Can anyone here confirm for me how BMWFS calculates the residual values for an executive demo or loaner?
I have a dealer telling me that its the mileage adjustment plus an additional 4% if the car has over 5000 miles on it. Has anyone heard of that before? So for example, if a car had a 64% residual base and 6000 miles on it, they would reduce the base MF to 60% then take the $1500 mileage drop.
I always thought it was just the base residual less the mileage adjustment.