[BritInTheUSA]

Originally Posted by amitkhas

What was the % off MSRP? I see you are in New England - which dealer was it?

I wonder if you got less off MSRP, they were willing to go down to base rate.

11%. 12 was not doable when I agreed deal in October.

[therealkenc]

How does this look, guys? Appreciate any advice on things that I should look out for here.

[BMWEVGuy]

Are you putting down $7K as down payment and $7K as MSD ?
What is your annual mileage -- seems like 10K ?

[therealkenc]

Originally Posted by BMWEVGuy

Are you putting down $7K as down payment and $7K as MSD ?
What is your annual mileage — seems like 10K ?

Nope, 0 down and 0 drive off, 7 MSD. 10k mileage, yes 👍🏻 I know it says customer cash down $7k, but they told me it’s not being calculated into the payments, and my own calculations based on 0 down and 0 drive off result in a monthly payment that is $889, just slightly off of $904.53. I’ll double check with them regarding the $7k cash down line item.

It generally looks right to me, except for the total cap cost reduction of $7302 after line item 15. They’re subtracting X from the $9900 rebate, where X = 1st month’s payment ($904.53) + DMV fees ($938) + Upfront Doc + EVR fees ($118) = $1960.53, and so that number should be $9900 - $1960.53 = $7939.47 instead of $7302.31. I’m trying to clarify with them where that difference comes from.

Thanks for your help so far.

[kinglik]

Originally Posted by ilya4min

Some folks have been asking me to share my final deal and impressions, doing here to multicast:

The car I got is:
- iX50 with 100K MSRP.
- BMR exterior color with 20" standard wheels and black Sensatec interior.
- All options except the Luxury package, bronze trim, and blue seatbelts

Any reason you didn't go with the Sport trim with the bigger tires? Since you already have Air Suspension the larger tires shouldn't affect the ride quality in theory

[ilya4min]

Originally Posted by kinglik

Any reason you didn't go with the Sport trim with the bigger tires? Since you already have Air Suspension the larger tires shouldn't affect the ride quality in theory

I think the Shadowline trim looks better than the sport, and I like the practicality of 20" wheels since they don't have plastic inserts, and don't scratch from curbs, especially with the wider Michelin tires that I installed. I'm also not that much into the larger wheels, I think they look a little comical, while the 20" look just fine.

I realize I'm in minority as far as tastes are concerned, but pretty happy that I didn't have to spend extra 3-4K for cosmetics to get the car I wanted. So, can't complain.

[Blastphemy]

Trying to reverse engineer the Lease Decoder MF for this deal and failing. This is making me feel very dumb since math should just work!

I used Lease Decoder to check on BMW's current iX M60 offer on its website using the Important Info link.

The Decoder gives me:

Money Factor – 0.00111
Equivalent APR – 2.66%
Residual – 51%
Monthly Payment – $1,079
Term – 36 months
Miles – 30,000 (10K annually)
MSRP – $112,495
Adjusted Cap Cost – $90,320
Residual Value – $57,372
Total Cost – $38,844
Total Depreciation – $32,948
Total Rent – $5,896
Monthly Depreciation – $915
Monthly Rent – $164

Money Factor = (Lease Charge ÷ (Capitalized Cost + Residual Value)) x Lease Term

So for the above offer, I tried plugging in:

....38,844
--------------- x 36 = 9.468245
90,320 + 57,372

or perhaps:

38,844 + 9,279
--------------- x 36 = 11.73
90,320 + 57,372

or perhaps:

.....1,079
--------------- x 36 = 0.263 ÷ 2400 = 0.00011
90,320 + 57,372

But none of those are right (even though the 0.00011 is suspiciously almost right), so what is wrong with my calculations?

