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Hi All,
Long time lurker first time poster. HI!
If you could help me wrap my mind around this large payment I would appreciate it. They need me to come in by today to lock this deal down with a deposit. Any thoughts or help on this would be great!
2019 X3 xDrive 3.0 Pending Custom Order Fully Loaded the only options missing are Wireless Charger and Vent Seats. Here are the details of my spec sheet in order. Please help me out and see if I am getting a good deal or not????
Total Equipped
56,895
Selling Price
51,480
Term 36 months
10k miles per year
1.82 money factor
59% residual
Heres were things get a little tough to understand
Selling Price
51,480
Cap Reduction Tax 8.6% = 2,172 <--is that tax really right?
Bank Fee 925
Cap Reduction 1,500 (this is supposed to be the loyalty rebate)
TOTAL CAP COST 53,077.20
Residual Value 33,568
Total Deprecation 19,509
Monthly Depreciation 541
Monthly Finance Charge 157
Monthly Payment Total $699(including tax) . ??
Next line items I am not clear why they are adding the rebate of 1500 only to deduct it as wash basically.
Capital Reduction 1,500<-why is rebate being added only to be taken out on next line item..? Is it fluff??
Up Front Tax 137.57 (this appears to be the tax on rebate and doc fee)
Doc Fee 95
First Payment 699
security deposit 0
DRIVE OFF = 2,432
Rebate 1,500
Total Due at Signing
$932 + 280 DMV Fee
Any thoughts or help with this "deal" would be greatly appreciated. I "think" the numbers check out but still feel the payment is very high and there might be some "hidden" fees or add /take items in these numbers.
Thanks All
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