Getting out of 4 Month old 07530sp simply cause
11-11-2006, 11:49 PM
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My Ride: 2007 530i Saphire Black, Sport Package, Premium Package, HID, and SAT Radio.
I know this sounds crazy but its EATING ME ALIVE! I have a 07 530sp with about 4k miles and at the time of purchase(4 months ago) the par MF was 0.00160, NOW its dropped to 0.00050, which is 110 bases points! Is it worth it to sell my car to Carmax or something and get a new lease at 0.00050? My payoff is $49,200.00 thanks to a generous $3,500.00 discount on the car and $2,500.00 total intitial down payment...Please some one do the math, it's 3:46am and I'm freaking on this forum so u know it's itching bad, plus I'm a mortgage broker and rate is king! 
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11-12-2006, 03:27 PM
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My Ride: 2006 530xiT Titanium Silver, 6-speed Manual, new style Start/Stop ignition, Black Dakota Leather, anthracite maple wood trim, heated seats front and rear, heated steering wheel, headlight washers, automatic tailgate, auto dimming mirrors, Logic 7, 6-disc changer, sport seats, shadow line trim, rear sun blinds, PDC, adaptive xenons, 18" style 123 wheels, , navigation, voice control, bluetooth, BMW roof rack + bike attachments,
"MF" is money factor, which is the lease term for interst rate. Interest rate = money factor X 2400. In this case it's 3.84% vs 1.2%.
11-12-2006, 05:25 PM
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My Ride: 2007 530i Saphire Black, Sport Package, Premium Package, HID, and SAT Radio.
Originally Posted by silver530sportwagon' post='355359' date='Nov 12 2006, 07:27 PM
"MF" is money factor, which is the lease term for interst rate. Interest rate = money factor X 2400. In this case it's 3.84% vs 1.2%.
silver530sportwagon,
How much of a difference on a monthly bases would my payment drop if I get out of the my current 5 with no negitive equity and start fresh?
Thanking you in advance!
Miami 5
11-12-2006, 05:43 PM
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My Ride: 2008 Porsche 911 Carrera S Convertible. Midnight Blue, 6 Speed.Retired - 2007 997 Carrera S, Midnight Blue, Grey leather, premium audioRetired - 2007 550i, Monaco Blue over Beige, Navigation, Logic 7, Cold Weather Pack, Comfort Access, Sport Package
Model Year: 2008
Some rough numbers.
Assume 50K capital cost, 60% residual and a 3 yr term
your .00160 money factor the lease payment should be around $683 + tax
With the lower .00050 rate the payment should be around $595 + tax
I'm guessing you'll probably end up losing more (particularly as you put in some capital already) on selling the existing car than you would save through any payment reduction, but you'd have to run the numbers to find out.
Assume 50K capital cost, 60% residual and a 3 yr term
your .00160 money factor the lease payment should be around $683 + tax
With the lower .00050 rate the payment should be around $595 + tax
I'm guessing you'll probably end up losing more (particularly as you put in some capital already) on selling the existing car than you would save through any payment reduction, but you'd have to run the numbers to find out.
11-13-2006, 04:46 AM
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Originally Posted by silver530sportwagon' post='355359' date='Nov 13 2006, 12:27 AM
"MF" is money factor, which is the lease term for interst rate. Interest rate = money factor X 2400. In this case it's 3.84% vs 1.2%.
Looks like you dont know your born over there! The 550i is priced just 8k dollars over what we pay for an entry level diesel!
cheers
steve
11-15-2006, 06:14 AM
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My Ride: 2006 530xiT Titanium Silver, 6-speed Manual, new style Start/Stop ignition, Black Dakota Leather, anthracite maple wood trim, heated seats front and rear, heated steering wheel, headlight washers, automatic tailgate, auto dimming mirrors, Logic 7, 6-disc changer, sport seats, shadow line trim, rear sun blinds, PDC, adaptive xenons, 18" style 123 wheels, , navigation, voice control, bluetooth, BMW roof rack + bike attachments,
Assuming you have negative equity, which is unlikely, I doubt it would be a good deal. There are too many variables (price of car, annual miles etc..) to be exact but if you do the new lease with another $2500 cap reduction, you may save about $700 over the life of the lease.
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