I was in a BMW dealership today and they told me about the "pull ahead" program that BMW is running where they will cover 3 payments to get you out of another BMW lease. It sounds like a good program. Does anyone have any experience with this? Are there any concerns about it?
If your current BMW lease is due up before May 31, 2006, then you can turn it in and waive up to 3 payments. Simple as that.
Also, they told me that the 550i's are in short supply and going (more or less) for sticker. Does anyone have any recent experience otherwise?
Yes, there aren't a ton of 550i's out there. There are a few hundred available on dealers' lots across the entire country. Where do you live?
Lease offer on a 530i with an MSRP of $52820 was quoted at $618/mo for 36 months at 12000 miles per year with a cash deposit of $5599 ($3900 as refundable security deposit). The price seems high, but this is New Jersey and everything is higher here. The 24 month program is $603/mo. with total cash output of $5584 ($3900 refundable security).
I thought BMW was offering end of year deals. This doesn't seem so.
You can always lock in the current rate with BMWFS. The rate lock is valid for 60 days after the end of the program. You can order the exact car you want and pick it up when the current lease expires. If your current lease is with BMWFS, they give you a few days grace period. Also if you have a car on order, they will extend the current lease for up to 6 months.
I just went to the dealership last night for my auto service and the salesman was also telling me about the "pull ahead" program however he mentioned that BMW will cover 6 payments and not just 3 months.(I'm from IL)
I'm considering the pull ahead program, I might get the 2006 750i but I'm so petite, 5'1" tall and this car might be too big for me especially that I got used to my 545i. Does anyone drive a 7 series as short as me?! Would you recommend getting it? -H
When I talked to the dealer about the pull ahead program, he said that the deal is that the dealer has to buy the car from BMWFS. Since the residuals are so high, the car would wholesale for less then BMWFS would sell it to the dealer, so they didn't want the car early. 2003 530i Auto/Sport/Prem/Xenon. He preferred to order a car and wait until my lease expires in Feb. Of course I locked in the December rates with a credit app.
Using your figures, I get around $640/mo.+tax.. using the .0015 money factor..
So..they are either marking up the factor higher than what they say... or, there are some other costs added in, leading to a higher cap cost than what you were quoted..
I am interested in a 530XI w/ premium, cold weather and auto that has a sticker of 53,520. The dealer (in N. IL) is trying to interest me in the pull ahead program to get me to get a new car 3 months early. His initial offer is 787/mo for 36m 15k/yr lease. This seems high given some other rates I've seen. He claims this includes a "huge discount" - am I wrong that this isn't a great deal?
BMWFS is offering irresistible 2 year lease deals on the 525 and 530. The residuals are respectively, 76% and 74% for 24,000 miles. You will actually have a smaller monthly payment leasing either of these vehicles for 24 months vs. 36 months. This is just about unheard of. Have you ever heard of getting a car loan with a smaller monthly payment for 24 months vs. 36 months?
I did a simple calculation for a 525 lease. I came up with $45 less per month for 24 months vs 36 months. For a 530 lease, I came up with $10 less per month for 24 months than 36 months.
Getting out of a car lease prematurely without it costing you more money is almost impossible. Instead of squirming watching the calendar month after month for 3 years wishing you could get out and have a different vehicle, BMW is letting you cut a year off the calendar and is making it cheaper for you to do so. An irresistible offer, IMO.
Im located in Orange County, CA 90631. I want to get 525I with only Automatic option. Whats the best price i can get? same as TMV value? Whats a good price???
also whats the Residual value and MF on 24 or 36 month at 12000miles or 15000miles? (24 or 36..which has better deal?) I dont get what MF is... does everyone get 0.0016 MF this month???
Im real new at this and im lost. how do i start shopping? BMW has special lease rate of 439/month now. can i get a better deal than that? if so whats the best monthly payment im looking at?
