stolen or totaled, you would lose that money.

Thank you for your response. I understand, but if I wanted to put down a substantial more down payment, can they all go all towards MSDs? Is there a monetary cap on the size of MSD?

No - the MSD is the payment rounded up to the next $50, with a max of 7. Anything beyond that would be treated as 'cap reduction' and is at risk.

Why not use that money to offset the higher payment?

when you mean offset the higher payment, you mean use the rest of the money as cap reduction? I heard that's a big no-no? Or is it not?

What I'm suggesting is keeping the money in the bank and use it to help with the payment each month.

A cap reduction is not something we recommend for a lease. The money is at risk if the car is stolen or totaled.

Ok! Thank you! so as a final number crunch here:

Neg. Price: 103925 (5% off MSRP, reasonable)
Down payment: 9309 (9309/7 = 1329.86 monthly payment after MSD adjustment)
trade in value: 10,000 (off of cap cost)
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard) - 0.00049 = 0.00082
N: 36
Monthly: 777.80

Does this make sense now? I had to do quite a bit of reading. Thank you!

Get the dealer to cut you a check for the trade equity - it too would be at risk just like a cash down payment.

Ah ok, so like a check to me in the amount of trade-in value so I don't have to mark my lease as high risk by putting down any down payment? and use the money towards the monthly payment?

Exactly.

denverbronkos

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Quick question guys, hypothetical situation, so I'm presented with this:
2016 X6M

Neg. Price: 105019
Down payment: 30000
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard)
N: 36
Monthly: 604.15


OK, so, for the DOWN PAYMENT, I'm going to do the money factor lease. If I have already have a set number in mind that I want to deposit, which far exceeds what the monthly payment will be (like around 25k-30k), can I split that up in 7 MSD payments? Is there a monetary cap of how much I can place down? Can I just place down that much and they can treat that as a MSD? Or do they just mean that up to the first 7 payments there's cap of how many rate reductions you can receive, and any deposit after that they can treat as a MSD but won't offer any benefits like MF reduction?

Is there a limit to the size of money limit on each MSD? If not, then is this plausible?

If you are talking about MSDs, the size of each MSD is the monthly payment rounded up to the next highest $50, and there is a limit of 7 allowed.

If your payment is $760, for example, each MSD would be $800 ($5600 total).

We do not recommend making a down payment on a lease .. if the car is stolen or totaled, you would lose that money.

Thank you for your response. I understand, but if I wanted to put down a substantial more down payment, can they all go all towards MSDs? Is there a monetary cap on the size of MSD?

No - the MSD is the payment rounded up to the next $50, with a max of 7. Anything beyond that would be treated as 'cap reduction' and is at risk.

Why not use that money to offset the higher payment?

when you mean offset the higher payment, you mean use the rest of the money as cap reduction? I heard that's a big no-no? Or is it not?

What I'm suggesting is keeping the money in the bank and use it to help with the payment each month.

A cap reduction is not something we recommend for a lease. The money is at risk if the car is stolen or totaled.

Ok! Thank you! so as a final number crunch here:

Neg. Price: 103925 (5% off MSRP, reasonable)
Down payment: 9309 (9309/7 = 1329.86 monthly payment after MSD adjustment)
trade in value: 10,000 (off of cap cost)
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard) - 0.00049 = 0.00082
N: 36
Monthly: 777.80

Does this make sense now? I had to do quite a bit of reading. Thank you!

Get the dealer to cut you a check for the trade equity - it too would be at risk just like a cash down payment.

Ah ok, so like a check to me in the amount of trade-in value so I don't have to mark my lease as high risk by putting down any down payment? and use the money towards the monthly payment?

Exactly.

This website is awesome. You've been a great help! Thank you so much!

denverbronkos

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Quick question guys, hypothetical situation, so I'm presented with this:
2016 X6M

Neg. Price: 105019
Down payment: 30000
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard)
N: 36
Monthly: 604.15


OK, so, for the DOWN PAYMENT, I'm going to do the money factor lease. If I have already have a set number in mind that I want to deposit, which far exceeds what the monthly payment will be (like around 25k-30k), can I split that up in 7 MSD payments? Is there a monetary cap of how much I can place down? Can I just place down that much and they can treat that as a MSD? Or do they just mean that up to the first 7 payments there's cap of how many rate reductions you can receive, and any deposit after that they can treat as a MSD but won't offer any benefits like MF reduction?

Is there a limit to the size of money limit on each MSD? If not, then is this plausible?

If you are talking about MSDs, the size of each MSD is the monthly payment rounded up to the next highest $50, and there is a limit of 7 allowed.

If your payment is $760, for example, each MSD would be $800 ($5600 total).

We do not recommend making a down payment on a lease .. if the car is stolen or totaled, you would lose that money.

Thank you for your response. I understand, but if I wanted to put down a substantial more down payment, can they all go all towards MSDs? Is there a monetary cap on the size of MSD?

No - the MSD is the payment rounded up to the next $50, with a max of 7. Anything beyond that would be treated as 'cap reduction' and is at risk.

