11-11-2014, 04:15 PM | #1 |
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Lease advice
Senior pls. advice
Modest build DD. Schedule in production 11/11/14. Got production number. Status: 112 - Scheduled for daily production pack Invoice on this build is 57880 from carprices.com Last edited by leasehackr; 11-11-2014 at 07:17 PM.. |
11-11-2014, 06:24 PM | #2 |
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Looks excellent. $859 below invoice, base MF, up front fees seem in line. You have my blessing.
If you have the extra cash, putting multiple security deposits will lower that payment even more. If you want to know how much, plug in 0.00081 for the money factor in your app and see what the payment comes out to (each deposit reduces MF by 0.00007 and they allow a maximum of 7 for a total reduction of 0.00049). You'll have to put about 5K up front but you get it back on lease end and should save at least $40/mo if not more. Food for thought...
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11-11-2014, 07:15 PM | #3 | |
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Dealer is in NY. Can't do MSD in NY |
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11-11-2014, 07:28 PM | #4 |
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What are you going to do? Ship it to NY? This is strange.. Unless they will ship for free.
Which dealer? PS: You got an awesome deal!
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11-11-2014, 07:55 PM | #5 | |
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I'm on the west coast. I will arrange trucking to ship the car. Dealers on the west coast are incompetent. Dealer is World Wide BMW. I sent my build to GM on Sunday night. He assigned CA to work with me Monday morning. Today I got production number with Status 112. Already verified production number with BMW Genius and (1-800) 831-1117 number. Btw haven't submitted credit app yet. Sending him tonight. I know my credit is ++Tier 1. |
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11-11-2014, 09:16 PM | #6 | |
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Numbers look good, as long as they don't try to mark up the money factor. Did you get the monthly payment from dealer yet?
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11-11-2014, 09:18 PM | #7 | |
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11-11-2014, 09:26 PM | #8 | |
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Yes, actually he gave me monthly payment and drive off. I have to reverse engg. the selling price. RV/MF is base. 36 mo/10K - 59% , 0.00130 |
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11-11-2014, 09:55 PM | #9 | |
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Reverse engineering should work, but I would recommend asking for the selling price directly and a breakdown of all drive off fees. This should be all included in a proper lease quote.
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11-11-2014, 10:44 PM | #10 |
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Wide World is pretty good on numbers but bad on service and god forbid if you trade-in anything to them. I should have stayed with them, they also gave me an unreal number last time and it was OK. This time they gave me a number similar to a dealer closer to me, but I made the mistake of trusting another dealer.
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11-16-2014, 10:17 AM | #13 |
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That is a great deal. Multiple security deposits will buy down the money factor and you get them back at lease end. Or what i do is a one pay lease which also makes the money factor pretty much nothing and saves money as well.
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