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BMW 5-Series Lease Questions
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Comments
Thanks
Good luck.
BTW, are they offering tax credit these days?
fm
Please help me calculate lease payments. Here are the figures:
MSRP = 55970
Selling price = 52970
12000/36
Sales tax = 6.25%(must be paid upfront)
Thanks.
fm
was wondering what the mf and residual would be for a fully optioned 530xi wagon. also, any recommendations on a dealership in los angeles?
thank you
24 mo/15k mi – Residual Value 70% of MSRP – .00090 Base Money Factor Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00090 Base Money Factor Rate
48 mo/15k mi – Residual Value 38% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 30% of MSRP – .00322 Base Money Factor Rate
Add 2% for 12K and 3% for 10K to the residual on all terms...
From bimmerfest.com...
Cap Cost $52,970
Residual % 62.00%
Residual $ $34,701.40
Lease Term 36
Monthly Depreciation $507.46
Net Money Factor 0.0005
Monthly Interest $43.84
Base Payment $551.30
Tax = $1,240.42
Assuming you're not a 1st time BMWFS customer. You'll have to make a security deposit of $600 to get the 0.0005 buy rate.
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Thanks for getting back to me. Can you please send me your spreadsheet to Kindzbee@yahoo.com
When I gave the dealer your quote and he asked about the markup number, I said I guess that is the profit and he told me " I am not doing business with you" and hung up the phone on me. This from a guy who has been calling me for 3 months with a great "deal". Everytime he calls, he screws up the numbers and is never prepared. Luckily, there are about 4 other dealers in about 10 square miles where I live. I have another deal on the table, and if I can move them down another 500-1000 off of the msrp, I should be in decent shape.
Thanks.
MSRP = $53,920
Sell Price = $51,764
Residual = 60% ($32,352)
Lease Term = 36 months / 15k miles per year
Money Factor = .0005
Sales Tax = 6.75%
Acquisition Fee = $625
Security Deposit = $700
Here is the catch. I'm being told that in Illinois sales tax must be paid on the full value of the car. As a result, the dealer is indicating that $3,497 in tax has to be included. Therefore Adjusted Cap is assumed to be Sell Price + tax + Acq. Fee or a total of $55,944.
This results in total monthly payment of $699. Total of $1,542 up front (First month, security deposit and $143 for title/tags)
Can anyone give me their thoughts on this deal and verify that is how sales tax works in Illinois. Thanks.
$100/mo. in taxes sort of sours the deal, huh?
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Edmunds Moderator
With the Cold Weather Pkg, and Premium Package
MSRP $52,020.00
$535/mo including tax for 36 months (10,000 miles per year.)
$535 First month's payment
$2,500 Down payment
$500 Security deposit
$3535.38 Cash due at signing
Current sales Tax is 6.75%
Thanks in advance!
MSRP $52,020.00
Cap Cost $49,337.00
Residual % 63.00%
Residual $ $32,772.60
Lease Term 36
Monthly Depreciation $460.12
Net Money Factor 0.0005
Monthly Interest $41.05
Base Payment $501.18
Tax $33.83
Monthly Payment $535.01
Security Deposit $550.00
You're making a $2,500 down payment to reduce the cap. Assuming they added the inception of $625 to your cap cost...You're basically only getting around $800 off of MSRP. I don't know if that's a good deal or not where you live. But I would put the down payment towards the security deposits and buy down your MF. Your SD are refundable at the end of your lease. Again, a lot of these numbers here are guesses because the exact options are not known...
MSRP $52,020.00
Lease Term: 36 months @ 10,000 miles per year
Mileage: 120
Model Number: 0750
Engine: 3.0L I6
Transmission: Automatic
Options
205:6-SPEED STEPTRONIC AUTOMATIC TRANSMISSION W/OD
ZCW:COLD WEATHER PKG -inc: heated front seats, headlight cleaning system, heated steering wheel
ZPP:PREMIUM PKG -inc: Dakota leather seat upholstery, Dakota leather door trim, universal garage door opener, auto-dimming rearview mirror (N/A w/KB__ Leatherette Seat Upholstery)
$2500 down payment
$168.75 (tax on the down payment - local county sales tax @ 6.75%)
$535 first payment
$75.00 license/title fees
$550 refundable security deposit (waived)
Total Due at signing: $3278.75
Thank you so much..
