2018 BMW 540I DEMO DEAL with 4k miles

bmw540rkbmw540rk Member Posts: 3
edited March 2018 in BMW
Hi All
Wondering if this is a good deal from the dealer who's selling this demo deal in FL for 10k/36mo for a 2018 540i with 3500 miles
MSRP - $68500
Sale Price - $ 56500
Money Factor - .0095
Adjusted residual for mileage - 59%
Customer Cash - $1400
Dealer rebate - $1000
Total Cap reduction - $1000

Dealer is quoting $685/mo...i am not sure if this is a good deal or not for a demo vehicle with miles and high money factor.
the standard money factor i have read in this forum is .00521 and residual of 61%.

Thanks

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  • kyfdxkyfdx Moderator Posts: 198,813
    bmw540rk said:

    Hi All
    Wondering if this is a good deal from the dealer who's selling this demo deal in FL for 10k/36mo for a 2018 540i with 3500 miles
    MSRP - $68500
    Sale Price - $ 56500
    Money Factor - .0095
    Adjusted residual for mileage - 59%
    Customer Cash - $1400
    Dealer rebate - $1000
    Total Cap reduction - $1000

    Dealer is quoting $685/mo...i am not sure if this is a good deal or not for a demo vehicle with miles and high money factor.
    the standard money factor i have read in this forum is .00521 and residual of 61%.

    Thanks

    Not sure where you are getting your money factors.. But, those money factors are impossible. And, that isn't the money factor used for your quote

    .00156 MF and 61% residual
    The residual is reduced by $0.25/mile..
    So, it's around 59%, but just a little higher.

    To do a proper calculation, we need the adjusted CAP cost. That is the amount after all additions (acquisition fee, dealer/doc fees, DMV fees) and subtractions (rebates, cap cost reductions).

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  • bmw540rkbmw540rk Member Posts: 3
    kyfdx said:

    bmw540rk said:

    Hi All
    Wondering if this is a good deal from the dealer who's selling this demo deal in FL for 10k/36mo for a 2018 540i with 3500 miles
    MSRP - $68500
    Sale Price - $ 56500
    Money Factor - .0095
    Adjusted residual for mileage - 59%
    Customer Cash - $1400
    Dealer rebate - $1000
    Total Cap reduction - $1000

    Dealer is quoting $685/mo...i am not sure if this is a good deal or not for a demo vehicle with miles and high money factor.
    the standard money factor i have read in this forum is .00521 and residual of 61%.

    Thanks

    Not sure where you are getting your money factors.. But, those money factors are impossible. And, that isn't the money factor used for your quote

    .00156 MF and 61% residual
    The residual is reduced by $0.25/mile..
    So, it's around 59%, but just a little higher.

    To do a proper calculation, we need the adjusted CAP cost. That is the amount after all additions (acquisition fee, dealer/doc fees, DMV fees) and subtractions (rebates, cap cost reductions).


    Thanks...Sorry there was a typo in the money factor...

    540i with 3500 miles
    MSRP - $68500
    Sale Price - $ 56500
    Money Factor - .00196
    Adjusted residual for mileage - 59%
    Customer down payment - $1400
    Dealer rebate - $1000
    Acquisition Fee - $925
    Upfront charges - $699
    Total Cap reduction - $1042
    Sales Tax - 6%

    Total Cap Cost = $58124-$1000 = $57124

    Dealer is quoting $685/mo with taxes...i am not sure if this is a good deal or not for a demo vehicle with miles and high money factor.


  • bmw540rkbmw540rk Member Posts: 3
    Thank you !
  • smtl2018_smtl2018_ Member Posts: 4
    You should be able to do better. Shoot for ~20% discount and push for buyrate MF at 0.00156. You also should not put any downpayment.

    With your provided numbers, I get around ~$600 incl. tax though?
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