Comments on: How to lease a car

By: Anonymous

Anonymous — Thu, 27 Oct 2011 05:38:00 +0000

which car manufactures dont pose a aquisistion fee?

By: shrihari pataskar

shrihari pataskar — Fri, 20 May 2011 08:08:00 +0000

h i, thank you for giving such important information , this site really helps for the peoples who are planning to lease a car. Car lease calculator

By: Josephsaban

Josephsaban — Wed, 06 Apr 2011 03:11:00 +0000

Linda i got a great deal on this website neweraleasing.com they beat my local dealers price by alot

By: linda k maisamari

linda k maisamari — Sun, 20 Feb 2011 14:09:33 +0000

I will be married soon and need a used bmw 2series ,how much will it cost me to purchase and own one including the shipping fee to my country

By: negotiate car price guy

negotiate car price guy — Mon, 07 Feb 2011 05:35:33 +0000

I love how the numbers are broken down so simply here. There are also lots of online calculators that can do this math for you though (for people like me that hate math) Just google auto calculator and your off !

By: Auto Leasing Guide – Vocabulary

Auto Leasing Guide – Vocabulary — Tue, 03 Aug 2010 18:31:33 +0000

[...] previous article published last week, focused on “How to Lease a Car” process and how to simply calculate car lease payments. Since I received many emails inquiring [...]

By: BernardP

BernardP — Wed, 31 Dec 2008 22:16:17 +0000

Thanks for the reply. I know that the acquisition fee is imposed by BMW Financial. I wanted to point out that it is hard to justify. In the end, it is an additionnal cost that has to be considered, along with interest rate and residual, when comparing a lease to an outright purchase. Not all car manufacturers impose an acquisistion fee.

By: Horatiu B.

Horatiu B. — Wed, 31 Dec 2008 05:25:27 +0000

@BernardP: I tried to keep it simple and I used some “nice” numbers and I agree, the $1500 is a variable rather than a constant.

Unfortunately, many dealers take the markup and BMW allows them to mark it up to a certain level – .0003

Lease acquisition fee is imposed by BMW Financial Services, think of it as a closing cost.

By: BernardP

BernardP — Mon, 29 Dec 2008 21:57:01 +0000

Hmmm…Let’s see…

There is $1500 dealer markup over his cost for the car. Why not say “start with the price the dealer sells the car”. The cost info is useful, but the $1500 is not a constant and varies according to model and market conditions.

In principle, I have a problem with the dealer taking a markup on interest rate (money factor). Any profit the dealer wants should be reflected in the selling price.

I also have a principles objection to the “lease acquisition fee” (and is there a termination fee?). Is there a “finance fee” when the car is purchased outright and financed? The lease acquisition fee looks like a surcharge, even more so if the dealer takes a markup on it.

The dealer has every right to make a profit. This should be reflected in the selling price of the car, not in dubious surcharges and fees.

By: BMW sales

BMW sales — Mon, 29 Dec 2008 20:38:49 +0000

This is fairly accurate, apart from any type of service, accessory, or any other item built into the price (tint, exhaust, floor mats, etc.), the vehicle will residualize differently. The dealer cost on rate and invoice price are slightly different too, but you’re on the right track Horatiu.