Hello - Can I get the numbers for 2017 BMW 430i Coupe? I'm in TX, looking at 12k miles per year. Open to 27 or 36 months, are the numbers better on one over the other?
Also - any cash lease rebates available right now for the 2017 4 series? Thank you!!
Hello - Can I get the numbers for 2017 BMW 430i Coupe? I'm in TX, looking at 12k miles per year. Open to 27 or 36 months, are the numbers better on one over the other?
Also - any cash lease rebates available right now for the 2017 4 series? Thank you!!
Hello can someone help me out and give me thoughts on this?
BMW 440i 2017 Gran Coupe MSRP 59k Got the price to 55,600 12k/36 month lease 5000 down They are telling me MF of 0.0134 with a residual of 60%.
They also stated this: "Documentation fees including dealer fees of $789, Tag if New (450 - 298+15 new decal|| private tag agency fee) 6.50 Tire and lemon law fee " when I asked for acquisition and doc fee.
Hello can someone help me out and give me thoughts on this?
BMW 440i 2017 Gran Coupe MSRP 59k Got the price to 55,600 12k/36 month lease 5000 down They are telling me MF of 0.0134 with a residual of 60%.
They also stated this: "Documentation fees including dealer fees of $789, Tag if New (450 - 298+15 new decal|| private tag agency fee) 6.50 Tire and lemon law fee " when I asked for acquisition and doc fee.
They are stating 650 per month.
Thoughts?
Thank you very much!
MF and residual are correct.
Using your MSRP and selling price, I get $683/mo, before tax.
How does the $5000 fully break down - my guess is that some of it is going to cap reduction, as the dealer quote is less than my calculation.
Hello can someone help me out and give me thoughts on this?
BMW 440i 2017 Gran Coupe MSRP 59k Got the price to 55,600 12k/36 month lease 5000 down They are telling me MF of 0.0134 with a residual of 60%.
They also stated this: "Documentation fees including dealer fees of $789, Tag if New (450 - 298+15 new decal|| private tag agency fee) 6.50 Tire and lemon law fee " when I asked for acquisition and doc fee.
They are stating 650 per month.
Thoughts?
Thank you very much!
MF and residual are correct.
Using your MSRP and selling price, I get $683/mo, before tax.
How does the $5000 fully break down - my guess is that some of it is going to cap reduction, as the dealer quote is less than my calculation.
Dealer fee is pretty high - what state is this?
Hello! Thanks for your response. I'm not sure how the 5000 fully breaks down - what do you mean by that? Honestly I have never leased, and I'm actually going to see them face to face tomorrow. This is FL.
I got this formula from a website: If the residual value is "R" ; R = MSRP x Residual (%) The Capital cost (sales price) is "C" Money Factor is "MF" Down payment is "D" Lease term is "N" ; number of months (ie 36 or 39) Monthly depreciation fee "MD" = (C-D-R)/N Monthly lease fee "ML" = MF * (C-D+R) Then the monthly lease payment= MD +ML + tax Drive off : The upfront money including all other fees ( bank fee , acquisition fee, license fee, etc) + first month payment
For example. MSRP =100k Capital cost (sales price after 10k discount) = 90k MF = 0.0013 Residual = 60% = 60k lease term = 36 months Down payment = 0 other fees = 2K tax = 8%
Hello can someone help me out and give me thoughts on this?
BMW 440i 2017 Gran Coupe MSRP 59k Got the price to 55,600 12k/36 month lease 5000 down They are telling me MF of 0.0134 with a residual of 60%.
They also stated this: "Documentation fees including dealer fees of $789, Tag if New (450 - 298+15 new decal|| private tag agency fee) 6.50 Tire and lemon law fee " when I asked for acquisition and doc fee.
They are stating 650 per month.
Thoughts?
Thank you very much!
MF and residual are correct.
Using your MSRP and selling price, I get $683/mo, before tax.
How does the $5000 fully break down - my guess is that some of it is going to cap reduction, as the dealer quote is less than my calculation.
Dealer fee is pretty high - what state is this?
Hello! Thanks for your response. I'm not sure how the 5000 fully breaks down - what do you mean by that? Honestly I have never leased, and I'm actually going to see them face to face tomorrow. This is FL.
I got this formula from a website: If the residual value is "R" ; R = MSRP x Residual (%) The Capital cost (sales price) is "C" Money Factor is "MF" Down payment is "D" Lease term is "N" ; number of months (ie 36 or 39) Monthly depreciation fee "MD" = (C-D-R)/N Monthly lease fee "ML" = MF * (C-D+R) Then the monthly lease payment= MD +ML + tax Drive off : The upfront money including all other fees ( bank fee , acquisition fee, license fee, etc) + first month payment
For example. MSRP =100k Capital cost (sales price after 10k discount) = 90k MF = 0.0013 Residual = 60% = 60k lease term = 36 months Down payment = 0 other fees = 2K tax = 8%
Hello can someone help me out and give me thoughts on this?
BMW 440i 2017 Gran Coupe MSRP 59k Got the price to 55,600 12k/36 month lease 5000 down They are telling me MF of 0.0134 with a residual of 60%.
They also stated this: "Documentation fees including dealer fees of $789, Tag if New (450 - 298+15 new decal|| private tag agency fee) 6.50 Tire and lemon law fee " when I asked for acquisition and doc fee.
They are stating 650 per month.
Thoughts?
Thank you very much!
MF and residual are correct.
Using your MSRP and selling price, I get $683/mo, before tax.
How does the $5000 fully break down - my guess is that some of it is going to cap reduction, as the dealer quote is less than my calculation.
Dealer fee is pretty high - what state is this?
Hello! Thanks for your response. I'm not sure how the 5000 fully breaks down - what do you mean by that? Honestly I have never leased, and I'm actually going to see them face to face tomorrow. This is FL.
I got this formula from a website: If the residual value is "R" ; R = MSRP x Residual (%) The Capital cost (sales price) is "C" Money Factor is "MF" Down payment is "D" Lease term is "N" ; number of months (ie 36 or 39) Monthly depreciation fee "MD" = (C-D-R)/N Monthly lease fee "ML" = MF * (C-D+R) Then the monthly lease payment= MD +ML + tax Drive off : The upfront money including all other fees ( bank fee , acquisition fee, license fee, etc) + first month payment
For example. MSRP =100k Capital cost (sales price after 10k discount) = 90k MF = 0.0013 Residual = 60% = 60k lease term = 36 months Down payment = 0 other fees = 2K tax = 8%
Note: according to tax, this calculation is based on CA tax which is tax on lease cost. some states calculate the tax based on whole capital cost.
