MSRP 50,500 Selling price: 47500 Residual: 32636 Lease monthly: 543 Tax included(PA) No MSD, No Cap Reduction Acquisition Fee: 925+DMV 135+Doc Fee 135+Tax on Fee 83.25 = Total cash on delivery 1821.39 Money Factor: .00114 Term: 36 months/10K
Please let me know, is this a good to go ?? any room for negotiation?
Do you have a fleet or corporate discount? Because that money factor is below the base number of .00134
Hi Keyjey
Yes, they included corporate fleet discount.
The fleet discount also comes with a $1500 incentive. That makes the dealer discount from MSRP just $1500. I'd expect at least another $1500 off. That would knock the payment down to about $500/mo.
I'm within a couple dollars of that quote, with those numbers.
MF upcharge is adding close to $30/mo to the payment.
Thanks. Dealer provided more insight into numbers. What I don't understand breakdown of down payment ($2500). What does amount applied upfront mean? and what does it cover?
MSRP 50,500 Selling price: 47500 Residual: 32636 Lease monthly: 543 Tax included(PA) No MSD, No Cap Reduction Acquisition Fee: 925+DMV 135+Doc Fee 135+Tax on Fee 83.25 = Total cash on delivery 1821.39 Money Factor: .00114 Term: 36 months/10K
Please let me know, is this a good to go ?? any room for negotiation?
Do you have a fleet or corporate discount? Because that money factor is below the base number of .00134
Hi Keyjey
Yes, they included corporate fleet discount.
The fleet discount also comes with a $1500 incentive. That makes the dealer discount from MSRP just $1500. I'd expect at least another $1500 off. That would knock the payment down to about $500/mo.
Thanks kyfdx. yes, that make sense, i dint realize corporate discount also included in the selling price.. very good catch. From the earlier discussions in this forum, i understand that normal discount(without corp or any other loyalty) can be 6-7% for X3.
How do we calculate the difference in monthly lease amount difference if we put say 7 MSD(or .00049 MF reduction)?
Can you confirm that there is a $1,000 Loyalty Incentive for a 2017 X3 Xdrive for December in addition to the $1,000 Holiday cash and the $1,000 X drive incentive? I am a current BMW lessee and my lease is up in 2 weeks. Thank you for your valuable information.
I'm within a couple dollars of that quote, with those numbers.
MF upcharge is adding close to $30/mo to the payment.
Thanks. Dealer provided more insight into numbers. What I don't understand breakdown of down payment ($2500). What does amount applied upfront mean? and what does it cover?
Can you confirm that there is a $1,000 Loyalty Incentive for a 2017 X3 Xdrive for December in addition to the $1,000 Holiday cash and the $1,000 X drive incentive? I am a current BMW lessee and my lease is up in 2 weeks. Thank you for your valuable information.
We don't have any information about BMW incentives other than any available lease cash.
MSRP 50,500 Selling price: 47500 Residual: 32636 Lease monthly: 543 Tax included(PA) No MSD, No Cap Reduction Acquisition Fee: 925+DMV 135+Doc Fee 135+Tax on Fee 83.25 = Total cash on delivery 1821.39 Money Factor: .00114 Term: 36 months/10K
Please let me know, is this a good to go ?? any room for negotiation?
Do you have a fleet or corporate discount? Because that money factor is below the base number of .00134
Hi Keyjey
Yes, they included corporate fleet discount.
The fleet discount also comes with a $1500 incentive. That makes the dealer discount from MSRP just $1500. I'd expect at least another $1500 off. That would knock the payment down to about $500/mo.
Thanks kyfdx. yes, that make sense, i dint realize corporate discount also included in the selling price.. very good catch. From the earlier discussions in this forum, i understand that normal discount(without corp or any other loyalty) can be 6-7% for X3.
How do we calculate the difference in monthly lease amount difference if we put say 7 MSD(or .00049 MF reduction)?
I'm within a couple dollars of that quote, with those numbers.
