05-20-2013, 09:44 AM | #1 |
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[Official] Post Your Deals! / Feedback On Your Quotes
Hello All,
I’ve noticed members posting their questions about the deals they got and/or were quoted and want feedback as to if it was/is a good or bad deal. This is my attempt to consolidate those posts into one central thread that will act as a repository for future reference and aid others now and in the future. With that said let's keep the format the same for consistency. I’ve provided an example template below: Code:
Price you got [IF Already BOUGHT car] Dealer Name/ Location: Fuzzy Bunny BMW/ Pony Land, Alabama Year/Model: 2013 335i xDrive MSRP: $XX,XXX Invoice: $XX,XXX Options/Packages: Technology Package, etc. Cash Down/ **MSD: $XX,XXX Negotiated Price: $XX,XXX *Money Factor: 0.00129 *Lease term/Miles: 15,000/36 months *Lease Payment: $XXX Other Pertinent Information: **[Only Applicable if you leased and cash down went towards MSD] Code:
Price you were quoted [Have NOT BOUGHT car] Dealer Name/ Location: Fuzzy Bunny BMW/ Pony Land, Alabama Year/Model: 2013 335i xDrive MSRP: $XX,XXX Invoice: $XX,XXX Options/Packages: Technology Package, etc. Negotiated Price: $XX,XXX Other Pertinent Information: Please let me know if you would like anything added/changed on this to help yourself and others on their car buying Endeavour. MT Last edited by phx08; 05-20-2013 at 11:42 AM.. |
05-21-2013, 03:25 PM | #5 |
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Year/Model: 2013 328i xDrive
MSRP: $46,045 Invoice: $42,900 Options/Packages: M-Sport, Lightning, Driver Assist Cash Down/ **MSD: $3,000 Incentives ($1000 College Grad, $1000 Holiday, $1000 Drive for TeamUSA) Negotiated Price: $42,854 *Money Factor: 0.00130 *Lease term/Miles: 10,000/36 months *Lease Payment: $460.45 Other Pertinent Information: 8.875% NY Tax rolled into monthly. $1,900 due at sign for bank fee, DMV/doc fee and first month.
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05-21-2013, 03:56 PM | #6 |
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Dealer Name/ Location: Herb Chambers Boston
Year/Model: 2013 328i MSRP: $46,400 Invoice: No idea Options/Packages: M Sport, DHP, Lighting, Moonroof, Manual, HK Sound, Alarm Cash Down/MSD: $5,750 Negotiated Price: No idea *Money Factor: 0.00127 *Lease term/Miles: 10,000/36 months *Lease Payment: $408 (taxes rolled in) Other Pertinent Information: N/A |
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05-27-2013, 12:23 AM | #10 |
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Whoops, sorry about that! Rather than guessing, i'm going to leave the PPT (Since MA works differently with that) out of this and give the base payment.
This is assuming 2% ($825) profit Code:
Gross Capitalized Cost $43,000.00 Capitalized Cost Reduction - $5,750.00 Adjusted Capitalized Cost = $37,250.00 Residual Value - $29,802.00 Depreciation and any amortized amounts. = $7,448.00 Rent Charge + $3,065.62 Total of Base Monthly Payments (Depreciation + Rent Charge)=$10,513.62 Lease Term (Months) = 36 COMPONENTS OF YOUR MONTHLY PAYMENT: Base Monthly Payment = $292.04 TOTAL MONTHLY PAYMENT: $292.04 + (any pro-rated tax) Last edited by phx08; 05-27-2013 at 12:35 AM.. |
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05-27-2013, 08:09 AM | #12 | |
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05-27-2013, 07:03 PM | #15 |
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05-27-2013, 07:29 PM | #16 | |
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How should I be getting $300 according to your calc? That's about 50-60% of what even BMW NA quotes! I'm not saying you are wrong, more so just curious! I'm putting down $5,750, but that's also to the tax, title, dealer fees, ect. (I think this is about $2,000), so it's REALLY only ~ $3,500 down? 1.) How did you arrive at that Gross Capitalized Cost of $43,000? Is that just the invoice price for the respective MSRP of $46,000? 2.) How did you arrive at that residual amount of $29,802? Isn't MF about .62? I think the current calc shows a MF of about .80? 3.) What is rent charge? How is that calculated? I'm sure it's some factor depending on miles per year. Are there charts for this? Thanks so much for your assistance! Last edited by Pauleebe; 05-27-2013 at 07:34 PM.. |
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05-27-2013, 07:52 PM | #17 | |||
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- ANOTHER avenue is to stay at that 2% above invoice and advise that they can add all the fees that they want but everything out the door should not go above that price. That way you waste no time with looking at fees that are being charged (of course skim over them though). Both approaches reach the same end goal. <---I personally don't feel comfortable with this approach but others have done it and its very effective. I've also heard people getting a $500 over invoice deal and getting hosed on fees, etc. Quote:
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These numbers aren’t 100% accurate to what they will be in a real world situation, but it certainly gives you an idea of what to expect... I hope this helps Last edited by phx08; 05-27-2013 at 09:26 PM.. |
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05-27-2013, 09:33 PM | #18 | |
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I guess I can't figure out how a lease payment can be sub $300 for an MSRP $46,000 vehicle? I never hear of these deals! |
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05-27-2013, 09:40 PM | #19 |
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I think the number is deflated, the $5750 went towards the cap cost reduction. With your guesstimate of $3500 actually going towards cap cost reduction, the payment jumps to $357.40 (base payment) + $22.34 (tax) = $379.74
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05-28-2013, 07:27 AM | #20 | |
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Thank you for all your help! |
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05-28-2013, 02:44 PM | #21 | |
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No problem, glad I could help! |
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05-28-2013, 03:45 PM | #22 |
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Dealer Name/ Location: Bel Air BMW
Year/Model: 2013 335i MSRP: $54,748 Invoice: $50,481 Options/Packages: M Sport w/ 19", DHP, Premium, Navi, Heated Front seats, Black Kidney Grilles, 6MT Cash Down/MSD: $0 Negotiated Price: $50,481 *Money Factor: TBD but worst case .00127 *Lease term/Miles: 10,000/36 months *Lease Payment: $515 |
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