2017 BMW i3 Lease Deals and Prices

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  • kyfdxkyfdx Moderator Posts: 257,206
    hangman6 said:

    Hello - Could I get the Residual/MF for the 2017 i3. 10K & 12K in Seattle?
    Does it matter if it's REX or Trim (Mega/Giga/Tera?) I'm not sure what the best fit is for me there.

    .00140 MF and 58%/57% residual for 36 months
    $7500 lease cash

    For all i3 models.

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  • hangman6hangman6 Member Posts: 7
    Thank you - And I back calculated some of the other messages in this thread, but just to confirm. 0.00007 MF reduction per MSD up to 7 deposits right?
  • kyfdxkyfdx Moderator Posts: 257,206
    hangman6 said:

    Thank you - And I back calculated some of the other messages in this thread, but just to confirm. 0.00007 MF reduction per MSD up to 7 deposits right?

    Correct

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  • henneganhennegan Member Posts: 10
    I'd like to ask a very "broad brush" question as i contemplate a few different offers:

    If you have a sales price at invoice or say $500 below on an i3, and a base MF, unless you're dealing wth a shady dealer you are getting a good deal, Yes or No.....or Maybe?
  • MichaellMichaell Moderator Posts: 255,493
    hennegan said:

    I'd like to ask a very "broad brush" question as i contemplate a few different offers:

    If you have a sales price at invoice or say $500 below on an i3, and a base MF, unless you're dealing wth a shady dealer you are getting a good deal, Yes or No.....or Maybe?

    Generally, we suggest 7% off sticker is a good price. If you can get that with the base MF, you're doing well.

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  • ikingerikinger Member Posts: 14
    I'm in SoCal and this post is a supliment to the discussion of 2017 BMW i3 REX lease offer sheets and options.

    PLEASE READ THIS. I want to leave some important information and I also want (need!) your humble advice if possible, about leasing a 2017 i3 REX WITH A $9,500 VOUCHER that can be put toward a new purchase or lease!

    Yes, thats nearly $10k cash incentive I've qualified for to use towards a lease, but I don't know how to best leverage it without getting taken by a shady dealer. PLEASE ADVISE. Let me explain.

    In searching under evey rock for extra BEV / PHEV incentives in Calfornia, HERE'S WHAT I DISCOVERED...

    Through the SCAQMD (South Coast Air Quality Management District) I've qualified for an additional $9,500 incentive/voucher (yes, I said it, AN ADDITIONAL incentive on top of the CA Rebate and the Federal Tax incentive. YOU READ THIS CORRECTLY.

    HOW? Simply by salvaging my 2002 polluting Toyota Camry SE... taking it off of the road and being rewarded with a CASH VOUCHER.

    I qualified for a $9,500 "Plus" incentive (and maybe you can too If:
    -- Live in Southern California (even better, the area surrounding the City of Los Angeles)
    -- Have a late 1990's to earl 2000's vehicle that is smog tested and found to be excessively polluting.
    -- Have had that vehicle register for two consecutive years in California with a clean pink slip.
    -- A copy of your filed 2016 taxes and are within a certain income criteria.

    IT'S A PERFECT STORM OF GOOD FORTUNE AND MAYBE YOU CAN QUALIFY, TOO!

    I can answer questions about this amazing (I still can't believe it) incentive, HOWEVER, I need to know how to best leverage this cash voucher into a lease when I know (as I've read hear) that you never put a sizable down payment t on a lease. I have 30 days to get a contract ready for a lease or purchase and I'd like to leverage this $9,500 to find a near ZERO LEASE. If I don't set it up in 30 days, I have to re-register for the incentive.

    In addition to the $9,500.
    -- My state of CA rebate will be $4,500 ($2,500 + $2,000 -- low income incentive)
    -- I'll receive up to a $2,000 reimbursement from SCAQMD for installing a level 2 charger
    -- I'll also receive $500 towards the purchase of a level to charger from LA DWP for being a DWP resident.

    The final incentive (not including the $7,500 Federal tax incentive) comes to a whopping $16,000 AND I HAVEN'T EVEN STARTED NEGOTIATING A LEASE DEAL YET!

