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      09-10-2014, 10:42 AM   #1
Eric
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2014 Residuals

Working a possible deal on a leftover 2014.

MSRP 115225

Currently at 106k. I wont buy at this price. I want to be closer to 100k.

Does anyone have the current September residuals for leftover 2014s?

Thanks
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      09-10-2014, 11:30 AM   #2
Eric
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Also - silly question. Is the residual price based on MSRP or Negotiated price?

ex - Residual of 62%

100k MSRP
90K Negotiated Price

Is residual value $62k or $55.8k?

Sorry for the dumb question. Im finding directly contradictory info on the net.
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      09-10-2014, 11:49 AM   #3
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Quote:
Originally Posted by Eric View Post
Also - silly question. Is the residual price based on MSRP or Negotiated price?

ex - Residual of 62%

100k MSRP
90K Negotiated Price

Is residual value $62k or $55.8k?

Sorry for the dumb question. Im finding directly contradictory info on the net.
Residual is based on MSRP! in your case it's $62K
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      09-10-2014, 12:13 PM   #4
Eric
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How about this deal (Completely different car and this is a 2015 Euro Delivery):

MSRP $99,550
Sale Price $86,045
MF 0.0013
Residual .62
36 months
Tax rate 6.875%

Was quoted $1048 by Dave.

Im coming up with $927.42 on bankrate.com's calculator

I dont doubt that I probably screwed something up.

Last edited by Eric; 09-10-2014 at 01:59 PM..
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      09-10-2014, 01:59 PM   #5
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I know I keep responding to my own thread... the dealer just quoted me 60% residual on a 2014 for a 36mo/10k mi lease.

Pretty hard to justify leasing a 2014 unless its like 15%+ off sticker price. Much better off ordering a 2015 for ED with a 62% residual, it seems.

The dealer is holding firm to the 106k price for a $115225 MSRP. (8% discount)

Not a good deal at all, especially with the 60% residual.

How do you guys negotiate so far below MSRP with your local dealers? These guys act like I'm getting the deal of the century at 8%.
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      09-10-2014, 03:14 PM   #6
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I posted this calculation in another thread the other day...

Your total lease payment = (Sales price - Residual) + 36*MF* (Sales price + Residual) + fees

Where fees are : Registration, Documents, Acquisition,...

So if you pay all fees up front (~ $1500) then your monthly lease payment is 1/36 of total lease payment + tax (on monthly depreciation fee and rent fee)
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      09-10-2014, 04:42 PM   #7
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Quote:
Originally Posted by Eric View Post
I know I keep responding to my own thread... the dealer just quoted me 60% residual on a 2014 for a 36mo/10k mi lease.

Pretty hard to justify leasing a 2014 unless its like 15%+ off sticker price. Much better off ordering a 2015 for ED with a 62% residual, it seems.

The dealer is holding firm to the 106k price for a $115225 MSRP. (8% discount)

Not a good deal at all, especially with the 60% residual.

How do you guys negotiate so far below MSRP with your local dealers? These guys act like I'm getting the deal of the century at 8%.
I would be ordering from a forum sponsor or buy from a large dealer network who has a few m5 allocations. It took me 20 different dealers before I found one who would sell me a orderable car at invoice for a 2015.
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      09-10-2014, 04:53 PM   #8
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Quote:
Originally Posted by Eric View Post
How about this deal (Completely different car and this is a 2015 Euro Delivery):

MSRP $99,550
Sale Price $86,045
MF 0.0013
Residual .62
36 months
Tax rate 6.875%

Was quoted $1048 by Dave.

Im coming up with $927.42 on bankrate.com's calculator

I dont doubt that I probably screwed something up.

Does the $2500 Buy Out still exist?
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      09-11-2014, 08:59 AM   #9
Eric
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Quote:
Originally Posted by M6-Coupe View Post
I posted this calculation in another thread the other day...

Your total lease payment = (Sales price - Residual) + 36*MF* (Sales price + Residual) + fees

Where fees are : Registration, Documents, Acquisition,...

So if you pay all fees up front (~ $1500) then your monthly lease payment is 1/36 of total lease payment + tax (on monthly depreciation fee and rent fee)
Thanks for posting the formula. Here is the math assuming I pay fees (not sales tax) up front.

(86045-60725.50) + 36 * 0.0013 * (86045 + 60725.50)

(25319.50) + .0468 * 146770.50

25319.50 + 6868.86 = 32188.36

32188.36 + tax(.06875 * 32188.36) = 34401.31

34401.31 / 36 = 955.58

Using multiple lease calculators online I am also coming up with $955 payment using the exact same numbers. (Sept residuals went down to .61 from .62... which bumped the payment from 927 to 955)

Dave is quoting me $1048. I've sent him an email to clarify. Could there be $3348 ($93 * 36) of fees getting rolled into the payment somehow?

Also.. trying to understand the logic in the formula of adding residual to sales price and multiplying by the MF to get the rent charge. Arent you paying rent charge twice by adding them together? I'm not questioning the formula, as it is obviously correct. Just trying to understand why its calculated the way it is..
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      09-11-2014, 09:34 AM   #10
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^ 0.0003 MF kicker assuming Dave's quote was for ED would increase your MF to 0.0016 and puts your payment just north of $1k. Still not sure about the $1048 though unless you're excluding the typical lease acquisition/document fees.
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      09-11-2014, 10:04 AM   #11
Eric
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His email said very clearly the MF was .0013.

And I think the bump is .00003, making EDs usually 0.00133

Last edited by Eric; 09-11-2014 at 10:11 AM..
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      09-11-2014, 12:56 PM   #12
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It's kind of strange. I know in some states you have to pay full tax on sales price and not just depreciation... looks like this is the case.
If you remove the tax on depreciation and rent fee and apply it to sales price then your monthly payment would be $1058....
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      09-11-2014, 04:31 PM   #13
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Quote:
Originally Posted by Eric View Post
His email said very clearly the MF was .0013.

And I think the bump is .00003, making EDs usually 0.00133
Base Money Factor was 0.00130 in August, ED markup was 0.00035 for me = 0.00165
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      09-11-2014, 09:18 PM   #14
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Quote:
Originally Posted by Eric View Post
His email said very clearly the MF was .0013.

And I think the bump is .00003, making EDs usually 0.00133
Then he made a mistake. I've learned that ED is the 16 MF
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