2018 BMW X5 Lease Deals and Prices

stperson

stperson said:
What is the payment?
Are you applying the whole $8000 trade-in to the lease?

$780 per month. Not applying the $8K to the lease.

What state and tax rate?

Is the $62,135 inclusive of the incentive monies?

CA, 7.75% sales tax. Incentive of 3K is additionally applied to $62135.

Michaell

stperson said:

stperson said:
What is the payment?
Are you applying the whole $8000 trade-in to the lease?

$780 per month. Not applying the $8K to the lease.

What state and tax rate?

Is the $62,135 inclusive of the incentive monies?

CA, 7.75% sales tax. Incentive of 3K is additionally applied to $62135.

I get $781/mo with the revised numbers.

Looks like a solid deal.

stperson

I get $781/mo with the revised numbers.

Looks like a solid deal.

Great. Thank you for your inputs.

stperson

On another aspect, I am debating between 12K vs. 15K option. Clearly, if I were to drive 15K, its better to go with 15K option upfront instead of paying 25c per mile per the contract later on. My question is: Driving 15K a year, does this significantly increase the chances of higher maintenance charges? BMW maintenance expires after 36K, so wondering if a barrage of charges show up right after.

Michaell

stperson said:

On another aspect, I am debating between 12K vs. 15K option. Clearly, if I were to drive 15K, its better to go with 15K option upfront instead of paying 25c per mile per the contract later on. My question is: Driving 15K a year, does this significantly increase the chances of higher maintenance charges? BMW maintenance expires after 36K, so wondering if a barrage of charges show up right after.

Get the mileage you need, up front. If you drive 15,000 miles a year, your mileage allotment on the lease won't matter with regards to needing maintenance.

davewolfs

Someone please help me understand this.

MSRP 73020
Gross Cap Cost 65678.4
Sales Tax 353.26
Cap Reduction 4041.6
Net Cap Cost 61990.06

Trying to understand why cap reduction is 4041.6 (not 4000) and how the tax of 353.26 is calculated.

Michaell

davewolfs said:

Someone please help me understand this.

MSRP 73020
Gross Cap Cost 65678.4
Sales Tax 353.26
Cap Reduction 4041.6
Net Cap Cost 61990.06

Trying to understand why cap reduction is 4041.6 (not 4000) and how the tax of 353.26 is calculated.

Tax is on the incentives and fees, if you're adding them to the cap cost.

You'll have to ask the dealer what the deal is with the cap reduction - might be left over amount from the total cash due.

stperson

Get the mileage you need, up front. If you drive 15,000 miles a year, your mileage allotment on the lease won't matter with regards to needing maintenance.


Could the lease end charges be significantly higher for a 15K lease vs. a 12K lease?

Michaell

stperson said:

Get the mileage you need, up front. If you drive 15,000 miles a year, your mileage allotment on the lease won't matter with regards to needing maintenance.


Could the lease end charges be significantly higher for a 15K lease vs. a 12K lease?

Not if you take care of the car and stay under the allotted mileage.

rogis

rogis said:


hello, i am headed to my BMW dealer in NJ tomorrow. interested in leasing the X5 M Sport edition. wanted to be equipped with the latest info to properly negotiate the deal.

what discount off of MSRP should i be looking to get? (7%?)
what are the latest RV and MF?
what fees should I avoid and which are unavoidable?

also, wanted to confirm that i should avoid putting any money down to lower my payment (although I've been told that i don't lose that money should the car get totaled; rather, this is just a down-payment to lower the payment)

appreciate the help in advance. can report back once I price the deal.
.00152 and 56% for 36/15
$3000 lease credit
7% off sticker, before incentives

Yes, any up front cash (cap reduction, in lease-speak) is at risk if the car is stolen or totaled.

$925 acquisition fee is mandatory



========================================================================
Quick Update:
so I got the following deal on x5 M sport, 35i, and I wanted to confirm that I've got a good deal. I find the documentation quite confusing, I must say - and that is why the blog like this is so invaluable.

