A specific question: I noticed that in my current lease, the Adjust/Net Capitalized Cost include BMW Wear&Tear ($1300), dent/ding insurance ($100), Service Contract Fee ($200) and Acquisition Fee ($925) along with invoice price, this would substantially bump the capitalize cost hence the monthly payment. Is this right?
A specific question: I noticed that in my current lease, the Adjust/Net Capitalized Cost include BMW Wear&Tear ($1300), dent/ding insurance ($100), Service Contract Fee ($200) and Acquisition Fee ($925) along with invoice price, this would substantially bump the capitalize cost hence the monthly payment. Is this right?
Correct. The acquisition fee is unavoidable, but you paid $1600 for about $5000 in coverage, that you may not even need.
A specific question: I noticed that in my current lease, the Adjust/Net Capitalized Cost include BMW Wear&Tear ($1300), dent/ding insurance ($100), Service Contract Fee ($200) and Acquisition Fee ($925) along with invoice price, this would substantially bump the capitalize cost hence the monthly payment. Is this right?
Correct. The acquisition fee is unavoidable, but you paid $1600 for about $5000 in coverage, that you may not even need.
A specific question: I noticed that in my current lease, the Adjust/Net Capitalized Cost include BMW Wear&Tear ($1300), dent/ding insurance ($100), Service Contract Fee ($200) and Acquisition Fee ($925) along with invoice price, this would substantially bump the capitalize cost hence the monthly payment. Is this right?
Correct. The acquisition fee is unavoidable, but you paid $1600 for about $5000 in coverage, that you may not even need.
$5000 of insurance coverage is not the same as $5000 of value.
For example: I pay $400/yr premium for the liability portion of my car insurance, but that's $500,000 of coverage. I pay $290/yr premium for a $250,000 life insurance policy..
So... $1600 premium for $5000 of coverage seems very high to me.
In general is the end of the year the best time to lease a car right when the new model year is coming out as I assume they would have the highest residual at that time. I am in no hurry but I do have to do something by December. I seem to remember bmw running no payments for 90days during the end of the year. It then I have heard September is better when they are trying to get rid of the old year to make room for the next.
In general is the end of the year the best time to lease a car right when the new model year is coming out as I assume they would have the highest residual at that time. I am in no hurry but I do have to do something by December. I seem to remember bmw running no payments for 90days during the end of the year. It then I have heard September is better when they are trying to get rid of the old year to make room for the next.
When the model is new, prices tend to be firm, and if initial inventory is low, you may not see any deals. Later on in October or November, lease programs tend to normalize, and you may see some incentives.
A specific question: I noticed that in my current lease, the Adjust/Net Capitalized Cost include BMW Wear&Tear ($1300), dent/ding insurance ($100), Service Contract Fee ($200) and Acquisition Fee ($925) along with invoice price, this would substantially bump the capitalize cost hence the monthly payment. Is this right?
Correct. The acquisition fee is unavoidable, but you paid $1600 for about $5000 in coverage, that you may not even need.
$5000 of insurance coverage is not the same as $5000 of value.
For example: I pay $400/yr premium for the liability portion of my car insurance, but that's $500,000 of coverage. I pay $290/yr premium for a $250,000 life insurance policy..
So... $1600 premium for $5000 of coverage seems very high to me.
A specific question: I noticed that in my current lease, the Adjust/Net Capitalized Cost include BMW Wear&Tear ($1300), dent/ding insurance ($100), Service Contract Fee ($200) and Acquisition Fee ($925) along with invoice price, this would substantially bump the capitalize cost hence the monthly payment. Is this right?
Correct. The acquisition fee is unavoidable, but you paid $1600 for about $5000 in coverage, that you may not even need.
$5000 of insurance coverage is not the same as $5000 of value.
For example: I pay $400/yr premium for the liability portion of my car insurance, but that's $500,000 of coverage. I pay $290/yr premium for a $250,000 life insurance policy..
So... $1600 premium for $5000 of coverage seems very high to me.