    How do I use this extra voucher/cash to get the best levage on a i3 Rex lease? Or, should I buy?

    Any impressions and/or advise will be appreciated and I'm happy to put anyone in contact with the SCAQMD for a run at some amazing additional BEV incentives.
  • kyfdxkyfdx Moderator Posts: 257,206
    We don't have any information on that program.

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  • ikingerikinger Member Posts: 14
    Here's the info on the Replace Your Ride program.

    https://www.replaceyourride.com/

    I'd still really love for one of the lease gurus here (kyfdx or Michaell) to give me some of your best advice knowing I'm going into a lease negotiation with $10k to use AND how I need to approach the negtiation.

    It's plastered over most lease related blogs to NOT but down payments on leases. So, what's the mindset knowing I have this bag of cash?
  • MichaellMichaell Moderator Posts: 255,493
    ikinger said:

    Here's the info on the Replace Your Ride program.

    https://www.replaceyourride.com/

    I'd still really love for one of the lease gurus here (kyfdx or Michaell) to give me some of your best advice knowing I'm going into a lease negotiation with $10k to use AND how I need to approach the negtiation.

    It's plastered over most lease related blogs to NOT but down payments on leases. So, what's the mindset knowing I have this bag of cash?

    On the application page, I see the following question:

    I wish to purchase a conventional hybrid, plug-in hybrid, or zero-emission vehicle: Yes / No

    It doesn't say anything about a lease, but I don't see any language that specifically excludes leasing. You may want to call and ask.

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  • kyfdxkyfdx Moderator Posts: 257,206
    There is a list of vehicles you can lease, but they are all 2015 models? Seems like a lot of that website is out of date.

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  • gabbgabb Member Posts: 6
    I just got this today and will probably go for it soon. Unfortunately didn't qualify for any discounts or incentives (except for the 7.5k) :( the MF comes to that after the MSDs.

    With everything I've learned on this forum (thanks everyone!) I don't see major wrong with it but I welcome any input


  • MichaellMichaell Moderator Posts: 255,493
    gabb said:

    I just got this today and will probably go for it soon. Unfortunately didn't qualify for any discounts or incentives (except for the 7.5k) :( the MF comes to that after the MSDs.

    With everything I've learned on this forum (thanks everyone!) I don't see major wrong with it but I welcome any input


    The math is correct on that quote,

    However, MF is marked up the max - base is .00140 and .00091 after the 7 MSDs.

    Likely costing you $25-30/mo on the payment, before tax.

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  • kyfdxkyfdx Moderator Posts: 257,206
    Michaell said:

    gabb said:

    I just got this today and will probably go for it soon. Unfortunately didn't qualify for any discounts or incentives (except for the 7.5k) :( the MF comes to that after the MSDs.

    With everything I've learned on this forum (thanks everyone!) I don't see major wrong with it but I welcome any input


    The math is correct on that quote,

    However, MF is marked up the max - base is .00140 and .00091 after the 7 MSDs.

    Likely costing you $25-30/mo on the payment, before tax.
    Also, they gave you a $3705 discount from MSRP.

    I'd at least try telling them you'd take the deal, if they give you the base MF.
    It's worth a shot. $29.70/mo. lower.

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  • gabbgabb Member Posts: 6
    hmm. I did notice this was more than usual but he said it fluctuates and this month it was more than the last. kyfdx: yes that sounds like a great idea. Thanks for your input
  • ikingerikinger Member Posts: 14
    Re: "Replace Your Ride" program 
    This is my third post here in 24 hours and everyone seems very intelligent and no-nonsense -- I'm thankful for the time and effort of everyone --  but I'm repeating myself unnecessarily as if I'm in a time warp.  And I'm goIng to obnoxiously repeat myself again.  

    Maybe if I'd have just posted one sentence and asked,  "... hypothetically, if someone gave you $10k that HAD TO put towards an i3 REX lease, how would you leverage that $10k in a negotiation?"  

    So,  If you don't know how one needs to best proceed on a lease negotiation with an extra $9500, then just say so and I'll seek advice elsewhere.  No problem.  

    This program is helping many people who would otherwise have no opportunity to get into to a BEV or PHEV because they can't afford it.  Believe it.

