2018 BMW 640 GT lease question

kiwi5094

Hi
I am considering leasing 2018 640 GT
wonder whats MF and residual for 12k miles /year
Thank you

kyfdx

kiwi5094 said:

Hi
I am considering leasing 2018 640 GT
wonder whats MF and residual for 12k miles /year
Thank you

.00156 MF and 53% residual
$2000 lease loyalty (for current BMWFS customers)

kyfdx

kiwi5094 said:

So I got the actual quote from BMW dealership
here is the price I got
BTW I am trading my 2015 X5 (lease is up in Aug 2018)

Actual MRRP 640 GT 79985
discount 10732
rebate 2000
Adjusted selling price 67253
Trade in value 35000
Trade difference 32253
Options (window tint) 495
Sales subtotal 32748
Tax 2188.82
Doc fee 149
E-Tag fee 5
Title 33
Title Cov fee 11
Trade payoff 36152.36
Remaining Balance 71287
Residual 41387.05
36 MO/12k and payment 1079.17
No down and Only paying first month payment at the delivery plus doc fees, title,license and tax on down payment

CAN you tell me if this deal is fair, good or bad ??


Thank you

So, you are eating $1152 to trade in your current vehicle?
What state?
Tax rate?

I can't make your residual line up with the MSRP. Is this a demo/service loaner?

kiwi5094

Thank you so much

kiwi5094

So I got the actual quote from BMW dealership
here is the price I got
BTW I am trading my 2015 X5 (lease is up in Aug 2018)

Actual MRRP 640 GT 79985
discount 10732
rebate 2000
Adjusted selling price 67253
Trade in value 35000
Trade difference 32253
Options (window tint) 495
Sales subtotal 32748
Tax 2188.82
Doc fee 149
E-Tag fee 5
Title 33
Title Cov fee 11
Trade payoff 36152.36
Remaining Balance 71287
Residual 41387.05
36 MO/12k and payment 1079.17
No down and Only paying first month payment at the delivery plus doc fees, title,license and tax on down payment

CAN you tell me if this deal is fair, good or bad ??


Thank you

kiwi5094

I guess I am eating 1152 to trade because it will cost around that money to return the lease
It is Texas
tax rate is 6.25
It is service loaner with 4000 miles
I was expecting more discounts
So what do you think ?

kyfdx

kiwi5094 said:

I guess I am eating 1152 to trade because it will cost around that money to return the lease
It is Texas
tax rate is 6.25
It is service loaner with 4000 miles
I was expecting more discounts
So what do you think ?

Okay.. that explains a lot.
I get $1006/mo. with those numbers.
I don't see the $925 acquisition fee in your list, but that would only add about $30/mo. to the payment.
So, I would assume they are marking up the money factor.

I agree.. on a service loaner, for a not that popular model, I'd expect a bigger discount.
And, no markups..

I would definitely want to be under $1000/mo, as it's structured now.