Quote:
Originally Posted by Crimsonboz
They said they won't budge on the MF since the discount is high. What are your thoughts?
My tax rate is 7%
|
OK, I see that you are in FL so your numbers should be identical to mine.
The discount is not that 'high'. If you are getting the same $1,500 from BMW Financial on your lease, your actual discount from the dealer shrinks to 9.4% which is not bad but pretty standard by now in FL.
I got 10% plus the lease-incentive. However, if you are getting 9.4% instead of 10% it's a difference of $700 or about $20/month - just to put a number on it.
I believe the real issue here is the Money Factor.
Let's compare the base MF to the one they are demanding:
Again, just to put a number on it: They are asking for $75/month(!!!) on top of the regular rate to go into their pocket. That's an additional $2,700(!!) over 36 months.
MF charge-ups aren't nothing out of the ordinary but there are decent ones (+$15/month) and flat out outrageous ones (+$75/month). I guess you know what I mean by that...
__________________
Gone: 2020 X7 M50i, Mineral White, Ivory White Full Merino, Piano Black Trim, Cold Weather, Dynamic Handling, Driving Assistance, Luxury Seating, Executive, 22" Y-Spoke Orbit Grey Wheels Style 758i, Space Saver Spare, Trailer Hitch, Leather Dash, Ambient Air, Bowers & Wilkins, Rear Entertainment, Night Vision, Extended Shadowline, Alcantara Headliner in Upholstery Color.