First post - Lease Check

Looking forward to at least 3 years of being a member on this board, depending on how you guys rate this deal:

2013 328i Coupe
Premium Package
Premium Sound
Navigation
BMW Apps

36/36,000
46,545 MSRP
No security deposits
1K down

$602/month payment

Hopefully, this is enough info. Thanks for the input.

i dunno if its just me but that sounds way too high for the model and options. I was thinking low 500's

Originally Posted by ChrisRock

Looking forward to at least 3 years of being a member on this board, depending on how you guys rate this deal:

2013 328i Coupe
Premium Package
Premium Sound
Navigation
BMW Apps

36/36,000
46,545 MSRP
No security deposits
1K down

$602/month payment

Hopefully, this is enough info. Thanks for the input.

What is your negotiated purchase price and the MF that the dealer is giving you?

Originally Posted by ChrisRock

Looking forward to at least 3 years of being a member on this board, depending on how you guys rate this deal:

2013 328i Coupe
Premium Package
Premium Sound
Navigation
BMW Apps

36/36,000
46,545 MSRP
No security deposits
1K down

$602/month payment

Hopefully, this is enough info. Thanks for the input.

If you're going to lease, make sure you fully understand how lease payments are determined.
-Did you negotiate on pricing at all? If not, find a dealer who will negotiate based on Invoice price, not msrp.
-Make sure the dealer is giving you residual based on fully opened MSRP, and not negotiated price.
-What's the money factor being offered? Make sure it's the lowest BMW Financial is offering.
-Have you considered doing Multiple Security Deposits? That can reduce your rate by .00049 or almost 1.2%.
-Lastly, I've been advised by all friends in finance that you shouldn't put down a cap cost reduction on a lease.

Hope this helps!

Originally Posted by Brando384

If you're going to lease, make sure you fully understand how lease payments are determined.
-Did you negotiate on pricing at all? If not, find a dealer who will negotiate based on Invoice price, not msrp.
-Make sure the dealer is giving you residual based on fully opened MSRP, and not negotiated price.
-What's the money factor being offered? Make sure it's the lowest BMW Financial is offering.
-Have you considered doing Multiple Security Deposits? That can reduce your rate by .00049 or almost 1.2%.
-Lastly, I've been advised by all friends in finance that you shouldn't put down a cap cost reduction on a lease.

Hope this helps!

Unless $500 cap cost puts your payment below a multiple of 5. So if your payment is coming out to $465, you just need to add $500 to drop your payment to below $450. This will save you $350 on your MSDs (figured as multiples of your payment divisible by 5 - they always round up) and save you $540 in payments.

Not a bad net savings.

I was told I had to put 1K down and that this was the minimum. If this is not true, then I will have to revisit, since I would rather put nothing down.
The rest of the numbers:

43,005 Invoice (per bmwconfig)
43,120 Negotiated sale price
.00165 MF (20 points above ridewithg)
62% residual
6.25% TX sales tax
179 Doc Fee
1125 Fee ("Acquisition + ?? I have sent an email asking what is being charged above the acquisition)

Plugging all these numbers into the numerous calculators, I come up with payments around $580, so either I'm missing something, or I'm just plain getting hosed.

Originally Posted by ChrisRock

I was told I had to put 1K down and that this was the minimum. If this is not true, then I will have to revisit, since I would rather put nothing down.
The rest of the numbers:

43,005 Invoice (per bmwconfig)
43,120 Negotiated sale price
.00165 MF (20 points above ridewithg)
62% residual
6.25% TX sales tax
179 Doc Fee
1125 Fee ("Acquisition + ?? I have sent an email asking what is being charged above the acquisition)

Plugging all these numbers into the numerous calculators, I come up with payments around $580, so either I'm missing something, or I'm just plain getting hosed.

Are you trading in a car that has negative equity?

Originally Posted by jagu

Are you trading in a car that has negative equity?

No. The car trade in would actually reduce the tax basis, which I am not factoring in on the lease calculators.

They are making their 500 Prefinance with an elevated acq fee. Base is 725. So 100 over invoice and 400 over on acquisition fee. Not bad there. Finance guy needs to make some money so they bumped ur money factor up 2 points. Not really gonna hurt ur bottom line but you can always go back and ask for a 1 point bump instead if u have stellar credit. All in all they are definitely not hosing you. You may not have the best deal ever wrangled on a 328 but at the same time you are getting a good deal and they are still making a couple bucks that will ensure loyalty on both ends going forward.

That said I do think they are doing something funky with the payment because it should not be that high unless you are in a state that requires full sales tax on vehicle up front.

Originally Posted by MonkeyCMonkeyDo

That said I do think they are doing something funky with the payment because it should not be that high unless you are in a state that requires full sales tax on vehicle up front.

Sales tax is required up front in Texas, but the payment is still off by about $20-$40 per lease calculators.

Originally Posted by brkf

Unless $500 cap cost puts your payment below a multiple of 5. So if your payment is coming out to $465, you just need to add $500 to drop your payment to below $450. This will save you $350 on your MSDs (figured as multiples of your payment divisible by 5 - they always round up) and save you $540 in payments.

Not a bad net savings.

Maybe I'm missing something, but isn't your "net savings" actually just $40, not $540, since you pay those extra $500 as cap cost? And yes, MSD deposits are lower by $350, but you're getting them back anyway, so it shouldn't matter.

Originally Posted by MonkeyCMonkeyDo

they are still making a couple bucks that will ensure loyalty on both ends going forward.

Maybe it's just me, but the whole idea that there is some kind of 'loyalty' between dealership sales staff and buyers seems misguided. Indeed, I read story after story of people that bought many cars from one dealer only to discover they have been getting hosed- in a variety of ways....

I'd sooner say "Let them make a few bucks- it isnt material, and the hassle of finding the absoltue 'best' deal will cost you time and energy." But dont think you are buying loyalty.

IMO

A

Originally Posted by ard

Maybe it's just me, but the whole idea that there is some kind of 'loyalty' between dealership sales staff and buyers seems misguided. Indeed, I read story after story of people that bought many cars from one dealer only to discover they have been getting hosed- in a variety of ways....

I'd sooner say "Let them make a few bucks- it isnt material, and the hassle of finding the absoltue 'best' deal will cost you time and energy." But dont think you are buying loyalty.

IMO

A

Depends on the dealership and depends on the CA. Everything is relative and yes, screw the majority of dealerships because they sure as hell are going to try to do the same to you, but the right salesman knows that if he treats you right you will be back to him every 3 years for the rest of your life. And because of that you will know you are not getting hosed. Ask anybody who has worked with Adrian in Atlanta or Jon in Santa Barbara. And I am sure there are others.

Acq fee can only be raised to $925..... They can not get a acq fee above that funded..... The sales price is good basically $120 over invoice...