Can you help me figure out why this monthly payment is looking so high?
2017 BMW 320i
MSRP - $45340
Selling Price - $29982
RV - 54%
MF - .00152
Acquisition fee - $925
Total - $30907
Payment - $351
Term 36/10,000
Zero Down / Only 1st Month at Drive Off …
RV on a new 320 for 36/10k is 61%, why is yours only 54%?
Calculating your numbers gives 262 a month before taxes.
The RV is 61% on 36/10.
The correct monthly would be 179 before taxes, on 61% RV. You need to ask for a breakdown.
Probably a higher mileage loaner.
Definitely, I bet the net cap is also higher since their quote with the adjusted RV is not even close.
Just checked with the sales rep and the car has 8810 miles. Does that solely attribute for the high monthly payment?
Yes, loaners that have more than 5k miles don’t lease well. They take an extra residual hit and aren’t eligible for the new car incentives.
I’d look for another loaner.