Lease calculation not computing

jttaglia · 02-28-2008, 10:29 PM

I'm looking to lease a new 335i coupe via ED. These are the numbers that dealer has quoted me. Everytime I run the numbers through a lease calculator the payment doesn't match his (I come up with less). Can someone break this down for me?

Months- 24
Miles- 15,000
Residual- 71%
Tax- 3%
Money Factor- .00210
Acquisition Fee- $625
Tag & Title- I'll pay out of pocket

MSRP: $51,875
Invoice: $45,105
Sales Price: $45,605
Doc Fee: $499

$2400 down ($625 acq fee + $499 doc fee + $600 security deposity + first payment + a couple of dollars to provide a nice round number)

$595.17 a month

Thanks in advance for your help!

200Duece · 02-28-2008, 10:32 PM

How much diff are U?

200Duece · 02-28-2008, 10:34 PM

And what's the 499 doc fee?

jeveryday · 03-03-2008, 05:12 PM

Just curious, what opts did you get?

jttaglia · 03-03-2008, 06:39 PM

Quote:

Originally Posted by jeveryday

Just curious, what opts did you get?

Exterior Color Tsilver
205
Transmission: 6-Speed STEPTRONIC Automatic

ZSP
Sport Package
ZCW
Cold Weather Package
ZPP
Premium Package
2XA
Paddle Shifters
415
Power Rear Sunshade
322
Comfort Access
507
Park Distance Control
653
High Definition Radio
6FL
iPod/USB Adapter
On-Board Navigation System

jttaglia · 03-03-2008, 06:41 PM

Quote:

Originally Posted by 200Duece

And what's the 499 doc fee?

It's a dealer fee, a bogus fee in my opinion this dealer is charging to fill out the paperwork.

jttaglia · 03-03-2008, 06:49 PM

Dealer emailed me today and said the rates went up with BMWFS and its going to cost me $50 more a month and I have to come up with another $500 at signing. He gave me this new info:
=============================================
Months- 24
Miles- 15,000
Residual- 69%
Tax- 3%
Money Factor- .00225 (with beacon score of 740+) or .00230 (regardless of beacon score)
Acquisition Fee- $625

MSRP: $51,875
Invoice: $45,105
Sales Price: $45,605
Doc Fee: $499

$2500 down (I’m figuring $625 acquisition fee + $499 doc fee + $650 security deposit + first payment + a couple of dollars to provide a nice round number)

$648.78 a month
Includes a fully refundable $650 security deposit…
================================================== ==

I haven't confirmed any of the numbers yet but I'm not happy with the increases.

livnlegacy · 03-03-2008, 06:56 PM

yeah, uh.....try a different dealer?

jttaglia · 03-03-2008, 07:18 PM

Quote:

Originally Posted by livnlegacy

yeah, uh.....try a different dealer?

That's what I'm thinking too.

AndrewAZ · 03-25-2008, 11:30 AM

Dealers can add up to .0004 into the MF.. So they are probably doing this.. The MF rates you see posted on this site are buy rates and the dealer would make nothing off it.. Usually you can get them to to split their add on in half which can lower your payments sometimes around $40-60 a month.

02-28-2008, 10:29 PM	#1
jttaglia New Member 1 Rep 13 Posts Drives: BMW Join Date: Jan 2008 Location: North Carolina iTrader: (0)	Lease calculation not computing I'm looking to lease a new 335i coupe via ED. These are the numbers that dealer has quoted me. Everytime I run the numbers through a lease calculator the payment doesn't match his (I come up with less). Can someone break this down for me? Months- 24 Miles- 15,000 Residual- 71% Tax- 3% Money Factor- .00210 Acquisition Fee- $625 Tag & Title- I'll pay out of pocket MSRP: $51,875 Invoice: $45,105 Sales Price: $45,605 Doc Fee: $499 $2400 down ($625 acq fee + $499 doc fee + $600 security deposity + first payment + a couple of dollars to provide a nice round number) $595.17 a month Thanks in advance for your help!
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02-28-2008, 10:32 PM	#2
200Duece Colonel 45 Rep 2,575 Posts Drives: '73 2002,'18 X5 35d,'17 328d T Join Date: Jan 2007 Location: A Whale's Vagina, Ca iTrader: (5)	How much diff are U?
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02-28-2008, 10:34 PM	#3
200Duece Colonel 45 Rep 2,575 Posts Drives: '73 2002,'18 X5 35d,'17 328d T Join Date: Jan 2007 Location: A Whale's Vagina, Ca iTrader: (5)	And what's the 499 doc fee?
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03-03-2008, 05:12 PM	#4
jeveryday Colonel 80 Rep 2,335 Posts Drives: 2012 535i xDrive Join Date: Oct 2007 Location: Long Island, New York iTrader: (6)	Just curious, what opts did you get?
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03-03-2008, 06:49 PM	#7
jttaglia New Member 1 Rep 13 Posts Drives: BMW Join Date: Jan 2008 Location: North Carolina iTrader: (0)	Dealer emailed me today and said the rates went up with BMWFS and its going to cost me $50 more a month and I have to come up with another $500 at signing. He gave me this new info: ============================================= Months- 24 Miles- 15,000 Residual- 69% Tax- 3% Money Factor- .00225 (with beacon score of 740+) or .00230 (regardless of beacon score) Acquisition Fee- $625 MSRP: $51,875 Invoice: $45,105 Sales Price: $45,605 Doc Fee: $499 $2500 down (I’m figuring $625 acquisition fee + $499 doc fee + $650 security deposit + first payment + a couple of dollars to provide a nice round number) $648.78 a month Includes a fully refundable $650 security deposit… ================================================== == I haven't confirmed any of the numbers yet but I'm not happy with the increases.
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03-03-2008, 06:56 PM	#8
livnlegacy Original Member 14 Rep 560 Posts Drives: Alpine E36 M3, 02 325iT Join Date: Sep 2007 Location: Austin, TX iTrader: (6) Garage List o7 E90 335i [0.00]	yeah, uh.....try a different dealer?
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03-25-2008, 11:30 AM	#10
AndrewAZ Major 137 Rep 1,243 Posts Drives: 335i Join Date: Jan 2007 Location: CA iTrader: (0)	Dealers can add up to .0004 into the MF.. So they are probably doing this.. The MF rates you see posted on this site are buy rates and the dealer would make nothing off it.. Usually you can get them to to split their add on in half which can lower your payments sometimes around $40-60 a month.
	Appreciate 0 Quote