BMW 530e | Requesting Deal Check Please

Ask the Hackrs
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1

Could you please comment on following deal in works:

Model530e Demo 3k
Dealer----------------
Stock# ----------------
Vin # ----------------
MSRP ---------------------$60,360.00
Σ$ Off (Dealer Disc ) ----$10,250.00
Dealer Disc Pct ----------16.98%
After Dealer Discount ----$50,110.00
Lase Cash ----------------$1,750.00
Loyalty / Con Rebate------$2,000.00
OL Code
Corp Fleet/PenFed
Alll Rebate (Pre Cap) -----$3,750.00
Σ$ Off (Dealer & Rebate) --$14,000.00
Σ% Off (Dealer & Rebate)—23%

After Dealer Disc & Rebate $46,360.00
Taxed Rebate (If Any) $------
Sales Tax Rate -------------6.25%
Sales Tax ------------------$2,897.50
T,L & Reg Fee --------------$188.00
Doc Fee --------------------$150.00

Total TT&L -----------------$3,235.50
Demo Mi (if any)------------3037

Cap Cost --------------------$49,595.50
Residual %-------------------67.0%
Residual adjusted for demo mi–$39,806.95

Term -------------------------24.00
Mi /Yr -----------------------10,000
Res % Per Mo / ---------------Eff.1.38% / 65.95%
Base MF ----------------------0.00198
~ MF to APR ------------------4.75% APR

Depreciation Cost ------------$9,788.55
Finance Cost -----------------$4,248.40
Dep Cost Mo. -----------------$407.86
Finance Cost Mo. -------------$177.02

Monthly PMT -----------------------$584.87
PMT to MSRP Ratio %-----------0.97%

Federal Tax Rebate -----------$4,668.00
State Rebate -----------------$2,500.00
Σ$ Post Sale Rebate ----------$7,168.00
Σ% Post Sale Rebate-----------12%
Fed Tax Rebate/Mo ------------$194.50
State Rebate/Mo --------------$104.17
Other (BMW CCA) /Mo ----------$0
Monthly Discount -------------$298.67

Effective Monthly PMT --------$286.21

Eff. PMT to MSRP %-------------0.47%
Total Out of Pocket Cost ------$6,868.95
Total Out of Pocket Cost Yrly -$3,434.48

Cost Per Mile---------------- $0.34

I have been researching 530e for while. I am trying to cast fishing net hopefully some dealer will be aggressive toward EOM/EOY (I realized BMW YE is in April).

I am told I have to do OwnerChoice (I am in Texas) to capture EV rebate.
I do have Corp fleet code and OL code. However, I have not brought it up to the dealer. Hopefully, it will shave off another $30-40 per month.

Any feedback?

2

Be aware TCEQ rebate only fully realized on 36mo otherwise partial. This deal isn’t bad but not strong enough to consider 24mo.

3

Any idea is State of Texas treats OC as finance or lease?

Technically speaking… OC is “finance” option instead of lease. I read the publication. Language suggest that 36 month requirement is only for lease. do you have any experience on this front?

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4

OC is a special finance product (Kind of like a balloon loan)

5

This is for 2019 model, the 2020 has ~$1200 extra in fed tax CREDIT (not rebate).

6

Agreed, Yeah, I noticed it, but I can’t get anyone to come close to even 10% dealer discount on MY20.

2019 demo is the only way I can get dealer in ~18% disc. territory. I am having to go out of my market to get this deal.