View Single Post
      06-25-2013, 09:06 AM   #1
AirbusPilot
Second Lieutenant
AirbusPilot's Avatar
34
Rep
220
Posts

Drives: 2023 M550i
Join Date: May 2012
Location: Austin, Tx.

iTrader: (0)

Exclamation 2013 Lease: Need opinions on this deal

Note: This dealer does not have this vehicle in stock (he is merely local), but can trade for the one I want.

133H M3 Cp

USD 60,100.00

Alpine White

NDSW Black Novillo Extended Leather: 1100.00

ZCP Competition Package: 2500.00


ZCW Cold Weather Package: 750.00


ZPP Premium Package: 4350.00


2MK M Double-clutch Transmission: 2900.00

5AC Automatic high beams: 250.00

655 Satellite radio w/1 year sub.: 350.00

6NR BMW Apps: 250.00

Net Total

72550.00

Destination Charge: 895.00

Gas Guzzler Tax: 1300.00

Total Suggested Price

74745.00

Port Installed Accessories:

Z03 Alcantara SW insert: 89.00

Z04 Aluminum Pedals: 210.00

Z06 Black Kidney Grilles: 162.00

Z17 Carbon Fiber Front Splitters: 911.00

Z22 Carbon Fiber Rear Spoiler: 622.00

Z2F BMW M Perf Steering Wheel: 885.00

Accessories Total

2879.00

Total Price incl. accessories

$77,624.00


Sales guy: This vehicle would lease for 36 months at 12K miles/year for $1042 with the TT&L down plus first payment due at signing. The only cash due at signing in this scenario are the state taxes and fees plus the first payment, a total due of $6089. I can probably have it here for you within a week, and I can email you a credit application and deposit form to get the ball rolling if you are ready to proceed.

Thanks again,


ME: It appears I would be paying full msrp based on this initial offer.

Sales guy: This is not at MSRP, it is a $3000 discount. And Texas is one of a few states where the leasee pays sales tax on the full amount of the vehicle. Some other states do tax only the payment amount, but Texas isn't one of them. Another thing that is skewing these payments higher are the port installed accessories. They aren't subject to the residual value, they are fully amortized over the 36 payments. So that's close to $100/month just for those.

.................................................. ......

So far he has ignored my request to confirm a residual of 61% and a MF of .00127 (3.05%).

The online lease calculators aren't matching his numbers, and he doesn't seem willing to show me his numbers.

I'd like to get the lease payments at around mid $700's tops.

Any help explaining this, and what a "good" deal would look like would be appreciated.

Thanks,

Mark
Appreciate 0