01-08-2013, 11:56 PM | #1 |
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Leasing help - 335xi!!
So my 335xi is arriving within 2 weeks or so (already on the ship somewhere in the Atlantic).
I'm seeing alot of lease deals for 335's in the high 500s (< $600/month) and trying to see how I can get there. Here are my details - let me know how much I should be paying per month. MSRP $51795 Capital Negotiated Cost $47935 (includes incentives - this is the final price) MF 0.0013 Residual: 58% (36 month lease) Acquisition Fee: $725 Documentation Fee: $399 (They tell this is non-negotiable) Taxes: 3.17% (in Virginia we pay tax on WHOLE value of car, ugh!) Tax/title/fees: $67 $0 down (except for whats required like 1 sec deposit + 1st month lease) There is an option to lower by MF by 0.00007 for every $750 I put as a security deposite up to 7x max for a total of 0.00049 lowering of MF. With these numbers, can someone tell me what is a good leasing monthly cost to pay? I ran it on some calculators but would love a 3rd party check from you all. I'm trying to get the monthly cost below $600 if possible. Thanks. |
01-09-2013, 12:02 AM | #2 |
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Seems your only option is the multiple security deposits unless you can negotiate a lower purchase price, but you'd have to be willing to walk away from a car you've waited all this time for to do that (or at least bluff that you will). You probably should be getting a bigger discount than that. What credits are in that price? Did you get BMW loyalty and holiday?
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01-09-2013, 12:12 AM | #3 | |
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I could bluff walking away but obviously don't *really* want to do this since I've been waiting for this car. If I already pre-negotiated the price of the car, do you think the dealer would budge to sell the car? At the end of day, I'll pay what I have to pay, just wondering if my calculations are wrong with all the numbers. I also don't mind MSDs to buy down the MF. |
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01-09-2013, 09:57 AM | #5 | |
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I did end up with $85 over invoice - but that was with the incentives. |
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01-09-2013, 10:23 AM | #6 | |
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My monthly is 590 btw. I did a 39 month lease @ 10k miles a year. I did max MSDs and 1500 down. My car is registered in MD so I had to pay 6% tax on the entire vehicle. My MSPRP was 57K. Last edited by chrisv_335EBII; 01-09-2013 at 10:34 AM.. |
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01-09-2013, 10:31 AM | #7 | |
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01-09-2013, 10:41 AM | #8 |
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In MD it was worth switching from 36 month lease to 39 month since our registration is good for 2 years instead of 1 year like some other states. I wouldn't want to pay an entire years registration for a car I'd only keep 3 months.
However, you are paying 3% less tax than me and your MSPRP is 5-6k lower. Your payment shouldn't be higher than mine |
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01-09-2013, 11:02 AM | #9 | |
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01-10-2013, 10:26 AM | #10 | |
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why is your tax rate 3.17%, i thought it was a flat 3% for VA then they hit you up for the semi annual excise tax. I can run numbers for you if youd like, did you make this deal in NOV/DEC? Did you get BMW TEAM USA $1000 incentive (only if your car is xdrive)? FYI the MSRP/INV on the car went up about $300+ in JAN which is when they will pull your invoice and punch your car into dealerspeed. Im sure they will eat that for you though.
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01-10-2013, 11:16 AM | #11 | |
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I made the deal in early December - not familiar with Team USA $1000 - can you fill me in on that one? I only got thr $1000 holiday + $750 owner loyalty. Would love to see if I can get an extra $1000. And yes - my car is xdrive. |
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01-10-2013, 03:08 PM | #12 | ||
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Im not an expert on VA taxes, but i always known it to be 3% of full selling price at purchase and then excise taxes periodically.
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