Why not use that money to offset the higher payment?

when you mean offset the higher payment, you mean use the rest of the money as cap reduction? I heard that's a big no-no? Or is it not?

What I'm suggesting is keeping the money in the bank and use it to help with the payment each month.

A cap reduction is not something we recommend for a lease. The money is at risk if the car is stolen or totaled.

Ok! Thank you! so as a final number crunch here:

Neg. Price: 103925 (5% off MSRP, reasonable)
Down payment: 9309 (9309/7 = 1329.86 monthly payment after MSD adjustment)
trade in value: 10,000 (off of cap cost)
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard) - 0.00049 = 0.00082
N: 36
Monthly: 777.80

Does this make sense now? I had to do quite a bit of reading. Thank you!

Get the dealer to cut you a check for the trade equity - it too would be at risk just like a cash down payment.

Ah ok, so like a check to me in the amount of trade-in value so I don't have to mark my lease as high risk by putting down any down payment? and use the money towards the monthly payment?

Exactly.

one more question. So after determining the security deposits on the MSD after getting the monthly payment from the adjust money factor, do the MSDs drive further down the monthly payment as a "down payment" on top?

So for example if a 104,587 MSRP with adjusted money factor comes down to 1550, at the end when you determine the monthly payments in MSD (n*7), does that then get put back into the down payment, and drive down the 1550 further?

Michaell

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Quick question guys, hypothetical situation, so I'm presented with this:
2016 X6M

Neg. Price: 105019
Down payment: 30000
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard)
N: 36
Monthly: 604.15


OK, so, for the DOWN PAYMENT, I'm going to do the money factor lease. If I have already have a set number in mind that I want to deposit, which far exceeds what the monthly payment will be (like around 25k-30k), can I split that up in 7 MSD payments? Is there a monetary cap of how much I can place down? Can I just place down that much and they can treat that as a MSD? Or do they just mean that up to the first 7 payments there's cap of how many rate reductions you can receive, and any deposit after that they can treat as a MSD but won't offer any benefits like MF reduction?

Is there a limit to the size of money limit on each MSD? If not, then is this plausible?

If you are talking about MSDs, the size of each MSD is the monthly payment rounded up to the next highest $50, and there is a limit of 7 allowed.

If your payment is $760, for example, each MSD would be $800 ($5600 total).

We do not recommend making a down payment on a lease .. if the car is stolen or totaled, you would lose that money.

Thank you for your response. I understand, but if I wanted to put down a substantial more down payment, can they all go all towards MSDs? Is there a monetary cap on the size of MSD?

No - the MSD is the payment rounded up to the next $50, with a max of 7. Anything beyond that would be treated as 'cap reduction' and is at risk.

Why not use that money to offset the higher payment?

when you mean offset the higher payment, you mean use the rest of the money as cap reduction? I heard that's a big no-no? Or is it not?

What I'm suggesting is keeping the money in the bank and use it to help with the payment each month.

A cap reduction is not something we recommend for a lease. The money is at risk if the car is stolen or totaled.

Ok! Thank you! so as a final number crunch here:

Neg. Price: 103925 (5% off MSRP, reasonable)
Down payment: 9309 (9309/7 = 1329.86 monthly payment after MSD adjustment)
trade in value: 10,000 (off of cap cost)
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard) - 0.00049 = 0.00082
N: 36
Monthly: 777.80

Does this make sense now? I had to do quite a bit of reading. Thank you!

Get the dealer to cut you a check for the trade equity - it too would be at risk just like a cash down payment.

Ah ok, so like a check to me in the amount of trade-in value so I don't have to mark my lease as high risk by putting down any down payment? and use the money towards the monthly payment?

Exactly.

one more question. So after determining the security deposits on the MSD after getting the monthly payment from the adjust money factor, do the MSDs drive further down the monthly payment as a "down payment" on top?

So for example if a 104,587 MSRP with adjusted money factor comes down to 1550, at the end when you determine the monthly payments in MSD (n*7), does that then get put back into the down payment, and drive down the 1550 further?

It's my understanding that the size of each security deposit is the payment adjusted with the lower money factor, rounded up to the next $50.

MSDs are not cap reduction or down payment - it is money put aside to 'buy down' the MF. That money is returned to you at the end of the lease.

denverbronkos

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Quick question guys, hypothetical situation, so I'm presented with this:
2016 X6M

Neg. Price: 105019
Down payment: 30000
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard)
N: 36
Monthly: 604.15


OK, so, for the DOWN PAYMENT, I'm going to do the money factor lease. If I have already have a set number in mind that I want to deposit, which far exceeds what the monthly payment will be (like around 25k-30k), can I split that up in 7 MSD payments? Is there a monetary cap of how much I can place down? Can I just place down that much and they can treat that as a MSD? Or do they just mean that up to the first 7 payments there's cap of how many rate reductions you can receive, and any deposit after that they can treat as a MSD but won't offer any benefits like MF reduction?

Is there a limit to the size of money limit on each MSD? If not, then is this plausible?

If you are talking about MSDs, the size of each MSD is the monthly payment rounded up to the next highest $50, and there is a limit of 7 allowed.