Perhaps does Money Factor = Lease Charge ÷ ((Capitalized Cost + Residual Value) x Lease Term)? But even that doesn't get my 0.00111 with the above numbers:

..........38,844
------------------------ = 0.007306
((90,320 + 57,372) x 36)

Here is the full December M60 offer on BMW's website. If anyone can tell me how Lease Decoder calculates a 0.00111 money factor from the information below, I'd truly appreciate it.

"Important Information
$1,079 PER MONTH FOR 36 MONTHS
$9,279 DUE AT SIGNING
SUGGESTED DEALER CONTRIBUTION OF $5,000
Lease payment is calculated based on Manufacturer’s Suggested Retail Price for vehicle as shown and does not necessarily represent the dealer’s actual sale price. Dealer sets actual price. Please consult your selected dealer. Through January 02, 2024, lease offer available on new 2024 BMW iX M60 models from participating BMW Centers through BMW Financial Services NA, LLC, to customers who meet BMW Financial Services' credit requirements. Offer not valid in Puerto Rico.

Monthly lease payments of $1,079 per month for 36 months is based on an adjusted capitalized cost of $90,320 (MSRP of $112,495, including destination and handling fee of $995, less $7,275 capitalized cost reduction, $0 security deposit, and suggested dealer contribution of $5,000 and $9,900 Lease Credit). Actual MSRP and dealer contribution may vary and could affect your monthly lease payment. Cash due at signing includes $7,275 capitalized cost reduction, $1,079 first month's payment, $925 acquisition fee and $0 security deposit. Lessee responsible for insurance during the lease term, excess wear and tear as defined in the lease contract, $0.30/mile over 30,000 miles, plus disposition fee of up to $495 (not to exceed an amount permissible by law) at lease end. Not all customers will qualify for security deposit waiver. Tax, title, license, registration and dealer fees are additional fees due at signing. Advertised payment does not include applicable taxes. Purchase option price at lease end is $57,372, plus the purchase option fee disclosed in the lease contract. Additional tax, title, and government fees may also apply.

Offer valid through January 02, 2024 and may be combined with other offers unless otherwise stated. Models pictured may be shown with metallic paint and/or additional accessories. Visit your authorized BMW Center for important details.

2 years of complimentary 30-minute charging sessions begin on day of vehicle purchase. Offer provided directly by Electrify America. Eligible vehicles are 2022 and newer BMW iX models. Offer non-transferable. Not available for commercial use, such as ridesharing. Requires My BMW app, Electrify America account, enrollment in ‘BMW 30-minute Charging’, acceptance of Plan Disclosure, and $20 pre-authorization for Idle Fees and charging after 30 minutes. User is responsible for Idle Fees, which apply beginning 10 minutes after charge session stops or vehicle reaches full charge. After the initial 30 minutes of each applicable session, charging continues uninterrupted at prevailing Electrify America Pass pricing. There is a 60-minute wait period between charging sessions in which you receive the complimentary 30 minutes of charging under this promotion. Charging sessions for non-commercial and reasonable personal use."

[exxxviii]

Originally Posted by Blastphemy

Trying to reverse engineer the Lease Decoder MF for this deal and failing. This is making me feel very dumb since math should just work!

2 errors:
Your term is on the wrong side of the divisor. It should be in the denominator.

Money Factor = Lease Charge ÷ ((Capitalized Cost + Residual Value) x Lease Term)

Second, the lease charge is the interest cost. So, use $5,896.



...........5,896
----------------------- = 0.001109
(90,320 + 57,372) x 36

[therealkenc]

I’ve been told that MSDs cannot be applied to a buy rate MF as the buy rate is the lowest MF that can be written into a leasing contract. Anyone know if this is true?

[ilya4min]

Originally Posted by therealkenc

I’ve been told that MSDs cannot be applied to a buy rate MF as the buy rate is the lowest MF that can be written into a leasing contract. Anyone know if this is true?

This is a lie. I have marked up MF of 0.0009 lowered to 0.00048, which is lower than the buy rate.

