Hi guys,
I need a little help on this owner’s choice deal review. Our calculator shows the payment to be $496/month but the quote from dealer is for $525/month.
What am I missing? How can get him to the monthly which our calculator is showing?
By using an actual lease calculation spreadsheet. Leasehackr calculator is missing many inputs and will usually not be accurate to the dollar.
2 Likes
maybe acquisition fee missing?
That’s not applicable in Owner’s Choice program
Received this deal in email from the dealer. Just posting it for your comparison.
Never mind… Just saw your lease sheet… yours is a NEW 530e.
No, this is a loaner as well but with everything rolled in and for 12k miles. (Texas)
The residual you used is for a new car. Need to adjust for mileage and you should get close to what the dealer is showing.
I thought mileage penalty would be $0.25*3539miles = $885. So, I subtracted that from incetives. Seems like dealer is using 64.6% as residual.
No, you don’t deduct the mileage penalty from the incentives. That is not correct. You deduct it from the Residual Value. 64.6% seems correct.
This is the one I’m negotiating on 
Oh! Didn’t know that. Thanks!
You would have known that if you made your own spreadsheet 
Don’t rely on the leasehackr calc!!
Yeah. I’m new to this. 
I don’t see everything else rolled in. Acq Fees line is zero in the calculator. Are you waiving the acq fees for higher MF ?
I’m not leasing. I’m taking BMW’s owner’s choice program. It doesn’t have acquisition fees.
Ah, sorry, I missed that.
So, if you change the RV to 64.6% in the calculator, you get $529, which is close to what dealer is quoting.
Yep, figured that.
Check prior 530e hacks from Tx. There have been unicorns recently, yours isn’t one of them