If above is true I calculated my lease to be around 560 a month... What is going on? Confusion. Thanks for the help!
Your math is correct.
The up front monies will be any taxes or fees you don't add into the cap cost, and may also include any cap reduction (aka down payment).
Our recommendation is to add any non-government fees into the cap cost, and not make a cap reduction.
So if I may ask how did you get 683 then? Is the dealer if I go with this specific deal likely to honor my calculation of 560? I mean they should if the formula is correct right?
So you're saying that I should add acquisition fee, etc to the C value and decrease my D (down payment) value? What's the story/strategy behind this?
Hello can someone help me out and give me thoughts on this?
BMW 440i 2017 Gran Coupe MSRP 59k Got the price to 55,600 12k/36 month lease 5000 down They are telling me MF of 0.0134 with a residual of 60%.
They also stated this: "Documentation fees including dealer fees of $789, Tag if New (450 - 298+15 new decal|| private tag agency fee) 6.50 Tire and lemon law fee " when I asked for acquisition and doc fee.
They are stating 650 per month.
Thoughts?
Thank you very much!
MF and residual are correct.
Using your MSRP and selling price, I get $683/mo, before tax.
How does the $5000 fully break down - my guess is that some of it is going to cap reduction, as the dealer quote is less than my calculation.
Dealer fee is pretty high - what state is this?
Hello! Thanks for your response. I'm not sure how the 5000 fully breaks down - what do you mean by that? Honestly I have never leased, and I'm actually going to see them face to face tomorrow. This is FL.
I got this formula from a website: If the residual value is "R" ; R = MSRP x Residual (%) The Capital cost (sales price) is "C" Money Factor is "MF" Down payment is "D" Lease term is "N" ; number of months (ie 36 or 39) Monthly depreciation fee "MD" = (C-D-R)/N Monthly lease fee "ML" = MF * (C-D+R) Then the monthly lease payment= MD +ML + tax Drive off : The upfront money including all other fees ( bank fee , acquisition fee, license fee, etc) + first month payment
For example. MSRP =100k Capital cost (sales price after 10k discount) = 90k MF = 0.0013 Residual = 60% = 60k lease term = 36 months Down payment = 0 other fees = 2K tax = 8%
Note: according to tax, this calculation is based on CA tax which is tax on lease cost. some states calculate the tax based on whole capital cost.
If above is true I calculated my lease to be around 560 a month... What is going on? Confusion. Thanks for the help!
Your math is correct.
The up front monies will be any taxes or fees you don't add into the cap cost, and may also include any cap reduction (aka down payment).
Our recommendation is to add any non-government fees into the cap cost, and not make a cap reduction.
So if I may ask how did you get 683 then? Is the dealer if I go with this specific deal likely to honor my calculation of 560? I mean they should if the formula is correct right?
So you're saying that I should add acquisition fee, etc to the C value and decrease my D (down payment) value? What's the story/strategy behind this?
Thanks!
How did you get $560?
Yes, increase C and decrease D - it minimizes your up front cost, since those fees are taxable anyway, might as well put it into the monthly payment.
Hello can someone help me out and give me thoughts on this?
BMW 440i 2017 Gran Coupe MSRP 59k Got the price to 55,600 12k/36 month lease 5000 down They are telling me MF of 0.0134 with a residual of 60%.
They also stated this: "Documentation fees including dealer fees of $789, Tag if New (450 - 298+15 new decal|| private tag agency fee) 6.50 Tire and lemon law fee " when I asked for acquisition and doc fee.
They are stating 650 per month.
Thoughts?
Thank you very much!
MF and residual are correct.
Using your MSRP and selling price, I get $683/mo, before tax.
How does the $5000 fully break down - my guess is that some of it is going to cap reduction, as the dealer quote is less than my calculation.
Dealer fee is pretty high - what state is this?
Hello! Thanks for your response. I'm not sure how the 5000 fully breaks down - what do you mean by that? Honestly I have never leased, and I'm actually going to see them face to face tomorrow. This is FL.
I got this formula from a website: If the residual value is "R" ; R = MSRP x Residual (%) The Capital cost (sales price) is "C" Money Factor is "MF" Down payment is "D" Lease term is "N" ; number of months (ie 36 or 39) Monthly depreciation fee "MD" = (C-D-R)/N Monthly lease fee "ML" = MF * (C-D+R) Then the monthly lease payment= MD +ML + tax Drive off : The upfront money including all other fees ( bank fee , acquisition fee, license fee, etc) + first month payment
For example. MSRP =100k Capital cost (sales price after 10k discount) = 90k MF = 0.0013 Residual = 60% = 60k lease term = 36 months Down payment = 0 other fees = 2K tax = 8%
Note: according to tax, this calculation is based on CA tax which is tax on lease cost. some states calculate the tax based on whole capital cost.
If above is true I calculated my lease to be around 560 a month... What is going on? Confusion. Thanks for the help!
Your math is correct.
The up front monies will be any taxes or fees you don't add into the cap cost, and may also include any cap reduction (aka down payment).
Our recommendation is to add any non-government fees into the cap cost, and not make a cap reduction.
So if I may ask how did you get 683 then? Is the dealer if I go with this specific deal likely to honor my calculation of 560? I mean they should if the formula is correct right?
So you're saying that I should add acquisition fee, etc to the C value and decrease my D (down payment) value? What's the story/strategy behind this?
Thanks!
How did you get $560?
Yes, increase C and decrease D - it minimizes your up front cost, since those fees are taxable anyway, might as well put it into the monthly payment.
So,
MSRP 59545 (actually not 59k I'm sorry about that) Cap cost: 55600 Residual 60% Money Factor 0.00134 12k lease / 36 months
How's that looking? Will they honor that (because they stated 650 and I don't know how the heck they got that number)?
I understand what you mean by decreasing the down payment, but if I don't mind paying the 5k to keep monthly costs down it's not like I'm losing money by not doing your strategy is that correct?
