What do you guys know about different BMW programs. A dealership advertised a very cheap sale price for a service loaner. I went in thinking wow, I can get a great lease. Turns out, the really cheap price was offset by them participating in a “different program”. The money factor was .0033 as opposed to the .00152. That’s almost 8% interest. I told the manager it was a con and we both walked off.
What a surprise. A car dealership has a misleading ad ! Yet it got you down there so they could work you.
This is where your superior negotiation skills come into play.
Well, those skills need work as I must have been too heavy as the manager walked away. Maybe I shouldnt have called the price a con job.
If that loaner has less than 5000 miles, then it qualifies for all the new car programs including the base MF of .00152
We know it qualifies.The dealer wasn’t willing to sell it at that.
Do you have pretty severe credit issues? If not, that couldn’t have been through BMWFS - I think BMWFS only allows dealerships to mark up MF by .0004
The answer is no. I have no doubt I would qualify for whatever the best rate is. But, we never got to the point of even checking. The truth is, I might have agreed to the markup by some partial amount of the markup.
The manager was babbling about national vs regional programs. He was so arrogant. When he came over, he asked me why I even have a complaint at such a “great” payment.