Do i need to lease before 1/3 deadline for specials??? someone please walk me thru this process. im LOST~~!
Just multiply the money factor by 2400 and it gives you the interest rate you will be renting the car at. For example a money factor of 0.00160 equals an interest rate of 3.84%. You should always try to negotiate for the company's base money factor which really means you have to know what it is before you shop. They will try and jack it up on you especially if they see you are unprepared.
For the 525i, 24 months, 24,000 miles: residual=76%, base money factor=0.00160. For 30,000 miles: residual=74%, same money factor.
For 36 months, 36,000 miles: residual=62%, base money factor=0.00160. For 45,000 miles: residual=60%, same money factor.
The best deal right now is the 24 month, 24,000 mile lease. Your payments will be less than for a 36 month, 36,000 mile lease.
I've been planning to buy an 06 530, then saw the lease deal and eventually found this forum. I've never leased a car but tend to buy one every 3 years or so. It seems like the BMW lease offer is excellent relative to purchase or other manufacturers. I was talking to a dealer this morning and intending to use the Costco price on a purchase. She was talking about $1800 over invoice. Would that be the same cap cost on a lease? Can anyone walk me through this? How much flexibility is there in lease terms given the current promos? I'd want something between 24-36 months and am in so CA. THANKS. Kelli
best price i got is on 525i automatic option only: Selling price: 42465 2500 drive off 12k miles 490 including tax. he said he calculated as if i dont pay security deposit and use MF of 0.00175 to get a lower monthly payment.
is this a good deal?
when i use Basic lease monthly calculator, i dont get the same price as dealers give me. how come?
Sure. If you have less than good credit, they are under no obligation to lease to you. The BMW figures on the website are high. You can do better. You have to negotiate the selling price as low as you can-say $2000 over invoice is fair. The monthly payment depends on the selling price of the car that you have negotiated-called the capitalized cost, the rental fee which is the money factor and the residual value of the car which is not negotiable. You have to shop around to get the lowest selling price you can. You can even do this on the internet. E-mail different dealers in your area. Also, be prepared for them to try and give you a higher money factor than 0.00160. Refuse to pay a higher rate.
Do yourself a favor. Click on Edmunds.com. Click on "new cars." Click on BMW. Click on "5 series" and then equip the car the way you want it. They will show you the invoice price. Whatever it is, add $2000 to it and you will have a pretty good idea of the price of the car you should be offering to the different dealers. Like I said you can make these offers through the dealers' websites on the internet. Tell them the price of the car and the money factor (0.00160) you expect to pay. Whatever you do, do not let them charge you MSRP as the capitalized cost (selling price) of the vehicle. That is rip-off city!
The dealer is correct. He can charge you a mf of 0.00175 if the security deposit is waived. The selling price seems reasonable. Is this for a 24 or 36 month lease? What exactly is the breakdown of the drive-off? Did the dealer say the $2500 is a capitalized cost reduction?
Continuing on my M5 lease saga. Right now, I'm thinking of buying the car for cash instead of leasig since there is no lease support from BMW.
Dealer F&I guy is suggesting either a single payment lease, which if you could help me with the base money factor and residual I'd appreciate, or putting a $5,000 security deposit to buy down the money factor to .0027. 3 year, 36,000 mile lease.
Also, do you know what the dealer profit is on writing the lease at the base rate. Price on the car is 90,490 MSRP + 1,750 (which is the best I could do in LA with current availability). They are also doing pulling ahead on my 540i lease.
i got a better deal now. its 470 monthly pay with 2500 drive off. i dont want to add 625 bank fee and 600 security deposit for upfront payment. so i may just go with higher MF. i will lose ~300 but im fine with lesser down and 1.2% higher interest.
Here is the breakdown: (is this a good deal?) 1) Contract Date: 12/28/05 18) Term: 24
Does anyone know if the money factor is reduced by paying a lease up front? I know it is reduced by adding extra security deposits, but can you also reduce the money factor by paying the lease up front? If so, how much is it reduced?
