That sounds more like a dealer marking it up (and using your credit as an excuse to make you not question it) than bmwfs marking it up. I don’t think they do a .0022 mark up for tier 2 (although someone with more knowledge will hopefully chime in)
Fees are paid with my $1,742 at signing plus part of the rebate. That’s why the Cap Cost is only reduced by $1,426 (what’s remaining of the 2k in rebates). Meaning Rent Charge and Tax are making up the final $160/month. I’m just not sure how that’s possible with a 8.6% tax and 3.36% annual interest rate.
Thanks! I think it might be in the same ballpark. I didn’t think the finance fees would be over $100/month but it makes sense when you use that formula. In my head I was thinking 3.36% annually of 17k.
People grossly misunderstand how that works. It isn’t 3.36% of the lease value, you’re paying interest on the entire vehicle price, just like any other loan.
In this case, your rent charge portion of the monthly payment is roughly $130 /mo
Ask for higher discount or something. They said they wouldn’t budge on MF, but gave me like $500 to make it up. They didn’t mark it up too high, so basically evened.
They did the same for me. Wouldn’t budge on anything beyond 12% off MSRP pre-incentive so they threw in a $500 OL code. I don’t exactly break even but it offset most of the difference.
As I understand it, the OL code is a dealer specific code that provides an additional amount off but not all dealerships have them and they have an expiration date.
Has anyone gotten a quote with better than 12% of MSRP recently on a non-demo/loaner m340i? Only a few dealerships were willing to do 12%. I look at other deals and feel like my monthly is much higher. Maybe it’s because I’m not doing MSDs nor am I eligible for Loyalty.