What are we looking at for 15k miles per year, with fleet discount and zero due at signing (i.e. Sign and drive)? I’m in San Ramon and you’re already my servicing dealer for my M2, so would love to pick this up if the numbers make sense.
Oh I’m not in the market I just wanted to know what the breakdown was since you were comparing it directly to this deal. $5,995 is a lot different than what you typed ($3,995). Plus an advertised deal is guaranteed to have other fees attached (the fine print does say title and tax not includes).
The ad says $5,995 DAS and then $4,995 DAS. If you walk into the dealership on this ad I bet they will tell you it’s $5,995 Down Plus Drive Off. (Probably more than 10k down.)
I’m updating the post with a reduced price for this weekend.
So does BMWFS approve you based on the payment (DTI/PTI), or the they care more about MSRP of car? 799 is not too crazy. That is how much a new loaded Genesis goes for
But with leasing, you are not taking out a loan for the full sum of the car, only Sale Price - Residual (in this case $28,764)? Right?
What if there is a 100k Maserati, going for 800 a month due to a huge discount. My friend got approved for a $560 Armada with only 35k stated income and 400 rent. Her history was ok, and score was in 700s, but no previous auto loan history. I would assume a person making 60-70k and having decent history (700+) would be easily approved for a $799 payment for a BMW 740i loaner (assuming no debts)? Or BMW approaches this differently?
I don’t want a 7 series, or an $800 payment! A little too much for me in terms of size. I think they could approve me, technically. I have a 700+ score, have current lease on my credit also, 1% credit utilization, but only drawback is I have 1.5 years of total credit history, but it is quite varied…but it may be the reason for which they decline. I like the 540i a lot though haha.
