Hi Guys, I really need some help here because I cannot make up my mind.
The car I am negotiating is a 328d in SoCalifornia.
VIN WBA3D3C56EK156482
Base - $38600
Destination fee-$925
Premium package - $3100
Heated seats - $500
Navigation - $2150
Total MSRP $45275
The deal offered is:
36 months lease
15000 miles/year
Total out of pocket- $1729.40
Monthly -$440 + TAX(8.25%)
Please somebody run these numbers for me and figure out if it is OK, because I am going "loco"
@stef3 said:
Hi Guys, I really need some help here because I cannot make up my mind.
The car I am negotiating is a 328d in SoCalifornia.
VIN WBA3D3C56EK156482
Base - $38600
Destination fee-$925
Premium package - $3100
Heated seats - $500
Navigation - $2150
Total MSRP $45275
The deal offered is:
36 months lease
15000 miles/year
Total out of pocket- $1729.40
Monthly -$440 + TAX(8.25%)
Please somebody run these numbers for me and figure out if it is OK, because I am going "loco"
.00130 base MF and 61% residual.
Let's assume that the $1730 upfront pays the acquisition fee, 1st payment and title/registration/doc fee.
To get to the $440 pre-tax payment, the selling price would have to be $40,300, assuming they are using the base money factor. Since BMW is offering $2750 of incentives on this model, that makes the dealer discount from MSRP $2225. That's about 5% off... I'd be shooting for 7% off... that would be another $900 off the selling price, or a pre-tax payment of $414/mo.
Hi, I'm in tx and looking at the 328xdrive, with premium package, navigation, and cold weather. I've been quoted the following or similar from 2 dealerships and think the numbers should be lower, can you help with what would be best counteroffer:
MSRP-46975
Cap Cost 43,825
MF-.00170 (my experian score is 657, tranunion&equifax are 660/670)
36 mth/15k
tax-1520
doc fee 50
nondoc fee 229?
trade in 2011 328i 36k, payoff 17321, offered 19500
USAA member
Previous bmw owner
what is residual on 328ixdrive?
What are bmw dealer incentives for xdrive?
do usaa members get 500 off?
is bmw loyalty 750?
@dd2014 said:
Hi, I'm in tx and looking at the 328xdrive, with premium package, navigation, and cold weather. I've been quoted the following or similar from 2 dealerships and think the numbers should be lower, can you help with what would be best counteroffer:
MSRP-46975
Cap Cost 43,825
MF-.00170 (my experian score is 657, tranunion&equifax are 660/670)
36 mth/15k
tax-1520
doc fee 50
nondoc fee 229?
trade in 2011 328i 36k, payoff 17321, offered 19500
USAA member
Previous bmw owner
what is residual on 328ixdrive?
What are bmw dealer incentives for xdrive?
do usaa members get 500 off?
is bmw loyalty 750?
Any help would be much appreciated. Thanks:)
Residual for 36/15 is 61% on the 328xi. Using your numbers, I calculate a pre-tax payment of $544.61.
The base MF is .00130, but that may be marked up by the dealer due to your credit score.
Build out cash of $2000 this month; can't speak to loyalty or USAA incentives.
thanks, your comments help. I've emailed many bmw dealers for quotes and also called dm leasing...do you know anything about dm leasing? is it reputable? They say they work differently than the bm dealerships. I'm just leery of not going through bmw for a lease.
@dd2014 said:
thanks, your comments help. I've emailed many bmw dealers for quotes and also called dm leasing...do you know anything about dm leasing? is it reputable? They say they work differently than the bm dealerships. I'm just leery of not going through bmw for a lease.
Not familiar with DM leasing. I'd stick with the captive manufacturer finance company, just so there aren't any surprises at the end of the lease (damage charges, etc.).
@bmwgolfer said:
Good morning -- negotiated purchase price is $40,000.
