Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Options
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
That said, every $1000 down reduces your pre-tax payment by about $28
Edmunds Price Checker
Edmunds Lease Calculator
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
Additionally, just to understand their math, I had them calculate a lease on another car. The MSRP was 49,850, and the dealer quoted me sale price of 48,350. As I mentioned dealer told me the residual is 53% and money factor was as you had told me 0.0013. So for a 36 month, 12K lease and $0 down, I calculated $706.4 as monthly payment before taxes, title and registration.
The dealer came back and quoted me $811 per month. When i asked for a breakdown, what they showed me was very interesting:
In the net cap cost, they had 48.350 (the sale price) + 995 (acquisition fee) + 2,441 (their calculated total tax on my 36 lease payments) for a total cap cost of $51,786 or so. So in essence, they are taking acquisition fee (marking it up $200 over the standard bmw) and the sales tax and charging me interest on both. That doesnt sound right to me.
Do you agree? Has anyone else had an experience with this and has any advice? thanks.
And, we don't recommend making a down payment on a lease - if the car is stolen or totaled, you lose that money.
That said, every $1000 down reduces your pre-tax payment by about $28
Thanks this is very helpful. Now i am getting the same number, and i appreciate the other piece of advice. i will keep that in mind as i shop around.
I went back today and looked at another option they told me that residual is 53% and not 55% on 2015 x3 for 36 months. How do I verify if that's right?
Additionally, just to understand their math, I had them calculate a lease on another car. The MSRP was 49,850, and the dealer quoted me sale price of 48,350. As I mentioned dealer told me the residual is 53% and money factor was as you had told me 0.0013. So for a 36 month, 12K lease and $0 down, I calculated $706.4 as monthly payment before taxes, title and registration.
The dealer came back and quoted me $811 per month. When i asked for a breakdown, what they showed me was very interesting:
In the net cap cost, they had 48.350 (the sale price) + 995 (acquisition fee) + 2,441 (their calculated total tax on my 36 lease payments) for a total cap cost of $51,786 or so. So in essence, they are taking acquisition fee (marking it up $200 over the standard bmw) and the sales tax and charging me interest on both. That doesnt sound right to me.
Do you agree? Has anyone else had an experience with this and has any advice? thanks.
What state is this? Some states calculate the sales tax for the entire lease up front, then you can choose to pay it when you sign the papers or have it added into the cap cost. Yes, you pay interest on it, but if something happens to the vehicle, the GAP insurance will take care of it. Also keeps your out of pocket costs to a minimum.
Not much of a discount from sticker, either, in your other example.
Edmunds Price Checker
Edmunds Lease Calculator
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
Edmunds Price Checker
Edmunds Lease Calculator
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
Thanks for the great info. I am pretty novice in the leasing.
I saw ad from bmw usa below.
2015 x3 x28i with xline, metallic paint and lighting pkg include destination charges.
10k/36 month
msrp: 44445
down: 3000
due on signing: 4294 (3000+499 1st payment+795 acqusition fee)
monthly: 499
what are the mf and residual used here and what will be these for 12k?
with $499, can you get the actual selling price? Is this ok deal?
thanks in advance.
12K/yr residual is 55%.
The ad assumes a $1600 discount from MSRP.
The X3 lease program is not great to begin with.. .and, that's not a great discount.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
2016 xDrive28i
MSRP: $46,200
Offered Price: $43,600
Additional discount: $500
Final Price:$43,100
Term: 36/10
MA Taxes and Fees first month upfront: $2,105
Monthly Payment: $575 + Taxes
Is this a good enough deal to sign off?
Should I further check about residuals, MFs or MSDs with the dealer to help bring down the monthly payment?
Edmunds Price Checker
Edmunds Lease Calculator
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
For every $1000 MSD how much reduction should I see?
If your payment is $585, each SD would be $600, and would reduce the MF by .00007. Maximum 7 MSDs are allowed by BMW.
So, the $4200 represents the max MSD allowed .. brings the MF down to .00081.
Edmunds Price Checker
Edmunds Lease Calculator
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
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
MSRP: 52,175
Sale price: 47,000
52% Residual ($27,131), 36 months/ 10 K per year
Money Factor: 0.00171 (I am trying to lower this. They should run a credit check and I am hoping I get 0.00129)
FL Tax 6%
Doc Fee $799.
Thank you!
$799 for a doc fee is borderline criminal, but sadly, not unusual for Florida.
Your money factor quote is not likely because of your credit rating. It's the dealership marking up the top tier rate, the maximum amount allowed.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
2016 35i ............................... 3/36/12k
Do these the numbers differ from buying in NY or SC ?
TKS
23 Telluride SX-P X-Line, 23 Camry XSE
Most dealers if not all will not remove or negotiate there doc fee's off the bill of sale. How you counter this charge especially in Florida with doc's 699 plus is :
Every dealership you visit, call, or email when asking for there best price is to ask what there dealers doc fee charge is ? Then counter that charge by reducing that doc fee number to your agreed sale price.
I like to make a spread sheet and list of all my Targeted dealerships 10, 15, 20 with internet mgr. names, numbers, email addresses , and each dealers doc fee's charge if not regulated by that state.
Florida 's doc's are like a mix bag of tricks............. $699 , $799, $899. This charge and fee is all dealer profit and .............. BS .................... Counter this Charge
Example ......if you and dealer agree on buying a vehicle at Invoice price that really means your buying at $699 above dealers invoice. So to countering that charge and make it a wash on the bill of sale I tell dealership to earn my business I will buy said vehicle at 699 below your dealers invoice price.
What ever the selling price is counter that doc fee charge .
Now if a FL. dealer is going 2k below invoice you would be buying at 1300 below invoice and making a more respectable deal for this time of the year on a 2015 model BMW.
IM........................ me if you need more help
Good luck
23 Telluride SX-P X-Line, 23 Camry XSE
Same numbers in both states.
Edmunds Price Checker
Edmunds Lease Calculator
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
23 Telluride SX-P X-Line, 23 Camry XSE
No 39 month program and no incentives.
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Thank you.
http://forums.edmunds.com/discussion/35489/bmw/x3/2016-bmw-x3-lease-questions#latest
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
thanks
Edmunds Price Checker
Edmunds Lease Calculator
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
Edmunds Price Checker
Edmunds Lease Calculator
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
Edmunds Price Checker
Edmunds Lease Calculator
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
Maybe could have done better, but they were really particular about car color!
Edmunds Price Checker
Edmunds Lease Calculator
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
Edmunds Price Checker
Edmunds Lease Calculator
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
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Edmunds Price Checker
Edmunds Lease Calculator
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