Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!

How do I use Money Factor?

bmwman6bmwman6 Member Posts: 6
edited January 2015 in BMW
I am being quoted 513 for 39 months - 0 down.

On a BMWxi with Premium package, zcp, zda at a MSRP of 47600, reduced to 43300.

I feel it is high going by KBB. Are people really paying lower rates?
How do you negotiate it down?

Comments

  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    You can try to negotiate further off MSRP, just like if you were buying a car. The money rate is pretty much fixed by the lending institution, as is the residual value. I'd like to see your payments about $25 less per month if possible.
  • bmwman6bmwman6 Member Posts: 6
    I got the monthly rate down to 425 but they added on a Wear and tear and another package which will drive monthly rates to 505. Is it worth it?

    Also they gave me an inception fee of 2160 ( Acq - 925 / Conv fee - 499 / DMV and first month payment ).

    What do you think?

  • kyfdxkyfdx Moderator Posts: 236,477
    bmwman6 said:

    I got the monthly rate down to 425 but they added on a Wear and tear and another package which will drive monthly rates to 505. Is it worth it?

    Also they gave me an inception fee of 2160 ( Acq - 925 / Conv fee - 499 / DMV and first month payment ).

    What do you think?


    Ask them to take those packages off and take the $425/mo.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • bmwman6bmwman6 Member Posts: 6
    Do we really need tire and wheel protection , paintless dent care, windshield repair, interior and exterior repair and cosmetic alloy wheel repair?
  • bmwman6bmwman6 Member Posts: 6
    Thanks
  • bmwman6bmwman6 Member Posts: 6
    My MF is 0.001299. Can we go lower?
  • bmwman6bmwman6 Member Posts: 6
    How much would 425 payments go down by if I did max MSDs. Is there a restriction in CT?
  • kyfdxkyfdx Moderator Posts: 236,477
    bmwman6 said:

    How much would 425 payments go down by if I did max MSDs. Is there a restriction in CT?


    $35-$45 per month.. I don't think CT restricts MSDs, but NY does.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

Sign In or Register to comment.