Quote:
Originally Posted by NikB316
I was just at JMK today for my first service. Example of a current deal they have with the new residuals.
MSRP just under $112k (everything except, night vision, ceramic & bo sound)
Payment: $899 / month for 36 months with $6k down (cap reduction)
Let's work backwards, $6000 divided by 36 = $166 per month
$899 + $166 = $1065 / month
You can lease this car for $1065 / month with taxes, registration, bank fee down. If you want to use MSD this will drop to $965.
Roll the taxes in and you are at $1140 per month ($1040 with MSD)! The misc fees are under $1500. Roll those in and you are at $1180 ($1080 with MSD) per month with just first month payment due!
Again, I'm just illustrating how the down payment doesn't effect the selling price which is ~$13k off msrp (couple grand below invoice). It is just used to make a very attractive monthly payment psychologically. Getting into an M5 for under $1k a month sounds great. It's just how you choose to do the numbers.
Anyone with more knowledge on leasing would understand and agree with this. I'm not trying to sound like an ass at all, but just what PvsNP wrote was definitely incorrect. The image showing the deal is a bit difficult to read on the fine print so perhaps that's where the confusion lies.
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Your math is backwards. You can't just take 5000 cap cost reduction, divide by 36 and add it back. You have to consider added interest as well and the MSD amount.
I had actually called to inquire about the 111,725 deal they had a while back and was quoted 1080/month, not 1065. There is also no way they will give that deal on a custom order.
Other people on the forum are getting the same deal on custom orders.
Your numbers are also not right, that is not 2-3k under invoice. When you factor in the 1.5k BMW incentive, you see that it's a few hundred over invoice.