2018 BMW X1 Lease Deals and Prices

kyfdx

ndividual said:

New offer I got... thoughts?

I think I need to see the left hand part of the document that you cut off.

What state and tax rate?

ndividual

Thanks for your response. This is how they sent it to me in the email. California, I’m not sure the tax. Is it where the dealership is or zip of where car gets registered?
thanks for your help!

happymania2

kyfdx said:

This is what I got so far from other dealer. I sort of left the one who did not want to give me break down. I currently have BMW that has 2 months left to return, and it is 1800 miles over right now. I will probably have to pay for those. Should I go little further? So far I did as for break down and going to let them know I do not want to put any down payment. Always appreciate your time. Thank you so much. PURCHASE OPTION Vehicle Price: $43,460.00 AutoNation Savings: - $4,984.00 AutoNation Price: $38,476.00 Window Tint (Optional): + $399.00 Vehicle Selling Price: $38,875.00 Sales Tax (estimate): + $3,252.48 Smog Fee: + $42.50 Title Fee: + $29.25 Documentation Fee: + $549.00 Balance Due (estimate): $42,748.23 No Trade-In LEASE OPTIONS Cash Due 36 months Rebates: $2,500 12,000 Miles $2,000 $455 $3,000 $425 $4,000 $395

What state?

Oh it is nevada sorry about that. I am sure you r tired about people missing info haha. 

carz2018

Is there a way for the users to query a database? It would save the mods so much time.

kyfdx

ndividual said:

Thanks for your response. This is how they sent it to me in the email. California, I’m not sure the tax. Is it where the dealership is or zip of where car gets registered?
thanks for your help!

It would be helpful to see what the amounts listed correspond to..

kyfdx

happymania2 said:

kyfdx said:

happymania2 said:

This is what I got so far from other dealer. I sort of left the one who did not want to give me break down.
I currently have BMW that has 2 months left to return, and it is 1800 miles over right now. I will probably have to pay for those.
Should I go little further? So far I did as for break down and going to let them know I do not want to put any down payment.

Always appreciate your time.

Thank you so much.


PURCHASE OPTION

Vehicle Price: $43,460.00
AutoNation Savings: - $4,984.00
AutoNation Price: $38,476.00
Window Tint (Optional): + $399.00
Vehicle Selling Price: $38,875.00

Sales Tax (estimate): + $3,252.48
Smog Fee: + $42.50
Title Fee: + $29.25
Documentation Fee: + $549.00
Balance Due (estimate): $42,748.23
No Trade-In

LEASE OPTIONS

Cash Due 36 months
Rebates: $2,500
12,000 Miles
$2,000 $455
$3,000 $425
$4,000 $395

What state?

Oh it is nevada sorry about that. I am sure you r tired about people missing info haha. 

The amounts at the top, while useful, are for a purchase, not a lease.

If we add $925 acq.fee and $549 dealer fee to the price..
Subtract the $2500 rebate
.00166 MF and 58% residual
Adjusted CAP cost of $37849
Payment is $455/mo.+tax
Due at signing =
1st payment
+$72 fees
+$200 tax on rebate

This is pretty close to their quote of $455/mo. tax included with $2000 due at signing.

happymania2

kyfdx said:

kyfdx said:

This is what I got so far from other dealer. I sort of left the one who did not want to give me break down. I currently have BMW that has 2 months left to return, and it is 1800 miles over right now. I will probably have to pay for those. Should I go little further? So far I did as for break down and going to let them know I do not want to put any down payment. Always appreciate your time. Thank you so much. PURCHASE OPTION Vehicle Price: $43,460.00 AutoNation Savings: - $4,984.00 AutoNation Price: $38,476.00 Window Tint (Optional): + $399.00 Vehicle Selling Price: $38,875.00 Sales Tax (estimate): + $3,252.48 Smog Fee: + $42.50 Title Fee: + $29.25 Documentation Fee: + $549.00 Balance Due (estimate): $42,748.23 No Trade-In LEASE OPTIONS Cash Due 36 months Rebates: $2,500 12,000 Miles $2,000 $455 $3,000 $425 $4,000 $395

What state?

Oh it is nevada sorry about that. I am sure you r tired about people missing info haha. 

