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      03-01-2014, 05:39 PM   #67
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Quote:
Originally Posted by dmk08 View Post
I have been thinking of cutting my car down too. Dropping dct, lighting, and adaptive suspension. Cuts my msrp down $6900 which i can use on coilovers. Im 90% sure im dropping dct no matter what.

Final build would be...

M4
Exec pack
19s
Hk audio

Lease in this config for 2 years then get an LCI on a good deal.

Yeap! I like ur build think I'm gonna drop Lighting Pck and go:
M4
EXEC
Adaptive suspension
Enhanced USB and bluetooth OR HK

Brings me down to $65,680

I would do 2 year lease but I think 3 years from now will give enough time for LCI M4s to be purchased at invoice
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      03-01-2014, 05:42 PM   #68
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Quote:
Originally Posted by dmk08 View Post
So on $76905 total price (figuring 1k for loyalty) my payments on 12/36 look like $1116.31 with no MSD and $1038.31 with full MSD. Tax up front on both.

I would love to drop 5k down and get my payments down to around $900. But apparently that's like the biggest lease sin ever lol.
NEVER put money down on a lease. Too dangerous imo
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      03-01-2014, 05:51 PM   #69
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I'm getting $1038/month for $65,680 36months/10k miles, 9% Tax no MSDs from my excel spread sheet.. what am I doing wrong?
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      03-01-2014, 05:53 PM   #70
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Originally Posted by ///Mangler View Post
Oh my. You guys are arguing over 1-200/mo. Just wait 2 years and save 40%? Seems like it's not the money it's the status that matters to you.

T
Wish I could wait I need a car NOW my E39 is falling apart I just found out I have to get new crankshaft and I already had to fix vapor barrier 2 weeks ago
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      03-01-2014, 05:53 PM   #71
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Quote:
Originally Posted by Powaup View Post
I'm getting $1038/month for $65,680 36months/10k miles, 9% Tax no MSDs from my excel spread sheet.. what am I doing wrong?
In my calculations i paid the tax up front. Im using the sheet someone posted the other day.
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      03-01-2014, 06:39 PM   #72
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Can you trade in a car you own and switch to a $0 down lease? In other words, would the dealer actually pay you a large sum of cash for your old car to walk out with a lease on a new car?
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      03-01-2014, 06:41 PM   #73
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Quote:
Originally Posted by Kief View Post
$66000 x.57=$37620 (residual)
$66000-$37620=$28380/36=$788.33 (base)
$66000+$37620=103620 x .00081 (.00130-.00049=.00081 MF)
$788.33 + $83.93= $872.26

Don't hold me to this b/c I'm not familiar with those states which make you pay full tax
what is the 0.00049 factor?
isn't the rent fee : (Sales price + residual ) * MF which is
(66000+37620)*0.00130 = $134?
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      03-01-2014, 06:49 PM   #74
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Quote:
Originally Posted by Rupes
Can you trade in a car you own and switch to a $0 down lease? In other words, would the dealer actually pay you a large sum of cash for your old car to walk out with a lease on a new car?
Yes. I traded in my old 330CI for a 0 down lease on my current M3. After tax, title, registration and first months payment, they wrote me a check for $5,000. Not sure what they would do if the car was worth $30K, but it definitely worked for a car that was worth much less.
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      03-01-2014, 07:48 PM   #75
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Here is mine:

M3 Sedan
I'll have a set of KW-V3s, Klassen M52R w/ Yokohama AD08R, and some form of exhaust waiting for it, so I'm trying not to waste money like I did last time with the Competition Package. My plan is to buy one and bolt the parts on the new car when the lease is up. I just don't want to buy a first model year car.

Alpine White
Extended Marino Leather Sakhir Orange
Harmon Kardon

MSRP: $64,750
Residual Percentage at 12,000 Miles: 57%
Residual Value: $36,907.50
Percent off MSRP: 0.00%
Negotiated Price: $64,750
Down Payment: $0
Net Cap Cost (Neg. Price – Down Payment): $64,750
Depreciation: $27,842.50
Lease Term: 36 Months
Monthly Depreciation Payment: $773.40

Finance Cost = Net Cap Cost + Residual:
Interest Rate (APR): .0013 X 2400 = 3.12%
Money Factor: 0.0013
Monthly Finance Fee: $132.16

Monthly Payment: $773.40 + $132.16 = $905.56
Sales Tax: 6%: $54.34
Total Monthly Payment: $959.90

Title, Registration, and Other Fees: ~$1,000
Incentives/Rebates: $0 (Assuming there are none.)

Drive-off (1st month’s payment + Fees): $1,959.90
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      03-01-2014, 07:50 PM   #76
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Quote:
Originally Posted by spuntyb
Quote:
Originally Posted by WJGreer
Quote:
Originally Posted by barcius13 View Post
Almost always better to buy than lease a car.
Horsefeathers. The issue with leasing is that since so many variables go into the calculation, most buyers can't negotiate from an informed position, get taken somewhere, and end up paying more than they should on a lease.

BMW is actively using its lease program to capture market share, mainly by manipulating MSRP and residual to make lease payments lower than maybe they should be. On the one hand, I say that leasing and financing are two different financial tools, one not being any better or worse than the other, all depending on the individual deal. On the other hand, I'd say that at the moment BMW is doing things that usually make it advantageous to lease. Mercedes also.

In any comparative analysis, you have to assume that you keep the car equivalent lengths of time whether you buy or lease. Buying a CPO car and holding it for 8-10 years is almost always going to be the most economical option.
Agree with you there. Neither is necessarily better than the other in terms of whole dollars, it should really just depend on personal preference and your goals.

