Quote:
Originally Posted by CAMOETO
- Sounds like a ~$53k MSRP car?
- What are they using as selling price? That kind of car should have a ~$10k discount off MSRP to be a good deal.
- Base money factor should be .00152 on the 2017s. Make sure they give you the base money factor.
- How much do you get dinged on the residual for an extra 3200 miles? 1% lower than the standard 57% 2017 residual?
I ran some rough numbers on leasehackr using $43k as selling price (what you should be pushing for), .00152 as money factor (what you should be pushing for), and 56% as the residual (assumption). Using $500 for doc fees, and a 6.875% sales tax, it came up with a $542/month payment including tax. This is on a true 0 down lease with all fees rolled into the lease, so $0 due on drive-off.
Obviously the above is a rough estimate, but ~$550/month including tax with $0 due on drive-off should be attainable for that car.
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I replied with your help and information and this is the response I got...
"I'm giving you over $11,000 discount,
Residual is .52%
Money factor is .00152
You have to add taxes, bank fee, doc fee, DMV.
As you can see I'm giving you a great deal."
-Open Road BMW.