Thanks. Using the MSRP of $47,000 and the purchase price of $40,000, along with the base MF of .00130 and residual of 60% for 36mo/15K, I get a pre-tax payment of $416.44.
Michaell, thanks for the quick response. I am having trouble getting to the number you quoted using Edmunds' car lease calculator. Is there a different calculator you are using? If so, can you please point me in the right direction? Thanks!
@bmwgolfer said:
Michaell, thanks for the quick response. I am having trouble getting to the number you quoted using Edmunds' car lease calculator. Is there a different calculator you are using? If so, can you please point me in the right direction? Thanks!
I built my own spreadsheet .. what numbers are you getting? Can you break down the depreciation and finance charges within the monthly payment?
I currently reside in GA and am looking to lease a new 328i and or 335i. From what I've seen in the forum, I should expect to get 5-10% off MSRP for a newly leased vehicle (which includes all deductions from incentives and increases from Acq. and Doc Fees...etc).
Unfortunately, GA has changed the laws such that I would need to pay taxes (~7%) up front on the cap cost of the car (i.e., taxes on a $40-$50k vehicle) and my lease payments will not have monthly tax added to them, but instead the capitalized cost would be increased by the amount of taxes on the car (i.e., add ~$2,700 to a $40,000 negotiated price of the vehicle). I don't believe this increases the residual either.
From an economic perspective, paying taxes on the whole price of the car is terrible, and furthermore, if I decide to purchase, I would need to pay taxes AGAIN on the purchase price (so I'm definitely not purchasing). I cannot lease in another state as the car needs to be registered here, so I'm stuck paying taxes in GA no matter what. I know there's a few other states that have this issue and folks have said to go the BMW Select route, but I'm not interested in purchasing a car, regardless of how low the interest rate is.
Has anyone had recent success negotiating the price lower than the typical 5-10% (in this situation) in order to partially make up for uneconomic lease structure in GA? Any suggestions would be much appreciated.
@gacarguy2014 said:
I currently reside in GA and am looking to lease a new 328i and or 335i. From what I've seen in the forum, I should expect to get 5-10% off MSRP for a newly leased vehicle (which includes all deductions from incentives and increases from Acq. and Doc Fees...etc).
Unfortunately, GA has changed the laws such that I would need to pay taxes (~7%) up front on the cap cost of the car (i.e., taxes on a $40-$50k vehicle) and my lease payments will not have monthly tax added to them, but instead the capitalized cost would be increased by the amount of taxes on the car (i.e., add ~$2,700 to a $40,000 negotiated price of the vehicle). I don't believe this increases the residual either.
From an economic perspective, paying taxes on the whole price of the car is terrible, and furthermore, if I decide to purchase, I would need to pay taxes AGAIN on the purchase price (so I'm definitely not purchasing). I cannot lease in another state as the car needs to be registered here, so I'm stuck paying taxes in GA no matter what. I know there's a few other states that have this issue and folks have said to go the BMW Select route, but I'm not interested in purchasing a car, regardless of how low the interest rate is.
Has anyone had recent success negotiating the price lower than the typical 5-10% (in this situation) in order to partially make up for uneconomic lease structure in GA? Any suggestions would be much appreciated.
Yes, the "ad valorem" tax has really hurt folks who try to lease in GA. Illinois had a similar tax situation, but legislation was just passed to rescind the "tax the whole purchase price" on a lease. However, the new law doesn't go into effect until 1/1/15.
Texas is another state that taxes leases this way; others have discussed how the dealer can offer 'tax credits' to offset this amount. Perhaps Georgia dealers will begin to offer this incentive as well?
BMW Select is designed specifically for these states ... it's a balloon payment program, with a set residual at the end of the term. For the 328i, the 3 year residual is 54% if your credit score is 700 or higher; the 335i residual is 52%. Remember, with the Select program, there are no mileage restrictions.
Why, specifically, are you not interested in a purchase option? Are there business / accounting reasons advantages for leasing in your case?
