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Need Help With Lease for 2016 BMW X5

har0630har0630 Posts: 7
edited October 2015 in BMW
Getting Ready to Sign Lease for 2016 BMW X5 35I 12/36
MSRP- 67,320
SALE PRICE - 62,820 (INCL. ACQ. FEE)
RESIDUAL - 57%
MF- 0.00105
MDS - 6,300.
MONTHLY PAY INCLUDING TAX - 887.30

AM I ON THE RIGHT TRACK TO SIGN? ANY HELP IS GREATLY APPRECIATED.



Comments

  • kyfdxkyfdx Posts: 117,187
    har0630 said:

    Getting Ready to Sign Lease for 2016 BMW X5 35I 12/36
    MSRP- 67,320
    SALE PRICE - 62,820 (INCL. ACQ. FEE)
    RESIDUAL - 57%
    MF- 0.00105
    MDS - 6,300.
    MONTHLY PAY INCLUDING TAX - 887.30

    AM I ON THE RIGHT TRACK TO SIGN? ANY HELP IS GREATLY APPRECIATED.



    The base MF with 7 MSDs is .00085, so a little bit of a markup there.
    how much is due at signing, other than the MSDs?

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

    Edmunds Moderator

  • Appreciate your response. Total due at signing is 7,419.20 (MSD 6,300 - Mnthly Pay - 887.30 - Tags - 231.90).
  • kyfdxkyfdx Posts: 117,187
    har0630 said:

    Appreciate your response. Total due at signing is 7,419.20 (MSD 6,300 - Mnthly Pay - 887.30 - Tags - 231.90).

    Even with the inflated money factor, I get $785/mo.+tax.. So, seems a little high. Which state/tax rate?

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

    Edmunds Moderator

  • Pa. 6%.  Thanks again. 
  • kyfdxkyfdx Posts: 117,187
    har0630 said:

    Pa. 6%.  Thanks again. 

    Extra 3% tax on leases in PA, so 9%. That leaves about $30/mo. lower than their quote.

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

    Edmunds Moderator

  • Will try to get them to drop the MF to the base .00085. Maybe that'll make up the $30/mo overage. Really do
    appreciate your feedback.
  • akashpcakashpc NYPosts: 9
    Hey guys,

    I want to know if this is a good deal.

    What should the lease cost be on 2016 x5 35i M-sport, 36/12k

    MSRP: 67,595
    Discount: 5,556 (including 1,500 incentive)
    Selling price: 62,039
    Adjusted Cap cost: 65,552.82 (I think they added taxes to selling price)
    Taxes (NYS- 8%)- 2,588.82
    Down payment- 0
    Acq fee- 925
    Registration fee- 150
    Other fees- 145 (DMV I think)
    MF- 0.00144

    Amount due at start- 1,195.54 (I'm not sure how they got this)

    Monthly payment- $900.54 (incl tax)

    ------
    I would like to pay acquisition fee, DMV, and 1st month at signing.

    1) What should my lease monthly payment be?
    2) My dealership in NYS said that NYS does not allow MSD. Is this true?
    3) What is the base MF without MSD?
    4) It seems like they added taxes to selling price to get an inflated Adjusted Cap cost. What if I tell them that I want to pay taxes rolled into monthly payments?

    Thank you so much in advance!
  • kyfdxkyfdx Posts: 117,187
    akashpc said:

    Hey guys,

    I want to know if this is a good deal.

    What should the lease cost be on 2016 x5 35i M-sport, 36/12k

    MSRP: 67,595
    Discount: 5,556 (including 1,500 incentive)
    Selling price: 62,039
    Adjusted Cap cost: 65,552.82 (I think they added taxes to selling price)
    Taxes (NYS- 8%)- 2,588.82
    Down payment- 0
    Acq fee- 925
    Registration fee- 150
    Other fees- 145 (DMV I think)
    MF- 0.00144

    Amount due at start- 1,195.54 (I'm not sure how they got this)

    Monthly payment- $900.54 (incl tax)

    ------
    I would like to pay acquisition fee, DMV, and 1st month at signing.

    1) What should my lease monthly payment be?
    2) My dealership in NYS said that NYS does not allow MSD. Is this true?
    3) What is the base MF without MSD?
    4) It seems like they added taxes to selling price to get an inflated Adjusted Cap cost. What if I tell them that I want to pay taxes rolled into monthly payments?

    Thank you so much in advance!

    Putting the taxes into the CAP cost does roll them into the monthly payment... That's exactly what that means.

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

    Edmunds Moderator

  • har0630har0630 Posts: 7
    Back in the care leasing market. Looking at a 2019 BMW X3 xDrive30i. MSRP - $ 56,675.
    Sale Price - $ 54,425. Residual 58%. MF - 0.00217 (Seems way high). Monthly Pay $861.
    36 Month / 12K.
    Any feedback would be greatly appreciated.
  • har0630har0630 Posts: 7
    Addendum: May also consider putting down max MSD $.
    Thank you.
  • MichaellMichaell ColoradoPosts: 107,534
    har0630 said:

    Back in the care leasing market. Looking at a 2019 BMW X3 xDrive30i. MSRP - $ 56,675.
    Sale Price - $ 54,425. Residual 58%. MF - 0.00217 (Seems way high). Monthly Pay $861.
    36 Month / 12K.
    Any feedback would be greatly appreciated.

    har0630 said:

    Addendum: May also consider putting down max MSD $.
    Thank you.

    .00177 and 58%
    $1000 lease incentive

    MF is marked up the max allowed, and there isn't much of a discount from sticker.

    MSDs will bring down the MF .00035 total (7 MSDs @ .00005 each)

    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

    2016 VW Jetta 1.4T SE / 2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

This discussion has been closed.