01-23-2016, 04:48 PM | #1 |
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Current residuals/MF.
Hi, looking to lease a X1. I was quoted 0.00171 MF and 60% residual. Anyone know what the current numbers should be? The MF seems a bit high. Looking through the forum, it looks like the MF was as low as .0012X in the past.
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01-26-2016, 09:54 PM | #2 |
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0.00132 money factor and 60% residual on 3-year lease with 10,000 miles.
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01-30-2016, 03:41 PM | #3 |
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Is this after 7 security deposits? Or zero MSD?
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02-10-2016, 03:00 PM | #5 |
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Feb Res/MF
Wanted to confirm that the MF for FEB was 0.00132 & Residuals were 59% for 36M/12K & 65% for 24M/12K.
Also, any good deals in the SoCal/LA area? Looking to pick one up near the end of this month. |
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02-20-2016, 07:55 AM | #6 |
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Hi, I got my X1 for lease, and it's my first lease ever. Could someone please take a look at the numbers? There were no rebates/discounts, as it is a brand new model and just released. Deal is closed, so no way back, but if someone could explain to me how to read the numbers for future, so I could understand, I'd appreciate greatly. Also i'm considering buying out the car after lease, is it worth it or no? Thank you.
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02-20-2016, 09:06 AM | #7 |
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There are some small discounts available in the UK, I got almost 9% off
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02-20-2016, 10:05 PM | #8 | |
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02-22-2016, 11:38 AM | #9 |
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Curious what you guys think of this deal. I haven't gone into a dealership yet so I've just emailed a bunch of dealers with the build out of what i want. I'm trying to figure out how much more I can work down.
Offering 2016 X1 MSRP $41,995 Down: $5,000 Miles: $10,000 Monthly Payment: $398 + tax Assumptions: 60% Residual Asking about the MF. Question is how do I know I'm at a good deal? MSRP Discount: 7-9%? MF: 0.00132? Monthly Payment: My buddy got a 328i which MSRP'd at over $45k. He put $5k down and got his payment down to $360 (including tax). Am I not thinking about this apples to apples? I know residual has something to do here but it seems like a wide spread. |
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02-22-2016, 11:46 AM | #10 | |
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When leasing, its easy to think "how can i get the lowest monthly payment", but you should instead be shooting for getting the correct residual and MF without markup from the dealer and getting as close to invoice as possible. Invoice can be found by building out the car on edmunds. Just remember there is a training fee (i think its about $200) and acquisition fee of $995 thats not included in the edmunds price. |
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02-23-2016, 12:56 AM | #11 |
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(NB: this is the Australian market)
Interesting to read of US market lease experiences. In Australia, among many options, BMW Finance offers a "Full Circle" program, which provides lease or chattel mortgage financing with a guaranteed buy-back price as the residual. At the moment, the residual or guaranteed buy-back price is just under 50% of the car's list price on a 3 year/60,000 kilometre (36,000 mile) contract. This is the lowest guaranteed buy-back price I've seen for a BMW product for some time, suggesting they have low expectations of the car's resale value. To me, that means take care when negotiating any lease residual on this car, because you may be underwater at the end of the lease. I'm interested in other people's thoughts on resale values. It is a pretty crowded market, with competition from highly-spec'd Korean, Japanese and other Euro CUVs, so maybe the pessimism of BMW Finance in Australia is warranted.
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02-23-2016, 07:21 AM | #12 | |
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It might be that bmw australia thinks the car will sell so well that they dont need to subsidize the price. An example of this in the US is the M2 v. M3. The M3/4 sells well and holds value so has a high residual while the M2, although will hold value well gets a lower residual so it ends up almost the same cost to lease the two. For me, if residuals were only 50%, i would just buy the car and keep it a little longer. |
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02-23-2016, 04:19 PM | #13 |
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Thanks for this. So, what happens in the US at the end of the three years? Will BMW US trade-in your car on a new one at a value equivalent to the residual (i.e., 60% of the purchase price), or is it a lesser amount, leaving you underwater (i.e., having to payout an amount because the resale trade value is, for example, just 50% of the purchase price)?
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02-23-2016, 06:08 PM | #14 | |
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02-23-2016, 07:33 PM | #15 |
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Yes, it makes sense. Here, the BMW Full Circle program is the only one where you can just turn in the car. For a standard lease, you must also cover the residual, so if you cannot sell it for the residual amount, either privately or as a trade in to the dealer, you are liable for the difference, i.e., the "underwater" component, where the car's actual market value is less than the residual. Can lead to unhappiness!!
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02-23-2016, 07:56 PM | #16 | |
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02-23-2016, 08:58 PM | #17 |
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There are tax rules in certain circumstances which enable you to deduct the lease payments, whereas you can't do this if you are making loan repayments -- you can (at best) only get a deduction for the interest component. (It's more complicated that this, but you get the gist)
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03-04-2016, 12:21 AM | #19 | |
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I would also suggest to look for a '15 demo to get the cost down. I was shopping for F48 for my wife but instead got her a demo E84 X135 a few weeks ago since it was MUCH cheaper to get the demo. it was $375/mo incl CA tax, no cap cost reduction and max MSDs. MSRP $45k and $11k off. |
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09-10-2016, 08:35 PM | #20 |
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I just got quoted 37,995 MSRP, 36 months 10k miles zero down, $1005 total out of pocket, for $482 a month with tax, the dealer is telling me the discounted price is $34,995 but I can't see it unless BMW has horrible residuals. I got a MB C300 last year for $400 a month $42000 MSRP with $1800 out of pocket and 36 months, 12k miles. Is it true a 4k+ MB is that much cheaper to lease then a X1?
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