MSRP $52,020.00
Cap Cost $51,836.00
Residual % 63.00%
Residual $ $32,772.60
Lease Term 36
Monthly Depreciation $529.54
Net Money Factor 0.00022
Monthly Interest $18.61
Base Payment $548.15
Tax $37.00
Monthly Payment $585.15
Security Deposit $600.00
Total Refundable Security Deposit $2,400.00
Your monthly would be higher, but you will get the $2,400 SD returned when your lease ends. I wouldn't put any down payment for the lease! Put that money towards the security deposits. Think of it as a investment. By putting $2,400 as security deposits, your TOTAL interest for 3 years will be $807.85. But by putting the $2,500 as down payment, your paying $1,477.94 in interest for the life of the lease and you do not get that money back. Remember, if you have the cash, put down the max 7, or 6 in this case because the lowest MF you could buy down to is 0.00008 (BMWFS min is 0.00005). If you could do 6 security deposits, here are you new calculations:
MSRP $52,020.00
Cap Cost $51,836.00
Residual % 63.00%
Residual $ $32,772.60
Lease Term 36
Monthly Depreciation $529.54
Net Money Factor 0.00008
Monthly Interest $6.77
Base Payment $536.31
Tax $36.20
Monthly Payment $572.51
Security Deposit $600.00
Total Security Deposit $3,600.00
By doing this, your monthly interest will be only $6.77 and savings of $1,234.08 in interest payments over the life of your lease. This is all assuming that you're getting the buy rate of 0.0005 from BMWFS. Good luck!
According to my spreadsheet calculations in order to get a payment of $699/month, if they agree to a MF of .0005 instead of .0009 that they have quoted and drop the quoted acquisition fee from $825 to $650, I will need them to sell the car for $2,970 off of MSRP or give me some full or partial tax credits. So far (with no negotiation on my part) they have only offered $1,470 off of MSRP and my salesman said that no tax credits were currently available, although he said it is possible that they may have some in December.
Do you think I can get them to agree to $2,970 off of MSRP that is about $1,285 above invoice or find some tax credits. If I can get the car for less than $700/month with only the first month and a refundable security deposit of $750 due at signing, it’s a done deal.
Thanks in advance for your help.
MSRP = 58140
Sport
Premium
Nav
Cold Weather
Comfort Access
Logic 7
Sat Radio
Cap cost $54279 ( Invoice price $53360 + $625 Acquisition )
MF - 0.00008 ( with 6 extra security deposits )
Residual - 73%
Monthly Payment - 538.78
Total Cash down at signing 4388.78 including ( 7 Security deposits = 3850 + First month payment ) Of which $3850 is refunded at lease end. Never put money down on cap cost.
I chose the 10k lease because there is no sense paying for mileage up front. Up to four month prior to lease end you can buy more miles through BMWFS for only 0.16 per mile opposed to the 0.20 per mile at lease end. When you buy up front you are still paying 0.15 per mile. That 1% increase in residual on a 58k car is significant.
I didn't have to haggle on anything as it was pretty apparent that I had done my homework from my initial faxed letter to the dealer.
Hope this helps
Triston
Base 530i = 43880
sport = 2550
prem = 1640
CWP = 685
Nav = 1640
CA = 910
Sat Rad = 540
Log 7 = 1090
Destination = 695
= $53630
Triston
609 Navigation $1,730.00 $1,900.00
I guess it was a typo for your original post. You put $53,360. So you didn't get charged for MACO either?
Triston
36 months $689,0 down inception fees only, tax upfront, 10k /yr. Just got this from dealer on the Web.
Yet to test drive a 530xi. Is it the same fun as a 530i with sports to drive.?
