Quote:
Originally Posted by Djokodallas
Here is an reply from the dealer.
What do you guys think ?
The money factor on the lease is .00170 or as a interest rate 4.08 set by BMW Financial
The interest rate on the Owners Choice is 4.0 set by BMW
The residuals are
10k 61%
12k 60%
15k 58%
Yes we take multiple dpsts up to 7 and the Money Factor then would be
.00121
Deposits rounded up $50 example : if pymt is $1351 security dpst would be
$1400 x 7= $9800 in sec dpst
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The current buy rate set by BMWFS for tier one customers is .0013. Some dealers pass on this buy rate to their customers, some markup the buy rate. The maximum markup allowed by BMWFS is .0004. So your dealer is setting your money factor rate at the max allowed by BMWFS. This will cost you a couple thousand bucks more over the life of the lease vs. a dealer setting your money factor at .0013. So you need to factor this into the deal.
I would refer you to my BMW sales guy here in California, however he doesn't sell out of state. I think I recall that David at Steve Thomas BMW does out of state deals routinely, and he has a very good reputation with board members here, why not see what he can offer you?