If your payment is $760, for example, each MSD would be $800 ($5600 total).

We do not recommend making a down payment on a lease .. if the car is stolen or totaled, you would lose that money.

Thank you for your response. I understand, but if I wanted to put down a substantial more down payment, can they all go all towards MSDs? Is there a monetary cap on the size of MSD?

No - the MSD is the payment rounded up to the next $50, with a max of 7. Anything beyond that would be treated as 'cap reduction' and is at risk.

Why not use that money to offset the higher payment?

when you mean offset the higher payment, you mean use the rest of the money as cap reduction? I heard that's a big no-no? Or is it not?

What I'm suggesting is keeping the money in the bank and use it to help with the payment each month.

A cap reduction is not something we recommend for a lease. The money is at risk if the car is stolen or totaled.

Ok! Thank you! so as a final number crunch here:

Neg. Price: 103925 (5% off MSRP, reasonable)
Down payment: 9309 (9309/7 = 1329.86 monthly payment after MSD adjustment)
trade in value: 10,000 (off of cap cost)
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard) - 0.00049 = 0.00082
N: 36
Monthly: 777.80

Does this make sense now? I had to do quite a bit of reading. Thank you!

Get the dealer to cut you a check for the trade equity - it too would be at risk just like a cash down payment.

Ah ok, so like a check to me in the amount of trade-in value so I don't have to mark my lease as high risk by putting down any down payment? and use the money towards the monthly payment?

Exactly.

one more question. So after determining the security deposits on the MSD after getting the monthly payment from the adjust money factor, do the MSDs drive further down the monthly payment as a "down payment" on top?

So for example if a 104,587 MSRP with adjusted money factor comes down to 1550, at the end when you determine the monthly payments in MSD (n*7), does that then get put back into the down payment, and drive down the 1550 further?

It's my understanding that the size of each security deposit is the payment adjusted with the lower money factor, rounded up to the next $50.

MSDs are not cap reduction or down payment - it is money put aside to 'buy down' the MF. That money is returned to you at the end of the lease.

Man, so I did the math, it's quite steep per month even after MF adjustment! Can't believe I didn't realize MSDs aren't used as down payment, but like you said drive down the money factor.

Michaell

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Quick question guys, hypothetical situation, so I'm presented with this:
2016 X6M

Neg. Price: 105019
Down payment: 30000
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard)
N: 36
Monthly: 604.15


OK, so, for the DOWN PAYMENT, I'm going to do the money factor lease. If I have already have a set number in mind that I want to deposit, which far exceeds what the monthly payment will be (like around 25k-30k), can I split that up in 7 MSD payments? Is there a monetary cap of how much I can place down? Can I just place down that much and they can treat that as a MSD? Or do they just mean that up to the first 7 payments there's cap of how many rate reductions you can receive, and any deposit after that they can treat as a MSD but won't offer any benefits like MF reduction?

Is there a limit to the size of money limit on each MSD? If not, then is this plausible?

If you are talking about MSDs, the size of each MSD is the monthly payment rounded up to the next highest $50, and there is a limit of 7 allowed.

If your payment is $760, for example, each MSD would be $800 ($5600 total).

We do not recommend making a down payment on a lease .. if the car is stolen or totaled, you would lose that money.

Thank you for your response. I understand, but if I wanted to put down a substantial more down payment, can they all go all towards MSDs? Is there a monetary cap on the size of MSD?

No - the MSD is the payment rounded up to the next $50, with a max of 7. Anything beyond that would be treated as 'cap reduction' and is at risk.

Why not use that money to offset the higher payment?

when you mean offset the higher payment, you mean use the rest of the money as cap reduction? I heard that's a big no-no? Or is it not?

What I'm suggesting is keeping the money in the bank and use it to help with the payment each month.

A cap reduction is not something we recommend for a lease. The money is at risk if the car is stolen or totaled.

Ok! Thank you! so as a final number crunch here:

Neg. Price: 103925 (5% off MSRP, reasonable)
Down payment: 9309 (9309/7 = 1329.86 monthly payment after MSD adjustment)
trade in value: 10,000 (off of cap cost)
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard) - 0.00049 = 0.00082
N: 36
Monthly: 777.80

Does this make sense now? I had to do quite a bit of reading. Thank you!

Get the dealer to cut you a check for the trade equity - it too would be at risk just like a cash down payment.

Ah ok, so like a check to me in the amount of trade-in value so I don't have to mark my lease as high risk by putting down any down payment? and use the money towards the monthly payment?

Exactly.

one more question. So after determining the security deposits on the MSD after getting the monthly payment from the adjust money factor, do the MSDs drive further down the monthly payment as a "down payment" on top?

So for example if a 104,587 MSRP with adjusted money factor comes down to 1550, at the end when you determine the monthly payments in MSD (n*7), does that then get put back into the down payment, and drive down the 1550 further?

It's my understanding that the size of each security deposit is the payment adjusted with the lower money factor, rounded up to the next $50.

MSDs are not cap reduction or down payment - it is money put aside to 'buy down' the MF. That money is returned to you at the end of the lease.