Btw, thank you for your help it has been of tremendous value!
You can't deduct the full $5000 from the selling price, if part of it is going to cover items not in the CAP cost. So, your depreciation fee is likely higher. You have to find out what is coming out of the $5000, before applying the rest to CAP cost reduction. That should result in the "adjusted CAP cost", and that's the number you use to calculate the depreciation and the rent (not the selling price).
You have title/registration/doc fees and an acquisition fee. That's probably $1600, at least.
Until you get all of the numbers, it's just a guess.
Hello can someone help me out and give me thoughts on this?
BMW 440i 2017 Gran Coupe MSRP 59k Got the price to 55,600 12k/36 month lease 5000 down They are telling me MF of 0.0134 with a residual of 60%.
They also stated this: "Documentation fees including dealer fees of $789, Tag if New (450 - 298+15 new decal|| private tag agency fee) 6.50 Tire and lemon law fee " when I asked for acquisition and doc fee.
They are stating 650 per month.
Thoughts?
Thank you very much!
MF and residual are correct.
Using your MSRP and selling price, I get $683/mo, before tax.
How does the $5000 fully break down - my guess is that some of it is going to cap reduction, as the dealer quote is less than my calculation.
Dealer fee is pretty high - what state is this?
Hello! Thanks for your response. I'm not sure how the 5000 fully breaks down - what do you mean by that? Honestly I have never leased, and I'm actually going to see them face to face tomorrow. This is FL.
I got this formula from a website: If the residual value is "R" ; R = MSRP x Residual (%) The Capital cost (sales price) is "C" Money Factor is "MF" Down payment is "D" Lease term is "N" ; number of months (ie 36 or 39) Monthly depreciation fee "MD" = (C-D-R)/N Monthly lease fee "ML" = MF * (C-D+R) Then the monthly lease payment= MD +ML + tax Drive off : The upfront money including all other fees ( bank fee , acquisition fee, license fee, etc) + first month payment
For example. MSRP =100k Capital cost (sales price after 10k discount) = 90k MF = 0.0013 Residual = 60% = 60k lease term = 36 months Down payment = 0 other fees = 2K tax = 8%
Note: according to tax, this calculation is based on CA tax which is tax on lease cost. some states calculate the tax based on whole capital cost.
If above is true I calculated my lease to be around 560 a month... What is going on? Confusion. Thanks for the help!
Your math is correct.
The up front monies will be any taxes or fees you don't add into the cap cost, and may also include any cap reduction (aka down payment).
Our recommendation is to add any non-government fees into the cap cost, and not make a cap reduction.
So if I may ask how did you get 683 then? Is the dealer if I go with this specific deal likely to honor my calculation of 560? I mean they should if the formula is correct right?
So you're saying that I should add acquisition fee, etc to the C value and decrease my D (down payment) value? What's the story/strategy behind this?
Thanks!
How did you get $560?
Yes, increase C and decrease D - it minimizes your up front cost, since those fees are taxable anyway, might as well put it into the monthly payment.
So,
MSRP 59545 (actually not 59k I'm sorry about that) Cap cost: 55600 Residual 60% Money Factor 0.00134 12k lease / 36 months
How's that looking? Will they honor that (because they stated 650 and I don't know how the heck they got that number)?
I understand what you mean by decreasing the down payment, but if I don't mind paying the 5k to keep monthly costs down it's not like I'm losing money by not doing your strategy is that correct?
Btw, thank you for your help it has been of tremendous value!
Any money you use as a cap reduction would be lost if the car is stolen or totaled before the lease is up. GAP coverage will take care of any remaining obligations, but a lease is not like a purchase.
Hello, May I ask about 2017 428xi GC MF and RV numbers? and also any thought about this number from dealer. I am in Seattle, WA (9.5 sales tax)
MSRP: $48,075 AutoNation Price: $45,325 560(include tax) / 5k due at signing. 32/12k is it correct?
Thank you so much!!!
.00134 and 60% for 36/12.
What is the breakdown of the $5K?
If the selling price is the cap cost, I get $610/mo with tax. Therefore, $1800 of the $5K is cap reduction. We recommend against that - if the car is stolen or totaled, you lose that money.
You should negotiate a bigger discount from sticker - 7% is a good starting point for BMW ($44,700 or so).
Hello, What is the current MF and residuals for a 2017 430XI convertible in NJ on a 36/12 and 36/15. Also are there any special incentives or terms (33?).
Hello, What is the current MF and residuals for a 2017 430XI convertible in NJ on a 36/12 and 36/15. Also are there any special incentives or terms (33?).
Hello, What is the current MF and residuals for a 2017 430XI convertible in NJ on a 36/12 and 36/15. Also are there any special incentives or terms (33?).
Thank you.
No special terms. The 33 month program for convertibles was just for a couple months.
I live in Florida and I am looking at leasing a 2017 440i Convertible. Which fees do you suggest paying up front (i.e., not including them in the lease payment)?
I live in Florida and I am looking at leasing a 2017 440i Convertible. Which fees do you suggest paying up front (i.e., not including them in the lease payment)?
Taxable fees (~70)
Documentation fee (~$600)
Tax (~$170)
Non Tax Fees (~200)
Thanks!
Non tax fees only. Everything else should go into the payment.
Guys, the current lease for 2017 430i coupe @389/month with 3k downpayment and 925 acquisition fee. Does this seem reasonable? With the current 61-68% RV and 0.00135 MF it doesn't even come close to this @ 45k MSRP. What am I missing
Thanks
Fine Print
Offer not valid in Puerto Rico. Lease financing available on a new 2017 BMW 430i Coupe from participating BMW centers on leases assigned to BMW Financial Services through January 03, 2017. Monthly lease payments of $389.00 for 36 months based on MSRP of $44,795.00. $4,314.00 cash due at signing is based on $3,000.00 down payment, $389.00 first month payment, $925.00 acquisition fee,and $0.00 security deposit (not all customers will qualify for security deposit waiver). Tax, title, license, registration and dealer fees are additional fees due at signing. Program available from participating BMW dealers to eligible, qualified customers with excellent credit history who meet BMW Financial Services credit requirements. Payments do not include applicable taxes. All figures presented are examples only. Actual MSRP may vary. Lessee responsible for insurance during the lease term and any excess wear and tear as defined in the lease contract, $0.25/mile over 10,000 miles per year and a disposition fee of $350 at lease end. Purchase option at lease end (excluding tax, title, and other government fees) is $27,325.00. Offer valid through January 03, 2017 and may be combined with other offers unless otherwise stated. Qualified rate lock applicants must take delivery within 60 days of initial lock. An additional Corporate Fleet Incentive of $1,500 is applied. All Credits valid through January 03, 2017. Credits may be combined with other offers unless otherwise stated. Visit your authorized BMW center for important details. Models pictured in advertisements may be shown with metallic paint and/or additional equipment.
