Lease Guru's

buddster · 12-01-2009, 01:04 AM

Looking at a 2010 M3 Coupe lease configured as below. I think I've got it spot-on at $500 over invoice. Am I missing anything? Am I leaving any money on the table? I wanted to plausibility check it before talking to a few of the dealers. Is there a way to even further optimize this? BTW, 3 years, 10k/year, 750+ credit.

NoM3ForMe · 12-01-2009, 09:39 AM

I am by no means a 'guru' but, your numbers look right to me. Are you using MSD's to buy-down your money factor at all?

bknight · 12-01-2009, 10:28 AM

not a guru either but numbers look right

MJC///M3 · 12-01-2009, 10:29 AM

numbers look good by me.

buddster · 12-01-2009, 11:02 AM

I'm considering MSD's, but still on the fence. Other than killing off the $500 profit for the dealer, can you think of any other areas to tighten it up?

CORTDD · 12-01-2009, 11:21 AM

Just curious. Have you found a dealer that is willing to sell you a car at only $500 over invoice. Has your dealer agreed to the money factor. FWIW, my dealership tries to markup the money factor to make a little more profit there too.

Do you need to include the fee for metallic paint on your spec sheet?

NoM3ForMe · 12-01-2009, 11:28 AM

Quote:

Originally Posted by buddster

I'm considering MSD's, but still on the fence. Other than killing off the $500 profit for the dealer, can you think of any other areas to tighten it up?

Are you getting a non-metallic (alpine white/jet black) paint? If you aren't, is the $550 charge for it accounted for?

buddster · 12-01-2009, 01:02 PM

Good catch. I'm going with Alpine white though, so I left it off.

SpencerM3 · 12-01-2009, 01:30 PM

Looks pretty good. I just picked up my M3 and i am in LA too. I got an '09 but I think you can get $500 over invoice on most '10s too. Some dealers don;t deal like others but most will price match for you.

NoM3ForMe · 12-01-2009, 01:56 PM

Quote:

Originally Posted by SpencerM3

Some dealers don't deal like others but most will price match for you.

+1. This is universally true; most especially in the area I work (near the affluent Bellevue, WA). That being said, however, money talks and bullsh1t walks...

Come in with what you want, be firm, and walk if they won't bend.

buddster · 12-01-2009, 02:18 PM

I agree. I'm not interested in negotiating with these guys. There's 30 something dealers in So Cal and someone will take my deal without any hassle. This is the only way I know of to make this a completely pain-fee process.

KSJ65 · 12-01-2009, 02:34 PM

in the finance charge of your chart you added the residual value to cap cost. You should have subtracted. The monthly finance charge should be $58.85

buddster · 12-01-2009, 03:12 PM

I think you're talking about the depreciate section. The formula for the finance charges should be (Adjusted Cap Cost + Residual Value) * Money Factor.

Ablahad · 12-09-2009, 10:48 PM

So should I present this to dealers when negotiating? Thanks OP, very nice of you to make it convenient for us.

Bluesummer · 12-10-2009, 12:50 AM

wait for the 2011 rolling in in March

Vic55 · 12-15-2009, 03:09 PM

The processes look correct but:

Is the MF really .00228 or is it higher

And there is no way you are paying 300 for reg in California based on your capitalized cost.

buddster · 12-15-2009, 08:04 PM

I updated the spreadsheet with all the additions. It should be spot-on. The 228 rate was non-BMWFS. It's 245 with BMWFS, so I updated it. Updated the California registration as well (looked up the amount on Cal's site).

BTW, it looks like the holiday credit is lockable for up to 60 / 90 days. Should be able to order this up til Jan 4th with the holiday credit. Does anyone know what the new pricing or options would be for the LCI?

OC ///M · 12-22-2009, 02:09 PM

Quote:

Originally Posted by buddster

Does anyone know what the new pricing or options would be for the LCI?

Pretty sure I'll be in to swap with an LCI in March.

http://www.m3post.com/forums/showthread.php?t=328077
http://www.m3post.com/forums/showthread.php?t=328001

No pricing yet and not much in substance, but if having the latest thing is a priority, it may be worthwhile to hold off for a couple months...I like the idea of having the new LED tails we're supposed to get.

