Maryland BMW Car Dealers

i was recently offered 500 below invoice on any in-stock 328i - in MD

Can anyone confirm best possible mf/residual for 15k lease on 2011 535 xi--as well best sale price before $1500 credit--appears $500 over invoice appears doable--I am in MD--any dealers you can recommend? thanks

john r33, The only other way, besides a cap reduction, to lower the monthly payment is to lower the selling price and/or money factor. Have you looked into MSD's to lower the money factor? Also, I would double check the BMW acq fee. I don't know what it is but $925 seems steep. Apparently, you're capitalizing $1,020 which is the $925 acq fee and $95 processing fee (dealer doc fee) plus the $3,553.20 sales tax. So, your deal looks like this... MSRP............................................. 61,875.00 Sell Price........................................ 58,200.00 Amounts Financed Processing (Doc) Fee..................... 95.00 BMW Acq Fee.............................. 925.00 (seems steep... better check this) MD Sales Tax @6.00%................ 3,553.20 (0.06 x 59,220.00 Tax Base) Gross Cap................................... 62,773.20 Cap Reduction............................ 9,059.82 Adjusted Cap............................. 53,713.38 Residual Factor......................... 60% Residual Value.......................... 37,125.00 Money Factor........................... 0.00225 (buy rate?) Term....................................... 36 Monthly Payment.................... 665.18 John

John, Thanks for the reply. Really appreciate the information. I understand 665 is obviously not lower than 400, but I did not think 665/mo for a $61k car was completely unreasonable. (With little down, i believe the monthly's were around $850-900/mo...by throwing out 400/mo to the sales guy, i was playing hard-ball...however, when they came at me with $19k down, i was thrown out of my seat) Info on the Cash Cap Reduction was very helpful...thx Any idea on how else, besides the Cash Cap Reduction, do reduce these monthly's to soething manageable (550+/-) ?...or am I just out of my league? The total info given, including the fees,etc was: MSRP as built = $61,875 Sale Price = 58,200 Processing Fee = 95 (Our charge to do your tax, title, registration, etc.) 6% MD Sales Tax = 3,553.20 MVA Fees = 275 (MVA charge for title, registration, lienholder fee, tags, etc.) BMW Financial's Acquisition Fee = 925 Residual = $37,125 (60%) Money Factor = .00225 Term = 36 months Mileage Allowance = 15,000 per year TOTAL out-of-pocket = 10,000 (includes 665.18 1st payment and 275 MVA fees and 9,059.82 Cap Cost Reduction) Monthly Lease = $665.18 (x 35 remaining payments)

Picking up new X5 in couple of days. We had been thinking about financing and "locked in" the June rates (2.9% for up to 60 months). With this tier news, we would want to check into the new lease rates also. I assume we can get out of this "lock in," right? (in fact, I assume, in case the July finance rates are better than June, we can take advantage of those too, right?