Thank you all for the great tips. Special thanks to @TS98 !!!
Originally I was only shopping for the new car and had reached out to probably over 10 dealers within 500mi range 1 week ago.
I had one dealer that came very close to the target discount for a new car, but due to the inflated MF and not allowing MSDs, I decided to expand the search and reach out to the other dealers with loaner cars yesterday morning.
I didn’t have much time during the office hours, so I just sent the price that I had for the new car deal and asked whether they can beat it.
One dealer came with better price right from the first response.
Dealer discount was already exceeding my target, but they also had MF 0.00185.
I emailed them that I will sign if they apply standard MF and allow 7 MSDs.
Then they brought down the MF to standard and brought it down to 0.00110 after 7 MSDs.
There was no other loaner car dealers that had responded to my initial email, so it was very simple to communicate with only one dealer.
I went to the dealer this morning and picked up the car.
This car had < 4570mi
Since this was a loaner car with registered title, gov fee was $60.86 for license fees and transfer including tax.
They also gave $1500 loyalty rebate and $1000 rebate for OL code
I placed some odd number ($576) down payment because the dealer somehow misunderstood me when I told them that I just want to put MSDs + Fees & Taxes + 1st months for the drive off. So they prepared all the paper work with $4200 ($2800 MSDs + Upfront fees + Upfront taxes+ 1st month + downpayment) amount to be paid in cash.
I didn’t want to spend another 30min fixing this so just accepted to put a small down payment.
Year, Make, Model, and Trim: 2019 BMW 640i GT
Monthly Payment: $385.14
Drive-Off Amount: $4200 (7 MSDs, 1st month, upfront fees, upfront taxes, $584 Down payment)
Annual Mileage: 12K
MF: 0.00110 (After 7 MSDs)
Incentives: $2500 ($1500 loyalty + $1000 OL)
Leasehackr Score: 15.6 years
Leasehackr Calculator Link: Calculation
Thank you all for the great help.
NOTE: [09/01] I already gave the dealer contact to another LH yesterday.