Need your input here. First time dealing with BMW and first time negotiating on a lease deal. Zip 46040 (IN)
This is what the dealer said about MF -
The RV is 53% for 10k miles respectively. MF of 0.00109.
Also for 52% RV should i go for 12k miles?
Not the worst deal but definitely not the best either. I’d try harder to get the base money factor of 0.00069
Is the RV of 53% standard for 10k miles?
11% off with a $237 doc fee, no add-ons, even with money factor markup is a very solid deal, past this you’re going to be putting in a lot of work to squeeze blood from a stone.
Dealer says i should have 800+ credit score for .00069 MF. Is it true? I have 740+ maybe.
Not true but again, you’re getting a good deal regardless. 700+ is top tier for BMWFS
This is a good deal. You could try getting 2% off if you have the patience, but I don’t think there’s much more room than this. Have you looked into loaners?
After much negotiations, the dealer finally agreed to offer .00069 MF and 53% RV for 36m/12k. I asked for 5 MSD to which he said each MSD is $950. But the calculations dont match somehow. With 11% dealer discount, $9900 incentive, .00069 MF and 5 MSD, the final monthly payment looks fishey to me.
Can anyone help me out here to cross check these. Attached the screenshot of the calculations.
That’s first payment and your MSD’s due at sign by my count.
I was expecting monthly payment under $850 with .00069 and 5MSD.
Residual for 12K is 52%, not 53%.
The deal lines up perfectly based on your worksheet.
