I’m talking with a dealer about leasing a loaner 330e, but they do not want to lease it out yet. It sounded like they were maybe upside down on their ownership of the loaner, but I really could not figure it out or get a good explanation.
They explained to me that they’d be willing to part with the vehicle at my desired selling price in a month and that we could lock in all the rates and incentives for 60 days by putting in a credit application. Is that true?
MSRP ~56000
selling price now ~47000
selling price in a month (supposedly) ~45000
current miles ~3500
assumed miles in a month -just under 5000
base MF .00152
their MF .00172
residual after miles taken into account ~65% for 10k miles 24 months
incentives:
3000 holiday
3000 iperformance
1000 sweepstakes code
1000 recent grad (they are not sure yet if I can use this)
The payments come out to ~270
Seems like a decent deal so far (not even close though to the $110 someone else got), but is it true that they can lock all this in for 60 days, and are they BSing me with not wanting to part with the car yet?
You can’t use the sweepstakes code on a demo/loaner. It’s right on the sheet. I dont think you could lock the monthly programs on cars that are not ordered. Otherwise everyone at the end of the month would just wait till the following month to see if the program improves.
NO ONE should base their deal on the 110 a month one. I’m not saying it will never happen again but it’s literally one in a million.
Yeah there is no way I could get anywhere close to the 110. I’m not sure about the code unless I’m just not understanding it correctly. And does an in-use loaner count as not ordered?
The wording of the email with the code:
Thank you for entering to win our BMW Twin Farms Sweepstakes. Specific rules apply.
As a special thank you, we’re offering $1,000* off the purchase or lease price of a new BMW. Visit your local BMW center to see the entire lineup of exciting new models. This offer lasts until March 31, 2018.
*$1,000 offer valid on eligible vehicles delivered and retailed December 1st, 2017 through March 31st, 2018. Eligible models include: Most new 2017 and 2018 BMWs except any 2016 BMW, the '17 & '18 M2 Coupe, MINI and European Delivery vehicles. This offer cannot be used for previously ordered or previously delivered vehicles and is only valid on delivery of in-stock vehicles. Offer valid to BMW Luxury Hotel Sweepstakes Program Offer registrants and their family members residing within the same household. Offer valid on final negotiated price and may be combined with other applicable BMW offers that are available at the time of purchase. Only one OL number per vehicle may be used. Offer valid towards purchase price of eligible vehicle. Only valid at participating dealers in ME, VT, NH, MA, CT, NY, RI, NJ, PA, DE, MD, WV, VA, DC.
