[falcon1411]

24 M340 X drive.

MSRP $66,570
-6400 rebates, discount, loyalty etc
residual $37,279
$2000 DAS
36/12k.

$921/month max msd, $969 no msd. including tax, interest.

that do you guys think?

[metrixBMW]

MSRP - Rebates should give you your cap cost of $60,170 - Residual = $22,891 which should be the cost of your lease / 36 months = $635 + interest, etc. so why is your monthly $921? Am I missing something here?

Have you checked out https://leasehackr.com/? Great resource for leasing.

[drexplode]

need your money factor. buy-it rate should be .00210 if i'm not mistaken for M340i.

[falcon1411]

mf 0.00210

[falcon1411]

Originally Posted by metrixBMW

MSRP - Rebates should give you your cap cost of $60,170 - Residual = $22,891 which should be the cost of your lease / 36 months = $635 + interest, etc. so why is your monthly $921? Am I missing something here?

Have you checked out https://leasehackr.com/? Great resource for leasing.

If i did the calculations right, $300 in interest and tax. no?

[TurtleBoy]

Originally Posted by falcon1411

If i did the calculations right, $300 in interest and tax. no?

What is your tax rate? The pre-tax payment on that (assuming your are going to use a cap cost of 60,170 and pay other fees/taxes at signing) is 840.50. My guess is that they are rolling other fees/add ons into the car cost unless you have a very high tax rate 13% to more.

[falcon1411]

Originally Posted by TurtleBoy

What is your tax rate? The pre-tax payment on that (assuming your are going to use a cap cost of 60,170 and pay other fees/taxes at signing) is 840.50. My guess is that they are rolling other fees/add ons into the car cost unless you have a very high tax rate 13% to more.

My tax rate (Los Angeles) is 10.25%. after I get the car will change it to Riverside, to get 7.75%.

I will get the esign docs later today, will see what fees are in it. but for now, adjusted cap cost is $62,536.66 after discounts + fees. $2000 DAS, including 1st month payment.

Do these numbers seem like a fair/good deal?

[TurtleBoy]

Originally Posted by falcon1411

My tax rate (Los Angeles) is 10.25%. after I get the car will change it to Riverside, to get 7.75%.

I will get the esign docs later today, will see what fees are in it. but for now, adjusted cap cost is $62,536.66 after discounts + fees. $2000 DAS, including 1st month payment.

Do these numbers seem like a fair/good deal?

Can't tell from the numbers you gave. In my opinion whether or not a deal is good depends on three things, what discount are you getting compared to the local market, are there are add ons or extra fees and are you getting base rate financing.

Since you lumped rebates, incentives and discount together it is tough to tell. Look at what your dealer discount is and how it compares to recent deals in your area.

You will have to look at the details to see if there are any add-ons/extra fees.

Looks like you are getting base MF so you are good there.

Looking at those numbers my guess is that your adj cap cost will be about $1k less and they will use the difference between the $2k and the first months payment as a reduction.

I would suggest paying the fees/initial taxes up front as well as the first payment. That will make your monthly payment $926.65 before you apply the reduction for MSDs which would result in a 896.58 payment.

[falcon1411]

Originally Posted by TurtleBoy

Can't tell from the numbers you gave. In my opinion whether or not a deal is good depends on three things, what discount are you getting compared to the local market, are there are add ons or extra fees and are you getting base rate financing.

Since you lumped rebates, incentives and discount together it is tough to tell. Look at what your dealer discount is and how it compares to recent deals in your area.

You will have to look at the details to see if there are any add-ons/extra fees.

Looks like you are getting base MF so you are good there.

Looking at those numbers my guess is that your adj cap cost will be about $1k less and they will use the difference between the $2k and the first months payment as a reduction.

I would suggest paying the fees/initial taxes up front as well as the first payment. That will make your monthly payment $926.65 before you apply the reduction for MSDs which would result in a 896.58 payment.

$921 is with max msd. $969 without.

[TurtleBoy]

Originally Posted by falcon1411

$921 is with max msd. $969 without.

