Hello everyone - first time posting here. Have learned a ton from reading. Thank you everyone for all the knowledge shared!
I am searching for a deal on a X3M. I asked in the edmunds forums to find out what the MF and residual would be for a 2020 demo or loaner, and they told me there was no lease support in my area (I am in the DC metro area). I went to the BMW dealer this past week to check out a X3M, and they offered me a lease deal on a 2020 demo they had.
Can someone explain why they were able to offer a lease on a 2020 if there is no support here?
Each “point” of the money factor (MF) is 0.00001. So, a 40 pt markup means 0.00040 MORE than the base MF. The current base MF with BMW (it will generally change every month) is 0.00086, so the maximum the dealer can charge is 0.00126 at this time.
Im sure its a typo, but note that the MF you posted should have THREE zeros prior to the 86. If you use two in your calculations youll be sadly disappointed in the end result payments. Youll be using 1970s interest rates of 20%+
I cant even image what we would do on this board if the MFs went to those types of levels…
You have those up your way too? I have quite a number of local dealers here near Tampa that seem to have personal attachment to their inventory and resist selling them at nearly all costs.
BMW changed the policy of leasing loaners a week or two ago. My understanding (as explained to me by a dealer)—
They now must have at least 4500 miles on them and have been in service for at least 4 months. I believe the mileage cap is now 7500 miles (it used to be 5000), but another dealer told me the mileage cap is 10,000. Perhaps someone else on the board can confirm which is correct. As an aside though, a demo with 10k miles on it would need to have a crazy high discount to be worth it IMO (as something like tires, maintenance expiry, etc) would be a real concern.
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