While I cant find it on the papers I've got, I was told that I've got the car for under invoice price of about $1800.
The MSRP is $73,910
Gross capitalized cost is $71,757
Adjusted capitalized cost is $70,149
36/10K lease, 59% residual
MSD applied (transferred from my prior lease, plus added a bit more to top up for the new higher lease pmt), MF of .00117 as a result.
Nothing paid down on day one
I clearly see that I've got the $3k rebate
Monthly lease payment of $870.40

Can someone please confirm the math as I cant figure out for the life of me why I was told I got the car ~$2K under invoice, and whether this seems like a good deal.

Thanks in advance!

bambi10

Hey how do these numbers look 

2018 X5 x35i
10k /36 months 

MSRP : 61585.00
Selling price : 56127.34
Rebate : 3000
cash from dealer:800
Residual: 59%
Adjusted residual : 36,335.41
MF: .00152

Down Payment includes

First months payment: 579
Cap cost reduction: 3000
SLS tax: 2275.91
1st year fee: 312.50
Deposit: 100
Other upgrade : 1000 (not sure what this is dealer said it was additional discount)

thunder137

rogis: I am in the same boat, looking for roughly the same car, also in NJ. Please keep us in the loop.
Got in touch with a couple of dealerships, so far have not picked a particular car.
Am having trouble navigating inventory as search filters do not offer search by packages and I do need at least an M package and Drivers assistance and leather. Some dealers don't even advertise exact packages on their websites. How did you search? I believe edmunds has a search engine but not the entire dealers inventory is in it.

Question to all:
Do I have more negotiating power in bargaining for a car that is on the lot of that particular dealer? If they offer to bring a car from another dealership - is there less room for me to negotiate? Also one dealer offered that I build a car and he will have it for me before the end of the month. In that case - do I have a lower negotiating power?

Need your advice - I have a Lexus ES350 that has 7 months left with $400/mo. I am thinking it makes sense to get an X5 now and return ES. The $3K will offset the remaining payments on the ES. If I understand correctly, there most likely won't be any deals such as $3k in July, correct?

Thank you,
Kevin

thunder137

rogis: Did you try to negotiate the 7% off MSRP before incentives?

rogis

thunder137 said:

rogis: Did you try to negotiate the 7% off MSRP before incentives?

yes I did, or tried to do. the frustrating part is that I was told I am close to 10% off the MSRP including the 3k rebate. as I said, I should be almost 2k below the invoice. That said, I cant find this or verify this on the documentation I've received!!!! Note also that I have an MBA in finance and I cant figure this out. I know how the math works but I cant understand how the information is presented and what is included in what. crazy and very misleading.

rogis

thunder137 said:

rogis: I am in the same boat, looking for roughly the same car, also in NJ. Please keep us in the loop.
Got in touch with a couple of dealerships, so far have not picked a particular car.
Am having trouble navigating inventory as search filters do not offer search by packages and I do need at least an M package and Drivers assistance and leather. Some dealers don't even advertise exact packages on their websites. How did you search? I believe edmunds has a search engine but not the entire dealers inventory is in it.

Question to all:
Do I have more negotiating power in bargaining for a car that is on the lot of that particular dealer? If they offer to bring a car from another dealership - is there less room for me to negotiate? Also one dealer offered that I build a car and he will have it for me before the end of the month. In that case - do I have a lower negotiating power?

Need your advice - I have a Lexus ES350 that has 7 months left with $400/mo. I am thinking it makes sense to get an X5 now and return ES. The $3K will offset the remaining payments on the ES. If I understand correctly, there most likely won't be any deals such as $3k in July, correct?

Thank you,
Kevin

Kevin, I just went to my dealer. and that was the end of my search, lol. this is my car number 7 (friends and family that I've referred to them), and I think they value that. that said, I cant get the numbers to work now that I am looking at it!!! LOL.

thunder137

Hi,

Just got a quote for a custom built x5 35i with M package, 10k/36mo, delivered before the end of the month:

MSRP: 70,485 (looks like $995 destination charge sits in this number as when I built it, it was exactly 995 less)
Selling Price: 65,200
Rebate: 3,000
NJ tax 6.875%
Bank fee: $925
Due at signing: $1,497 (everything rolled in the monthly payment)
Monthly lease: $818.58

Hoe does it look?

meccha91

Does BMW offer 24 months 12k or 15k terms?
Can you give the #s for 2018 BMW X5 35i Xdrive for those terms? Thank you!

