08-01-2014, 07:27 PM | #1 |
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Question about a lease quote, help?
Hey guys thinking about getting a x5 35i. I wanted to ask you guys what lease deals are you getting for a $72k msrp. I wanna do 10k/36m. Thanks
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08-11-2014, 11:10 PM | #2 |
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Lease options
The monthly lease payment (in my opinion) should not be calculated on the MSRP. It should be figured, based on the agreed upon sale price, money factor and residual value. If you are not really short on cash ask your salesman about refundable MSD (refundable Multiple Security Deposit) it will lower the interest and hence the monthly payment.
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08-12-2014, 07:34 AM | #3 |
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Can you negotiate your price and order your car with your CA then negotiate the lease with the finance manager when the car comes in? Wouldn't the finance manager have the final say anyways? Then at least I'm spreading out my pain.
I'm ordering an x6 and the residuals aren't out yet. Also, after your car arrives, don't they have more of an incentive to make sure that you take it home especially if its highly optioned and they're less likely to sell it off the lot? Forgive me for being ignorant, I just don't know how the leasing game works; only the finance game. |
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08-13-2014, 03:07 AM | #4 | ||||
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Quote:
Quote:
if you are ordering say 2017 model year in 2016, they do not depend on the 2017 residual, it is not available. It is simply a multi factors formula that takes in consideration the present price of the car, the demand on the model, what were the last few years resale values, how many miles/year you are buying, and so on. Quote:
Quote:
Lease vs Finance agreed upon price = Agreed upon price Money factor = Interest rate Cap Cost Reduction = Down payment Aquesition Fee = None residual value to bank = the equity if any is yours You pay somebody's depreciation = you pay interest on your own loan There are way more other issue like on lease you have to carry certain level of insurance, to modify the car you have to have the approval of the real owner, certain use is not allowed (pizza delivery for example) and so on. The above in no way covers the whole lease or finance process. Ask around. Last edited by Dataready; 08-13-2014 at 11:33 AM.. |
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