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12-04-2008, 09:19 PM | #1 |
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Need help on Lease Payment Calc.
All,
I am considering to lease an 08. Money factor is way too low to pass up. I am looking at a Sedan and the MSRP is around 62,500k. The dealer is willing to sell it at 56k. Here is my calculation based on 36 months/ 10k miles: Depreciation Fee= 62500 X .55=34375 Inception fees ~1800 Down payment = 2500 Cap Cost= 55,300 (55,300-34,375)/36= $581 Finance Fee = (55,300 + 34,375) X .00025= $22 =$603 +TAX Does $603 + TAX sound correct? Thanks in advance! Wohooooooooooooooooooo |
12-04-2008, 09:23 PM | #2 |
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The formulae look right, you might check it here http://www.autoleaseadvisers.com/calc/calc.php
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12-04-2008, 09:44 PM | #4 |
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12-04-2008, 10:26 PM | #7 |
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Yep, that's what I did. Final MF is .00011. I'm only paying $10/month for the financing.
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12-04-2008, 10:47 PM | #8 |
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I believe you have to do the residual .55 off the purchase price ($56K) not the MSRP.
?? Dave
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12-04-2008, 11:05 PM | #9 |
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12-05-2008, 08:42 AM | #11 |
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12-05-2008, 08:50 AM | #12 |
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12-05-2008, 03:07 PM | #13 |
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I got mine from Century in Huntsville. I was also negotiating with Jim Tompkins of United and Adrian Avila of South Atlanta. Jim had several M3s left when I last talked with him. I think Century only has 3 left. Two are verts (both about $72k) and they have a White Sedan with Fox Red leather but it only has Premium pkg and Sirius. The stripper MSRP is only $58k. You could probably lease that one for about $580 before taxes.
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12-05-2008, 03:58 PM | #14 | |
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Quote:
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