How long are the terms of the BMW select program? Do you have the residual on 60 month terms? Back of the envelope (assuming 2.9% rate for 36 month Select Program) and $40,000 purchase price (MSRP of $45,000) + $2,700 in taxes, with a 54% residual, I calculate ~$590/month with balance of $24,300 due at maturity.
For the same car, as a lease for 36 months (in GA) with a 63% residual, and a maximum of 7 MSDs, I'm calculating ~$454/month (which is about $50 more than the monthly payment incl. a monthly tax). Given that I'd have to live with the $454/month, has there been any success getting a discount beyond 10%? On a $45,000 MSRP, I'd need to see around 15%-18% off MSRP ($6,500-$8,000) before taxes to get an equivalent price, which at least $1,500 more than the indicative $5,000.
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@gacarguy2014 said:
How long are the terms of the BMW select program? Do you have the residual on 60 month terms? Back of the envelope (assuming 2.9% rate for 36 month Select Program) and $40,000 purchase price (MSRP of $45,000) + $2,700 in taxes, with a 54% residual, I calculate ~$590/month with balance of $24,300 due at maturity.
33% for 328i and 31% for 335i 60 month Select program.
For the same car, as a lease for 36 months (in GA) with a 63% residual, and a maximum of 7 MSDs, I'm calculating ~$454/month (which is about $50 more than the monthly payment incl. a monthly tax). Given that I'd have to live with the $454/month, has there been any success getting a discount beyond 10%? On a $45,000 MSRP, I'd need to see around 15%-18% off MSRP ($6,500-$8,000) before taxes to get an equivalent price, which at least $1,500 more than the indicative $5,000.
I don't think 15% off sticker is doable. The most I've seen is 6-8%. However, on a lease, you can make multiple security deposits (MSD) to lower your MF from .00130 down to .00081, which will reduce your payment. And, you get that money back at the end of the lease.
EDIT - oops, I see you are factoring in MSD into your lease calcs.
Please help me as I am new to leasing. I have only bought cars previously
I am interested in the following vehicle BMW 328D x drive msrp is 49225 with invoice of 45280. Assuming i can get at invoice and there is a 2750 incentive the cap cost should be 42530. I would like 15k miles and 36 months. I will be attending a bmw event tomorrow which will give me a 1000 coupon whether that can be used or not I do not know.
I think instead of going in and asking for prices I want to know what I should pay per month without tax before i go in.
I am not sure of the resid value I think it is 61 percent and I will be giving full security deposits to get to the lowest MF I assume this is .00081 as above.
I will pay out of pocket any fees required to start the lease. So what should I pay per month with this scenario. I will run the numbers but I am afraid I will mess something up
@mechrad said:
Please help me as I am new to leasing. I have only bought cars previously
I am interested in the following vehicle BMW 328D x drive msrp is 49225 with invoice of 45280. Assuming i can get at invoice and there is a 2750 incentive the cap cost should be 42530. I would like 15k miles and 36 months. I will be attending a bmw event tomorrow which will give me a 1000 coupon whether that can be used or not I do not know.
I think instead of going in and asking for prices I want to know what I should pay per month without tax before i go in.
I am not sure of the resid value I think it is 61 percent and I will be giving full security deposits to get to the lowest MF I assume this is .00081 as above.
I will pay out of pocket any fees required to start the lease. So what should I pay per month with this scenario. I will run the numbers but I am afraid I will mess something up
thanks so much
Bill,
Your numbers are spot on - base MF is .00130 (.00081 after MSD) and 61% residual for 36/15.
I get a pre-tax payment of $406.07 with the above and your MSRP and net cap cost. If you can use the $1000 event coupon to reduce the cap cost further, the payment should decrease about $28/mo.
Greetings, I have a lease offer on a loaner 2014 328i xdive MSRP $49,275 with 6,900 miles.
