Hello, I friend is talking to a dealer and this is what was sent to me.
I don’t understand why my lease calculator doesn’t match up with this (Leasehackr Calculator - Hack your next lease | Leasehackr)
Can someone help me?
I think I am getting worked on the MF because he originally said .00186, now it’s 0.002? I have 750+ high score. And Edmunds said it should be 0.00166.
But I don’t quite understand how he is getting these numbers.
.00166 is the buy rate. You should be able to get that unless you are waiving the acquisition fee in return for a money factor increase. Also, they are only discounting the car $3100 as $3000 of your $6100 “savings” is a rebate.
Thank you, but if you look at my calculator (leasehackr.com/calculator?make=BMW&msrp=53060&sales_price=49960&months=36&mf=.002&dp=0&doc_fee=80&acq_fee=925&taxed_inc=3000&untaxed_inc=0&rebate=0&resP=61®_fee=400&sales_tax=6&memo=&acqFee_check=true&monthlyTax_radio=true&miles=10000&msd=0) why does the numbers still show lower than the monthly payment on the sheet above?
Does this deal work for you? 2018 BMW 340i 53k $2,531 DAS $390 + Tax NEW CAR
You need to change your doc fee to $699.50 and uncheck “I want to pay my acquisition fee up front”. That brings the numbers a lot closer with just a few dollars difference in your monthly and your “due at signing”.
I am in Florida thanks
With your credit score you need to ask for the buy rate MF of .00166. It doesn’t seem like they waived the acquisition fee. Agree with what was said above, you aren’t getting much of a dealer discount. Try to aim for 10-12% off before any incentives. This is an outgoing model.
Awesome, thank you for all the help! more advice it welcomed. Going back to dealer now.
This current dealer won’t budge from 6% off MSRP.
Move on.
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Yeah, I would do the same. Widen your search a bit! Is this your first dealer?
Look at the following for comparison (even though it is So Cal):
Would you say 10-12% off MSRP before incentives is a “standard” lowest price point?
Personally I wouldn’t say it’s the “standard” lowest price point but it’s a pretty good discount for a new vehicle, at least for a BMW.
6% discount off MSRP is weak. Especially for a sedan.
