First time leasing a car and need some help/advice. Dropped by the local BMW dealership and have been negotiating on a 2018 BMW 540i Executive Demo. I feel like I’m missing something, but I can’t put my finger on it. Any advice is greatly appreciated!
2018 BMW 540i Executive Demo
Mileage: 4644
MSRP: $73,335
Discount: $6,900
Rebate: $2,000 (at the time, $1,000 lease credit, $1,000 conquest (or USAA))
Adjusted Price: $64,435
Total Purchase Price: 64,435
Trade Allowance: $14,500
Trade Difference: $49,935
Doc Fee: $698.50
Tax: $104.61
Non Tax Fees: $16.50
Net Price: $51,679.61** ($925 missing from the equation)
Trade Payoff: $13,711.56
Balance: $65,391.17
Lease Terms: 36/12k
MF: 0.00188
Res: 60%
$0 Cash Down: $871/mo
$1,500 Cash Down: $825/mo
$3,000 Cash Down: $780/mo
**I recognize that $925 was added to the Net Price. I let the salesman know I can’t back into their numbers, nor can I figure out where that $925 is coming from. His response was something along the lines of the reason I wasn’t able to back into their numbers was bc the $925 is an acquisition fee that is standard on all BMWs, and it is listed on the original invoice from BMW that they provided. Unless that $925 is somehow printed in invisible ink or on another page that they forgot to give me. …I’m not tracking.
I don’t know if my confusion is from my learning curve or what’s going on. Any/all help is most definitely appreciated.