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F10 / F11 (2011 - Current)
The new chapter in the highly successful story of the BMW 5 Series Sedan (F10) and wagon (F11)

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  #1  
Old 09-17-2010, 05:03 PM
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gregb10 gregb10 is offline
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BMW 535I lease deal,,, is it fair?

I am offered the following deal. This is my 3rd lease from the same dealer. I think I am being taken advantage of.

Full offer is as follows:

36 month, 10k miles a year,,,

supposed to be $680.00 over invoice
Money factor .00023
.62 residual

MSRP $67,175.00
Purchase Price $63,776.88
Disposition Fee $350.00
Acquisition Fee $105.00
Up front Taxes $2,722.17
Cap Cost reduction $2,000.00


Lease Payment 797.00

I have a lease spreadsheet and cant get it to match this number. Im doing something wrong.

Am I getting screwed here?
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  #2  
Old 09-17-2010, 05:24 PM
Emilner Emilner is offline
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It works by my calculation. I am assuming you are paying all fees, taxes and cap cost (obviously) upfront.

Residual is $41,648.50

Residual + purchase price - cap cost X MF
$41,648.50 + $63,776.88 - 2000 X .0023 = $237.88

Sales price - residual - cap cost / 36= monthly depreciation
$63,776.88 - 41648.50 - 2000 / 36 = 559.12

$559.12 + 237.88 = $797.00

T.O.P. should be $5974.17 plus any other fees you did not mention. (no bank fee?)



On the deal itself, it sounds like they gave you the car for invoice + $680, but they charged you MSRP on the options plus possibly maco/ training. I can't verify this since you did not list what options you have, but check Edmunds to verify the invoice....
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2015 S550 Anthracite blue, Silk, loaded and doin just fine...
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  #3  
Old 09-17-2010, 05:32 PM
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gregb10 gregb10 is offline
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Mein Auto: F10 535ix/E60 2008 535 XI
Quote:
Originally Posted by Emilner View Post
It works by my calculation. I am assuming you are paying all fees, taxes and cap cost (obviously) upfront.

Residual is $41,648.50

Residual + purchase price - cap cost X MF
$41,648.50 + $63,776.88 - 2000 X .0023 = $237.88

Sales price - residual - cap cost / 36= monthly depreciation
$63,776.88 - 41648.50 - 2000 / 36 = 559.12

$559.12 + 237.88 = $797.00

T.O.P. should be $5974.17 plus any other fees you did not mention. (no bank fee?)



On the deal itself, it sounds like they gave you the car for invoice + $680, but they charged you MSRP on the options plus possibly maco/ training. I can't verify this since you did not list what options you have, but check Edmunds to verify the invoice....
Thanks for your response

Do you know what the maco/training fee is for the Long Island area?

I made one msitake,, its 725 aquisition not 105
105 is insurance and title fee

Packages are as follows

Premium 1
Premium 2
Sports
Dynamic Handling
Paddle Shfiter Transmission
Cold Weather
Conveninece Package
Heads Up
Front and Side view camers
Smart phone integration.

Last edited by gregb10; 09-17-2010 at 05:34 PM.
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  #4  
Old 09-17-2010, 05:38 PM
Emilner Emilner is offline
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Mein Auto: 2013 SL63
MACO is $400 and training is $200. I just ordered my car and got invoice (on car + options) + $500 + M + T. Where did you go, Rallye?
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2015 S550 Anthracite blue, Silk, loaded and doin just fine...
2013 SL63 AMG black....
2012 750IL x drive, imperial blue/oyster, a finely loaded beater car...
2014 GL350 loaded for the wifey...
2012 650 Cabriolet M sport (gone)
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  #5  
Old 09-17-2010, 05:43 PM
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quackbury quackbury is offline
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Location: Not In Kansas Any More
 
Join Date: Dec 2005
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Mein Auto: 535i M Sport; 328i Wagon
I posted a response on the other thread you started.

BTW making the same post in multiple threads is considered SPAM and a violation of the Fest terms of service.

the bottom line is you are getting a fair deal. Relax and enjoy the ride!
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Prior BMW's
2011 535ix MSport
2011 X5 35D
2008 ///M3 Vert
2008 X5 3.0
2007 X5 3.0
2006 X5 3.0
2006 550iA SP
2003 540iA M-Technic
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  #6  
Old 09-17-2010, 05:45 PM
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gregb10 gregb10 is offline
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Mein Auto: F10 535ix/E60 2008 535 XI
yes
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