My 550 lease price details
#1
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My Ride: 2006 550 SMG
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My 550 lease details. Does this look right?
jet black
Cold weather package
Premium sound
Sport package
Comfort seats
Active steering
Comfort access
Rear electric sunshade
Naivigation
heads up display
M-aero kit
Total price: $70,435.00
Money Factor .00260
36 mo/ 10,000 mi yr
$5000.00 Total cash down
$1019.62 per mo.
I have tried to use the calculators in the other posts, but i cant seem to figuire out.
jet black
Cold weather package
Premium sound
Sport package
Comfort seats
Active steering
Comfort access
Rear electric sunshade
Naivigation
heads up display
M-aero kit
Total price: $70,435.00
Money Factor .00260
36 mo/ 10,000 mi yr
$5000.00 Total cash down
$1019.62 per mo.
I have tried to use the calculators in the other posts, but i cant seem to figuire out.
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#2
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Use the calculator here:
http://leaseguide.com/calc.htm
I get $923.73 plus tax. So either your sales tax is 10%, or you're missing a few fees (acquisition fee, etc.)
http://leaseguide.com/calc.htm
I get $923.73 plus tax. So either your sales tax is 10%, or you're missing a few fees (acquisition fee, etc.)
#3
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My Ride: '05 545i, silver gray, black leather with anthracite maple wood, sport package, premium sound, navigation, cold weather package, electric rear sunshade, folding rear seat, satellite radio prep, PIAA 4150K fogs, red rear reflectors, hardwired Valentine One
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Originally Posted by katheikia' date='Oct 25 2005, 12:12 PM
My 550 lease details.? Does this look right?
jet black
Cold weather package
Premium sound
Sport package
Comfort seats
Active steering
Comfort access
Rear electric sunshade
Naivigation
heads up display
M-aero kit
Total price: $70,435.00
Money Factor .00260
36 mo/ 10,000 mi yr
$5000.00 Total cash down
$1019.62 per mo.
I have tried to use the calculators in the other posts, but i cant seem to figuire out.
![Help](https://5series.net/forums/images/smilies/imported/help.gif)
jet black
Cold weather package
Premium sound
Sport package
Comfort seats
Active steering
Comfort access
Rear electric sunshade
Naivigation
heads up display
M-aero kit
Total price: $70,435.00
Money Factor .00260
36 mo/ 10,000 mi yr
$5000.00 Total cash down
$1019.62 per mo.
I have tried to use the calculators in the other posts, but i cant seem to figuire out.
![Help](https://5series.net/forums/images/smilies/imported/help.gif)
[snapback]188512[/snapback]
http://forums.e60.net/index.php?showtopic=17438
#4
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I forgot to add 1690.00 tax, 261.00 registration for three years, 625.00 acq fee, and 75.00 doc fee. Given all these numbers, does this look like a good deal? Or could I have done better? I dont have excel on my computer for the calculator.
Thanks for your help!!!
PS. The aero kit ($3285.00) is included in the price, and only $400.00 of it residualizes. So then these are the #s
Total price: $70,435.00 (including aero kit $3285.00)
Money Factor .00260
$1690.00 Tax
$261.00 gov fees
$625.00 acq fee
36 mo/ 10,000 mi yr
$5000.00 Total cash down
$1019.62 per mo.
Would it be the aero kit throwing the #s off, only $400.00 of it residualizes?
Thanks for your help!!!
PS. The aero kit ($3285.00) is included in the price, and only $400.00 of it residualizes. So then these are the #s
Total price: $70,435.00 (including aero kit $3285.00)
Money Factor .00260
$1690.00 Tax
$261.00 gov fees
$625.00 acq fee
36 mo/ 10,000 mi yr
$5000.00 Total cash down
$1019.62 per mo.
Would it be the aero kit throwing the #s off, only $400.00 of it residualizes?
#5
Site Founders
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Originally Posted by katheikia' date='Oct 25 2005, 03:10 PM
I forgot to add 1690.00 tax, 261.00 registration for three years, 625.00 acq fee, and 75.00 doc fee.? Given all these numbers, does this look like a good deal? Or could I have done better?? I dont have excel on my computer for the calculator.
[snapback]188530[/snapback]
It's a great car, and if you're happy being around $1K/month on the lease, you probably couldn't have done better. One option you might consider if you have a lot of cash available is putting down more security deposits. You can put down up to 5 security deposits, and each one lowers your money factor by 0.00010, so you could potentially get it down to 0.00210. That would lower your payment by about $55/mo, meaning you could get a $2000 return over 3 years on a $5000 "investment" (5 security deposits). That's a pretty good rate of return, but only if you have another $5000 laying around and available for security deposits (which you of course get back at the end of the lease).