Man, so I did the math, it's quite steep per month even after MF adjustment! Can't believe I didn't realize MSDs aren't used as down payment, but like you said drive down the money factor.

A $100K SUV is going to be expensive to lease, any way you look at it.

The best way to save money on the lease is to negotiate a killer selling price ... the lower MF will only save you about $70-80/mo, roughly.

denverbronkos

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Quick question guys, hypothetical situation, so I'm presented with this:
2016 X6M

Neg. Price: 105019
Down payment: 30000
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard)
N: 36
Monthly: 604.15


OK, so, for the DOWN PAYMENT, I'm going to do the money factor lease. If I have already have a set number in mind that I want to deposit, which far exceeds what the monthly payment will be (like around 25k-30k), can I split that up in 7 MSD payments? Is there a monetary cap of how much I can place down? Can I just place down that much and they can treat that as a MSD? Or do they just mean that up to the first 7 payments there's cap of how many rate reductions you can receive, and any deposit after that they can treat as a MSD but won't offer any benefits like MF reduction?

Is there a limit to the size of money limit on each MSD? If not, then is this plausible?

If you are talking about MSDs, the size of each MSD is the monthly payment rounded up to the next highest $50, and there is a limit of 7 allowed.

If your payment is $760, for example, each MSD would be $800 ($5600 total).

We do not recommend making a down payment on a lease .. if the car is stolen or totaled, you would lose that money.

Thank you for your response. I understand, but if I wanted to put down a substantial more down payment, can they all go all towards MSDs? Is there a monetary cap on the size of MSD?

No - the MSD is the payment rounded up to the next $50, with a max of 7. Anything beyond that would be treated as 'cap reduction' and is at risk.

Why not use that money to offset the higher payment?

when you mean offset the higher payment, you mean use the rest of the money as cap reduction? I heard that's a big no-no? Or is it not?

What I'm suggesting is keeping the money in the bank and use it to help with the payment each month.

A cap reduction is not something we recommend for a lease. The money is at risk if the car is stolen or totaled.

Ok! Thank you! so as a final number crunch here:

Neg. Price: 103925 (5% off MSRP, reasonable)
Down payment: 9309 (9309/7 = 1329.86 monthly payment after MSD adjustment)
trade in value: 10,000 (off of cap cost)
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard) - 0.00049 = 0.00082
N: 36
Monthly: 777.80

Does this make sense now? I had to do quite a bit of reading. Thank you!

Get the dealer to cut you a check for the trade equity - it too would be at risk just like a cash down payment.

Ah ok, so like a check to me in the amount of trade-in value so I don't have to mark my lease as high risk by putting down any down payment? and use the money towards the monthly payment?

Exactly.

one more question. So after determining the security deposits on the MSD after getting the monthly payment from the adjust money factor, do the MSDs drive further down the monthly payment as a "down payment" on top?

So for example if a 104,587 MSRP with adjusted money factor comes down to 1550, at the end when you determine the monthly payments in MSD (n*7), does that then get put back into the down payment, and drive down the 1550 further?

It's my understanding that the size of each security deposit is the payment adjusted with the lower money factor, rounded up to the next $50.

MSDs are not cap reduction or down payment - it is money put aside to 'buy down' the MF. That money is returned to you at the end of the lease.

Man, so I did the math, it's quite steep per month even after MF adjustment! Can't believe I didn't realize MSDs aren't used as down payment, but like you said drive down the money factor.

A $100K SUV is going to be expensive to lease, any way you look at it.

The best way to save money on the lease is to negotiate a killer selling price ... the lower MF will only save you about $70-80/mo, roughly.

What's the highest discount on average one can receive on that SUV?

Michaell

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Quick question guys, hypothetical situation, so I'm presented with this:
2016 X6M

Neg. Price: 105019
Down payment: 30000
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard)
N: 36
Monthly: 604.15


OK, so, for the DOWN PAYMENT, I'm going to do the money factor lease. If I have already have a set number in mind that I want to deposit, which far exceeds what the monthly payment will be (like around 25k-30k), can I split that up in 7 MSD payments? Is there a monetary cap of how much I can place down? Can I just place down that much and they can treat that as a MSD? Or do they just mean that up to the first 7 payments there's cap of how many rate reductions you can receive, and any deposit after that they can treat as a MSD but won't offer any benefits like MF reduction?

Is there a limit to the size of money limit on each MSD? If not, then is this plausible?

If you are talking about MSDs, the size of each MSD is the monthly payment rounded up to the next highest $50, and there is a limit of 7 allowed.

If your payment is $760, for example, each MSD would be $800 ($5600 total).

We do not recommend making a down payment on a lease .. if the car is stolen or totaled, you would lose that money.

Thank you for your response. I understand, but if I wanted to put down a substantial more down payment, can they all go all towards MSDs? Is there a monetary cap on the size of MSD?

No - the MSD is the payment rounded up to the next $50, with a max of 7. Anything beyond that would be treated as 'cap reduction' and is at risk.

Why not use that money to offset the higher payment?

when you mean offset the higher payment, you mean use the rest of the money as cap reduction? I heard that's a big no-no? Or is it not?

