[AlecX5]

I'm been specking a new e93 335 with some options. The MSRP comes up at $58,675. My dealer is saying he'll knock off 2K plus another 1K customer loyalty. That leaves $55,675. My sales tax is 6.9% Title $880. Cash down is $4650. Residual value is 56% or $32,844. Money factor is .0022. 12K a year. Acquisition fee is $500. Security deposit $800. This is on a 36 month lease.

Edmonds comes up with a loan amount of $52,405. And a monthly payment of $781.34. Sounds great to me. Sign me up.

My dealer is coming up with $869.89.

That's like $90 more than I'm getting. Are these leasing calculators flawed or is my dealer just trying to screw me?

Any advice would really be appreciated.

Thanks

Alec

[BMW F22]

Is it 56% for 12k miles a year? check on that.

Also, that's a boatload of money to be paying on a lease. At that rate you might as well buy. At the end of the lease you'd be paying something like $36k on a $59k car. DAMN!!!

[ggoodlife]

I'm not sure what the may lease rates are. But for April the rates had 58% residual for 12k miles per year (56% at 15k) and a money factor of .00180.

So it seems like the dealer is maybe adding abit to the money factor and/or the residual.

However that being said if the MSRP is $58k and cap cost (cap cost is what you pay) is $55k at 58% and MF of .00180 I calculate a payment of $762.68/mth +tax, title, license.....so $860/mth isn't worlds away.....

[SteveMD]

+1 on the last post. The dealer shouldn't be messing with the residual but he can bump the MF up 4 points which he has.

$800 for title? I don't know much about MN but in MD it is $158 for two years. Sounds high.

The acquisition fee is $725 which can be bumped to $925. Dealer is playing you if he tells you it is $500.

Also check how MN does sales tax. Is it on the monthly payment or (worse) on the full negotiated price of the car like in MD, TX, VA, IL, etc. That adds a lot to your monthly payment if you roll it in.