Good deal on lease?????

[335xiRT1]

2009 135i base with manual transmision, no options.
36 month
12k a year
2100 total down
$469 a month

[CPSOX]

That doesn't strike me as a good deal. Mine stickered around $46k w/ same term and miles. I wrote a check including 1st month for ~$6700 and my monthly is $440.

[eightcount]

Do an Internet search on lease calculation and learn how to calculate the lease price yourself. It is isn't difficult but if you fear math there are spreadsheets and websites available to do the calculation for you. I've also seen an iPhone app that will do it.

The most important thing is to agree upon a price for the car first! Do not let the dealer give you a lease payment without agreeing on a price for the car first. The lease payment is calculated from the price of the car along with lease term, residual value and the money factor which is something like an APR. If you don't know what the price of the car is and you haven't calculated what your lease payment should be the dealer could have added hundreds or even thousands of dollars to the MSRP to get the lease payment she/he gave you which of course ends up costing you $$.

I actually caught a dealer (non-bmw) trying to add $50 to my monthly lease payment once. I wouldn't have had any idea if I hadn't made the payment calculation myself.

[wmo168]

Originally Posted by 335xiRT1

2009 135i base with manual transmision, no options.
36 month
12k a year
2100 total down
$469 a month

It is so easy to calculate

Suppose you buy a BASE 135i with NO OPTIONS with $2100 Down 12k a year

Using the JULY LEASE Rate below

2009 BMW 135i Coupe
24 Month – Residual 66% of MSRP – .00220 Base Rate
36 Month – Residual 59% of MSRP – .00220 Base Rate
48 Month – Residual 41% of MSRP – .00265 Base Rate
60 Month – Residual 34% of MSRP – .00265 Base Rate

Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms

Lease Payment Calculation Formula:
(Cap Cost – Residual Value) / Term = Depreciation
(Cap Cost + Residual Value) X Base Rate = Interest
Depreciation + Interest = Base Monthly Payment

Terms Used in Lease Formula:
CAP COST = Vehicle Purchase Price (amount financed)
RESIDUAL VALUE = MSRP (window sticker) X Residual %
TERM = Length of Lease in Months (3 years = 36 months)
BASE RATE = Dealer’s Buy Rate (dealer can mark this up for profit)

Cost of car $35850 + $825 Destination = $36675

Assume you have 6% state taxes

Monthly Payment will be $462.26 + $27.86 Taxes
Depreciation $12203
Finance (Rent) Charge $4510
Total Sales Tax $1129
Total of All Payments $17716
Total Lease cost $19942


BASCIALLY THE DEALER IS SELLING THE CAR TO YOU AT MSRP!!!!

You should work with the dealer and get $500-$1000 over US INVOICE of this car

The US Invoice Price for 135i BASE is $32980 + $180 Training Fee + $825 Dest fee
$33985 is the whole sale US price, you should just add $1000 for Dealer profit

$34985 is a fair price rather then paying MSRP at $36675 So you are paying $1600 more then you should.

[hbdunn2003]

Originally Posted by wmo168

It is so easy to calculate

Suppose you buy a BASE 135i with NO OPTIONS with $2100 Down 12k a year

Using the JULY LEASE Rate below

2009 BMW 135i Coupe
24 Month – Residual 66% of MSRP – .00220 Base Rate
36 Month – Residual 59% of MSRP – .00220 Base Rate
48 Month – Residual 41% of MSRP – .00265 Base Rate
60 Month – Residual 34% of MSRP – .00265 Base Rate

Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms

Lease Payment Calculation Formula:
(Cap Cost – Residual Value) / Term = Depreciation
(Cap Cost + Residual Value) X Base Rate = Interest
Depreciation + Interest = Base Monthly Payment

Terms Used in Lease Formula:
CAP COST = Vehicle Purchase Price (amount financed)
RESIDUAL VALUE = MSRP (window sticker) X Residual %
TERM = Length of Lease in Months (3 years = 36 months)
BASE RATE = Dealer’s Buy Rate (dealer can mark this up for profit)

Cost of car $35850 + $825 Destination = $36675

Assume you have 6% state taxes

Monthly Payment will be $462.26 + $27.86 Taxes
Depreciation $12203
Finance (Rent) Charge $4510
Total Sales Tax $1129
Total of All Payments $17716
Total Lease cost $19942


BASCIALLY THE DEALER IS SELLING THE CAR TO YOU AT MSRP!!!!

You should work with the dealer and get $500-$1000 over US INVOICE of this car

The US Invoice Price for 135i BASE is $32980 + $180 Training Fee + $825 Dest fee
$33985 is the whole sale US price, you should just add $1000 for Dealer profit

$34985 is a fair price rather then paying MSRP at $36675 So you are paying $1600 more then you should.

The calculations above are incorrect.

If you are leasing a car for $36675 that the MSRP is $36675
Using 61% residual and .0022 MF
Payement is $527 before tax.

[wmo168]

Originally Posted by hbdunn2003

The calculations above are incorrect.

If you are leasing a car for $36675 that the MSRP is $36675
Using 61% residual and .0022 MF
Payement is $527 before tax.

My calculations are base on $2100 down that he put in.

[hbdunn2003]

Originally Posted by wmo168

My calculations are base on $2100 down that he put in.

I would expect that is bank fee, security, 1st payment , training, maco, doc?
If the $2100 does include these and the monthly includes NY sales tax then the deal is $300 under invoice. Of course this is because of the applied $750 lease cash.
So this would be a decent deal.
He really needs to provide more info to tell how good or bad it is.