The residual and base mf for 36 months, 36,000 miles are 61% and 0.00285. The same figures for 24 months, 24,000 miles are 75% and 0.00285. Putting $5000 down as a security deposit on a BMW lease used to be a no brainer as it would have reduced your interest rate by about 1%. Now it's just 0.36% for you. BMW stopped being so generous.
When KYFDX or CAR_Man comes back from vacation, ask the other questions again, because I am not sure about the dealer profit or the single lease payment deal.
You have a pretty good deal here with one caveat (see below).
Your cap. cost is around $1300 over invoice ( $40,760), which is fine. Realize that your $1563 cap cost reduction essentially means your base monthly payment would really be $501.31 except you are paying $65.12 x 24 months up-front to get it down to $436.19.
I imagine you would have to order this vehicle because I cant see any 525's on a dealer's lot sitting there with AT as the only option.
The best deal for you would be paying no cap. cost reduction and paying the $65 more each month. This is because if during your lease term the car is stolen or totalled in an accident, you will lose all of that up-front money.
If you want to assume the risk, the deal is a good one as to the figures.
i asked if i pay security deposit of 500 upfront, what would my monthly rate be? he said it will go up $10 even tho my MF goes down. does this make sense?
I would simply pay the SD up-front and not have them raise the MF on me. My last BMW, I paid the SD up-front. After leasing a BMW, if you lease another one consecutively, you don't have to pay any more security deposits. You will have earned their trust!
I am in the market for a 2006 525i with an MSRP of $50,120. Originally I was going to buy and was able to get the dealer down to $1,000 above invoice at $46,905. Now I am considering leasing instead, and wanted to know whether the following lease is a good deal:
36 month term 12,000 miles/year $2,283 due at signing Monthly payment: $601 (including tax) Tax of 6% in NJ No trade in
When I use the Edmunds lease payment calculator based on a residual factor of 0.63 and MF of 0.0016 (based on what I have seen on this thread for 525i's), I am getting a monthly fee of $525.
Can someone please tell me what I am missing given the discrepancy between the $525/month estimate and $601/month dealer quote? Also, is this deal as good as the $1,000 above invoice deal I was able to negotiate if I were to purchase the car instead of lease?
Your help would be much appreciated, as this is the first time I'll be leasing a car!
Thanks for your quick reply! I have another three questions if you don't mind:
1. Is there a rough rule of thumb on how much I should be paying for title and other registration costs?
2. Can you tell me the formula for how to calculate lease payments? I looked at the formula used for the sample lease payment calculation on Edmunds, and am still not arriving at your numbers.
3. If I plan to move to another state with a higher tax rate during my lease, would I have to pay the difference in taxes on my lease payments? Would paying taxes upfront make a difference?
Thanks for your advice - your posts on this thread have been incredibly helpful!
1) Most of the posts that I see here regarding leases in NJ, seem to be around $300-$400 total for your first year's registration/fees...
2) Leases are made up of two components.. Depreciation and Finance charges. Cap cost - Residual = Depreciation Depreciation / monthly term = Monthly depreciation (Cap cost + Residual) X money factor = Monthly Finance charge.
Montly depreciation + Monthly Finance = Monthly payment.. Plus tax, of course..
3) Not an expert on NJ lease taxes, but this is how I understand it.... In NJ, you pay sales tax only on the depreciation portion of the lease.. BUT, you pay it upfront.. Even if you roll it into the cap cost and spread it over your monthly payments, it is still paid to NJ upfront.
If you then move to a state that taxes the monthly payment each month... then you will be paying taxes again on top of what you have paid already..
For example.. You lease a new 525i for $600/mo.+tax.. they roll the taxes into the cap cost, and your new monthly payment including the tax is $635/mo. (keep in mind... the tax has been paid in full.. they have just added the amount to your cap cost). You then move to a state like...say.. Kentucky.. In KY, the payment is taxed each month.. and the bank remits that amount to the state.. Your $635/mo. payment is then taxed an additional 6% each month.. raising it to about $673/mo..
