09-04-2013, 08:46 PM | #67 |
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09-04-2013, 10:20 PM | #69 | |
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Thank you David and GOLFFRR!!! |
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09-05-2013, 12:00 AM | #70 |
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09-05-2013, 05:21 AM | #72 |
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Dumb question. Are the residuals the same for the xi and the I?
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'06 325Xi - Jet Black - SOLD, '08 328Xi - Jet Black, Coral, 6spd - SOLD, '07 328Xi - Jet Black, SOLD, '11 328Xi, Deep Sea Blue, Oyster/Black - SOLD
'14 428XI, Alpine White, Coral, MSport, Auto, Premium, Tech, Heated Seats/Steering, Drivers Ass, Drivers+ - On Order for ED |
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09-05-2013, 06:41 AM | #73 | |
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That is correct. West coast 90 days, East coast 60 days I have a text into David, as soon as he shoots me a reply back I will PM you since this is a f30 post I dont want to have any confusion. I would think yes, however to be certain I asked David this as well and as soon as I hear back I will post up for you
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09-05-2013, 10:53 AM | #74 |
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sorry for the slight delay, David sent them to me a while a go but I got tied up. The Xi and i are the same
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BEFORE YOU BUY YOUR NEXT BMW, EMAIL OUR GUY KOTE FIRST! Kote M Sales:Kotem@bmwofcamarillo.com Cell:805-368-9101 vipfinance@bmwofcamarillo.com for warranties! |
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09-05-2013, 10:54 AM | #75 |
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pm sent, let me know if you need anything else
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BEFORE YOU BUY YOUR NEXT BMW, EMAIL OUR GUY KOTE FIRST! Kote M Sales:Kotem@bmwofcamarillo.com Cell:805-368-9101 vipfinance@bmwofcamarillo.com for warranties! |
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09-05-2013, 02:17 PM | #77 |
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09-05-2013, 02:49 PM | #78 | |
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According to what I was told, this should be my MF after figuring everything off the base rate. If MF is .00125 + ED .00030 Total .00155 .00155 - Prepay .00080 - 7 MSD .00049 Total MF for my prepaid lease would be .00026 does that sound correct? |
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09-05-2013, 03:18 PM | #79 | |
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09-05-2013, 03:30 PM | #80 | |
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Plus, you may be taxed on top of your prepayment? |
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09-05-2013, 04:24 PM | #81 |
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That's not actually true...BMW puts your money into an escrow account and then makes payments to itself monthly from it. However, by prepaying the entire thing into the escrow account, it significantly lowers the MF and the hassle for me. Also, it still has gap insurance etc.... Look it up, it's a damn fine program.
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09-05-2013, 04:41 PM | #82 | |
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09-05-2013, 06:54 PM | #83 |
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09-05-2013, 06:58 PM | #84 |
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09-05-2013, 07:11 PM | #85 |
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09-05-2013, 07:57 PM | #86 | |
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So, essentially, BMW FS doesn't have all of your cash at one time. Therefore, whatever is left in the account, in the case of a total loss will be calculated and returned to you. The advantage of having them escrow the entire lease payment at one moment which then makes the payments for you is a reduction in the MF by .00080, if you do that on top of the .00049 MSD you're talking about a pretty big reduction from the standard .00125 rate. |
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09-05-2013, 08:09 PM | #87 | |
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Also, the reasoning behind doing a single pay lease... I was going to pay cash for the car. So, in my mind, the money is spent. However, it's a new model and first few months make of a new model. To me, this presents some inherent risk. If the car was unmanageable with little issues and problems, and I wanted out before maintenance and warranty expired, I would have to sell the car that I paid a hefty sum for. Also, by then others would have to be made aware of the teething issues. So I would lose more from my sale. However, if I leased it, I was locking in my purchase price if it was rock solid after three years, and I could still own it outright. However, I also had the option of just turning it in at the end and dumping the headache. In almost all the scenarios, I ran numbers on, I came to total cost to own with a lease and buy, and an outright cash purchase. The difference between these was like less or right around a grand a year for three years. To me, I viewed this as an insurance policy I would be willing to pay. However, if the program details aren't correct and I can't reduce the money factor as much as I'm being led to believe, then that spread gets wider. Either way, I have some risk. But that was my thinking. If I could use .00125 + .00030 (ed cost) -.00080 (prepay) - .00049 (MSD) then I would have a money factor at .00026 which equates to an APR of something like .65%. Which in my eyes seems like a fair amount for three years for the option to turn the car back in. But, like I said, I haven't seen official papers drawn up, and the MF might not look that good (if I can't use the MSD and Prepay discounts). |
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09-05-2013, 08:13 PM | #88 | |
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Also, you never responded on my Tax question, since you make a payment, isn't it taxed as your down payment in addition to regular taxes? Do you have a brake down of you payments and charges? I'd like to run your numbers and compare them to a regular payment schedule. |
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