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      04-23-2013, 03:40 PM   #67
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I will see if he removes atleast half the fluff
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      04-23-2013, 07:22 PM   #68
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it still baffles me that people put money down on a lease
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      04-24-2013, 07:55 AM   #69
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Quote:
Originally Posted by jddssc121 View Post
it still baffles me that people put money down on a lease
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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Quote:
Originally Posted by andy6387
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!
Have you tried using the bmwconfig.com calculator?
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      05-03-2013, 06:59 PM   #73
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Quote:
Originally Posted by andy6387 View Post
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!


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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Quote:
Originally Posted by andy6387 View Post
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!
It's pretty hard to tell where these numbers are coming from, but it seems pretty clear that this is a bad deal. I ran some numbers for you and here's what I came up with:

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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Quote:
Originally Posted by infinitigor View Post
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.
What are these leasing companies you're speaking of?
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      05-04-2013, 09:03 AM   #76
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Originally Posted by alex2364 View Post
What are these leasing companies you're speaking of?
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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Quote:
Originally Posted by infinitigor
Quote:
Originally Posted by alex2364 View Post
What are these leasing companies you're speaking of?
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.
Are these companies available in California?
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      05-04-2013, 03:50 PM   #78
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Quote:
Originally Posted by infinitigor View Post
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.
Is this service available in Florida for that matter? But to answer the previous Q I can't figure out where that ~3k is coming from in the tax category. You don't have to pay tax up front for FL leasing and it's also 6% not 7%.
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      05-04-2013, 05:29 PM   #79
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Originally Posted by Ryan9095 View Post
Is this service available in Florida for that matter? But to answer the previous Q I can't figure out where that ~3k is coming from in the tax category. You don't have to pay tax up front for FL leasing and it's also 6% not 7%.
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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Quote:
Originally Posted by mntbiker View Post
It's pretty hard to tell where these numbers are coming from, but it seems pretty clear that this is a bad deal. I ran some numbers for you and here's what I came up with:

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.
Thanks everyone (and especially mntbiker), This was exactly what I needed. I made my own google doc sheet to plug figures into with all the math to know exactly what makes up the costs. I e-mailed this back to the dealer but I'm not holding my breath that they will be interested in taking it. I suspected the quote was intentionally confusing, missing items, etc but like you guys I couldn't even make heads or tails of how they were getting their final calculated numbers based on the inputs on the sheet.

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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Originally Posted by andy6387 View Post
Thanks everyone (and especially mntbiker), This was exactly what I needed. I made my own google doc sheet to plug figures into with all the math to know exactly what makes up the costs. I e-mailed this back to the dealer but I'm not holding my breath that they will be interested in taking it. I suspected the quote was intentionally confusing, missing items, etc but like you guys I couldn't even make heads or tails of how they were getting their final calculated numbers based on the inputs on the sheet.

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!
Nice! Glad it helped. I like your spreadsheet, I have one very similar that I use when I'm calculating lease payments all day at work. Much faster than using the online lease calculators all the time.
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      05-10-2013, 01:06 PM   #82
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Quote:
Originally Posted by andy6387 View Post
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!
a deal like this is a real world deal to me. i've never seen some of the deals that people talk about here.
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      05-11-2013, 08:28 AM   #83
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Quote:
Originally Posted by DC Newbie View Post
The deal outlined seems to be about $800-$900 over invoice. It is possible to get a dealer to agree to go lower, even below invoice in some cases--I'm paying about $500 below invoice.--but it may not be worth the hassle. Even he were to succeed in bringing the dealer down to invoice price, the difference in dollars on the lease described would be about $200-$300. Trying to squeeze the dealer for the extra couple of hundred bucks may not be worth the effort.

So, yes, it's a good deal. It's not a spectacular deal; but it's a FAIR deal for both dealer and buyer. At least as i see it.
I don't get your point about only $200 or $300...

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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it still baffles me that people put money down on a lease
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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Quote:
Originally Posted by DC Newbie View Post
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.
Do the MSD, you won't lose your money if you total

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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Do the MSD, you won't lose your money if you total

Invoice pricing on cars CAN be found, its tough to negotiate though
imo negotiating via email is pretty easy
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      05-12-2013, 04:00 PM   #88
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imo negotiating via email is pretty easy
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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