My first lease. 06 525i Options: Auto & Warm Weather pkg.
Curious how you all think I just did today. (Southern CA dealer about 7-hours total;-( Where does this lease make sense, where is it 'broken?' Overall, was this lease a success or a failure?
MSRP: $44,520.00 Residual 77% $34,280.40 Price: $43,000.00 Total Cap Cost Reduct $2,074.44 Security Deposit $0.00 Net Cap Cost $40,925.56
Thank you! I will call the NV department of taxation next week to find out. This seems like it could be a potential case of double taxation, and I want to avoid this if possible.
On another note, as it looks I will not be leasing until January '06, do you know what the money factor and residual will be like for the 525i on a 24 month/12k lease in January? Any way to look these up so that I don't have to keep asking you?
If you have not signed on the dotted line yet, I would strongly advise you not to do this deal.
The base MF is 0.0016 for December 2005 for the 24 month term. The dealer is not under any obligation to give you the base rate, but this mark up seems huge.
Also, if you pay the fully refundable security deposit, it reduces the MF by 0.00015.
Thanks ca_man. Bottom line is there really are no more 525i models available in CA (especially in the model & color I wanted) that allow for the advertised (or better) numbers. I found the exact car I was looking for, and it was difficult working out the details to get it shipped to LA. The dealer had to trade an X5 to get it.
The deal is done. Out of curiousity: What would change if the Money Factor were .0016 instead of the .00205? If I paid the security deposit, would that have reduced the MF of .0016 by .00015?
What is the ABSOLUTE BEST lease deal you've seen on the 06's?
I am sure I paid more for the bank rate 825 vs. 625..but, eating $200 is ok, I'm glad they took my trade in.
Comments
If your current BMW lease is due up before May 31, 2006, then you can turn it in and waive up to 3 payments. Simple as that.
Also, they told me that the 550i's are in short supply and going (more or less) for sticker. Does anyone have any recent experience otherwise?
Yes, there aren't a ton of 550i's out there. There are a few hundred available on dealers' lots across the entire country. Where do you live?
I thought BMW was offering end of year deals. This doesn't seem so.
I live in Northern California
Can you tell me from which dealer you get this deal?it's a better deal compare to the special lease offer over bmwusa.com.
I am in LA too.
24-month Lease
$3000 drive-off
$540/month
525i, premium, sport, xenon
12k/miles/year
lease offer is : 3700 down (no sec dep) and 399 pm (incl taxes)
2 yr lease with 10k miles
offer in New Jersey
Help me !! Is this a good one ?
I'm considering the pull ahead program, I might get the 2006 750i but I'm so petite, 5'1" tall and this car might be too big for me especially that I got used to my 545i.
Does anyone drive a 7 series as short as me?! Would you recommend getting it? -H
MSRP - $55,990
Cap Cost - $53,358
MF - .0015 ( i know it should be .0014)
Residual 74%
12k
$663.92/month plus tax.
Is that a good deal?
Using your figures, I get around $640/mo.+tax.. using the .0015 money factor..
So..they are either marking up the factor higher than what they say... or, there are some other costs added in, leading to a higher cap cost than what you were quoted..
regards,
kyfdx
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I am re-posting my question in this section as the deal I got is a lease.
2006 530i RWD
MSRP 52820 (premium pkg, cold weather pkg, nav) in So Cal
SALE PRICE: 50400
$2500 drive off
$660/month for 23 months (includes sales)
12k miles/yr
Judge from other post, I think it is still slightly too high. Anyone think there is room for them to come down another $1000 off sale price?
Thanks for any advice.
I wqs just wondering if others were getting a better price on the car.