I am turning in my lease bmw and looking to get a 2017 Bmw 530i M sport model. Can you tell me what is the best deal I can get on a lease in San Francisco Bay Area? What should be the MF and percentage off MSRP/ residual cost. Looking at 36 months/ 10k or 36 months/ 12k. Should the cost be different if I am thinking of purchasing after my lease deal if over. Ie.out the door price.
I understand I should put down only first month and taxes down at drive off rather than the big amount like 3k downpayment. I understand monthly lease is more... Thank You
I am turning in my lease bmw and looking to get a 2017 Bmw 530i M sport model. Can you tell me what is the best deal I can get on a lease in San Francisco Bay Area? What should be the MF and percentage off MSRP/ residual cost. Looking at 36 months/ 10k or 36 months/ 12k. Should the cost be different if I am thinking of purchasing after my lease deal if over. Ie.out the door price.
I understand I should put down only first month and taxes down at drive off rather than the big amount like 3k downpayment. I understand monthly lease is more... Thank You
.00151 and 62% / 61%
We suggest a target of 7% off sticker, before applying any available incentives.
Tax in CA is against the monthly payment - your up front cash should be just the first payment and the DMV costs.
Love these forums. Well I have leased 6 cars with curret 2014 528i coming due 12/9 (5 months, 4 payments left). Starting shopping around in KS and MN dealers and have the following 2 on the table. The monthlies are far higher and have asked for the MF exactly but they have not provided back yet. They stated there is a pull ahead program where BMW covers 3 payments and the dealer will cover the rest. I have asked or stated several times I do not want to see these payments wrapped into this deal as I was bit by that before.
Was attempting to build-to-order but appears the 2018s residuals went down from .61 to .58 so thinking 2017 model may be best option if can swing it. Why are residuals going down when always have been used to 5 series staying north of 60% for 36/12 leases?
OPTION 1 - MSport MSRP 62280 Selling Price: 55780 (2k rebate, 4k discount) Admin/Tag fees: 602 Residual: 37991 (61%) 0 down DEALER QUOTE = $826/mo My calculations (6 calculators based on 0.00151 MF) = $712
OPTION 2 - MSport MSRP 57860 Selling Price: 51360 (2k rebate, 4k discount) Admin/Tag fees: 602 Residual: 35295 (61%) 0 down DEALER QUOTE = $786/mo My calculations (6 calculators based on 0.00151 MF) = $648
What is occurring here? Is their MF/APR around 7.2%? Are they wrapping one of the pull ahead programs in? I dont have full lease worksheets showing exact calcs but based on guidance above cant make sense of it and like some firepower.
I am not in a hurry and can shop around to few other dealer, just want to take their quote and shop it asking for better. Well maybe in a hurry if 2018s+ residuals are dropping and the MF is increasing.
Love these forums. Well I have leased 6 cars with curret 2014 528i coming due 12/9 (5 months, 4 payments left). Starting shopping around in KS and MN dealers and have the following 2 on the table. The monthlies are far higher and have asked for the MF exactly but they have not provided back yet. They stated there is a pull ahead program where BMW covers 3 payments and the dealer will cover the rest. I have asked or stated several times I do not want to see these payments wrapped into this deal as I was bit by that before.
Was attempting to build-to-order but appears the 2018s residuals went down from .61 to .58 so thinking 2017 model may be best option if can swing it. Why are residuals going down when always have been used to 5 series staying north of 60% for 36/12 leases?
OPTION 1 - MSport MSRP 62280 Selling Price: 55780 (2k rebate, 4k discount) Admin/Tag fees: 602 Residual: 37991 (61%) 0 down DEALER QUOTE = $826/mo My calculations (6 calculators based on 0.00151 MF) = $712
OPTION 2 - MSport MSRP 57860 Selling Price: 51360 (2k rebate, 4k discount) Admin/Tag fees: 602 Residual: 35295 (61%) 0 down DEALER QUOTE = $786/mo My calculations (6 calculators based on 0.00151 MF) = $648
What is occurring here? Is their MF/APR around 7.2%? Are they wrapping one of the pull ahead programs in? I dont have full lease worksheets showing exact calcs but based on guidance above cant make sense of it and like some firepower.
