02-29-2024, 04:21 PM | #1 |
2023 M340i RIP :(
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Is this a good deal?
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? |
02-29-2024, 08:53 PM | #2 |
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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.
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03-01-2024, 01:15 PM | #5 | |
2023 M340i RIP :(
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03-01-2024, 01:27 PM | #6 |
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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.
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03-01-2024, 01:38 PM | #7 | |
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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? |
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03-01-2024, 01:48 PM | #8 | |
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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.
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03-01-2024, 01:56 PM | #9 | |
2023 M340i RIP :(
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03-01-2024, 02:01 PM | #10 |
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Yes, can’t tell a thing from those numbers.
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03-01-2024, 05:18 PM | #12 |
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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.
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03-01-2024, 05:31 PM | #13 | |
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With your knowledge and non biased opinion, take the deal? 0 msd. should i get msd? |
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03-01-2024, 05:47 PM | #14 | |
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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.
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03-01-2024, 05:49 PM | #15 | |
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03-01-2024, 05:51 PM | #16 |
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That seems like too much of a drop but I guess that could be the case. Did they send you final numbers on that?
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03-01-2024, 05:54 PM | #17 |
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03-01-2024, 05:59 PM | #18 | |
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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.
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03-01-2024, 07:58 PM | #19 | |
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03-01-2024, 08:03 PM | #20 |
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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.
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03-01-2024, 11:43 PM | #21 |
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Jesus, leases on these current M340i are encroaching on M3 pricing territory from when I signed my lease...
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03-02-2024, 08:34 AM | #22 |
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