What I'm suggesting is keeping the money in the bank and use it to help with the payment each month.

A cap reduction is not something we recommend for a lease. The money is at risk if the car is stolen or totaled.

Ok! Thank you! so as a final number crunch here:

Neg. Price: 103925 (5% off MSRP, reasonable)
Down payment: 9309 (9309/7 = 1329.86 monthly payment after MSD adjustment)
trade in value: 10,000 (off of cap cost)
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard) - 0.00049 = 0.00082
N: 36
Monthly: 777.80

Does this make sense now? I had to do quite a bit of reading. Thank you!

Get the dealer to cut you a check for the trade equity - it too would be at risk just like a cash down payment.

Ah ok, so like a check to me in the amount of trade-in value so I don't have to mark my lease as high risk by putting down any down payment? and use the money towards the monthly payment?

Exactly.

one more question. So after determining the security deposits on the MSD after getting the monthly payment from the adjust money factor, do the MSDs drive further down the monthly payment as a "down payment" on top?

So for example if a 104,587 MSRP with adjusted money factor comes down to 1550, at the end when you determine the monthly payments in MSD (n*7), does that then get put back into the down payment, and drive down the 1550 further?

It's my understanding that the size of each security deposit is the payment adjusted with the lower money factor, rounded up to the next $50.

MSDs are not cap reduction or down payment - it is money put aside to 'buy down' the MF. That money is returned to you at the end of the lease.

Man, so I did the math, it's quite steep per month even after MF adjustment! Can't believe I didn't realize MSDs aren't used as down payment, but like you said drive down the money factor.

A $100K SUV is going to be expensive to lease, any way you look at it.

The best way to save money on the lease is to negotiate a killer selling price ... the lower MF will only save you about $70-80/mo, roughly.

What's the highest discount on average one can receive on that SUV?

I don't track selling prices; in general, 5-7% off MSRP, before incentives, is a good target for a BMW.

denverbronkos

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Quick question guys, hypothetical situation, so I'm presented with this:
2016 X6M

Neg. Price: 105019
Down payment: 30000
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard)
N: 36
Monthly: 604.15


OK, so, for the DOWN PAYMENT, I'm going to do the money factor lease. If I have already have a set number in mind that I want to deposit, which far exceeds what the monthly payment will be (like around 25k-30k), can I split that up in 7 MSD payments? Is there a monetary cap of how much I can place down? Can I just place down that much and they can treat that as a MSD? Or do they just mean that up to the first 7 payments there's cap of how many rate reductions you can receive, and any deposit after that they can treat as a MSD but won't offer any benefits like MF reduction?

Is there a limit to the size of money limit on each MSD? If not, then is this plausible?

If you are talking about MSDs, the size of each MSD is the monthly payment rounded up to the next highest $50, and there is a limit of 7 allowed.

If your payment is $760, for example, each MSD would be $800 ($5600 total).

We do not recommend making a down payment on a lease .. if the car is stolen or totaled, you would lose that money.

Thank you for your response. I understand, but if I wanted to put down a substantial more down payment, can they all go all towards MSDs? Is there a monetary cap on the size of MSD?

No - the MSD is the payment rounded up to the next $50, with a max of 7. Anything beyond that would be treated as 'cap reduction' and is at risk.

Why not use that money to offset the higher payment?

when you mean offset the higher payment, you mean use the rest of the money as cap reduction? I heard that's a big no-no? Or is it not?

What I'm suggesting is keeping the money in the bank and use it to help with the payment each month.

A cap reduction is not something we recommend for a lease. The money is at risk if the car is stolen or totaled.

Ok! Thank you! so as a final number crunch here:

Neg. Price: 103925 (5% off MSRP, reasonable)
Down payment: 9309 (9309/7 = 1329.86 monthly payment after MSD adjustment)
trade in value: 10,000 (off of cap cost)
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard) - 0.00049 = 0.00082
N: 36
Monthly: 777.80

Does this make sense now? I had to do quite a bit of reading. Thank you!

Get the dealer to cut you a check for the trade equity - it too would be at risk just like a cash down payment.

Ah ok, so like a check to me in the amount of trade-in value so I don't have to mark my lease as high risk by putting down any down payment? and use the money towards the monthly payment?

Exactly.

one more question. So after determining the security deposits on the MSD after getting the monthly payment from the adjust money factor, do the MSDs drive further down the monthly payment as a "down payment" on top?

So for example if a 104,587 MSRP with adjusted money factor comes down to 1550, at the end when you determine the monthly payments in MSD (n*7), does that then get put back into the down payment, and drive down the 1550 further?

It's my understanding that the size of each security deposit is the payment adjusted with the lower money factor, rounded up to the next $50.

MSDs are not cap reduction or down payment - it is money put aside to 'buy down' the MF. That money is returned to you at the end of the lease.

Man, so I did the math, it's quite steep per month even after MF adjustment! Can't believe I didn't realize MSDs aren't used as down payment, but like you said drive down the money factor.

A $100K SUV is going to be expensive to lease, any way you look at it.

The best way to save money on the lease is to negotiate a killer selling price ... the lower MF will only save you about $70-80/mo, roughly.