530i Base $43,880.00 $47,500.00
205 Steptronic Auto Trans $1,210.00 $1,275.00
ZSP Sport Package $2,550.00 $2,800.00
ZPP Premium Package $1,640.00 $1,800.00
609 Navigation $1,730.00 $1,900.00
653 HD Radio $455.00 $500.00
322 Comfort Access $910.00 $1,000.00
610 HUD $910.00 $1,000.00
655 SIRIUS $540.00 $595.00
ZCP Cold Weather $685.00 $750.00
Destination Charge $695.00 $695.00
Totals $55,205.00 $59,815.00
Am I missing something? But just with those options the number they gave you sucks! RUN! Here you go:
MSRP $59,815.00
Cap Cost $60,730.00
Residual % 63.00%
Residual $ $37,683.45
Lease Term 36
Monthly Depreciation $640.18
Net Money Factor 0.0005
Monthly Interest $49.21
Base Payment $689.39
That's not including TAX since you're paying it upfront. I added MACO ($400) and inception of $625 into the cap. Looks like they're only taking off $100 off of MSRP. You can do much better! Good luck!
Thank you so much! You are awesome!
I sent numbers that you gave it to me and my dealer will do this. Is it good deal now?
----------------------------
six(6) total SD - monthly payment = $572.52 include tax
Your total amount due at start is -
6 x 600 security deposits = $3600
First Payment = $572.52
Plates fees = $75.00
$4247.52 total due (of which $3600 is refundable)
MSRP $52,020.00
Cap Cost $51,035.00
Residual % 63.00%
Residual $ $32,772.60
Lease Term 36
Monthly Depreciation $507.29
Net Money Factor 0.00008
Monthly Interest $6.70
Base Payment $513.99
Tax $34.69
Monthly Payment $548.69
Security Deposit $550.00
Total Security Deposit $3,300.00
See that'll drop your payment below $550 and lower your security deposit. If I were you, I would start at another $1,200 off and see where you can go from there. It would hurt...
He gave me an Inv Price of $56,185 and says I am missing an option. I will straighten it out with him.
He thinks he can give it to me close to Invoice !!!!
Just curious - I use the MSRP $60,415 and Invoice Price 56,185 what will be the Base Payment ? Can you tell me how to arrive at the montly depr and int. I don't wanna be bothering you :-)
(Capitalized Cost + Residual Value) X Money Factor = Monthly Interest
Monthly Depreciation + Monthly Interest = Base Monthly Payment
Option Description Invoice MSRP
530i Base xi $45,905.00 $49,700.00
205 Steptronic Auto Trans $1,210.00 $1,275.00
ZSP Sport Package $2,550.00 $2,800.00
ZPP Premium Package $1,640.00 $1,800.00
609 Navigation $1,730.00 $1,900.00
653 HD Radio $455.00 $500.00
322 Comfort Access $910.00 $1,000.00
610 HUD $910.00 $1,000.00
655 SIRIUS $540.00 $595.00
ZCP Cold Weather $685.00 $750.00
Destination Charge $695.00 $695.00
Totals $57,230.00 $62,015.00
MSRP $62,015.00
Cap Cost $59,440.00
Residual % 63.00%
Residual $ $39,069.45
Lease Term 36
Monthly Depreciation $565.85
Net Money Factor 0.00125
Monthly Interest $123.14
Base Payment $688.99
In the cap cost:
$400 MACO
$625 Inception
$1,185 over invoice
That's not bad...Sorry for my oversight in the original post...
No problem - here goes
MSRP $60415
invoice plus prep $56185
Acq fee $625
Resid value $38061
MF .00125 (rate 3%)
Title, MV and lux tax $670.58
Doc fee $249
Security Deposit $700
Disp fee $350
monthly payment $689 not including State tax
Any hidden charges in there ?
How did you arrive at Cap Cost = $59,440.00 ???
David
hi, are you in los angeles? if so can you recommend a dealership?
thank you
MACO = 400
Inception = 625
Profit = 1185
That's what i got to arrive at payment of ~$689 w/out tax. The pricing that I have are effective after 9/1/06. So, if the car was built before, I don't know what the difference is. You probably can check on bimmerfest.com for the pricing prior to 9/1/06 for MY 2007.