The amounts at the top, while useful, are for a purchase, not a lease. If we add $925 acq.fee and $549 dealer fee to the price.. Subtract the $2500 rebate .00166 MF and 58% residual Adjusted CAP cost of $37849 Payment is $455/mo.+tax Due at signing = 1st payment +$72 fees +$200 tax on rebate This is pretty close to their quote of $455/mo. tax included with $2000 due at signing.

Is this a good deal? I don’t know if I should go California to see if anyone can do better

plee3232

Hi! Would someone please be able to help with this?
x1 awd lease 12k/36 months
2100 down (first month plus acquisition tag processing fees)
taxes rolled into monthly payments
Msrp 43245
Negotiated price 37650

monthly lease payment 548

i feel like the payments are high based on what I’m seeing here and should be paying closer or under 500. What is the right payment for this car? In Maryland. Thank you in advance!

kyfdx

happymania2 said:

kyfdx said:

happymania2 said:

kyfdx said:

happymania2 said:

This is what I got so far from other dealer. I sort of left the one who did not want to give me break down.
I currently have BMW that has 2 months left to return, and it is 1800 miles over right now. I will probably have to pay for those.
Should I go little further? So far I did as for break down and going to let them know I do not want to put any down payment.

Always appreciate your time.

Thank you so much.


PURCHASE OPTION

Vehicle Price: $43,460.00
AutoNation Savings: - $4,984.00
AutoNation Price: $38,476.00
Window Tint (Optional): + $399.00
Vehicle Selling Price: $38,875.00

Sales Tax (estimate): + $3,252.48
Smog Fee: + $42.50
Title Fee: + $29.25
Documentation Fee: + $549.00
Balance Due (estimate): $42,748.23
No Trade-In

LEASE OPTIONS

Cash Due 36 months
Rebates: $2,500
12,000 Miles
$2,000 $455
$3,000 $425
$4,000 $395

What state?

Oh it is nevada sorry about that. I am sure you r tired about people missing info haha. 

The amounts at the top, while useful, are for a purchase, not a lease.

If we add $925 acq.fee and $549 dealer fee to the price..
Subtract the $2500 rebate
.00166 MF and 58% residual
Adjusted CAP cost of $37849
Payment is $455/mo.+tax
Due at signing =
1st payment
+$72 fees
+$200 tax on rebate

This is pretty close to their quote of $455/mo. tax included with $2000 due at signing.

Is this a good deal? I don’t know if I should go California to see if anyone can do better

Looks okay to me

kyfdx

plee3232 said:

Hi! Would someone please be able to help with this?
x1 awd lease 12k/36 months
2100 down (first month plus acquisition tag processing fees)
taxes rolled into monthly payments
Msrp 43245
Negotiated price 37650

monthly lease payment 548

i feel like the payments are high based on what I’m seeing here and should be paying closer or under 500. What is the right payment for this car? In Maryland. Thank you in advance!

.00166 MF and 58% residual
$1000 lease credit

MD taxes the full selling price, even on a lease.
But, I get $454/mo.+tax, with your numbers.
That's about $520/mo.

Looks like some extra fees not disclosed, or the money factor is marked up.

plee3232

kyfdx said:

Hi! Would someone please be able to help with this?
x1 awd lease 12k/36 months
2100 down (first month plus acquisition tag processing fees)
taxes rolled into monthly payments
Msrp 43245
Negotiated price 37650

monthly lease payment 548

i feel like the payments are high based on what I’m seeing here and should be paying closer or under 500. What is the right payment for this car? In Maryland. Thank you in advance!

.00166 MF and 58% residual $1000 lease credit MD taxes the full selling price, even on a lease. But, I get $454/mo.+tax, with your numbers. That's about $520/mo. Looks like some extra fees not disclosed, or the money factor is marked up.

Would you say this is a good deal? I am looking also at another type of car which is a step up and it’s about 70 a month more to get into that one. Trying to weigh options here. Thank you! 

kyfdx

plee3232 said:

kyfdx said:

Hi! Would someone please be able to help with this?
x1 awd lease 12k/36 months
2100 down (first month plus acquisition tag processing fees)
taxes rolled into monthly payments
Msrp 43245
Negotiated price 37650

monthly lease payment 548

i feel like the payments are high based on what I’m seeing here and should be paying closer or under 500. What is the right payment for this car? In Maryland. Thank you in advance!

