I got a lease breakdown for a 2019 X2 M35i loaner on a 36/10k lease. It was one big copy paste so I’ve tried to format it for the paste below. I’m confused about a few things the way they are written out.
- What is this customer cash $585.39? (looks like the DAS monthly + registration)
- The discount appears to be 12.3% MSRP $52470 -> $46025 is that correct?
- I asked for nothing down but I can’t tell in this offer whether it is with $3000 cash rebate/incentive and nothing down or a $3000 rebate hidden in the discounted price and $3000 down?
- What is this -$669.50 warranty?
- Any recommendations to improve this deal?
"M35i
Bmw Financial Services (Sales Support Special) Super Elite Tier - Credit Score 740+
Trade(s) Allowance:
- $0.00 ACV of Trade(s): $0.00 Pay Off of Trade(s): $0.00 Equity in Trade(s): $0.00
Customer Cash: $585.39 Customer Rebate: $3,000.00 Total Cash/Rebate/Equity: $3,585.39 - Inception Fees: $585.39
- Excess Cash/Rebate/Equity: $3,000.00
Original MSRP: $52,470.00 MSRP Discounts: $0.00 MSRP Adjustments: $0.00 - Adjusted MSRP: $52,470.00
Dealer Cost: $46,694.50 Selling Price: $46,025.00 Price Adjustment: $0.00 - Adjusted Selling Price: $46,025.00
Maximum Advance: $68,211.00
Residual Value: (56.00%) $29,383.20 - Residual Value Adjustments: $0.00
- Mileage Adj: (1800) $1,249.10 Annual Miles:
- 10000 Excess Miles: $0.00 Adjusted Residual Value: $30,632.30
Discount / Buy Rate: 0.001650 Adjusted / Sell Rate: 0.001650
Down Payment: $3,000.00 Down Payment Tax: $210.00 Admin Fee: $199.00 Acquisition Fee: $925.00
Total Cap. Cost: $44,359.00 Vehicle Mark-Up: -$669.50 Warranty Mark-Up: $0.00 Paid Reserve: $0.00 Dealer Incentive: $0.00 Trade(s) Over Allowance: $0.00 Total Prot: -$669.50
Payment Recap: 36 Months @ $505.04 + 7.00% = $540.39
First Monthly Payment: $540.39 Security Deposit: Waived Other Fees: $0.00 Registration: $45.00 Total Inception Fees: $585.39"