    I posted this here to inform people of this REAL opportunity and give hope to folks who don't think they can afford one of these vehicles.  I have no doubt someone HERE will apply from the link I've posted and QUALIFY and come back here and ask the same question I'm asking.  So let's break it down.

    I'm seeking advice on how to proceed to make a lease deal with a  guaranteed $9,500 in my back pocket...  cash specifically ear marked for a BEV lease.

    The website is indeed a bit out of date by not showing newer 2016-17 cars but DONT BE FOOLED or think this is a reason to ignore or blow this off.  There are many details that aren't posted on the website because it's over-kill and too much info that case managers more easily answer in a phone conversation.

    They're armed and funded with several million dollars in reserve and HIGHLY motivated to find as many polluting cars, get them off of LA streets and replace them with zero or low emission vehicles.

    There are conscientious individuals like myself on this string who can qualify for this additional windfall.  This incentive is a potential life saver for those who believe in zero emission cars but may be too cash strapped to make this kind of purchase.  It's enormous opportunity to get into ZERO / low emission vehicle if your living in SoCal and the clock is ticking for me to negotiate.  

    I'll state again, I pre-qualify to use a cash voucher in the amount of $9,500 on a new, used, OR ON A LEASE because of an additional incentive I qualify for due to my zip code. It's called a "PLUS" incentive where folks who live in specific zones / neighborhoods in SoCal that are in high risk pollution zones -- places in the city surrounded by major freeways that are high risk smog areas and the SCAQMD is serious about pulling high emitting cars off LA freeways and ARE PAYING HANDSOMELY to "Replace Your Ride."

    NOW, take my word for it... it's golden, I qualify and intend to use this like-cash-voucher on a lease for a zero emission vehicle, BUT I haven't read a single word of advice in any blog ANYWHERE that advised how an individual should approach a lease with A GUARANTEED $10k In their back pocket.  

    The sales manager at some point in my negotiations will be told that I have $10k and I DO NOT INTEND ON GETTING RAKED OVER THE COALS by a dealership who wants to eat up this REAL CASH when if I play it the right may be able to negotiate a three year near zero monthly payment... 
  • MichaellMichaell Moderator Posts: 255,493
    ikinger said:

    Re: "Replace Your Ride" program 
    This is my third post here in 24 hours and everyone seems very intelligent and no-nonsense -- I'm thankful for the time and effort of everyone --  but I'm repeating myself unnecessarily as if I'm in a time warp.  And I'm goIng to obnoxiously repeat myself again.  

    Maybe if I'd have just posted one sentence and asked,  "... hypothetically, if someone gave you $10k that HAD TO put towards an i3 REX lease, how would you leverage that $10k in a negotiation?"  

    So,  If you don't know how one needs to best proceed on a lease negotiation with an extra $9500, then just say so and I'll seek advice elsewhere.  No problem.  

    This program is helping many people who would otherwise have no opportunity to get into to a BEV or PHEV because they can't afford it.  Believe it.

    I posted this here to inform people of this REAL opportunity and give hope to folks who don't think they can afford one of these vehicles.  I have no doubt someone HERE will apply from the link I've posted and QUALIFY and come back here and ask the same question I'm asking.  So let's break it down.

    I'm seeking advice on how to proceed to make a lease deal with a  guaranteed $9,500 in my back pocket...  cash specifically ear marked for a BEV lease.

    The website is indeed a bit out of date by not showing newer 2016-17 cars but DONT BE FOOLED or think this is a reason to ignore or blow this off.  There are many details that aren't posted on the website because it's over-kill and too much info that case managers more easily answer in a phone conversation.

    They're armed and funded with several million dollars in reserve and HIGHLY motivated to find as many polluting cars, get them off of LA streets and replace them with zero or low emission vehicles.

    There are conscientious individuals like myself on this string who can qualify for this additional windfall.  This incentive is a potential life saver for those who believe in zero emission cars but may be too cash strapped to make this kind of purchase.  It's enormous opportunity to get into ZERO / low emission vehicle if your living in SoCal and the clock is ticking for me to negotiate.  

