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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
What should i shoot for the initial payment? Just first month and dmv fees? Or is it possible to just pay the first month and roll the rest into the monthly?
Thanks in advance
If you roll the DMV fees into the payment, you just made them taxable, which they aren't, if paid upfront.
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BMW invoice $42,740
Selling Price $39,999
12,000 Miles per year, 36 Months term, $1,210 Total Drive off (includes 1st Payment, DMV, Tax, Registration) ONLY, Lease Loyalty Rebate $3,000 , and Monthly Payment is: $398.55 + Tax (9.5%) = $436.41
I asked for first month and dmv fees only.. does this sound about right?
Thank you!
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
But, there is also an "auto enhanced" score that puts more weight on your auto loan history. That score might be lower because you don't have any history.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
The increase for a more expensive car will generally be a like percentage of the payment, all else being equal.
So, if the $40K MSRP vehicle is $500/mo, then the same model with an MSRP of $41K should be about $512.50/mo. (payment = $12.50 per thousand MSRP)
If the 40K MSRP vehicle was $600/mo, then $41K MSRP should be about $615/mo. (payment = $15 per thousand)
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1) First question is this a good deal?
2) Dealer claim that $2167 is the total of (Acq Fee $925 + $80 other fee + $400 Registration Fee + $474.34 + Tax on the rebate). Is Tax on the rebate legal?
3) Do you know if the BMW FS accept full payment of the lease so that I don't have to pay the interest on MF?
$0 cash due from you at signing, or just the first payment?
Either way, looks like a solid deal.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
could I please have your thoughts on the following deal?
thanks so much in advance!
2018 330xi
36mo-12k/yr lease
msrp 52,595
selling price before incentives 47,006
gross cap cost 47,206 (200 reg fee added)
net cap cost 42,706 (after 4500 in rebates/credits)
drive-off: 1,861 (includes 449 first pmnt, 925 bmws fee, 395 doc fee, 83 tax on bank&doc fees, 9 title fee)
reg fee 200 (rolled into cap cost)
rebates 3000 holiday+1500 loyalty
mf 0.00152
residual 60%
monthly pmnt 449 (includes sales tax @ 6.25%)
That's an $1800 difference in the cap cost to the dealer quote.
We'd suggest you restructure the deal to add the bank fee and the doc fee into the payment, to lower your up front cash.
The registration fee should be paid up front, as that is a non-taxable fee.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
May I please get RV and MF for 2018 320i xDrive for 12k/24m and 15k/24m in Maryland area?
Thank you!!
$3000 lease credit
36 month residuals are 6% lower.
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Here is a quote I got from a midwest dealer for 2018 330i xDrive 36month/10K lease. I have a X3 at the end of the lease that needs to be returned to the same dealer.
Vehicle Price: $49,035.00
Discount Savings: - $2,206.55
Customer Rebate: - $4,500.00
Price: $42,328.45
Sales Tax: + $3,306.79
Documentation Fee: + $172.15
Tag/Registration Fees (estimate): + $25.00
Balance Due (estimate): $45,832.39
MF .00152 and 61% RV
$532/mo.
How much discount percentage I should aim for before any incentive? Thanks!
What state is this, that the taxes are so high?
Also, I don't see reference to the $925 acquisition fee.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I'm looking to lease a 2018 330i (Convenience, Navigation, Shadow Sport edition packages) from a dealership in the SF Bay Area. Below are the numbers that they've quoted me. Can you please let me know if this looks OK or if there are any red flags I should be aware of or areas I should be negotiating?
Thanks!
I'd want to know what $374 + $109 + $415 is all for. Maybe one of the bigger numbers is upfront tax on the rebate + your cash cap reduction? If so, that part makes sense.
That's a nice big discount, but of course, they are making up part of it by jacking up the money factor.
I'd ask for the base money factor, and structure the lease with just first payment and DMV fees upfront.
With base money factor and just $1000 due at signing, your payment would go up about $33/mo. (but, you'd have $2000 more in your pocket)
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Amount Due at Signing
1st Month Payment 531.61
Security Deposits 0.00
Acquisition Fee 0.00
Fees & Insurance 0.00
Upfront Taxes 15.00
Cap Reduction (Cash) 0.00
Total Inception Fees 546.61
Payment Information
Base Payment 496.83
Monthly (7.0000) 34.78
Final Payment 531.61
Rate Information
Retention Rate 0.00152
Reserve Profit 0.00000
Disclosed Rate 0.00152
Residual Information
MSRP 49,035.00
Residual (Base) 58.00
Residual (Bump) % 3.00
Total Residual 29,911.35
Purchase Option 29,911.35
Capitalized Cost Breakdown
Total Selling Price 46,828.45
Acquisition Fee 925.00
Fees & Insurance 197.15
- Cap Reduction (Cash) 0.00
- Trade In 0.00
- Customer Rebate 4,500.00
Total Capital Reduction -4,500.00
Capital Cost 43,450.60
Capped Taxes 315.00
Total Capital Cost: 43,765.60
Tax Breakdown
Type Amt Rate Paid
Cashdown Tax 315.00
7.0000 Capped
Use Tax 15.00 N/A Upfront
Mileage Information
Allowed Miles Per Year 10,000
Mileage Program 10,000
Add. Purchased Miles per Yr 0.00
Additional Miles Chrg 0.00
Total Mileage Chrg 0.00
Total Mileage Allowed 30,000
Excess Mileage Chrg 0.25
Odometer 0
But, still only 4.5% off the sticker price. Ask for another $1200 off sticker before the incentives; should save you about $30-35/mo
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I'm in CT but the car is in NJ, anything that I need to know about getting this car from out of my state? Thanks!
