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I just went to a BMW dealer for a test drive and they told me they do "write offs" to compensate for the RV taking such a big hit. I got a terrible offer from them for the lease .. however the RV on the car for the offer was about .596.
It was a 2018 530xi loaner with 4000 miles and MSRP 58140. The sale price they offered was 53330. Is it some sort of gimmick with them giving me a 59.6% RV on this ($34685 in this case).. aka they give me a high residual and make up for it with a higher than normal sale price?
As I've learned (maybe I'm wrong) the proper steps should be:
1. Negotiate a sale price - the target is 7% off MSRP, but that varies based on model and your location (supply/demand). This is your initial adjusted capitalized cost.
2. Lock in all available incentives to further lower your cap cost. Make sure they are giving you everything (shady dealers will try to keep factory-incentives).
3. Negotiate terms of the lease. Knowing what the base RV and MF numbers are from this thread, you can tell if they are adding in profit for themselves by increasing the MF. It's allowed (to a point) and can be used, at times, to offer you a better "sale price." But obviously you want everything to be as low as possible.
4. Determine all fees and your drive-off payment. The experts here recommend paying first payment (always required) and DMV/document fees up front. If you have ZERO drive off, you are rolling in the cost of your first payment and these fees into your "principal" (your final cap cost) in order to drive off without paying anything. Also keep an eye on fees; some dealers can try to add in profit here.
5. This will give you a payment. Each state has different tax requirements so this can change things if you're trying to compare deals in other states.
When they're telling you that you have to pay more up front in order to get a better sale price, then they are just moving money from the "sale price" bucket, to the "drive-off" bucket in order to keep the payment the same (I'd assume). Everything you do in steps 1-3 is to lower the "cost" of the lease overall. Step 4 is to determine your payment based on the "cost" you already set.
Never walk in asking for a particular payment (starting with step 5); they will always find a way to get you what payment you want but it may subtract savings that you could have earned in steps 1-3, or cost you in additional drive-off.
2018 540i M Sports
36/10
MSRP: $67,095
Selling Price: $58,372
Rebates: $4000
Down: $0
Residual: 61%
MF: .00191
Monthly Payment: $717
Does this deal look ok?
Also, the dealer was suggesting to add maintenance agreement and mechanical breakdown protection. Are these necessary? I thought the leased vehicle is covered under the factory warranty for three years (both maintenance and mb). Thanks!
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Lease taxes are very high in Maryland, as they tax the full selling price of the vehicle.
What is the amount Due at Signing on this quote?
Did they give you the adjusted CAP cost?
Those extra cost plans are unnecessary.
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I'll post my full deal shortly. Bottom line:
530e M Sport
$68,470 MSRP
36/10k
$2000 drive off
$705 payment
They marked up the money factor but my adjusted cap cost was 10k+ below sticker. Can't beat that.
I'll post my full deal shortly. Bottom line:
530e M Sport
$68,470 MSRP
36/10k
$2000 drive off
$705 payment
They marked up the money factor but my adjusted cap cost was 10k+ below sticker. Can't beat that.
Congrats!
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Thanks!
I should have noted that it was $705 WITH 9.5% sales tax.
I ran the numbers with a base MF and a more standard sale price (7% off PLUS incentives) and it wasn't any better. I pushed her hard on the MF but she knew she had me. At the end of that day, I still think it's a good deal for a nearly $70k car. Hope it still counts as a good deal to you experts.
I should have noted that it was $705 WITH 9.5% sales tax.
I ran the numbers with a base MF and a more standard sale price (7% off PLUS incentives) and it wasn't any better. I pushed her hard on the MF but she knew she had me. At the end of that day, I still think it's a good deal for a nearly $70k car. Hope it still counts as a good deal to you experts.
$705 with tax is even better.
Dealers are wising up - you can get a big discount from sticker or the base MF, but rarely both. Gotta figure out which results in the better payment.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
$1000 lease credit
$2000 lease loyalty
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
New to the forum. So much to learn. Trying to get the RV/MF on a loaded 530i with M Sport Package in Southern California. 10k/36.
Also: Does it matter what packages the car has or is it just the model that matters?
One more question: When it says the following on the dealership's website, does this mean it already has a nearly 8% discount?
$70,875
MSRP
$6,001
DEALER DISCOUNT
$64,874
SONIC PRICE W/CREDIT
Thank you!
$1000 lease credit
$2000 loyalty
Be advised, that website price may be valid for purchase only and won't work for a lease.
You want to negotiate 7% off MSRP, before applying the incentives.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Can I please get MF and RV for the following in Dallas,Texas for April 2018? Does adding BMW Ultimate care increase the residual? Also, can you please provide incentives and how much (%) discount should I aim for after taxes (before adding incentives) on MSRP.
