05-11-2017, 05:49 AM | #2641 |
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Yes 100% correct. I wouldnt even put the taxes and tags down to be honest. Your best bet typically for a lease is to give them the first payment and nothing else.
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05-11-2017, 02:23 PM | #2643 |
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LOL...happy to help where and when I can. Being a previous F&I guy gives me some additional knowledge so I can help if needed. Anything else you have questions on I will try to help as much as possible.
Once you get your car you will have to join us at some of the local cars and coffees here in the MD/DC/NoVA area. Check out the Mid-Atlantic thread on here as we try to get together a couple times a month and usually do a "leisure" ride on some cool back roads in the area. |
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05-11-2017, 02:39 PM | #2645 | |
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Are you looking for a specific color/option combo or looking to buy one that fits your needs off the lot? I have a very close friend who is a sale mgr at BMW Silver Spring that i can give you her name and see if they have something you like or can possibly bring in for you. If you want her info shoot me a PM. |
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05-26-2017, 10:56 AM | #2646 |
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Guys, help me with this offer. Is it good or not?
5/26/2017 Lease Disclosure
2017 M3 Comp Pkg, Exec Pkg Light Pkg Cap Cost Reduction: Trade Allowance: + 0.00 Payoff: - 0.00 NET Trade: = 0.00 Rebate: + 0.00 Total Customer Paid Cash: + 0.00 Inception Fees: - 1,714.23 Net Cap Cost Reduction: = 1,714.23 Taxed Cash Down: 0.00 Residual: MSRP: + 83,795.00 MSRP Adds: + 0.00 Total MSRP: = 83,795.00 Residual Factor: 0.61 Annual Mileage: 12,000 Base Residual: = 51,114.95 Estimated Mileage: 0 Pre-Charge: 0.15 Mileage Adjustment: - 0.00 Excess Mileage Amount: - 0.00 Residual Adjustment: + 0.00 Adjusted Residual: = 51,114.95 Cap Cost: Selling Price: 83,795.00 Discount: - 6,500.00 Add Ons: + 0.00 Back End Adds: + 0.00 Fees: + 1,080.75 Up Front Fee Tax: + 0.00 Capitalized Taxes: + 3,234.50 Gross Cap Cost: = 81,610.25 Net Cap Cost Reduction: - 1,714.23 Net Cap Cost: = 83,324.48 Monthly Payment: Lease Depreciation: + 894.71 Lease Charge: + 174.77 Base Lease Payment: = 1,069.48 Fees: + 0.00 Use Tax: + 0.00 Total Payment: = 1,069.48 |
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05-30-2017, 08:54 AM | #2647 |
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'16 M4 CP lease transfer question / help
A buddy of mine has a 2016 M4 Competition (Exec Pckg, 10k miles, stick) that is willing to transfer to me for $687 month with $2K down (plus $500 transfer fee). Two years & 24K miles left on lease.
He works for BMW & tells me this would be a $1100/Mo lease with $4k down when new so this seems to be a good deal? Thank you in advance. |
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06-01-2017, 10:44 AM | #2648 | |
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As for the deal he's offering you, I would consider it without giving him $2k. |
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06-14-2017, 01:49 PM | #2649 |
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Any info for model year 2018 M3/4 lease rates/residuals since the MY 2018 pricing guide just came out?
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06-14-2017, 09:33 PM | #2650 | |
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http://f80.bimmerpost.com/forums/sho....php?t=1349306 |
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07-04-2017, 02:14 PM | #2653 | |
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If you're willing to go to some great lengths to bend and break the law, then anything is possible, e.g., have your sister who lives in Hudson buy the car, register, and license the car and then you drive it full time in MN. That said, we used to buy all of our cars (Audis) from Ken Vance in Eau Claire simply because we could get a WAY better deal than in MSP and they were experts with handling the out-of-state taxes and such. Maybe minn19 knows. |
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07-04-2017, 06:24 PM | #2654 |
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07-25-2017, 07:06 PM | #2655 |
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Texas installs a new sphincter every time you buy/sell a car. When I lease it, I pay the full sales tax on the purchase price. If I buy it out at the end, I have to pay the tax on the residual value as well. Even if I don't buy it, the next owner has to pay tax on his purchase price. And if they own it a month and sell it, then the next owner pay tax on the purchase price too. It's a scam!