I am not in a hurry and can shop around to few other dealer, just want to take their quote and shop it asking for better. Well maybe in a hurry if 2018s+ residuals are dropping and the MF is increasing.
Thanks much community!
$925 acquisition fee + money factor marked up to .00191, most likely.
Also, if the dealer covers anything, it's coming out of your pocket, one way or the other. That's just physics.
Love these forums. Well I have leased 6 cars with curret 2014 528i coming due 12/9 (5 months, 4 payments left). Starting shopping around in KS and MN dealers and have the following 2 on the table. The monthlies are far higher and have asked for the MF exactly but they have not provided back yet. They stated there is a pull ahead program where BMW covers 3 payments and the dealer will cover the rest. I have asked or stated several times I do not want to see these payments wrapped into this deal as I was bit by that before.
Was attempting to build-to-order but appears the 2018s residuals went down from .61 to .58 so thinking 2017 model may be best option if can swing it. Why are residuals going down when always have been used to 5 series staying north of 60% for 36/12 leases?
OPTION 1 - MSport MSRP 62280 Selling Price: 55780 (2k rebate, 4k discount) Admin/Tag fees: 602 Residual: 37991 (61%) 0 down DEALER QUOTE = $826/mo My calculations (6 calculators based on 0.00151 MF) = $712
OPTION 2 - MSport MSRP 57860 Selling Price: 51360 (2k rebate, 4k discount) Admin/Tag fees: 602 Residual: 35295 (61%) 0 down DEALER QUOTE = $786/mo My calculations (6 calculators based on 0.00151 MF) = $648
What is occurring here? Is their MF/APR around 7.2%? Are they wrapping one of the pull ahead programs in? I dont have full lease worksheets showing exact calcs but based on guidance above cant make sense of it and like some firepower.
I am not in a hurry and can shop around to few other dealer, just want to take their quote and shop it asking for better. Well maybe in a hurry if 2018s+ residuals are dropping and the MF is increasing.
Thanks much community!
$925 acquisition fee + money factor marked up to .00191, most likely.
Also, if the dealer covers anything, it's coming out of your pocket, one way or the other. That's just physics.
Thanks. They gave me the detailed worksheet. Showd 0.00191 MF and the acq cost was there (wondered where it was). Any tricks to get dealer to flatten out to 0.00151 MF outside of just walking away if not?
Otherwise deal looks pretty clean, 6% off'ish, and with the rebate is pretty good tme.
Love these forums. Well I have leased 6 cars with curret 2014 528i coming due 12/9 (5 months, 4 payments left). Starting shopping around in KS and MN dealers and have the following 2 on the table. The monthlies are far higher and have asked for the MF exactly but they have not provided back yet. They stated there is a pull ahead program where BMW covers 3 payments and the dealer will cover the rest. I have asked or stated several times I do not want to see these payments wrapped into this deal as I was bit by that before.
Was attempting to build-to-order but appears the 2018s residuals went down from .61 to .58 so thinking 2017 model may be best option if can swing it. Why are residuals going down when always have been used to 5 series staying north of 60% for 36/12 leases?
OPTION 1 - MSport MSRP 62280 Selling Price: 55780 (2k rebate, 4k discount) Admin/Tag fees: 602 Residual: 37991 (61%) 0 down DEALER QUOTE = $826/mo My calculations (6 calculators based on 0.00151 MF) = $712
OPTION 2 - MSport MSRP 57860 Selling Price: 51360 (2k rebate, 4k discount) Admin/Tag fees: 602 Residual: 35295 (61%) 0 down DEALER QUOTE = $786/mo My calculations (6 calculators based on 0.00151 MF) = $648
What is occurring here? Is their MF/APR around 7.2%? Are they wrapping one of the pull ahead programs in? I dont have full lease worksheets showing exact calcs but based on guidance above cant make sense of it and like some firepower.
I am not in a hurry and can shop around to few other dealer, just want to take their quote and shop it asking for better. Well maybe in a hurry if 2018s+ residuals are dropping and the MF is increasing.
Thanks much community!
$925 acquisition fee + money factor marked up to .00191, most likely.
