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View Full Version : Please check my math prior to negotiation with CA


alex md
10-17-2010, 01:16 PM
I am planning to lease 2011 550 xi with following options/packages
please advice if i am missing something and my numbers make sense
thanks alex
2011 550xi
black sapphire/black dakota leather/antracite wood trim
PP2,/SP/DHP/CWP/DRIVER ASSISTANCE PACKAGE/SPORT AUTO TRANS/SPLIT FOLD DOWN REAR SEAT/SMART PHONE INTEGRATION/SIDE TOP VIEW CAMERA
MSRP 74.100
INVOICE WITH ABOVE LISTED OPTIONS 68.875
CA PROFIT 1000
TOTAL 69.875
LEASE TERM 36Mo/15K
MF-0.00230
RV-55%
PAYMENTS IN NJ 1045.26/ 976.88 TAX 68.33/
FEES 1MONTH, NO SECURITY/I OWN BMW NOW/ BANK FEE DOC FEE
THANKS AGAIN FOR YOUR TIME AND ADVICE:thumbup:

Stanesq
10-17-2010, 03:42 PM
You should put down multiple security deposits and I would estimate your payment will drop by as much as $80 per month

DXK
10-17-2010, 03:47 PM
I don't see the $725 lease aqc. fee?
My guess they won't do a deal with no markup for MF and only $1000 profit on a hot car, but maybe NJ is different, so watch out for hidden fees.

alex md
10-17-2010, 04:54 PM
What should be reasonable profit on 2011 550 xi? or how much did u pay over invoice?

DXK
10-17-2010, 05:22 PM
probably closer to $1500 without marking up money factor or aqc fee. But that's in MA where things are good. I am doing ED so it's easier since it's not caming out of dealer's allocation

newbmwguy30
10-17-2010, 08:10 PM
I can't get your numbers to work - when I try to run them, I get a payment of $1163/mo assuming a 7% tax rate. Seems like the payment is too low for what you described.

I just ordered a similar 2011 550xi with MSRP of $72,825 for invoice + $800 ($68,490) for 36 mos/12k year. My payment is around $1125/mo including 8.875% tax and $725 acquisition fee.

Needsdecaf
10-18-2010, 05:23 AM
I can't get your numbers to work - when I try to run them, I get a payment of $1163/mo assuming a 7% tax rate. Seems like the payment is too low for what you described.

I just ordered a similar 2011 550xi with MSRP of $72,825 for invoice + $800 ($68,490) for 36 mos/12k year. My payment is around $1125/mo including 8.875% tax and $725 acquisition fee.

It's working for me.

alex md
10-18-2010, 06:23 AM
i re-checked myself, comes to 1139 per month /nj tax included/ i made a mistake dividing to 39 instead 36
alex:thumbup:

bfv
10-18-2010, 04:56 PM
Put 7 MSDs and spare a weekend for European delivery. You will save a handsome amount. If you are in a hurry, 7 MSDs is an attractive option. Other than these, run your quotes to dealers in Pennsylvania and they might beat current price. You should be willing to go there & pick it up. V

newbmwguy30
10-19-2010, 08:36 AM
I was told by my dealer that you cannot use MSDs in NY. Anyone else get a different answer?

bfv
10-19-2010, 10:37 AM
The dealer is correct. You CANNOT put MSDs in NY state. However, you can deal with a dealer in the states other than NY and can put MSDs:)

david96na
10-20-2010, 12:19 AM
Is anyone able to get a better money factor than 0.0023?
0.0023*2400= 5.52% APR, which is pretty crappy considering that you can get a new car loan for about 3% these days.

bfv
10-24-2010, 09:38 AM
7 MSDs. Each MSD brings the money factor down by 0.00049, I guess.

sicce
10-24-2010, 03:13 PM
Is anyone able to get a better money factor than 0.0023?
0.0023*2400= 5.52% APR, which is pretty crappy considering that you can get a new car loan for about 3% these days.

Hi,
Yes I bought a 2011 535i yesterday, I got MF=0.0022

Regards
Sicce