Sale Price is $42,900 + 925 acquisition fee total $43,825. Residual $29,745.68. 12k miles 36 months with no cap cost reduction. Paying up front for first payment, tax 7.78 (Minneapolis,MN) Doc fee 75.00, upfront fee 600.75. Is this a good deal?
@gacarguy2014 said:
How long are the terms of the BMW select program? Do you have the residual on 60 month terms? Back of the envelope (assuming 2.9% rate for 36 month Select Program) and $40,000 purchase price (MSRP of $45,000) + $2,700 in taxes, with a 54% residual, I calculate ~$590/month with balance of $24,300 due at maturity.
For the same car, as a lease for 36 months (in GA) with a 63% residual, and a maximum of 7 MSDs, I'm calculating ~$454/month (which is about $50 more than the monthly payment incl. a monthly tax). Given that I'd have to live with the $454/month, has there been any success getting a discount beyond 10%? On a $45,000 MSRP, I'd need to see around 15%-18% off MSRP ($6,500-$8,000) before taxes to get an equivalent price, which at least $1,500 more than the indicative $5,000.
The Select program only makes sense, if you plan on buying the car... It's designed to get a payment closer to a lease. I guess the other advantage is.... if you trade it in, you can get a trade-in credit against the taxes on your next vehicle.
36% and 34% for the 2015 328i or 335i for 60 months.
I am being offered the following deal on a 2014 328d xdrive.
MSRP 47750
Cap Cost 39975
Includes 2750 + 1000 test drive credit.
36 mos 12K
1st payment, bank fee, registration down.
$367/month plus 7% NJ sales tax= $393/month
????
@mwgdc said:
I am being offered the following deal on a 2014 328d xdrive.
MSRP 47750
Cap Cost 39975
Includes 2750 + 1000 test drive credit.
36 mos 12K
1st payment, bank fee, registration down.
$367/month plus 7% NJ sales tax= $393/month
????
Close enough .. I'm getting $365.87 before tax. NJ taxes the entire lease amount up front - you can pay at lease inception or add the tax to the net cap cost. The monthly payment itself isn't taxed.
Hi all, I'm looking to get a lease in California for a 328xi wagon.
0 down, 12k miles, 36 mts, 7 msd's. Selling price is $44850 and I would like to know if I could get close to $400 monthly ?
@121 said:
Hi all, I'm looking to get a lease in California for a 328xi wagon.
0 down, 12k miles, 36 mts, 7 msd's. Selling price is $44850 and I would like to know if I could get close to $400 monthly ?
Thanks!
If the selling price is 7% off MSRP minus the $1000 buildout cash incentive, and you capitalize the acquisition fee, money factor of .00081 (after MSDs) and residual of 63%, the payment would be about $425/mo. plus tax. Due at signing would be 1st payment, title/registration and the 7 MSDs.
@121 said:
Hi all, I'm looking to get a lease in California for a 328xi wagon.
0 down, 12k miles, 36 mts, 7 msd's. Selling price is $44850 and I would like to know if I could get close to $400 monthly ?
Thanks for the quick reply! Sorry, the negotiated selling price is $44,850 instead of an MSRP of $49,175. So how much / mont would I be looking at ?
Thanks
@121 said:
Thanks for the quick reply! Sorry, the negotiated selling price is $44,850 instead of an MSRP of $49,175. So how much / mont would I be looking at ?
Thanks
Base MF is .00130; after MSDs it's .00081. Residual is 63%. With your MSRP and selling price, I calculate a pre-tax payment of $446.69.
I'm looking to lease a 2014 328d xi, MSRP is 49,275 including the destination fee. I think I should shoot for the price at invoice less the incentives. Is that a fair price? I know the car has 1,750 and 1,000 in incentives and I am signed up for the test drive event to add another 1,000. I think I want to use the maximum MSD's to get down to the .00081 MF and I am considering putting $1k down as a cap cost reduction to keep the monthly a little lower. I would like 36 month at 12k per month.