What's the highest discount on average one can receive on that SUV?

I don't track selling prices; in general, 5-7% off MSRP, before incentives, is a good target for a BMW.

Oh ok. And for incentives, I just ask the dealer?

Michaell

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Quick question guys, hypothetical situation, so I'm presented with this:
2016 X6M

Neg. Price: 105019
Down payment: 30000
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard)
N: 36
Monthly: 604.15


OK, so, for the DOWN PAYMENT, I'm going to do the money factor lease. If I have already have a set number in mind that I want to deposit, which far exceeds what the monthly payment will be (like around 25k-30k), can I split that up in 7 MSD payments? Is there a monetary cap of how much I can place down? Can I just place down that much and they can treat that as a MSD? Or do they just mean that up to the first 7 payments there's cap of how many rate reductions you can receive, and any deposit after that they can treat as a MSD but won't offer any benefits like MF reduction?

Is there a limit to the size of money limit on each MSD? If not, then is this plausible?

If you are talking about MSDs, the size of each MSD is the monthly payment rounded up to the next highest $50, and there is a limit of 7 allowed.

If your payment is $760, for example, each MSD would be $800 ($5600 total).

We do not recommend making a down payment on a lease .. if the car is stolen or totaled, you would lose that money.

Thank you for your response. I understand, but if I wanted to put down a substantial more down payment, can they all go all towards MSDs? Is there a monetary cap on the size of MSD?

No - the MSD is the payment rounded up to the next $50, with a max of 7. Anything beyond that would be treated as 'cap reduction' and is at risk.

Why not use that money to offset the higher payment?

when you mean offset the higher payment, you mean use the rest of the money as cap reduction? I heard that's a big no-no? Or is it not?

What I'm suggesting is keeping the money in the bank and use it to help with the payment each month.

A cap reduction is not something we recommend for a lease. The money is at risk if the car is stolen or totaled.

Ok! Thank you! so as a final number crunch here:

Neg. Price: 103925 (5% off MSRP, reasonable)
Down payment: 9309 (9309/7 = 1329.86 monthly payment after MSD adjustment)
trade in value: 10,000 (off of cap cost)
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard) - 0.00049 = 0.00082
N: 36
Monthly: 777.80

Does this make sense now? I had to do quite a bit of reading. Thank you!

Get the dealer to cut you a check for the trade equity - it too would be at risk just like a cash down payment.

Ah ok, so like a check to me in the amount of trade-in value so I don't have to mark my lease as high risk by putting down any down payment? and use the money towards the monthly payment?

Exactly.

one more question. So after determining the security deposits on the MSD after getting the monthly payment from the adjust money factor, do the MSDs drive further down the monthly payment as a "down payment" on top?

So for example if a 104,587 MSRP with adjusted money factor comes down to 1550, at the end when you determine the monthly payments in MSD (n*7), does that then get put back into the down payment, and drive down the 1550 further?

It's my understanding that the size of each security deposit is the payment adjusted with the lower money factor, rounded up to the next $50.

MSDs are not cap reduction or down payment - it is money put aside to 'buy down' the MF. That money is returned to you at the end of the lease.

Man, so I did the math, it's quite steep per month even after MF adjustment! Can't believe I didn't realize MSDs aren't used as down payment, but like you said drive down the money factor.

A $100K SUV is going to be expensive to lease, any way you look at it.

The best way to save money on the lease is to negotiate a killer selling price ... the lower MF will only save you about $70-80/mo, roughly.

What's the highest discount on average one can receive on that SUV?

I don't track selling prices; in general, 5-7% off MSRP, before incentives, is a good target for a BMW.

Oh ok. And for incentives, I just ask the dealer?

I show $1500 option allowance and $1500 Winter SAV Adder.

denverbronkos

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Michaell said:

denverbronkos said:

Quick question guys, hypothetical situation, so I'm presented with this:
2016 X6M

Neg. Price: 105019
Down payment: 30000
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard)
N: 36
Monthly: 604.15


OK, so, for the DOWN PAYMENT, I'm going to do the money factor lease. If I have already have a set number in mind that I want to deposit, which far exceeds what the monthly payment will be (like around 25k-30k), can I split that up in 7 MSD payments? Is there a monetary cap of how much I can place down? Can I just place down that much and they can treat that as a MSD? Or do they just mean that up to the first 7 payments there's cap of how many rate reductions you can receive, and any deposit after that they can treat as a MSD but won't offer any benefits like MF reduction?

Is there a limit to the size of money limit on each MSD? If not, then is this plausible?

If you are talking about MSDs, the size of each MSD is the monthly payment rounded up to the next highest $50, and there is a limit of 7 allowed.

If your payment is $760, for example, each MSD would be $800 ($5600 total).

We do not recommend making a down payment on a lease .. if the car is stolen or totaled, you would lose that money.

Thank you for your response. I understand, but if I wanted to put down a substantial more down payment, can they all go all towards MSDs? Is there a monetary cap on the size of MSD?

No - the MSD is the payment rounded up to the next $50, with a max of 7. Anything beyond that would be treated as 'cap reduction' and is at risk.

