well just for your information, I popped the payment up about a month ago and in comparison to now..its about 200 more..just seems a little high.. guess its just me thenjdlsc said:I'm not saying BMWUSA is correct, but wouldn't you think the M3 has a great residual value, therefore allowing a more competitive payment? :dunno:
WOW :yikes: good thing you locked in before!! I know you're smiling :thumb:thaydith said:I locked into lease rate 3 weeks ago (on a 330i), since then my Sales Rep. told me that the lease rates went up by $130 per month.
hahaah, very good calculations there :thumb: , I already have my car..I just every once in a while get curious and go to bmwusa and build a car, thats how I seen the BIGGGGGGG changewebguy330i said:Lease rates are so ridiculous; do you know how they calculate them? They take the residual value of the car (let's say it's a $40k 330i and the res. is 60%) and add it to the cap cost of the car ($40k). Then they multiply the lease rate (let's say 0.0025 x 24) by the sum of the residual and cap cost, then divide by the lease term to get the "interest" they're gonna charge you.
(($40,000 + (0.6 * $40,000)) * (0.0025 * 24)) / 36 months = your monthly lease surcharge... = $106/month
...on top of your lease payment...
($40,000 * 0.4) / 36 months = $444
... so ...
$444 + $106 = $550
And that's if you pay the tax up-front (which you'd be wise to do as you don't wanna pay interest on tax!).
So you really end up paying an extra $3800 for the 3 years, and that's lost money so if you finance the baloon cost at the end, well, you're screwin yerself once more especially if the residual was very optimistic (unless you negotiate the lease-end buyout cost well).
Of course I say this with my foot in my mouth, as I am currently a lessee. =)
0.0025 (an example figure) is the lease rate, but you multiply it by 24 to get the actual percentage (give it a try and you should get 6%).thaydith said:Thanks for the info., but how is this a lease rate? 0.0025 * 24
Also the residual on a 330i is 59%
You know I often ask myself that question ... and I always tell myself "no" simply because the monthly payment is about what, $300 less if I was to finance for 4 years. I'd rather have that cash freed up or tucked away in some sort of savings instead of "tucking" it into partial equity in my car.thaydith said:Ahhh I see on the .0025 * 24 - Thanks
Would you purchase if you could do it all over?
:thumb: :thumb: :thumb: :thumb: :thumb:webguy330i said:
You know I often ask myself that question ... and I always tell myself "no" simply because the monthly payment is about what, $300 less if I was to finance for 4 years. I'd rather have that cash freed up or tucked away in some sort of savings instead of "tucking" it into partial equity in my car.
At least with the lease I can always sell or swap, no problems. Plus I got away with basically nothing down, so it was even easier. I don't think I'd buy a $40k car to begin with, simply because of the financial burden it could become.
On the other hand, I hate mileage constraints.