kyfdx

rogis said:

rogis said:


hello, i am headed to my BMW dealer in NJ tomorrow. interested in leasing the X5 M Sport edition. wanted to be equipped with the latest info to properly negotiate the deal.

what discount off of MSRP should i be looking to get? (7%?)
what are the latest RV and MF?
what fees should I avoid and which are unavoidable?

also, wanted to confirm that i should avoid putting any money down to lower my payment (although I've been told that i don't lose that money should the car get totaled; rather, this is just a down-payment to lower the payment)

appreciate the help in advance. can report back once I price the deal.
.00152 and 56% for 36/15
$3000 lease credit
7% off sticker, before incentives

Yes, any up front cash (cap reduction, in lease-speak) is at risk if the car is stolen or totaled.

$925 acquisition fee is mandatory



========================================================================
Quick Update:
so I got the following deal on x5 M sport, 35i, and I wanted to confirm that I've got a good deal. I find the documentation quite confusing, I must say - and that is why the blog like this is so invaluable.

While I cant find it on the papers I've got, I was told that I've got the car for under invoice price of about $1800.
The MSRP is $73,910
Gross capitalized cost is $71,757
Adjusted capitalized cost is $70,149
36/10K lease, 59% residual
MSD applied (transferred from my prior lease, plus added a bit more to top up for the new higher lease pmt), MF of .00117 as a result.
Nothing paid down on day one
I clearly see that I've got the $3k rebate
Monthly lease payment of $870.40

Can someone please confirm the math as I cant figure out for the life of me why I was told I got the car ~$2K under invoice, and whether this seems like a good deal.

Thanks in advance!

The monthly payment is correct, given the adjusted CAP cost listed.
I can't tell you what price you paid, without a breakdown of how they calculated the adjusted CAP cost. There should be an agreed purchase price somewhere on your lease document.

kyfdx

bambi10 said:

Hey how do these numbers look 

2018 X5 x35i
10k /36 months 

MSRP : 61585.00
Selling price : 56127.34
Rebate : 3000
cash from dealer:800
Residual: 59%
Adjusted residual : 36,335.41
MF: .00152

Down Payment includes

First months payment: 579
Cap cost reduction: 3000
SLS tax: 2275.91
1st year fee: 312.50
Deposit: 100
Other upgrade : 1000 (not sure what this is dealer said it was additional discount)

So.. how much is due at signing?

kyfdx

thunder137 said:

rogis: I am in the same boat, looking for roughly the same car, also in NJ. Please keep us in the loop.
Got in touch with a couple of dealerships, so far have not picked a particular car.
Am having trouble navigating inventory as search filters do not offer search by packages and I do need at least an M package and Drivers assistance and leather. Some dealers don't even advertise exact packages on their websites. How did you search? I believe edmunds has a search engine but not the entire dealers inventory is in it.

Question to all:
Do I have more negotiating power in bargaining for a car that is on the lot of that particular dealer? If they offer to bring a car from another dealership - is there less room for me to negotiate? Also one dealer offered that I build a car and he will have it for me before the end of the month. In that case - do I have a lower negotiating power?

Need your advice - I have a Lexus ES350 that has 7 months left with $400/mo. I am thinking it makes sense to get an X5 now and return ES. The $3K will offset the remaining payments on the ES. If I understand correctly, there most likely won't be any deals such as $3k in July, correct?

Thank you,
Kevin

If you turn in a lease early, your early termination costs may exceed just the amount of the remaining payments. Make sure you know what you are getting into, before you start shopping for another car based on doing that.

Eating $2800 in payments to take advantage of a $3000 incentive doesn't seem like a good reason to jump now, in any case.

kyfdx

thunder137 said:

Hi,

Just got a quote for a custom built x5 35i with M package, 10k/36mo, delivered before the end of the month:

MSRP: 70,485 (looks like $995 destination charge sits in this number as when I built it, it was exactly 995 less)
Selling Price: 65,200
Rebate: 3,000
NJ tax 6.875%
Bank fee: $925
Due at signing: $1,497 (everything rolled in the monthly payment)
Monthly lease: $818.58

Hoe does it look?

Get the adjusted CAP cost, including everything that was rolled in.

kyfdx

meccha91 said:

Does BMW offer 24 months 12k or 15k terms?
Can you give the #s for 2018 BMW X5 35i Xdrive for those terms? Thank you!