Guys, the current lease for 2017 430i coupe @389/month with 3k downpayment and 925 acquisition fee. Does this seem reasonable? With the current 61-68% RV and 0.00135 MF it doesn't even come close to this @ 45k MSRP. What am I missing
Thanks
Fine Print
Offer not valid in Puerto Rico. Lease financing available on a new 2017 BMW 430i Coupe from participating BMW centers on leases assigned to BMW Financial Services through January 03, 2017. Monthly lease payments of $389.00 for 36 months based on MSRP of $44,795.00. $4,314.00 cash due at signing is based on $3,000.00 down payment, $389.00 first month payment, $925.00 acquisition fee,and $0.00 security deposit (not all customers will qualify for security deposit waiver). Tax, title, license, registration and dealer fees are additional fees due at signing. Program available from participating BMW dealers to eligible, qualified customers with excellent credit history who meet BMW Financial Services credit requirements. Payments do not include applicable taxes. All figures presented are examples only. Actual MSRP may vary. Lessee responsible for insurance during the lease term and any excess wear and tear as defined in the lease contract, $0.25/mile over 10,000 miles per year and a disposition fee of $350 at lease end. Purchase option at lease end (excluding tax, title, and other government fees) is $27,325.00. Offer valid through January 03, 2017 and may be combined with other offers unless otherwise stated. Qualified rate lock applicants must take delivery within 60 days of initial lock. An additional Corporate Fleet Incentive of $1,500 is applied. All Credits valid through January 03, 2017. Credits may be combined with other offers unless otherwise stated. Visit your authorized BMW center for important details. Models pictured in advertisements may be shown with metallic paint and/or additional equipment.
There is a "dealer contribution" needed (aka discount from MSRP) as part of the deal.
However, we don't recommend putting money down on a lease - it's lost if the car is stolen or totaled.
Guys, the current lease for 2017 430i coupe @389/month with 3k downpayment and 925 acquisition fee. Does this seem reasonable? With the current 61-68% RV and 0.00135 MF it doesn't even come close to this @ 45k MSRP. What am I missing
Thanks
Fine Print
Offer not valid in Puerto Rico. Lease financing available on a new 2017 BMW 430i Coupe from participating BMW centers on leases assigned to BMW Financial Services through January 03, 2017. Monthly lease payments of $389.00 for 36 months based on MSRP of $44,795.00. $4,314.00 cash due at signing is based on $3,000.00 down payment, $389.00 first month payment, $925.00 acquisition fee,and $0.00 security deposit (not all customers will qualify for security deposit waiver). Tax, title, license, registration and dealer fees are additional fees due at signing. Program available from participating BMW dealers to eligible, qualified customers with excellent credit history who meet BMW Financial Services credit requirements. Payments do not include applicable taxes. All figures presented are examples only. Actual MSRP may vary. Lessee responsible for insurance during the lease term and any excess wear and tear as defined in the lease contract, $0.25/mile over 10,000 miles per year and a disposition fee of $350 at lease end. Purchase option at lease end (excluding tax, title, and other government fees) is $27,325.00. Offer valid through January 03, 2017 and may be combined with other offers unless otherwise stated. Qualified rate lock applicants must take delivery within 60 days of initial lock. An additional Corporate Fleet
Incentive of $1,500 is applied. All Credits valid through January 03, 2017. Credits may be combined with other offers unless otherwise stated. Visit your authorized BMW center for important details. Models pictured in advertisements may be shown with metallic paint and/or additional equipment.
There is a "dealer contribution" needed (aka discount from MSRP) as part of the deal.
However, we don't recommend putting money down on a lease - it's lost if the car is stolen or totaled.
.00134 and 61% for 36/10
So provided dealer agrees is this a good deal. I would still negotiate the price down but in either case the quoted lease monthly rate is still 60 less than that on the BMW site.
Guys, the current lease for 2017 430i coupe @389/month with 3k downpayment and 925 acquisition fee. Does this seem reasonable? With the current 61-68% RV and 0.00135 MF it doesn't even come close to this @ 45k MSRP. What am I missing
Thanks
Fine Print
Offer not valid in Puerto Rico. Lease financing available on a new 2017 BMW 430i Coupe from participating BMW centers on leases assigned to BMW Financial Services through January 03, 2017. Monthly lease payments of $389.00 for 36 months based on MSRP of $44,795.00. $4,314.00 cash due at signing is based on $3,000.00 down payment, $389.00 first month payment, $925.00 acquisition fee,and $0.00 security deposit (not all customers will qualify for security deposit waiver). Tax, title, license, registration and dealer fees are additional fees due at signing. Program available from participating BMW dealers to eligible, qualified customers with excellent credit history who meet BMW Financial Services credit requirements. Payments do not include applicable taxes. All figures presented are examples only. Actual MSRP may vary. Lessee responsible for insurance during the lease term and any excess wear and tear as defined in the lease contract, $0.25/mile over 10,000 miles per year and a disposition fee of $350 at lease end. Purchase option at lease end (excluding tax, title, and other government fees) is $27,325.00. Offer valid through January 03, 2017 and may be combined with other offers unless otherwise stated. Qualified rate lock applicants must take delivery within 60 days of initial lock. An additional Corporate Fleet
Incentive of $1,500 is applied. All Credits valid through January 03, 2017. Credits may be combined with other offers unless otherwise stated. Visit your authorized BMW center for important details. Models pictured in advertisements may be shown with metallic paint and/or additional equipment.
There is a "dealer contribution" needed (aka discount from MSRP) as part of the deal.
However, we don't recommend putting money down on a lease - it's lost if the car is stolen or totaled.
.00134 and 61% for 36/10
So provided dealer agrees is this a good deal. I would still negotiate the price down but in either case the quoted lease monthly rate is still 60 less than that on the BMW site.