Also, based on my company I can get upto 1500 incentive as corporate discount but the dealer only mentions $500. Can I negotiate to get more than $500? I also qualify for 1000 grad student incentive. So I'm hoping I can add that together to get a good deal. I'm planning to get good deals on gran coupe (430i xDrive, 440i xDrive) and 530i xDrive. Please advice on how should I proceed
1. 2018 BMW 530i xDrive, 36m/12k -
2. 2018 BMW 530i xDrive, 36m/15k -
Thank you.
$1000 lease credit.
We don't have information on corporate or grad incentives.
Shoot for 7% off MSRP, before deducting incentives
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My dealer's website has global incentives page that has two incentives that is confusing me. Can you please confirm if I can ask the dealer combine these two incentives together on 530i ? Also, this is not the $1000 lease credit right? I'm confused, if these three things are same or different.
One last question, these incentives are provided by manufacturer right ? so if my dealer use these incentives as discount that they're giving. Should I push back and say that I want 7-8% off on MSRP excluding these incentives? please suggest how should I proceed.
Please find the details in the photo attached.
Thank you for your help
Also will $1000 Lease Credit, $2000 Lease Loyalty and $500 Corporate still apply?
I am looking to lease for 36m/12K
thanks
Those are generic offers ("up to $2000"), and not necessarily applicable to your model.
You want 7% off, then deduct the incentives that your model and you are eligible for.
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There is a residual reduction of $0.25/mile for existing mileage.
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MSRP: $65,475.00
SP: $60,891.75
Lease Credit: 1000
Lease Loyalty: 2000
Corp Dis: 500
Tile/Reg/Bank Fees: 1785
12k/36m lease
Dealer is saying $768 Out of Pocket and $767/month
My calcs say with these numbers it should be $731 including NJ Tax or $684 without the tax
Thoughts?
I get $706/mo.+tax
If I add $2000 for tax, I get $765/mo... pretty close
Also, if it's a loaner, you have to adjust the residual
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I was just quoted for 530i and I think the price is too bumped up for 60K price after residual. Can you please take a look and provide any suggestions ? Thank you
Adding service packages does not affect the residual.
Can't comment on the prices, as the MSRP is not provided.
The base MF is .00156 for all models, this month. It's marked up the maximum on all of those quotes.
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I am a bit confused by this offer for a 2018 530i Series sedan. Can someone explain this in plain terms. Thanks.
MSRP 58,650
Dealer CHG 995
Misc fees/dealer chgs/taxes 1,000
Residual 0.58
Money Factor 0.00176 discounted for sec deposit to 0.0141 (4,900 rolled over from prior lease + add'l $800 added) (no credit issues, so I'm thinking the base rate is high)
7.5% sales tax
Discounts 4,500
Monthly Payment $795 (incl tax) x 36 mo
15,000 miles (0.20/over mi)
Due at sign $2,390 (no money down; 1st payment; includes additional $800 for 7th sec deposit)
Is this Florida? If so, typical dealer doc fee ($995! wowza....)
What do the misc fees and such entail?
Can you get a full breakdown of the $2390 due at signing?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
I see from other posts that the MF is higher than normal, but I would like to know how much the depostit reduces the MF. If it minimums out at 0.00141 no matter where it starts, that's OK. If not, then there is an issue. What is realistic do you think?
We've heard the new plan is five deposits @ .00005 each, for a total reduction of .00025. Looks like they are using 7 deposits? Even if it's 7 deposits X $800, that's $5600, and you are only $700 short, not $800. I'd ask them to clarify. If it's 5 deposits, you should be getting $900 back.
So... there is a $995 fee and a $699 fee? Are you sure about the $995 being a dealer fee?
Ask for the adjusted CAP cost.
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Not apples to apples, but I just got a custom-ordered $68k 530e (36/10k, yes) for $705/mo.
Unless you're in a remote part of Florida, there has to be other dealers to comparison shop.
Thank You!
$2000 lease credit
$2000 loyalty credit
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Also are there any incentives on this model?
Thanks!
For eg- if the MSRP (Sticker) is $10,000 and the negotiated price came down to 5,000 (after discount and incentives). what would be the tax for the car based on 6.25% rate? Thank you
Also, I like the car from a dealer but that car is still in transit to showroom (I didn't order it). I want to know if the negotiations still holds the same for the car that is coming to the lot in sometime and for the car that are already in the lot.
$1000 lease credit
$2000 loyalty
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
What is the MF and Residual for a 36/30/24 month 12K lease for the 2018 530e and 530e xDrive?
Is there a "Sweet spot" for the lease?
Any incentives on this model?
Thank you!
36 months is the best term.
$2000 lease credit on hybrid
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If you lease, then BMWFS is technically "buying" the car from the dealer (and "renting" it to you), so they get the rebate. They are offering a $2000 lease incentive on the 530e ($1000 more than other 5 series) as a "bonus" for people interested in the PHEV. You will only get the full $4668 if you are the one buying it.
State rebates, at lease in CA, do go to the leasee, though. Currently $1500 on the 530e in California.
No MSD program from BMW
$2000 loyalty
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Dealers will always be willing to make a deal on a car already on the lot. A car in transit? Not so much.
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