As you said, the biggest issue is that leases generally rely on more variables than financing and dealers can tweak those variables to make it look more attractive. You can slice a 24" pizza into 4 slices or 20, but it's still the same amount of pizza. It's just up to folks to really inform themselves and decide how they like to eat their pie.
I like the pizza analogy.
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      03-01-2014, 07:51 PM   #77
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My rough calculations are that my lease payment won't change from my current 550i to the new M3, both done via ED, etc. I can roll MSD's from one to the next. Depends on repeat BMWFS customer incentives, etc.

Easy to keep the budget.
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      03-01-2014, 08:21 PM   #78
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in case anybody is new to leasing... Multiply money factor by 2,400 and you get APR. Cant wait til employee lease comes out... Payment will probably be ~750.
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      03-01-2014, 08:26 PM   #79
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Quote:
Originally Posted by richardg
Quote:
Originally Posted by dmk08 View Post
So on $76905 total price (figuring 1k for loyalty) my payments on 12/36 look like $1116.31 with no MSD and $1038.31 with full MSD. Tax up front on both.

I would love to drop 5k down and get my payments down to around $900. But apparently that's like the biggest lease sin ever lol.
NEVER put money down on a lease. Too dangerous imo
+1
Most people I know either just pay the taxes upfront or have the taxes and fees added into the monthly payments
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      03-01-2014, 08:34 PM   #80
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Quote:
Originally Posted by Powaup View Post
I'm getting $1038/month for $65,680 36months/10k miles, 9% Tax no MSDs from my excel spread sheet.. what am I doing wrong?
Must be 982.28 including 9% tax excluding other fees ( such as registration,
license, acquisition and etc)
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      03-01-2014, 10:02 PM   #81
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When I got my 2012 135i I did a prepaid lease and saved a good chunk of money. I know this is not for everyone, but if you want to lease and have the cash from a trade or just in savings it is a great way to save money and not have to worry about making payments during your lease.
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      03-02-2014, 04:06 AM   #82
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how about putting the hard cash on the counter?
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      03-02-2014, 04:10 AM   #83
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What's money factor?

And you can only drive 10-15k miles in 3 years? LOL why bother
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      03-02-2014, 04:18 AM   #84
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Quote:
Originally Posted by M6-Coupe View Post
what is the 0.00049 factor?
isn't the rent fee : (Sales price + residual ) * MF which is
(66000+37620)*0.00130 = $134?
Yes, but he wants to max out on multiple security deposits (MSD):
.00049 (7MSD X .00007)
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      03-02-2014, 07:06 AM   #85
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Quote:
Originally Posted by Kief View Post
No problem
But you guys in states that require you to pay the entire tax on a lease is ridiculous! So would you be "double taxed" on the residual if you decided to buy the car after the lease?
Correct - IL (and I believe TX?) charge tax on the full purchase price as if the lessor was purchasing the car (BMWFS) and then again if you buy the car out of the lease (now the lessee, me, is buying the car). The minor loophole here is you can get a sales tax credit if you re-lease from the same lessor (in this case, BMWFS is trading in its car for another car it is buying). So you get stuck in BMWs (there are worse things).

Quote:
Originally Posted by JaySM3 View Post
Can someone explain to me security deposits? I hear it's like a down payment except at the end of the lease your money is refunded
All you need to do is listen to dmk08. Don't do it. If you need to get out of your lease, the person taking it over is now responsible for paying YOU that money up front because THEY will be the ones getting it back at the end of the lease. And that is something few people taking over a lease are interested in (hey, you need to pay me $5,000 to take over my lease, but you will get it back, I swear).

Quote:
Originally Posted by trusaleen1 View Post
Do you have the new lease rates for march for 435 15k/36 months
60% with .00130 MF

Quote:
Originally Posted by Rupes View Post
Can you trade in a car you own and switch to a $0 down lease? In other words, would the dealer actually pay you a large sum of cash for your old car to walk out with a lease on a new car?
Yes, you can and you should. Had a dealer hand me a nice check for my 325i way back when when I leased my 540i.

Quote:
Originally Posted by flinchy View Post
What's money factor?
The interest rate on a lease. Multiply by 2400 to get real numbers that we all know and love (e.g. .00130 * 2400) = 3.12%

All - please remember dealers often mark up the money factor (MF). I believe they are limited to 40 points here - so .00130 becomes .00170 and thus 4.08%. Pure profit for them and something you can expect from them if they are giving you the car at cost. Spend the time to research this (much harder now that ridewithg no longer has access to them) but you can find it. I really hate paying a markup on the MF and would rather give them some profit on the car instead. But they don't have to tell you they are doing it. So find the correct residuals and MF, work in your sales tax of how it is calculated for your state and then go here to confirm their numbers
http://www.bankrate.com/calculators/...140302130614:s
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      03-02-2014, 07:12 AM   #86
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The lease on my 2011 E90 M3, brand new, ZCP, leather, and not much else, was <$700/mo with 3500 down, for comparison.

I think the residual was like 60%
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      03-02-2014, 09:47 AM   #87
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Quote:
Originally Posted by flinchy View Post
What's money factor?

And you can only drive 10-15k miles in 3 years? LOL why bother
10-15k per year, not over 3 years.

So, 30k to 45k miles on a 3 year lease.
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      03-02-2014, 11:02 AM   #88
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Quote:
Originally Posted by Sedan_Clan View Post
You forgot another option.....


....Lease if you just like to change cars every few years. Sometimes it's really just that simple.
Exactly right!
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