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Car sales are down by a large amount. This causes a problem, dealers are desperate to make a sale but can't afford to offer a big discount.The best time to get the biggest discount is the last weekend of the month as the salesperson will be on a monthly target and desperate for the sale.I have had 3 BMW's over the last 10 years and never paid full price, play one dealer off against another, get quotes from on-line lease companies (which are good value) and go to a dealer with your credit card or cheque book and let them know you're prepared to do a deal there and then if it's better than the others.
What else can I help you with?
How to find the money factor on a car lease?
To find the money factor on a car lease, you can ask the leasing company or dealership for the current money factor rate. This rate is typically expressed as a small decimal number, such as 0.0025. The money factor is used to calculate the interest portion of your monthly lease payments.
What is the annual BMW lease rate?
The annual lease rate can vary, but the monthly rental on a BMW seems to range around $400 a month. Leasing a car is not the best idea - better to take out a car loan instead.
How do you calculate lease liability?
To calculate lease liability, first identify the total lease payments over the lease term, including fixed payments, variable payments that depend on an index, and any residual value guarantees. Then, determine the discount rate, which is typically the interest rate implicit in the lease or the lessee's incremental borrowing rate if the implicit rate is not readily determinable. Finally, present value these lease payments using the discount rate to arrive at the total lease liability.
How often does the BMW lease rate change?
A BMW lease rate probably changes every year or so. If you lease a BMW and lock into a lease rate they cannot change it for the time frame of the contract. Most leases expire in two years.
If the lease factor is given as 0.0016 what interest rate is that equivalent to?
The lease factor is typically a monthly rate used to calculate lease payments based on the vehicle's value and residual value. To convert a lease factor to an annual interest rate, you can use the formula: Interest Rate = Lease Factor × 12 × 100. Therefore, if the lease factor is 0.0016, the equivalent annual interest rate would be approximately 1.92% (0.0016 × 12 × 100).
What is the Illinois sales tax rate on a lease buyout?
The Illinois sales tax rate on a lease buyout is 6.25.
Why would you use a lease payment calculator?
A lease payment calculator is used to find out what an auto lease will really cost. It takes into account the MSRP, the negotiated price, the down payment, sales tax, length of lease, the end of lease car value, and new car lending rate, as well as the lease time.
How do you calculate amount of interest in Finance lease?
To calculate the amount of interest in a finance lease, first identify the total lease payments and the present value of the lease liability. The interest expense can be determined by applying the interest rate to the outstanding balance of the lease liability at the beginning of each period. Typically, the interest for the period is calculated as the outstanding principal at the start of that period multiplied by the interest rate, and this amount is deducted from the lease payments to find the principal repayment for that period.
How low does a BMW lease rate need to be before you would consider getting a lease?
I personally cannot afford a BMW so no matter how low the lease rate was I wouldn't obtain a BMW anytime in my near future. If I was in the market for a BMW I would only obtain one if the lease rate was very low.
What should I understand lease calculator in the future ?
There are many ways to understand a lease calculator to help when leasing a home or car. You need to find out the interest rate, and calculate the total monthly cost of the product.
Where can I find the best rate on a home loan in Omaha, NE?
In home mortgage corporation you can find the best rate on home loans.
What is the benefit of knowing a BMW lease rate?
The benefit of knowing a BMW lease rate is that it will give you a much better understanding of the finances associated with a BMW lease. It also may give you a leg up in the negotiation of the contract.
