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Old 10-08-2012, 11:27 AM
Orient330iNYC's Avatar
Orient330iNYC Orient330iNYC is offline
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Join Date: Jul 2002
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Quote:
Originally Posted by jblackburn View Post
Hello,

I went to my local Bay Area dealership to take a look at X3's and X1's. I have a vehicle coming off lease in the next 2 months so I need to start looking at a replacement. I wasn't planning on buying anything today, so I didn't come very prepared. I didn't have invoice pricing and didn't look at their in-stock cars prior to my visit. The sales person seemed somewhat interested in getting me out of my current lease now so he put together some numbers for me. They were "willing" to take my current car, but there wasn't any benefit in it for me. There is some weirdness that I haven't seen on a lease calc before, so I thought I would show it here. I'm going to put everything that isn't directly identifiable here.

1. Contract Date:10/07/12
2. Stock number: ******
3. Lease Institution: BMW
4. Buyer Residence Info: ****
5. MSRP: $55845.00
6. Add to MSRP W/Markup:
7. Annual Mileage: 12000
8. Mileage Penalty:
9. Residual %: 58.0%
10. Lease-end Value: $32390
11 Rebate:
12. Initial Cap Cost $53611
13. Customer Cash Down:
14. Cash Cap Reduction:
15. Total Trade:
16. Total Sales Tax: $2320.06
17. Aftermkt/Due Bill
18. Total Adds to Cap: $925
19. Service Contract:
20. Driver Care:
21. BMW Maint:
Adjusted Cap Cost: $54536
22. Money Factor: .00175
23. Term: 36
24. Mo Use Tax: 8.3750% 64.26
25. Total Monthly Payment $831.54
26. Security Deposit
27. Total Initial Fees: $95.50
28. Total Annual Fees: $466
29. Driveoff: $1399.74


This was a pretty loaded X3 xdrive35i - M sport, Premium, Cold Weather, Tech Package, Park Distance control, Carbon Black.

bmwconfig.com is showing the MSRP with those options to be $55545, so I'm guess there is a $300 charge added for MACO already.

I didn't notice the $446 "annual fee" until I got home, and I've never seen something like that before. Any ideas on what that really is besides "profit"?

Obviously the acquisition fee is marked up $200, and I haven't check to see how much the money factor is marked up, but I haven't figured out how they even got that lease payment based on the info they gave me. I would think the Security Deposit would normally be $850.

I have a few weeks to continue my search and will probably hit up a board sponsor. I was really impressed with the Carbon Black and Mojave leather. It was amazingly beautiful.
i dont understand how they are charging you sales tax twice,
24. Mo Use Tax: 8.3750% 64.26
and
16. Total Sales Tax: $2320.06

without the mf bump ( they are marking it up to the max), monthly should be 765 inc tax. the acq fee is also marked up to the max
even with the bump it should be 801. not sure how they are coming up with those numbers, but it seems like a rip off "deal"
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Last edited by Orient330iNYC; 10-08-2012 at 11:29 AM.
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