[AndroidRobot]

I'm not surprised that people paying MSRP call it a good deal currently. I got really lucky when I put a deposit down on mine. I know now, no dealer will sell one at just over invoice but mark-up isn't as high as many would think

[Limegrntaln]

Originally Posted by greginchi

Aren't you playing with numbers/calcs yet? Using 102550 for cap along with 500 loyalty 10K with 57% and base MF I get 1387 before taxes...with max marked up MF you will be around 1450. Max MSDs will save you about 45.

I don't have loyalty, but I do have USAA. And I've been looking at calculators a little. But I always feel like I'm missing something. Its never what you think it is.

I'm not too stressed about the payment, my child support just dropped off, in March, and I just sold another car that was $850 a month.

So, $1,600 would be no change in my monthly routine. And I'll also look at financing it. Putting anything more than $15K, though, probably wouldn't make sense for me, today.

It's all about whether BMWFS sees it the same way I do. If the car is too much, for the bank to see me financing, ill pass on it, and build a lower spec when they become more available, or wait a few months and come in with $20K-$25k down. Worse case scenario, I have like $400K equity in my house, I'll take a few $$ out and do a 1 pay lease.

I just looked, again. I had made a few changes that I wasn't calculating. I'm at $101,895 +$995 for destination.

[gohawks23]

Originally Posted by Limegrntaln

I don't have loyalty, but I do have USAA. And I've been looking at calculators a little. But I always feel like I'm missing something. Its never what you think it is.

I'm not too stressed about the payment, my child support just dropped off, in March, and I just sold another car that was $850 a month.

So, $1,600 would be no change in my monthly routine. And I'll also look at financing it. Putting anything more than $15K, though, probably wouldn't make sense for me, today.

It's all about whether BMWFS sees it the same way I do. If the car is too much, for the bank to see me financing, ill pass on it, and build a lower spec when they become more available, or wait a few months and come in with $20K-$25k down. Worse case scenario, I have like $400K equity in my house, I'll take a few $$ out and do a 1 pay lease.

Well, dealerships are there to prey on the uneducated!

Please spend some time at leasehackr.com and it WILL save you many thousands...most people are too lazy or scared by simple math/calculator so leave it to the dealer to handle for them...ugh, this is exactly what they want!

If you truly take the time to understand leasing/calculators (it isn't hard and I used to do mine on an Excel spreadsheet I wrote) you should know all variables and be able to calculate to the last penny what your payment should be...if you can't you are most likely being taken advantage of...and more importantly know payment BEFORE you even start talking with a dealer...incentives, base MF and residuals are easily found and you can put your own deal together from there...basically you can email the internet sales at dealer and say I'm willing to pay $xxx/mo for this specific car with $0 down other than first payment and dealership/govt fees with MSRP of $xx,xxx for my term of xx months and xx,xxx annual miles...obviously start with a lower payment than where you hope to end up!

You need to really understand taxation also as I used to lease cars when BMW had much better programs and lived in a lease friendly state...where I live now the tax on payment is 18% so I pay cash for my cars unless finance rate is super low.

I would really investigate what happens in a one time lease if you totaled the car...because if the car is stolen or totaled, insurance will pay only for the current market value of the car, not how much money you’ve already put into it...it could be a big risk.

I'm conservative too so tapping home equity to help pay for a car might mean you're stretching a bit too much financially.

My $0.02

[Limegrntaln]

I've definitely been using the calculator on Leasehakr, just like you said, I don't know all of the little payment details. I could get the price close, but I don't know about down to the penny.

Like you said, they have government fees and all of the little bits and pieces that go into it. I'm not going to be paying any ridiculous upcharges.

The allocation was given to me by a HS friend that is a director of the auto group, and he made a phone call to the GM at the BMW store, to get me the allocation. I brought my best friend with me, that's sold me 7-8 cars over the past 12 years. He's a Finance Director at Honda, and he also used to work for this Auto Group, and knows the owners, and taking him to BMW, was like a family reunion, for him. He knew just about everyone in the store, from working with them, previously.

The allocation was listed at $10K over, and I snagged it for MSRP. and I walked out with the order number, spec'd the way I wanted it, and when I walked out, "We don't need any money down, we know him." referring to my friend. So, I feel confident that I wont have to worry about getting stiffed on the charges.

I definitely know exactly what you're saying. And I plan to talk to the SA about my loan. The SA's title is Lease Portfolio Specialist. So, I'm sure he's well versed in what I need.

