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The money factor is marked up from .00166 to .00206.
That adds about $33/mo. to the payment.
So, while the discount looks good, they have clawed back about $2000 in doc fees and money factor bumps.
This nothing out of pocket, right? just 35 payments?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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If this truly is an OL can I stack this with the BMW advertised owner loyalty credit of $1,500?
Thanks!
"Customer must register and attend The BMW Driving Experience in order to claim offer. Offer valid to registered attendees of The BMW Driving Experience or any family member residing within the same household. Most new 2018 BMW models are eligible for the $1,000 Credit offer with the exception of the BMW i8. Customer must take delivery by August 31, 2018. Offer valid on final negotiated price and may be combined with select applicable BMW offers available at the time of purchase. Offer may not be applied to prior purchases or on previously ordered vehicles. BMW Financial Services not required for funding of lease or purchase to take advantage of this offer. BMW NA Company vehicles, retired AMP vehicles, retired Extended Test Drive vehicles, Center Employee Lease vehicles, European Delivery vehicles, USAA, Daily Rentals, and EPP do not qualify. Offer cannot be used in conjunction with any other driving event offer, Drive for Team USA, Ultimate Driving Experience, Golf Cup Offer, USAA Military Program or any Event related or closing / conquest cash offers.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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I was referring to this announcement regarding NY MSD program. It's now through July 31st, so it appears that $749 is max total deposit.
No, you can't do MSDs with a NY dealer, no matter where you reside. If you are a NY resident, you can do MSDs through an out-of-state dealer.
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gasman47 where was this published?
Also, the dealer is claiming they have no room to adjust the MF of .00206 as this is standard across all of their vehicles and unlike in the past, they are unable to change this number. Sounds like a lie to me?
How does this deal look? Thanks again...
2018 BMW X3
MSRP: 58,220
SAVINGS: $5,000
Sale Price: 53,220
Milage Overage Fee for previous BMW turning in: $1,675
Tire Replacement Cost Old BMW turning in: $1,200
UT tax rate 6.85%: $3,974
Fees: $610
Residual: 56%
36/12k
MF: 0.00206
Grand Total: $60,604
36M/12K w/ $3000 total due at signing: $836
36M/12K w/ $4000 total due at signing: $806
1. Dealers will tell you anything to justify a higher MF. Tell them you want the base rate, or you walk.
2. UT taxes the monthly payment on a lease, so you can ignore the $3974 number; ask the dealer what cap cost they used for their payment quotes.
3. Why would you get 12,000 miles on the new lease when you were over so many miles on your last lease? Won't you be in the same position again 3 years from now?
4. 36/12 residual is 58%, not 56%; 56% is the 36/15 residual. Confirm with your dealer how many miles you are signing up for.
5. The $2875 in carryover charges will add almost $80 to your lease payment
6. We aren't fans of big cash down payments on a lease; just first payment and registration costs.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
You should be able to get 10 percent off MSRP, and then use your loyalty incentive. Don't let them include your loyalty incentive in their selling price. If you are in UT, you should contact Socal dealers and have them ship to you if dealers aren't willing to play ball. Bankrate has a pretty straight forward lease calculator. Every $1,000 extra you pay is about $30 a month. If you have over 700 credit you should be able to get the money factor of .00166. If you're going to spend $58K, you might as well get the M40i. I'm zeroing in on a deal where I'll be paying several hundred dollars less a month for a more expensive M40i with only drive offs. Use these forums to educate yourself, not just to ask if it's a good deal or not.
Ask to see what the "fees" are. It's funny how dealers will play ball when you say you found a deal much more than 10% off MSRP. The same ones who said they couldn't go below 8.4 percent a day ago.
Milage Overage Fee for previous BMW turning in: $1,675
Tire Replacement Cost Old BMW turning in: $1,200.
Next time replace your tires before you turn the car in, a local shop will be 15-30 percent cheaper or just call the BMW Service Center and ask them to beat the price. That's what I did.
What ZIP for incentives?
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What are the current cash and financing incentives to purchase the same vehicle?
Thanks again!
no lease incentives
7% off MSRP is a good target price
purchase - no incentives and 1.9% up to 60 months; 2.6% for 61-72 months
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Yes, calculate the residual as 59% of MSRP, then deduct .25 for each mile on the vehicle in question.
Hypothetical numbers:
MSRP - $52,000
Residual Value - $30,680
Miles on vehicle - 4000
Adjusted residual value - $30,680 - (4000 * .25) = $29,680
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
**MSRP: $60,445
**Selling Price: $54,400
**Acquisition Fee: $925
**Doc Fee: $141
**DMV Fees: $221.15
**Taxes: $1636.23
**Monthly Payment: $647
**Down Payment: $500 (this is what he worked the deal off of; I wouldn't put this down)
**MSD:7
**Incentives: $1,500 loyalty and $1,000 Spring into Summer (I also have $500 from having a three year CCA membership, but they're saying I get this from BMW...is that correct?)
**DAS $1,322 ( plus the MSD's)
**Months:36
**Annual Mileage:12,000
**MF: .00166
**Effective MF: .00131
**Residual: 58%
**Will be registered in NC
My questions are:
-Does the deal look good? I'm really trying to get to $599 month with nothing down.
-Using all the lease calculators I can find, I get a lower payment, and it seems to be due to the tax. Is it correct to use 3% of the sale price for tax, for a vehicle being registered in NC? He also just told me that I have property tax that needs to be added.
-Are there any other incentives available? I saw on a VA dealer site that starting yesterday, there was a $2000 dealer allowance...Can this be used for a lease?
-How does the $500 CCA rebate get used?
-I have two payments left on a 3-series lease...will I be able to get the dealer to take those on, or will they just add the payments on to the sale price? (I know it's up to the dealer, but is this something dealers do?)
NC taxes the monthly payment on a lease, at the 3% rate, so you should exclude the tax amount from the calculations.
I only see the $1500 loyalty incentive; no reference to any others. No insight as to how the CCA incentive is used.
You are already getting ~10% off sticker; to drop the payment to sub-$600/mo, you'll need them to discount the car another $2K. You can ask, but not certain that you'll get.
I'm not aware of any formal pull ahead program, so the remaining two payments may end up going into the new lease. Can you wait until the existing lease is up?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
$1500 loyalty, if you qualify
Target 12-15% off MSRP
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7% off MSRP, before incentives.
No insight as to what the future holds for the programs.
MSD program has been discontinued.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
That payment seems really high, given the numbers you've provided.
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Can I please have the Residual and MF values for both X3 sDrive30i and xDrive30i in SoCal 36mo and 12k miles.
Thanks!
No lease incentives
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
MSRP $64,095
SALES PRICE $56,100
INCENTIVES $1500 (LOYALTY) $500 (DRIVING EVENT CREDIT) $500 BMW ( MAIL IN REBATE NOT APPLIED TO FINAL DEAL)
CAP COST $54,100
15K PER YR 56%
MF .00166
12.5% OFF OF MSRP before incentives/rebates/credits
16.4% OFF when incentives/rebates/credits applied
Thanks for all the great info Edmunds! It definitely helped.
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07078
36/10
Thanks
New programs aren't scheduled to start until Thursday
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can I get the current MF, RV and target % off MSRP for 36month, 10miles/year, BMW x3 sdrive and xdrive in Los Angeles? thanks
Generally, shoot for 7% off MSRP.
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Is that for all manufacturers or just BMW? New programs aren't scheduled to start until Thursday