One really dumb thing is I don't know why they don't give you depreciation on 100% of the M Aero Kit...I mean, the thing stays on the car, and it's how much THEY are charging for it. Of course, if they let you order it from the factory like you can in other markets, then this would be a non-issue. I'm surprised they don't at LEAST do the cost of the kit minus paint and installation. Oh well. They don't even residualize OEM wheels other than ones you can order from the factory...
#6
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Originally Posted by das' date='Oct 25 2005, 04:46 PM
[quote name='katheikia' date='Oct 25 2005, 03:10 PM']I forgot to add 1690.00 tax, 261.00 registration for three years, 625.00 acq fee, and 75.00 doc fee.? Given all these numbers, does this look like a good deal? Or could I have done better?? I dont have excel on my computer for the calculator.
[snapback]188530[/snapback]
It's a great car, and if you're happy being around $1K/month on the lease, you probably couldn't have done better. One option you might consider if you have a lot of cash available is putting down more security deposits. You can put down up to 5 security deposits, and each one lowers your money factor by 0.00010, so you could potentially get it down to 0.00210. That would lower your payment by about $55/mo, meaning you could get a $2000 return over 3 years on a $5000 "investment" (5 security deposits). That's a pretty good rate of return, but only if you have another $5000 laying around and available for security deposits (which you of course get back at the end of the lease).
One really dumb thing is I don't know why they don't give you depreciation on 100% of the M Aero Kit...I mean, the thing stays on the car, and it's how much THEY are charging for it. Of course, if they let you order it from the factory like you can in other markets, then this would be a non-issue. I'm surprised they don't at LEAST do the cost of the kit minus paint and installation. Oh well. They don't even residualize OEM wheels other than ones you can order from the factory...
[snapback]188537[/snapback]
[/quote]Thanks for the info
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#7
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Oh by the way, I got the M-Aero kit down to $2461.00. Which is invoice price for parts, and VPC. That changed my mo. payment by $27.00
I couldnt see the reason the dealer should make over $800.00 on this kit, since it is over priced and doesnt residualize well. I just asked and they gave me that price.
I couldnt see the reason the dealer should make over $800.00 on this kit, since it is over priced and doesnt residualize well. I just asked and they gave me that price.
#8
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My Ride: 2006 Silver Grey 550i (est delivery 12/06)
Auburn / Poplar Interior / Anthracite headliner
M body aero kit/ sport/ sound/ comfort access/ comfort seats/ sunshade/ sat radio
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Originally Posted by katheikia' date='Oct 27 2005, 08:45 PM
Oh by the way, I got the M-Aero kit down to $2461.00.? Which is invoice price for parts, and VPC.? That changed my mo. payment by $27.00
I couldnt see the reason the dealer should make over $800.00 on this kit, since it is over priced and doesnt residualize well.? I just asked and they gave me that price.
I couldnt see the reason the dealer should make over $800.00 on this kit, since it is over priced and doesnt residualize well.? I just asked and they gave me that price.
[snapback]189768[/snapback]
arthur
#9
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My Ride: 2006 E60 530 xi six speed manual/Silver gray-auburn/18inch-style123wheels/premium sound and package/HUD/PDC/sport/coldpackage/Sirius/M-aero kit/Nav/comfortseats/shades/comfort access
tires: 245 40 18 Sottozero Pirelli winters (non runflats)
2004 RX330 Lexus - crystal white - reliable, quiet, and the "beater" car for ski trips, hauling, etc.
1995 E34 540i 6 speed black/truffle interior/alpinemp3/XMradio/M5 alloys (Many tears...sold to a fellow Boston bimmer enthusiast!)
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I was told that the aero kit does not residualize at all????
I'm paying invoice (2461.00) for it -
how did they calculate 400.00?
I'm paying invoice (2461.00) for it -
how did they calculate 400.00?
#10
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My Ride: 2006 E60 530 xi six speed manual/Silver gray-auburn/18inch-style123wheels/premium sound and package/HUD/PDC/sport/coldpackage/Sirius/M-aero kit/Nav/comfortseats/shades/comfort access
tires: 245 40 18 Sottozero Pirelli winters (non runflats)
2004 RX330 Lexus - crystal white - reliable, quiet, and the "beater" car for ski trips, hauling, etc.
1995 E34 540i 6 speed black/truffle interior/alpinemp3/XMradio/M5 alloys (Many tears...sold to a fellow Boston bimmer enthusiast!)
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wow, that is cheap for the m-aero kit-unless the dealers are giving everyone random prices and
perhaps there is even a double secret wholesale price sheet....
perhaps there is even a double secret wholesale price sheet....