Dealer sticking it to me? .0020 MF

Shogun1122 · 02-22-2011, 04:40 PM

I just got a quote for a 335i sedan. He told me that my money factor was .0020. I have over 800 cr score and that is the best they can do. What are others with good credit ratings getting?

eekthecat · 02-22-2011, 04:46 PM

They're allowed to mark up the MF, but I'd try to find a dealer who doesn't. It should be 0.00150 for 24-42mo (0.00120 for returning customers). Aren't you in GOLFRR's neck of the woods? I'd shoot him a PM.

Shogun1122 · 02-22-2011, 04:50 PM

I am in his neck of the woods. I was going to give my local guy a chance. Funny enough he told me .0015 and .0012 (loyalty) over the phone this morning, then sent me an email with .0020 and .0017(loyalty).

When I emailed him back to confirm what the actual numbers were he stated that .0020 and .0017(loyalty) were correct.

I am trying to contact Steve Thomas BMW as they are about a 30min drive.

eekthecat · 02-22-2011, 04:57 PM

Quote:

Originally Posted by Shogun1122

I am in his neck of the woods. I was going to give my local guy a chance. Funny enough he told me .0015 and .0012 (loyalty) over the phone this morning, then sent me an email with .0020 and .0017(loyalty).

When I emailed him back to confirm what the actual numbers were he stated that .0020 and .0017(loyalty) were correct.

I am trying to contact Steve Thomas BMW as they are about a 30min drive.

I'd imagine that would be a nice, scenic 30min drive home with your new BMW

As bored as I am waiting for my new car to arrive, I actually gave some thought to how much it would suck that my dealership is only 10min of crappy socal traffic away from my house.

Anyway, it seems that usually they drop the mark-up as soon as they realize you'll call them on it

67R60 · 02-24-2011, 11:38 AM

Hey Shogun,

Go here for the monthly published residuals and lease rates. If you are going with a 48 month lease, your dealer is quoting you correctly.

http://www.ridewithg.com/index.php/c...ase-rates/bmw/

Good Luck,

Shogun1122 · 02-25-2011, 12:00 PM

I guess that i forgot to mention that I am doing a ED. I guess BMW states that they have to add .0003 MF for all EDs. I ended up getting .0016 which is .0012 +.0001 (dealer markup) + .0003 for ED = .0016. I guess I am ok with that being that i got 600 over MSRP.

armenh · 02-27-2011, 05:57 PM

Quote:

Originally Posted by Shogun1122

I guess that i forgot to mention that I am doing a ED. I guess BMW states that they have to add .0003 MF for all EDs. I ended up getting .0016 which is .0012 +.0001 (dealer markup) + .0003 for ED = .0016. I guess I am ok with that being that i got 600 over MSRP.

invoice**

Shogun1122 · 03-01-2011, 01:16 PM

Quote:

Originally Posted by armenh

invoice**

Sorry, I meant invoice. 600 over MSRP would not have been a good deal.

02-22-2011, 04:40 PM	#1
Shogun1122 Private First Class 14 Rep 143 Posts Drives: '20 X3M Comp Join Date: Jul 2009 Location: Santa Barbara iTrader: (0)	Dealer sticking it to me? .0020 MF I just got a quote for a 335i sedan. He told me that my money factor was .0020. I have over 800 cr score and that is the best they can do. What are others with good credit ratings getting?
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02-22-2011, 04:46 PM	#2
eekthecat Lieutenant 24 Rep 481 Posts Drives: 428i Join Date: Mar 2008 Location: California iTrader: (2)	They're allowed to mark up the MF, but I'd try to find a dealer who doesn't. It should be 0.00150 for 24-42mo (0.00120 for returning customers). Aren't you in GOLFRR's neck of the woods? I'd shoot him a PM.
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02-22-2011, 04:50 PM	#3
Shogun1122 Private First Class 14 Rep 143 Posts Drives: '20 X3M Comp Join Date: Jul 2009 Location: Santa Barbara iTrader: (0)	I am in his neck of the woods. I was going to give my local guy a chance. Funny enough he told me .0015 and .0012 (loyalty) over the phone this morning, then sent me an email with .0020 and .0017(loyalty). When I emailed him back to confirm what the actual numbers were he stated that .0020 and .0017(loyalty) were correct. I am trying to contact Steve Thomas BMW as they are about a 30min drive.
	Appreciate 0 Quote

02-24-2011, 11:38 AM	#5
67R60 Seattle Area 52 Rep 362 Posts Drives: BMWs,60s Alfa Romeos Join Date: Mar 2008 Location: Bellingham, WA iTrader: (2)	Hey Shogun, Go here for the monthly published residuals and lease rates. If you are going with a 48 month lease, your dealer is quoting you correctly. http://www.ridewithg.com/index.php/c...ase-rates/bmw/ Good Luck, __________________ 1999 M3 Estoril Blue/Dove 1989 325i Delphin Grey 2011 335x LeMans Blue
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02-25-2011, 12:00 PM	#6
Shogun1122 Private First Class 14 Rep 143 Posts Drives: '20 X3M Comp Join Date: Jul 2009 Location: Santa Barbara iTrader: (0)	I guess that i forgot to mention that I am doing a ED. I guess BMW states that they have to add .0003 MF for all EDs. I ended up getting .0016 which is .0012 +.0001 (dealer markup) + .0003 for ED = .0016. I guess I am ok with that being that i got 600 over MSRP.
	Appreciate 0 Quote