help me understand one pay lease

crvz · 09-01-2015, 02:05 PM

I live in Texas, and I'm looking at getting a 340i. I've built one out, and the dealer has given me an offer, but the numbers don't add up, or at least I don't know how to calculate them. This is my first foray into leasing, if I do it. I'm assuming they're increasing the money factor, or otherwise increasing my one-time payment. I have not yet gotten the money factor they're using, however, but assuming I have great credit what should it be on a one-pay? Here are the numbers.

MSRP - $52845
Selling price (including taxes/fees) - $49873.58
Residual - $32763.90 (62% of MSRP, which makes sens)
36M/10k one pay - $22014

When adding the residual to my one pay as the dealer has offered, I get $54777.90. Is that right? I feel like my one pay price should be around $18k.

dsad1 · 09-01-2015, 02:14 PM

You need to know what money factor they are offering you.

They should be lowering your mf by .0003.

In Texas you can also get your taxes waived when doing a single pay lease, but they are not able to use the sales support mf. They have to use the standard rates.

crvz · 09-01-2015, 02:45 PM

Quote:

Originally Posted by djsaad1

You need to know what money factor they are offering you.

They should be lowering your mf by .0003.

In Texas you can also get your taxes waived when doing a single pay lease, but they are not able to use the sales support mf. They have to use the standard rates.

The money factor they just reported was 0.0014. Is that where it should be? Or is that high?

dsad1 · 09-01-2015, 03:20 PM

Quote:

Originally Posted by crvz

The money factor they just reported was 0.0014. Is that where it should be? Or is that high?

They upped it, but that is normal in Texas. Base is 00130 minus 0003. Which makes it .001

What city are you in? It's not easy getting base rate in Texas, but it is possible if you annoy them enough.

By the way, not sure if you know this, but you get a better discount if you do a standard lease and give them full multiple security deposits. The deposits are refunded after the lease.

crvz · 09-01-2015, 04:16 PM

Im in the Houston area.

dsad1 · 09-01-2015, 05:58 PM

Quote:

Originally Posted by crvz

Im in the Houston area.

I would annoy them until they give it to you. Houston dealers usually give up on it faster than dallas or Austin dealers.

crvz · 09-02-2015, 03:45 PM

Quote:

Originally Posted by djsaad1

By the way, not sure if you know this, but you get a better discount if you do a standard lease and give them full multiple security deposits. The deposits are refunded after the lease.

I thought of another question. I know you get the better MF discount, but overall is this still a better deal in Texas with the sales tax relief on the one pay lease?

dsad1 · 09-02-2015, 03:51 PM

It depends on how much the taxes are. On your car I think the multiple security deposit will get you a better deal. But I am on my phone and can't calculate it out right now. This also all depends if they are starting out with base mf or not in each scenario.

The issue with the sales tax relief is that they can't use the sales support mf, which means your mf will most likely go up. Tell them to calculate it both ways to make sure which one is cheaper.

09-01-2015, 02:05 PM	#1
crvz Second Lieutenant 83 Rep 216 Posts Drives: '19 M2C, '21 F150 Tremor Join Date: Jul 2013 Location: texas iTrader: (0)	help me understand one pay lease I live in Texas, and I'm looking at getting a 340i. I've built one out, and the dealer has given me an offer, but the numbers don't add up, or at least I don't know how to calculate them. This is my first foray into leasing, if I do it. I'm assuming they're increasing the money factor, or otherwise increasing my one-time payment. I have not yet gotten the money factor they're using, however, but assuming I have great credit what should it be on a one-pay? Here are the numbers. MSRP - $52845 Selling price (including taxes/fees) - $49873.58 Residual - $32763.90 (62% of MSRP, which makes sens) 36M/10k one pay - $22014 When adding the residual to my one pay as the dealer has offered, I get $54777.90. Is that right? I feel like my one pay price should be around $18k.
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09-01-2015, 02:14 PM	#2
dsad1 Colonel 1212 Rep 2,404 Posts Drives: car Join Date: Sep 2012 Location: United States iTrader: (0)	You need to know what money factor they are offering you. They should be lowering your mf by .0003. In Texas you can also get your taxes waived when doing a single pay lease, but they are not able to use the sales support mf. They have to use the standard rates.
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09-01-2015, 04:16 PM	#5
crvz Second Lieutenant 83 Rep 216 Posts Drives: '19 M2C, '21 F150 Tremor Join Date: Jul 2013 Location: texas iTrader: (0)	Im in the Houston area.
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09-02-2015, 03:51 PM	#8
dsad1 Colonel 1212 Rep 2,404 Posts Drives: car Join Date: Sep 2012 Location: United States iTrader: (0)	It depends on how much the taxes are. On your car I think the multiple security deposit will get you a better deal. But I am on my phone and can't calculate it out right now. This also all depends if they are starting out with base mf or not in each scenario. The issue with the sales tax relief is that they can't use the sales support mf, which means your mf will most likely go up. Tell them to calculate it both ways to make sure which one is cheaper.
	Appreciate 0 Quote