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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 12-27-2013, 07:10 PM
elchevere elchevere is offline
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Location: San Diego
 
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Mein Auto: 2008 535i
My Revised December Lease -- Good Deal??

Greetings:

Received revised figures for my new 2014 535 based on the great year-end deals available. Would any of you mind telling me if this is a good deal. I do not not necessarily need the lowest/best lease out there but would like to know this is a competitive deal based on the information below. Lease is for 36 months/10K miles year. Appreciate your input:

Total as Equipped (MSRP?) = $ 65,800.00
Selling Price = 59,575.00
Money Factor = 0.76
Residual = 63%

With 7 MSD's:
Driveoff (inc. 1st month) = $ 5,873.00
Monthly Payment w/Tax = 623.80

Without MSD's:
Driveoff (inc. 1st month) = $ 1,377.00
Monthly Payment w/Tax = 677.80

Competitive deal?....thanks again
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  #2  
Old 12-27-2013, 07:38 PM
jjsC6 jjsC6 is offline
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Life would be easier if people would post lease payments with no down payment (other than the MSD's and first months payment), but we can look at the factors that make up the payment. In your case, the money factor of .76 is not an accurate factor. It is more likely to be something like .00076 for instance. The residual looks good. You should also know what invoice is on the car and what incentives there are on the car. I would shoot for invoice less any incentives, plus about $500. You should also have a $725 "acquisition fee" that is paid to BMW financial services. The dealer is allowed to mark that up to $925.
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  #3  
Old 12-27-2013, 07:59 PM
NY X5 NY X5 is offline
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Location: New York
 
Join Date: Jun 2009
Posts: 30
Mein Auto: 2014 535i xDrive MSport
My Revised December Lease -- Good Deal??

I picked mine up this month as well and although I'm not familiar with the money factor in my deal, this is what I got:
MSRP $67,750
$1,800 out of pocket (1st month, dmv, bank fee, etc.)
$640mo.
10k/36mo.
No MSD.


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  #4  
Old 12-27-2013, 08:29 PM
Robert A Robert A is offline
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Location: Los Angeles
 
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Posts: 3,225
Mein Auto: BMW 535d
Selling price looks a little higher than it might be. Shoot for $58.2k, or around $1.5 back of invoice less the holiday credit. MF looks good, though.

Assuming a MF of .00076, that you don't qualify for Loyalty and the $795 bank fee is rolled into the lease, the payment should be 612.14 including 9% tax or 561.59 before tax. If Loyalty applies and they're treating it as a cap reduction, the payment goes down further.

You're close, but I think you're leaving some money on the table in the form of the selling price.

Quote:
Originally Posted by elchevere View Post
Greetings:

Received revised figures for my new 2014 535 based on the great year-end deals available. Would any of you mind telling me if this is a good deal. I do not not necessarily need the lowest/best lease out there but would like to know this is a competitive deal based on the information below. Lease is for 36 months/10K miles year. Appreciate your input:

Total as Equipped (MSRP?) = $ 65,800.00
Selling Price = 59,575.00
Money Factor = 0.76
Residual = 63%

With 7 MSD's:
Driveoff (inc. 1st month) = $ 5,873.00
Monthly Payment w/Tax = 623.80

Without MSD's:
Driveoff (inc. 1st month) = $ 1,377.00
Monthly Payment w/Tax = 677.80

Competitive deal?....thanks again
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BMWCCA Member



Current
2014 535d, M Sport, Space Gray/Mocha Nappa
Prior
2007 530i, White/Black, 6MT
2001 530i, Orient Blue/Beige, 5MT
1994 325is, White/Black 5MT
1984 325e, White/Black 5MT
1983 318i, Delphin/Beige 4MT

Last edited by Robert A; 12-27-2013 at 08:33 PM.
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  #5  
Old 12-28-2013, 06:46 AM
lindros2 lindros2 is offline
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Mein Auto: BMW
FYI for people in Georgia - now that the rules changed (again), leases will be higher here than other places (as much as $100/mo).

Why?

The "TAVT" (Title Ad Valorem Tax) rolls in the ENTIRE amount (6.25% of whatever) instead of monthly tax on the lease payment.

This sucks, and meant that going from 2013 > 2014 would make zero fiscal sense.

Yet another way the State of Georgia taxes the rich and gives money to the scumbag poor.
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  #6  
Old 12-28-2013, 06:54 AM
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ScottF10 ScottF10 is offline
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Location: NJ
 
Join Date: Feb 2013
Posts: 241
Mein Auto: F10
I think you can do much better. I attached a lease special that my dealer has. While the msrp is approx $4K less, this seems much better. The terms are 10K miles/36 months and $0 down, 7 security deposits, and state tax due upfront.
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  #7  
Old 12-28-2013, 02:44 PM
jjsC6 jjsC6 is offline
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Location: Houston, TX
 
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Quote:
Originally Posted by lindros2 View Post
FYI for people in Georgia - now that the rules changed (again), leases will be higher here than other places (as much as $100/mo).

Why?

The "TAVT" (Title Ad Valorem Tax) rolls in the ENTIRE amount (6.25% of whatever) instead of monthly tax on the lease payment.

This sucks, and meant that going from 2013 > 2014 would make zero fiscal sense.

Yet another way the State of Georgia taxes the rich and gives money to the scumbag poor.
Welcome to Texas. We have always been taxed on the full "Purchase price" of a lease (not the payment). Fortunately, there are ways around it in Texas in many leases (tax credits). In your case, what if there is a trade?
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  #8  
Old 12-28-2013, 04:48 PM
Motorboat411 Motorboat411 is online now
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Location: California
 
Join Date: Jul 2012
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Mein Auto: BART
Quote:
Originally Posted by NY X5 View Post
I picked mine up this month as well and although I'm not familiar with the money factor in my deal, this is what I got:
MSRP $67,750
$1,800 out of pocket (1st month, dmv, bank fee, etc.)
$640mo.
10k/36mo.
No MSD.
WOW...That's a really good deal. What's the selling price on the contract?
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