hi I am getting a deal of 556 per month with zero down for 24 months and 10K miles. Is this a good deal for a new car? total noob here
Edit: MSRP is 44960
state : CA
Incentives: I am not able to get an official quote as I am negotiating online, but getting the college grad incentive, not sure if the dealer applied the 3000$ summer special.
what’s the MSRP of the car? and what’s the selling price before the incentives? What incentives do you qualify? and Which City/State is this?
We need more info to determinate the lease number.
I ahve edited the post
Is it NorCal or socal ? They have different incentives. Do you currently own/lease a BMW? And do you have Costco ?
Its NorCal. No i dont own a BMW and I do not have Costco either
Do you know the sell price before inventive?
From my calculation… if you do 0 due at sign… the monthly should be around $557( for 23 month) with 9.25% tax. Hows your credit score?
Ensure that the money factor is the base one. Add an ol code, get another 500 discount, and if you have costco add it in.
I have a 700+ credit score.
Does the lease calculation in initial quote make sense? the total lease cost is coming around 14665 for the initial quote. Based on your calculation, Is the dealer giving me a higher quote on leasing option initially than it should be?
I have seen OL code mentioned quite a few times in the forum, can you tell me what it is exactly? I do not have costco so it wont be possible for me to add it, I understand I need to be a member for a certain duration to get that discount.
Here’s the OL code link: http://warriorschampionship.eventsbmw.com/
do you know if you qualify for fleet discount ? if the company that you work for qualifies.
Yeah, I never got a code from warriorschamption. The dealer said if you get a code in email, he can apply it, but the email I got just mentions you will get a warriors tshirt.
One of the dealers said I will qualify for fleet discount, I will ask the current dealer if he can get me that.
Yeah I got the same email. I sent it to the dealer and he said if you do not have the code you do not qualify for this, which was absurd given its open to all bay area residents, I tried calling some other bay area dealers and they were not clear on the process. I will call the call center on monday and ask how could i get the discount.
The calculation you did includes what rebates? Can you share it on the leasehackr calculator?
Yea, that’s really weird. I didn’t get the OL code neither. Here’s my calculation: leasehackr.com/calculator?make=BMW&msrp=44960&sales_price=40515&months=24&mf=.00166&dp=0&doc_fee=80&acq_fee=925&taxed_inc=3000&untaxed_inc=0&rebate=0&resP=67®_fee=400&sales_tax=9.25&memo=&zero_driveoff=true&monthlyTax_radio=true&miles=10000&msd=0
I’m not sure if it’s correct or not. we know that recent grad is $1,000. I don’t know what’s the other $2,000. can you ask for incentives break down?
So when I went initially, he did not apply the college grad discount. I feel I was quoted a higher lease option initially and then after a weeks negotiation he is coming to the actual lease price, probably just to make me feel better about the final deal.
I have asked him the final selling price and incentives.
I usually don’t get good lease number from Autonation… I usually go with Mountain View… have you get a quote from Mountain View yet?
this is from Mountain View bmw
oh… just ask them straight… ask for the selling price before incentive… and incentive breakdown … and ask what MF they are using for the quote.
MF he is using is 00.00208. So he gave me two quotes one with zero down payment and another with 1000$ down payment, with zero down payment being higher by 1000$ in total cost , which was really absurd for me. When asked why, he gave explanations “if you reduce down payment the residual value changes”. I called it out and then he changed that MF changes based on the down payment which is decided by BMW. Going through the posts here it seems like the MF changes based on my credit score and not down payment. I am hoping to get the MF reduced when I visit the dealership.
