05-16-2013, 07:02 AM | #113 | |
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After my calc these are the assumptions: A fair dealer profit of 3% ($1,461.00) brings the negotiated price of car to $50,161.00+$925(dest. charge)-$1,000(rebate)= $50,086.00 I'm getting $404.09 @ 0.00129 w/ ~62% residual and $6,000 as cap cost reduction (not MSD). So something seems a little off there, what was the negotiated price of the car? It seems a bit high. |
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05-16-2013, 01:49 PM | #115 | |
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After my calc these are the assumptions: MSRP: $53975.00 A fair dealer profit of 3% ($1,461.75) brings the negotiated price of car to $50,186.75+$925(dest. charge)-$1,000(rebate)= $50,111.75 I'm getting $562.74 @ 0.00129 w/ ~63% residual and $1200 as cap cost reduction (not MSD). What was the quoted price? |
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05-16-2013, 03:57 PM | #116 | |
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Gross Capitalized Cost was $52,140 less 1300 cap reduction (not 1200 woops) Residual is $34,646.85 Pre-tax payment is $560.33 about 8.5% tax for me = $605 MSRP was just about 55k on the car.
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05-16-2013, 11:15 PM | #117 |
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05-17-2013, 01:51 AM | #118 |
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335i 2013
just got quoted a "great deal" 15k miles 36 months 609 a month including 7.25 % 6k down 53,454-1k(discount) ZMM - M Sport Line - $3,200 Includes M Sport Pkg, Estoril Blue Matte Highlight Trim Finishers, Aluminum Hexagon Trim, Delete Front Fog Lights, M Sport Suspension, M Steering Wheel, M Aerodynamics Package, Shadowline Exterior Trim, Anthracite Headliner, Increased Top Speed Limiter, Performance Summer Tires Also Includes Wheels: 18" x 8" Fr/18" x 8.5" Rr Style 400M. Sport Seats. Includes chrome rings around A/C and radio controls, sport instrument cluster and signature key. ZTP - Technology Package - $3,100 Includes Navigation System, Head-Up Display, BMW Apps ZPP - Premium Package - $2,200 Includes Comfort Access Keyless Entry, Lumbar Support, SIRIUS Satellite Radio, Dakota Leather Upholstery 494 - Heated Front Seats - $500 2TB - Transmission: Sport Automatic w/Shift Paddles - $500 |
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05-17-2013, 12:06 PM | #119 | |
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That seems a little steep. I have the exact same packages and paying just over 600 with tax and 2300 down including the 1k rebate from BMW - only mine is 10k miles not 15k. They should at least get you to invoice price. Based on what they showed me I was 1k under invoice
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05-17-2013, 03:50 PM | #121 |
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good deal?
Guys I got the following deal and wonder if this is good enough?
I am getting a car with MSRP $52,695 BMW 335i Sport Line Technology package Premium Package Heated front seats Park distance control Rear Camera so the deal is $2000 down (includes drive off and registration fees) $550 monthly (tax included) Is this a good deal? |
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05-17-2013, 09:01 PM | #122 | |
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05-18-2013, 06:10 PM | #123 |
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I am getting a 328 with MSRP $45,400
BMW 335i M-Sport Estoril Blue Lighting Package Manual Transmission Moonroof HK Sound Alarm Trade in of $3500 + $1000 Rebate + $750 Rebate = $5250 Down Payment is $377 (Backed out sales tax, after tax is $400 a month) This was placed in May but I was told there may be additional incentives when lease is "initiated" come June/July. Good deal? |
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05-19-2013, 01:28 PM | #124 | |
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I forgot to mention that the deal got locked in March special where 1k rebate was available. |
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05-19-2013, 05:05 PM | #125 |
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Not an MSD, but an actual cash down-payment.
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05-19-2013, 05:39 PM | #126 |
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Terrible. It is foolish to put that much down.
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05-20-2013, 07:07 AM | #127 |
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It’s risky. I wouldn't call it foolish; Possibly, their risk tolerance is a lot higher than yours.
You're essentially pro-rating that amount across the lease term and reducing it [your payment] by the quotient of the pro-ration. Consider it in a way that cap-cost reduction (cash down) is working hard to bring your payment down every month...like a productive construction worker. (Oxymoron? ) However, if Murphy's Law is true (haha) then you could end up losing the $6,000 down if your car gets totaled or stolen. You will have essentially lost out on whatever that $6,000 down was going to be doing (see above for imagery of a productive construction worker) for your monthly payment. MT |
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05-20-2013, 07:11 AM | #128 | |
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I'm confused. The selling price is very important when it comes to your lease payment. I think you may be confusing the residual (valuation of what BMW thinks the car will be worth after X years and Y miles) with the Cap Cost (price of car). |
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05-20-2013, 09:53 AM | #129 | |
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05-20-2013, 01:08 PM | #131 | |
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Thanks |
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05-20-2013, 01:13 PM | #132 | |
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Gross Captilized Cost [MINUS] Cap Cost Reduction [EQUALS] Adjusted Cap cost Adjusted cap cost (from above)[MINUS] Residual Value [EQUALS] Depreciation and any amortized amounts Depreciation (from above) [PLUS] rent charge (adjusted cap cost [PLUS] residual value)*money factor*lease term) [EQUALS] Total of base monthly payments (depreciation+rent charge) Base monthly payment (from above) [DIVIDE] #months in lease term [EQUALS] Base monthly payment Base monthly payment (from above)[PLUS] sales tax [EQUALS] Total monthly payment A small change in the money factor can act as a catalyst down the whole calculation....giving you a different monthly payment than what it should be. Last edited by phx08; 05-22-2013 at 01:51 PM.. |
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