10-01-2012, 12:22 AM | #24 |
Tire Racks
53
Rep 1,232
Posts |
Since when does gap insurance reimburse your down payment? Don't think it does...
__________________
Alpine White 1M Coupè
Gone:2006 Alpine White E46 M3 ZCP RIP |
Appreciate
0
|
10-01-2012, 02:11 AM | #25 |
///MSport-DC
76
Rep 274
Posts
Drives: 2013 F10 M5, 2012 X5 35d
Join Date: Sep 2012
Location: Wash. D.C.
|
I don't understand how you're coming up with that monthly payment - I'm using .00145, 51% residual for my calculations and still coming up around $1800/month - did you trade in your old vehicle?
__________________
2012 BMW X5 35d (Alpine white/Black - Loaded) - Delivery: 2012/9/17
2013 BMW M5 (Azurite black/Black full merino/Piano trim/20"/Exec./Driver Assist. - Delivery: 2012/11/16 (GONE) |
Appreciate
0
|
10-01-2012, 06:46 AM | #26 |
Major
544
Rep 1,417
Posts |
I need a few more facts to know for sure, such as purchase price (if different than MSRP) and sales tax rate. I ran the calc using MSRP as the PP and 7% sales tax (NJ rate) and came out at $1,750. So it's close, but if you got a little off MSRP then it would appear your dealer may be marking up the BMW FS lease buy rate (.00145) unless your sales tax is significantly more than 7%.
__________________
Current: 2022 Donnington Grey M5 Competition, 2014 Anvil WW Jeep Wrangler
Previous: 2019 Donnington Grey M5 Competition, 2016 Silverstone M5 CP, 2013 Monte Carlo Blue M5 CP (ED on 9/1/12), 2009 Carbon Black M5, 2006 Silverstone M5, 2003 Sterling Grey M5, 2000 Anthracite 540i6, 1998 Jeep Grand Cherokee 5.9Ltd, 1990 Eagle Talon TSi AWD, 1978 Mazda RX-7 |
Appreciate
0
|
10-01-2012, 08:47 AM | #27 |
Lieutenant
40
Rep 444
Posts |
I'm @ $1,113 with a $7,500 cap reduction on a 3/12,000 lease.
__________________
2007 550i
2012 BMW - M5 European Delivery 2014 911 C2S- Agate, MT, PDCC, SC, SE 2015 S63AMG Sedan |
Appreciate
0
|
10-01-2012, 09:25 AM | #28 |
Captain
77
Rep 639
Posts
Drives: 2014 Porsche 911 Turbo S
Join Date: Aug 2009
Location: Westlake Village, CA
|
I must strat by saying I'm one that trys to minimize misinformation on this forum, so I appoligize in advance. I just didn't remeber it correctly. What appears like a cap reduction is the BMW test dive credits of $1500 and a customer loyalty credit of $750.
I got to the office and pull my lease agreement out. Here you go.
__________________
CPIGUY 2017 Ferrari 488 Spider 2019 Tesla Model 3 Performance 2019 BMW X5 MSport, in coming |
Appreciate
0
|
10-01-2012, 11:09 AM | #29 | |
Lieutenant General
21746
Rep 10,714
Posts |
Quote:
Can you elaborate on the "test drive" credits? I know about the 750 loyalty if you are coming out of a current BMW FS lease.
__________________
2025 BMW M4 Competition Frozen Black Metallic
2024 BMW M3 CS Frozen Solid White 2022 Porsche Carrera GTS Coupe Shark Blue 2020 Audi R8 V10 Performance Suzuka Gray 2012 Mercedes Benz C63 AMG Black Series Obsidian Black |
|
Appreciate
0
|
10-01-2012, 11:18 AM | #31 | |
Captain
77
Rep 639
Posts
Drives: 2014 Porsche 911 Turbo S
Join Date: Aug 2009
Location: Westlake Village, CA
|
Quote:
Dear Arnie, On behalf of BMW and the U.S. Olympic and Paralympic Teams, thank you for participating in BMW Drive for Team USA. We hope you thoroughly enjoyed your experience at the event. As a special thank you for your participation, we would like to offer you a limited-time $1,000 BMW Drive for Team USA Allowance, good toward the purchase or lease of a new 2012 or 2013 BMW model.* Your redemption codes for this special offer are: OL12068-0050738 / OL12131-F3050739. Remember, your drive went a long way—it helped future Team USA members train and qualify for the Olympic Games. And a few of the BMW Performance Team members would like to personally thank you in this video. After watching, please be sure to meet the entire team online at bmwusa.com/teamusa. To continue showing your support, be sure to shop our lineup of Olympic products at ShopBMWUSA.com.
__________________
CPIGUY 2017 Ferrari 488 Spider 2019 Tesla Model 3 Performance 2019 BMW X5 MSport, in coming |
|
Appreciate
0
|
10-01-2012, 01:03 PM | #32 | |
Lieutenant General
21746
Rep 10,714
Posts |
Quote:
thanks for quick reply.... thats a cool thing!!!