[therealkenc]

Originally Posted by ilya4min

This is a lie. I have marked up MF of 0.0009 lowered to 0.00048, which is lower than the buy rate.

Thanks, Ilya. Another dealer has already been willing to apply MSDs to the buy rate for me, so this was conflicting info (from the same person who told me that the current Dec MF isn’t lockable for a custom build, then later said his manager clarified that only the finance APR wasn’t lockable).

There’s no contract signing until the car is about to be delivered, so I’m just concerned that a dealer can promise the world but then backtrack when it comes to lease signing later on. No harm as I could always walk away then, but there’s the opportunity cost of not going with another dealer who will honor their deal and having the car arrive sooner than later.

[x5legend24]

Originally Posted by therealkenc

I’ve been told that MSDs cannot be applied to a buy rate MF as the buy rate is the lowest MF that can be written into a leasing contract. Anyone know if this is true?

I was told the same and wasn’t able to add MSD to my .0005 mf

[exxxviii]

Originally Posted by therealkenc

I’ve been told that MSDs cannot be applied to a buy rate MF as the buy rate is the lowest MF that can be written into a leasing contract. Anyone know if this is true?

Originally Posted by x5legend24

I was told the same and wasn’t able to add MSD to my .0005 mf

Nope. You are being screwed by a bad F&I guy.

[therealkenc]

Just got a confirmation from said dealer that he was mistaken - he left out a '0' i.e. the minimum rate for a lease is 0.00005 and not 0.0005. So 7 MSDs can definitely be applied to current buy rate of 0.0005 for a net MF of 0.00008.

x5legend24 you might want to clarify this with your dealer if it isn't too late.

Thanks for the intel - y'all are awesome! ilya4min exxxviii

[BMWEVGuy]

therealkenc save yourself all this hassle contact smithf80. He will help you without all this nonsense. There are some people here who have got it from him or at least consulted him.

[therealkenc]

Originally Posted by BMWEVGuy

therealkenc save yourself all this hassle contact smithf80. He will help you without all this nonsense. There are some people here who have got it from him or at least consulted him.

Already did - he can’t help buyers in CA at this time, not sure why.

Dealing directly with dealers can be a bit painful, but as with anything it’s a learning experience The next time I’ll hopefully be wiser, whichever route I take.

[smithf80]

For everyone having an issue with MSD's

It's incompetence, not malice.

Buy-rate is .0005, the minimum MF happens to be .00005.

A lot of them are just reading it wrong.

Post MSD would be .00008

Ask them to please double check the number of zero's and they should be fine. It's been confusing a bunch of people due to the extra 0.

[lokeymd]

Hello, any thoughts about this ix lease offer?
MSRP $92295
discount 12% ($11,075)
total price (including fees/ title & licensing) $83,135
rebate $9900
balance= $73234.48

0 cash down
36month/ 12K miles $48916 residual
monthly payment= $828

First time leasing so I would appreciate any comments, thank you.

[Kennethjk]

Originally Posted by lokeymd

Hello, any thoughts about this ix lease offer?
MSRP $92295
discount 12% ($11,075)
total price (including fees/ title & licensing) $83,135
rebate $9900
balance= $73234.48

0 cash down
36month/ 12K miles $48916 residual
monthly payment= $828

First time leasing so I would appreciate any comments, thank you.

What money factor are they using?

[lokeymd]

I am still waiting for the money factor from the dealership.. I tried to plug these numbers into lease hacker, i think it is around 0.0005 (?) maybe someone might be able to verify if I am calculating it right? btw, sales tax of 6.875%.. thanks again

[javapro]

Originally Posted by Kennethjk

What money factor are they using?

If we assume NYC sales tax (8.875%) and $500 title and registration and $599 dealer doc fee, it looks like they are using a marked up money factor of 0.0009 - see lease calculator here

[whirled]

Originally Posted by Kennethjk

What money factor are they using?

Yeah seems high.