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2006 530i lease questions
I got a lease quote for 2006 530i and have few questions -- number are below. The quote is $620/month.
1. Should I pay tax up front?
2. Can security deposit be waived?
3. Are any numbers below negotiable other than vehicle selling price?
2006 530i
Automatic
Premium package
Cold package
Metallic paint
Navigation
36 months - 12K miles/year with $0 down cap cost reduction.
MF .00140
Residual 62%.
Sold at $51023
MSRP $53,120
Total out of pocket is $3973.30 includes 1st month, 1 refundable sec deposit,plates, doc fee, BMW bank fee, and tax up front of $1869.30.
Thanks!
| | Reply » 2006 530i lease questions |
Quote: I got a lease quote for 2006 530i and have few questions -- number are below. The quote is $620/month.
1. Should I pay tax up front?
2. Can security deposit be waived?
3. Are any numbers below negotiable other than vehicle selling price?
2006 530i
Automatic
Premium package
Cold package
Metallic paint
Navigation
36 months - 12K miles/year with $0 down cap cost reduction.
MF .00140
Residual 62%.
Sold at $51023
MSRP $53,120
Total out of pocket is $3973.30 includes 1st month, 1 refundable sec deposit,plates, doc fee, BMW bank fee, and tax up front of $1869.30.
Thanks! |
1. Consult your accountant. I don't know how NY works with taxes. But if you were in california, I wouldn't recommend paying it up front. What if you sell the car in a year or have somebody take it over and step up to the 550?
2. You can get it waived in two ways I know. Pay a higher money factor or have been a previous/current BMWFS customer.
3. The MF is already at the wholesale rate. If you want a better price, try to see if European Delivery would work.
| | Reply » 2006 530i lease questions |
Yep, Euro Delivery will get your cap cost down about 7% however it will increase your MF to 0.0017 (EDs get a 0.003 surcharge). Doing ED, BMWFS will pick up 1 month of lease payment (I think) but then you'll be without the car for 4-5 weeks after ED drop-off so it's a wash kind of.
In CA, we pay tax on a monthly basis and only on the amount of time we have the car. No way I woud prepay that if I didn't have to.
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2006 530i lease questions