LOL! Proves what point? I don’t know your market and I’m not looking for a deal in NYC, that is on you. I just said from my experience MB loaners typically go from 20-22% off. I also said you did OK for somebody who knows nothing about lease math.
My tip as I said before would be to learn how to calculate an educated and aggressive target lease payment/DAS to make offers on specific units instead of requesting quotes. Somebody above said you paid above buy rate MF…if making offers you could have used base MF (0.00031) in your math and the offer and maybe they would have bit. Also looks like there is 2000 rebate so your effective discount is lower knowing that..you could have calc’ed a payment and DAS using the base MF, 20% off MSRP plus the 2000 in incentives and made offers that way. You left a lot on the table!
Slow down as nothing needs to be done today and learn the math and how to control the process yourself instead of all the dealers yanking you around.
You keep saying you want to learn…I think you just wanted somebody to say it was a great deal when it is just ok, did you even read or think about this post I made way above? It appears not. Put a calc together for the target deal you are looking for your FIL…use that as your basis for a dealer offer.
I simply put a spreadsheet together like the snip below and send to dealers as an aggressive offer on a unit I want. They see it and know that I’m serious and know what I’m doing and say yes or here is how close we can get. Makes things really easy. But you have to know your numbers and the math.
Yep and why I said ‘from my experience’…and ‘I don’t know NYC market’…
My bigger point is trying to get this guy to learn and do the calcs but he hasn’t tried yet.
Use the LH calc and plug in the 17+% plus the 2000 incentive along with base MF, base acq fee and make an aggressive offer for his FIL car instead of accumulating 40+ quotes.
Also, he paid a fully marked up acquisition fee too it appears…795 to 1095…so full boat mark ups on MF and acq fee…I mean this is why you calc target payments in the first place!
As mentioned above, make offers, not ask for quotes for your FIL. No one is getting LH worthy deals by asking for quotes. Learn the math, put together a target deal, make direct unambiguous offers.
We can all sound like hero’s! Question is what the reality is. At the end of the day not every dealer will listen to a lease hakr guru and act like whatever they say is the ruling. I appreciate the mark up on acq fee and money factor. Would of save me 25$ a month which would’ve been nice, but I still stand by my deal, I don’t think it’s so replicable
If you’re asking for advice on your deal, that’s okay. If you’re asking to challenge someone finding a better deal, you should pony up $$$ because no one is going to do it for the fun of it.
Your deal is good, but not stellar to the point it’s a unicorn and not replicable
Man, you just don’t get it. It’s not being a hero. It’s being educated and MAKING OFFERS. It takes work putting together a target payment/DAS and getting it out there. And most of the time if it really is an aggressive offer it is getting rejected…but they usually will counter with something better than they would normally quote…and hey I’ve pretty much always found there is one dealer at end of month or end of quarter or end of year that will do it. Timing is key also!
It takes smarts and patience…ok I’ve wasted enough time here on somebody who is not wanting to learn.
And you still don’t know math…base MF and base acq fee would have saved you about 60 a month or almost 1500 over the lease…oh well dealers need to make $$$!