    I'll state again, I pre-qualify to use a cash voucher in the amount of $9,500 on a new, used, OR ON A LEASE because of an additional incentive I qualify for due to my zip code. It's called a "PLUS" incentive where folks who live in specific zones / neighborhoods in SoCal that are in high risk pollution zones -- places in the city surrounded by major freeways that are high risk smog areas and the SCAQMD is serious about pulling high emitting cars off LA freeways and ARE PAYING HANDSOMELY to "Replace Your Ride."

    NOW, take my word for it... it's golden, I qualify and intend to use this like-cash-voucher on a lease for a zero emission vehicle, BUT I haven't read a single word of advice in any blog ANYWHERE that advised how an individual should approach a lease with A GUARANTEED $10k In their back pocket.  

    The sales manager at some point in my negotiations will be told that I have $10k and I DO NOT INTEND ON GETTING RAKED OVER THE COALS by a dealership who wants to eat up this REAL CASH when if I play it the right may be able to negotiate a three year near zero monthly payment... 

    There really isn't a choice here - that $10k would have to be used as a cap reduction.

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  • routerjockeyrouterjockey Member Posts: 3
    Hello folks,
    I'm new to leasing and would appreciate feedback on whether this is a good deal or not.
    94Ah BEV, 36 months lease.

    Thank you in advance.



  • kyfdxkyfdx Moderator Posts: 257,206

    Hello folks,
    I'm new to leasing and would appreciate feedback on whether this is a good deal or not.
    94Ah BEV, 36 months lease.

    Thank you in advance.



    We are used to seeing a $7500 rebate. Where is the other $1500 coming from? Some sort of state rebate?
    No sales tax?

    $2000 discount is just okay. We've seen 7% or more (about $3500)

    Also, if you make the first payment, instead of rolling it in, the payment would drop below $350/mo., and your MSDs would drop to 7 X $350, or $2450, instead of $2800.

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  • henneganhennegan Member Posts: 10
    Thoughts on this offer:

    MSRP: 49495



  • MichaellMichaell Moderator Posts: 255,493
    hennegan said:

    Thoughts on this offer:

    MSRP: 49495



    $5200 is an awful lot out of pocket. Better to use that money as MSD to buy down the MF.

    And, the MF is .00140, not 1.4 - that makes me suspicious.

    Better to limit the up front cash to the first payment, license & registration costs - add everything else into the lease payment.

    Therefore, the cap cost would be: $45,950 + $925 + $80 + $963 (tax on $7500) - $7500 (rebate) = $40,418

    Your up front cash would be $422 (1st payment) + $434 (license / reg) = $856

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  • henneganhennegan Member Posts: 10
    I should have mentioned 2500 of the 5200 out of pocket is an additional California rebate and I was going to pay fees up front. 

    I too was curious about the money factor. I had an additional "build " from them that had .00091 (after MSD's). I wanted another set of eyes to confirm that I wasn't  seeing something. I'll be sure to ask about it. I'm assuming that would reduce the monthly payment a fair amount. 

    I sincerly appreciate the help, thanks.
  • MichaellMichaell Moderator Posts: 255,493
    hennegan said:

    I should have mentioned 2500 of the 5200 out of pocket is an additional California rebate and I was going to pay fees up front. 

    I too was curious about the money factor. I had an additional "build " from them that had .00091 (after MSD's). I wanted another set of eyes to confirm that I wasn't  seeing something. I'll be sure to ask about it. I'm assuming that would reduce the monthly payment a fair amount. 

    I sincerly appreciate the help, thanks.

    Isn't the $2500 a rebate that is mailed to you after the transaction is completed?

    The reduced MF from the MSD should shave $25-40/mo off the payment.

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  • kyfdxkyfdx Moderator Posts: 257,206
    hennegan said:

    Thoughts on this offer:

    MSRP: 49495



    8% off MSRP before rebate is pretty good.

    If you have cash around, I'd suggest making multiple security deposits and bringing that rate down.
    Seven MSDs drops the rate to .00091
    $46954.50 Gross CAP (selling price + acq.fee/doc fee)
    $7500 rebate - $656.25 upfront tax = $6834.75 CAP reduction
    $40,119.75 Net CAP
    $379.65/mo.+tax = $412.87/mo.