12-01-2009, 01:04 AM	#1
buddster Second Lieutenant 64 Rep 269 Posts Drives: 2022 M8 Gran Coupe Join Date: Jan 2009 Location: Austin, TX iTrader: (0)	Lease Guru's - Am I missing anything? Looking at a 2010 M3 Coupe lease configured as below. I think I've got it spot-on at $500 over invoice. Am I missing anything? Am I leaving any money on the table? I wanted to plausibility check it before talking to a few of the dealers. Is there a way to even further optimize this? BTW, 3 years, 10k/year, 750+ credit. Attached Images Last edited by buddster; 12-15-2009 at 08:00 PM..
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12-01-2009, 09:39 AM	#2
NoM3ForMe Major 37 Rep 1,440 Posts Drives: '10 Legacy, '07 Kia Sorrento Join Date: Aug 2008 Location: ...location, location? iTrader: (0)	I am by no means a 'guru' but, your numbers look right to me. Are you using MSD's to buy-down your money factor at all? __________________ try { Life.Live(); } catch (Experience exp) { Console.WriteLine(exp.ToString(); } finally { Brian.Dispose(); } "There are only 10 kinds of people in the world; those that read binary, and those that don't."
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12-01-2009, 10:28 AM	#3
bknight Captain 60 Rep 609 Posts Drives: F95 X5M Competition Join Date: Jan 2008 Location: United States iTrader: (0)	not a guru either but numbers look right
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12-01-2009, 10:29 AM	#4
MJC///M3 Colonel 87 Rep 2,324 Posts Drives: 09 SSII E92 M3 Join Date: Aug 2008 Location: Bronx, NYC iTrader: (0)	numbers look good by me. __________________ "You will get there, but it is up to you and you alone. It is what you are willing to do, and how you are willing to get there. You must be relentless, you must be tireless, you must pursue at all costs, so that you are ready, when the time is right." -Dad
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12-01-2009, 11:02 AM	#5
buddster Second Lieutenant 64 Rep 269 Posts Drives: 2022 M8 Gran Coupe Join Date: Jan 2009 Location: Austin, TX iTrader: (0)	I'm considering MSD's, but still on the fence. Other than killing off the $500 profit for the dealer, can you think of any other areas to tighten it up?
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12-01-2009, 11:21 AM	#6
CORTDD Private 11 Rep 81 Posts Drives: E46 M3 Join Date: Nov 2009 Location: Planet earth, top part. iTrader: (0)	Just curious. Have you found a dealer that is willing to sell you a car at only $500 over invoice. Has your dealer agreed to the money factor. FWIW, my dealership tries to markup the money factor to make a little more profit there too. Do you need to include the fee for metallic paint on your spec sheet?
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12-01-2009, 01:02 PM	#8
buddster Second Lieutenant 64 Rep 269 Posts Drives: 2022 M8 Gran Coupe Join Date: Jan 2009 Location: Austin, TX iTrader: (0)	Good catch. I'm going with Alpine white though, so I left it off.
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12-01-2009, 01:30 PM	#9
SpencerM3 Sauce 75 Rep 2,023 Posts Drives: 2009 SSII E90 M3 Join Date: Jun 2006 Location: Los Angeles iTrader: (1)	Looks pretty good. I just picked up my M3 and i am in LA too. I got an '09 but I think you can get $500 over invoice on most '10s too. Some dealers don;t deal like others but most will price match for you. __________________ 2009 E90 M3 \| Silverstone II \| Black Novillo \| HRE P40's \| Akrapovic Exhaust \| Eibach Pro Kit \| Jet Black Kidney Grilles \| SSII Side Reflectors \| SSII Side Gills \| LUX H8 Angel Eyes \| Macht Schnell Filter \| Tecnocraft Envy Charge Pipe "M3 drivers have no friends." - Jeremy Clarkson
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12-01-2009, 02:18 PM	#11
buddster Second Lieutenant 64 Rep 269 Posts Drives: 2022 M8 Gran Coupe Join Date: Jan 2009 Location: Austin, TX iTrader: (0)	I agree. I'm not interested in negotiating with these guys. There's 30 something dealers in So Cal and someone will take my deal without any hassle. This is the only way I know of to make this a completely pain-fee process.
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12-01-2009, 02:34 PM	#12
KSJ65 Registered 0 Rep 1 Posts Drives: Dodge pickup Join Date: Dec 2009 Location: Texas iTrader: (0)	in the finance charge of your chart you added the residual value to cap cost. You should have subtracted. The monthly finance charge should be $58.85
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12-01-2009, 03:12 PM	#13
buddster Second Lieutenant 64 Rep 269 Posts Drives: 2022 M8 Gran Coupe Join Date: Jan 2009 Location: Austin, TX iTrader: (0)	I think you're talking about the depreciate section. The formula for the finance charges should be (Adjusted Cap Cost + Residual Value) * Money Factor.
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12-09-2009, 10:48 PM	#14
Ablahad Enlisted Member 2 Rep 37 Posts Drives: Work Beater Join Date: Sep 2009 Location: San Diego iTrader: (0)	So should I present this to dealers when negotiating? Thanks OP, very nice of you to make it convenient for us.
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12-10-2009, 12:50 AM	#15
Bluesummer Lieutenant General 588 Rep 15,818 Posts Drives: slower than Ayrton Senna Join Date: Dec 2006 Location: SoCal iTrader: (15) Garage List 2017 BMW X5M [0.00] 2015 M4 [0.00] 2011 E82 135 [0.00] 2011 M3 [0.00] 2007 335 [0.00]	wait for the 2011 rolling in in March __________________ IG:d.violet.m3
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12-15-2009, 03:09 PM	#16
Vic55 Lieutenant General 19222 Rep 10,145 Posts Drives: 2023 BMW M8 Competition Coupe Join Date: Jul 2009 Location: THE Orange County iTrader: (9)	The processes look correct but: Is the MF really .00228 or is it higher And there is no way you are paying 300 for reg in California based on your capitalized cost. __________________ 2024 BMW M3 CS Frozen Solid White 2023 BMW M8 Coupe Competition Alpine White 2022 Porsche Carrera GTS Coupe Shark Blue 2020 Audi R8 V10 Performance Suzuka Gray 2012 Mercedes Benz C63 AMG Black Series Obsidian Black
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12-15-2009, 08:04 PM	#17
buddster Second Lieutenant 64 Rep 269 Posts Drives: 2022 M8 Gran Coupe Join Date: Jan 2009 Location: Austin, TX iTrader: (0)	I updated the spreadsheet with all the additions. It should be spot-on. The 228 rate was non-BMWFS. It's 245 with BMWFS, so I updated it. Updated the California registration as well (looked up the amount on Cal's site). BTW, it looks like the holiday credit is lockable for up to 60 / 90 days. Should be able to order this up til Jan 4th with the holiday credit. Does anyone know what the new pricing or options would be for the LCI?
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