# Please help me figure out this 535i lease math

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.

Leasehackr calculator:

Leasematic app:

Only difference I see is the \$148 aftermarket (parts?), but that should only be \$4-5/month.

I’m stumped too. (extra to get 20 characters)

Looks like dealer rolled in the license fee.

The dealer’s lease worksheet shows 0.00 for “Cap Fees” & “Cap Taxes” though.

The upfront charges appear to be:
doc \$80
acquisition \$925
tax on doc & acquisition fees 77.78
with \$39.53 unaccounted for.

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

Off topic but what are your thoughts on leasmatic vs the leasehackr calculator? Any compelling reason to buy the app?

That’s what I think happened, although not sure why it shows 0.00091 in their worksheet.

.0014 base MF - .00049 (MSD’s) = .00091

That’s what the dealer worksheet says, but based on my math and @amin’s math, the MF shown on the worksheet doesn’t match the dealer’s numbers.

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.

See my post above. I agree that it is the license fee rolled into the payment (the box is checked next to it).

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?

Appreciate it.

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.

So did BMW stop leasing 2016 535 as of April 1st? Loaners the same?

Yes, no more subvened leasing programs. Only dollar based options remain which are horrible.

Ok thanks @Electrifi38 2017 Loaners are still being leased, but hard to make lease work with the residual adjustment?

Not sure what you’re asking. Since we are in 2017, any 2017 loaners are still leaseable. The mileage adjustment is addressed in prior posts on here.