12-23-2015, 10:51 PM | #23 |
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You're absolutely right Stealth. I think that I paid $110k for the car new, and if I were to sell it privately for say $80k that would not be extreme depreciation. I have just never had the patience to deal with private party sales. For future reference what's the best way to list? eBay Motors, Auto Trader or some other way or all of the above?
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12-24-2015, 11:57 AM | #24 | |
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Ebay is pretty easy to list on, never done a car. Cars.com is easy to list on too... Personally I'd also try some of the bigger forums like e90post, bimmerfest that get a lot of traffic in the cars for sale threads... Maybe you'll bump into someone looking to step up. |
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12-24-2015, 05:13 PM | #26 |
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12-29-2015, 02:45 PM | #27 |
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this is what i got
I'm new here and wanted the community help. you guys are really great!!
i got this offer on 2015 M5. is it any good? Sticker price: $124,900 (car is loaded with almost everything) Selling price: $106,900 Cap reduction: $2,634 term: 36 months MF: 0.00131 Residual: .59 (this is 2015 model) down payment: $5,000 (includes fees, tax, first month and the additional cap reduction) MONTHLY PAYMENT: $1,100 (tax included) can i do better? PLEASE HELP!!! |
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12-29-2015, 03:36 PM | #28 | |
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01-16-2016, 10:15 AM | #31 | |
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MF (Money Factor) is basically the interest equivalent for a lease. You can take the factor and multiply it by 24 to get a raw APR factor. EG: .00131 x 24 is .03144. Move the decimal over 2 and you get 3.14%. So a lease with .00131 has about a 3.14% interest equivalent built into each payment. The residual is manufacturers estimated value at the end of the lease term based on years and mileage allowed. Its a percentage of the msrp of the car. So a 60% residual based 10k miles a year for 3 years(example only) on a 100k msrp car is 60,000. This is the buyout amount at the end of your term and the value used to determine the amount of depreciation one pays during the term. Lets say on that 100k msrp car, the agreed upon price is 100k and the term is 3 years at 10k miles per year. The 60% factor is used and the 100k agreed upon price minus the 60,000 divided by the term (36 months) gets you the depreciation payment. You then have to add in the interest equivalent monies to the depreciation payment plus any applicable monthly sales taxes. Some states are called "up front states" and the taxes are due up front based on the price of the car. To get this you take the agreed upon value of the car (aka Net Cap Cost) and add the residual to it, take that value and multiply against the MF to get the lease service charge. On the above example, the 100k is agreed upon and the residual is 60k so you take 160000 x .00131 and you get a service charge (monthly) of 209.60. Add this to your depreciation amount and you get the base payment in the lease. Taxes, Cap Cost reduction, state laws, all play a factor in monies owed up front so I just did a basic example. The residual is set by bank and the MF is credit dependent (tiers set by the banks) and subject to dealer markup (aka reserve). The dealer could get an approval from the bank for a .00131 money factory with the ability to mark it up 1 pt for interest profit paid up front at the time of the lease funding. This could effective make the customers MF .00231 or 5.54% vs the 3.14% that was equal to .00131. This money differential is the advanced to dealer up front via a split (usually 70%). This is all part of the internals but I can easily tell if someone is getting marked up if I have the residual, term, net cap, and base payment.
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01-16-2016, 11:54 AM | #32 | |
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http://f80.bimmerpost.com/forums/sho....php?t=1084623
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01-19-2016, 10:09 AM | #34 | ||
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Awesome. Thanks |
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01-23-2016, 03:24 PM | #35 | |
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I don't think anyones shocked. But its closing in on 30% after 1 year is pretty bad. If you're driving an AMG I'm guessing your'e beyond used to extreme depreciation lololol |
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01-23-2016, 06:12 PM | #36 | |
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i buy used. lol 2 years old is the sweet spot for these kinds of cars. |
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01-23-2016, 08:11 PM | #37 |
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03-07-2016, 11:48 AM | #38 | |
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03-07-2016, 06:46 PM | #39 |
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If I can recall for the M5 its 7% off MSRP, and my dealer gave me another 3k off that. I took delivery in 2012 when most were paying over MSRP. The ED prices are listed per vehicle. Google BMW ED prices it should come up. Oh yeah my car was late due to the oil pump recall and BMW sent me a check for 3k ...so my car ended up being negative invoice. I go to Europe for work so I did a long weekend which was perfect for me.
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03-08-2016, 02:21 PM | #40 |
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MSRP 118,595
selling price 108,748 60% Residual .00135 total due includes tax title first payment etc. 6350 plus 2000 rebates/credits 1228 payment ordered car Last edited by Greenwillie; 03-09-2016 at 09:47 AM.. |
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03-12-2016, 12:34 PM | #42 | |
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