Why not use that money to offset the higher payment?

when you mean offset the higher payment, you mean use the rest of the money as cap reduction? I heard that's a big no-no? Or is it not?

What I'm suggesting is keeping the money in the bank and use it to help with the payment each month.

A cap reduction is not something we recommend for a lease. The money is at risk if the car is stolen or totaled.

Ok! Thank you! so as a final number crunch here:

Neg. Price: 103925 (5% off MSRP, reasonable)
Down payment: 9309 (9309/7 = 1329.86 monthly payment after MSD adjustment)
trade in value: 10,000 (off of cap cost)
Sales Tax: 6%
Residual: 60911 (58%)
MF: 0.00131 (standard) - 0.00049 = 0.00082
N: 36
Monthly: 777.80

Does this make sense now? I had to do quite a bit of reading. Thank you!

Get the dealer to cut you a check for the trade equity - it too would be at risk just like a cash down payment.

Ah ok, so like a check to me in the amount of trade-in value so I don't have to mark my lease as high risk by putting down any down payment? and use the money towards the monthly payment?

Exactly.

one more question. So after determining the security deposits on the MSD after getting the monthly payment from the adjust money factor, do the MSDs drive further down the monthly payment as a "down payment" on top?

So for example if a 104,587 MSRP with adjusted money factor comes down to 1550, at the end when you determine the monthly payments in MSD (n*7), does that then get put back into the down payment, and drive down the 1550 further?

It's my understanding that the size of each security deposit is the payment adjusted with the lower money factor, rounded up to the next $50.

MSDs are not cap reduction or down payment - it is money put aside to 'buy down' the MF. That money is returned to you at the end of the lease.

Man, so I did the math, it's quite steep per month even after MF adjustment! Can't believe I didn't realize MSDs aren't used as down payment, but like you said drive down the money factor.

A $100K SUV is going to be expensive to lease, any way you look at it.

The best way to save money on the lease is to negotiate a killer selling price ... the lower MF will only save you about $70-80/mo, roughly.

What's the highest discount on average one can receive on that SUV?

I don't track selling prices; in general, 5-7% off MSRP, before incentives, is a good target for a BMW.

Oh ok. And for incentives, I just ask the dealer?

I show $1500 option allowance and $1500 Winter SAV Adder.

cool! as always you're the best! thank you very much, have a good night

jagoo

Please give me the current MF and residual for 3yrs/15k miles a year.

2016 Models
X6 Xdrive 35i
X6 Sdrive 35i
X6 Xdrive 50i
X6M

Do all of them have the $3000 incentive?

Thanks in advance.

Michaell

jagoo said:

Please give me the current MF and residual for 3yrs/15k miles a year.

2016 Models
X6 Xdrive 35i
X6 Sdrive 35i
X6 Xdrive 50i
X6M

Do all of them have the $3000 incentive?

Thanks in advance.

.00132 MF, $1500 option allowance and $1500 SAV Winter Adder for all X6 models

36/15 residuals:
X6 Xdrive 35i - 56%
X6 Sdrive 35i - 57%
X6 Xdrive 50i - 55%
X6M - 55%

jagoo

Thank you.

shaker58

Please give me the current MF and residual for 3yrs/10 miles a year. also 12k
ny/nj area. ANY INCENTIVES?

Michaell

shaker58 said:

Please give me the current MF and residual for 3yrs/10 miles a year. also 12k
ny/nj area. ANY INCENTIVES?

Which engine and drive wheels?

.00135 MF for all.

shaker58

Michaell said:

shaker58 said:

Please give me the current MF and residual for 3yrs/10 miles a year. also 12k
ny/nj area. ANY INCENTIVES?

Which engine and drive wheels?

.00135 MF for all.

3.5 x drive
thank you

Michaell

shaker58 said:

Michaell said:

shaker58 said:

Please give me the current MF and residual for 3yrs/10 miles a year. also 12k
ny/nj area. ANY INCENTIVES?

Which engine and drive wheels?

.00135 MF for all.

3.5 x drive
thank you

58% / 59%. $2000 lease credit.

shaker58

can you let me know how this deal stacks up
70695
sell price 59500 ( includes 1000 drive event)
925 bank fee and dealer paperwork fee 369 and 8.625 tax rolled in payment in payment
673.00 plus reg & plates around 300.00
thanks

Michaell

shaker58 said:

can you let me know how this deal stacks up 70695 sell price 59500 ( includes 1000 drive event) 925 bank fee and dealer paperwork fee 369 and 8.625 tax rolled in payment in payment 673.00 plus reg & plates around 300.00 thanks

 What is the net capitalized cost, after all the fees and taxes are added in?

shaker58

60794 also making 7 msd upfront 4200.00

Michaell

shaker58 said:

60794 also making 7 msd upfront 4200.00

Using .00086 as the MF 59% as the 36/10 residual, your prices give me a payment of $618/mo. 36/12 results in a payment of $637/mo.

shaker58

hi michaell,

does that included the 8.625% taxes? I was quoted 673 with taxes in payment

Michaell

shaker58 said:

hi michaell,

does that included the 8.625% taxes? I was quoted 673 with taxes in payment

In NY, the taxes are calculated for the entire lease up front and either paid at lease inception or rolled into the cap cost. If I add tax to my payment, the total becomes $692/mo

shaker58

Thanks for your help. The 673 looks like a great deal then.

kyfdx

shaker58 said:

Thanks for your help. The 673 looks like a great deal then.

