04-10-2014, 08:20 PM | #1 |
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Deal from my CA- new 2014 M5
The following is a quote I got for a 2014 M5 that is to be
ordered (not built yet): MSRP $105,725.00 SELLING PRICE $97,405.00 36month/10k MF .00081 (with 7 x MSD) 61% residual monthly payment = 1045.38 + tax Can anyone weigh in on this deal? thanks! Last edited by 2ndlife; 04-11-2014 at 01:24 AM.. Reason: price is + tax |
04-10-2014, 08:22 PM | #2 | |
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04-10-2014, 09:45 PM | #4 |
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.00081 +.00049 (7 MSDs) = .00130, or the going rate, so I am guessing yes.
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04-10-2014, 11:19 PM | #5 |
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04-10-2014, 11:23 PM | #6 |
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I don't understand...?
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04-10-2014, 11:30 PM | #7 |
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Deal seems really good to me. It's pretty much the same deal I am getting by going ED.
Mine is MSRP of $109,225. Same miles and term... same residual. My MF is .00111 with 7 MSD's and the ED MF adder. And PA tax is 9%! My payment is $1059.
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04-11-2014, 01:24 AM | #8 | |
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Plus I don't think the CA factored in the $1500 credit yet. |
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04-11-2014, 05:46 AM | #9 |
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Still seems good to me. Do yourself a favor and DL the app called leasematic. It will help you understand the numbers in the deal.
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04-11-2014, 08:12 AM | #11 |
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My Dealership took a HUGE loss on my deal; several thousand under invoice on an ordered (not inventory) car... But they also told me they really don't lose any actual money...whatever that means. There is all this backend crap with BMW we don't know about.
Wouldn't give any details on how it works but I doubt they are taking a real loss unless they are looking to dump the inventory. In this case, I would think they would be surrendering allocation as you state. I do not claim to be an expert on this, just saying there is probably much more to this than meets the eye. |
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