10-18-2013, 06:04 AM | #1 |
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My F15 Lease Build and Payment Estimator
My current car's (Audi) lease is over in couple of months and I decided to lease a 2014 X5 xDrive35i. I did some calculations and wanted to share with everyone who might be looking for a X5 with similar build.
Build (MSRP): X5 xDrive35i: $55,100 Space Gray Metallic: $550 Cold Weather Package: $550 Driver Assistance Package: $1400 Driver Assistance Plus: $1900 ACC Stop & Go + Active Driving Assistant: $1200 Ivory White Interior Design Package: $1950 Lighting Package: $1900 Luxury Seating Package: $1350 M Sport Line: $4600 Premium Package: $2700 Rear Manual Side Window Shade: $250 B & O Sound System: $4500 Destination/Handling: $925 Total MSRP (per BMWUSA.com): $78,875 Invoice Price of Same Build (per carprices.com): $72,410 Lease Info: Term: 36 mo. MF: 0.00125 Resid. Values: 61% @ 10k - $48,113.75; 60% @ 12k - $47,325.00; 58% 15k - $45,747.50 Reg. + Title fee: @ $78,875 - $632; @ $72,410 - $590 Tax: 8% Incentives & Rebates: $0 Cash Down: $0 to $5000 Acquisition Fee: $825 Monthly Payments with Invoice Price + $5000 Down: 10k miles - $785 12k miles - $807 15k miles - $864 Monthly Payments with Invoice Price + $0 Down: 10k miles - $942 12k miles - $965 15k miles - $1022 Monthly Payments with MSRP Price + $5000 Down: 10k miles - $990 12k miles - $1013 15k miles - $1070 Monthly Payments with MSRP Price + $0 Down: 10k miles - $1148 12k miles - $1171 15k miles - $1227 Estimates via Edmunds.com Lease Calculator. Of course, my goal will be to get Invoice price. Weather I'll put $5000 down or fraction of that, I haven't yet decided. I guess that depends on the final vehicle price. This just lets me know what my maximum and minimum payments will be, and where on this scale I want to shoot for or end up. I live in SoCal., and I try to include as many fees as I can, but of course I can't find them all, and some are estimates. Also, taxes might differ based on where you live. I got the Tax and Registration fee from dmv.ca.gov, as well as Title fee ($19). Dealer Documentation Fee is capped at $80 in California, but I forgot to include that. No biggie...it's only $80. Hope this helps. I was wondering, is there a SoCal (LA, OC, IE area) BMW dealer contact/sponsor on this forum that can work with me to get my X5? Do you know anyone you can refer me to? I've seen some who got invoice to $500 - $900 over invoice on F15 and didn't pay MSRP. That would be much appreciated. Please PM me. Thanks! Z. Last edited by Zipforia; 10-18-2013 at 07:11 PM.. |
10-18-2013, 10:45 AM | #3 |
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Try Greg Poland at Pacific BMW, he gave me a very good quote for a new X5. Good luck!
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10-18-2013, 12:59 PM | #4 |
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nwshore:
This is where I got the MF info: |
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10-18-2013, 02:08 PM | #6 |
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10-18-2013, 06:33 PM | #9 |
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Well, you should make it non-negotiable. Why should the dealer take a mark up on what you are paying to BMW finance? Every lease I've ever done the dealers have always started off trying to play games with the money factor, but eventually I have always found at least one local dealer who was willing to stick with just the exact MF from the finance arm. And in any event the residual value is NEVER negotiable; that is always whatever the finance arm says it is.
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10-18-2013, 07:48 PM | #11 | |
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A MF of 0.00165 equals an interest rate of 3.96%. The extra 0.96% (3.96 - 3) is gross profit for the dealer, resulting in extra commissions for the sales rep, sales manager, and finance person. |
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10-18-2013, 09:29 PM | #12 | |
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10-19-2013, 12:58 AM | #13 |
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Don't ask, demand! Again, there is no logical reason why the dealer should make money on what you are paying BMW's finance arm. The dealer does no work and has no costs on that part of the deal. It's like the dealer trying to earn a profit on whatever you pay a bank if you finance the car with a loan from a bank. BMW Credit is just a bank.
Meanwhile though, contrary to what MKDFW seems to be saying, you have absolutely zero chance of negotiating the MF down below what BMW Credit charges. Again because BMW Credit is independent of the dealer, and the dealer has no power to negotiate on their behalf to give you a lower MF than what BMW Credit charge. The only way you might get a lower MF is if you could finance the lease on your own through a separate bank or leasing company, but BMW's rates are almost always lower than any other source. |
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10-19-2013, 01:58 AM | #14 |
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Well...I ordered my F15 today. I didn't have to get the ACC Stop & Go + Active Driving Assistant because all I wanted from that package was Active Blind Spot Detection and Surround View...which I found out was already included in Driver Assistance Package. BMW has a poor package explanations. So that saved me over $1000. The GM I spoke to said he'll give me a lower acquisition fee (something in the high $700...so not by much), and $1000 over invoice price. However, if I can get my brother-in-law (who has had multiple BMWs) to switch one of his mail to my house (donno if this is going to work), then the GM said we can even apply the Loyalty Incentive. If that's the case, then I'm getting it at Invoice.
I called couple of other dealers nearby prior to going to this dealer, and spoke to the Internet/Fleet Managers....all of them said these cars are selling MSRP or over....BULL SH1T!!! If you live in SoCal (Esp. IE), and in the market for any BMW, I'll refer you. Just PM me. Z. |
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10-19-2013, 09:30 AM | #15 | |
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