They usually have a section on the dealer website, called courtesy / loaners/executive demos
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10K miles
60% for 36 months
62% for 30 months
64% for 24 months
does this apply for every dealer if they are using BMW financial?
When I asked the dealer what the residual they used when calculating, he said around 58.39%. Not sure how he got that number if the numbers are determined by the bank.
Loaner cars get deducted .25 per mile up to 5,000 then thereās a greater hit on residual
A dealer canāt lie/cheat you on residuals
That makes sense, but I think the OP also got a demo car with same lease term i want, but his residual is 60.xx%?
Opās numbers are all messed up
What is your deal. If you could post a Calc link or terms it would help
How many miles does your car have and what is the term and mileage per year
Iām pretty sure the dealer is assuming a 36 month term if your mileage is under 5k
If you are saying that they canāt cheat on the residual, I will take your word for it. I was just trying to figure out why there was a difference between what the dealer gave me and the number ābostoncarconciergeā posted.
It makes sense because they are deducting for millage
im trying to learn and i think the mf was raised but im not sure. can some one please look and tell me?
this is the math i used.
3595.87/30= 119.86
119.86/(47419.73+38812.20)=.0013899994