Is the sales price inclusive of any lease cash? That MF is wrong. Buy rate is .00188, and the lowest you could go would be .00153 with 7 MSDs. Is this new or a loaner?
Not a bad deal. You’re at about 17% off. Id shoot for another 1-2 off, and if you have the cash up front, put down MSDs to buy down the interest a bit.
If I remember correctly, New York dealers are limited to a maximum deposit amount (say $750). However, most NY dealers act like they can’t take MSDs. Whether that is actually correct or not, the reality is that NY dealers don’t do MSDs.
Doesn’t matter where registering. No NY dealer can do MSDs. I had this recently with an Audi dealer in NY who couldn’t do MSDs despite my friend registering out of state.
Still seems a little high for a loaner especially with $3,800 DAS…got a new one with a $66k MSRP for $589/month in NY last month.
I would shop around and there are a ton of loaner X5 out there and if you have the extra cash, the MSDs will save you $30/month or so but would have to shop outside NY. I had pretty good numbers come back from Freehold and Tenafly BMW on loaners.
No matter what, I would roll the tax into the payment.
Yes, I got lucky…was held for awhile and the buyer fell through on the 28th. I wanted driver assist and was one of few I could find in the entire east coast. Keep in mind there were better MF and incentives last month too.
I got it through BMW of Manhattan suprisingly… super straight forward and easy to deal with. Check to see what they have. No MSDs the only drawback,
What about Park Ave? They usually get pretty aggressive. Think 18%-19% off MSRP before rebates is where you want to be.
$580/month is pretty good so I don’t want to discourage you. Loaners are tough as you have little control over options and colors so grab it if you like it. If you are settling at all, look around and see if the end of the month gives you anymore leverage. If you aren’t picky about options, you may be able to do better with new especially with the $1,000 BMW CCA rebate, which loaners aren’t eligible for, and no reduced residual.