MSRP - $54,520.00 Discount - $3757.04 Sale Price - $50,762.96
Rebate - $1500 (Loyalty) Drive offs - $1300
$750/month tax included
.00166 and 58%
Is the $1300 the amount the dealer is asking for at signing? If it is, it doesn't likely cover all your up front costs (acquisition fee, dealer fee, etc.).
What state and tax rate is this for?
As is, the prices give me a payment, pre-tax, of $624/mo
MF could be marked up, as well.
That's the "cash due" at signing, but I asked the dealer to give me a quote for $1300 because that's the amount I paid on my previous lease. Is this not advised? What's a normal drive-off amount?
This is for Washington State, I think its 10.3%?
Your $624/mo number is a lot less than I'm being quoted. Any idea where the difference is? Is the dealer giving me a really bad deal?
MSRP - $54,520.00 Discount - $3757.04 Sale Price - $50,762.96
Rebate - $1500 (Loyalty) Drive offs - $1300
$750/month tax included
.00166 and 58%
Is the $1300 the amount the dealer is asking for at signing? If it is, it doesn't likely cover all your up front costs (acquisition fee, dealer fee, etc.).
What state and tax rate is this for?
As is, the prices give me a payment, pre-tax, of $624/mo
MF could be marked up, as well.
That's the "cash due" at signing, but I asked the dealer to give me a quote for $1300 because that's the amount I paid on my previous lease. Is this not advised? What's a normal drive-off amount?
This is for Washington State, I think its 10.3%?
Your $624/mo number is a lot less than I'm being quoted. Any idea where the difference is? Is the dealer giving me a really bad deal?
Not a bad deal - at least, not that we can state with certainty.
Likely just missing information; what you need from them is the adjusted cap cost.
The dealer told me the MF is 0.00171 (with 7 MSDs rolled over from my current car), but I found that in order to get the monthly payment I have to set MF to 0.00117.
Did I miss something?
MF is marked up the max amount, before applying the MSDs.
$678/mo if I use the base MF, then adjust for MSD. $714/mo with the marked up MF
Ask the dealer what cap cost they are using for their quote, and how they got there from the adjusted price.
I'm waiting for his reply. Can you tell me how you came to $678/mo?
Edit: The cap cost is probably 51025
Screen capture of my lease calculator with your numbers - the .00131 MF is the base MF of .00166 less the .00035 for the MSDs (7 @ .00005 each)
The dealer told me the MF is 0.00171 (with 7 MSDs rolled over from my current car), but I found that in order to get the monthly payment I have to set MF to 0.00117.
Did I miss something?
MF is marked up the max amount, before applying the MSDs.
$678/mo if I use the base MF, then adjust for MSD. $714/mo with the marked up MF
Ask the dealer what cap cost they are using for their quote, and how they got there from the adjusted price.
I'm waiting for his reply. Can you tell me how you came to $678/mo?
Edit: The cap cost is probably 51025
Screen capture of my lease calculator with your numbers - the .00131 MF is the base MF of .00166 less the .00035 for the MSDs (7 @ .00005 each)
Thanks for the explanation. It was very helpful.
The dealer confirmed the monthly payment ($664) already includes tax and the cash due ($2,000) includes first payment, acquisition fee, license fee and document fee.
It seems that the deal has some hidden factors as I cannot come to the $664 even if I set the MF to 0.00131. Could the deal has trap?
Any help would be appreciated. They did not include the $500 corporate rebate in there. Seems a bit high but I could have been off in my calculations. 10k/36 months in South Carolina 29205. I was told the 995 was the destination charge. Thanks in advance.
Any help would be appreciated. They did not include the $500 corporate rebate in there. Seems a bit high but I could have been off in my calculations. 10k/36 months in South Carolina 29205. I was told the 995 was the destination charge. Thanks in advance.
.00166 MF and 59% residual If they are breaking out the destination charge, that's just sleight of hand. That just means your actual discount is $4815, not $5810.
If I add in the $925 acquisition fee, I get a payment of $765/mo. To get their payment, I have to bump the MF to .00190
No issue with the discount, even when adding back in the $995.
But, the money factor bump is adding about $23/mo.
Ask for the adjusted CAP cost, instead of the "Purchase Option" price they have on the right.
Any help would be appreciated. They did not include the $500 corporate rebate in there. Seems a bit high but I could have been off in my calculations. 10k/36 months in South Carolina 29205. I was told the 995 was the destination charge. Thanks in advance.