Also, if the dealer covers anything, it's coming out of your pocket, one way or the other. That's just physics.
Thanks. They gave me the detailed worksheet. Showd 0.00191 MF and the acq cost was there (wondered where it was). Any tricks to get dealer to flatten out to 0.00151 MF outside of just walking away if not?
Otherwise deal looks pretty clean, 6% off'ish, and with the rebate is pretty good tme.
The acquisition fee and the money factor markup add up to about $80/mo. If you are off by $140, then there is a lot more crap in there... ask for the adjusted CAP cost, and see how that compares to the sale price.
And yes.... if they won't come down, vote with your feet.
Love these forums. Well I have leased 6 cars with curret 2014 528i coming due 12/9 (5 months, 4 payments left). Starting shopping around in KS and MN dealers and have the following 2 on the table. The monthlies are far higher and have asked for the MF exactly but they have not provided back yet. They stated there is a pull ahead program where BMW covers 3 payments and the dealer will cover the rest. I have asked or stated several times I do not want to see these payments wrapped into this deal as I was bit by that before.
Was attempting to build-to-order but appears the 2018s residuals went down from .61 to .58 so thinking 2017 model may be best option if can swing it. Why are residuals going down when always have been used to 5 series staying north of 60% for 36/12 leases?
OPTION 1 - MSport MSRP 62280
Selling Price: 55780 (2k rebate, 4k discount)
Admin/Tag fees: 602
Residual: 37991 (61%)
0 down
DEALER QUOTE = $826/mo
My calculations (6 calculators based on 0.00151 MF) = $712
OPTION 2 - MSport MSRP 57860
Selling Price: 51360 (2k rebate, 4k discount)
Admin/Tag fees: 602
Residual: 35295 (61%)
0 down
DEALER QUOTE = $786/mo
My calculations (6 calculators based on 0.00151 MF) = $648
What is occurring here? Is their MF/APR around 7.2%? Are they wrapping one of the pull ahead programs in? I dont have full lease worksheets showing exact calcs but based on guidance above cant make sense of it and like some firepower.
I am not in a hurry and can shop around to few other dealer, just want to take their quote and shop it asking for better. Well maybe in a hurry if 2018s+ residuals are dropping and the MF is increasing.
Thanks much community!
$925 acquisition fee + money factor marked up to .00191, most likely.
Also, if the dealer covers anything, it's coming out of your pocket, one way or the other. That's just physics.
Thanks. They gave me the detailed worksheet. Showd 0.00191 MF and the acq cost was there (wondered where it was). Any tricks to get dealer to flatten out to 0.00151 MF outside of just walking away if not?
Otherwise deal looks pretty clean, 6% off'ish, and with the rebate is pretty good tme.
The acquisition fee and the money factor markup add up to about $80/mo. If you are off by $140, then there is a lot more crap in there... ask for the adjusted CAP cost, and see how that compares to the sale price.
And yes.... if they won't come down, vote with your feet.
Is acquisition cost ($925) even negotiable or removable or is that par for the course for BMW leases or any lease for that matter given the dollar value by vendor may change?
From Massachusetts...is the MF/Residual also 0.00151/62% for a 2017 535 xDrive Gran Turismo? (36mo/12k miles)...loaner car with 4k miles on it and I understand residual would be adjusted accordingly based on the miles.
Also, to confirm, BMW did away with MSDs!?! Yikes, I wish I had pulled ahead and leased earlier this year. THANKS!!
Love these forums. Well I have leased 6 cars with curret 2014 528i coming due 12/9 (5 months, 4 payments left). Starting shopping around in KS and MN dealers and have the following 2 on the table. The monthlies are far higher and have asked for the MF exactly but they have not provided back yet. They stated there is a pull ahead program where BMW covers 3 payments and the dealer will cover the rest. I have asked or stated several times I do not want to see these payments wrapped into this deal as I was bit by that before.
Was attempting to build-to-order but appears the 2018s residuals went down from .61 to .58 so thinking 2017 model may be best option if can swing it. Why are residuals going down when always have been used to 5 series staying north of 60% for 36/12 leases?
