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12-01-2009, 01:04 AM | #1 |
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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.
Last edited by buddster; 12-15-2009 at 08:00 PM.. |
12-01-2009, 09:39 AM | #2 |
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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?
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12-01-2009, 10:29 AM | #4 |
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numbers look good by me.
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12-01-2009, 11:02 AM | #5 |
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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 |
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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, 11:28 AM | #7 |
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Are you getting a non-metallic (alpine white/jet black) paint? If you aren't, is the $550 charge for it accounted for?
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12-01-2009, 01:30 PM | #9 |
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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.
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12-01-2009, 01:56 PM | #10 | |
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12-01-2009, 02:18 PM | #11 |
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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, 03:12 PM | #13 |
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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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12-15-2009, 03:09 PM | #16 |
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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.
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12-15-2009, 08:04 PM | #17 |
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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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12-22-2009, 02:09 PM | #18 | |
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Quote:
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.
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2013 E92 M3 Individual Sold: 2011 E92 M3 SSII | Sold: 2008 E92 M3 SSII | Into a Wall: 2008 E92 M3 SSII | Sold: 2007 E92 335i JB Last edited by OC ///M; 12-22-2009 at 06:32 PM.. |
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