Is this reasonable?
MSRP - 49,275
Sales Price - $45,300
Incentives - $3,750
Cap cost - $41,550
MF - .00081
Residual - 63% - $31,043
12k miles 36 months
Payment without tax - $342?
@Michaell said:
Base MF is .00130; after MSDs it's .00081. Residual is 63%. With your MSRP and selling price, I calculate a pre-tax payment of $446.69.
Awesome, thanks. Does that sound like a good deal to you guys ?
@mwgdc said:
I am being offered the following deal on a 2014 328d xdrive.
MSRP 47750
Cap Cost 39975
Includes 2750 + 1000 test drive credit.
36 mos 12K
1st payment, bank fee, registration down.
$367/month plus 7% NJ sales tax= $393/month
????
Is the $2750 a down payment (i.e., cap cost reduction) or incentive from BMW?
@pw68amx said:
I'm looking to lease a 2014 328d xi, MSRP is 49,275 including the destination fee. I think I should shoot for the price at invoice less the incentives. Is that a fair price? I know the car has 1,750 and 1,000 in incentives and I am signed up for the test drive event to add another 1,000. I think I want to use the maximum MSD's to get down to the .00081 MF and I am considering putting $1k down as a cap cost reduction to keep the monthly a little lower. I would like 36 month at 12k per month.
Is this reasonable?
MSRP - 49,275
Sales Price - $45,300
Incentives - $3,750
Cap cost - $41,550
MF - .00081
Residual - 63% - $31,043
12k miles 36 months
Payment without tax - $342?
Thank you very much
My numbers are fairly close to yours - I get a pre-tax payment of $350.65.
Putting down $1000 saves you $28/mo on the lease --- but we don't recommend you do that.
What about the start up costs? Acq fee, tags, etc? Are you paying those up front or rolling them into the cap cost?
You might also want to confirm with the dealer that the $45,300 is before any applicable incentives are applied.
Hoping someone can help! I'm looking at a 2014 328i XDrive with MSRP of $50,975 / sales price of $46,900 . Money Factor at .00160 / 63% residual on 36mo / 12k mileage
Currently at $613 with $1,880 due
Feel like I can do better - any help would be most appreciated!!
@schmidthb said:
Hoping someone can help! I'm looking at a 2014 328i XDrive with MSRP of $50,975 / sales price of $46,900 . Money Factor at .00160 / 63% residual on 36mo / 12k mileage
Currently at $613 with $1,880 due
Feel like I can do better - any help would be most appreciated!!
MF is marked up from .00130. With your MSRP and selling price with the base MF and 63% RV, I get a pre-tax payment of $513.43. Quite a bit of room to do better.
I have a lease offer in southern California for a 328d MSRP 45,825 with a sales price of 38,500. 36/12. Monthly 398.07. Residual at 62%. Only first month due at signing. My calculations say this is good but just wanted to check.
@wholagan said:
I have a lease offer in southern California for a 328d MSRP 45,825 with a sales price of 38,500. 36/12. Monthly 398.07. Residual at 62%. Only first month due at signing. My calculations say this is good but just wanted to check.
I calculate your numbers as $367.22 pre-tax, so your payment seems about right.
Comments
Hi Guys, I really need some help here because I cannot make up my mind.
The car I am negotiating is a 328d in SoCalifornia.
VIN WBA3D3C56EK156482
Base - $38600
Destination fee-$925
Premium package - $3100
Heated seats - $500
Navigation - $2150
Total MSRP $45275
The deal offered is:
36 months lease
15000 miles/year
Total out of pocket- $1729.40
Monthly -$440 + TAX(8.25%)
Please somebody run these numbers for me and figure out if it is OK, because I am going "loco"
.00130 base MF and 61% residual.
Let's assume that the $1730 upfront pays the acquisition fee, 1st payment and title/registration/doc fee.
