How is this BMW 328 lease offer?

Comments

• Michaell Moderator Posts: 241,012

  May 2015

  my_bimmer said:

  Hello everyone,
  
  I'm so happy to get my first car in my life.
  
  I just visited a dealership today. I got the offer for a BMW 328i as below
  
  MSRP: 39900
  RV: 66%
  Lease: 3 yrs / 30k miles
  selling price: 35595 (Is it a good price ? It's almost 2200 below invoice)
  MF: 0.00169 (I told him many people got 0.0013, but he said as I am a F1 student with only 1 year credit history, so the MF is higher. Is this reasonable ? )
  
  corporate offer : my company has a program for 1.5k. I'm not sure how this works ? After applied this offer, my selling price becomes: 35595 - 1500, or I can use this money for down payment.
  
  memorial day is coming. Is there any offer on that day ?
  
  And I live in California.
  
  Thanks

  The base MF is .00129; I'm not sure I believe the dealer's logic for increasing it. You may want to check with other BMW dealers - there are plenty to choose from in CA.
  
  I don't know how your company incentive factors into the deal, either - you should check with someone at your employer to get more details.
  
  I don't know if there will be any special offers for the Memorial Day holiday.

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• my_bimmer Member Posts: 3

  May 2015

  Thank you for your information. The dealer agrees to give me 0.00129 MF. And the corporate offer seems like offering $1500 cash reward, I think this is better then cap cost reduction.
  
  Now it seems the offer looks good. I'm going to close it this weekend. By the way, do you know the base amount for 1) acquisition fee 2) disposition fee 3) doc fee 4) any fee I'm not aware of right now
  
  And will the dealer mark up the DMV fee ? Thank you very much.

  Michaell said:

  my_bimmer said:

  Hello everyone,
  
  I'm so happy to get my first car in my life.
  
  I just visited a dealership today. I got the offer for a BMW 328i as below
  
  MSRP: 39900
  RV: 66%
  Lease: 3 yrs / 30k miles
  selling price: 35595 (Is it a good price ? It's almost 2200 below invoice)
  MF: 0.00169 (I told him many people got 0.0013, but he said as I am a F1 student with only 1 year credit history, so the MF is higher. Is this reasonable ? )
  
  corporate offer : my company has a program for 1.5k. I'm not sure how this works ? After applied this offer, my selling price becomes: 35595 - 1500, or I can use this money for down payment.
  
  memorial day is coming. Is there any offer on that day ?
  
  And I live in California.
  
  Thanks

  The base MF is .00129; I'm not sure I believe the dealer's logic for increasing it. You may want to check with other BMW dealers - there are plenty to choose from in CA.
  
  I don't know how your company incentive factors into the deal, either - you should check with someone at your employer to get more details.
  
  I don't know if there will be any special offers for the Memorial Day holiday.

  0
• kyfdx Moderator Posts: 236,826

  May 2015

  my_bimmer said:

  Thank you for your information. The dealer agrees to give me 0.00129 MF. And the corporate offer seems like offering $1500 cash reward, I think this is better then cap cost reduction.
  
  Now it seems the offer looks good. I'm going to close it this weekend. By the way, do you know the base amount for 1) acquisition fee 2) disposition fee 3) doc fee 4) any fee I'm not aware of right now
  
  And will the dealer mark up the DMV fee ? Thank you very much.
  
  

  Michaell said:

  my_bimmer said:

  Hello everyone,
  
  I'm so happy to get my first car in my life.
  
  I just visited a dealership today. I got the offer for a BMW 328i as below
  
  MSRP: 39900
  RV: 66%
  Lease: 3 yrs / 30k miles
  selling price: 35595 (Is it a good price ? It's almost 2200 below invoice)
  MF: 0.00169 (I told him many people got 0.0013, but he said as I am a F1 student with only 1 year credit history, so the MF is higher. Is this reasonable ? )
  
  corporate offer : my company has a program for 1.5k. I'm not sure how this works ? After applied this offer, my selling price becomes: 35595 - 1500, or I can use this money for down payment.
  
  memorial day is coming. Is there any offer on that day ?
  
  And I live in California.
  
  Thanks

  The base MF is .00129; I'm not sure I believe the dealer's logic for increasing it. You may want to check with other BMW dealers - there are plenty to choose from in CA.
  
  I don't know how your company incentive factors into the deal, either - you should check with someone at your employer to get more details.
  
  I don't know if there will be any special offers for the Memorial Day holiday.

  Base acquisition fee is $795.
  Don't know the disposition fee, but it's on the contract and not alterable or negotiable.
  Doc fee is restricted to $80 maximum in California.
  Never heard of a dealer marking up the actual DMV fees. I would think that would be illegal. Either way, in CA, it's around 1% of MSRP

  Edmunds Price Checker
  Edmunds Lease Calculator
  Did you get a good deal? Be sure to come back and share!
  
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  0
• my_bimmer Member Posts: 3

  May 2015

  Thanks. ~

  kyfdx said:

  my_bimmer said:

  Thank you for your information. The dealer agrees to give me 0.00129 MF. And the corporate offer seems like offering $1500 cash reward, I think this is better then cap cost reduction.
  
  Now it seems the offer looks good. I'm going to close it this weekend. By the way, do you know the base amount for 1) acquisition fee 2) disposition fee 3) doc fee 4) any fee I'm not aware of right now
  
  And will the dealer mark up the DMV fee ? Thank you very much.
  
  

  Michaell said:

  my_bimmer said:

  Hello everyone,
  
  I'm so happy to get my first car in my life.
  
  I just visited a dealership today. I got the offer for a BMW 328i as below
  
  MSRP: 39900
  RV: 66%
  Lease: 3 yrs / 30k miles
  selling price: 35595 (Is it a good price ? It's almost 2200 below invoice)
  MF: 0.00169 (I told him many people got 0.0013, but he said as I am a F1 student with only 1 year credit history, so the MF is higher. Is this reasonable ? )
  
  corporate offer : my company has a program for 1.5k. I'm not sure how this works ? After applied this offer, my selling price becomes: 35595 - 1500, or I can use this money for down payment.
  
  memorial day is coming. Is there any offer on that day ?
  
  And I live in California.
  
  Thanks

  The base MF is .00129; I'm not sure I believe the dealer's logic for increasing it. You may want to check with other BMW dealers - there are plenty to choose from in CA.
  
  I don't know how your company incentive factors into the deal, either - you should check with someone at your employer to get more details.
  
  I don't know if there will be any special offers for the Memorial Day holiday.

  Base acquisition fee is $795.
  Don't know the disposition fee, but it's on the contract and not alterable or negotiable.
  Doc fee is restricted to $80 maximum in California.
  Never heard of a dealer marking up the actual DMV fees. I would think that would be illegal. Either way, in CA, it's around 1% of MSRP

  0