2018 530ix lease

drubin2

I have a current BMW 535 lease with 2 payments remaining of $715.00 each which i took in yesterday for a pre end of lease inspection which i was told would get me a $1000 credit on a new lease. the actual lease end date is may 28th 2018. I was quoted a retail price as i requested with the equipment and packages i wanted of $66,435.00 and a sales price of $64,169.00 plus 250.00 doc fee, 2081.16 capitalized taxes,925 acquisition fee, less $4000.00 rebate and $2500.00 down payment for a net cap cost of $62,209. Lease terms are 36 months 10,000 miles 61% residual and a payment of $785.00 this seems high to me any thougths.

kyfdx

drubin2 said:

I have a current BMW 535 lease with 2 payments remaining of $715.00 each which i took in yesterday for a pre end of lease inspection which i was told would get me a $1000 credit on a new lease. the actual lease end date is may 28th 2018. I was quoted a retail price as i requested with the equipment and packages i wanted of $66,435.00 and a sales price of $64,169.00 plus 250.00 doc fee, 2081.16 capitalized taxes,925 acquisition fee, less $4000.00 rebate and $2500.00 down payment for a net cap cost of $62,209. Lease terms are 36 months 10,000 miles 61% residual and a payment of $785.00 this seems high to me any thougths.

With the base money factor of .00152, I get $759/mo, using your numbers.

But, if I add all that up, plus add in the first payment, and subtract the $4000 + $2500, I get $61,710, not $62,209.
So, we are off by $499 for something?

1) Find your missing $500
2) Ask them for money factor used, then insist on .00152
3) Ask for a bigger discount. That isn't even 3.5% off, before rebates. You should be targeting 6-7% off.

Result
$62,450 selling price (6% off)
$3256 extras (tax, doc, acq.fee you listed above)
$690 first payment
$66,396 Gross CAP
- $6500
$59,896 Net CAP
$690/mo. including tax, with $2500 out of pocket.

drubin2

What residual did you use in the 690.00 a moth calculation you did

kyfdx

drubin2 said:

What residual did you use in the 690.00 a moth calculation you did

61%, as you noted in your post

drubin2

Is that the highest rv I should expect to get

kyfdx

drubin2 said:

Is that the highest rv I should expect to get

Yes... the residual is fixed by the leasing bank. The dealer cannot alter it, and it is non-negotiable.