Guys, the current lease for 2017 430i coupe @389/month with 3k downpayment and 925 acquisition fee. Does this seem reasonable? With the current 61-68% RV and 0.00135 MF it doesn't even come close to this @ 45k MSRP. What am I missing
Thanks
Fine Print
Offer not valid in Puerto Rico. Lease financing available on a new 2017 BMW 430i Coupe from participating BMW centers on leases assigned to BMW Financial Services through January 03, 2017. Monthly lease payments of $389.00 for 36 months based on MSRP of $44,795.00. $4,314.00 cash due at signing is based on $3,000.00 down payment, $389.00 first month payment, $925.00 acquisition fee,and $0.00 security deposit (not all customers will qualify for security deposit waiver). Tax, title, license, registration and dealer fees are additional fees due at signing. Program available from participating BMW dealers to eligible, qualified customers with excellent credit history who meet BMW Financial Services credit requirements. Payments do not include applicable taxes. All figures presented are examples only. Actual MSRP may vary. Lessee responsible for insurance during the lease term and any excess wear and tear as defined in the lease contract, $0.25/mile over 10,000 miles per year and a disposition fee of $350 at lease end. Purchase option at lease end (excluding tax, title, and other government fees) is $27,325.00. Offer valid through January 03, 2017 and may be combined with other offers unless otherwise stated. Qualified rate lock applicants must take delivery within 60 days of initial lock. An additional Corporate Fleet Incentive of $1,500 is applied. All Credits valid through January 03, 2017. Credits may be combined with other offers unless otherwise stated. Visit your authorized BMW center for important details. Models pictured in advertisements may be shown with metallic paint and/or additional equipment.
There is a "dealer contribution" needed (aka discount from MSRP) as part of the deal.
However, we don't recommend putting money down on a lease - it's lost if the car is stolen or totaled.
.00134 and 61% for 36/10
So provided dealer agrees is this a good deal. I would still negotiate the price down but in either case the quoted lease monthly rate is still 60 less than that on the BMW site.
The difference between that deal and the one on the website is the "$1500 corporate fleet incentive". That also comes with a .00020 money factor discount. Do you qualify for the fleet program?
Guys, the current lease for 2017 430i coupe @389/month with 3k downpayment and 925 acquisition fee. Does this seem reasonable? With the current 61-68% RV and 0.00135 MF it doesn't even come close to this @ 45k MSRP. What am I missing
Thanks
Fine Print
Offer not valid in Puerto Rico. Lease financing available on a new 2017 BMW 430i Coupe from participating BMW centers on leases assigned to BMW Financial Services through January 03, 2017. Monthly lease payments of $389.00 for 36 months based on MSRP of $44,795.00. $4,314.00 cash due at signing is based on $3,000.00 down payment, $389.00 first month payment, $925.00 acquisition fee,and $0.00 security deposit (not all customers will qualify for security deposit waiver). Tax, title, license, registration and dealer fees are additional fees due at signing. Program available from participating BMW dealers to eligible, qualified customers with excellent credit history who meet BMW Financial Services credit requirements. Payments do not include applicable taxes. All figures presented are examples only. Actual MSRP may vary. Lessee responsible for insurance during the lease term and any excess wear and tear as defined in the lease contract, $0.25/mile over 10,000 miles per year and a disposition fee of $350 at lease end. Purchase option at lease end (excluding tax, title, and other government fees) is $27,325.00. Offer valid through January 03, 2017 and may be combined with other offers unless otherwise stated. Qualified rate lock applicants must take delivery within 60 days of initial lock. An additional Corporate Fleet Incentive of $1,500 is applied. All Credits valid through January 03, 2017. Credits may be combined with other offers unless otherwise stated. Visit your authorized BMW center for important details. Models pictured in advertisements may be shown with metallic paint and/or additional equipment.
There is a "dealer contribution" needed (aka discount from MSRP) as part of the deal.
However, we don't recommend putting money down on a lease - it's lost if the car is stolen or totaled.
.00134 and 61% for 36/10
So provided dealer agrees is this a good deal. I would still negotiate the price down but in either case the quoted lease monthly rate is still 60 less than that on the BMW site.
The difference between that deal and the one on the website is the "$1500 corporate fleet incentive". That also comes with a .00020 money factor discount. Do you qualify for the fleet program?
Its from our corporate site, so I am assuming I qualify as I don't see any other conditions. But even without the corporate discount, with the msrp of 44695 and mf 0.00135 and rv around 61% it still doesn't come to the $499 they are asking for on the website (open to everyone) right? I think interst rate comes to about 2.8% i.e. 0.0012MF.
Guys, the current lease for 2017 430i coupe @389/month with 3k downpayment and 925 acquisition fee. Does this seem reasonable? With the current 61-68% RV and 0.00135 MF it doesn't even come close to this @ 45k MSRP. What am I missing
Thanks
Fine Print
Offer not valid in Puerto Rico. Lease financing available on a new 2017 BMW 430i Coupe from participating BMW centers on leases assigned to BMW Financial Services through January 03, 2017. Monthly lease payments of $389.00 for 36 months based on MSRP of $44,795.00. $4,314.00 cash due at signing is based on $3,000.00 down payment, $389.00 first month payment, $925.00 acquisition fee,and $0.00 security deposit (not all customers will qualify for security deposit waiver). Tax, title, license, registration and dealer fees are additional fees due at signing. Program available from participating BMW dealers to eligible, qualified customers with excellent credit history who meet BMW Financial Services credit requirements. Payments do not include applicable taxes. All figures presented are examples only. Actual MSRP may vary. Lessee responsible for insurance during the lease term and any excess wear and tear as defined in the lease contract, $0.25/mile over 10,000 miles per year and a disposition fee of $350 at lease end. Purchase option at lease end (excluding tax, title, and other government fees) is $27,325.00. Offer valid through January 03, 2017 and may be combined with other offers unless otherwise stated. Qualified rate lock applicants must take delivery within 60 days of initial lock. An additional Corporate Fleet Incentive of $1,500 is applied. All Credits valid through January 03, 2017. Credits may be combined with other offers unless otherwise stated. Visit your authorized BMW center for important details. Models pictured in advertisements may be shown with metallic paint and/or additional equipment.