.00152 MF and 64%/62% residual.

36 month terms are much better.

rogis

kyfdx said:

rogis said:

rogis said:


hello, i am headed to my BMW dealer in NJ tomorrow. interested in leasing the X5 M Sport edition. wanted to be equipped with the latest info to properly negotiate the deal.

what discount off of MSRP should i be looking to get? (7%?)
what are the latest RV and MF?
what fees should I avoid and which are unavoidable?

also, wanted to confirm that i should avoid putting any money down to lower my payment (although I've been told that i don't lose that money should the car get totaled; rather, this is just a down-payment to lower the payment)

appreciate the help in advance. can report back once I price the deal.
.00152 and 56% for 36/15
$3000 lease credit
7% off sticker, before incentives

Yes, any up front cash (cap reduction, in lease-speak) is at risk if the car is stolen or totaled.

$925 acquisition fee is mandatory



========================================================================
Quick Update:
so I got the following deal on x5 M sport, 35i, and I wanted to confirm that I've got a good deal. I find the documentation quite confusing, I must say - and that is why the blog like this is so invaluable.

While I cant find it on the papers I've got, I was told that I've got the car for under invoice price of about $1800.
The MSRP is $73,910
Gross capitalized cost is $71,757
Adjusted capitalized cost is $70,149
36/10K lease, 59% residual
MSD applied (transferred from my prior lease, plus added a bit more to top up for the new higher lease pmt), MF of .00117 as a result.
Nothing paid down on day one
I clearly see that I've got the $3k rebate
Monthly lease payment of $870.40

Can someone please confirm the math as I cant figure out for the life of me why I was told I got the car ~$2K under invoice, and whether this seems like a good deal.

Thanks in advance!

The monthly payment is correct, given the adjusted CAP cost listed.
I can't tell you what price you paid, without a breakdown of how they calculated the adjusted CAP cost. There should be an agreed purchase price somewhere on your lease document.

hello,
found it, the agreed purchase price is $68,889. once u get chance, wanted to your verdict as to how good of a deal I got, and whether this ties out with the fact that I was told my deal was almost $2k below invoice.
thanks v much

kyfdx

rogis said:

kyfdx said:

rogis said:

rogis said:


hello, i am headed to my BMW dealer in NJ tomorrow. interested in leasing the X5 M Sport edition. wanted to be equipped with the latest info to properly negotiate the deal.

what discount off of MSRP should i be looking to get? (7%?)
what are the latest RV and MF?
what fees should I avoid and which are unavoidable?

also, wanted to confirm that i should avoid putting any money down to lower my payment (although I've been told that i don't lose that money should the car get totaled; rather, this is just a down-payment to lower the payment)

appreciate the help in advance. can report back once I price the deal.
.00152 and 56% for 36/15
$3000 lease credit
7% off sticker, before incentives

Yes, any up front cash (cap reduction, in lease-speak) is at risk if the car is stolen or totaled.

$925 acquisition fee is mandatory



========================================================================
Quick Update:
so I got the following deal on x5 M sport, 35i, and I wanted to confirm that I've got a good deal. I find the documentation quite confusing, I must say - and that is why the blog like this is so invaluable.

While I cant find it on the papers I've got, I was told that I've got the car for under invoice price of about $1800.
The MSRP is $73,910
Gross capitalized cost is $71,757
Adjusted capitalized cost is $70,149
36/10K lease, 59% residual
MSD applied (transferred from my prior lease, plus added a bit more to top up for the new higher lease pmt), MF of .00117 as a result.
Nothing paid down on day one
I clearly see that I've got the $3k rebate
Monthly lease payment of $870.40

Can someone please confirm the math as I cant figure out for the life of me why I was told I got the car ~$2K under invoice, and whether this seems like a good deal.

Thanks in advance!

The monthly payment is correct, given the adjusted CAP cost listed.
I can't tell you what price you paid, without a breakdown of how they calculated the adjusted CAP cost. There should be an agreed purchase price somewhere on your lease document.

hello,
found it, the agreed purchase price is $68,889. once u get chance, wanted to your verdict as to how good of a deal I got, and whether this ties out with the fact that I was told my deal was almost $2k below invoice.
thanks v much

6.8% below MSRP. That's pretty close to invoice.

thunder137

Would really appreciate your thoughts on the numbers below. Is this a good deal?