.00166 MF and 58% residual
$1000 lease credit

MD taxes the full selling price, even on a lease.
But, I get $454/mo.+tax, with your numbers.
That's about $520/mo.

Looks like some extra fees not disclosed, or the money factor is marked up.

Would you say this is a good deal? I am looking also at another type of car which is a step up and it’s about 70 a month more to get into that one. Trying to weigh options here. Thank you! 

The payment I calculated is $30/mo. less than your quote, so no... not a good deal

plee3232

kyfdx said:

kyfdx said:

Hi! Would someone please be able to help with this?
x1 awd lease 12k/36 months
2100 down (first month plus acquisition tag processing fees)
taxes rolled into monthly payments
Msrp 43245
Negotiated price 37650

monthly lease payment 548

i feel like the payments are high based on what I’m seeing here and should be paying closer or under 500. What is the right payment for this car? In Maryland. Thank you in advance!

.00166 MF and 58% residual $1000 lease credit MD taxes the full selling price, even on a lease. But, I get $454/mo.+tax, with your numbers. That's about $520/mo. Looks like some extra fees not disclosed, or the money factor is marked up.

Would you say this is a good deal? I am looking also at another type of car which is a step up and it’s about 70 a month more to get into that one. Trying to weigh options here. Thank you! 

The payment I calculated is $30/mo. less than your quote, so no... not a good deal

Sorry I meant is 520 a good deal? Thank you!

celtics

x 1 lease
total as equipped 42195
$38,635 selling price
36 month lease 12,00 miles
monthly payment 497.24
residual factor 58%
cap reduction tax 1544.04 (8.625%)
bank fee 925
cap reduction 2500
residual value 24473
total depreciation 14,131.16
money factor interest rate 1.66%
up front tax 215.62
doc fee 95
first payment 497.00
security deposit 0
drive off 3307.87
rebate 2500
due at signing 807.87 plus DMV
Is this a good competitive lease
thanks for the help

kyfdx

plee3232 said:

kyfdx said:

plee3232 said:

kyfdx said:

Hi! Would someone please be able to help with this?
x1 awd lease 12k/36 months
2100 down (first month plus acquisition tag processing fees)
taxes rolled into monthly payments
Msrp 43245
Negotiated price 37650

monthly lease payment 548

i feel like the payments are high based on what I’m seeing here and should be paying closer or under 500. What is the right payment for this car? In Maryland. Thank you in advance!

.00166 MF and 58% residual
$1000 lease credit

MD taxes the full selling price, even on a lease.
But, I get $454/mo.+tax, with your numbers.
That's about $520/mo.

Looks like some extra fees not disclosed, or the money factor is marked up.

Would you say this is a good deal? I am looking also at another type of car which is a step up and it’s about 70 a month more to get into that one. Trying to weigh options here. Thank you! 

The payment I calculated is $30/mo. less than your quote, so no... not a good deal

Sorry I meant is 520 a good deal? Thank you!

With MD taxes, it's okay

kyfdx

celtics said:

x 1 lease
total as equipped 42195
$38,635 selling price
36 month lease 12,00 miles
monthly payment 497.24
residual factor 58%
cap reduction tax 1544.04 (8.625%)
bank fee 925
cap reduction 2500
residual value 24473
total depreciation 14,131.16
money factor interest rate 1.66%
up front tax 215.62
doc fee 95
first payment 497.00
security deposit 0
drive off 3307.87
rebate 2500
due at signing 807.87 plus DMV
Is this a good competitive lease
thanks for the help

What state is this?
Is it just $807 out of your pocket at lease signing?

celtics

New York(tax 8.625) and this is $807 out of pocket at lease signing
thanks,
go celtics

kyfdx

celtics said:

New York(tax 8.625) and this is $807 out of pocket at lease signing
thanks,
go celtics

.00166 MF (not 1.66%)
58% residual

Looks like the rebate is enough to cover the tax and acquisition fee.
Good discount from MSRP
I get the same payment. Looks good.

btgtech1

Hi, what are the lease numbers for a x1 xdrive28i and sdrive28i in 27519? 10k mi for 24,36,39 months. 10k a year. Thanks!

kyfdx

btgtech1 said:

Hi, what are the lease numbers for a x1 xdrive28i and sdrive28i in 27519? 10k mi for 24,36,39 months. 10k a year. Thanks!