__________________
2025 BMW M4 Competition Frozen Black Metallic
2024 BMW M3 CS Frozen Solid White 2022 Porsche Carrera GTS Coupe Shark Blue 2020 Audi R8 V10 Performance Suzuka Gray 2012 Mercedes Benz C63 AMG Black Series Obsidian Black |
|
Appreciate
0
|
10-01-2012, 06:21 PM | #34 | |
Lieutenant General
21746
Rep 10,714
Posts |
Quote:
I think I need to update my sig LOL
__________________
2025 BMW M4 Competition Frozen Black Metallic
2024 BMW M3 CS Frozen Solid White 2022 Porsche Carrera GTS Coupe Shark Blue 2020 Audi R8 V10 Performance Suzuka Gray 2012 Mercedes Benz C63 AMG Black Series Obsidian Black Last edited by Vic55; 10-01-2012 at 06:28 PM.. |
|
Appreciate
0
|
10-01-2012, 08:04 PM | #35 |
Captain
70
Rep 961
Posts |
|
Appreciate
0
|
10-01-2012, 09:24 PM | #36 |
Private First Class
21
Rep 178
Posts |
Sorry, I should have clarified, it can help you get your down back on purchase, but you're right, on a lease it won't help you a bit, hence I agree, you really shouldn't tie up a lot of down in lease.
__________________
__________________________________________
2015 BMW M4 on order, MW/SO 2013 Porsche 911 Turbo S Guards Red 2013 BMW M5, Retired, AW/SO 2012 VW Golf R daily driven Stage II+ APR tune, 370HP |
Appreciate
0
|
10-01-2012, 09:35 PM | #37 | |
///MSport-DC
76
Rep 274
Posts
Drives: 2013 F10 M5, 2012 X5 35d
Join Date: Sep 2012
Location: Wash. D.C.
|
Quote:
Purchase price: $104175 plus 6% sales tax ($6262.50) Registration and doc. fees: ~$550 Net cap reduction: $2200 BMW Loyalty credit: $750 36 mos. / 15k Monthly payment: $1829.09 Still seems a bit high compared to what everyone else is posting here... could it be the market is driving the higher money factor because of my area? (Washington D.C. metropolitan)
__________________
2012 BMW X5 35d (Alpine white/Black - Loaded) - Delivery: 2012/9/17
2013 BMW M5 (Azurite black/Black full merino/Piano trim/20"/Exec./Driver Assist. - Delivery: 2012/11/16 (GONE) |
|
Appreciate
0
|
10-02-2012, 06:00 AM | #38 | |
Major
544
Rep 1,417
Posts |
Quote:
I had some time to kill at the airport this morning, so take a look at the attached pdf and see if I entered in all of the information you provided correctly. *** NOTE: I caught a bad cell reference in my sheet (cap cost reduction decreasing the taxable amount) after I posted it and the system will not let me replace it with the corrected sheet or add a follow-up post with the new spreadsheet (not sure why admins???). The net change with the correction increases the payment in each scenario by about $4. ***
__________________
Current: 2022 Donnington Grey M5 Competition, 2014 Anvil WW Jeep Wrangler
Previous: 2019 Donnington Grey M5 Competition, 2016 Silverstone M5 CP, 2013 Monte Carlo Blue M5 CP (ED on 9/1/12), 2009 Carbon Black M5, 2006 Silverstone M5, 2003 Sterling Grey M5, 2000 Anthracite 540i6, 1998 Jeep Grand Cherokee 5.9Ltd, 1990 Eagle Talon TSi AWD, 1978 Mazda RX-7 Last edited by AGS; 10-02-2012 at 06:26 AM.. |
|
Appreciate
0
|
10-02-2012, 09:01 AM | #40 |
Major General
529
Rep 5,483
Posts |
I would take $1829 up here in Canada in a heartbeat....hell..I'd even round it up to $1900...
__________________
Current:
2019 BMW X5 40i - Carbon Black/Tartufo Individual Leather 2020 Range Rover HSE - Black/Black 2020 Audi R8 V10 Performance Spyder 6MT - Ascari Blue/Black |
Appreciate
0
|
10-02-2012, 09:12 AM | #41 | |
Lieutenant
40
Rep 444
Posts |
Quote:
I would guess that when they paper this deal (which you absolutely shouldn't do) they would show your purchase price as $110,400 and that 6K tax line would be much smaller, reflecting the 6% of the net caps you have listed -$2,200 and $750.
__________________
2007 550i
2012 BMW - M5 European Delivery 2014 911 C2S- Agate, MT, PDCC, SC, SE 2015 S63AMG Sedan |
|
Appreciate
0
|
10-02-2012, 09:45 AM | #42 | |
Lieutenant General
21746
Rep 10,714
Posts |
Quote:
He could be living in what is called an "up front state" where tax is paid up front on either a purchase or lease. He will be able to advise better but there are states that require taxes on the full purchase price of a lease.
__________________
2025 BMW M4 Competition Frozen Black Metallic
2024 BMW M3 CS Frozen Solid White 2022 Porsche Carrera GTS Coupe Shark Blue 2020 Audi R8 V10 Performance Suzuka Gray 2012 Mercedes Benz C63 AMG Black Series Obsidian Black |
|
Appreciate
0
|
10-02-2012, 11:06 AM | #43 | |
Major
544
Rep 1,417
Posts |
Quote:
__________________
Current: 2022 Donnington Grey M5 Competition, 2014 Anvil WW Jeep Wrangler
Previous: 2019 Donnington Grey M5 Competition, 2016 Silverstone M5 CP, 2013 Monte Carlo Blue M5 CP (ED on 9/1/12), 2009 Carbon Black M5, 2006 Silverstone M5, 2003 Sterling Grey M5, 2000 Anthracite 540i6, 1998 Jeep Grand Cherokee 5.9Ltd, 1990 Eagle Talon TSi AWD, 1978 Mazda RX-7 |
|
Appreciate
0
|
10-02-2012, 12:05 PM | #44 | |
Private
9
Rep 82
Posts |
Quote:
__________________
2015 M6 Gran Coupe
BMS Stage 1 Tune, BMS Intake & Chargepipes, Meisterschaft Catless Downpipes. |
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|