09-27-2018, 09:48 PM | #1 |
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Acquisition Fee ?
Ran across this over on Edmunds i3 lease forums....
"You can get the $925 acquisition fee waived in exchange for higher MF: Base MF 0.00166, MF to waive AF 0.00216. Saves $$ on a 24/30mo lease, not on 36." I think the above Quote should read... "waive AF" 0.00206, Not "0.00216" ? This is news to me and it may help the deal I'm working on, IF it is BMWFS that is waiving the $925 AF? If the dealer is eating it (coming out of dealer profit) then it may not do any good for me to bring it up during negotiations. But if it is waived by BMWNA, then it's potentially a win/win. Here is what I have so far... Base MY18, i3 REx . MSRP, $49295 Dealer - $3500 about 7% is still in negotiations, I'm shooting for more. LeaseCr- $7500 Loyalty - $2000 MF .00166 less .00035 (7MSD's)=.00131, AF $925, 8.75% tax 24mo/15K should be around $308 mo. inc tax with 1000 down/cap dedution. If I do the .00206 MF (less MSD's) and no AF payment would drop to $293mo. inc tax. I am a BMWCCA member already but used my annual rebate on a MY19 X3 M40i. ---Bill. |
09-28-2018, 10:24 AM | #2 |
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AFAIK, the lease acquisition fee was no longer negotiable or allowing trade off like what you said. Though things change. They use to waive it for any returning lease holder if you asked. Though MSD's went away, then came back briefly this year, and perhaps gone again.
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09-28-2018, 10:27 AM | #3 |
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Also you used the CCA rebate in 2018? Because your allowed to do once per calendar year, they dont have to be 12 months apart or anything. I did one in Oct 2017 and another in Mar 2018. Also I cant remember the rules if associate & primary member can do one in the same CY.
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10-06-2018, 02:04 PM | #4 |
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Got it done. MY18, i3 w/REx, 24mo/15K lease, 61%RV=$30070
.$49295 MSRP. .$45135 sales price, about 8.5% dealer disc. -$10500 incentives.= $7500. lease cr, $2k loyalty, $1k UDE OL code. - $1000 cash down. I'll get this back from BMWCCA rebate, wife is now an assc member. $33635 Adjusted Cap cost. . +$660 Lic, Doc, misc. fees. MF .00182 +.00050 bump to waive Acquisition Fee, -.00035 MSD's =.00197 $274./mo. plus 8.75% tax =$298./mo. <MET MY GOAL! $3000 Drive offs inc $1k down, about $1k tax, first mo. $298, about $675 in fees. Leasehackr score 14.2 years Thanks for all your help ---Bill. Last edited by sc68z28; 10-07-2018 at 09:23 PM.. |
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10-07-2018, 12:51 PM | #5 | |
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Same $50K hypothetical 24 lease produces monthly payment variation of $37.37, or $896.85. Barely above $925 acquisition fee.
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10-07-2018, 09:20 PM | #6 | |
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BUT, on my deal, I saved almost $10.00 per month ($220 over 24 months) and that is what I needed to get the payment under $300. mo. BTW current MF is .00182 not .00166, rates just keep rising. ---Bill. |
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