MSRP (w/Dest) : $54,790
Buy Price: : $51,725 (1.1K over Edmunds Invoice)
Acq. Fee : $625
Money Factor : 0.0009
3yr, 15k/yr : 60% residual
Lease D. Fee : $350
617+ 51(tax): 668/month
(Car comes off the truck in 10 days)
This is the best deal I've gotten among many Bay Area dealers, everyone is uniformly offering .0009 MF, If I did 8 X $700 Security deposits the Money factor can come down to 0.00043.
Am I dreaming on the .0005 MF or is 0.0009 the best for first time BMW FS customers?
Is the price reasonable?
Any other fees, gotchas I need to be aware of?
Also, they do have some tax credits available now, but said becaus of that there will be no discount fom the MSRP. I find this crazy.
Add 2% to Residual Value for 12k mi/yr and 3% for 10k mi/yr on all terms
2007 BMW 328 Series 328Ci Coupe / Compare Instant Lease Quotes
24 mo/15k mi – Residual Value 68% of MSRP – .00125 Base Money Factor Rate
36 mo/15k mi – Residual Value 58% of MSRP – .00125 Base Money Factor Rate
48 mo/15k mi – Residual Value 44% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 36% of MSRP – .00322 Base Money Factor Rate
2007 BMW 328 Series 328xi Coupe / Compare Instant Lease Quotes
24 mo/15k mi – Residual Value 70% of MSRP – .00100 Base Money Factor Rate
36 mo/15k mi – Residual Value 58% of MSRP – .00100 Base Money Factor Rate
48 mo/15k mi – Residual Value 44% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 36% of MSRP – .00322 Base Money Factor Rate
2007 BMW 328 Series 328i Sedan
24 mo/15k mi – Residual Value 71% of MSRP – .00190 Base Money Factor Rate
36 mo/15k mi – Residual Value 61% of MSRP – .00190 Base Money Factor Rate
48 mo/15k mi – Residual Value 45% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 36% of MSRP – .00322 Base Money Factor Rate
2007 BMW 328 Series 328xi Sedan
24 mo/15k mi – Residual Value 71% of MSRP – .00190 Base Money Factor Rate
36 mo/15k mi – Residual Value 61% of MSRP – .00190 Base Money Factor Rate
48 mo/15k mi – Residual Value 45% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 36% of MSRP – .00322 Base Money Factor Rate
2007 BMW 328 Series 328i Wagon
24 mo/15k mi – Residual Value 70% of MSRP – .00225 Base Money Factor Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00225 Base Money Factor Rate
48 mo/15k mi – Residual Value 42% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 34% of MSRP – .00322 Base Money Factor Rate
2007 BMW 328 Series 328xi Wagon
24 mo/15k mi – Residual Value 70% of MSRP – .00225 Base Money Factor Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00225 Base Money Factor Rate
48 mo/15k mi – Residual Value 42% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 34% of MSRP – .00322 Base Money Factor Rate
2007 BMW 335 Series 335i Coupe / Compare Instant Lease Quotes
24 mo/15k mi – Residual Value 69% of MSRP – .00175 Base Money Factor Rate
36 mo/15k mi – Residual Value 58% of MSRP – .00175 Base Money Factor Rate
48 mo/15k mi – Residual Value 44% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 36% of MSRP – .00322 Base Money Factor Rate
2007 BMW 335 Series 335i Sedan
24 mo/15k mi – Residual Value 71% of MSRP – .00150 Base Money Factor Rate
36 mo/15k mi – Residual Value 61% of MSRP – .00150 Base Money Factor Rate
48 mo/15k mi – Residual Value 44% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 36% of MSRP – .00322 Base Money Factor Rate
2007 BMW 5 Series 525i / Compare Instant Lease Quotes
24 mo/15k mi – Residual Value 70% of MSRP – .00050 Base Money Factor Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00050 Base Money Factor Rate
48 mo/15k mi – Residual Value 42% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 32% of MSRP – .00322 Base Money Factor Rate
2007 BMW 5 Series 525xi / Compare Instant Lease Quotes
