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  #76  
Old 08-24-2007, 08:19 PM
pharding pharding is offline
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What about the Acquision Fee, $625 as of Aug 24, 2007 for BMW FS?
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04 Successfully lobbied BMW NA and BMW FS to prohibit dealers from using residual values based upon Euro Delivery MSRP and to use US MSRP saving BMW Enthusiasts several thousand dollars on each lease

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  #77  
Old 08-24-2007, 08:25 PM
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iversonm iversonm is offline
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It's in the spreadsheet under Inception Fee/Acquisition fee, if I correctly interpreted your question.
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  #78  
Old 09-02-2007, 08:15 AM
TooManyIDs TooManyIDs is offline
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Originally Posted by webguy330i View Post
Thanks
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  #79  
Old 09-03-2007, 01:43 PM
Brighty Brighty is offline
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where is the link to v 1.04? I see it described, but no link. thanks.
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  #80  
Old 10-07-2007, 02:22 PM
ExSFer ExSFer is offline
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Great job on lease calculator

Awesome job on the lease spreadsheet. Used it during lease negotiation over weekend. I actually had the spreadsheet open on my laptop on the CAs desk during the negotiation and was able to use it to reach fair agreement with dealer tweaking the deal parameters while ensuring there was fair profit in it for dealer and good value in deal for myself.

First time I left a car negotiation without feeling I'd been raped.

Nice job!
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  #81  
Old 10-12-2007, 07:42 AM
Havelcek Havelcek is offline
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When you calculate a lease, do you always use full MSRP for the residual calculation regardless of what you actually pay for the car?
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  #82  
Old 10-12-2007, 07:56 AM
joelk01 joelk01 is offline
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yes including delivery
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  #83  
Old 10-12-2007, 08:43 AM
Havelcek Havelcek is offline
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Originally Posted by joelk01 View Post
yes including delivery
Thank you
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  #84  
Old 10-27-2007, 03:18 PM
5er 5er is offline
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We're going to sign our lease in the next week or two and so I am filling up my lease spreadsheet so I can compare numbers with my CA.

Had a couple of questions I need some help on:

1. How is the Security Deposit amount calculated? ...is it just the monthly payment rounded up to the nearest 50?

2. Is the "LRFS Assignment Fee" the same as the "acquisition fee"? If so, it looks like it is part of the LRFS is part of the Cap Cost in the BMWFS worksheet but doesn't seem to be accounted for in the excel spreadsheet that some have posted.

Appreciate the help.
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  #85  
Old 10-30-2007, 12:57 PM
sn123 sn123 is offline
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wow this is the best tool ever. I am so prepared when I'm going in to pick up my car and do all the paper work today. TY so much bimmerfest.
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  #86  
Old 11-05-2007, 10:39 PM
iSpY iSpY is offline
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Tax-up-front Saving? Please help!

Could someone spot a light for me please? In the lease calculation spreadsheet, there is an option to either roll the sales tax to the monthly payment or pay it upfront with some saving.

Are we really allow to do so? I am trying to nail the lease here in California and the dealer here told me it is not doable.

Any thoughts?

Really apprieciate for any inputs!

Thanks a lot!

i-SpY
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  #87  
Old 11-06-2007, 03:27 AM
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Quote:
Originally Posted by iSpY View Post
Could someone spot a light for me please? In the lease calculation spreadsheet, there is an option to either roll the sales tax to the monthly payment or pay it upfront with some saving.

Are we really allow to do so? I am trying to nail the lease here in California and the dealer here told me it is not doable.
i-SpY
In CA the tax is based on the monthly payment, paid monthly. No other option.
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  #88  
Old 11-06-2007, 12:26 PM
Bitz Bitz is offline
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The first sheet does not update when I configure the car on page 2. I have it saved as an Excel spreadsheet, any suggestions?
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  #89  
Old 12-03-2007, 06:52 PM
m3cube m3cube is offline
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Excel spreadhseet for lease payment calculation

can someone post the spreadsheet again please? I cant seem to find it in this thread.
THANKS
- M
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  #90  
Old 12-03-2007, 06:56 PM
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mrvuml mrvuml is offline
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Try this: http://www.leaseguide.com/calc.htm
It also explains a lot about leasing.
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  #91  
Old 12-03-2007, 10:14 PM
thegreatdelcamo thegreatdelcamo is offline
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Here it is:

Example Calculation Using the Leasing Formula
So now that we've looked at the formula, let's see how it actually works.