To get to the $440 pre-tax payment, the selling price would have to be $40,300, assuming they are using the base money factor. Since BMW is offering $2750 of incentives on this model, that makes the dealer discount from MSRP $2225. That's about 5% off... I'd be shooting for 7% off... that would be another $900 off the selling price, or a pre-tax payment of $414/mo.
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Thank you for your help kyfdx .... you just gave me the push I needed .
Thanks again for your prompt reply.
Hi, I'm in tx and looking at the 328xdrive, with premium package, navigation, and cold weather. I've been quoted the following or similar from 2 dealerships and think the numbers should be lower, can you help with what would be best counteroffer:
MSRP-46975
Cap Cost 43,825
MF-.00170 (my experian score is 657, tranunion&equifax are 660/670)
36 mth/15k
tax-1520
doc fee 50
nondoc fee 229?
trade in 2011 328i 36k, payoff 17321, offered 19500
USAA member
Previous bmw owner
what is residual on 328ixdrive?
What are bmw dealer incentives for xdrive?
do usaa members get 500 off?
is bmw loyalty 750?
Any help would be much appreciated. Thanks:)
Oh I forgot to add that the monthly payment quoted has been 533 on the numbers listed above and 495 from another dealership.
Residual for 36/15 is 61% on the 328xi. Using your numbers, I calculate a pre-tax payment of $544.61.
The base MF is .00130, but that may be marked up by the dealer due to your credit score.
Build out cash of $2000 this month; can't speak to loyalty or USAA incentives.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
thanks, your comments help. I've emailed many bmw dealers for quotes and also called dm leasing...do you know anything about dm leasing? is it reputable? They say they work differently than the bm dealerships. I'm just leery of not going through bmw for a lease.
Not familiar with DM leasing. I'd stick with the captive manufacturer finance company, just so there aren't any surprises at the end of the lease (damage charges, etc.).
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Good deal?
Using your numbers with the base MF of .00130 and residual of 63%, I get a pre-tax payment of $363.66.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hello all -- I am new to car leases and would love your input on whether this is a good deal:
2014 328i (sport line w/ NAV and upgraded light package; $47K MSRP)
36 month term
15K miles/yr
$1K walk-off-the-lot payment inclusive of 2 months pmt
$479/mo (all-in w/ taxes and fees)
Thanks!
What is the negotiated selling price?
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Good morning -- negotiated purchase price is $40,000.
Thanks. Using the MSRP of $47,000 and the purchase price of $40,000, along with the base MF of .00130 and residual of 60% for 36mo/15K, I get a pre-tax payment of $416.44.
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Michaell, thanks for the quick response. I am having trouble getting to the number you quoted using Edmunds' car lease calculator. Is there a different calculator you are using? If so, can you please point me in the right direction? Thanks!
I built my own spreadsheet .. what numbers are you getting? Can you break down the depreciation and finance charges within the monthly payment?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I currently reside in GA and am looking to lease a new 328i and or 335i. From what I've seen in the forum, I should expect to get 5-10% off MSRP for a newly leased vehicle (which includes all deductions from incentives and increases from Acq. and Doc Fees...etc).
Unfortunately, GA has changed the laws such that I would need to pay taxes (~7%) up front on the cap cost of the car (i.e., taxes on a $40-$50k vehicle) and my lease payments will not have monthly tax added to them, but instead the capitalized cost would be increased by the amount of taxes on the car (i.e., add ~$2,700 to a $40,000 negotiated price of the vehicle). I don't believe this increases the residual either.
From an economic perspective, paying taxes on the whole price of the car is terrible, and furthermore, if I decide to purchase, I would need to pay taxes AGAIN on the purchase price (so I'm definitely not purchasing). I cannot lease in another state as the car needs to be registered here, so I'm stuck paying taxes in GA no matter what. I know there's a few other states that have this issue and folks have said to go the BMW Select route, but I'm not interested in purchasing a car, regardless of how low the interest rate is.