.00166 MF and 62%/56% residual for 24/36 mo, 15K/yr
$1000 lease credit

btgtech1

What about 10K miles?

kyfdx

btgtech1 said:

What about 10K miles?

+3%

itsissa0

I've been searching for an X1 with the options I wanted for a couple months now and havent found anything. I was ready to order a '18 and they and they said they couldn't because '19s are coming out now. Isn't it too early for that? I figured they wanted me to just buy one on the lot..

Can I get May numbers for the '18 X1 sDrive with 10k a year and 36 months?

carz2018

Don't get an sDrive just for the BMW badge ... BMW lost its way with these FWD cars

Michaell

itsissa0 said:

I've been searching for an X1 with the options I wanted for a couple months now and havent found anything. I was ready to order a '18 and they and they said they couldn't because '19s are coming out now. Isn't it too early for that? I figured they wanted me to just buy one on the lot..

Can I get May numbers for the '18 X1 sDrive with 10k a year and 36 months?

.00166 and 59%

Given the lead time for a factory order, I'm not surprised it has to be a 2019 at this point.

dealseaker

Received this quote for 2018 X1, seems high. Can you point me in the direction of where the numbers should be. If additional information is needed please advise. Sate is CT thank you.

1,363.48 Inceptions
15 K per year, 36 months
Monthly Payment $538.48
MSRP is 44,490
Adjusted cap cost reduction is 38,603.64
Money Factor is .00166
Residual is 24,914.00
Incentives 1,500.00
DEMO w/2786 Miles

dandan1138

Hi, could I get the MF, Residual, and incentives (if any) with lowest available miles/year in portland Oregon (97206) for the following?
sDrive Premium
xDrive Premium

Michaell

dealseaker said:

Received this quote for 2018 X1, seems high. Can you point me in the direction of where the numbers should be. If additional information is needed please advise. Sate is CT thank you.

1,363.48 Inceptions
15 K per year, 36 months
Monthly Payment $538.48
MSRP is 44,490
Adjusted cap cost reduction is 38,603.64
Money Factor is .00166
Residual is 24,914.00
Incentives 1,500.00
DEMO w/2786 Miles

Are you paying the inceptions up front?

Subtract about $700 from the calculated residual to account for the miles.

Michaell

dandan1138 said:

Hi, could I get the MF, Residual, and incentives (if any) with lowest available miles/year in portland Oregon (97206) for the following?
sDrive Premium
xDrive Premium

What lease term?

dealseaker

Michaell said:

dealseaker said:

Received this quote for 2018 X1, seems high. Can you point me in the direction of where the numbers should be. If additional information is needed please advise. State is CT, thank you.

1,363.48 Inceptions
15 K per year, 36 months
Monthly Payment $538.48
MSRP is 44,490
Adjusted cap cost reduction is 38,603.64
Money Factor is .00166
Residual is 24,914.00
Incentives 1,500.00
DEMO w/2786 Miles

Are you paying the inceptions up front?

Subtract about $700 from the calculated residual to account for the miles.

Yes on the inception as I told the dealer I would pay around $1000 out of pocket for 1st month payment, title, and registration. Not sure where the extra $363.48 is coming from. Should I not pay the inception or if I should, is that to much to pay? Where would you try and target the monthly payment to be?
I'm also a current BMW lease holder for my other car if that helps for incentives.

plee3232

I hope I’ve nailed a good deal here but please let me know if otherwise.

12k/36 mos
msrp 43490
neg price 36195
taxes in MD rolled into monthly payments
acq, dealer processing, tags, first month payment and cost to ship car as upfront payment of 2300
monthly lease price 479

dandan1138

Michaell said:

dandan1138 said:

Hi, could I get the MF, Residual, and incentives (if any) with lowest available miles/year in portland Oregon (97206) for the following?
sDrive Premium
xDrive Premium

What lease term?