    Due at signing
    $412.87 1st payment
    $434 license/registration
    $3150 security deposit (7 X $450) refundable at lease end.
    -------

    $3996.87 due at signing.

    Total cost of lease in your post: $16052.22
    With MSDs: $15,297.32

    $750 savings or about $21/mo.
    None of those changes will change the dealer's proceeds, so no issue on their end.

    ------------------------------------------------
    If we make a further $500 CAP reduction, we can get the payment down to $398.63/mo, and the seven deposits will drop to $2800 (7 X $400)

    In that case,
    $398.63
    $434
    $500 CAP reduction
    $2800 security deposit
    ---------------
    $4132.63 due at signing
    $398.63/mo. for 35 more months

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  • routerjockeyrouterjockey Member Posts: 3
    edited March 2017
    kyfdx said:



    .00140 MF and 58%/57% residual for 36 months
    $7500 lease cash

    For all i3 models.

    Is .00140 MF what dealers buy the loan at? One of them is telling me they want to make some money on that to pay the finance people, so the MF to me is .00150 (before MSDs). Is that true or is it BS?
  • MichaellMichaell Moderator Posts: 255,493

    kyfdx said:



    .00140 MF and 58%/57% residual for 36 months
    $7500 lease cash

    For all i3 models.

    Is .00140 MF what dealers buy the loan at? One of them is telling me they want to make some money on that to pay the finance people, so the MF to me is .00150 (before MSDs). Is that true or is it BS?
    .00140 is the MF for top tier credit. Dealer is allowed to mark it up for extra profit. You have the right to refuse the markup and work with a dealer who will give you the base rate.

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  • routerjockeyrouterjockey Member Posts: 3
    kyfdx said:



    We are used to seeing a $7500 rebate. Where is the other $1500 coming from? Some sort of state rebate?
    No sales tax?

    $1,500 is fleet rebate that I get as employee of a large tech company.
    No sales tax on EV leases in WA, looks like.
  • kyfdxkyfdx Moderator Posts: 257,206

    kyfdx said:



    We are used to seeing a $7500 rebate. Where is the other $1500 coming from? Some sort of state rebate?
    No sales tax?

    $1,500 is fleet rebate that I get as employee of a large tech company.
    No sales tax on EV leases in WA, looks like.
    That's a nice bonus, considering the sales tax rate in WA. .00010 isn't much of a markup on the money factor. $5-$6 per month.

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  • stp5stp5 Member Posts: 35
    Any changes for April? Looking for 2 year / 10k lease. Thanks!
  • kyfdxkyfdx Moderator Posts: 257,206
    stp5 said:

    Any changes for April? Looking for 2 year / 10k lease. Thanks!

    March program extended through Sunday

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  • stp5stp5 Member Posts: 35
    Ok I'm back again wondering about any changes to BMW's offerings for April on 2 year / 10k lease. :smile:
  • gabbgabb Member Posts: 6
    yeah was wondering myself what the base MF is this month
  • MichaellMichaell Moderator Posts: 255,493
    stp5 said:

    Ok I'm back again wondering about any changes to BMW's offerings for April on 2 year / 10k lease. :smile:

    .00146 and 64%

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  • MichaellMichaell Moderator Posts: 255,493
    gabb said:

    yeah was wondering myself what the base MF is this month

    .00146

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  • stp5stp5 Member Posts: 35
    Thanks Michaell!
  • nilwasherenilwashere Member Posts: 1
    edited April 2017
    What's RV for 12k miles over 24, 30, 36 months?
  • MichaellMichaell Moderator Posts: 255,493

    What's RV for 12k miles over 24, 30, 36 months?

    63% / 60% / 57%

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  • stp5stp5 Member Posts: 35
    What is the maximum MF markup allowed by BMWFS?

    I am working on a lease and I haven't broached the topic yet but they have the MF at .00137 after 7 MSDs, which by my calculations indicates they are using a .00186 initial rate.
  • MichaellMichaell Moderator Posts: 255,493
    stp5 said:

    What is the maximum MF markup allowed by BMWFS?

