New to leasing? Tips and Facts here

santa clara county is 9.25% though now

European Delivery and Leasing
It is critical the the residual value be based upon US MSRP. Some dealers will write the lease with the residual value based upon Euro Delivery MSRP instead US MSRP. On a 5er the difference is an extra $2,000 profit for the dealership.

Originally Posted by SteveinBelAir

A couple of things.
Several states that include Illinois, Virginia, Maryland and Texas (please chime in if there are more) require you to pay tax on the negotiated price of the car. Yes, that's right, just as if you are buying it outright. In these states, you either pay it all up front or build it into the lease. On a 24 month lease, this will kill your payment

Note also that if you decide to buy the car at the end of the lease, YOU WILL PAY TAX AGAIN!
.

So now the Maryland tax rate is 6%, still pay the tax on the full negotiated price
BUT starting I believe last year, no longer have to pay tax if you do a lease buyout

Having to still pay tax on the full price is a bummer

Hi ,

Can someone post that spreadsheet for lease calculations where you can add all options, MSD, etc...?
It was here before but can not find it anymore. It was great way of calculating payments with quick adjustments.
Thanks.

Originally Posted by es

Hi ,

Can someone post that spreadsheet for lease calculations where you can add all options, MSD, etc...?
It was here before but can not find it anymore. It was great way of calculating payments with quick adjustments.
Thanks.

Bump. Does anyone have that spreadsheet they can post?

.

Hey everyone,

I'm getting close to finishing my lease deal and have a few questions. I've reached agreements on the selling price, money factor, acquisition fee, trade in price, and doc fees. I've gotten all the true numbers for tax, title, and registration from my state's 2010 Tax Manual so they can't try to pad extra money there.

1. What tricks to make profit come after all of these are negotiated?
2. Is gap insurance included from BMWFS on the lease documentation, and if so, is this yet another place where the dealer will try to boost profit? If so, I'll get gap insurance from my own insurance company and have that number before going in.
3. Where/When is this MACO fee gonna be brought up? Is that a little bomb the finance person drops when you are signing lease papers?
4. I'm using BMWFS for the first time, so it's my understanding that I WILL have to pay the security deposit. Can all of the fees, tax, title, registration, license, etc. be lumped into my Net Capitalized Cost, so my drive away cost is my first months payment + security deposit?

Thanks!

As you have agreed upon all of the costs, put everything into a lease calculator and make sure your payments are that number when you're signing your deal. If they add extra fees, tell them you did not agree on the fees - you should be at a point where your sale figures are finalized. Our CA brought up the MACO fees when we were doing the original negotiation.

1. When you're working with the finance person, they will try to sell you extras (i.e. clear bra, tire insurance, leather protector, etc). If you search here, you will find threads on all these with great input.
2. Gap insurance is included in the lease payment
3. See first paragraph
4. We did not have to put a security deposit down (or down payment) with our first BMW lease. We do have great credit and a car buying history, but if they tell you that you HAVE to, you should be able to negotiate that as well. You should be able to lump that all in your cap cost, but probably don't want to because you end up paying interest on it. See if they can waive the deposit and use that to pay your fees.

Hope that helps

Originally Posted by Michael Schott

Bump. Does anyone have that spreadsheet they can post?

Ditto. There are good ones, and then there were some GREAT ones, but the only ones I can find have been locked and you can't input your own data in the macros.

Anyone?

Here's the one I use - was tweaked from one I found on here a long time ago. I have it setup where 36 and 24 month are side by side, and the MSD drop is also listed.

For some reason it won't let me upload an XLS - so rename from PDF to XLS.

That one works great, at least the first time I tried it. I can't, on quick glance, see where the sales tax is figured in

I take that back....sumpins not quite right

New here, but just about ready to pull the trigger on a 2011 335i m sport... Anyone find that xls spreadsheet to do the numbers?

Anybody have the spreadsheet?

Originally Posted by SLORIDE

Anybody have the spreadsheet?

Check out post #85.

Originally Posted by Newmanium

Here's the one I use - was tweaked from one I found on here a long time ago. I have it setup where 36 and 24 month are side by side, and the MSD drop is also listed.

For some reason it won't let me upload an XLS - so rename from PDF to XLS.

Could you help me calculate the tax paying up front roll it into loan?
Thanks.

be careful of lessor using 39 month instead of 36 month lease. There is not too much you can do about it. Never heard if anyone had negotiated it into a 36 month lease. In 39 month lease, you pay for the 4th year's registration. It may be advantage to the lessor in some states.

And, in TX, as in some other states, you pay the sales tax of the leased price of the car up front.

I am looking to order 2013 328i what is the best I shall expect. I am previous owner