36 months/lowest miles possible

tank2515

MSRP: $49,795
Acquisition: $925
Document Fee: $549
Total Cap Cost: $44,803.71

$1,000 due at signing includes first month
$525 per month, 36/10

is this a good deal? I could have probably talk down the MF to 0.00166 since they mark up to 0.00186, but was quite satisfied with the $525 payment.

TIA

tank2515

Forgot to include zip 89102

tank2515 said:

MSRP: $49,795
Acquisition: $925
Document Fee: $549
Total Cap Cost: $44,803.71

$1,000 due at signing includes first month
$525 per month, 36/10

is this a good deal? I could have probably talk down the MF to 0.00166 since they mark up to 0.00186, but was quite satisfied with the $525 payment.

TIA

Michaell

dealseaker said:

Michaell said:

dealseaker said:

Received this quote for 2018 X1, seems high. Can you point me in the direction of where the numbers should be. If additional information is needed please advise. State is CT, thank you.

1,363.48 Inceptions
15 K per year, 36 months
Monthly Payment $538.48
MSRP is 44,490
Adjusted cap cost reduction is 38,603.64
Money Factor is .00166
Residual is 24,914.00
Incentives 1,500.00
DEMO w/2786 Miles

Are you paying the inceptions up front?

Subtract about $700 from the calculated residual to account for the miles.

Yes on the inception as I told the dealer I would pay around $1000 out of pocket for 1st month payment, title, and registration. Not sure where the extra $363.48 is coming from. Should I not pay the inception or if I should, is that to much to pay? Where would you try and target the monthly payment to be?
I'm also a current BMW lease holder for my other car if that helps for incentives.

We recommend only paying the first payment and registration costs up front, maybe less than $1000.

Don't negotiate the payment, negotiate the price and ensure the MF isn't marked up on you (it isn't, in your case). Then, watch out for junk fees.

Michaell

plee3232 said:

I hope I’ve nailed a good deal here but please let me know if otherwise.

12k/36 mos
msrp 43490
neg price 36195
taxes in MD rolled into monthly payments
acq, dealer processing, tags, first month payment and cost to ship car as upfront payment of 2300
monthly lease price 479

Given the taxes on a lease in MD, that looks pretty decent.

Congrats!

Michaell

dandan1138 said:

Michaell said:

dandan1138 said:

Hi, could I get the MF, Residual, and incentives (if any) with lowest available miles/year in portland Oregon (97206) for the following?
sDrive Premium
xDrive Premium

What lease term?

36 months/lowest miles possible

36/10 - .00166 and 59%
$1000 lease credit

Michaell

tank2515 said:

Forgot to include zip 89102

tank2515 said:

MSRP: $49,795
Acquisition: $925
Document Fee: $549
Total Cap Cost: $44,803.71

$1,000 due at signing includes first month
$525 per month, 36/10

is this a good deal? I could have probably talk down the MF to 0.00166 since they mark up to 0.00186, but was quite satisfied with the $525 payment.

TIA

Looks solid, with only $1000 out of pocket.

fengverson

I got a quote from NJ 07078
msrp: 41380
I was told to get 15% off

government fee: 322.6
doc fee: 497.5
capitalized taxes: 1299.44
Destination fee: 900
acquisition fee: 925

 for 3 year 10000 mile lease,
For 0 down, I got $528.19
mf is 0.00206, RV is 59%

is this number looks right? The car is in stock. Do I need pay destination fee?

Michaell

fengverson said:

I got a quote from NJ 07078
msrp: 41380
I was told to get 15% off

government fee: 322.6
doc fee: 497.5
capitalized taxes: 1299.44
Destination fee: 900
acquisition fee: 925

 for 3 year 10000 mile lease,
For 0 down, I got $528.19
mf is 0.00206, RV is 59%

is this number looks right? The car is in stock. Do I need pay destination fee?

Base MF is .00166; your dealer is marking it up the max allowed.

For new units, we suggest 7% off sticker. 15% off sticker is for demos or service loaners.

Destination fee is part of the MSRP; cannot be avoided.

fengverson

Michaell said:

fengverson said:

I got a quote from NJ 07078
msrp: 41380
I was told to get 15% off

government fee: 322.6
doc fee: 497.5
capitalized taxes: 1299.44
Destination fee: 900
acquisition fee: 925

 for 3 year 10000 mile lease,
For 0 down, I got $528.19
mf is 0.00206, RV is 59%

is this number looks right? The car is in stock. Do I need pay destination fee?