Yes, can’t tell a thing from those numbers.

[falcon1411]

+$450 for shipping

[TurtleBoy]

Looks like you are getting a little over 5% for the dealer discount. I don't follow the 3 series as closely as others but that seems to be pretty decent for your area. There are no add ons and the fees seem reasonable. As I'm sure you have seen, that is not using MSDs.

I would say you did pretty well.

[falcon1411]

Originally Posted by TurtleBoy

Looks like you are getting a little over 5% for the dealer discount. I don't follow the 3 series as closely as others but that seems to be pretty decent for your area. There are no add ons and the fees seem reasonable. As I'm sure you have seen, that is not using MSDs.

I would say you did pretty well.

It was the broker who did all the haggling i'd say. He said cant get a penny less.

With your knowledge and non biased opinion, take the deal?

0 msd. should i get msd?

[TurtleBoy]

Originally Posted by falcon1411

It was the broker who did all the haggling i'd say. He said cant get a penny less.

With your knowledge and non biased opinion, take the deal?

0 msd. should i get msd?

From a financial point of view I would say it is a deal to take. Whether or not you like the vehicle, are comfortable with the payment, etc. is something for you to decide.

As far as the MSDs are concerned that really will depend on what you are doing with the money now and what type of return you are getting. I did some quick calcautions so they aren't exact but using 7 MSDs will drop your payment to about $946 a month. That means your MSD amount would be $6,650. Your drop in payment would result in a savings of about $25 a month or $300 a year. That would mean about a 4.5% return on the money.

[falcon1411]

Originally Posted by TurtleBoy

From a financial point of view I would say it is a deal to take. Whether or not you like the vehicle, are comfortable with the payment, etc. is something for you to decide.

As far as the MSDs are concerned that really will depend on what you are doing with the money now and what type of return you are getting. I did some quick cal cautions so they aren't exact but using 7 MSDs will drop your payment to about $946 a month. That means you MSD amount would be 6650. You drop in payment would result in a savings of about $25 a month or $300 a year. That would mean about a 4.5% return on the money.

MSD will drop payment to $923. roughly 48$ a month. about $1700 in rent savings or 25% return over 3 years.

[TurtleBoy]

Originally Posted by falcon1411

MSD will drop payment to $923. roughly 48$ a month. about $1700 in rent savings or 25% return over 3 years.

That seems like too much of a drop but I guess that could be the case. Did they send you final numbers on that?

[falcon1411]

Originally Posted by TurtleBoy

That seems like too much of a drop but I guess that could be the case. Did they send you final numbers on that?

They quoted me earlier; 969 w/o msd, $921 with. $6300 for max msd.

[TurtleBoy]

Originally Posted by falcon1411

They quoted me earlier; 969 w/o msd, $921 with. $6300 for max msd.

I didn't mean that quote, I meant a lease contract. The MSD amount is too low, should be 7 times the payment amount rounded up to the nearest $50. $950 x 6 = $6,650.

Edit: I was using an old MSD reduction amount in my spreadsheet. It looks like the 2023 figure of .00006 is carrying forward so that would result in that lower payment.

[falcon1411]

Originally Posted by TurtleBoy

I didn't mean that quote, I meant a lease contract. The MSD amount is too low, should be 7 times the payment amount rounded up to the nearest $50. $950 x 6 = $6,650.

Edit: I was using an old MSD reduction amount in my spreadsheet. It looks like the 2023 figure of .00006 is carrying forward so that would result in that lower payment.

$7k for max msd, new payment $924. taking it.

[TurtleBoy]

Originally Posted by falcon1411

$7k for max msd, new payment $924. taking it.

They should double check their MSD calculation. Looks like they are basing it on the old payment and not the new. Here are the rules from a few years ago.

[PrezRoosevelt]

Jesus, leases on these current M340i are encroaching on M3 pricing territory from when I signed my lease...

[falcon1411]

Originally Posted by PrezRoosevelt

Jesus, leases on these current M340i are encroaching on M3 pricing territory from when I signed my lease...

Imagine the M3 leases now