    I am working on a lease and I haven't broached the topic yet but they have the MF at .00137 after 7 MSDs, which by my calculations indicates they are using a .00186 initial rate.

    Which is a .00040 uplift from the base MF - the max allowed.

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  • stp5stp5 Member Posts: 35
    Ah, right you are. Thanks!
  • theothertomtheothertom Member Posts: 12
    I've read that BMW will discontinue the multiple security deposit program on May1. Bummer. Anybody know if they will offer something else to sweeten a deal, especially on an i3 ?
  • MichaellMichaell Moderator Posts: 255,493

    I've read that BMW will discontinue the multiple security deposit program on May1. Bummer. Anybody know if they will offer something else to sweeten a deal, especially on an i3 ?

    I've seen no information about that. Care to post a link?

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  • kyfdxkyfdx Moderator Posts: 257,206
    Michaell said:

    I've read that BMW will discontinue the multiple security deposit program on May1. Bummer. Anybody know if they will offer something else to sweeten a deal, especially on an i3 ?

    I've seen no information about that. Care to post a link?
    It's a fact, unfortunately.

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  • theothertomtheothertom Member Posts: 12
    edited April 2017
    Here's a link
    http://www.bimmerfest.com/forums/showthread.php?t=972966
    Apparently the MSD program isn't mentioned on BMW's website so no "official" announcement was issued regarding its demise. However, several client advisors (i.e., salesmen) verified the change in the link.
  • stp5stp5 Member Posts: 35
    Is the BMW program out for May yet? Looking for i3 BEV 24 mo / 10k
  • kyfdxkyfdx Moderator Posts: 257,206
    stp5 said:

    Is the BMW program out for May yet? Looking for i3 BEV 24 mo / 10k

    .00150 MF and 64% residual
    $7500 lease credit

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  • stimmtwastimmtwa Member Posts: 3
    Thanks for all the info, guys.

    Please can I have an update for May 2017 MF and residual for i3 BEV 36/10?
  • kyfdxkyfdx Moderator Posts: 257,206
    stimmtwa said:

    Thanks for all the info, guys.

    Please can I have an update for May 2017 MF and residual for i3 BEV 36/10?

    .00150 MF and 58% residual

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  • stimmtwastimmtwa Member Posts: 3
    Thanks!
  • tbirdbradtbirdbrad Member Posts: 8
    edited May 2017
    Hi folks - I have the below deal lined up. Given the somewhat lackluster residuals, I feel it is a bit "overpriced". Let me know thoughts please. Thanks

    MSRP of $54,845 (2017 Rex)
    - Sale price pre incentives w/ $925 acquisition fee - $48,914 (12.5% off msrp)
    - Total CAP reduction incentives - $9,000 ($7,500 Fed incentive + $1,500 fleet)
    - Adjusted CAP Cost - $40,504 (includes $590 capped taxes)
    - MF - .0013 (includes .0002 MF reduction for corp fleet deal)
    - Drive off (down at signing) - $346 (first payment only)
    - Sales tax - 7%
    Monthly payment - $346.08 (includes FL taxes)

    24 months, 10k miles per year.

    Thanks!
  • kyfdxkyfdx Moderator Posts: 257,206
    TBirdBrad said:

    Hi folks - I have the below deal lined up. Given the somewhat lackluster residuals, I feel it is a bit "overpriced". Let me know thoughts please. Thanks

    MSRP of $54,845 (2017 Rex)
    - Sale price pre incentives w/ $925 acquisition fee - $48,914 (12.5% off msrp)
    - Total CAP reduction incentives - $9,000 ($7,500 Fed incentive + $1,500 fleet)
    - Adjusted CAP Cost - $40,504 (includes $590 capped taxes)
    - MF - .0013 (includes .0002 MF reduction for corp fleet deal)
    - Drive off (down at signing) - $346 (first payment only)
    - Sales tax - 7%
    Monthly payment - $346.08 (includes FL taxes)

    24 months, 10k miles per year.

    Thanks!

    I get the same payment.
    A dealer can't really adjust their price to make up for the residual set by the bank.
    Looks pretty cheap for a $55K MSRP vehicle, or even relative to a $40K CAP cost.

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