There is a "dealer contribution" needed (aka discount from MSRP) as part of the deal.
However, we don't recommend putting money down on a lease - it's lost if the car is stolen or totaled.
.00134 and 61% for 36/10
So provided dealer agrees is this a good deal. I would still negotiate the price down but in either case the quoted lease monthly rate is still 60 less than that on the BMW site.
The difference between that deal and the one on the website is the "$1500 corporate fleet incentive". That also comes with a .00020 money factor discount. Do you qualify for the fleet program?
Its from our corporate site, so I am assuming I qualify as I don't see any other conditions. But even without the corporate discount, with the msrp of 44695 and mf 0.00135 and rv around 61% it still doesn't come to the $499 they are asking for on the website (open to everyone) right? I think interst rate comes to about 2.8% i.e. 0.0012MF.
The numbers for the fleet incentive are .00114 MF and 61% residual for 36/10.
The deal above assumes a dealer discount from MSRP that isn't disclosed. That's why you can't make the calculations work. You don't have all of the variables.
Hi, i am looking at BMW 2017 x430i Convertible for 36 months 10/12K miles and i live in California. What would be the MF and Residual for this spec please ?
On a total MSRP of $69,257, with discount it came down to $64,410. With $4,000 as total drive off, got $806 (inc taxes) per month lease @ 36 months/10k miles, is this good ?
Hi, i am looking at BMW 2017 x430i Convertible for 36 months 10/12K miles and i live in California. What would be the MF and Residual for this spec please ?
On a total MSRP of $69,257, with discount it came down to $64,410. With $4,000 as total drive off, got $806 (inc taxes) per month lease @ 36 months/10k miles, is this good ?
.00134 and 61% / 60%
What is the full breakdown of the $4000 up front cash? I'm pretty certain some of it is cap reduction (down payment), which we advise against.
Using your prices, as is, I get $759/mo before tax, $827/mo after (assuming a tax rate of 7.5%)
You are getting 7% off sticker, which is good for BMW.
Guys, the current lease for 2017 430i coupe @389/month with 3k downpayment and 925 acquisition fee. Does this seem reasonable? With the current 61-68% RV and 0.00135 MF it doesn't even come close to this @ 45k MSRP. What am I missing
Thanks
Fine Print
Offer not valid in Puerto Rico. Lease financing available on a new 2017 BMW 430i Coupe from participating BMW centers on leases assigned to BMW Financial Services through January 03, 2017. Monthly lease payments of $389.00 for 36 months based on MSRP of $44,795.00. $4,314.00 cash due at signing is based on $3,000.00 down payment, $389.00 first month payment, $925.00 acquisition fee,and $0.00 security deposit (not all customers will qualify for security deposit waiver). Tax, title, license, registration and dealer fees are additional fees due at signing. Program available from participating BMW dealers to eligible, qualified customers with excellent credit history who meet BMW Financial Services credit requirements. Payments do not include applicable taxes. All figures presented are examples only. Actual MSRP may vary. Lessee responsible for insurance during the lease term and any excess wear and tear as defined in the lease contract, $0.25/mile over 10,000 miles per year and a disposition fee of $350 at lease end. Purchase option at lease end (excluding tax, title, and other government fees) is $27,325.00. Offer valid through January 03, 2017 and may be combined with other offers unless otherwise stated. Qualified rate lock applicants must take delivery within 60 days of initial lock. An additional Corporate Fleet Incentive of $1,500 is applied. All Credits valid through January 03, 2017. Credits may be combined with other offers unless otherwise stated. Visit your authorized BMW center for important details. Models pictured in advertisements may be shown with metallic paint and/or additional equipment.
There is a "dealer contribution" needed (aka discount from MSRP) as part of the deal.
However, we don't recommend putting money down on a lease - it's lost if the car is stolen or totaled.
.00134 and 61% for 36/10
So provided dealer agrees is this a good deal. I would still negotiate the price down but in either case the quoted lease monthly rate is still 60 less than that on the BMW site.
The difference between that deal and the one on the website is the "$1500 corporate fleet incentive". That also comes with a .00020 money factor discount. Do you qualify for the fleet program?
Its from our corporate site, so I am assuming I qualify as I don't see any other conditions. But even without the corporate discount, with the msrp of 44695 and mf 0.00135 and rv around 61% it still doesn't come to the $499 they are asking for on the website (open to everyone) right? I think interst rate comes to about 2.8% i.e. 0.0012MF.
The numbers for the fleet incentive are .00114 MF and 61% residual for 36/10.
The deal above assumes a dealer discount from MSRP that isn't disclosed. That's why you can't make the calculations work. You don't have all of the variables.
interesting .. so you think its worth pursuing this.. if so what should i be asking for? Thanks for the advice.
Guys, the current lease for 2017 430i coupe @389/month with 3k downpayment and 925 acquisition fee. Does this seem reasonable? With the current 61-68% RV and 0.00135 MF it doesn't even come close to this @ 45k MSRP. What am I missing
Thanks
Fine Print
Offer not valid in Puerto Rico. Lease financing available on a new 2017 BMW 430i Coupe from participating BMW centers on leases assigned to BMW Financial Services through January 03, 2017. Monthly lease payments of $389.00 for 36 months based on MSRP of $44,795.00. $4,314.00 cash due at signing is based on $3,000.00 down payment, $389.00 first month payment, $925.00 acquisition fee,and $0.00 security deposit (not all customers will qualify for security deposit waiver). Tax, title, license, registration and dealer fees are additional fees due at signing. Program available from participating BMW dealers to eligible, qualified customers with excellent credit history who meet BMW Financial Services credit requirements. Payments do not include applicable taxes. All figures presented are examples only. Actual MSRP may vary. Lessee responsible for insurance during the lease term and any excess wear and tear as defined in the lease contract, $0.25/mile over 10,000 miles per year and a disposition fee of $350 at lease end. Purchase option at lease end (excluding tax, title, and other government fees) is $27,325.00. Offer valid through January 03, 2017 and may be combined with other offers unless otherwise stated. Qualified rate lock applicants must take delivery within 60 days of initial lock. An additional Corporate Fleet Incentive of $1,500 is applied. All Credits valid through January 03, 2017. Credits may be combined with other offers unless otherwise stated. Visit your authorized BMW center for important details. Models pictured in advertisements may be shown with metallic paint and/or additional equipment.