Can you tell me the current money factors and residuals on the 2006 M5 for 36 month leases with either 12,000 or 15,000 miles annually.
12,000 61% residual, mf 0.00285
The residuals are respectively, 76% and 74% for 24,000 miles.
You will actually have a smaller monthly payment leasing either of these vehicles for 24 months vs. 36 months.
This is just about unheard of.
Have you ever heard of getting a car loan with a smaller monthly payment for 24 months vs. 36 months?
I did a simple calculation for a 525 lease. I came up with $45 less per month for 24 months vs 36 months.
For a 530 lease, I came up with $10 less per month for 24 months than 36 months.
Getting out of a car lease prematurely without it costing you more money is almost impossible.
Instead of squirming watching the calendar month after month for 3 years wishing you could get out and have a different vehicle, BMW is letting you cut a year off the calendar and is making it cheaper for you to do so.
An irresistible offer, IMO.
I want to get 525I with only Automatic option.
Whats the best price i can get? same as TMV value? Whats a good price???
also whats the Residual value and MF on 24 or 36 month at 12000miles or 15000miles? (24 or 36..which has better deal?) I dont get what MF is...
does everyone get 0.0016 MF this month???
Im real new at this and im lost. how do i start shopping?
BMW has special lease rate of 439/month now. can i get a better deal than that? if so whats the best monthly payment im looking at?
Do i need to lease before 1/3 deadline for specials???
someone please walk me thru this process. im LOST~~!
For the 525i, 24 months, 24,000 miles: residual=76%, base money factor=0.00160.
For 30,000 miles: residual=74%, same money factor.
For 36 months, 36,000 miles: residual=62%, base money factor=0.00160.
For 45,000 miles: residual=60%, same money factor.
The best deal right now is the 24 month, 24,000 mile lease.
Your payments will be less than for a 36 month, 36,000 mile lease.
can you lay down each price?
also, does MF depend on my credit score?
or can anyone who knows its base MF of 0.00160 get that rate?
if 24 month lease is better than 36, $439/month rate on BMW website is the best deal around?
Selling price: 42465
2500 drive off
12k miles
490 including tax.
he said he calculated as if i dont pay security deposit and use MF of 0.00175 to get a lower monthly payment.
is this a good deal?
when i use Basic lease monthly calculator, i dont get the same price as dealers give me. how come?
any better offers yet?
The BMW figures on the website are high. You can do better.
You have to negotiate the selling price as low as you can-say $2000 over invoice is fair.
The monthly payment depends on the selling price of the car that you have negotiated-called the capitalized cost, the rental fee which is the money factor and the residual value of the car which is not negotiable.
You have to shop around to get the lowest selling price you can.
You can even do this on the internet.
E-mail different dealers in your area.
Also, be prepared for them to try and give you a higher money factor than 0.00160. Refuse to pay a higher rate.
Do yourself a favor. Click on Edmunds.com. Click on "new cars." Click on BMW. Click on "5 series" and then equip the car the way you want it. They will show you the invoice price. Whatever it is, add $2000 to it and you will have a pretty good idea of the price of the car you should be offering to the different dealers. Like I said you can make these offers through the dealers' websites on the internet. Tell them the price of the car and the money factor (0.00160) you expect to pay.
Whatever you do, do not let them charge you MSRP as the capitalized cost (selling price) of the vehicle. That is rip-off city!
Is this for a 24 or 36 month lease?
What exactly is the breakdown of the drive-off?
Did the dealer say the $2500 is a capitalized cost reduction?
Dealer F&I guy is suggesting either a single payment lease, which if you could help me with the base money factor and residual I'd appreciate, or putting a $5,000 security deposit to buy down the money factor to .0027. 3 year, 36,000 mile lease.