OPTION 1 - MSport MSRP 62280 Selling Price: 55780 (2k rebate, 4k discount) Admin/Tag fees: 602 Residual: 37991 (61%) 0 down DEALER QUOTE = $826/mo My calculations (6 calculators based on 0.00151 MF) = $712
OPTION 2 - MSport MSRP 57860 Selling Price: 51360 (2k rebate, 4k discount) Admin/Tag fees: 602 Residual: 35295 (61%) 0 down DEALER QUOTE = $786/mo My calculations (6 calculators based on 0.00151 MF) = $648
What is occurring here? Is their MF/APR around 7.2%? Are they wrapping one of the pull ahead programs in? I dont have full lease worksheets showing exact calcs but based on guidance above cant make sense of it and like some firepower.
I am not in a hurry and can shop around to few other dealer, just want to take their quote and shop it asking for better. Well maybe in a hurry if 2018s+ residuals are dropping and the MF is increasing.
Thanks much community!
$925 acquisition fee + money factor marked up to .00191, most likely.
Also, if the dealer covers anything, it's coming out of your pocket, one way or the other. That's just physics.
Thanks. They gave me the detailed worksheet. Showd 0.00191 MF and the acq cost was there (wondered where it was). Any tricks to get dealer to flatten out to 0.00151 MF outside of just walking away if not?
Otherwise deal looks pretty clean, 6% off'ish, and with the rebate is pretty good tme.
The acquisition fee and the money factor markup add up to about $80/mo. If you are off by $140, then there is a lot more crap in there... ask for the adjusted CAP cost, and see how that compares to the sale price.
And yes.... if they won't come down, vote with your feet.
Is acquisition cost ($925) even negotiable or removable or is that par for the course for BMW leases or any lease for that matter given the dollar value by vendor may change?
Acquisition fee not negotiable and is part of every BMW lease.
From Massachusetts...is the MF/Residual also 0.00151/62% for a 2017 535 xDrive Gran Turismo? (36mo/12k miles)...loaner car with 4k miles on it and I understand residual would be adjusted accordingly based on the miles.
Also, to confirm, BMW did away with MSDs!?! Yikes, I wish I had pulled ahead and leased earlier this year. THANKS!!
Love these forums. Well I have leased 6 cars with curret 2014 528i coming due 12/9 (5 months, 4 payments left). Starting shopping around in KS and MN dealers and have the following 2 on the table. The monthlies are far higher and have asked for the MF exactly but they have not provided back yet. They stated there is a pull ahead program where BMW covers 3 payments and the dealer will cover the rest. I have asked or stated several times I do not want to see these payments wrapped into this deal as I was bit by that before.
Was attempting to build-to-order but appears the 2018s residuals went down from .61 to .58 so thinking 2017 model may be best option if can swing it. Why are residuals going down when always have been used to 5 series staying north of 60% for 36/12 leases?
OPTION 1 - MSport MSRP 62280 Selling Price: 55780 (2k rebate, 4k discount) Admin/Tag fees: 602 Residual: 37991 (61%) 0 down DEALER QUOTE = $826/mo My calculations (6 calculators based on 0.00151 MF) = $712
OPTION 2 - MSport MSRP 57860 Selling Price: 51360 (2k rebate, 4k discount) Admin/Tag fees: 602 Residual: 35295 (61%) 0 down DEALER QUOTE = $786/mo My calculations (6 calculators based on 0.00151 MF) = $648
What is occurring here? Is their MF/APR around 7.2%? Are they wrapping one of the pull ahead programs in? I dont have full lease worksheets showing exact calcs but based on guidance above cant make sense of it and like some firepower.
I am not in a hurry and can shop around to few other dealer, just want to take their quote and shop it asking for better. Well maybe in a hurry if 2018s+ residuals are dropping and the MF is increasing.
Thanks much community!
$925 acquisition fee + money factor marked up to .00191, most likely.
Also, if the dealer covers anything, it's coming out of your pocket, one way or the other. That's just physics.
Thanks. They gave me the detailed worksheet. Showd 0.00191 MF and the acq cost was there (wondered where it was). Any tricks to get dealer to flatten out to 0.00151 MF outside of just walking away if not?