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07-25-2017, 09:50 PM | #2656 | |
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07-25-2017, 10:45 PM | #2657 | |
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However, I don't think it is a scam - because 1. BMW FS (or the leasing company) is the one purchasing the car when you lease. So as the purchaser of a $60,000+ car, someone needs to pay the tax. 2. Since THEY have to pay the tax, YOU have to pay the tax - basically you are just covering what they owe 3. IF you purchase the car at the end of the lease, the title is changing - the car is no longer owned by BMWFS, a new person owns the car and tax must be paid. In IL, if you however re-leased another car and used the same leasing company then in effect, the leasing company was trading in a car - and you saved on the sales tax (was a bit complicated in IL as the dealer actually needed to purchase the car because it was a trade in). That's gone now - we simply pay the sales tax (UP FRONT) on the total of the lease payments - no trade in value anymore. Lowers the actual payment - at least on your first lease
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07-25-2017, 11:12 PM | #2658 | |
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1. If I buy the car and keep it forever, Texas gets one single payment of sales tax on the full purchase price. 2. If I buy it, and sell it to someone a month later, and they sell it a month later, and so on... Texas gets a tax payment every month. If I buy a TV, I pay sales tax. If I then sell it to you, you don't pay tax on it. Same applies to couches. Computers. Pretty much everything. So why treat cars differently? |
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07-25-2017, 11:20 PM | #2659 | ||
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Wife's Car: 2020 X4M Competition, Alpine White on Black Alcantara and Biege
Current Car: 2018 F80 M3CS, SMB, DCT, ZEC, MPE Recently Departed: 2020 F87 M2C, LBB, ZEC, 6MT (Euro Delivery Aug. 29, 2019, totaled by an idiot in a Camry who then ran from the scene) Wife's Prior Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017) |
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07-26-2017, 08:56 AM | #2660 | |
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They get tax money from the fuel and annual registration. If they're relying on sales tax to fund roads, then my first example of buying a car and keeping it forever leaves them caught short - surely a smarter approach would be to incorporate a charge into the annual registration instead - then I would have to contribute to their roads every year regardless - because lets face it, in either example I gave, it's still only one car on the road. So neither way produces any more or less congestion or road maintenance. |
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07-26-2017, 09:11 AM | #2661 | ||
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And you are right, you keep the car for life that decreases the value they can bring in. This is exactly why they tax every subsequent transaction for a car. This way the people with the funds and ability to buy a new or used car every few years makes up for those like you that keep your car long term. It is basically away to tax the downstream economic impact of a car being on the road. It is all different ways of approaching the same problem and they are all for legitimate reasons. If you want to talk about a scam how about the fact that places like North Carolina (where I lived for many years) have so much public waste like NC's 100 counties. That is 100 government officials all the way from the mayor/commissioners office to the school board. That is a 100 superintendents of the schools getting paid 100-140k plus a year yet NC consistently ranks in the bottom third in public education. You want to talk about a scam or a waste of money, there are plenty of other examples, sales taxes on car purchasing being one of the least of those scams in terms of legitimate reasons for taxing them, i.e. the public harm that results from cars whose externalities (road damage, pollution, traffic, loss in productivity of the workforce) need to be maintained or discouraged through taxes. At the end of the day I am with you, it sucks and there may be more efficient ways to deal with the issue or inconvenience. However, with out current political climate nothing is going to change.
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Current Car: 2018 F80 M3CS, SMB, DCT, ZEC, MPE Recently Departed: 2020 F87 M2C, LBB, ZEC, 6MT (Euro Delivery Aug. 29, 2019, totaled by an idiot in a Camry who then ran from the scene) Wife's Prior Car: 2018 F80 M3, Yas Marina Blue, DCT, Black 19s, Carbon Structure Anthracite Cloth/Leather Combination, Driving Assistance Package (Euro Delivery Oct. 9, 2017) Last edited by Thescout13; 07-26-2017 at 09:26 AM.. |
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08-14-2017, 04:51 PM | #2662 |
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Hey fellas: What do you guys think of this?
Leases. I'll just give you the 15k lease since its more than likely the option I'd take regardless of the deal. Sticker: $88235 Discount: $4564.95 Rebate: $2000 Purchase price: $81,670.05 Doc fee: $649 Tax: $176.51 Non tax fee: $200 Net price: $82,762.06 Based upon a 36 month lease/15k miles a year Money factor: .00151 Zero out of pocket Payment: $1319.00
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