Quote:
Originally Posted by aequitas330
Did you lease or finance?
Here's the deal I'm going to lay on the table soon, how does this sound? Does it look like there are any fees I'm forgetting? Any calculations incorrect?
e90 328xi:
Term - 24 months (12k miles)
MSRP - $37325
Invoice - $34445
Cap Cost - $34945 (500 over invoice)
Residual Percent - 73%
April MF buy rate - 0.00175
New lease addition - 0.00015
Base Money Factor - 0.00190
Residual Value - $27247.25
Multiple security deposits - 7 (0.00007 * 7 = 0.00049)
Adjusted Money Factor - 0.00141
Depreciation equation:
(((Cap Cost - Down Payment) - Residual) / Term)
(((34945 - 0) - 27247.25) / 24) = $320.74
Monthly Interest equation:
((Cap Cost + Residual Value) * Money Factor)
((34945 + 27247.25) * 0.00141) = $87.69
Tax equation:
((Depreciation + Monthly Interest) * 0.09)
((320.74 + 87.69) * 0.09) = $36.76
Total Monthly Payment: $445.19
Total Cost of the Lease: 445.19 * 24 = $10684.55
Total Cash Due (First Monthly payment, Fees, Zero Down, Max MSD) = $4400*
* $3150 returned at lease end due to MSD
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I'm unsure about this "new lease addition" increase in mf?
Can you explain? I got buy rate on my e90 back in august (.00175) what is the NEW ADDITION stuff? looks like a nice deal though!