2018 BMW 540I DEMO DEAL with 4k miles

Answers

• kyfdx Moderator Posts: 236,760

  March 2018

  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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• bmw540rk Member Posts: 3

  March 2018

  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.
  
  
  

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• bmw540rk Member Posts: 3

  March 2018

  Thank you !

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• smtl2018_ Member Posts: 4

  March 2018

  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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