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Okay, two dealerships in LA area telling me that BMW Finance is applying the same rates across the country, but are quoting me two different ones. One says money factor of .0014 and residual rate of 61%, the other says it's .0012 and 60%. Who is right? I'm ready to throw in the towel and get an Audi if they keep this up.
I bought rather than leased a new 135 convertible.Black with red interior, sport pkg, cold weather, auto, sport steering wheel, power seats,ipod & usb adapter. I would have liked parking sensors, navigation and satellite radio but c'est la vie. Sticker 47265. I paid 44410 plus tax. I bought because BMW gave me 72 months financing at 0.9%. I couldn't resist the almost no interest financing. After calculating the numbers back and forth, it didn't pay to lease. I also bought the BMW tire & wheel warranty which cost an additional 1295. It came in handy as I picked the car up out of state and I blew a tire at 2000 miles in Texas. These Bridgestone run flats are so stiff that without the tire monitor pressure system going off, I wouldn't have know that the tire was flat. It had zero pressure in it.
Hi Boris. The money factor that you were quoted is too high if you are making multiple security deposits. BMW Financial Services' current buy rate lease money factor for the 2011 535i is only .00230 for consumers who qualify for its top credit tier. Each extra security deposit that you make after the first would lower that factor by .00007. Make sure the dealer uses BMW FS' buy rate to calculate your payment. As far as the selling price that you were quoted goes, the car that you described probably has a spread of $4,800 or so between its full MSRP and its dealer invoice price. The $2,600 dealer discount that you were quoted likely puts you at more than $2,000 over invoice. Between the selling price and the marked-up money factor, I would not be surprised if you were able to beat this deal by haggling some more or shopping around. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
msrp 62225 36mo 10k 6300 refund deposit 1700 drive off 867.24 including tax btw first time bmw owner never had bmw befor love it :)
Car man or anybody: I'm looking to get a 2011 535i. A lease with 10K miles per year. 36 mo lease.. with just drive off. here is what i got. msrp 61,325 p1/p2/conv pck after discounts on car total come out to 58,700.00 the money factor is .0022 and $4,500 security deposit. total drive off with security deposit come out 6243.00 (4500 would be refunded back to me at the end off 36.mo). payment 814 with out tax. tax rate 9.75% total monthly payment 894.00 can i expect to get a better deal if i say no to this deal and keep trying to work the sales guy or is this the best im going to get? thanks in advance
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