Base MF is .00166; your dealer is marking it up the max allowed.

For new units, we suggest 7% off sticker. 15% off sticker is for demos or service loaners.

Destination fee is part of the MSRP; cannot be avoided.

Hi Michaell,

Thanks for quick reply. Based on what she gave to me, I calculated by myself but I couldn't get the monthly number she offered. And she then told me to add additional destination fee. That's why I am asking.

Also I looked at the car, it only have 10 miles. Does that look like demos or service loaners? What's your suggestion to negotiate this deal? What will be the reasonable monthly payment? Thanks

stewen12

Can't shake the feeling that there's something wrong with this deal.

Looking at a 2018 X1 Loaner Demo with an MSRP of $41,540. Car has 4,398 miles.

Getting is discount of $5,518 or 13.28% and an additional $2,500 in rebate. Tax is $1,278.36 and deal fee is $689.50.

This gives a cap cost of $33,522. With a 36 month term, I am getting a lease payment of $409.11 with $2k down. Does this not seem high?

Money factor is .00166 with a residual (before the miles adjustment) of 59%.

Michaell

stewen12 said:

Can't shake the feeling that there's something wrong with this deal.

Looking at a 2018 X1 Loaner Demo with an MSRP of $41,540. Car has 4,398 miles.

Getting is discount of $5,518 or 13.28% and an additional $2,500 in rebate. Tax is $1,278.36 and deal fee is $689.50.

This gives a cap cost of $33,522. With a 36 month term, I am getting a lease payment of $409.11 with $2k down. Does this not seem high?

Money factor is .00166 with a residual (before the miles adjustment) of 59%.

You're missing the $925 acquisition fee. Dealer fee, too? What state is this?

Is the $409/mo your calculation or the dealers quote to you?

Subtract $1100 from the calculated residual to account for the miles.

Michaell

fengverson said:

Michaell said:

fengverson said:

I got a quote from NJ 07078
msrp: 41380
I was told to get 15% off

government fee: 322.6
doc fee: 497.5
capitalized taxes: 1299.44
Destination fee: 900
acquisition fee: 925

 for 3 year 10000 mile lease,
For 0 down, I got $528.19
mf is 0.00206, RV is 59%

is this number looks right? The car is in stock. Do I need pay destination fee?

Base MF is .00166; your dealer is marking it up the max allowed.

For new units, we suggest 7% off sticker. 15% off sticker is for demos or service loaners.

Destination fee is part of the MSRP; cannot be avoided.

Hi Michaell,

Thanks for quick reply. Based on what she gave to me, I calculated by myself but I couldn't get the monthly number she offered. And she then told me to add additional destination fee. That's why I am asking.

Also I looked at the car, it only have 10 miles. Does that look like demos or service loaners? What's your suggestion to negotiate this deal? What will be the reasonable monthly payment? Thanks

10 miles makes it a new car. If they are offering 15% off the sticker price, be aware of other junk fees and costs to claw back the discount. They are already doing that with the MF markup.

stewen12

Michaell said:

You're missing the $925 acquisition fee. Dealer fee, too? What state is this?

Is the $409/mo your calculation or the dealers quote to you?

Subtract $1100 from the calculated residual to account for the miles.

Hi Michael,

This includes the $925 acquisition fee. And the $625 dealer fee. This is for Florida.

$409 is the dealers quote. This seems close to a price for a new loaner.

Michaell

stewen12 said:

Michaell said:

You're missing the $925 acquisition fee. Dealer fee, too? What state is this?

Is the $409/mo your calculation or the dealers quote to you?

Subtract $1100 from the calculated residual to account for the miles.

Hi Michael,

This includes the $925 acquisition fee. And the $625 dealer fee. This is for Florida.

$409 is the dealers quote. This seems close to a price for a new loaner.

Then ignore the tax amount - FL taxes the monthly payment on a lease.

What is the adjusted cap cost the dealer is using for their quote?

stewen12

Michaell said:

stewen12 said:

Michaell said:

You're missing the $925 acquisition fee. Dealer fee, too? What state is this?

