[EDDYFIG]

Originally Posted by AGS

I put the following into my lease calculator:
MSRP: $118,000
Selling Price: $109,750
Residual: 60%
Sales Tax Rate: 6.4% ($7,000/$109,750)

I'm getting a payment of $1,470 at the MF buy rate of .00166 (3.98%). To get to a payment of $1,691, the MF has to be marked-up to .00281 (6.745%). Over the life of the lease they're making about $7,955 of the $8,250 discount back. Not a good deal at all in my opinion if my calculations are correct.

You can only mark up the rate .00040 points

[AGS]

Originally Posted by EDDYFIG

You can only mark up the rate .00040 points

The payment makes no sense then. What other variable could be causing the payment to be so high? Dealers can't adjust the residual. At a MF of .00206 (marked up .0004) the payment would be about $1,547.

[josec70]

Originally Posted by AGS

The payment makes no sense then. What other variable could be causing the payment to be so high? Dealers can't adjust the residual. At a MF of .00206 (marked up .0004) the payment would be about $1,547.

I got the same $1,470 payment you did. It's probably a combination of MF with something else they've thrown into the price of the car.

I think the discount is decent but there's something we're missing here.

[EDDYFIG]

Originally Posted by AGS

The payment makes no sense then. What other variable could be causing the payment to be so high? Dealers can't adjust the residual. At a MF of .00206 (marked up .0004) the payment would be about $1,547.

Car prob has a ton of accessories that are marked up. Residuals cannot be adjusted. Something doesn't sound right with the calculations.

$1547 plus tax ?

[AGS]

Originally Posted by EDDYFIG

Car prob has a ton of accessories that are marked up. Residuals cannot be adjusted. Something doesn't sound right with the calculations.

$1547 plus tax ?

Nope, my number includes tax. I agree, something's not right.

dardeca, you should ask them to walk you through all the details of the lease calculation.

[josec70]

Originally Posted by AGS

Nope, my number includes tax. I agree, something's not right.

dardeca, you should ask them to walk you through all the details of the lease calculation.

^^^this^^^

[dardeca]

Originally Posted by EDDYFIG

You can only mark up the rate .00040 points

Dealer confirmed they are marking up the MF by .00040. Said they are discounting the MSRP to where there is $0 dealer profit, so the only profit is on the MF rate. That monthly rate of $1691 includes no money down (other than first months payment)...and also includes the sales tax in Texas of 6.25% Dealer said if they remove the .00040 MF markup, the monthly rate goes down by $75/month.

[felixleasing]

Originally Posted by dardeca

I was just quoted this on a 18:

MSRP: $118k
Discount: $8,250
36/12k
Tax: $7k

Monthly payment: $1,691

Thoughts on whether that is a good deal? The discount amount seems solid. But based on the monthly payment amount is the dealer marking up the MF?

Terrible deal, I can get it into the 1400s

[dardeca]

Originally Posted by felixleasing

Terrible deal, I can get it into the 1400s

PM sent.

[windtendo]

The big kicker you mentioned is paying sales tax on the entire vehicle price. Most states will only deal with paying the leased amount...

[shellbmb]

Originally Posted by windtendo

The big kicker you mentioned is paying sales tax on the entire vehicle price. Most states will only deal with paying the leased amount...

Yep, that's leasing in Texas. And then if you buy it at the end of the lease? You get taxed again. BMW offers something called "owner's choice" to help mitigate that, but I have not researched it.

[ksoze]

Originally Posted by shellbmb

Yep, that's leasing in Texas. And then if you buy it at the end of the lease? You get taxed again.

And Maryland....

[dardeca]

Originally Posted by shellbmb

Yep, that's leasing in Texas. And then if you buy it at the end of the lease? You get taxed again. BMW offers something called "owner's choice" to help mitigate that, but I have not researched it.

If memory serves, you pay 1 big upfront lease payment at time of delivery (as opposed to monthly payments over the life of the lease)...and when doing so, BMW covers that sales tax on the lease.

[EDDYFIG]

Originally Posted by felixleasing

Terrible deal, I can get it into the 1400s

Which dealer ? Outside of Florida I would assume

[Enzo_E60]

Originally Posted by felixleasing

M/f is 0.00166 residual is 48% no rebates

If you may, please contact me I am interested in an 18 or 19 m5 depending on the deal I’m getting. 347 712 7237

[x5man]

Give Felix a call. Just bought a car with him - got a very sweet deal for $1300/mo ($3500 first payment, 114k msrp, 36m/10k).

Highly recommend him!

[VirtualMayhem]

Originally Posted by x5man

Give Felix a call. Just bought a car with him - got a very sweet deal for $1300/mo ($3500 first payment, 114k msrp, 36m/10k).

Highly recommend him!

On a 2019 Comp or Non-Comp?

[felixleasing]

Originally Posted by VirtualMayhem

On a 2019 Comp or Non-Comp?

It was a 2018

Due to residuals the 19s aren't pricing well