MSRP: 70,485 (looks like $995 destination charge sits in this number as when I built it, it was exactly 995 less)
Selling Price: 65,200
Rebate: 3,000
NJ tax 6.875%
Bank fee: $925
Due at signing: $1,497 (everything rolled in the monthly payment)
Monthly lease: $818.58

Thank you,
Kevin

davewolfs

Michaell said:

davewolfs said:

Someone please help me understand this.

MSRP 73020
Gross Cap Cost 65678.4
Sales Tax 353.26
Cap Reduction 4041.6
Net Cap Cost 61990.06

Trying to understand why cap reduction is 4041.6 (not 4000) and how the tax of 353.26 is calculated.

Tax is on the incentives and fees, if you're adding them to the cap cost.

You'll have to ask the dealer what the deal is with the cap reduction - might be left over amount from the total cash due.

How can I calculate the tax on this. $1500 fleet and $4000 rebate. Rate is 7%.

kyfdx

thunder137 said:

Would really appreciate your thoughts on the numbers below. Is this a good deal?

MSRP: 70,485 (looks like $995 destination charge sits in this number as when I built it, it was exactly 995 less)
Selling Price: 65,200
Rebate: 3,000
NJ tax 6.875%
Bank fee: $925
Due at signing: $1,497 (everything rolled in the monthly payment)
Monthly lease: $818.58

Thank you,
Kevin

Didn't you ask this already?
https://forums.edmunds.com/discussion/comment/5428002/#Comment_5428002

And, I already replied:
https://forums.edmunds.com/discussion/comment/5428079/#Comment_5428079

kyfdx

davewolfs said:

Michaell said:

davewolfs said:

Someone please help me understand this.

MSRP 73020
Gross Cap Cost 65678.4
Sales Tax 353.26
Cap Reduction 4041.6
Net Cap Cost 61990.06

Trying to understand why cap reduction is 4041.6 (not 4000) and how the tax of 353.26 is calculated.

Tax is on the incentives and fees, if you're adding them to the cap cost.

You'll have to ask the dealer what the deal is with the cap reduction - might be left over amount from the total cash due.

How can I calculate the tax on this. $1500 fleet and $4000 rebate. Rate is 7%.

$5500 X 7%

davewolfs

kyfdx said:

davewolfs said:

Michaell said:

davewolfs said:

Someone please help me understand this.

MSRP 73020
Gross Cap Cost 65678.4
Sales Tax 353.26
Cap Reduction 4041.6
Net Cap Cost 61990.06

Trying to understand why cap reduction is 4041.6 (not 4000) and how the tax of 353.26 is calculated.

Tax is on the incentives and fees, if you're adding them to the cap cost.

You'll have to ask the dealer what the deal is with the cap reduction - might be left over amount from the total cash due.

How can I calculate the tax on this. $1500 fleet and $4000 rebate. Rate is 7%.

$5500 X 7%

That still isn't adding up to 353.26. The 41.6 additional cap cost looks to be the difference between paying $1800 for walk away (first month payment, ACQ and DOC Fees). Tax still a mystery but using $380 is close enough. Its annoying that BMW terminated their MSD program.

ajmrpowers

Hi would appreciate some thoughts, long time fan first time commenter...
MSRP 72310 for x5 35 m package
sale price 66405
rebates 3000
MF 152
Upfront charges 1860 ? (i'm assuming 925 acq cost taxes on rebate and dmv reg)
cap reduction 1978
due at sign 1700
payment 861

am i missing something?

thanks!

davewolfs

I think the 40e is the way to go for the X5. About 9% off MSRP + 6k rebate. Damn.

davewolfs

ajmrpowers said:

Hi would appreciate some thoughts, long time fan first time commenter...
MSRP 72310 for x5 35 m package
sale price 66405
rebates 3000
MF 152
Upfront charges 1860 ? (i'm assuming 925 acq cost taxes on rebate and dmv reg)
cap reduction 1978
due at sign 1700
payment 861

am i missing something?

thanks!