And definitely not over extended on anything. I called my Honda friend, he called the Director, called me back in 5 minutes with the allocation. So, it was an impulse buy. Its not something I had been saving up for, and the whole "ordering a car" came to fruition when I stumbled on a tuned M340i xDrive, draggy video, of it doing some crazy numbers. Which made me look at the M cars, and I decided in 2-3 days that I wanted one, and jumped.

So, taking money out of the house, would be a worst case scenario, and only because I already ordered the car, and didn't plan on setting money aside for it. Id only do that because I'm going to take the car, because it was a favor, and I don't want it to look bad. I'm sure I wont even have to do that, but its a last option. I would pay $5k a month back into the house, until I got it back on track. So, I'm still pretty flexible. I just didn't want to lose that allocation. The last car I impulse bought, was my C7 and I had that for about 2 years, and it wasn't for me, at all. Lets try BMW.

[gohawks23]

Originally Posted by Limegrntaln

I've definitely been using the calculator on Leasehakr, just like you said, I don't know all of the little payment details. I could get the price close, but I don't know about down to the penny.

Like you said, they have government fees and all of the little bits and pieces that go into it. I'm not going to be paying any ridiculous upcharges.

The allocation was given to me by a HS friend that is a director of the auto group, and he made a phone call to the GM at the BMW store, to get me the allocation. I brought my best friend with me, that's sold me 7-8 cars over the past 12 years. He's a Finance Director at Honda, and he also used to work for this Auto Group, and knows the owners, and taking him to BMW, was like a family reunion, for him. He knew just about everyone in the store, from working with them, previously.

The allocation was listed at $10K over, and I snagged it for MSRP. and I walked out with the order number, spec'd the way I wanted it, and when I walked out, "We don't need any money down, we know him." referring to my friend. So, I feel confident that I wont have to worry about getting stiffed on the charges.

I definitely know exactly what you're saying. And I plan to talk to the SA about my loan. The SA's title is Lease Portfolio Specialist. So, I'm sure he's well versed in what I need.

And definitely not over extended on anything. I called my Honda friend, he called the Director, called me back in 5 minutes with the allocation. So, it was an impulse buy. Its not something I had been saving up for, and the whole "ordering a car" came to fruition when I stumbled on a tuned M340i xDrive, draggy video, of it doing some crazy numbers. Which made me look at the M cars, and I decided in 2-3 days that I wanted one, and jumped.

So, taking money out of the house, would be a worst case scenario, and only because I already ordered the car, and didn't plan on setting money aside for it. I would ay $5k a month back into the house, until I got it back on track. So, I'm still pretty flexible. I just didn't want to lose that allocation. The last car I impulse bought, was my C7 and I had that for about 2 years, and it wasn't for me, at all. Lets try BMW.

OK, but the point is to be at least as lease savvy as the supposed Lease Portfolio Specialist. LOL, what a title! And for the record I think I knew more about leasing than any 'lease specialist' I have ever spoke with at any dealer...not that that is an accomplishment! I would take everything they say with a grain of salt! Knowledge is king!

PS, smart finances include having at least 6 months of living expenses in cash or something liquid...again I'm conservative...so I have many years of 'liquid' cash on hand...I'd build up that nest egg first and buy this car in a year or so when deals more readily available and you have at least 6 months of living expense cash in the bank...trust me these cars will still be made then!

[Limegrntaln]

Originally Posted by greginchi

OK, but the point is to be at least as lease savvy as the supposed Lease Portfolio Specialist. LOL, what a title! And for the record I think I knew more about leasing than any 'lease specialist' I have ever spoke with at any dealer...not that that is an accomplishment! I would take everything they say with a grain of salt! Knowledge is king!

PS, smart finances include having at least 6 months of living expenses in cash or something liquid...again I'm conservative...so I have many years of 'liquid' cash on hand...I'd build up that nest egg first and buy this car in a year or so when deals more readily available and you have at least 6 months of living expense cash in the bank...trust me these cars will still be made then!

I'm 100% with you. And I call the money in the bank, that I have, now, ground zero. Ground Zero is a year of everything. Mortgage, and expenses, and then I work on spendable income from there. A One pay on a $102,000 car is somewhere in the $50K range, I'm assuming, off the top of my head. I wont dip into the Ground Zero money for anything, because I don't even count that money. Its for one thing, and that's not buying cars.

I don't keep $50K in my spendable, because Ill spend it on silly stuff, like this car. I could do a 1 pay by the end of the year, without tapping into any money, including my house, but the car is ordered, and I want it now.

[gohawks23]

Originally Posted by greginchi

OK, but the point is to be at least as lease savvy as the supposed Lease Portfolio Specialist. LOL, what a title! And for the record I think I knew more about leasing than any 'lease specialist' I have ever spoke with at any dealer...not that that is an accomplishment! I would take everything they say with a grain of salt! Knowledge is king!