Has anyone had recent success negotiating the price lower than the typical 5-10% (in this situation) in order to partially make up for uneconomic lease structure in GA? Any suggestions would be much appreciated.
Yes, the "ad valorem" tax has really hurt folks who try to lease in GA. Illinois had a similar tax situation, but legislation was just passed to rescind the "tax the whole purchase price" on a lease. However, the new law doesn't go into effect until 1/1/15.
Texas is another state that taxes leases this way; others have discussed how the dealer can offer 'tax credits' to offset this amount. Perhaps Georgia dealers will begin to offer this incentive as well?
BMW Select is designed specifically for these states ... it's a balloon payment program, with a set residual at the end of the term. For the 328i, the 3 year residual is 54% if your credit score is 700 or higher; the 335i residual is 52%. Remember, with the Select program, there are no mileage restrictions.
Why, specifically, are you not interested in a purchase option? Are there business / accounting reasons advantages for leasing in your case?
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
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How long are the terms of the BMW select program? Do you have the residual on 60 month terms? Back of the envelope (assuming 2.9% rate for 36 month Select Program) and $40,000 purchase price (MSRP of $45,000) + $2,700 in taxes, with a 54% residual, I calculate ~$590/month with balance of $24,300 due at maturity.
For the same car, as a lease for 36 months (in GA) with a 63% residual, and a maximum of 7 MSDs, I'm calculating ~$454/month (which is about $50 more than the monthly payment incl. a monthly tax). Given that I'd have to live with the $454/month, has there been any success getting a discount beyond 10%? On a $45,000 MSRP, I'd need to see around 15%-18% off MSRP ($6,500-$8,000) before taxes to get an equivalent price, which at least $1,500 more than the indicative $5,000.
A reporter is hoping to interview someone who leased a new car or truck in the past four months. Please email PR@edmunds.com by July 11, 2014 to share your story.
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33% for 328i and 31% for 335i 60 month Select program.
I don't think 15% off sticker is doable. The most I've seen is 6-8%. However, on a lease, you can make multiple security deposits (MSD) to lower your MF from .00130 down to .00081, which will reduce your payment. And, you get that money back at the end of the lease.
EDIT - oops, I see you are factoring in MSD into your lease calcs.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Please help me as I am new to leasing. I have only bought cars previously
I am interested in the following vehicle BMW 328D x drive msrp is 49225 with invoice of 45280. Assuming i can get at invoice and there is a 2750 incentive the cap cost should be 42530. I would like 15k miles and 36 months. I will be attending a bmw event tomorrow which will give me a 1000 coupon whether that can be used or not I do not know.
I think instead of going in and asking for prices I want to know what I should pay per month without tax before i go in.
I am not sure of the resid value I think it is 61 percent and I will be giving full security deposits to get to the lowest MF I assume this is .00081 as above.
I will pay out of pocket any fees required to start the lease. So what should I pay per month with this scenario. I will run the numbers but I am afraid I will mess something up
thanks so much
Bill,
Your numbers are spot on - base MF is .00130 (.00081 after MSD) and 61% residual for 36/15.
I get a pre-tax payment of $406.07 with the above and your MSRP and net cap cost. If you can use the $1000 event coupon to reduce the cap cost further, the payment should decrease about $28/mo.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Greetings, I have a lease offer on a loaner 2014 328i xdive MSRP $49,275 with 6,900 miles.
Sale Price is $42,900 + 925 acquisition fee total $43,825. Residual $29,745.68. 12k miles 36 months with no cap cost reduction. Paying up front for first payment, tax 7.78 (Minneapolis,MN) Doc fee 75.00, upfront fee 600.75. Is this a good deal?
The Select program only makes sense, if you plan on buying the car... It's designed to get a payment closer to a lease. I guess the other advantage is.... if you trade it in, you can get a trade-in credit against the taxes on your next vehicle.
36% and 34% for the 2015 328i or 335i for 60 months.