There is a "dealer contribution" needed (aka discount from MSRP) as part of the deal.
However, we don't recommend putting money down on a lease - it's lost if the car is stolen or totaled.
.00134 and 61% for 36/10
So provided dealer agrees is this a good deal. I would still negotiate the price down but in either case the quoted lease monthly rate is still 60 less than that on the BMW site.
The difference between that deal and the one on the website is the "$1500 corporate fleet incentive". That also comes with a .00020 money factor discount. Do you qualify for the fleet program?
Its from our corporate site, so I am assuming I qualify as I don't see any other conditions. But even without the corporate discount, with the msrp of 44695 and mf 0.00135 and rv around 61% it still doesn't come to the $499 they are asking for on the website (open to everyone) right? I think interst rate comes to about 2.8% i.e. 0.0012MF.
The numbers for the fleet incentive are .00114 MF and 61% residual for 36/10.
The deal above assumes a dealer discount from MSRP that isn't disclosed. That's why you can't make the calculations work. You don't have all of the variables.
interesting .. so you think its worth pursuing this.. if so what should i be asking for? Thanks for the advice.
Tell them you qualify for the fleet discount. If the dealer doesn't want to play ball, find another dealer.
I live in Florida and currently drive a 2012 335i Convertible that is at the end of its financing. The dealer (about a 3 hour drive away) has offered $21,000 for the 2012, which matches a CarMax offer I got for the car. This car has 31k miles, but got a new engine at 22k miles because of the BMW recall.
I am looking at the following:
2017 BMW 440i, 2dr rear wheel drive convertible: MSRP Base $57,300
Cold weather package 1,050 Driver Assistance Package 950 Technology Package 2,750 Driver Assistance Plus 1,700 M Sport Package 2,550 Style 442 M Wheels 900 Paint 700 Total Options $10,600 “Regional” 240 Destination 995 Market Value Selling Price $69,135
36 months, 10,000 miles per year 61% residual, 0.00139 money factor (reverse engineered) $824 / month cash down: Negative equity on 2012 $3,600 First month $824 Balance Due $1554 Cash Down $5,978
I’m also getting back about $1k on a mechanical failure service contract I purchased for the car, so net net to me, I see this as eliminating the $3,600 negative equity and getting into the new car at about $550.
Comments
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Also - any cash lease rebates available right now for the 2017 4 series? Thank you!!
No 27 month program from BMW
No lease incentives this month
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thank you
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
BMW 440i 2017 Gran Coupe
MSRP 59k
Got the price to 55,600
12k/36 month lease
5000 down
They are telling me MF of 0.0134 with a residual of 60%.
They also stated this:
"Documentation fees including dealer fees of $789, Tag if New (450 - 298+15 new decal|| private tag agency fee) 6.50 Tire and lemon law fee " when I asked for acquisition and doc fee.
They are stating 650 per month.
Thoughts?
Thank you very much!
Using your MSRP and selling price, I get $683/mo, before tax.
How does the $5000 fully break down - my guess is that some of it is going to cap reduction, as the dealer quote is less than my calculation.
Dealer fee is pretty high - what state is this?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I'm not sure how the 5000 fully breaks down - what do you mean by that? Honestly I have never leased, and I'm actually going to see them face to face tomorrow.
This is FL.
I got this formula from a website:
If the residual value is "R" ; R = MSRP x Residual (%)
The Capital cost (sales price) is "C"
Money Factor is "MF"
Down payment is "D"
Lease term is "N" ; number of months (ie 36 or 39)
Monthly depreciation fee "MD" = (C-D-R)/N
Monthly lease fee "ML" = MF * (C-D+R)
Then the monthly lease payment= MD +ML + tax
Drive off : The upfront money including all other fees ( bank fee , acquisition fee, license fee, etc) + first month payment
For example.
MSRP =100k
Capital cost (sales price after 10k discount) = 90k
MF = 0.0013
Residual = 60% = 60k
lease term = 36 months
Down payment = 0
other fees = 2K
tax = 8%
MD = 30k/36 = 833.3
ML = 195
tax = %8 * (833.3 + 195) =82.2
monthly lease payment = 833.3 + 195 + 82.2 = 1110.5
Drive off = 2000 +1110.5 = 3110.5
Note: according to tax, this calculation is based on CA tax which is tax on lease cost. some states calculate the tax based on whole capital cost.
If above is true I calculated my lease to be around 560 a month... What is going on? Confusion. Thanks for the help!
The up front monies will be any taxes or fees you don't add into the cap cost, and may also include any cap reduction (aka down payment).
Our recommendation is to add any non-government fees into the cap cost, and not make a cap reduction.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Is the dealer if I go with this specific deal likely to honor my calculation of 560? I mean they should if the formula is correct right?
So you're saying that I should add acquisition fee, etc to the C value and decrease my D (down payment) value? What's the story/strategy behind this?
Thanks!
Yes, increase C and decrease D - it minimizes your up front cost, since those fees are taxable anyway, might as well put it into the monthly payment.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
MSRP 59545 (actually not 59k I'm sorry about that)
Cap cost: 55600
Residual 60%
Money Factor 0.00134
12k lease / 36 months
My residual amount is MSRP * Residual rate = 59545 * 0.60 = 35727
Dep fee: (55600 - 5000 - 35727)/36 = 413.138
Rent fee (55600 + 35727) * 0.00134 = 122.378
Monthly Payment: 413.138 + 122.378 = 535.516
Tax Rate (FL): 6%
Tax Amount: 32.13
Total Monthly Payment: 567.65
How's that looking? Will they honor that (because they stated 650 and I don't know how the heck they got that number)?
I understand what you mean by decreasing the down payment, but if I don't mind paying the 5k to keep monthly costs down it's not like I'm losing money by not doing your strategy is that correct?
Btw, thank you for your help it has been of tremendous value!
You can't deduct the full $5000 from the selling price, if part of it is going to cover items not in the CAP cost.
So, your depreciation fee is likely higher. You have to find out what is coming out of the $5000, before applying the rest to CAP cost reduction. That should result in the "adjusted CAP cost", and that's the number you use to calculate the depreciation and the rent (not the selling price).