PS, smart finances include having at least 6 months of living expenses in cash or something liquid...again I'm conservative...so I have many years of 'liquid' cash on hand...I'd build up that nest egg first and buy this car in a year or so when deals more readily available and you have at least 6 months of living expense cash in the bank...trust me these cars will still be made then!

PPS, if these guys are all your buddy buddy friends now they should certainly be giving you base MF with no markup.

[Limegrntaln]

Originally Posted by greginchi

PPS, if these guys are all your buddy buddy friends now they should certainly be giving you base MF with no markup.

That's what I'm shooting for. What's it, right now, .00093?

[gohawks23]

Originally Posted by Limegrntaln

That's what I'm shooting for. What's it, right now, .00093?

Yep and 0.00065 with full MSDs which I've always done if leasing BMWs.

[Limegrntaln]

Originally Posted by greginchi

Yep and 0.00065 with full MSDs which I've always done if leasing BMWs.

After 29 cars, I've never leased a car, so this is an experience, for me. I learn something new, everyday.

[Cinco]

Originally Posted by Dev1985567

My dealer here in Ny will give me the build at msrp with no mark up with 1000$ deposit. The car wouldn’t be available until October. Is that the norm ?

That sounds pretty good to me. I put a $5k deposit at MSRP and don't have an estimated time.

[KnightedBMW]

Originally Posted by Dev1985567

My dealer here in Ny will give me the build at msrp with no mark up with 1000$ deposit. The car wouldn’t be available until October. Is that the norm ?

The norm is there is no norm.

Need more info though; do they have an allocation with a build week for week 35 or later? That would mean the car isn't available till probably October.

Or, do they mean they don't have an allocation and they're hoping to get one by October meaning it would be "available" then?

Speaking from experience, I wouldn't put up a deposit for a dealer that doesn't have an allocation. They may think they'll get one by October, but in reality, they have no idea.

I'd search around.

[TrevorM3]

Originally Posted by Limegrntaln

That's what I'm shooting for. What's it, right now, .00093?

this is current base MF?

[KnightedBMW]

Originally Posted by TrevorM3

this is current base MF?

Yes.

[TrevorM3]

ty!

[Limegrntaln]

Originally Posted by TrevorM3

this is current base MF?

I "believe" until August 2nd. Then we will see.

[TrevorM3]

yeah new rates come out around the 3rd or 4th of new month. praying for slight bump in residuals. lol.

[Gfit]

Originally Posted by TrevorM3

yeah new rates come out around the 3rd or 4th of new month. praying for slight bump in residuals. lol.

Based on that alone I am assuming I won't be able to take delivery on my 2022 until after those numbers come out. Haven't seen any residuals on 2022 xdrive.

[Dolemite79]

I got quoted the following on a lease through a broker

MSRP 77095

36 month lease 12k miles

56% residual

0.00093 MF

All in month payment including taxes is $1,128

My drive off payment is $2,928

I have a 2019 z06 with a manual with just over 10k miles on it which i financed and could sell for a hefty profit but im having a hard time stomaching paying over 1100 a month for a lease.

I'm considering waiting 6-12 months but who knows if it will get any better, the downside is ill be putting way more miles on the z06.

Should i go for the deal or wait? I dont need a new car now but im gonna need a back seat in the next year or so.

[maaaster]

Originally Posted by Dolemite79

I got quoted the following on a lease through a broker

MSRP 77095

36 month lease 12k miles

56% residual

0.00093 MF

All in month payment including taxes is $1,128

My drive off payment is $2,928

I have a 2019 z06 with a manual with just over 10k miles on it which i financed and could sell for a hefty profit but im having a hard time stomaching paying over 1100 a month for a lease.

I'm considering waiting 6-12 months but who knows if it will get any better, the downside is ill be putting way more miles on the z06.

Should i go for the deal or wait? I dont need a new car now but im gonna need a back seat in the next year or so.

That looks like a standard MSRP deal

[Dolemite79]

Originally Posted by maaaster

That looks like a standard MSRP deal

correct, it is a standard MSRP deal, just cant decide if it's too much and i should wait or move forward now to maximize the profit on my z06

[Multimodal]

There's no great urgency IMO.

I don't think used vehicle prices will go down. I think we just went though an inflationary moment where everything got more expensive in a rapid fashion, which means the dollar really went down in value. Next we will see manufacturers raise new car prices marginally faster year-over-year than before and soon inflated new car prices will make the inflated used car prices seem reasonable. Same thing happened to boats after 2008.