Otherwise deal looks pretty clean, 6% off'ish, and with the rebate is pretty good tme.
The acquisition fee and the money factor markup add up to about $80/mo. If you are off by $140, then there is a lot more crap in there... ask for the adjusted CAP cost, and see how that compares to the sale price.
And yes.... if they won't come down, vote with your feet.
Is acquisition cost ($925) even negotiable or removable or is that par for the course for BMW leases or any lease for that matter given the dollar value by vendor may change?
Acquisition fee not negotiable and is part of every BMW lease.
Can you confirm... is the 0.00151 MF for 2017 530i a BMW FS published rate? I just had the sales guy ask where i am getting that MF/APR from as he says 0.00191 is 'standard'? Is that B.S. (suspect so)?
Love these forums. Well I have leased 6 cars with curret 2014 528i coming due 12/9 (5 months, 4 payments left). Starting shopping around in KS and MN dealers and have the following 2 on the table. The monthlies are far higher and have asked for the MF exactly but they have not provided back yet. They stated there is a pull ahead program where BMW covers 3 payments and the dealer will cover the rest. I have asked or stated several times I do not want to see these payments wrapped into this deal as I was bit by that before.
Was attempting to build-to-order but appears the 2018s residuals went down from .61 to .58 so thinking 2017 model may be best option if can swing it. Why are residuals going down when always have been used to 5 series staying north of 60% for 36/12 leases?
OPTION 1 - MSport MSRP 62280 Selling Price: 55780 (2k rebate, 4k discount) Admin/Tag fees: 602 Residual: 37991 (61%) 0 down DEALER QUOTE = $826/mo My calculations (6 calculators based on 0.00151 MF) = $712
OPTION 2 - MSport MSRP 57860 Selling Price: 51360 (2k rebate, 4k discount) Admin/Tag fees: 602 Residual: 35295 (61%) 0 down DEALER QUOTE = $786/mo My calculations (6 calculators based on 0.00151 MF) = $648
What is occurring here? Is their MF/APR around 7.2%? Are they wrapping one of the pull ahead programs in? I dont have full lease worksheets showing exact calcs but based on guidance above cant make sense of it and like some firepower.
I am not in a hurry and can shop around to few other dealer, just want to take their quote and shop it asking for better. Well maybe in a hurry if 2018s+ residuals are dropping and the MF is increasing.
Thanks much community!
$925 acquisition fee + money factor marked up to .00191, most likely.
Also, if the dealer covers anything, it's coming out of your pocket, one way or the other. That's just physics.
Thanks. They gave me the detailed worksheet. Showd 0.00191 MF and the acq cost was there (wondered where it was). Any tricks to get dealer to flatten out to 0.00151 MF outside of just walking away if not?
Otherwise deal looks pretty clean, 6% off'ish, and with the rebate is pretty good tme.
The acquisition fee and the money factor markup add up to about $80/mo. If you are off by $140, then there is a lot more crap in there... ask for the adjusted CAP cost, and see how that compares to the sale price.
And yes.... if they won't come down, vote with your feet.
Is acquisition cost ($925) even negotiable or removable or is that par for the course for BMW leases or any lease for that matter given the dollar value by vendor may change?
Acquisition fee not negotiable and is part of every BMW lease.
Can you confirm... is the 0.00151 MF for 2017 530i a BMW FS published rate? I just had the sales guy ask where i am getting that MF/APR from as he says 0.00191 is 'standard'? Is that B.S. (suspect so)?
.00151 is the base rate; dealer can mark it up .00040 for extra profit.
Just tell him you won't sign a deal where the MF is marked up; they know what the base rate is.
However, be prepared to give up some discounting from the sticker price to get that. Dealers are getting smarter - you can have:
1. base MF and smaller discount from sticker 2. inflated MF and a bigger discount
Have to run the numbers both ways to see which gives you a better payment.
Ideally, you want both the base rate and the big discount, but you may have to shop multiple dealers to get it.
Comments
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Does previous customer count?
