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      04-12-2008, 02:23 PM   #1
aequitas330
Montego Blue FTW
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Drives: Montego Blue e90 328xi
Join Date: Sep 2007
Location: Northeast

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Multiple 328XI lease rates.. Can I do better?

I had planned on going over to Munich this summer to do ED, but project timelines keep changing and it looks like I won't be able to go this year now.

Not necessarily a bad thing though with the current exchange rate and current gas prices in Germany. (I'm trying to find a way to put a positive spin on this haha)

I'm looking at multiple options, the 328xi is in the lead at the moment. I'm also contemplating the 128i, 135i, G35x, C300 Sport 4matic and TT quattro.

With the 1 series now available and doing pretty well, I'm guessing I can get the best deal on the 328xi. How far from invoice do you think I can go?(There are some good deals on the G35x too, but the closest dealer is an hour and a half from me)

How are these calculations for an '08 e90 328xi? 24 mos / 12k term.

MSRP: 37,325
Invoice: 34,650
Residual percentage: 71%
April MF: .00175
Residual value: 26,500
PA Tax: 6%

$1000 over invoice
Cap Cost: 35,650
...Monthly depreciation: $297.89
...Monthly interest: $108.76
...6% PA State tax: $24.40
......Total monthly payment: $431.05
.......................Total cost: 10,345.16

$750 over invoice
Cap Cost: 35,400
...Monthly depreciation: $287.47
...Monthly interest: $108.33
...6% PA State tax: $23.75
......Total monthly payment: $419.54
.......................Total cost: 10,069.16

$500 over invoice
Cap Cost: 35,150
...Monthly depreciation: $277.05
...Monthly interest: $107.89
...6% PA State tax: $23.10
......Total monthly payment: $408.04
.......................Total cost: 9,792.90

at invoice
Cap Cost: 34,650
...Monthly depreciation: $256.22
...Monthly interest: $107.01
...6% PA State tax: $21.79
......Total monthly payment: $385.03
.......................Total cost: 9,240.64

$500 under invoice
Cap Cost: 34,150
...Monthly depreciation: $235.39
...Monthly interest: $106.14
...6% PA State tax: $20.49
......Total monthly payment: $362.02
.......................Total cost: 8,688.38

Monthly depreciation calculated as (((Cap Cost-Down pmt) - Residual Value) / Term)

Monthly interest calculated as ((Cap Cost+Residual Value) * Money Factor)

State tax calculated as ((Depreciation + Interest) * 0.06)


So... How low do you think I can go? Also, were there any errors in my calculations? If my calculations are correct, I'll upload/host my leasing calculator spreadsheet that I made for everyone else to use.

Thanks!
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