04-24-2013, 07:55 AM | #69 |
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To each their own! Whatever is comfortable for people. I also like the 'low monthly' feel. Call is psychological or just mental, but putting down MSDs to reduce rate is totally viable option in my opinion. I for one, also usually try to either pay the taxes up front, or make a small cap cost reduction fee to lower my payment...
If you are comfy with 0 down and high monthly, that's totally acceptable as well Not baffling at all But there are numerous threads that discuss the down payment vs. MSDs, so in my opinion, a never ending discussion. Because everyone has their opinion on it... |
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05-03-2013, 04:59 PM | #70 |
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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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05-03-2013, 06:20 PM | #71 |
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Tax $3114.95 on what?
Doc fee $599.00? IMO is not a good deal! |
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05-03-2013, 06:55 PM | #72 | |
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05-03-2013, 06:59 PM | #73 | |
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I would HIGHLY recommend not getting a lease through the dealership, use a leasing company, youl be able to get a 55k MSRP 335i for MAX 550$ a month with taxes included, and only 1800 down which includes first month security and dmv fees etc. |
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05-03-2013, 10:55 PM | #74 | |
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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. |
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05-04-2013, 07:25 AM | #75 |
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What are these leasing companies you're speaking of?
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05-04-2013, 09:03 AM | #76 |
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Here in the NY area there are many of them, and they do work with out of state clients as well.
It's the same exact thing as leasing from dealership, you get a bill from BMW financial every month, you go to dealer for service etc. They have a "fleet discount" and work with BMW dealers, and get the car at a much cheaper price which results in lower rates, not to mention they don't have the massive overhead that bmw dealers incur. I used bestbuyleasing.com, their FB page is https://www.facebook.com/bestbuyleasing?ref=ts&fref=ts Guy named eddy got me a f30 55K msrp for 540 a month (that's with NY taxes included) , altough its only 10k miles a year. only up front fees were 1800- for first month, security deposit and random fees. It's my second car from them. The actual dealer prices will always be about 60 more a month. |
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05-04-2013, 01:40 PM | #77 | |
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05-04-2013, 03:50 PM | #78 | |
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05-04-2013, 05:29 PM | #79 |
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yea, he can work with you even if your in miami! And about the extra 3k, not sure, maybe ask the dealer?
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05-04-2013, 05:56 PM | #80 | |
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If anyone wants to use the google doc I created, the inputs are in yellow (you may have to save your own copy in google docs though). This organized everything much better for me. https://docs.google.com/spreadsheet/...nc&usp=sharing Thanks again for all the help! |
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05-04-2013, 08:35 PM | #81 | |
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05-10-2013, 01:06 PM | #82 | |
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05-11-2013, 08:28 AM | #83 | |
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Any discount you negotiate on a lease goes DIRECTLY into your pocket in the form of lower monthly payments, plus a small amount of interest savings and sales tax. So if he gets them down from $800 over invoice to invoice, he is saving $800 + interest + tax over the life of the lease. Not so insignificant....
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05-11-2013, 02:43 PM | #84 |
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Nothing wrong with it. Some people want to keep the monthly payments below a certain threshold. I understand that if the car is totaled, you lose that money. But for some folks, that's a tiny risk worth taking in order to keep their monthly expenses down a bit. (And if your unfortunate enough to be in an accident that results in the total loss of your vehicle, your probably not sweating the $2,000-$3,000 loss; you're just thankful to get out of it alive.)
Again, I know that it's not "recommended practice" to opt for a cap reduction, but I can certainly understand why some might do it. Not enough to baffle. |
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05-11-2013, 08:31 PM | #85 | |
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Invoice pricing on cars CAN be found, its tough to negotiate though |
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05-11-2013, 10:59 PM | #86 |
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Yes, the MSD's are a good idea, of course; But i wouldn't criticize someone for doing both MSD and a cap reduction in order to get a monthly lease payment that they're more comfortable with. To each his own. And the risk of totaling your car is so minute that 99% of people shouldn't have to worry about it. In my family, over a period of 40 years and dozens of cars, we've managed to total one vehicle. (And that was a very light, Toyota Twin Cam RWD with summer tires on frozen pavement.)
And you are correct invoice pricing IS attainable. Dealers are compensated in a bunch of ways that we're not always aware of. Like I said, I paid about $500 below invoice. If you're well informed and patient or lucky you can get a really good deal. For a majority of people, though, buying a car is a dreaded experience. And paying a couple of hundred bucks more to avoid haggling isn't so bad. (Had a dealer not taken me up on my offer, I would have been fine paying $500-$600 over invoice. |
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05-12-2013, 03:25 AM | #87 |
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05-12-2013, 04:00 PM | #88 |
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Whats your secret? I just emailed a sales associate about everything I wanted and asked him "whats the closest I could get to invoice when leasing a fully loaded sport 335i sedan with adaptive M suspension and automatic transmission w/ paddle shifters?" and he said he could do 3% off MSRP!? Which I calculated is no more than $2000 off 58k. I have no negotiating skills whatsoever.
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