04-07-2015, 03:02 PM | #134 |
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Nice thanks for putting this together. Also I didn't see it, but isn't there a $350 displacement fee if you don't order or buy another BMW? It's what the dealer finance officer told me.
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04-07-2015, 03:22 PM | #135 |
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Yes there is. It's in there under disposition fee.
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04-07-2015, 03:39 PM | #137 | |
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04-07-2015, 03:47 PM | #138 | |
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I think that this should be clarified, lots and lots of debate around cap cost reduction
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04-07-2015, 03:51 PM | #139 |
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I seem to recall reading (don't remember where though) about situations where someone was able to buy the car at lease end (or maybe within 6 months) for less than the residual. Something about the dealer being able to buy it from BMWFS for less than residual, and even after adding a little profit (easy sale for them), perhaps certifying it, it'd be less than the residual.
Have you heard of this scenario? Or am I just smoking something? |
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04-07-2015, 04:14 PM | #140 | |
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04-07-2015, 04:34 PM | #141 |
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so with my lease they told me that I need to pay first month and tag fee's ect.... to the tune of about 2k? Is this normal? or should I have all that bundled in and pay $0 first day? I am thinking of turning in this lease earlier than 3yr and getting another lease.
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04-07-2015, 04:44 PM | #143 | |
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04-07-2015, 04:48 PM | #144 | |
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If it's the idea of cap cost reductions not being favorable, then I would say it normally is not the best idea unless you know you are going to keep the car for the duration of the lease. You also take some risk if the car is totaled because it's not your car and the insurance money will not go to you.
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04-07-2015, 04:53 PM | #145 |
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Has anyone asked about deciding to buy the car after the lease is up? What are the implications of doing so?
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04-07-2015, 04:59 PM | #147 |
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No implications and the disposition fee would be waived. You can simply pay the buyout or you can negotiate with BMWFS or your dealer. Many times you can get the vehicle for less than then buyout. You just need to ask. The only potential drawback is if you finance, it would be a used car interest rate not new.
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04-07-2015, 05:00 PM | #148 | |
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The downside is really only the fact they are offering 0.9-1.9% financing right now. But I think the flexibility and reduced risk is worth more than the low APRs. Plus the ability to get into a 80k car with $0 down is pretty damn awesome. Frees up cash to do other things. |
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04-07-2015, 05:04 PM | #149 |
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This is a great thread!!!!!!! Thank you for this, it has enlightened me on what a lease truly is.
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04-07-2015, 05:05 PM | #150 | |
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PA for example has a 6% sales tax but charges 9% tax on every lease payment (higher in Philadelphia or Allegheny County). Other states charge sales tax on the whole sale price of the vehicle. I think Texas does this. For this reason leasing is not desired. BMW has combated this by creating owners choice which gives a temporarily low initial payment with a lump sum at the end. I circumvents the lease tax and still allows the buyer to walk away before the lump sum is due. Taxes vary too much from state to state for me to be accurate or knowledgeable about every state.
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04-07-2015, 05:42 PM | #151 | |
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04-07-2015, 05:43 PM | #152 | ||
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04-07-2015, 05:50 PM | #154 | |||
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if the car is totaled it is not automatic that you lose all of your cap cost reduction invested in the lease. I think this is a good explanation: Quote:
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