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I am being offered the following deal on a 2014 328d xdrive.
MSRP 47750
Cap Cost 39975
Includes 2750 + 1000 test drive credit.
36 mos 12K
1st payment, bank fee, registration down.
$367/month plus 7% NJ sales tax= $393/month
????
Close enough .. I'm getting $365.87 before tax. NJ taxes the entire lease amount up front - you can pay at lease inception or add the tax to the net cap cost. The monthly payment itself isn't taxed.
Nice discount from sticker!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hi all, I'm looking to get a lease in California for a 328xi wagon.
0 down, 12k miles, 36 mts, 7 msd's. Selling price is $44850 and I would like to know if I could get close to $400 monthly ?
Thanks!
Can you tell me the residual on a bmw 328d x drive for 12,000 miles?
Thanks
.00130 MF and 63% residual for 36mo, 12K/yr. $2750 in incentives.
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If the selling price is 7% off MSRP minus the $1000 buildout cash incentive, and you capitalize the acquisition fee, money factor of .00081 (after MSDs) and residual of 63%, the payment would be about $425/mo. plus tax. Due at signing would be 1st payment, title/registration and the 7 MSDs.
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What is the MSRP?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks for the quick reply! Sorry, the negotiated selling price is $44,850 instead of an MSRP of $49,175. So how much / mont would I be looking at ?
Thanks
Base MF is .00130; after MSDs it's .00081. Residual is 63%. With your MSRP and selling price, I calculate a pre-tax payment of $446.69.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I'm looking to lease a 2014 328d xi, MSRP is 49,275 including the destination fee. I think I should shoot for the price at invoice less the incentives. Is that a fair price? I know the car has 1,750 and 1,000 in incentives and I am signed up for the test drive event to add another 1,000. I think I want to use the maximum MSD's to get down to the .00081 MF and I am considering putting $1k down as a cap cost reduction to keep the monthly a little lower. I would like 36 month at 12k per month.
Is this reasonable?
MSRP - 49,275
Sales Price - $45,300
Incentives - $3,750
Cap cost - $41,550
MF - .00081
Residual - 63% - $31,043
12k miles 36 months
Payment without tax - $342?
Thank you very much
I also included the $1,000 down payment in my scenario
Awesome, thanks. Does that sound like a good deal to you guys ?
Is the $2750 a down payment (i.e., cap cost reduction) or incentive from BMW?
Seems to be good from here.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
My numbers are fairly close to yours - I get a pre-tax payment of $350.65.
Putting down $1000 saves you $28/mo on the lease --- but we don't recommend you do that.
What about the start up costs? Acq fee, tags, etc? Are you paying those up front or rolling them into the cap cost?
You might also want to confirm with the dealer that the $45,300 is before any applicable incentives are applied.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thank you
I don't have this deal in hand yet. I think that the 45,300 would be my offer before incentives. Is that reasonable or low?
I was planning on just paying acq, tags etc up front
You can use the pricing tools at the top of the page to determine if your offer is too high or too low.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
The TMV price was 44,269 but I was not sure if that included the incentive?
The pricing tools should break out any incentives available.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hoping someone can help! I'm looking at a 2014 328i XDrive with MSRP of $50,975 / sales price of $46,900 . Money Factor at .00160 / 63% residual on 36mo / 12k mileage
Currently at $613 with $1,880 due
Feel like I can do better - any help would be most appreciated!!
MF is marked up from .00130. With your MSRP and selling price with the base MF and 63% RV, I get a pre-tax payment of $513.43. Quite a bit of room to do better.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Are the lease numbers mf and rv the same on a 320xi as a 328xi Is the fit out cash the same.
thanks
The 328xi has $2000 build out cash vs. the $1000 for the 320xi..
.00130 MF and 61% residual for 36mo, 15K/yr for both models.
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I calculate your numbers as $367.22 pre-tax, so your payment seems about right.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige