08-19-2018, 05:23 PM | #2201 |
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08-19-2018, 06:49 PM | #2202 |
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08-25-2018, 08:38 PM | #2203 |
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It is .00166.
Its unlikely that verstft actually paid .00156, unless there were (2) security deposits involved. Money factor is not expressed anywhere on a contract (unlike a loan, where the interest rate is required to be disclosed by law). I am going to guess that he / she ment to type .00166, or, put down 2 multiple security deposits (rather than assuming that the dealer told him / her a lie on the money factor). verstft You can calculate the money factor on your deal if you want (since its not disclosed on the contract). 1. get your monthly rental charge (if you only have the total rent charge, divide that by the lease term and you will have the monthly rental charge), 2. add your net cap cost (selling price) and the residual amount together 3. divide the monthly rental charge by the sum total in step 2 above (sum total of net cap cost + residual) The resultant total will be the money factor used on your lease. |
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08-25-2018, 09:37 PM | #2204 | |
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So I did the math just because... .0016599999999 jjrandorin was spot on. Not sure why the salesman felt the need to give me a bogus MF. Probably to throw off my Leasematic app on my phone. Another thing that was bugging me. Total cost of lease was abouty 3k higher than what I'm calculating as my actual total lease cost based on payments and due at signing money. I'm assuming that's the 3K lease rebate? So there you go. MF .00166 RV 61 P.S. and I'm a he. But my wife is on the lease as well |
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08-25-2018, 09:43 PM | #2205 | |
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I just try to not assume gender unless its obvious from the name, so as not to offend anyone. Rebates are normally applied against "money due at signing" ( lease acquisition fee, dealer doc fee, etc etc) and the balance left over is applied as cap cost reduction. I use leasematic all the time, and its accurate. Put in the correct money factor in leasematic, put the 3k rebate in the rebate spot, and put the cap cost etc in there and you should get down to what your payment is to the penny. |
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08-27-2018, 06:40 PM | #2206 |
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Wow just wow. Went to the "new" dealer In town as we are looking for a new commuter car for the wife. I said I was looking for a 320i base and was open to a loaner with a larger discount as well as he told me he can get the price really really low on one of those... haha what a joke. They offered me a payment in the 600s. I asked to see the mf and full discount and the answer was let me talk to my manager. Do these sales guys think we are morons. I haven't heard back from him..
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08-28-2018, 07:16 AM | #2207 |
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2019 new build 440 xDrive couple
Estoril Blue Black Dakota Leather with Blue Stitching M Sport package Executive package Track handling package Head up display Increased speed limiter Heath front steering wheel Digital instrument cluster 19" M Double-spoke orbit grey wheels style 704 Additional maintenance warranty included in price for breaks etc. since this is no longer included. I used a $1000 drive event credit. MSRP $64,585 Sale price $59.592 I think that's about 8% off MSD: $4900 Monthly $700 Down payment: $4600 What do you guys think? Can someone do math to see if it's a good deal? Last edited by justa3bmw; 08-28-2018 at 04:18 PM.. |
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08-28-2018, 10:04 PM | #2208 | |
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IF that 4600 is actually cap cost reduction and does not include fees / drive offs (very very very very unlikely), then take the amount of cap cost reduction / down payment, divide by the lease term, and add the resultant amount to the monthly to see what you are really paying per month. I am going to guess that at least 1/2 of that 4600 is "registration, first month, lease acquisition fee, doc fee, etc) so if I assume 2300 of actual cap cost reduction that means 63.88 extra a month (2300 / 36 for 36 month lease term). So the payment is not really 700 even though thats what you are paying. Its 763.88 in this guess. On a lease you can make the payment whatever you want it to be. based on a 700 monthly, your lease cost is 25,200. If you made a 20k down payment, your monthly payment would be 144.44 a month. Doesnt change how much you are spending on the car, though. |
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08-29-2018, 07:28 AM | #2210 | |
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Bottom line. Need way more details. Lease term and mileage? What does "Additional maintenance warranty included in price for breaks etc. since this is no longer included."? What is the full price break down. Is sales pricing including the $1000 drive event credit? What about the $1500 lease credit that bmwusa.com is showing when I put in a CT zipcode and should be valid runs through 9/3 ? Are you a Costco or BMW CCA members? That's worth another $500 incentive you may be able to add to this. Need the breakdown of $4600 up front. I would say it's covering your lease acquisition fee ($925), tag/tag/title fee, dealer/doc fee, and other misc fees you don't yet know, plus first month, and you're probably at $2000 in fees leaving maybe $2600 of cap cost reduction. Base MF is 0.00166, with your 7 MSD's that drops the MF to .00131. Residual on 36mo/10k miles is 57% and 36mo/12k miles is 56%. I tried to hit a $700/mo payment, and one way I did it was with this sceanrio, which I think is realistic of what they are proposing: $64.585 - MSRP $59.592 - Negotiated sales price (includes $1500 lease credit from BMW FS) $2,000 - $925 lease acq, $700 first payment, rest in dealer/doc and tax/tag/title fees $4,6000 - Due at signing $1,000 - Driver event credit Assuming 7.75% CT tax rate, I'm right around $700 on a 36mo/10k lease, or $723/mo for 12k miles. If I remove the MSD's the payments are $740/10k and $760/12k. This was only scenario where I hit close to your number. So, if that's your actual breakdown, the math check outs Is it a good deal? Well, we need to see the breakdown to see if they are marking up the MF above base rate. Your discount off MSRP is about 7.8%, and on a 2019, I'd say that's not bad at all. But does that include $1500 lease credit? If it does, now the discount is 5.4%, which is still pretty good IMO for a 2019. You said you have existing MSD's you can move over, do you have all $4900 in existing MSD's or do you need to bring more cash to the table? After all of this, when you get to finance, they will throw stuff at you like the lease return damage waiver ($900'ish) , service packages (vary), wheel and tire protection ($1400'ish), and possibly other stuff. You can negotiate the costs on those with the finance guy. If you had any intention of getting these, those costs are in addition to anything above, so keep that in mind when you are thinking about costs. |
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Eyeseayu15.00 |
08-29-2018, 07:57 AM | #2211 | |
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08-29-2018, 08:23 AM | #2212 | |
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Lease insensitive is $1500 max, some states are $100) for 2019 4 series, but $3000 for 2019. plus the car has not be retired yet. like the 3 series. Dealers are going to do everything they can to push out remaining Fx 3 series and make unit numbers, even on factory orders, before G20's start showing up on lots, None of the masses (non-enthusiast) who by BMW's 3 series are going to want the "old" car when they see the new generation sitting there. Residual's on 3 series are currently 4% more than 4 series as well, which equates to an average of $40/mo less on payment for $60k range MSRP and $70/mo less on 64k range MSRP, so have to factor that in when comparing what people are paying on 3 series leases. |
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08-29-2018, 08:48 AM | #2213 | |
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08-29-2018, 01:16 PM | #2214 |
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Hi guys, extremely new car buyer (leaser i guess) I'm considering going for a 44,341 (dealer discounted from 37,345) 330i. What should I be asking for in the lease. WOuld like to keep my monthly payment in the 300's if possible, one of the reasons I'm going for an F30 in lieu of waiting on a G20.
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08-29-2018, 01:45 PM | #2215 | |
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Tell them you want to know the Money Factor (MF) they are qouting, their dealer/doc fee, estimated tag/title fee they are using, and "any other fees". Easiest thing to do is just ask them to give you the full lease breakdown, plus the MF used to calculate it. Then it can be picked apart and you know what to go back at them with to meet your price target. |
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chickennuggets78.50 |
08-30-2018, 07:19 AM | #2216 | |
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09-01-2018, 01:22 PM | #2217 | ||
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I also traded in my prius for 5,000. So total price came to around 39,000~. My lease is 382 a month 12k/36mo, plus I opted for the service insurance for 50 extra dollars a month. I'm loving this car beyond words. Also feel honored to have one of the last Rossyln cars. |
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09-01-2018, 04:51 PM | #2218 | |
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09-02-2018, 12:00 AM | #2219 |
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Absolutely, I'm beyond happy with the car and the deal, just following up after asking for advice. Would post pics but it's not letting me for some reason.
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09-02-2018, 06:15 AM | #2220 | |
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If I do 47k MSRP discounted to 44k than add 3k lease credit, plus your $5k from Prisu where 2k goes to due at signing and $3k is cap cost reduction then I'm just under $400/mo. So I'm guessing this was closer to your scenario. You could post the #'s off your paperwork if you really want to know what's up, but it doesn't really matter at this point, you signed. Last edited by HDClown; 09-04-2018 at 11:22 AM.. |
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09-07-2018, 10:25 AM | #2221 |
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New member, 1st BMW. Coming from an Audi A7---love this 440i GC. Feel like I did pretty well on the deal.
2019 440i GC $59,965 MSRP Discount off MSRP ------$4,920 Rebates and incentives--$3,250 ($2,000 APR cash from BMW and Costco $1,250) **Dealer wanted to give the $2,000 cash and raise APR from 2.25 to 3.25--Got both the 2.25% and $2000 off $799 Dlr fee---couldn't get them to budge since I was "getting such a great deal" + Tax (6%) and Tag transfer ~$250 $500 coming from BMWCCA OTD. Right around $56,000 |
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09-07-2018, 12:53 PM | #2222 | |
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