Not buying in NYS, then, right? No MSDs, there.

shaker58

going over the bridge NJ

russ1975

If you are registering your car in NY even if you buy it in NJ you can't do MSDs.

kyfdx

russ1975 said:

If you are registering your car in NY even if you buy it in NJ you can't do MSDs.

We have anecdotal evidence from multiple NY residents that say different.

danmgy11

Do you have new MF and residual numbers for the 2016 X6 x35i? I'm looking at 36 months and both 15k and 12K miles.

Also do you know if there's any incentives or cash back going on now?

Thanks!

Michaell

danmgy11 said:

Do you have new MF and residual numbers for the 2016 X6 x35i? I'm looking at 36 months and both 15k and 12K miles.

Also do you know if there's any incentives or cash back going on now?

Thanks!

.00135 and 56% for 36/15. $2000 lease credit. Add 2% for 12k

carsearcher18

Hi Michaell, am seriously looking to lease the X6M 2016.
- just left a local dealership, and they quoted me mf of .00135 and residual of 61%. Is that the lowest current rates?
- if yes, are these numbers truly non-negotiable?
- another dealership has a 15 model and the residual is way worse, at 54%. Is that expected for an older year model?
- finally, is there a time of year when the mf and residual are best, or is that just completely unpredictable?

Thanks!

Michaell

carsearcher18 said:

Hi Michaell, am seriously looking to lease the X6M 2016.
- just left a local dealership, and they quoted me mf of .00135 and residual of 61%. Is that the lowest current rates?
- if yes, are these numbers truly non-negotiable?
- another dealership has a 15 model and the residual is way worse, at 54%. Is that expected for an older year model?
- finally, is there a time of year when the mf and residual are best, or is that just completely unpredictable?

Thanks!

I confirm the .00135 and 61% for a 36 month, 10,000 mile per year lease. Residual is set by the bank and that is the best MF you can get without MSD

54% is the correct residual for a 2016 X6 M for 36/10

Can't really say when the numbers are their best.

carsearcher18

Thanks Michaell. Sorry, but was is "MSD"?

Michaell

carsearcher18 said:

Thanks Michaell. Sorry, but was is "MSD"?

Multiple Security Deposit - allows you to buy down the money factor.

pandaxpress

Hello
What is the money factor and residual for an X6 sDrive35 for 10/36 and 15/36
thank you kindly

kyfdx

pandaxpress said:

Hello
What is the money factor and residual for an X6 sDrive35 for 10/36 and 15/36
thank you kindly

.00135 MF and 61%/58% residual

carsearcher18

Hi guys, am about to pull the trigger on an X6M lease (with an order), and have been offered a good price with a 10K/36 lease of .00135 MF and 61% residual (both of which this forum has confirmed is the current correct BMW financial lease numbers). Then I got a bit of cold feet.

My question: Am I leasing at a bad time, since we hear about a lot more lease specials toward the end of the year? I'm not in a hurry. Or is .00135 and 61% about as good as it gets? Or do M cars not get incentives on leases in general, given they are much more limited and in demand.

Any thoughts and/or observations on timing would be greatly appreciated guys! Thanks.

Michaell

carsearcher18 said:

Hi guys, am about to pull the trigger on an X6M lease (with an order), and have been offered a good price with a 10K/36 lease of .00135 MF and 61% residual (both of which this forum has confirmed is the current correct BMW financial lease numbers). Then I got a bit of cold feet.

My question: Am I leasing at a bad time, since we hear about a lot more lease specials toward the end of the year? I'm not in a hurry. Or is .00135 and 61% about as good as it gets? Or do M cars not get incentives on leases in general, given they are much more limited and in demand.

Any thoughts and/or observations on timing would be greatly appreciated guys! Thanks.

No special numbers on the X6M - same as all other X6's.

As to the timing, it's possible that there might be incentive money available, but the residual is often reduced to compensate.

Waiting to see if the numbers get better is always a bit of a gamble. I've seen them get better ... and, I've seen them get worse.

carsearcher18

Thanks Michaell. So I guess the bottom line is, is .00135 and 61% near or perhaps at the lowest you've seen for bimmers? If yes, then there's no point to wait.

Michaell

carsearcher18 said:

Thanks Michaell. So I guess the bottom line is, is .00135 and 61% near or perhaps at the lowest you've seen for bimmers? If yes, then there's no point to wait.

Like I said, last month there was lease cash but the residual was lower. So, it all works out about the same. Just how you want to manipulate the numbers.

gatorsf76

My local dealership has a 2016 CPO elite (less than 6k miles) 3.5x with all the features I want. Does BMW lease CPOs and what sort of MF and residual should I expect for 3y/36k and 3y/45k leases? Thanks