MSRP: (not to be confused with Sale Price): $65,000 For this example, I have rolled the Bank Fee and Document Fee into the lease.The line items below are the major factors that impact monthly lease payment but may account for all factors involved in lease calculations. At the bottom of this page, I have discussed the pros and cons of rolling fees into the lease, as well as putting a $0 down payment. To start, you need to decide on what fees you are paying upfront and what fees you are rolling into the lease. Next, we will go through an example of calculating lease payments. See our Pricing page to obtain an accurate Sale Price.īank Fee (if not paid at signing): $725 (BMW Financial Charges a $725 bank fee but individual dealerships may charge up to $925. See Pricing for details)ĭocument Fee (if not paid at signing): $500 They are not secrets and should be freely given by the sales staff.įirst, we have to calculate your Net Capitalized Cost. *All three of these figures can be obtained by calling or emailing your local dealership. Manufacturer incentives will reduced your net capitalized cost. It's a good idea to ask what the specific BMW incentives are for your model. For example, in December 2014, the money factor for a 39 month lease on a 2015 535i was 0.00130.ģ) BMW Incentives. Manufactuer incentives change on a monthly basis (sometimes more frequently). Ask the dealership what the base money factor is for your expected model and lease term. The money factor is the figure that allows us to calculate the finance charge. For example, in December 2014 the residual percentage of a 2015 535i with 12,000 miles per year was 60% of the MSRP.Ģ) Money Factor. Residual percentage is based on the model, model year, and lease miles per year.
#Bmw finance calculator full#
It allows you to have full transparency before going into the high pressure finance office.īefore accurately calculating a lease payment we need to find out three figures from the dealership:ġ) Residual percentage on your model. The goal of calculating your lease payment is to be fully informed when going into the dealership. However, it is possible to get very close to your expected payment and in some cases down to the dollar. Calculating a vehicle lease is not an exact science because there are a variety of factors that change lease payments, such as credit score, security deposit, down payment, and payment of fees upfront or rolled into the lease.
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