You have title/registration/doc fees and an acquisition fee. That's probably $1600, at least.
Until you get all of the numbers, it's just a guess.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I am in Seattle, WA (9.5 sales tax)
MSRP: $48,075
AutoNation Price: $45,325
560(include tax) / 5k due at signing. 32/12k
is it correct?
Thank you so much!!!
What is the breakdown of the $5K?
If the selling price is the cap cost, I get $610/mo with tax. Therefore, $1800 of the $5K is cap reduction. We recommend against that - if the car is stolen or totaled, you lose that money.
You should negotiate a bigger discount from sticker - 7% is a good starting point for BMW ($44,700 or so).
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
5k is downpayment + first pay + title + registration + doc + dealer fee
I will negotiate to get your number! and will update!!!
What is the current MF and residuals for a 2017 430XI convertible in NJ on a 36/12 and 36/15. Also are there any special incentives or terms (33?).
Thank you.
.00134 and 60% / 58%
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Also, are you aware of any particular year end incentives?
No incentives on the 2017 4-series, this month.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
2017 430i Gran Coupe 36/10, 36/12, 39/10, 39/12
Could you also give me Resi and MF for:
2016 BMW 428i Gran Coupe 36/10, 36/12, 39/10, 39/12
2017 - .00134 and 60% / 61% for 36/12 / 36/10
2016 discussion is here:
http://forums.edmunds.com/discussion/36226/bmw/4-series/2016-bmw-4-series-lease-questions#latest
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Which fees do you suggest paying up front (i.e., not including them in the lease payment)?
- Taxable fees (~70)
- Documentation fee (~$600)
- Tax (~$170)
- Non Tax Fees (~200)
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks
Fine Print
Offer not valid in Puerto Rico. Lease financing available on a new 2017 BMW 430i Coupe from participating BMW centers on leases assigned to BMW Financial Services through January 03, 2017. Monthly lease payments of $389.00 for 36 months based on MSRP of $44,795.00. $4,314.00 cash due at signing is based on $3,000.00 down payment, $389.00 first month payment, $925.00 acquisition fee,and $0.00 security deposit (not all customers will qualify for security deposit waiver). Tax, title, license, registration and dealer fees are additional fees due at signing. Program available from participating BMW dealers to eligible, qualified customers with excellent credit history who meet BMW Financial Services credit requirements. Payments do not include applicable taxes. All figures presented are examples only. Actual MSRP may vary. Lessee responsible for insurance during the lease term and any excess wear and tear as defined in the lease contract, $0.25/mile over 10,000 miles per year and a disposition fee of $350 at lease end. Purchase option at lease end (excluding tax, title, and other government fees) is $27,325.00. Offer valid through January 03, 2017 and may be combined with other offers unless otherwise stated. Qualified rate lock applicants must take delivery within 60 days of initial lock. An additional Corporate Fleet
Incentive of $1,500 is applied. All Credits valid through January 03, 2017. Credits may be combined with other offers unless otherwise stated. Visit your authorized BMW center for important details. Models pictured in advertisements may be shown with metallic paint and/or additional equipment.
However, we don't recommend putting money down on a lease - it's lost if the car is stolen or totaled.
.00134 and 61% for 36/10
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The difference between that deal and the one on the website is the "$1500 corporate fleet incentive". That also comes with a .00020 money factor discount. Do you qualify for the fleet program?
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The difference between that deal and the one on the website is the "$1500 corporate fleet incentive". That also comes with a .00020 money factor discount. Do you qualify for the fleet program?
Its from our corporate site, so I am assuming I qualify as I don't see any other conditions. But even without the corporate discount, with the msrp of 44695 and mf 0.00135 and rv around 61% it still doesn't come to the $499 they are asking for on the website (open to everyone) right? I think interst rate comes to about 2.8% i.e. 0.0012MF.
Its from our corporate site, so I am assuming I qualify as I don't see any other conditions. But even without the corporate discount, with the msrp of 44695 and mf 0.00135 and rv around 61% it still doesn't come to the $499 they are asking for on the website (open to everyone) right? I think interst rate comes to about 2.8% i.e. 0.0012MF.
The numbers for the fleet incentive are .00114 MF and 61% residual for 36/10.
The deal above assumes a dealer discount from MSRP that isn't disclosed. That's why you can't make the calculations work. You don't have all of the variables.
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On a total MSRP of $69,257, with discount it came down to $64,410.
With $4,000 as total drive off, got $806 (inc taxes) per month lease @ 36 months/10k miles, is this good ?
What is the full breakdown of the $4000 up front cash? I'm pretty certain some of it is cap reduction (down payment), which we advise against.
Using your prices, as is, I get $759/mo before tax, $827/mo after (assuming a tax rate of 7.5%)
You are getting 7% off sticker, which is good for BMW.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The numbers for the fleet incentive are .00114 MF and 61% residual for 36/10.
The deal above assumes a dealer discount from MSRP that isn't disclosed. That's why you can't make the calculations work. You don't have all of the variables.
interesting .. so you think its worth pursuing this.. if so what should i be asking for? Thanks for the advice.
The deal above assumes a dealer discount from MSRP that isn't disclosed. That's why you can't make the calculations work. You don't have all of the variables.
interesting .. so you think its worth pursuing this.. if so what should i be asking for? Thanks for the advice.
Tell them you qualify for the fleet discount. If the dealer doesn't want to play ball, find another dealer.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I am looking at the following:
2017 BMW 440i, 2dr rear wheel drive convertible:
MSRP
Base $57,300
Cold weather package 1,050
Driver Assistance Package 950
Technology Package 2,750
Driver Assistance Plus 1,700
M Sport Package 2,550
Style 442 M Wheels 900
Paint 700
Total Options $10,600
“Regional” 240
Destination 995
Market Value Selling Price $69,135
Discount $4,525
Rebate (Loyalty) 1,000
Adjusted Price $63,610
My credit is strong. Lease terms:
36 months, 10,000 miles per year
61% residual, 0.00139 money factor (reverse engineered)
$824 / month
cash down:
Negative equity on 2012 $3,600
First month $824
Balance Due $1554
Cash Down $5,978
I’m also getting back about $1k on a mechanical failure service contract I purchased for the car, so net net to me, I see this as eliminating the $3,600 negative equity and getting into the new car at about $550.
Good deal?