Need Some Lease Advice, Please

duffman1966 · 08-30-2010, 09:42 PM

So, I'm about to pull the trigger on my third 3 Series BMW lease, but I still feel clueless throughout the entire process. Any advice would be helpful.

I can't seem to find the MF right now and don't know how to back it in from the totals. Residual is 57%. If significant, car would be white, m-sport, ipod, harmon kardon, heated seats, sirius.

The details:
2011 335i coupe msrp $49,625
Selling price (including free Tranny) 45,357.00
Doc Fee and DMV fees: $373.00
Tax: 2,727.36

Looking at a 36 month lease, 15k per year.
Gonna roll the taxes into the monthly, so I'm only putting down first payment and fees.

Quote is $718.05 per month.

Many thanks in advance.

bmrm396 · 08-31-2010, 12:15 AM

where the heck r u gettin residuals of 57% i was told 64% from the dealer yesterday ...

duffman1966 · 08-31-2010, 05:41 AM

my bad, that was from a possible 335is lease I was thinking of. Looks like current residual on the coupe for a 36 month lease is 61%.

dday · 08-31-2010, 12:38 PM

Does the selling price include the acquisition fee as well?
How do Maryland taxes work? Do you pay tax on the the payment or does the total tax number get broken out evenly over your payments?

Based on current MF and residual i'm coming up with a payment of $594 before tax and I'm factoring in a marked up acquisition fee of $925. if you pay tax on the payment (6%) that would put you at $629 if the $2727 is broken over 36 payments then you're at $669

Even if the dealer was bumping the MF to the max allowed I'm still getting less than you were quoted so something is missing in your totals. You need to find out Acquistion, dealer fee or anything else that's being added before I can figure out where the gap is.

SteveMD · 08-31-2010, 01:36 PM

You're on your third lease and you don't know how to lease? Oh dear.

The residuals for every BMW model are updated monthly here: http://bimmerfest.com/forums/showthread.php?t=475764

Make sure you understand that the residuals vary with mileage - look at the bottom.

Since you are in MD, you HAVE to pay the taxes on the full negotiated price of the car so either pay up front or roll them in but do not residualize them. I am attaching a spreadsheet - it's not the best - just something I hacked together many years ago but you can use it to get a good idea.

Change the .txt suffix to .xls for the file to work. Also the prices on Sheet 1 are 2009 numbers. Modify as you will.

duffman1966 · 08-31-2010, 06:42 PM

"Oh dear"

Do people really say that anymore?

Wasn't looking for criticism, just guidance.

SteveMD · 09-01-2010, 02:02 PM

Quote:

Originally Posted by duffman1966

"Oh dear"

Do people really say that anymore?

Wasn't looking for criticism, just guidance.

Sorry, blame it on my Britishness

Wasn't criticising.

Use the spreadsheet. It will help you out.

08-30-2010, 09:42 PM	#1
duffman1966 Enlisted Member 4 Rep 45 Posts Drives: 335i Join Date: Aug 2010 Location: Maryland iTrader: (0)	Need Some Lease Advice, Please So, I'm about to pull the trigger on my third 3 Series BMW lease, but I still feel clueless throughout the entire process. Any advice would be helpful. I can't seem to find the MF right now and don't know how to back it in from the totals. Residual is 57%. If significant, car would be white, m-sport, ipod, harmon kardon, heated seats, sirius. The details: 2011 335i coupe msrp $49,625 Selling price (including free Tranny) 45,357.00 Doc Fee and DMV fees: $373.00 Tax: 2,727.36 Looking at a 36 month lease, 15k per year. Gonna roll the taxes into the monthly, so I'm only putting down first payment and fees. Quote is $718.05 per month. Many thanks in advance.
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08-31-2010, 12:15 AM	#2
bmrm396 Lieutenant Colonel 643 Rep 1,717 Posts Drives: 2018 F80 M3cs Join Date: Sep 2008 Location: sD, CA iTrader: (2)	where the heck r u gettin residuals of 57% i was told 64% from the dealer yesterday ... __________________ Formerly addicted to e46fanatics Formerly addicted to e90post
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08-31-2010, 05:41 AM	#3
duffman1966 Enlisted Member 4 Rep 45 Posts Drives: 335i Join Date: Aug 2010 Location: Maryland iTrader: (0)	my bad, that was from a possible 335is lease I was thinking of. Looks like current residual on the coupe for a 36 month lease is 61%.
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08-31-2010, 12:38 PM	#4
dday Captain 35 Rep 856 Posts Drives: 2014 Alpine White 335 M-Sport Join Date: Jun 2010 Location: MA iTrader: (1)	Does the selling price include the acquisition fee as well? How do Maryland taxes work? Do you pay tax on the the payment or does the total tax number get broken out evenly over your payments? Based on current MF and residual i'm coming up with a payment of $594 before tax and I'm factoring in a marked up acquisition fee of $925. if you pay tax on the payment (6%) that would put you at $629 if the $2727 is broken over 36 payments then you're at $669 Even if the dealer was bumping the MF to the max allowed I'm still getting less than you were quoted so something is missing in your totals. You need to find out Acquistion, dealer fee or anything else that's being added before I can figure out where the gap is.
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08-31-2010, 06:42 PM	#6
duffman1966 Enlisted Member 4 Rep 45 Posts Drives: 335i Join Date: Aug 2010 Location: Maryland iTrader: (0)	"Oh dear" Do people really say that anymore? Wasn't looking for criticism, just guidance.
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