04-09-2014, 10:37 PM | #1 | ||
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Ordering M235i....Numbers advice
I got a dealership giving me these numbers on a new BMW M235i,
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Thanks very much in advance for any comments. Javi |
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04-10-2014, 02:04 AM | #3 |
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Its definitely expensive. There are lease calculators available around the Net, I recommend you get one to run the numbers, which should be:
Residual - 36mo/10k miles - 63% Money Factor - .0013 / 3.12% My MSRP - 51,600 I got 1000 off, so Cap Cost 50,600. Monthly Payments ($0 down, only fees paid) - $656 incl. NJ tax. My dealer/SA worked out and agreed all numbers with me on the phone. They way it should be done. |
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04-10-2014, 08:04 AM | #4 |
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It seems high, but without knowing some more information it is hard to tell. To calculate what the payment should be we need (and I'll probably forget something):
- state of residence (a few states tax you on the total price of the car, not just the lease payment) - tax rate (can vary within a state depending on local taxes) - negotiated price for the car (including all fees) - length of lease (we are assuming 36 months) |
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04-10-2014, 08:29 AM | #5 |
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Good colour combo. Nearly the same as mine.
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Current car.M240i. Previous.MINI JCW. E92 325i. 435d M235i.M135i. 635d Coupe, E92 M3 manual, E92 M3 DCT Competition Pack. E92 335i, Porsche Cayman S Gen2, 135i Coupe. E92 320d, MK5 R32. MK5 Golf GTi,MK5 Golf GT-TDI,E46 318Ci. |
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04-10-2014, 10:06 AM | #6 |
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I ordered the same exact car without Cold weather and Alarm and my payment with 7MSD and ED comes under $500 with taxes. Probably Texas need to pay entire sales tax up front on a lease?
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CurrentNone! RETIRED [15' GLA250][14' M235i F22 AW-ED 06/16/14][12' 335i F30 AW-ED 05/01/11 PCD 07/01/11] [11' M3 E93 MW-ED 08/13/09 PCD 10/14/09] [09' 135i E82 AW] [07' 335i E90 SB]
[ED Photo 12'] [ED Photo 11'] [ED Photo 09'] [PCD Photo 09'] |
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04-10-2014, 10:31 AM | #7 |
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In Texas the sales tax is 6.25%. The dealership didn't mention exact numbers on the cost of the vehicle but he did said that it was $52K+.
The price WMO168 receive is what I'm shooting for,not freaking $700. |
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04-10-2014, 01:02 PM | #8 | |
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Drives: 2014 BMW M235i
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Quote:
$48,500 Sales price With nothing at all down except for initial month and tags ($750ish) the monthly payment would be $691ish (Including the 6.25% tax on the sales price rolled in) With $4,000 down: $574ish If the car is actually $52,000 then you could expect to get it for around $49k-50k and that payment would be $709ish (Including the 6.25% tax on the sales price rolled in) With $4,000 down: $592ish So yeah, walk away or make them behave!
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04-10-2014, 03:20 PM | #10 |
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My best advice would be to read the deals thread here, look at the posts about leasing and learn the numbers yourself. If you know the numbers yourself, you can go in to the dealer with your phone and a leasing app, knowing you should be getting the right money factor, residual, security deposits (if required), and monthly payment based on what you put down and how you apply it. When I started reading that thread, I had no idea what was going on, but I went in to the dealership with full knowledge and you should too.
If you can't do that, hell, talk to an accountant and say you'll pay them a couple hundred dollars to come with you and make sure you get the deal you deserve based on our testimony here. Paying $50k+ for a vehicle, a couple hundred dollars to help you save thousands is nothing to scoff at. |
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04-12-2014, 05:09 PM | #11 |
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Hi Guys,
Can you guys provide feedback on these numbers I receive. Another thing, Do you guys know anything about the "Balloon Option" the dealership listed in there. Thanks in advance for you guys inputs. Javi |
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04-16-2014, 08:12 AM | #12 |
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Walk away, they are only giving you $850 discount.
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CurrentNone! RETIRED [15' GLA250][14' M235i F22 AW-ED 06/16/14][12' 335i F30 AW-ED 05/01/11 PCD 07/01/11] [11' M3 E93 MW-ED 08/13/09 PCD 10/14/09] [09' 135i E82 AW] [07' 335i E90 SB]
[ED Photo 12'] [ED Photo 11'] [ED Photo 09'] [PCD Photo 09'] |
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