How much tax how many miles?

thunder137

So sorry, totally missed your reply. Here is what I got. Does this sound right? What is TOT INIT PMT? Dealer said I have to pay $1497 at signing...

ajmrpowers

davewolfs said:

Hi would appreciate some thoughts, long time fan first time commenter... MSRP 72310 for x5 35 m package sale price 66405 rebates 3000 MF 152 Upfront charges 1860 ? (i'm assuming 925 acq cost taxes on rebate and dmv reg) cap reduction 1978 due at sign 1700 payment 861 am i missing something? thanks!

How much tax how many miles?

Sorry 3/12k, 58% residual tax is ca so about 9%

Michaell

ajmrpowers said:

davewolfs said:

ajmrpowers said:

Hi would appreciate some thoughts, long time fan first time commenter...
MSRP 72310 for x5 35 m package
sale price 66405
rebates 3000
MF 152
Upfront charges 1860 ? (i'm assuming 925 acq cost taxes on rebate and dmv reg)
cap reduction 1978
due at sign 1700
payment 861

am i missing something?

thanks!

How much tax how many miles?

Sorry 3/12k, 58% residual tax is ca so about 9%

I get $824/mo with tax using those numbers.

Ask the dealer for the adjusted cap cost, and make sure you understand what was added to the selling price to get there.

Michaell

thunder137 said:

So sorry, totally missed your reply. Here is what I got. Does this sound right? What is TOT INIT PMT? Dealer said I have to pay $1497 at signing...

Total initial payment is your $1497 plus the $3000 lease credit incentive.

thunder137

Does it look like a good deal?

thunder137

Is it possible to reverse engineer the adjusted cap from here? Isn’t it the only remaining variable in this equation?

when I negotiate, so I have a better chance to get a good deal on a car that the dealer has in stock rather than custom order?

thank you,
Kevin

kyfdx

thunder137 said:

Is it possible to reverse engineer the adjusted cap from here? Isn’t it the only remaining variable in this equation?

when I negotiate, so I have a better chance to get a good deal on a car that the dealer has in stock rather than custom order?

thank you,
Kevin

The adjusted CAP cost is about the same as the selling price, as the other items just about add up to the $4497 initial payment.

Generally, any car you can drive away today is the dealer's preference, as that is a sure thing. That usually leads to the best price.

thunder137

Just got back from the dealer. Basically, they agree to work with me on the following set of assumptions for the x5 with M package, whether one on a lot or a custom order:

1. MSRP - 7%
2. Rebate 3,000
3. Fleet discount 1,000
4. MF 152
5. Residual 59% on 10k/36mo

Should I try to push for more? How much more can I realistically push for?

leaseor

Can someone answer which fees are better to pay upfront at signing or add to the monthly payment?

$925 ACQ fee
$414 NJ Lux/Sup Tax. Is it for incentives/rebates ?
~$350 Reg fee
Documentary charges - $238 plus $161 for document transmittal.
Intro fill $98 (no idea what this fee for) Its on the lease order paperwork.

hope did not miss anything

Thank you

Michaell

thunder137 said:

Just got back from the dealer. Basically, they agree to work with me on the following set of assumptions for the x5 with M package, whether one on a lot or a custom order:

1. MSRP - 7%
2. Rebate 3,000
3. Fleet discount 1,000
4. MF 152
5. Residual 59% on 10k/36mo

Should I try to push for more? How much more can I realistically push for?

You can ask for a bigger discount from MSRP - the fact that the dealer agreed so quickly to 7% leads me to believe that perhaps more is available.

Michaell

leaseor said:

Can someone answer which fees are better to pay upfront at signing or add to the monthly payment?

$925 ACQ fee
$414 NJ Lux/Sup Tax. Is it for incentives/rebates ?
~$350 Reg fee
Documentary charges - $238 plus $161 for document transmittal.
Intro fill $98 (no idea what this fee for) Its on the lease order paperwork.

hope did not miss anything

Thank you

Acquisition fee - add to payment
Luxury tax - add to payment
Registration fee - pay up front
Doc charges - add to payment

I'm guessing the last item is nitro fill - this is a junk fee; try to get rid of it.

thunder137

OK, here is what I got from the dealer. A bit confusing...