Is the $409/mo your calculation or the dealers quote to you?

Subtract $1100 from the calculated residual to account for the miles.

Hi Michael,

This includes the $925 acquisition fee. And the $625 dealer fee. This is for Florida.

$409 is the dealers quote. This seems close to a price for a new loaner.

Then ignore the tax amount - FL taxes the monthly payment on a lease.

What is the adjusted cap cost the dealer is using for their quote?

Cap Cost is shown as $33,522.00 with the "Total Price" listed at $35,489.86 (Cap Cost + Tax + Dealer/State Fees)

Michaell

stewen12 said:

Michaell said:

stewen12 said:

Michaell said:

You're missing the $925 acquisition fee. Dealer fee, too? What state is this?

Is the $409/mo your calculation or the dealers quote to you?

Subtract $1100 from the calculated residual to account for the miles.

Hi Michael,

This includes the $925 acquisition fee. And the $625 dealer fee. This is for Florida.

$409 is the dealers quote. This seems close to a price for a new loaner.

Then ignore the tax amount - FL taxes the monthly payment on a lease.

What is the adjusted cap cost the dealer is using for their quote?

Cap Cost is shown as $33,522.00 with the "Total Price" listed at $35,489.86 (Cap Cost + Tax + Dealer/State Fees)

Ignore the total price - that is for a purchase

If I subtract $1100 from the residual value, and use the prices you've provided, I get a payment of $375/mo before tax. 7% tax rate takes us to $402/mo.

About $250 difference in cap cost.

stewen12

Michaell said:

stewen12 said:

Michaell said:

stewen12 said:

Michaell said:

You're missing the $925 acquisition fee. Dealer fee, too? What state is this?

Is the $409/mo your calculation or the dealers quote to you?

Subtract $1100 from the calculated residual to account for the miles.

Hi Michael,

This includes the $925 acquisition fee. And the $625 dealer fee. This is for Florida.

$409 is the dealers quote. This seems close to a price for a new loaner.

Then ignore the tax amount - FL taxes the monthly payment on a lease.

What is the adjusted cap cost the dealer is using for their quote?

Cap Cost is shown as $33,522.00 with the "Total Price" listed at $35,489.86 (Cap Cost + Tax + Dealer/State Fees)

Ignore the total price - that is for a purchase

If I subtract $1100 from the residual value, and use the prices you've provided, I get a payment of $375/mo before tax. 7% tax rate takes us to $402/mo.

About $250 difference in cap cost.

I can't figure out where things are going wrong. They also told me that they give 500 miles off the residual calculation. So rather than calculation the residual off 4,398 miles they calculate it off of 3,898 miles. I believe the tax rate is also 6.5%. I feel like the payments should definitely be under $400 a month.

Thanks again for all the help!

Michaell

stewen12 said:

Michaell said:

stewen12 said:

Michaell said:

stewen12 said:

Michaell said:

You're missing the $925 acquisition fee. Dealer fee, too? What state is this?

Is the $409/mo your calculation or the dealers quote to you?

Subtract $1100 from the calculated residual to account for the miles.

Hi Michael,

This includes the $925 acquisition fee. And the $625 dealer fee. This is for Florida.

$409 is the dealers quote. This seems close to a price for a new loaner.

Then ignore the tax amount - FL taxes the monthly payment on a lease.

What is the adjusted cap cost the dealer is using for their quote?

Cap Cost is shown as $33,522.00 with the "Total Price" listed at $35,489.86 (Cap Cost + Tax + Dealer/State Fees)

Ignore the total price - that is for a purchase

If I subtract $1100 from the residual value, and use the prices you've provided, I get a payment of $375/mo before tax. 7% tax rate takes us to $402/mo.

About $250 difference in cap cost.

I can't figure out where things are going wrong. They also told me that they give 500 miles off the residual calculation. So rather than calculation the residual off 4,398 miles they calculate it off of 3,898 miles. I believe the tax rate is also 6.5%. I feel like the payments should definitely be under $400 a month.

Thanks again for all the help!

500 miles is $125 of the $250 delta. So, we are very close to the dealer quote.

The math is the math, regardless of your feelings.