Let's assume you've decided on 3-year (36 month term) lease of a Toyota Camry XLE that has a sticker price of $24,600 (MSRP).

You've managed to negotiate the price down to $23,000 (Cap Cost). You decide not to make a down payment, but you have a trade-in worth $5000. Your Net Cap Cost is therefore $23,000 - $5000 = $18,000.

Now, the dealer tells you (because you asked) that the Money Factor is .00375 (.00375 x 2400 = 9.0%) and the Residual Percentage is 60% of MSRP. So your Residual amount, in dollars, is .60 x $24,600 = $14,760.

Now let's do the math:
Depreciation Fee = ( $18,000 – $14,760 ) ÷ 36 = $90.00
Finance Fee = ( $18,000 + $14,760 ) × .00375 = $122.85
-
Monthly Lease Payment = $90.00 + $122.85 = $212.85 (sales tax not included)
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  #92  
Old 12-07-2007, 12:02 PM
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Lease calculator is fantastic :-) Thank you!
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  #93  
Old 12-16-2007, 07:30 AM
jtf5128 jtf5128 is offline
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just wanted to check - for a 328i, $1000 over invoice, 74% residual, 167 money factor - i calculate something like 442/month no money down or MSD before taxes, but they are quoting me 483/month including taxes - if what i read here is correct - is use tax on cap cost + residual? i.e. 5% * ($35000ish plus $27000ish)? wow....

still, i can't seem to figure out the difference of $40/month given the same numbers....is tax really $40/month for $442/month payment?

PS this is the state of Massachusetts...

Last edited by jtf5128; 12-16-2007 at 07:32 AM.
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  #94  
Old 12-27-2007, 07:34 PM
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jw jw is offline
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Just a comment on how sales tax is applied up front rather than as monthly/use tax in VA and MD (not DC). After struggling with numerous calculators found online, including the earlier one in this thread, I found they do not properly calculate taxes, even if you select NY. When using the sheet that Jon posted and punching into my own very simple calculator it came out almost exactly as the dealer has been quoting me.

When rolling in tax in this state it gets added to the selling price to make up the gross cap cost.
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  #95  
Old 01-06-2008, 03:32 PM
monarch947 monarch947 is offline
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Leasing a 335i

Hi,

I went to a dealer and asked to lease a 335i with European delivery. These are the options.

Premium package
Ipod and usb
sport package
cold weather
paddle shifters
navigation
comfort access
auto transmission

No money down 36month/36000 miles. 71/2% tax rate rolled in. He quoted me a a price of $798 a month. I thought this was high. What do you think?
MSRP was $50,350

Thanks,

Jack
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  #96  
Old 01-11-2008, 01:02 AM
stormace stormace is offline
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yeah that is high, find another dealer.
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  #97  
Old 01-15-2008, 03:55 PM
bears2424 bears2424 is offline
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Residualizable Options

Hi all, can someone tell me what "Residualizable Options" are? I have been struggling with this in trying to calculate my lease payment. In calculating MSRP, do you include options?
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  #98  
Old 01-15-2008, 09:30 PM
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Quote:
Originally Posted by bears2424 View Post
Hi all, can someone tell me what "Residualizable Options" are? I have been struggling with this in trying to calculate my lease payment. In calculating MSRP, do you include options?
It depends on whether you are looking at BMWFS or a bank lease. Most residuals are based on the MSRP that is on the Window Sticker from the manufacturer.
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  #99  
Old 01-24-2008, 01:58 PM
jayzee9 jayzee9 is offline
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Transferring a lease in TX

I know that the sales tax is charged up front to the lessor in texas on the entire amount of the lease. In the case of a transfer of lease during the tem of the lease, assuming the transferee is a resident of Texas, is there another tax charge at that point? What other fees would there be other than the $450 BMWFS or whatever the bank charges?

Thanks!
Jayzee9
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  #100  
Old 01-28-2008, 02:11 PM
E-Male E-Male is offline
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I'm coming up with a higher monthly payment (using this xls sheet) than what the dealer quoted. Any thoughts?
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