.00166 MF and 59% residual
If they are breaking out the destination charge, that's just sleight of hand. That just means your actual discount is $4815, not $5810.
If I add in the $925 acquisition fee, I get a payment of $765/mo.
To get their payment, I have to bump the MF to .00190
No issue with the discount, even when adding back in the $995.
But, the money factor bump is adding about $23/mo.
Ask for the adjusted CAP cost, instead of the "Purchase Option" price they have on the right.
How far can you realistically get below the 7% mark on the discount? As far as they are willing to go?
Any help would be appreciated. They did not include the $500 corporate rebate in there. Seems a bit high but I could have been off in my calculations. 10k/36 months in South Carolina 29205. I was told the 995 was the destination charge. Thanks in advance.
.00166 MF and 59% residual If they are breaking out the destination charge, that's just sleight of hand. That just means your actual discount is $4815, not $5810.
If I add in the $925 acquisition fee, I get a payment of $765/mo. To get their payment, I have to bump the MF to .00190
No issue with the discount, even when adding back in the $995.
But, the money factor bump is adding about $23/mo.
Ask for the adjusted CAP cost, instead of the "Purchase Option" price they have on the right.
How far can you realistically get below the 7% mark on the discount? As far as they are willing to go?
You have to balance the discount against any possible markup to the money factor. If they markup the money factor by .00040, they can discount the car by another 1.5%, and still break even.
My credit is Tier 1, so I know that they marked the money factor up to offset the discount given. I had to pry the money factor out of them after which I told them I knew it was marked up but they insist that it’s BMWs standard rate without markup.
My credit is Tier 1, so I know that they marked the money factor up to offset the discount given. I had to pry the money factor out of them after which I told them I knew it was marked up but they insist that it’s BMWs standard rate without markup.
Is this a good deal or not?
The payment calculation with that adjusted CAP cost and marked up money factor is correct.
Looks like $1960 of charges added to the CAP, after accounting for sales tax and your $3500 upfront. $925 acquisition fee.... what other charges that would add up to over $1000?
My credit is Tier 1, so I know that they marked the money factor up to offset the discount given. I had to pry the money factor out of them after which I told them I knew it was marked up but they insist that it’s BMWs standard rate without markup.
Is this a good deal or not?
The payment calculation with that adjusted CAP cost and marked up money factor is correct.
Looks like $1960 of charges added to the CAP, after accounting for sales tax and your $3500 upfront.
$925 acquisition fee.... what other charges that would add up to over $1000?
$32/mo. just for the money factor markup
The additional items include: $158 doc prep, $33 title fees, $673 first payment, $162 license fees, $24 registration, there were also two add-ons $399 paint and fabric protection and $259 for permaplate theft protection. I’m not a fan of dealer add-ons but the paint and fabric protection are worth it given the cost of the vehicle and the upgraded leather seats. I refuse to pay for the permaplate so I made them discount the car further to offset the cost. My original offer was $47,500.
I figured they marked up the money factor to offset the additional discount I asked for which sucks but Overall is this a fair deal?
One thing I’ll add is the car has Luxury packages added and is fresh from the factory, so I assume that’s what they are trying to make up for the additional $2000 discount asked for from their initial best price.
The additional items include: $158 doc prep, $33 title fees, $673 first payment, $162 license fees, $24 registration, there were also two add-ons $399 paint and fabric protection and $259 for permaplate theft protection. I’m not a fan of dealer add-ons but the paint and fabric protection are worth it given the cost of the vehicle and the upgraded leather seats. I refuse to pay for the permaplate so I made them discount the car further to offset the cost. My original offer was $47,500.
I figured they marked up the money factor to offset the additional discount I asked for which sucks but Overall is this a fair deal?
One thing I’ll add is the car has Luxury packages added and is fresh from the factory, so I assume that’s what they are trying to make up for the additional $2000 discount asked for from their initial best price.
What’s the current money factor and residual on a 2018 X3 M40i 10k/36mo in Vancouver, WA 98682 / Portland, OR 97217? And any lease incentives? (I live in WA, but will buy in Portland most likely)
What’s the current money factor and residual on a 2018 X3 M40i 10k/36mo in Vancouver, WA 98682 / Portland, OR 97217? And any lease incentives? (I live in WA, but will buy in Portland most likely)
What’s the current money factor and residual on a 2018 X3 M40i 10k/36mo in Vancouver, WA 98682 / Portland, OR 97217? And any lease incentives? (I live in WA, but will buy in Portland most likely)
.00166 MF and 59% residual
No lease incentives
Purchase incentives? I’m flexible for the right deal.
