[exokiss]

Silly me…I accidentally hint the salesman my desired monthly payment and here's how the crater-size hole in my bank account looks like. He tried to convince me that I'm getting a good deal, and instead of lowering the money factor with the security deposit he applied the $12k as a downpayment. How's that a deal?

[dmanb2b]

Originally Posted by exokiss

Silly me…I accidentally hint the salesman my desired monthly payment and here's how the crater-size hole in my bank account looks like. He tried to convince me that I'm getting a good deal, and instead of lowering the money factor with the security deposit he applied the $12k as a downpayment. How's that a deal?

Crazy how much the market has shifted in 7 months...

[Phasers]

There is so much wrong with that finance sheet exokiss

Where are they getting $3250 in rebates on a lease?

Why aren't trying to buy down the MF with Max MSDs?

Also why are you leasing? This vehicle does not lease well at all.

[exokiss]

Originally Posted by Phasers

There is so much wrong with that finance sheet exokiss

Where are they getting $3250 in rebates on a lease?

Why aren't trying to buy down the MF with Max MSDs?

Also why are you leasing? This vehicle does not lease well at all.

- it's my corporate incentive
- the guy thought I'm putting down not security
- fin is also bad especially thru BFS

[Angelo_GraysonMiniBMW]

Originally Posted by Phasers

There is so much wrong with that finance sheet exokiss

Where are they getting $3250 in rebates on a lease?

Why aren't trying to buy down the MF with Max MSDs?

Also why are you leasing? This vehicle does not lease well at all.

How is .00093MF not a good lease rate? Not that far off from 1.90% apr on a 60mo term. What am I missing. I’ve never leased before.

[Al Pinã]

Never, ever put money down on a lease. If for some reason the vehicle is totaled that money is gone forever. You won't get it back.

Better to put the same $12K in an account and pay the monthly note with it.

[unfoundnemo]

thread does not deliver on the title. huge bait-and-switch here.

[exokiss]

Originally Posted by unfoundnemo

thread does not deliver on the title. huge bait-and-switch here.

Mind to clarify

[unfoundnemo]

Originally Posted by exokiss

Mind to clarify

I came here for amusement. I see zero evidence of your leg actually being broken.

Anyway, regarding your post... While buying down the MF may help, it really doesn't help THAT much. Maxing our the MSDs would only save about $50/month, so a cap cost reduction is going to be the only way to get down to $900/month when you're looking at a 53% residual on a $90,000 car. Obviously, getting that cap cost reduction in terms of a discount instead of a down payment is what you're after.

They highlighted some numbers in different locations here to make it look like you're getting close to a 5% discount plus the $3250 rebate, but you're really only getting a 1.24% discount plus your rebate. It's not really a bad deal being base MF and below MSRP, but you might be able to squeeze a little more of a discount.

Here's a link to their what their deal seems to be on the leasehackr calculator if it helps:
https://leasehackr.com/calculator?ma...w_demo_25=true

You could play around with the numbers from there, like if you maxed out the MSDs and put $0 down, you'd be at $1,134/month. If you do that while getting them to give you 4% off MSRP plus your rebate, you'd be down to $1,064, etc.

[Angelo_GraysonMiniBMW]

Originally Posted by unfoundnemo

I came here for amusement. I see zero evidence of your leg actually being broken.

Anyway, regarding your post... While buying down the MF may help, it really doesn't help THAT much. Maxing our the MSDs would only save about $50/month, so a cap cost reduction is going to be the only way to get down to $900/month when you're looking at a 53% residual on a $90,000 car. Obviously, getting that cap cost reduction in terms of a discount instead of a down payment is what you're after.

They highlighted some numbers in different locations here to make it look like you're getting close to a 5% discount plus the $3250 rebate, but you're really only getting a 1.24% discount plus your rebate. It's not really a bad deal being base MF and below MSRP, but you might be able to squeeze a little more of a discount.

Here's a link to their what their deal seems to be on the leasehackr calculator if it helps:
https://leasehackr.com/calculator?ma...w_demo_25=true

You could play around with the numbers from there, like if you maxed out the MSDs and put $0 down, you'd be at $1,134/month. If you do that while getting them to give you 4% off MSRP plus your rebate, you'd be down to $1,064, etc.

Agree, the title makes no sense at all. I was expecting the same I don’t why anyone would put money down on a lease. If you’re putting down $12k, just finance it.

[aas5]

I didn’t spend a lot of time reviewing these numbers but I disagree on MSD. $50 a month in your example is $600 a year on let’s say $8,750 (7*$1,250 monthly payment which is what I have) is 7% after tax risk free return which is a very good deal in today’s market. You can make more in the equity market but it’s certainly not tax or risk free. I always take advantage of the MSDs and have earned close to 8-10% return in terms of lower lease payment

[unfoundnemo]

Originally Posted by aas5

I didn’t spend a lot of time reviewing these numbers but I disagree on MSD. $50 a month in your example is $600 a year on let’s say $8,750 (7*$1,250 monthly payment which is what I have) is 7% after tax risk free return which is a very good deal in today’s market. You can make more in the equity market but it’s certainly not tax or risk free. I always take advantage of the MSDs and have earned close to 8-10% return in terms of lower lease payment

Oh, I'm not saying I'm against MSDs, just pointing out that if OP was telling the CA he wanted a $900/month payment, putting his money towards MSDs would have barely moved the needle, and he needed a cap cost reduction (discount or down payment) to get down that low.

[Auricom]

Originally Posted by unfoundnemo

Oh, I'm not saying I'm against MSDs, just pointing out that if OP was telling the CA he wanted a $900/month payment, putting his money towards MSDs would have barely moved the needle, and he needed a cap cost reduction (discount or down payment) to get down that low.

That was also my impression. When you someone interested in leasing with a certain monthly payment in mind and not familiar with all the variables that go into leasing, a CA can usually structure a lease around that figure - meaning larger cap cost reduction. But the buyer was thinking in their mind that they want the CA to discount it by $XX,XXX to get that low monthly payment LOL….