Also, do you know what the dealer profit is on writing the lease at the base rate. Price on the car is 90,490 MSRP + 1,750 (which is the best I could do in LA with current availability). They are also doing pulling ahead on my 540i lease.
its 470 monthly pay with 2500 drive off.
i dont want to add 625 bank fee and 600 security deposit for upfront payment. so i may just go with higher MF.
i will lose ~300 but im fine with lesser down and 1.2% higher interest.
Here is the breakdown: (is this a good deal?)
1) Contract Date: 12/28/05 18) Term: 24
2) Lease Institution: FSVT-L 19) Mileage Penalty(W):
3) Stock Number: 20) Ttl Sales Tax (W): $ 932.34
4) M.S.R.P.: $ 44,470.00 21) Acq Fee Tax: 7.7500%
5) Initial Cap Cost: $ 42,083.29 Base Monthly Rental: $ 436.19
6) Residl Rt/Amt: 76.00%$ 33,797.20 22) Monthly Use Tx: 7.7500%$ 33.80
7) Total AMO (W): 23) **MONTHLY PAYMENT**: $ 469.99
8) Ttl Add Cap Cost(W: 24) *1 PAY AMOUNT*:
9) Service Contract(W: 25) First Payment Date: 01/27/06
10) Gap: 26) Security Deposit:
Adjusted Cap Cost: $ 40,520.17 27) CA Tire Fee: $ 8.75
11) Customer Cash Down: $ 2,500.00
12) Cash Cap Reduction: $ 1,563.12 28) COUNTY:
13) Trade (W):
14) Rebate: Total Cap Reduction: $ 1,563.12
15) License Fee: $ 337.00 29) Total Drive Off (W): $ 2,500.00
16) Smog/Weight Fees: 30) TOTAL DOWN PAYMENT: $ 2,500.00
money factor is .00210 because of .00160 + .00015(security deposit waiver) + .00035($625 bank fee waiver).
The same figures for 24 months, 24,000 miles are 75% and 0.00285.
Putting $5000 down as a security deposit on a BMW lease used to be a no brainer as it would have reduced your interest rate by about 1%. Now it's just 0.36% for you. BMW stopped being so generous.
When KYFDX or CAR_Man comes back from vacation, ask the other questions again, because I am not sure about the dealer profit or the single lease payment deal.
Your cap. cost is around $1300 over invoice ( $40,760), which is fine.
Realize that your $1563 cap cost reduction essentially means your base monthly payment would really be $501.31 except you are paying $65.12 x 24 months up-front to get it down to $436.19.
I imagine you would have to order this vehicle because I cant see any 525's on a dealer's lot sitting there with AT as the only option.
The best deal for you would be paying no cap. cost reduction and paying the $65 more each month. This is because if during your lease term the car is stolen or totalled in an accident, you will lose all of that up-front money.
If you want to assume the risk, the deal is a good one as to the figures.
he said it will go up $10 even tho my MF goes down.
does this make sense?
My last BMW, I paid the SD up-front.
After leasing a BMW, if you lease another one consecutively, you don't have to pay any more security deposits.
You will have earned their trust!
I am in the market for a 2006 525i with an MSRP of $50,120. Originally I was going to buy and was able to get the dealer down to $1,000 above invoice at $46,905. Now I am considering leasing instead, and wanted to know whether the following lease is a good deal:
36 month term
12,000 miles/year
$2,283 due at signing
Monthly payment: $601 (including tax)
Tax of 6% in NJ
No trade in
When I use the Edmunds lease payment calculator based on a residual factor of 0.63 and MF of 0.0016 (based on what I have seen on this thread for 525i's), I am getting a monthly fee of $525.
Can someone please tell me what I am missing given the discrepancy between the $525/month estimate and $601/month dealer quote? Also, is this deal as good as the $1,000 above invoice deal I was able to negotiate if I were to purchase the car instead of lease?
Your help would be much appreciated, as this is the first time I'll be leasing a car!
When I do the calculations, I get $565/mo.+tax, which would make their $601/mo. including tax pretty close..
