I’m working with a dealer on a 535i lease but his numbers are coming out about $19 more per month than the Leasehackr calculator & Leasematic app.

Can you help me figure out where the difference is coming from? I’m pretty sure the aftermarket is just wheel locks, but that doesn’t explain the extra ~$14 difference.

Based on these numbers from the dealer’s worksheet, Leasematic puts the monthly after tax at $423.31.

MSRP: $62,070

net cap cost: $45,603.83

RV: 55%

effective MF: 0.00091

I’m breaking down the base monthly to try to find where the difference is coming from. We both have the same RV, so the difference must be in the monthly finance charge.

net cap cost: 45603.83
residual: -34134.50
depreciation: =11465.33

dealer’s math:
base monthly: 406.99 (from worksheet)
depreciation: -318.48 (inferred based on leasematic’s math below)
finance: =88.51

leasematic:
base monthly: 391.05
depreciation: -318.48
finance: =72.57

Monthly finance charge is determined by MF right? So would that mean the MF is different between the 2 calculations?

Backtracking dealer numbers says MF should be .00110 for the numbers to add up.
Considering it is an exact number I would say MF is marked up by .00019

You guys are wrong, first off BMW dealers can only mark up in increments of .0001, so its not possible for them to mark it up by .00019. The dealers sheets don’t lie, the MF is .00091. My best guess is the $398 license fee is missing from somewhere. You have $1,520 in “upfront charges” of which $438 is first month. Bank fee, doc fee, and license fee + first month comes out to $1,841 ($1403 + 438), so obviously something is missing and its about $400, which is ~$13 a month.

Can you post the stats of the 535? Is this a 2016 brand new? Wondering how you got 14k off MSRP, I’m guessing with the new body styles you’re getting a deal on the old style, or is it used?

It’s a new 535i w/ premium and driver’s assistance packages, HK sound system, and heated seats.

It’s an old body style that the dealer’s already “punched” and BMW’s $5000 market allowance expires on the 31st, so I think they needed to sell it asap.