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residual value and money factor - 2016 BMW X5

helens127helens127 Member Posts: 17
edited July 2016 in BMW
what is the residual RV right now for the x5. not sure what packages I am going for yet but was wondering where the RV % is??? that is set by the bank, correct. so the dealership can't raise or lower it??? can the bank set the RV and the dealership change it to try to make money??? just trying to figure out all my variables. also, how much does each MSD cost and how much does it lower the money factor. I believe I read that you can do up to 7 of them. please advise

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    kyfdxkyfdx Moderator Posts: 240,892
    helens127 said:

    what is the residual RV right now for the x5. not sure what packages I am going for yet but was wondering where the RV % is??? that is set by the bank, correct. so the dealership can't raise or lower it??? can the bank set the RV and the dealership change it to try to make money??? just trying to figure out all my variables. also, how much does each MSD cost and how much does it lower the money factor. I believe I read that you can do up to 7 of them. please advise

    .00137 MF and 57% residual for 36/15.

    Yes, the residual is fixed, and cannot be altered by the dealer.

    Each SD is the payment, rounded up to the next $50 increment (like any security deposit). Each SD lowers the MF by .00007, with a maximum of 7 allowed, for a total reduction of .00049.

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    zoombie99zoombie99 Member Posts: 320


    Each SD is the payment, rounded up to the next $50 increment (like any security deposit). Each SD lowers the MF by .00007, with a maximum of 7 allowed, for a total reduction of .00049.

    which is a effective rate of .00088 which makes a big difference in the monthly payments

    BMW 2019 540x Bluestone
    BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
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    helens127helens127 Member Posts: 17
    one more question, is the gap insurance included in this by BMW or is that an extra cost. I am getting this figure for my payments on an X5
    msrp 63920
    rv 57%
    MF .00137 - .00049 (multiple MSDs) = .00088
    invoice cap cost 59445.60 (msrp-7%)
    36 month

    768.79

    pay at drive off the titles and registration and destination fees
    does this look right?
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    helens127helens127 Member Posts: 17
    also the mf of .00137 is it possible to get a lower one if I have excellent credit
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    kyfdxkyfdx Moderator Posts: 240,892
    helens127 said:

    one more question, is the gap insurance included in this by BMW or is that an extra cost. I am getting this figure for my payments on an X5
    msrp 63920
    rv 57%
    MF .00137 - .00049 (multiple MSDs) = .00088
    invoice cap cost 59445.60 (msrp-7%)
    36 month

    768.79

    pay at drive off the titles and registration and destination fees
    does this look right?

    GAP is included in all BMWFS leases.

    Are they selling you the vehicle at invoice?

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    kyfdxkyfdx Moderator Posts: 240,892
    helens127 said:

    also the mf of .00137 is it possible to get a lower one if I have excellent credit

    That is the rate for top tier credit.

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    helens127helens127 Member Posts: 17
    msrp -7% is that good or is it standard. about how much lower is the invoice?
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    kyfdxkyfdx Moderator Posts: 240,892
    helens127 said:

    msrp -7% is that good or is it standard. about how much lower is the invoice?

    MSRP is about invoice

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    helens127helens127 Member Posts: 17
    I thought MSRP was the sticker price and the invoice is what the dealer pays for it.
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    kyfdxkyfdx Moderator Posts: 240,892
    helens127 said:

    I thought MSRP was the sticker price and the invoice is what the dealer pays for it.

    I'm sorry.. I meant to say that 7% off MSRP is about invoice.

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