Quote:
Originally Posted by andy6387
I'm currently in the negotiation process for a 2013 335i to replace my current 2011. I have this quote from the local BMW dealership and i'm having trouble making the numbers work. In this quote, they claim to be using the following info:
Money Factor: .00127
Residual: 64%
Lease Term: 36 months
Miles: 12,000
Sales Tax: 7%
MSRP: 53,200
Sale Price: 50,476 (less 750 rebate = 49,726)
My questions are:
1. Is this a good deal?
2. How can I use the numbers above to reach the numbers on the side? I am using the ridewithg calculator at http://www.ridewithg.com/calculator/index.html but playing with the numbers is not coming out to what I want.
Thanks!
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It's pretty hard to tell where these numbers are coming from, but it seems pretty clear that this is a bad deal. I ran some numbers for you and here's what I came up with:
1) Used BMWConfig to find the estimated invoice price on your car (since I don't know the specs). I priced one out to MSRP $53,125 with an invoice price of $49,390. Close enough.
2) Calculated the net cap cost as: $49,390 (invoice) - 750 (loyalty) + 725 (acquisition fee) + 1000 (dealer cash, could be a lot lower). Cap cost comes to: $50,365.
3) Factored in 7% tax on the monthly payment (=$39/mo)
4) Total monthly payment with these numbers would be $601 (tax included). If you only pay $500 over invoice, this goes down to $585/mo.
This would be with no down payment. Due at signing should be first months payment + fees/dmv/title/etc - $500 turn key (loyalty).
I have no idea what that $3115 tax amount is. Do you have to pay tax up front in FL?
Also, the doc fee seems really high like others have said.