Even using 63% as the residual, it would be about $551/mo. plus tax..
I'm not sure why you are getting different numbers, but I'm not using that calculator..
regards,
kyfdx
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Thanks for your quick reply! I have another three questions if you don't mind:
1. Is there a rough rule of thumb on how much I should be paying for title and other registration costs?
2. Can you tell me the formula for how to calculate lease payments? I looked at the formula used for the sample lease payment calculation on Edmunds, and am still not arriving at your numbers.
3. If I plan to move to another state with a higher tax rate during my lease, would I have to pay the difference in taxes on my lease payments? Would paying taxes upfront make a difference?
Thanks for your advice - your posts on this thread have been incredibly helpful!
2) Leases are made up of two components.. Depreciation and Finance charges.
Cap cost - Residual = Depreciation
Depreciation / monthly term = Monthly depreciation
(Cap cost + Residual) X money factor = Monthly Finance charge.
Montly depreciation + Monthly Finance = Monthly payment..
Plus tax, of course..
3) Not an expert on NJ lease taxes, but this is how I understand it.... In NJ, you pay sales tax only on the depreciation portion of the lease.. BUT, you pay it upfront.. Even if you roll it into the cap cost and spread it over your monthly payments, it is still paid to NJ upfront.
If you then move to a state that taxes the monthly payment each month... then you will be paying taxes again on top of what you have paid already..
For example.. You lease a new 525i for $600/mo.+tax.. they roll the taxes into the cap cost, and your new monthly payment including the tax is $635/mo. (keep in mind... the tax has been paid in full.. they have just added the amount to your cap cost). You then move to a state like...say.. Kentucky.. In KY, the payment is taxed each month.. and the bank remits that amount to the state.. Your $635/mo. payment is then taxed an additional 6% each month.. raising it to about $673/mo..
Not a good thing..but, unavoidable..
regards,
kyfdx
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06 525i Options: Auto & Warm Weather pkg.
Curious how you all think I just did today.
(Southern CA dealer about 7-hours total;-(
Where does this lease make sense, where is it 'broken?'
Overall, was this lease a success or a failure?
MSRP: $44,520.00
Residual 77% $34,280.40
Price: $43,000.00
Total Cap Cost Reduct $2,074.44
Security Deposit $0.00
Net Cap Cost $40,925.56
CA tire Fee $8.75
Acq Fee $825.00
Doc Fee $45.00
AcqFeeTax $68.06
License Fee $341.00
Trade In $3000.00
Cash $1000.00
Total Drive off $4000.00
Term 24months
MONEY FACTOR .00205
BASE Monthly Rental $431.05
Tax Rate $35.06
PAYMENT TOTAL $466.61
In advance, thank you all for your kind direction through your responses...
Thank you! I will call the NV department of taxation next week to find out. This seems like it could be a potential case of double taxation, and I want to avoid this if possible.
On another note, as it looks I will not be leasing until January '06, do you know what the money factor and residual will be like for the 525i on a 24 month/12k lease in January? Any way to look these up so that I don't have to keep asking you?
The base MF is 0.0016 for December 2005 for the 24 month term. The dealer is not under any obligation to give you the base rate, but this mark up seems huge.
Also, if you pay the fully refundable security deposit, it reduces the MF by 0.00015.
My 0.02$.
Bottom line is there really are no more 525i models available in CA (especially in the model & color I wanted) that allow for the advertised (or better) numbers. I found the exact car I was looking for, and it was difficult working out the details to get it shipped to LA. The dealer had to trade an X5 to get it.
The deal is done. Out of curiousity: What would change if the Money Factor were .0016 instead of the .00205? If I paid the security deposit, would that have reduced the MF of .0016 by .00015?
What is the ABSOLUTE BEST lease deal you've seen on the 06's?
I am sure I paid more for the bank rate 825 vs. 625..but, eating $200 is ok, I'm glad they took my trade in.