24 mo/15k mi – Residual Value 70% of MSRP – .00100 Base Money Factor Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00100 Base Money Factor Rate
48 mo/15k mi – Residual Value 41% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 33% of MSRP – .00322 Base Money Factor Rate
2007 BMW 5 Series 530i / Compare Instant Lease Quotes
24 mo/15k mi – Residual Value 70% of MSRP – .00050 Base Money Factor Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00050 Base Money Factor Rate
48 mo/15k mi – Residual Value 41% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 32% of MSRP – .00322 Base Money Factor Rate
2007 BMW 5 Series 530xi / Compare Instant Lease Quotes
24 mo/15k mi – Residual Value 70% of MSRP – .00125 Base Money Factor Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00125 Base Money Factor Rate
48 mo/15k mi – Residual Value 42% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 33% of MSRP – .00322 Base Money Factor Rate
2007 BMW 5 Series 530xiT / Compare Instant Lease Quotes
24 mo/15k mi – Residual Value 70% of MSRP – .00090 Base Money Factor Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00090 Base Money Factor Rate
48 mo/15k mi – Residual Value 38% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 30% of MSRP – .00322 Base Money Factor Rate
2007 BMW 5 Series 550i / Compare Instant Lease Quotes
24 mo/15k mi – Residual Value 70% of MSRP – .00150 Base Money Factor Rate
36 mo/15k mi – Residual Value 59% of MSRP – .00150 Base Money Factor Rate
48 mo/15k mi – Residual Value 37% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 29% of MSRP – .00322 Base Money Factor Rate
2007 BMW 6 Series 650CiC Convertible
24 mo/15k mi – Residual Value 72% of MSRP – .00322 Base Money Factor Rate
36 mo/15k mi – Residual Value 61% of MSRP – .00322 Base Money Factor Rate
48 mo/15k mi – Residual Value 51% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 42% of MSRP – .00322 Base Money Factor Rate
2007 BMW 6 Series M6 Convertible
24 mo/15k mi – Residual Value 72% of MSRP – .00322 Base Money Factor Rate
36 mo/15k mi – Residual Value 61% of MSRP – .00322 Base Money Factor Rate
48 mo/15k mi – Residual Value 51% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 42% of MSRP – .00322 Base Money Factor Rate
2007 BMW 6 Series 650Ci Coupe
24 mo/15k mi – Residual Value 65% of MSRP – .00322 Base Money Factor Rate
36 mo/15k mi – Residual Value 54% of MSRP – .00322 Base Money Factor Rate
48 mo/15k mi – Residual Value 45% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 37% of MSRP – .00322 Base Money Factor Rate
2007 BMW 6 Series M6 Coupe
24 mo/15k mi – Residual Value 70% of MSRP – .00322 Base Money Factor Rate
36 mo/15k mi – Residual Value 60% of MSRP – .00322 Base Money Factor Rate
48 mo/15k mi – Residual Value 49% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 41% of MSRP – .00322 Base Money Factor Rate
2007 BMW 7 Series 750i Sedan
24 mo/15k mi – Residual Value 68% of MSRP – .00200 Base Money Factor Rate
36 mo/15k mi – Residual Value 58% of MSRP – .00200 Base Money Factor Rate
48 mo/15k mi – Residual Value 37% of MSRP – .00322 Base Money Factor Rate
60 mo/15k mi – Residual Value 30% of MSRP – .00322 Base Money Factor Rate
2007 BMW 7 Series 750i Sedan w/Individual
24 mo/15k mi – Residual V
0.0005 Buy Rate
0.00015 Add-on for 1st time BMWFS cust, waived if 1st deposit is made or if you're prior BMWFS customer.
0.00007 Drops the MF by this amount with each SD made, max 8 (7 + 1st)
0.00005 Lowest MF allowed, so with the buy rate at 0.0005, then the lowest you can get here is 0.00008.
Dealers can add a MAX of 0.0004 to the buy rate for their profit!
0.0005 + 0.00015 (1st add on)
0.0005 after 1 SD
0.00008 (0.0005 - (6*0.00007)).
Since the lowest allowed is 0.00005. IN THIS CASE it's 7 SDs if you're a 1st time BMWFS customer as i mentioned. I signed a deal like this...It's 6 if you're a prior BMWFS customer.