How did you come up with that?
Everything is in the contract…
Also MF is down to .00128 for September.
Cancel the deal if you can. If not, enjoy the car. Ask before signing next time. End of story.
Couldn’t possibly be .0027… BMW caps the allowed markup to .004 or .005.
Rent is determined by adding the adjusted cap cost and residual then multiplying it by the MF to get your monthly rent. You would then multiple that by the number of months to get total rent.
($37,277 + $27,663) * .00185 x 36 months will equal the rent charge in your contract, $4,325.
(Thanks for adding the sheet @chrishs2000)
buy/base rate for bmw for sept is .00128?
@genesisgv80 don’t delete your posts if you want help.
@davidigi thats what I’m seeing elsewhere on the forum.
So the salesman and broker both said the money factor is actually .00145
Am I missing something here?
If that is the case, the rent would be approximately $3,400. ($37K + $27k) * .00145 = $92 * 36 month = $3,430. The contract shows $4,300 so not like we are talking about a rounding error.
Ask for the deal sheet which will have the MF or show them the math.
Depreciation is $267/month ($9,614/36) so the rent has to be $130/month.
I’m extremely confident that the MF is .00185 and maybe they are giving a cut to the broker off that and why he’s playing along. If they are using buy rate, they should have no problem redoing the deal at sept rate of .00123 although lease cash dropped $250 to $2,500.
I am getting a weird calculation.
MSRP: $47695
Sale price: $42155
10K Miles/36 months
58% Residual
MF: .00185
Down payment: $4700
Taxed Incentive $ -$2750
Acquisition, dealer, government fees: 1598
Tax: 9.7%
Even then the monthly payment should have been $371 with tax. Am I doing something wrong here?
My man… I gave you the calculator… you are likely entering $4,700 as money down but it will automatically include fees upfront too making your drive off higher than $4,700 thus lower monthly payment.
Here it is again… matches your contract exactly:
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Probably time to stop fishing for him or he’s never gonna catch one 
If you post a link to your calculator, it is much easier for us to look at and see what you’re doing wrong.
Money Down and Money Due at Sale are not the same thing.
Britten440 I really sincerely appreciate your help and patience helping a noob out like me.
I understand that I paid the .00185 with $4700 down. Had I gotten the .00145 I would actually be saving about $1100 from total lease cost. I think it’s a bad deal but it’s not a robbery terrible deal. In other words, $424 tax included per month + $4700 down for 36 months/10K mileage is a worse than mediocre deal frowned upon here, but it isn’t out right robbery like the advertised TV price ($4000 down + $500 + tax/month type) Would that be a fair description? I guess I’m just trying to soften the blow to my psyche. I would have been more thoughtful about it but was tired late in the night and wanted to surprise the wifey. Just signed without thinking because monthly payment seemed low enough. Lesson learned.
Correct it’s in no way terrible “as is” and you are just leaving $30/month on the table with the inflated MF so not drastic.
You are probably still getting a better deal than a major of the general public so don’t beat yourself up too much.
That being said, September MF dropped significantly so would be saving almost $50/month even with the lease cash drop with the same level of dealer discount. Better off, around $510 with zero drive off plus max MSDs.
You seem to have gotten wrong information from the dealer on the MF and why you need to put so much money down so may want to make them squirm. I have no patience for dishonest people so would debate pulling the deal. In my mind, it’s much different than just not negotiating the best deal possible. Also keep in mind if the situation is reversed, they would pull a deal in a heartbeat.
Missing a decimal place probably… that’s why it’s always better to write the MF out to 5 digits, even if they are meaningless zeroes to the right.
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BMWFS allows a max of .0004 MF markup.
I just got quoted by a BMW dealer with MF .00128. Is this a new September MF, or should I be getting ready for a bait-and-switch at the dealership?
That’s the buyrate MF for Sept.
Thanks Jon!