Quote:
Originally Posted by hayden
Here are my lease details signed August 2009:
M.S.R.P.: $ 114020.00
Agreed upon Cap Cost: $ 100890.00
Customer Cash at Signing: $ 4000.00
BMW Lease Cash Rebate: $3000.00
Total Due at Signing: $7000.00
Cap Cost Reduction: $3728.52
ADJUSTED CAP COST: $98086.48
Money Factor: 0.00135 (.0009 Base +.0003 for ED +.00015 for first time BMW lease without a sec. deposit)
Residual: $53589.40 (47%)
Lease Term: 36 months, 36k total miles
Depreciation: $44497.08
Finance (Rent) Charge: $7371.44
MONTHLY PAYMENT: $ 1,440.79 + $126.07 sales tax (8.75%)
Other fees:
Acquisition fee: $925 (marked up from $785)
License Fees: $1260.00
Sales/Use Tax: $3.94
DMV Elec. Title: $29.00
Sales Tax on Cap. Reduction: $326.25
Doc. Prep Fee: $45.00
California Tire Fee: $8.75
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Keep in mind this was a European Delivery, thus the big discount. This is my first lease. It simply makes the most sense financially since I am able to write off the entire monthly payment as a business expense.