Appreciate some feedback on this one…
Msrp: $45,100
Total suggested price: $46,285
Gross cap cost: $45,100
Cash cap reduction: $3,500
Adjusted cap cost: $41,610
$500 down
NOTE: dealer is making last 2 lease payments on current car ($400x2)
Residual: 57%. / $26,382
Payment: $536
10k / 3yr
Thanks folks. Feedback is appreciated.
Apologies- this is a gran coupe…
So you’re pretty much paying MSRP for this car? Plus putting down $3,500 as a down payment?
Only putting down $500.
No real reason to put $3500 down, think of each $1k as $30 a month. So your real monthly is around $630-640. I feel like I’ve read the standard discount on new BMW’s is 7% before incentives.
45,100
-3,200 (~7%) Discount
=41,900
Add incentives, I think it’s 3k this month.
-3k
So sale price about 38,900. Add whatever taxes/fees they’ll add on.
Run the rest of the math. Before fees/taxes I get 475, it will more than likely be closer to $500. Add 800 for your car…You could see if they bite at $510? I feel like if this is a 430 GC at this price it’s gotta have like no options?
This is quite frankly awful. Dealer discount should be 7%. Then incentives on top of that.
He’s not putting 3500 down they are using the incentives as a ccr. But regardless it’s an awful deal.
You need to be familiar with leasing terminology and the incentives on your vehicle.
If you are only putting down $500 and the rest is coming from an OEM rebate, you need to clearly state so.
Don’t confuse people who are trying to help you.
That’s why I’m here. Anyone put off, my apologies.
Thanks for the feedback.
So my ask should be 7% off the gross cap cost and then take the $3,500 incentive correct?
Thanks again.
7% off msrp then take incentives off. Ie 50000 x .93 = 46,500 - 3500 = 43000.
And honestly I would just move on from this dealer. If that’s their offer you’re probably not going to get where you want to.
I countered the dealer with $515 per month. That’s with $500 out of pocket and with the dealer making the last 2 lease payments on my Acura. That’s another $800 the dealer eats. We shall see.
I would not touch a f**gly 430 I GT for more than 400 a month with 0 drive offs
Unfortunately, there is only 1 BMW dealer in. Rochester. For new BMW’s anyway.
Then look elsewhere. How much is to ship a car from the burbs of nyc? I guarantee it’s worth it than to lease a car essentially at msrp minus incentives.
Not sure. I’m a 6 hour drive from NYC. Perhaps I’ll try a dealer in Buffalo.
Just got quoted $150 to move a car 65 miles in NJ
Am I still overpaying with my counter??
Yes by about 2k. Your counter is an additional $650 bucks over the life of the deal.
Loaded loaners can be had >400/mo. That’s where I would look.