Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Did you get a great deal? Let us know in the Values & Prices Paid section!
Meet your fellow owners in our Owners Clubs

2016 BMW 428xi Lease

mxjet830mxjet830 Posts: 22
edited May 2016 in BMW
Just got a lease quote on a 2016 428xi M Sport

MSRP=$ 55,520
Selling Price = $ 51,800
MF = .00138 (3.3% apr)
Residual = $34,422.40 (62%)
36/12k lease term
$617/ month

Also approx $3800 in payment due @ singing. This is taxes paid up front , first month doc fee and so forth.

To me it seems like the money factor is a little high. I also inquired about MSD and it lowered the MF to .00089.

Thanks everyone

Comments

  • kyfdxkyfdx Posts: 128,257
    mxjet830 said:

    Just got a lease quote on a 2016 428xi M Sport

    MSRP=$ 55,520
    Selling Price = $ 51,800
    MF = .00138 (3.3% apr)
    Residual = $34,422.40 (62%)
    36/12k lease term
    $617/ month

    Also approx $3800 in payment due @ singing. This is taxes paid up front , first month doc fee and so forth.

    To me it seems like the money factor is a little high. I also inquired about MSD and it lowered the MF to .00089.

    Thanks everyone

    Those are the correct base money factors.

    If the selling price is the same as the CAP cost, then I get $602/mo.with those numbers. (vs. your $617).
    Making 7 MSDs would lower that number by $42/mo.

    I would ask for a breakdown of the $3800. That seems like a lot, but not knowing your state or tax rate, I would just be guessing.

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

    Edmunds Moderator

  • mxjet830mxjet830 Posts: 22
    kyfdx said:

    mxjet830 said:

    Just got a lease quote on a 2016 428xi M Sport

    MSRP=$ 55,520
    Selling Price = $ 51,800
    MF = .00138 (3.3% apr)
    Residual = $34,422.40 (62%)
    36/12k lease term
    $617/ month

    Also approx $3800 in payment due @ singing. This is taxes paid up front , first month doc fee and so forth.

    To me it seems like the money factor is a little high. I also inquired about MSD and it lowered the MF to .00089.

    Thanks everyone

    Those are the correct base money factors.

    If the selling price is the same as the CAP cost, then I get $602/mo.with those numbers. (vs. your $617).
    Making 7 MSDs would lower that number by $42/mo.

    I would ask for a breakdown of the $3800. That seems like a lot, but not knowing your state or tax rate, I would just be guessing.
    Thanks. I was thinking that the MF was high but than you for the correction I have been looking long and hard for where to find them

    Can you possibly advise me where to find them .
  • kyfdxkyfdx Posts: 128,257
    mxjet830 said:

    kyfdx said:

    mxjet830 said:

    Just got a lease quote on a 2016 428xi M Sport

    MSRP=$ 55,520
    Selling Price = $ 51,800
    MF = .00138 (3.3% apr)
    Residual = $34,422.40 (62%)
    36/12k lease term
    $617/ month

    Also approx $3800 in payment due @ singing. This is taxes paid up front , first month doc fee and so forth.

    To me it seems like the money factor is a little high. I also inquired about MSD and it lowered the MF to .00089.

    Thanks everyone

    Those are the correct base money factors.

    If the selling price is the same as the CAP cost, then I get $602/mo.with those numbers. (vs. your $617).
    Making 7 MSDs would lower that number by $42/mo.

    I would ask for a breakdown of the $3800. That seems like a lot, but not knowing your state or tax rate, I would just be guessing.
    Thanks. I was thinking that the MF was high but than you for the correction I have been looking long and hard for where to find them

    Can you possibly advise me where to find them .
    Money factors are confidential dealer information.

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

    Edmunds Moderator

  • mxjet830mxjet830 Posts: 22
    kyfdx said:

    mxjet830 said:

    kyfdx said:

    mxjet830 said:

    Just got a lease quote on a 2016 428xi M Sport

    MSRP=$ 55,520
    Selling Price = $ 51,800
    MF = .00138 (3.3% apr)
    Residual = $34,422.40 (62%)
    36/12k lease term
    $617/ month

    Also approx $3800 in payment due @ singing. This is taxes paid up front , first month doc fee and so forth.

    To me it seems like the money factor is a little high. I also inquired about MSD and it lowered the MF to .00089.

    Thanks everyone

    Those are the correct base money factors.

    If the selling price is the same as the CAP cost, then I get $602/mo.with those numbers. (vs. your $617).
    Making 7 MSDs would lower that number by $42/mo.

    I would ask for a breakdown of the $3800. That seems like a lot, but not knowing your state or tax rate, I would just be guessing.
    Thanks. I was thinking that the MF was high but than you for the correction I have been looking long and hard for where to find them

    Can you possibly advise me where to find them .
    Money factors are confidential dealer information.
    Thank You for the MF info. This is something that I would assume changes from month to month? Do they usually vary between different manufacturers?

    The $3800 break down was govt fees, taxes up front doc fee and dealer charge plus first months payment.
  • kyfdxkyfdx Posts: 128,257
    mxjet830 said:

    kyfdx said:

    mxjet830 said:

    kyfdx said:

    mxjet830 said:

    Just got a lease quote on a 2016 428xi M Sport

    MSRP=$ 55,520
    Selling Price = $ 51,800
    MF = .00138 (3.3% apr)
    Residual = $34,422.40 (62%)
    36/12k lease term
    $617/ month

    Also approx $3800 in payment due @ singing. This is taxes paid up front , first month doc fee and so forth.

    To me it seems like the money factor is a little high. I also inquired about MSD and it lowered the MF to .00089.

    Thanks everyone

    Those are the correct base money factors.

    If the selling price is the same as the CAP cost, then I get $602/mo.with those numbers. (vs. your $617).
    Making 7 MSDs would lower that number by $42/mo.

    I would ask for a breakdown of the $3800. That seems like a lot, but not knowing your state or tax rate, I would just be guessing.
    Thanks. I was thinking that the MF was high but than you for the correction I have been looking long and hard for where to find them

    Can you possibly advise me where to find them .
    Money factors are confidential dealer information.
    Thank You for the MF info. This is something that I would assume changes from month to month? Do they usually vary between different manufacturers?

    The $3800 break down was govt fees, taxes up front doc fee and dealer charge plus first months payment.
    Yes.. MF can change by month (or, they may not).

    They vary greatly, by make, model, term, etc.

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

    Edmunds Moderator

Sign In or Register to comment.