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03-13-2014, 12:11 PM | #1 |
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ED Lease On Nearly Loaded 2015 M3 $867.71 with NO MSD's!!!
Now that I have all the final official numbers to calculate my lease these are the results I know many of you were asking me to put up. If you see anything that does not look right or made an error please let me know but these numbers look awesome and best reason why ED is the best option. These numbers may change slightly if residuals and MF change but would still be under $900 at this point.
Looks like I was able to break the elusive $900 Barrier with very low out of pocket cost. I will be taking delivery of my first ever M Car and so excited for Summer to get here ASAP! MY BUILD PRICING (ED) 2015 M3: $57710 Alpine White / Sakhir Orange Exec Pkg: $4300 Full Merino SO Leather (with ZEC) $ 2650 Lighting Pkg: $1900 Harman Kardon: $875 M Double Clutch Trans: $2900 Adaptive M Suspension: $1000 19" Black Wheels: $1200 Enhanced USB - Bluetooth: $500 GRAND TOTAL: $73035 Calculations Factors: ED MF: .0016 Term: 10k/36 Residual %: 58 US MSRP Price (used for Residual Calculation): $77325 ED MSRP Price $73035 Actual Lease Negotiated Price $71000 (Long History with Dealer and recently bought two cars back in Feb 2013 Costs Paid Upfront: Destination Fee: $925 Sales Tax 6%: $1964 Acquisition Fee $725 Documentation Fee $275 (out of state buyer) Standard Security Deposit: $ 868 Down Payment: 0 Total Costs Paid Upfront: $4757 Dealer Credit (Warranty refund) : $1500 Out the Door Cost Paid to Dealer at Lease Signing - Credit: $3257 Results: FINAL MONTHLY PAYMENT = $867.71 A MONTH!! |
03-13-2014, 02:20 PM | #3 | |
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So you have $3500 to play with that no one has. Congrats, I'm jealous! |
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03-13-2014, 03:46 PM | #4 |
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I know of several folks that are paying under MSRP for US and ED so dont be so sure. It all depends on your Dealer and your relationship and how nice you ask. If you have a flirty hot lady friend you can bring along the discount can be higher! If you take away the 2k discount you will get a payment of roughly $927 a month which is still quite good. We can treat the $1500 as combined discount and/or down payment. What is important here is for those that are doing ED that a payment in the very low 875-930 range is possible with only upfront fees and taxes paid into lease and help visualize the possibility.
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03-13-2014, 03:49 PM | #5 | |
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Yeah, and the elusive $900 barrier is moot when doing ED and your credit. But nevertheless, nice job!
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03-13-2014, 04:10 PM | #6 |
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I hope I cant get $1,000 off but you probably got the best deal for the early adopters out there lol
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03-13-2014, 05:31 PM | #7 |
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OP,
can you share which dealer you get your car from?
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03-13-2014, 06:42 PM | #8 |
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Placing my order this weekend, I hope I can get as a good of a deal as you. Not sure if this was discussed here, but were you able to install any performance parts at Port? ie. Front spoiler, blacked out grills and side gills?
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03-13-2014, 06:51 PM | #9 | |
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03-13-2014, 06:52 PM | #10 | |
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03-13-2014, 07:00 PM | #11 | ||
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Just checked on PA DMV site and says that PA Lease tax is 3%. This would mean that I actually would take more money from figure lowering my payment. Am I missing something? I have never leased a Car in Pa before so new to me. http://www.portal.state.pa.us/portal...ntal_tax/14501
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03-13-2014, 07:35 PM | #12 | |||
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The lease in PA is 9%. Since I am going to lease the 2014 m5, I quoted from 3 dealers, they all charge 9%. I think 3% is on top of our 6%. Not 3%.
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03-13-2014, 07:43 PM | #13 | |
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Gotcha, hopefully I can get a better over view this weekend on what's available for installation at port. If we can residualized these items into our lease I am definitely in as well. I was able to factor in a loyalty discount into my lease, how much? no idea, hopefully I can get $1500 off msrp.
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03-13-2014, 08:27 PM | #14 | ||||
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03-13-2014, 09:07 PM | #15 |
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FYI. In PA the 9% is on your monthly payment not an upfront cost, so you wind up paying tax on the lease charge also. Only benefit is if you do MSD and buy the car at the end, you can apply the MSD to the buyout and not pay tax (did it on my 07 M Roadster).
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03-13-2014, 10:59 PM | #16 |
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Great tip! thanks..More recalculations
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03-14-2014, 06:57 AM | #17 | ||
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See my comment above. Upfront costs are taxed at 9% also. He plans on using his "credit" as a dp
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03-14-2014, 12:42 PM | #18 |
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Great numbers... You are also lucky the fact that your dealer is willing to do ED. Most dealers at this point are not even entertaining the idea.
Keep us posted
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