Thanks,
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Thanks,
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Extra miles will cost you, I think, .25/mile, up front, deducted from the calculated residual.
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MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I noticed that in my current lease, the Adjust/Net Capitalized Cost include BMW Wear&Tear ($1300), dent/ding insurance ($100), Service Contract Fee ($200) and Acquisition Fee ($925) along with invoice price, this would substantially bump the capitalize cost hence the monthly payment. Is this right?
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Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
Could you elaborate on this? $1600 for $5000 sounds a good deal to me
For example:
I pay $400/yr premium for the liability portion of my car insurance, but that's $500,000 of coverage.
I pay $290/yr premium for a $250,000 life insurance policy..
So... $1600 premium for $5000 of coverage seems very high to me.
Edmunds Price Checker
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Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
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Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
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Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
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Did you get a good deal? Be sure to come back and share!
Edmunds Moderator
2018 discussion is here:
https://forums.edmunds.com/discussion/44735/bmw/5-series/2018-bmw-5-series-lease-questions#latest
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Yes, the tax bite in Texas does hurt your lease payment.
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MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Unfortunately, BMW suspended the MSD program a couple months back.
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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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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Should the cost be different if I am thinking of purchasing after my lease deal if over. Ie.out the door price.
I understand I should put down only first month and taxes down at drive off rather than the big amount like 3k downpayment. I understand monthly lease is more... Thank You
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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!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
We suggest a target of 7% off sticker, before applying any available incentives.
Tax in CA is against the monthly payment - your up front cash should be just the first payment and the DMV costs.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Was attempting to build-to-order but appears the 2018s residuals went down from .61 to .58 so thinking 2017 model may be best option if can swing it. Why are residuals going down when always have been used to 5 series staying north of 60% for 36/12 leases?
OPTION 1 - MSport MSRP 62280
Selling Price: 55780 (2k rebate, 4k discount)
Admin/Tag fees: 602
Residual: 37991 (61%)
0 down
DEALER QUOTE = $826/mo
My calculations (6 calculators based on 0.00151 MF) = $712
OPTION 2 - MSport MSRP 57860
Selling Price: 51360 (2k rebate, 4k discount)
Admin/Tag fees: 602
Residual: 35295 (61%)
0 down
DEALER QUOTE = $786/mo
My calculations (6 calculators based on 0.00151 MF) = $648
What is occurring here? Is their MF/APR around 7.2%? Are they wrapping one of the pull ahead programs in? I dont have full lease worksheets showing exact calcs but based on guidance above cant make sense of it and like some firepower.
I am not in a hurry and can shop around to few other dealer, just want to take their quote and shop it asking for better. Well maybe in a hurry if 2018s+ residuals are dropping and the MF is increasing.
Thanks much community!
Also, if the dealer covers anything, it's coming out of your pocket, one way or the other. That's just physics.
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Otherwise deal looks pretty clean, 6% off'ish, and with the rebate is pretty good tme.
And yes.... if they won't come down, vote with your feet.
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Also, to confirm, BMW did away with MSDs!?! Yikes, I wish I had pulled ahead and leased earlier this year. THANKS!!
Acquisition fee not negotiable and is part of every BMW lease.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Deduct .25/mi for the demo miles.
Yes, MSD program ended as of 1 May, I believe.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Can you confirm... is the 0.00151 MF for 2017 530i a BMW FS published rate? I just had the sales guy ask where i am getting that MF/APR from as he says 0.00191 is 'standard'? Is that B.S. (suspect so)?
.00151 is the base rate; dealer can mark it up .00040 for extra profit.
Just tell him you won't sign a deal where the MF is marked up; they know what the base rate is.
However, be prepared to give up some discounting from the sticker price to get that. Dealers are getting smarter - you can have:
1. base MF and smaller discount from sticker
2. inflated MF and a bigger discount
Have to run the numbers both ways to see which gives you a better payment.
Ideally, you want both the base rate and the big discount, but you may have to shop multiple dealers to get it.
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https://forums.edmunds.com/discussion/44735/bmw/5-series/2018-bmw-5-series-lease-questions#latest
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Somehow I quoted the 36/10 residual.
Good catch.
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