What’s the current money factor and residual on a 2018 X3 M40i 10k/36mo in Vancouver, WA 98682 / Portland, OR 97217? And any lease incentives? (I live in WA, but will buy in Portland most likely)
.00166 MF and 59% residual No lease incentives
Purchase incentives? I’m flexible for the right deal.
$2000 for financing through BMWFS Dealer gets $2000 incentive on cash deal. 1.9% APR for up to 60 months.
Comments
This is for Washington State, I think its 10.3%?
Your $624/mo number is a lot less than I'm being quoted. Any idea where the difference is? Is the dealer giving me a really bad deal?
Likely just missing information; what you need from them is the adjusted cap cost.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Edit: The cap cost is probably 51025
Screen capture of my lease calculator with your numbers - the .00131 MF is the base MF of .00166 less the .00035 for the MSDs (7 @ .00005 each)
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Edit: The cap cost is probably 51025
Screen capture of my lease calculator with your numbers - the .00131 MF is the base MF of .00166 less the .00035 for the MSDs (7 @ .00005 each)
Thanks for the explanation. It was very helpful.
The dealer confirmed the monthly payment ($664) already includes tax and the cash due ($2,000) includes first payment, acquisition fee, license fee and document fee.
It seems that the deal has some hidden factors as I cannot come to the $664 even if I set the MF to 0.00131. Could the deal has trap?
Otherwise it might not be a bad deal?
2001 Passat2010 G37S Sedan2013 G37xS Sedan2014 QX602015 Q402016 QX602016 E350 Sedan2017 QX602019 E450 Wagon2021 Sienna XSE AWD2022 Lexus RX3502022 Chrysler Pacifica Hybrid Limited
2023 Nissan Pathfinder Platinum 4WD
Add 2% or 3% for 12K/10K
Loyalty incentives only
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Any help would be appreciated. They did not include the $500 corporate rebate in there. Seems a bit high but I could have been off in my calculations. 10k/36 months in South Carolina 29205. I was told the 995 was the destination charge. Thanks in advance.
If they are breaking out the destination charge, that's just sleight of hand. That just means your actual discount is $4815, not $5810.
If I add in the $925 acquisition fee, I get a payment of $765/mo.
To get their payment, I have to bump the MF to .00190
No issue with the discount, even when adding back in the $995.
But, the money factor bump is adding about $23/mo.
Ask for the adjusted CAP cost, instead of the "Purchase Option" price they have on the right.
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2018 30i - 36/10 & 36/12
2018 m40i - 36/10 & 36/12
Thank you
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2018 m40i - 36/10.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Can someone kindly provide the residual and mf for zip code 07981
x3 2018 36/12
thank you in advance
MF and RV for the 2018 X3 xdrive 36/15k please. 55305.
Anything out there besides the 1k credit?
Thanks
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I don't see a $1000 credit
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You have to balance the discount against any possible markup to the money factor.
If they markup the money factor by .00040, they can discount the car by another 1.5%, and still break even.
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Either trim
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2018 BMW X3
MSRP $52,645
Negotiated Price $47,251
Residual $31,060
Adj. Cap. Cost $49,336
Down Payment $3500
TX Sales Tax $2953
Payment $673
36 months/10K miles
Money Factor: 0.00206
My credit is Tier 1, so I know that they marked the money factor up to offset the discount given. I had to pry the money factor out of them after which I told them I knew it was marked up but they insist that it’s BMWs standard rate without markup.
Is this a good deal or not?
Looks like $1960 of charges added to the CAP, after accounting for sales tax and your $3500 upfront.
$925 acquisition fee.... what other charges that would add up to over $1000?
$32/mo. just for the money factor markup
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I figured they marked up the money factor to offset the additional discount I asked for which sucks but Overall is this a fair deal?
One thing I’ll add is the car has Luxury packages added and is fresh from the factory, so I assume that’s what they are trying to make up for the additional $2000 discount asked for from their initial best price.
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No lease incentives
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No change
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Same numbers for June
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Purchase incentives? I’m flexible for the right deal.
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$2000 for financing through BMWFS
Dealer gets $2000 incentive on cash deal.
1.9% APR for up to 60 months.
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