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      04-17-2015, 03:17 PM   #1
Matts435coupe
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Opionion on my deal

I haven't pulled the trigger yet.

MSRP is $50,010 on an M235 6mt

Lease price is 628.00 tax in sign and drive. I am not giving them a dime up front, not even first months payment. 10k miles 36 months.

I am curious if I am doing well. Seems pretty solid
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      04-17-2015, 03:39 PM   #2
bimmercar
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Quote:
Originally Posted by Matts435coupe
I haven't pulled the trigger yet.

MSRP is $50,010 on an M235 6mt

Lease price is 628.00 tax in sign and drive. I am not giving them a dime up front, not even first months payment. 10k miles 36 months.

I am curious if I am doing well. Seems pretty solid
seems pretty good, around 700 in profit over invoice for dealer. invoice price should be around $610/mo with no downpayment
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      04-17-2015, 03:44 PM   #3
Matts435coupe
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Quote:
Originally Posted by bimmercar View Post
seems pretty good, around 700 in profit over invoice for dealer. invoice price should be around $610/mo with no downpayment
When you say no down payment, are you referring to nothing out of pocket? I am not even giving them the first payment. Giving them $0
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      04-17-2015, 03:46 PM   #4
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Quote:
Originally Posted by Matts435coupe
Quote:
Originally Posted by bimmercar View Post
seems pretty good, around 700 in profit over invoice for dealer. invoice price should be around $610/mo with no downpayment
When you say no down payment, are you referring to nothing out of pocket? I am not even giving them the first payment. Giving them $0
do you mean first month's payment is waived? invoice price would be, assuming 8.1% sales tax, roughly $610/mo, with $610 due at signing(first month's lease payment)
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      04-17-2015, 03:55 PM   #5
Matts435coupe
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Quote:
Originally Posted by bimmercar View Post
do you mean first month's payment is waived? invoice price would be, assuming 8.1% sales tax, roughly $610/mo, with $610 due at signing(first month's lease payment)
first month is rolled into the payment. I am literally giving them nothing. My sales tax is 6%
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      04-17-2015, 04:12 PM   #6
bimmercar
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Quote:
Originally Posted by Matts435coupe
Quote:
Originally Posted by bimmercar View Post
do you mean first month's payment is waived? invoice price would be, assuming 8.1% sales tax, roughly $610/mo, with $610 due at signing(first month's lease payment)
first month is rolled into the payment. I am literally giving them nothing. My sales tax is 6%
i see... okay, i dont know how to calculate 1st month payment rolled into lease, but here is my rough calculation with 6% tax at invoice with 1st mo payment
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      04-17-2015, 05:34 PM   #7
Matts435coupe
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Originally Posted by bimmercar View Post
i see... okay, i dont know how to calculate 1st month payment rolled into lease, but here is my rough calculation with 6% tax at invoice with 1st mo payment
What about the $1000+ in fees. Is that factored into that lease payment or is that up front money?
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      04-17-2015, 05:38 PM   #8
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Quote:
Originally Posted by Matts435coupe
Quote:
Originally Posted by bimmercar View Post
i see... okay, i dont know how to calculate 1st month payment rolled into lease, but here is my rough calculation with 6% tax at invoice with 1st mo payment
What about the $1000+ in fees. Is that factored into that lease payment or is that up front money?
$795 acquisition fee, standard lease fee
$175 dmv fees
$75 doc fee, i estimated the dmv and doc fee. total is $1045, this is rolled into the leased calculation and taxed(except dmv fees)
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      04-17-2015, 05:40 PM   #9
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only payment in that $592 calculation is the 1st month payment, no fees upfront
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