MF upcharge is adding close to $30/mo to the payment.
Thanks. Dealer provided more insight into numbers. What I don't understand breakdown of down payment ($2500). What does amount applied upfront mean? and what does it cover?
That is covering your fees and first payment.
Thank you. Is this a good deal if the dealer corrects the MF? Can I do better than this?
I'm within a couple dollars of that quote, with those numbers.
MF upcharge is adding close to $30/mo to the payment.
Thanks. Dealer provided more insight into numbers. What I don't understand breakdown of down payment ($2500). What does amount applied upfront mean? and what does it cover?
That is covering your fees and first payment.
Thank you. Is this a good deal if the dealer corrects the MF? Can I do better than this?
We suggest a discount from sticker of 7% for BMW. Looks like you're getting that.
I'm within a couple dollars of that quote, with those numbers.
MF upcharge is adding close to $30/mo to the payment.
Thanks. Dealer provided more insight into numbers. What I don't understand breakdown of down payment ($2500). What does amount applied upfront mean? and what does it cover?
That is covering your fees and first payment.
Thank you. Is this a good deal if the dealer corrects the MF? Can I do better than this?
We suggest a discount from sticker of 7% for BMW. Looks like you're getting that.
Awesome. I just found out that I can also get a fleet discount through my company. How much difference would that make in monthly payment?
I'm within a couple dollars of that quote, with those numbers.
MF upcharge is adding close to $30/mo to the payment.
Thanks. Dealer provided more insight into numbers. What I don't understand breakdown of down payment ($2500). What does amount applied upfront mean? and what does it cover?
That is covering your fees and first payment.
Thank you. Is this a good deal if the dealer corrects the MF? Can I do better than this?
We suggest a discount from sticker of 7% for BMW. Looks like you're getting that.
Awesome. I just found out that I can also get a fleet discount through my company. How much difference would that make in monthly payment?
I think the fleet discount is $1500 and a .00020 dip in the MF; not sure what that amounts to, payment wise.
MSRP 50,500 Selling price: 47500 Residual: 32636 Lease monthly: 543 Tax included(PA) No MSD, No Cap Reduction Acquisition Fee: 925+DMV 135+Doc Fee 135+Tax on Fee 83.25 = Total cash on delivery 1821.39 Money Factor: .00114 Term: 36 months/10K
Please let me know, is this a good to go ?? any room for negotiation?
Do you have a fleet or corporate discount? Because that money factor is below the base number of .00134
Hi Keyjey
Yes, they included corporate fleet discount.
The fleet discount also comes with a $1500 incentive. That makes the dealer discount from MSRP just $1500. I'd expect at least another $1500 off. That would knock the payment down to about $500/mo.
Thanks kyfdx. yes, that make sense, i dint realize corporate discount also included in the selling price.. very good catch. From the earlier discussions in this forum, i understand that normal discount(without corp or any other loyalty) can be 6-7% for X3.
How do we calculate the difference in monthly lease amount difference if we put say 7 MSD(or .00049 MF reduction)?
About $35/mo.+tax less with MSDs.
Thanks kyfdx
Added 7MSDs and few more discount on MSRP , it came down to ~450 with other criteria remains same. Is this a good deal?
MSRP 50,500 Selling price: 47500 Residual: 32636 Lease monthly: 543 Tax included(PA) No MSD, No Cap Reduction Acquisition Fee: 925+DMV 135+Doc Fee 135+Tax on Fee 83.25 = Total cash on delivery 1821.39 Money Factor: .00114 Term: 36 months/10K
Please let me know, is this a good to go ?? any room for negotiation?
Do you have a fleet or corporate discount? Because that money factor is below the base number of .00134
Hi Keyjey
Yes, they included corporate fleet discount.
The fleet discount also comes with a $1500 incentive. That makes the dealer discount from MSRP just $1500. I'd expect at least another $1500 off. That would knock the payment down to about $500/mo.