Are you negotiating with the NJ dealer? I'm guessing you'll have to go get it. BMWFS will assist the dealer on the correct tax treatment and registration.
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What are your thoughts on this?
thank you
Upfront charges of $1403? Is that tax and DMV/dealer fees?
The math is correct.
Money factor is marked up from .00152 base. That adds $16/mo.
Otherwise, looks really good.
Just first payment at signing, right?
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Thanks again!
What is the tax rate in NY for a leasing car. For example, if the residual value is 20000 and the price after 7% MSRP and incentives is 40000, how much tax should I pay for the delta (40K-20K)? Some website says NY requires paying the lump sum of this delta upfront. When I search for the tax rate, many rates pop up without a clean answer.
A relevant question is that would the dealer violates any law if he/she makes up some number for the tax in my contract. For example, tax showed up in my contract = (real tax + extra fee).
Thanks very much!
(Sum of the pre-tax lease payments + rebates + cash cap cost reductions) X tax rate.
It might not be that exactly, but it's pretty close.
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MSRP is $42,895
10,000 miles per year
36 months
$3000 Drive off
61% Residual Value
mf .0019
incentives/rebates: $4,500 rebates/loyalty, an additional $1,510. And absorbing 2 extra payments from my current lease that total $687. So for a total $6,697.
There are actually 2 cars (same MSRP--$42,895)
The first car they quoted me at $420 a month.
The second car has 1,500 miles on it because it's was a loaner car (but has same options and price as first). They quoted me at $409.67 a month for this one.
My question is: is this a good deal? Shouldn't they be able to take something off the MSRP (shouldn't they be able to take off 7%)? I do not put a lot of miles on my cars, is that factor?
But, they are marking up the money factor from the base .00152 MF.
On top of that, you are eating those two payments ($687).
So, a below average deal, and eating payments on the old lease. Why would you want to trade out early for that deal? Seems like a lot of money to only drive 400 miles per month.
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Could you please tell me what the MF and Residual is on a 2018 340i xDrive Sedan for 36 months / 12,000 miles?
I also have a 2015 335xi going in for lease-end (due in March/April) which is way under mileage, roughly 10,000 under. Can I use that to play significantly to my advantage with the new lease?
I remember 1% MSRP as the monthly payment is a very useful guiding metric to evaluate a deal.
Could you please clarify:
(1) is this MSRP before 7% discount or after? or even after incentives?
(2) in NY it seems that we have to pay a lump sum for the tax of the total leased value upfront. By saying that, is the monthly payment actually including tax or not? The answer is relevant when we want to use 1% rule to compare with the monthly payment.
Thanks for the unremitting efforts in answering all those questions in the forum~
$3000 lease credit
$1500 loyalty
The only advantage to your low miles, is if the wholesale value of the car is greater than the lease payoff, and the dealer takes it in trade, then credits you with the equity.
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And, it's 1% of MSRP. MSRP is a fixed number.
2) Let go of the 1% rule.. It's a general guideline to make you stop and think: How much am I really paying for this car. It's more important that you learn all of the numbers that go into a lease payment, and how to get the lowest payment possible.
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$3000 lease credit
all models
2017 3-series thread can be found here:
https://forums.edmunds.com/discussion/42196/bmw/3-series/2017-bmw-3-series-lease-deals-and-prices#latest
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Looking at 2018 340s. The ones I'm looking at sticker from 57-59K like this one https://goo.gl/1b6dzF
I have $4500 in end of year + loyalty credit. One dealer is mentioning something about tax credits they have, but I have no idea what that means.
Is it realistic to target the between $520-$560 as a new 3 yr 36k mile lease? Looking to do as little down as possible (Likely around $1-1.5k for first months payment and fees) due to advice I've seen on this forum (did about $2.5K down on first lease). With base MF of .00152 and 8-10% off, my calculator has me around $560.
Just trying to get advice on what to target. I'm lucky to have several dealers within 100 miles of me that I hope to be able to find a great deal at. Thanks for the advice and merry Christmas.