Thanks to @loberant I was able to lease a 2016 Demo vehicle with literally $0 down out the door for $367 a month.
Selling Price: $38,981
Rebates: College grad
Net cap cost: $39698.87
Months/ Miles/ Residual: 24 months/12K miles per year/68% - $2,894 in miles (12,074)
MF: .00134, no MSD
Due on signing: $0
Payment: $340.60 w/o tax, $367 w/ tax
I used [this spreadsheet](removed spreadsheet) and My Net Capitalized Cost was $300 less than actual which was close enough for me.
Quick question @evil0ne (or anybody who wants to help) when you used your college grad - did they calculate your DTI?
The Rusnak dealer in Pasadena was telling me if I use college grad discount they would have to check my DTI (Debt to income ratio to see if I qualify for a lease.) If I didn’t exercise a college rebate- they don’t check my financial expense numbers… I thought it was weird…? @max_g care to chime in? Thanks!
@Alex. Regarding the college grad attached are the rules per BMW. In my case the sales manager was concerned BMWFS wasn’t going to approve due to a derogatory mark 6+ years ago even though I qualified without issue for Tier 1. I asked the finance manager to submit it regardless and it appeared she was having a chat with someone at BMWFS and it ended up approved with what looked like minimal fuss.
All that said, it does specifically say on #7 DTI < 45%.
Nope- I’d be so disqualified (liabilities) for my recent purchases if they checked. I was going to help a brother get a Beamer since he graduated this year- and the salesperson was pretty serious about DTI. It’s the only time they make sure you’re under 45%. If you don’t exercise the college grad discount they overlook DTI. Those are the exact words from the sales guy.