Thanks kyfdx. yes, that make sense, i dint realize corporate discount also included in the selling price.. very good catch. From the earlier discussions in this forum, i understand that normal discount(without corp or any other loyalty) can be 6-7% for X3.
How do we calculate the difference in monthly lease amount difference if we put say 7 MSD(or .00049 MF reduction)?
About $35/mo.+tax less with MSDs.
Thanks kyfdx
Added 7MSDs and few more discount on MSRP , it came down to ~450 with other criteria remains same. Is this a good deal?
Has BMW changed how they calculate the residual value on their leases? I am working on a lease for a 2017 X3 and they are using MSRP less the destination fee times the residual value which lowers the RV and increases the capitalized cost. All of my previous leases have been calculated using total MSRP including destination times the RV. Thanks for your help.
Actually it seems that if I exclude the dest fee (975$) from the 51500 MSRP, I get to the same monthly payment of 444$.
Well.. that's your problem. You left the destination out of the MSRP.
It's the full MSRP. The bottom line on the government window sticker.
So, what's the full amount due at signing? Amorphous terms like "just the drive off" is something the dealer says, when they are getting ready to screw you.
Has BMW changed how they calculate the residual value on their leases? I am working on a lease for a 2017 X3 and they are using MSRP less the destination fee times the residual value which lowers the RV and increases the capitalized cost. All of my previous leases have been calculated using total MSRP including destination times the RV. Thanks for your help.
No... the residual calculation is on the full MSRP, including the destination fee.
Maybe, you are mixing up the destination fee with the acquisition fee?
Thank you! Here are the final two offers. Do either look like good deals? I was aiming for around $425/month but the $5,555-$6,070 down seems high but is in line with my current i3 lease.
Selling price: $47,620 Term: 36 month Miles per year: 12,000 Cash due at signing: $6,070.46 ($3,500 MSD) Monthly payments before tax: $426 Monthly payment after tax: $462 Residual: $32,708.20
Selling price: $47,620 Term: 36 month Miles per year: 10,000 Cash due at signing: $5,555.46 ($3,500 MSD) Monthly payments before tax: $ 426 Monthly payment after tax: $462.03 Residual: $33,780.60
Thank you! Here are the final two offers. Do either look like good deals? I was aiming for around $425/month but the $5,555-$6,070 down seems high but is in line with my current i3 lease.
Selling price: $47,620 Term: 36 month Miles per year: 12,000 Cash due at signing: $6,070.46 ($3,500 MSD) Monthly payments before tax: $426 Monthly payment after tax: $462 Residual: $32,708.20
Selling price: $47,620 Term: 36 month Miles per year: 10,000 Cash due at signing: $5,555.46 ($3,500 MSD) Monthly payments before tax: $ 426 Monthly payment after tax: $462.03 Residual: $33,780.60
Money-factor: .00085 (On approved credit)
How much of the cash, less the MSD, is used for cap reduction?
I get $439/mo plus tax for 36/10, $453/mo plus tax for 36/12
I was just provided the general number on what the total due at signing is so I'll get further clarification on what it is composed of. Thanks for the help.
MSRP $50,095 Cap Cost $44,180 $484/mo + tax with $1500 due at signing Residual $32,060 MF .00174 (can range .00134-.00250) 36 months, 10k miles per year
Just to follow up on the cap reduction question..The breakdown for 12k miles per year lease option is below. The total cash due at signing$6,055.46. The scenario they first sent was off by $15).
My sales person is saying to subtract $1,000 because of the loyalty incentive. Cap reduction: $1,459.57 First payment: $463.40 MSD: $3,500 Doc fee: $80 DMV fees: $418 Upfront tax: $209.49 Acquisition fee: $925
Just to follow up on the cap reduction question..The breakdown for 12k miles per year lease option is below. The total cash due at signing$6,055.46. The scenario they first sent was off by $15).
