BMWFS Money Factor Question

[MTTM]

For those who have been leasing their 135's - what MF have you been paying? Please specify the duration of your lease. Thanks.

[dmboone25]

For April, I think 15K a year for 3 yrs is 58% residual and .00258 MF. There are more derivations floating around but I can't remember them all.

[gregthegr8]

Well, realize that I don't know how many dealers will actually GIVE you that .00258. I suppose that depends on your dealer, your credit, and what have you. But, if you have good credit, while I don't think their customer service was very helpful in my personal situation, leasecompare.com has MFs of about .00219 to .00224 last time I checked, depending on the length of the lease and assuming you have a credit score of like 700+. Check 'em out.

[MTTM]

More than one dealer has told me that the .00258 isn't accurate and that the BMWFS money factor is over .00300. Are they just blowing smoke? I've thought about going the leasecompare route but might just finance through PenFed too. My car wont likely be here until late May / mid-June so I have some time to decide.

[pgr135i]

Originally Posted by MTTM

More than one dealer has told me that the .00258 isn't accurate and that the BMWFS money factor is over .00300. Are they just blowing smoke? I've thought about going the leasecompare route but might just finance through PenFed too. My car wont likely be here until late May / mid-June so I have some time to decide.

My dealer "offered" me a money factor of 0.0300 for a 2 year lease. I think its crazy. I have a credit score of almost 800, so I was hoping for a good deal.

I guess I'll just go finance from somewhere else.

[Red135]

When we placed our order, the CA stated us a MF of .0031 (= 7.34% int). Our credit is also perfect. There are apparently new lease deals coming out in May. Hopefully it will include the lower (.0026, 6.18%) MF.

[Fast Kiwi]

you're credit score dosnt mean anything to BMW when it comes to the rate.. You either qualify or you don't. Its that simple...
There is only room for movement in m/f in regards to the profit margin to the dealership.

[drand]

The .00258 is right, the dealers that are saying it isn't are marking it up. Here are the actually lease rates prior to mark-up.

http://www.bimmerfest.com/forums/sho...d.php?t=275784

[Quark]

Originally Posted by angkor

The .00258 is right, the dealers that are saying it isn't are marking it up. Here are the actually lease rates prior to mark-up.

http://www.bimmerfest.com/forums/sho...d.php?t=275784

Well, I've heard that your credit score will have an effect on your rate for the 1 series, but others like the 3 are subsidized and it's not a factor there. (But then, I've also heard the max markup from the dealer was .004 or wherever that decimal point goes. That doesn't seem to agree with the .0031 rate mentioned above.)

I'm sitting at .0029 now, it was reduced once my credit app went in.

[gregthegr8]

Ya, BMW dealers make their money by MARKING UP on the lease rates. I calculated the rate they quoted me as about .003, which sucks, but lease compare were real a-holes when it came to me. However, I would suggest trying them first to save money cause if you qualify and their credit report doesn't have major errors like mine did (not showing a perfect payment record for 4 years on a lease), then it will be .00219 I believe or .00224 on a 36 and 39 month lease. I unfortunately will end up paying a premium and going through BMW though.

[Quark]

Originally Posted by gregthegr8

Ya, BMW dealers make their money by MARKING UP on the lease rates. I calculated the rate they quoted me as about .003, which sucks, but lease compare were real a-holes when it came to me. However, I would suggest trying them first to save money cause if you qualify and their credit report doesn't have major errors like mine did (not showing a perfect payment record for 4 years on a lease), then it will be .00219 I believe or .00224 on a 36 and 39 month lease. I unfortunately will end up paying a premium and going through BMW though.

What about the residual? BMWFS is offering the crazy high 79% for two year lease on the 128i... That could even things out...