These numbers seemed really high to me compared to what i’ve seen on the Leasehacker marketplace. I asked why the MF was .00136 versus .00086 and they said that is the base and the dealership doesnt control that.
This is what I get from plugging in the numbers, so I am having a hard time coming up with how me putting $5,000 down comes up to $633 a month. My preference would be to pay my TTL upfront if possible versus rolling it into my monthly payment.
The dealership told me this was a smoking deal and that 10% off is unheard of right now, but some reason this pricing doesnt sit well with me.
They’re either marking up MF or your credit qualified you for a lower tier credit. Did they tell you what tier you qualified for? Or haven’t you applied yet?
Lol dealerships will tell you anything especially if they know it’s your first time leasing. “Yeah we don’t control the MF.” Lol yeah ok…
Another piece of advice - if you don’t qualify for tier 1 (if you decide to apply) you can request them to bump you up a tier. It works sometimes and can save you some $.
So BMW generally only allows for a .00040 mark up, which would put the max mf for tier 1 at .00126 currently. There’s really no way to get to .00136 without including a tier adjustment. They don’t generally do that without reason to.
I’m not sure why I wouldn’t qualify for the base MF with my credit score tbh. They kept asking for me to fill out a credit app before they would even negotiate the price, and when I declined, that’s when they quoted me the above and stated it’s based off me having top credit
Yes, that’s standard. If you won’t fill out an app, they quote the “best possible” deal basically. 9/10 times when you apply, it seems to be slightly higher than what you thought. I truly feel it’s just another tactic.
But it’s good to get an idea of what they’re saying the payment is with top tier credit, if it’s in the neighborhood of what you’re comfortable with, submit an app, get actual numbers and go from there. But it certainly doesn’t hurt to negotiate before applying, in fact it’s recommended you get a deal put together before you submit a hard inq.
There’s nothing wrong with the dealer marking up the mf, even in tier 1 credit. I’d take a marked up mf with a commensurate discount over buy rate any day of the week.