My sales person is saying to subtract $1,000 because of the loyalty incentive. Cap reduction: $1,459.57 First payment: $463.40 MSD: $3,500 Doc fee: $80 DMV fees: $418 Upfront tax: $209.49 Acquisition fee: $925
We suggest you limit the out of pocket to the first payment, the MSD monies, and the doc and DMV fees. Roll everything else into the lease payment.
MSRP $50,095 Cap Cost $44,180 $484/mo + tax with $1500 due at signing Residual $32,060 MF .00174 (can range .00134-.00250) 36 months, 10k miles per year
How does this sound?
.00134 MF is the base rate. Dealer is marking it up to .00174 (which is the maximum allowed), for extra profit.
Comments
MF upcharge is adding close to $30/mo to the payment.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Yes, they included corporate fleet discount.
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yes, that make sense, i dint realize corporate discount also included in the selling price.. very good catch.
From the earlier discussions in this forum, i understand that normal discount(without corp or any other loyalty) can be 6-7% for X3.
How do we calculate the difference in monthly lease amount difference if we put say 7 MSD(or .00049 MF reduction)?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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Added 7MSDs and few more discount on MSRP , it came down to ~450 with other criteria remains same.
Is this a good deal?
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Could you please help me evaluate this deal:
MSRP: 50500,
sell price: 45000
36/15k
with residual=61% and mf = 0.00065 (=0.00134 - 0.002(fleet incent.) - 7MSDs) I get 464$ (tax in). Is that correct?
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It's the full MSRP. The bottom line on the government window sticker.
So, what's the full amount due at signing? Amorphous terms like "just the drive off" is something the dealer says, when they are getting ready to screw you.
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Maybe, you are mixing up the destination fee with the acquisition fee?
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.00085 MF w/7 MSDs.
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What dealer is this? If I'm ever in the market for a BMW, I'll know to avoid them.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Trying to close a deal for 2017 X3 xDrive35i in CA. Here's the numbers I got back from the dealer:
MSRP:60,345
Selling Price: 55,180
$0 Down
36month/12k
$601/month + tax
MF - .00134 (OAC)
Residual - $38,017.35
Min. Driveoff - $2265.25
First payment - $658.77
DMV Fee - $470
CA Tire Fee - $7
Acq Fee - $925
Dealer Doc Fee - $80
Electronic Filing Fee - $29
Tax - $95.48
Wondering if I am getting a good deal before year end.
Thank you.
Looks good from here.
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Still working on the deal.. but here's what I know so far:
MSRP: 53,630
Selling Price: 47,620
Options:
Premium,Technology, XLine, Driver's Assistance, Lighting pkg., Heated seats, Metallic paint,H/K speakers
Thank you & Happy Holidays!
With your prices, $439/mo before tax.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Selling price: $47,620
Term: 36 month
Miles per year: 12,000
Cash due at signing: $6,070.46 ($3,500 MSD)
Monthly payments before tax: $426
Monthly payment after tax: $462
Residual: $32,708.20
Selling price: $47,620
Term: 36 month
Miles per year: 10,000
Cash due at signing: $5,555.46 ($3,500 MSD)
Monthly payments before tax: $ 426
Monthly payment after tax: $462.03
Residual: $33,780.60
Money-factor: .00085 (On approved credit)
I get $439/mo plus tax for 36/10, $453/mo plus tax for 36/12
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2017 X3 xdrive35i
36 months/15k miles a year
MSRP = $58,045
Savings + Rebate = $5,121
Selling Price = $52,924
Proc/Doc Fee = $485
Total Due at Signing = $3,943
Monthly payment = $640.27
What does the nearly $4K in up front costs cover?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MSRP $50,095
Cap Cost $44,180
$484/mo + tax with $1500 due at signing
Residual $32,060
MF .00174 (can range .00134-.00250)
36 months, 10k miles per year
How does this sound?
My sales person is saying to subtract $1,000 because of the loyalty incentive.
Cap reduction: $1,459.57
First payment: $463.40
MSD: $3,500
Doc fee: $80
DMV fees: $418
Upfront tax: $209.49
Acquisition fee: $925
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