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      01-15-2012, 01:50 PM   #1
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Question can someone please check my math (lease)

did i do my math correctly?
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      01-15-2012, 01:52 PM   #2
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Dude... lol "depricitaiton". Didn't realize your from AZ as well...can you please PM me with the dealer you're going with? Just wanted to get a first hand opinion.

Sorry, can't help you with lease math...I have zero knowledge about leasing
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      01-15-2012, 01:54 PM   #3
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Quote:
Originally Posted by 90degreeman View Post
Dude... lol "depricitaiton". Didn't realize your from AZ as well...can you please PM me with the dealer you're going with? Just wanted to get a first hand opinion.

Sorry, can't help you with lease math...I have zero knowledge about leasing
lolz, stupid Excel didn't correct my spelling. i better fix that.
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      01-15-2012, 01:56 PM   #4
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looks right...
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      01-16-2012, 10:13 PM   #5
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Correct.
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      01-16-2012, 10:57 PM   #6
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thanks hopefully this simple math holds up when I am at the negotiation table, as it never seems this straight forward at the dealership?
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      01-17-2012, 01:16 AM   #7
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is this with zero down?
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      01-17-2012, 07:55 AM   #8
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Originally Posted by eric145472
is this with zero down?
yes
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      01-17-2012, 08:41 AM   #9
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If you have dealer loyality going for you, get more off the MSRP! Im sure anyone will give you $500 off, regardless of whether you are a return customer
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      01-17-2012, 01:04 PM   #10
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Originally Posted by m630 View Post
If you have dealer loyality going for you, get more off the MSRP! Im sure anyone will give you $500 off, regardless of whether you are a return customer
of course, this was just a basis of my worst case scenario with 0 down.
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      01-17-2012, 01:55 PM   #11
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Quote:
Originally Posted by 90degreeman View Post
Dude... lol "depricitaiton". Didn't realize your from AZ as well.
I like the correction of a spelling error with a grammatical error.
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      01-17-2012, 02:26 PM   #12
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i often find dealers mark up their money factors, and claim they can't possibly allow for the BMW suggested MF of .00195. I have already been quoted by 2 dealers that marked up that MF to .00235. thoughts on negotiation strategy when this takes place.
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      01-17-2012, 02:54 PM   #13
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call another dealer, perhaps even out of the area or state to see what they are offering, its always good to have a real answer to go by. ANother strategy may be to work backwards, what is the payment you want to pay, and make them work to get you there, ie, let them keep their MF but lower the MSRP, etc
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      01-17-2012, 03:14 PM   #14
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Quote:
Originally Posted by matt_335Ci View Post
i often find dealers mark up their money factors, and claim they can't possibly allow for the BMW suggested MF of .00195. I have already been quoted by 2 dealers that marked up that MF to .00235. thoughts on negotiation strategy when this takes place.
r u serious? they are marking up the money factor? what kind of bull shit is that? Is it possible your credit rating isn;t high enough and they are giving you tier 2 or something?
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      01-17-2012, 03:47 PM   #15
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Originally Posted by justinnum1 View Post
r u serious? they are marking up the money factor? what kind of bull shit is that? Is it possible your credit rating isn;t high enough and they are giving you tier 2 or something?
my credit is tier 1. they are supplying this information prior to me supplying my credit score or asking for my SS# to pull my credit.
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      01-17-2012, 03:48 PM   #16
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Quote:
Originally Posted by justinnum1 View Post
r u serious? they are marking up the money factor? what kind of bull shit is that? Is it possible your credit rating isn;t high enough and they are giving you tier 2 or something?
my credit is tier 1. they are supplying this information prior to me supplying my credit score or asking for my SS# to pull my credit.

i have experienced this in the past. i have polled our board for MFs and then taken them to the dealership and they are like "we can't possibly offer that, we have to make money too".
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      01-17-2012, 03:55 PM   #17
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Quote:
Originally Posted by matt_335Ci View Post
my credit is tier 1. they are supplying this information prior to me supplying my credit score or asking for my SS# to pull my credit.

i have experienced this in the past. i have polled our board for MFs and then taken them to the dealership and they are like "we can't possibly offer that, we have to make money too".
Damn thats fucked up. IM sure you will find a dealer who will give you the correct MF.
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      01-17-2012, 04:08 PM   #18
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Originally Posted by justinnum1 View Post
Damn thats fucked up. IM sure you will find a dealer who will give you the correct MF.
i was given this analogy one time:

its like when you go to bmwusa.com and you see lease offers. if you print that out and bring to the dealership they will laugh in your face.
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      01-17-2012, 05:27 PM   #19
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thats pretty ridiculous ... i would never pay $650 for a 328

leased an e90 335 in 2008 and was even tough to think i was paying $550/mo
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      01-17-2012, 06:32 PM   #20
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I don't think that's accurate IMO.

Do your price include Destination and Handling? Usually the residual is calculated without it here in Canada at least.

If yes;
Residual = (47245-895)*0.65% = 30127.50$
Depreciation = (46745-30127.50)=16617.50$

0.00195 x 2400 = 4.68% interest rate
Depreciation payment --->495.66$
Mensual interests on residual --->117.50$


613.15$ no tax
670.18$ with tax.
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      01-17-2012, 09:19 PM   #21
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Quote:
Originally Posted by bmrm396 View Post
thats pretty ridiculous ... i would never pay $650 for a 328

leased an e90 335 in 2008 and was even tough to think i was paying $550/mo
ridiculous?? you either put a significant amount of money down or you were driving a stripped 335i?
the lease calculation is for a well equipped 328i with a 47k sticker and $0 down.
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      01-17-2012, 09:25 PM   #22
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Quote:
Originally Posted by Saintor View Post
I don't think that's accurate IMO.

Do your price include Destination and Handling? Usually the residual is calculated without it here in Canada at least.

If yes;
Residual = (47245-895)*0.65% = 30127.50$
Depreciation = (46745-30127.50)=16617.50$

0.00195 x 2400 = 4.68% interest rate
Depreciation payment --->495.66$
Mensual interests on residual --->117.50$


613.15$ no tax
670.18$ with tax.
ugh, i did include destination/handling in the MSRP. i modified row 7 to be 65% of the MSRP without handing and now my payment is even worse!
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