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(1) Multiply the MSRP by .92 to get the approximate dealer cost.

(2) Add $1500 to the answer in (1).

(3) Get the money factor and residual from this forum under August Lease Rates or whatever the current month is.

(4) Use the money factor plus .0002 .

(5) Use $625 for the lease aquisition fee.

Calculate the lease payment as follows :

Example numbers ... MSRP $50,000, residual .6, money factor .00225 .

(1) $50,000 X .92 = $46,000 . < -- Approximate dealer cost.

(2) $46,000 + $1,500 = $47,500 < -- The cost of the car.

(3) Money factor .00225 < -- Money buy rate.

(4) .00225 + .0002 = .00245 <-- Your money factor

Cap cost $47,500 + $625 = $48,125 ( adding the lease aquisition fee )

Residual .6 for 15k mile 3 year lease. NOTE : if you lease for less miles you adjust the residual as explained in the lease rate thread. So the residual is $50,000 X .6 = $30,000

Monthly depreciation $48,125 - $30,000 divided by 36 = $503.47

Monthly interest $48,125 + $30,000 times MF of .00245 = $191.41

Monthly lease payment $503.47 + $191.41 = $694.88 PLUS TAX.

If sales tax is 7% total payment is $743.52

Drive off : 1st month plus $100 for registration or whatever equals $843.52.

I think ? most dealers would do this. On some cars they wouldn't, on entry level cars $1500 may be high. But at least it is fairly simple and I wouldn't be embarrassed with this deal on any BMW. :thumbup: