Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Did you get a great deal? Let us know in the Values & Prices Paid section!
Meet your fellow owners in our Owners Clubs

Lease

romo62romo62 Posts: 4
edited May 29 in BMW
Trying to figure out if I'm getting a good deal or how much more I should negotiate for a 2019 530e.

msrp: 57160
total cap cost 55,714
net trade $2500 (money they asked from my trade in-2015 e350 Mercedes 42000K miles)
money factor .00195
residual % 61 (10k miles annually)
month payment $617.75

Tagged:

Best Answers

  • romo62romo62 Posts: 4
    Accepted Answer
    Thank you so much! So, is the money factor inflated because I have read through these chats a number of .00165? What points do I make to get it down to that from .00195?

Answers

  • MichaellMichaell ColoradoPosts: 124,365
    romo62 said:

    Trying to figure out if I'm getting a good deal or how much more I should negotiate for a 2019 530e.

    msrp: 57160
    total cap cost 55,714
    net trade $2500 (money they asked from my trade in-2015 e350 Mercedes 42000K miles)
    money factor .00195
    residual % 61 (10k miles annually)
    month payment $617.75

    What ZIP code is this for?

    The $2500 is positive or negative equity?

    MF is marked up from the base of .00165

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • romo62romo62 Posts: 4
    zip code is 33327

    $2500 is listed as "net trade" so negative equity I think?...using the 18k trade for my 2015 e350 mercedes (same as carmax amount) as down payment so I think I'll only get check for 15.5K.

    yes, I have been reading the money factor as .00165. Never leased a car so this is very helpful.

    Paperwork says net cap cost of 49,714 (total cap cost of 55,714-net trade of 2500-rebate of 3500)
  • kyfdxkyfdx Posts: 130,616
    romo62 said:

    zip code is 33327

    $2500 is listed as "net trade" so negative equity I think?...using the 18k trade for my 2015 e350 mercedes (same as carmax amount) as down payment so I think I'll only get check for 15.5K.

    yes, I have been reading the money factor as .00165. Never leased a car so this is very helpful.

    Paperwork says net cap cost of 49,714 (total cap cost of 55,714-net trade of 2500-rebate of 3500)

    The $2500 is positive equity. Actually, $18K of positive equity, of which you are using $2500 upfront on the lease.

    With that NET CAP, the payment looks about right.
    Your selling price must be less than the $55714, as you have to account for fees (and in FL, those could be very high)

    The money factor markup adds about $27/mo. to your payment.

    To judge your price, you need a breakdown of that Gross CAP, so you can see what are legitimate charges, and what might be egregious.

    And, of course, this is all predicated on if you think their trade-in offer is fair.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • romo62romo62 Posts: 4
    Thank you so much. They came down to my number!
  • kyfdxkyfdx Posts: 130,616
    romo62 said:

    Thank you so much. They came down to my number!

    Congrats!

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

Sign In or Register to comment.