[ssibrahim]

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I'm new to leasing and wanted to see what all of you experts think about the attached lease the dealer is offering me on the i5. This took some negotiation but I'm not sure if it's still a good deal or not. This is from a dealership in Dallas, TX.

[bmwterp]

I don't know about the 40, but I got 7,500 plus I think a 7% discount off my i5 lease. My car's MSRP was around 96k and my lease is right around with zero down (except taxes) $1,300.

[aptekcom]

Originally Posted by ssibrahim

I'm new to leasing and wanted to see what all of you experts think about the attached lease the dealer is offering me on the i5. This took some negotiation but I'm not sure if it's still a good deal or not. This is from a dealership in Dallas, TX.

You need to ask them what the money factor is and what is the $1675 in fees. The residual cannot be changed, so that shouldn’t be in question, but you should ask anyways. The other thing you can ask if you want is if they have tax credits available, but that would require you to pay for the entire lease up front. That would save you about $3500 or so in sales tax.

[ssibrahim]

The money factor that they are using is 0.00025 which sounded high to me since it translates into 6%. Also the other fees are for lease acquisition fee and taxes.

I still feel like it's not as good of a lease as some other people are getting on these cars.

[note46]

75895-7500 = 68395
add in the crazy fees (IMO) of 1675 + 68395 = 70070 not sure how they got to 70753.95

You can also do MSD (Multiple Security Deposit) to lower the rate. I forget how much but well lower. The MSD is held by BMW financial so the dealer can't take it away from you.

[leofuxing]

I'm seeing some brokers start to post deals for the i5 (around 6-8 percent off msrp). Probably best to reach out to a broker on leasehackr.

[aptekcom]

Originally Posted by note46

75895-7500 = 68395
add in the crazy fees (IMO) of 1675 + 68395 = 70070 not sure how they got to 70753.95

You can also do MSD (Multiple Security Deposit) to lower the rate. I forget how much but well lower. The MSD is held by BMW financial so the dealer can't take it away from you.

The Edmunds Lease Forum is saying the MF should be .00210, however they are charging you .00250 (very common items for dealerships to mark up). The other thing that doesn't make sense is the sales tax. In Texas, you are responsible for sales tax on the entire purchase price of the car (6.25%), not just the leased amount. Based on my calculations, it looks like they are only charging about 1% sales tax, so they are offering some sort of tax credit. Are you using One Pay? You need to get a full breakdown of the monthly cost to be able to fully figure this out.

You also need to know what "fees" are. The BMW Acquisition Fee is $925, but there is a difference of $2358 between their final cost of $70,754 and what the cap cost actually is $68,395. What is the other $1400? Maybe the 1% sales tax?

[alewifebp]

Not sure where they are getting these numbers from, but I'd RUN away from this deal. They say that they are giving you 3K off, but are you really?

36 months * 1085 = 39060 + 41814 residual = 80,874 adjusted capitalized cost. That's more than MSRP, which with $7,500 and $3,000 means I'm confused as to how they are getting these numbers. I know TX is challenging to lease because of how they charge tax.

[ssibrahim]

Originally Posted by alewifebp

Not sure where they are getting these numbers from, but I'd RUN away from this deal. They say that they are giving you 3K off, but are you really?

36 months * 1085 = 39060 + 41814 residual = 80,874 adjusted capitalized cost. That's more than MSRP, which with $7,500 and $3,000 means I'm confused as to how they are getting these numbers. I know TX is challenging to lease because of how they charge tax.

I agree I'm confused by the calculation as well. They keep telling me about the special 1% sales tax on the purchase instead of normal 6.25% but I don't know how that's working out here. Some people have posted their lease deals for higher MRSP with lower monthly payment than what these guys quoted me. I think I'll keep searching for a more fair deal. Appreciate the feedback.

[avytykac]

Originally Posted by bmwterp

I don't know about the 40, but I got 7,500 plus I think a 7% discount off my i5 lease. My car's MSRP was around 96k and my lease is right around with zero down (except taxes) $1,300.

Can you share the contact information for your broker/dealer?

[aptekcom]

Originally Posted by ssibrahim

I agree I'm confused by the calculation as well. They keep telling me about the special 1% sales tax on the purchase instead of normal 6.25% but I don't know how that's working out here. Some people have posted their lease deals for higher MRSP with lower monthly payment than what these guys quoted me. I think I'll keep searching for a more fair deal. Appreciate the feedback.

Texas is tricky to compare monthly lease costs when checking with other deals in different states. Once you get the final breakdowns, I can help you with the numbers. Dealers always try to screw people on leases because it is easier.

[barclay]

fill out the inquiry form at leasecompanion.com
Ashleigh is responsive. I have a car on order. Saved me real money.

[ssibrahim]

Thank you for feedbacks. I ended up hiring a broker to score a better deal at another dealership. I signed it today. Hope I didn't get screwed as bad lol

MRSP: $83k
Ceramic Tint and protection plan (couldn't get them to take this off): $990
Acquisition Fee, license fee, document fee, Title fee: $1,675
Discounts: 8% off MRSP plus $7,500
Monthly payment: $990 with $925 cash down for lease acquisition fees.

[alewifebp]

This is my second time using a broker, and it really does make it much easier, and you know the deal up front with full disclosure.

The numbers had improved slightly since I ordered. Picking it up on Saturday.