MSRP: 73,785; 7% off, MF 152, residual 59%, NJ tax - 6.875%

$869.36 - 1st months payment due at signing

Sale Price - $67,620.00 (includes 1K fleet discount)

Inceptions capitalized in payment:

$2,159.20 - NJ Sales Tax
$925.00 - BMW Bank Fee
$304.50 - NJ Three year registration
$8.95 - Titling Fee
$6.00 - NJ Tire Tax
$270.48 - NJ Luxury Tax
$395.00 - Doc Fee
$4,069.13 - Total

$67,620.00 - Sale Price
+ $4,069.13 - Inceptions rolled into cap cost
$71,689.13

$71,689.13 - cap cost
- $3,000.00 - Holiday Credit (applied as cap cost reduction)
$68,689.13 - Net Cap Cost

Kevin

kyfdx

thunder137 said:

OK, here is what I got from the dealer. A bit confusing...

MSRP: 73,785; 7% off, MF 152, residual 59%, NJ tax - 6.875%

$869.36 - 1st months payment due at signing

Sale Price - $67,620.00 (includes 1K fleet discount)

Inceptions capitalized in payment:

$2,159.20 - NJ Sales Tax
$925.00 - BMW Bank Fee
$304.50 - NJ Three year registration
$8.95 - Titling Fee
$6.00 - NJ Tire Tax
$270.48 - NJ Luxury Tax
$395.00 - Doc Fee
$4,069.13 - Total

$67,620.00 - Sale Price
+ $4,069.13 - Inceptions rolled into cap cost
$71,689.13

$71,689.13 - cap cost
- $3,000.00 - Holiday Credit (applied as cap cost reduction)
$68,689.13 - Net Cap Cost

Kevin

That looks to be exact.
No issues with any of that.
$395 doc fee is kind of a garbage fee, but typical for NJ dealers.

thunder137

I really appreciate your help.
So based on all this, would you say it is a good deal?
Debating between the 2 options:
1. Due on delivery: $2,965.30, $806.10 per month
2. Due on delivery: $869.36, $869.36 per month
Does this look right?
Thank you,
Kevin

kyfdx

thunder137 said:

I really appreciate your help.
So based on all this, would you say it is a good deal?
Debating between the 2 options:
1. Due on delivery: $2,965.30, $806.10 per month
2. Due on delivery: $869.36, $869.36 per month
Does this look right?
Thank you,
Kevin

Yes.. it looks right.
Pick option #2

t_s_d_140

Could you please provide the mf and residual for a X5 xdrive 35i for 36mo/15k? Thanks.

leaseor

davewolfs said:

Michaell said:

davewolfs said:

Someone please help me understand this.

MSRP 73020
Gross Cap Cost 65678.4
Sales Tax 353.26
Cap Reduction 4041.6
Net Cap Cost 61990.06

Trying to understand why cap reduction is 4041.6 (not 4000) and how the tax of 353.26 is calculated.

Tax is on the incentives and fees, if you're adding them to the cap cost.

You'll have to ask the dealer what the deal is with the cap reduction - might be left over amount from the total cash due.

How can I calculate the tax on this. $1500 fleet and $4000 rebate. Rate is 7%.

Are you sure fleet is $1500 ? not $1000 ?

leaseor

kyfdx said:

thunder137 said:

OK, here is what I got from the dealer. A bit confusing...

MSRP: 73,785; 7% off, MF 152, residual 59%, NJ tax - 6.875%

$869.36 - 1st months payment due at signing

Sale Price - $67,620.00 (includes 1K fleet discount)

Inceptions capitalized in payment:

$2,159.20 - NJ Sales Tax
$925.00 - BMW Bank Fee
$304.50 - NJ Three year registration
$8.95 - Titling Fee
$6.00 - NJ Tire Tax
$270.48 - NJ Luxury Tax
$395.00 - Doc Fee
$4,069.13 - Total

$67,620.00 - Sale Price
+ $4,069.13 - Inceptions rolled into cap cost
$71,689.13

$71,689.13 - cap cost
- $3,000.00 - Holiday Credit (applied as cap cost reduction)
$68,689.13 - Net Cap Cost

Kevin

That looks to be exact.
No issues with any of that.
$395 doc fee is kind of a garbage fee, but typical for NJ dealers.

Is Doc fee negotiable ?