05-03-2016, 10:56 PM | #46 |
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It's a new Month.. what are the new lease deal's? MF?
How much cash is BMW NA putting on the hood? I am looking to lease NEW ... OR buy a CPO... feel free to PM me... |
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05-04-2016, 10:09 AM | #49 |
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I'm just doing some quick calculation. I don't get how people can get below $1k a month lease.
MSRP: $140,000 Sale Price: $114,000 Residual: 67% for 24 months or $93,800 MF: .00135 Tax Rate: 6% Down payment: 0 Monthly Depreciation: $841 (114,000 - 93,800/24 months) Interest: $280 (114,000 +93,800 x .00135) Tax: $67 (6% x [$841 + $280] Total: $1,188. This does not include tag, title, fees being rolled into the lease. I understand MF can be reduced to roughly .00086 if you were to pull full MSD. Even with that it will my payments to roughly $1,088. Was there any type of cash back/credits? According to edmunds, there is a $3,000 build out credit and a $2,465 lease credit. If that is true, then that is a reduction of $227 a month. Which can bring my payments down to under $900 with full MSD, and under $1,000 with no MSD. Can anyone chime in please? ---------------------------------------------- EDIT: Just got this from the dealer. 24 Months Money Factor .00138 10,000 Miles per year is 69% 12,000 Miles per year is 68% Build Out Cash is $3000 Lease Credit is $2465 Last edited by exclusivedetails; 05-04-2016 at 10:21 AM.. |
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05-04-2016, 10:32 AM | #50 |
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so it looks like the residuals went up? I wonder what they are for 36 months.
and in your sale price, you will find they most likely already applied the rebates and incentives, hence the reason the discounts are so much
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05-04-2016, 10:57 AM | #52 |
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shoot, I got 61% for 36 months. are the offering the same incentives and rebates right now?
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05-04-2016, 11:04 AM | #53 |
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hmm if that is the case, I can't get it to be under $1k lol
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05-04-2016, 11:16 AM | #54 |
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Have a meeting at the dealership in NJ in about an hour. First time lesee- would really appreciate any tips for what I should hold firm on when negotiating for the i8.
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05-04-2016, 11:18 AM | #55 | |
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Ideally, go in there with a realistic number- 1199, 4K down. 10 k miles. I had multiple dealerships offering me that until a local dealer agreed to deal me theirs so I wouldn't have to go further out
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05-04-2016, 11:23 AM | #56 | |
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05-04-2016, 11:28 AM | #57 | ||
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If you can't work out a deal now, don't sweat it either. In a few months- the hoards of 2016 i8s sitting on the lots now (over 450 at the moment) will soon be discounted down, and just as affordable as the 2015s are come the end of summer/fall just in time for xmas.
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05-04-2016, 12:36 PM | #58 | |
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The May factor for tier 1 credit is 0.001380 (3.312%). If you do the 7 MSD the factor drops to .000890 (2.136%). Good luck and let us know how it goes. |
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05-04-2016, 02:45 PM | #59 |
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Just wanted to post this up from 2 dealerships that I had discuss over the phone.
First dealership: MSRP $139,750. Sale Price $121,135 (their best and final including all rebates/credits). I will need to put $13k up front. Monthly Payment is $1,712. Second dealership: MSRP $140,XXX. Sale Price $128,000 (best and final). Monthly Payment is $1,699. |
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05-04-2016, 03:01 PM | #60 | |
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OK ALL I will share with you. I got mine for $858/month (6% KY tax incl) with only $8000 down ($6300 of which were refundable MSDs). 36 month. List MSRP 148,950. 61% residual (36 month / 10k mile/yr lease). I got the loyalty money, option build out credit AND a $1500 fleet discount (which also lowered my MF) because I work for a BMW supplier. Even without the fleet money I was still under $900 I think. I will post all the detailed numbers tomorrow when I have the paperwork. Go find a 2015 and start negotiating. I would think the loyalty and other incentives must still be there or better.
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05-04-2016, 03:16 PM | #61 | |
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05-04-2016, 03:21 PM | #62 |
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I went to Crevier BMW in Santa Ana, CA. They had one 2015 left. Asked for 115k on the Pure Impulse. They straight up said, "No." Not even a counter offer.
Z.
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05-04-2016, 05:20 PM | #63 |
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This must for 2016 model as opposed to 61% for 2015.
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05-04-2016, 06:59 PM | #64 | |
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05-04-2016, 07:02 PM | #65 |
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05-04-2016, 08:58 PM | #66 |
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