Request to validate Lease calculation

goel_ar1

State : NJ
Zip : 08820

I negotiated the price for BMW X7 to 89,626. I asked my dealer to send me the lease options. He sent me following numbers , can someone please validate that these number /calculations doesn’t include any hidden charges:

1. 10k miles/36 mos. :
   Msrp : 91425
   Discount-1799.00
   Price : 89,626

Aftermarket charges :$399
Customer cash : 7224
Doc fee : 799
Acquisition fees: 925 (is it possible to get it waived)
Advance payment : 1366
Upfront charges: 1724
Total cap reduction: 4133
Total cash at closing : 7224

Lease payment : 1366 for 36 months

2. 12k miles/36 months:

Msrp : 91425
Discount-1799.00
Price : 89,626

Aftermarket charges :$399
Customer cash : 16,675
Doc fee : 799
Acquisition fees: 925 (is it possible to get it waived)
Advance payment : 1328.91
Upfront charges: 1724
Total cap reduction: 4172.09
Security Deposit: 9450
Total cash at closing : 16,625

Lease payment : 1328.91 for 36 months

Thanks in advance
Arun

kyfdx

goel_ar1 said:

State : NJ

Zip : 08820

I negotiated the price for BMW X7 to 89,626. I asked my dealer to send me the lease options. He sent me following numbers , can someone please validate that these number /calculations doesn’t include any hidden charges:

1. 10k miles/36 mos. :
   
   Msrp : 91425
   
   Discount-1799.00
   
   Price : 89,626

Aftermarket charges :$399

Customer cash : 7224

Doc fee : 799

Acquisition fees: 925 (is it possible to get it waived)

Advance payment : 1366

Upfront charges: 1724

Total cap reduction: 4133

Total cash at closing : 7224

Lease payment : 1366 for 36 months

2. 12k miles/36 months:

Msrp : 91425

Discount-1799.00

Price : 89,626

Aftermarket charges :$399

Customer cash : 16,675

Doc fee : 799

Acquisition fees: 925 (is it possible to get it waived)

Advance payment : 1328.91

Upfront charges: 1724

Total cap reduction: 4172.09

Security Deposit: 9450

Total cash at closing : 16,625

Lease payment : 1328.91 for 36 months

Thanks in advance

Arun

The second one is with Multiple Security Deposits?

To check the payments, we need the Adjusted CAP cost. I notice there is no itemization of NJ sales tax.
Did they disclose the money factor used?

Acquisition fees can't be waived. They go to the leasing bank. Doc fees and aftermarket charges are pure extra revenue for the dealer, however.

goel_ar1

Second one is with multiple security deposits.
Money MF for 12k miles was 0.00093, residual value = 52%.

Isn't MF standard for car year, model, area?

The second one is with Multiple Security Deposits?

To check the payments, we need the Adjusted CAP cost. I notice there is no itemization of NJ sales tax.
Did they disclose the money factor used?

Acquisition fees can't be waived. They go to the leasing bank. Doc fees and aftermarket charges are pure extra revenue for the dealer, however.

kyfdx

goel_ar1 said:

Second one is with multiple security deposits.
Money MF for 12k miles was 0.00093, residual value = 52%.

Isn't MF standard for car year, model, area?

The second one is with Multiple Security Deposits?

To check the payments, we need the Adjusted CAP cost. I notice there is no itemization of NJ sales tax.
Did they disclose the money factor used?

Acquisition fees can't be waived. They go to the leasing bank. Doc fees and aftermarket charges are pure extra revenue for the dealer, however.

Money factors can be marked up by the dealer for extra profit.
Is it .00093 before being reduced by MSDs, or after?

Do you have the adjusted CAP costs for each quote?

goel_ar1

I am waiting on adjusted cap cost , mf was 0.00093 for 12k/36 months before msd

goel_ar1

Finally got it for 12k miles:
Msrp:91245
Discount:1799
Doc fees:799
Acq fees:925
DMV fees:668.28
Cap taxes:3111.52
Gross cap cost : 91838.28
Net cap cost:91,838.28
Mf - 0.00065 (after paying 7 msd)
Security deposit:10,150
Advance payment:1412.07
Due on delivery:11562.07

Payment:1412.07

goel_ar1

@goel_ar1 said:
Finally got it for 12k miles:
Msrp:91245
Discount:1799
Doc fees:799
Acq fees:925
DMV fees:668.28
Cap taxes:3111.52
Gross cap cost : 91838.28
Net cap cost:91,838.28
Mf - 0.00065 (after paying 7 msd)
Security deposit:10,150
Advance payment:1412.07
Due on delivery:11562.07

Payment:1412.07

Residual value-52%

goel_ar1

Net cap cost = 94,949.80

kyfdx

goel_ar1 said:

@goel_ar1 said:

Finally got it for 12k miles:

Msrp:91245

Discount:1799

Doc fees:799

Acq fees:925

DMV fees:668.28

Cap taxes:3111.52

Gross cap cost : 91838.28

Net cap cost:91,838.28

Mf - 0.00065 (after paying 7 msd)

Security deposit:10,150

Advance payment:1412.07

Due on delivery:11562.07

Payment:1412.07

Residual value-52%

These numbers look about right.

kyfdx

goel_ar1 said:

Net cap cost = 94,949.80

This number makes no sense, and disagrees with your previous post.

goel_ar1

@kyfdx said:
This number makes no sense, and disagrees with your previous post.

91245-1799+799+925+668.28+3111.52 = 94,949.90 - I am not paying any of the money down or taxes or fees. Is this not how we calculate net cap cost?

kyfdx

goel_ar1 said:

@kyfdx said:

This number makes no sense, and disagrees with your previous post.

91245-1799+799+925+668.28+3111.52 = 94,949.90 - I am not paying any of the money down or taxes or fees. Is this not how we calculate net cap cost?

Your other post lists the Gross CAP and Net CAP. Where did those numbers come from?

goel_ar1

@kyfdx said:
Your other post lists the Gross CAP and Net CAP. Where did those numbers come from

Net cap - I mistyped it in my original post. Net cap is : 94,949.90.

Numbers were given by dealer. Gross cap doesn't include State NJ taxes. Net cap cost does include taxes of 3111.52.

kyfdx

goel_ar1 said:

@kyfdx said:

Your other post lists the Gross CAP and Net CAP. Where did those numbers come from

Net cap - I mistyped it in my original post. Net cap is : 94,949.90.

Numbers were given by dealer. Gross cap doesn't include State NJ taxes. Net cap cost does include taxes of 3111.52.

I'm within a couple of dollars of the quote

goel_ar1

I found that steps to calculate- I come around 1413 too