Quote:
Originally Posted by Mike328x
I've been watching the lease offers since July and I'm curious about the MF for the current offer.
Current offer for a 2013 328i xDrive is $399/month for 36 months, 2K Build-out, $500 loyalty included in payment. $3874 due ($2750 down + first month payment + $725 acquisition fee). Please remember the offer excludes tax, title, license, registration, and doc fees.
MSRP is $42,875 and purchase option at lease end is $25296 so residual is 59%.
I assume Net CAP Cost is $37,625...(42,875 - 2000 buildout - 500 loyalty - 2750 down).
If so base monthly payment is $342.47...formula is (37,625 - 25,296) / 36.
Since the advertised monthly payment includes finance changes, $399 - $342.47 equals $56.53, which is the finance charge.
I think the formula for finance change is (Net CAP + Residual) * Money Factor. If I use a money factor of 0.0009, I get $56.63 ((37,625 + 25,296) x 0.009).
Can anyone confirm if this is the money factor for a 2013 328i xDrive? I called a couple of dealers, but I'm unable get a straight answer. If the MF isn't 0.0009 then the selling price must be lower (maybe some dealer contribution involved).
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The Invoice, CAP and Net CAP numbers should be provided to you or confirmed by your dealer, Net CAP your base number for your payment calculation.
Here is a better way to look your pricing for MY2013.
CAP = Dealer's Invoice - Additional Discount
Net CAP = CAP - Incentives ($2,500)
Financed amount = Net CAP - Residual of MSRP
Base MF for MY13 is 0.00125 APR = MF*2400=3%, you can reduce it further by MSDs
also if you buy your car within 30 from trading-in your all cat you get additional $500 toward your 1st month payment
So we need a bit more info from you in order to better help you
