Quote:
Originally Posted by Money2536
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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THANK YOU!!! You are one of the very few people in these discussions with the understanding of financial numbers on BMW leases! I have been pulling my hair out reading most of these crazy posts of people thinking they can lease a $65k M3 for $700 a month! My $57k 335i is $775 a month at 3.2% interest and 10% sales tax w/ zero down.
Everyone, read what he money2536 posted, he is the sane person in these threads!