Quote:
Originally Posted by Merlosso
Here is the ED invoice price sheet for the car and options. Add up everything you want and don't forget delivery and gas guzzler tax. Then add $500 to $1,000 for dealer mark-up. There is also a bank fee of somewhere around $800 for a lease.
http://www.m3post.com/forums/showthread.php?t=427717
Here are the lease rates for April. It also explains how to calculate the payment. I don't think May's rates have been announced yet.
http://www.m3post.com/forums/showthread.php?t=512952
Here is another guide to calculating lease payments:
http://www.leaseguide.com/lease08.htm
Read up on doing MSD (multiple security deposits) instead of putting money down. If you have cash left over after the MSDs, just stick it in a bank account and take out a little each month to put towards the payment. That way if the car is totaled you still have the cash in the bank in addition to the security deposits, which you will get back.
http://www.bimmerfest.com/forums/sho...=134206&page=1
The $500 from BMWCCA is a rebate, not a discount. You get a check after you return from ED and submit the paperwork. It won't reduce your payment.
Finally, you can contact one of the dealer sponsors on this site for an actual quote.
Good luck.  |
Thanks, Merlosso!
OK, took a look at all of the above and I'm a little confused.
Below is a screenshot of the spec'd out car I want. So MSRP is $74,247, including destination fee, but not including gas guzzler or sales tax. At invoice, it specs out to $62,960. Then, if I add $750 for dealer profit, it would be $63,710.
In regards to the $800 bank fee you mentioned, is that because it's a lease? Because here's the thing: My credit isn't great right now and I'm certain BMW won't lease to me. What I could do though is pay the lease (the monthly payment for all 36 months) in full upon taking delivery of the car and then I'm assuming I wouldn't need to have great credit since they wouldn't be giving me credit as the entire lease would be paid for for all 3 years. First off, is that an accurate assumption? And if no, would that delete the $800 bank fee? If not, let's tack that on there, too and we have $64,510.
In regards to the MSD, from what I understand, if I put down 7 security deposits that will lower the money factor by 0.00049 and bring .00200 down to 0.00151. Is that right? How much is one security deposit? If I remember right, for my 2006 it was $650, so would that be $4,550 to bring the money factor down to 0.00151?
So if the car is $64,510 and it's a 36 month lease and it's 10K miles/year (which bumps the residual up to 61% of MSRP) and the money factor is 0.00151, what would the monthly payment equal after adding the gas guzzler tax (how much is that?) and the 9.25% California sales tax (+ any other fees??)?
I wish I could make this calculation myself but it's confusing as hell to me!
