Plzz Help me with lease quote from dealer!!

livestrong191 · 02-24-2014, 05:12 PM

I got a quote from a dealer and these numbers seem high, help me reduce these numbers and ask the right questions and get closer to $390 to $400 ish payment

tnk210 · 02-24-2014, 05:53 PM

A better picture is needed. I can barely read any of that.

livestrong191 · 02-24-2014, 06:55 PM

Quote:

Originally Posted by tnk210

A better picture is needed. I can barely read any of that.

Sorry about that

[IMG]

five3three · 02-24-2014, 07:14 PM

Quote:

Originally Posted by livestrong191

Sorry about that

[IMG]

For starters your money factor is jacked up so you are paying quite a bit more than you should in interest. It should be .00130 instead of .00150. I would tell them I won't pay jacked up interest rates since they are not the ones who are holding your lease, but rather BMWFS, so why should they be profiting from your payments on top of the already negotiated price and the 399 doc fee which is just profit.

.00130 * 2400 = 3.12%

.00150 * 2400 = 3.60%

This difference would save you about $12-15 a month. Getting rid of the doc fee would save you another $10.

But, none of this will get you down to your 390 to 400 range unless you negotiate a lower price or put more money down. It's just that you should at the very least get those interest rates down then see where you stand.

livestrong191 · 02-24-2014, 07:47 PM

They said they could not give me the .0013.

We couldn't do the .00130 but gave you .00150. But in lieu of that we lowered the Acquisition Fee $200 to $725

So I guess I could lower another $500 by changing the EB to white but note sure what a impact $500 will be

unintelligible · 02-24-2014, 08:15 PM

Haha I love dealers.

$725 is the standard BMWFS acquisition fee. They "lowered" the fee? No, they are charging you the standard amount rather than marking it up, like they are doing to your interest rate. They are playing games with you.

BMW F22 · 02-24-2014, 08:22 PM

Where do you live OP? I might be able to help you get a better deal.

livestrong191 · 02-24-2014, 08:27 PM

Quote:

Originally Posted by BMW E90

Where do you live OP? I might be able to help you get a better deal.

Live in Wilmington North Carolina

livestrong191 · 02-24-2014, 08:29 PM

Quote:

Originally Posted by unintelligible

Haha I love dealers.

$725 is the standard BMWFS acquisition fee. They "lowered" the fee? No, they are charging you the standard amount rather than marking it up, like they are doing to your interest rate. They are playing games with you.

Ok so can you guys give me numbers I can take back to them , where I can find out actual numbers that they inflated and show them WTF

five3three · 02-24-2014, 08:37 PM

Quote:

Originally Posted by livestrong191

Ok so can you guys give me numbers I can take back to them , where I can find out actual numbers that they inflated and show them WTF

Well, for the acquisiton fee, if you open up any lease deal on BMWFS website you will see the terms saying 725 for acquisition fee. The dealer is allowed to mark it up by 200 but that is just extra profit.

Now, in regards to the money factor, I'm not sure where to find that in writing, however if you ask any dealer on this forum they'll tell you it's .00130 for the month of February, no questions asked. I'm sure if you work out the numbers on the leases that BMW lists on their website you'll find them at that rate as well. Same as the acquisition fee, they are allowed to fluff that a little bit but again that's just profit.

five3three · 02-24-2014, 08:39 PM

Quote:

Originally Posted by livestrong191

Live in Wilmington North Carolina

I can get you a way better deal if you can do one of two things:

place an order and pick it up in Maryland

or

place an order and do performance center delivery in south carolina

Probably something like 2500 off msrp (for 235) and easily that, if not more for the 228 since that's what it looks like you're getting. PM me if interested for the dealer info

BMW F22 · 02-24-2014, 11:03 PM

Quote:

Originally Posted by livestrong191

Live in Wilmington North Carolina

Quote:

Originally Posted by five3three

I can get you a way better deal if you can do one of two things:

place an order and pick it up in Maryland

or

place an order and do performance center delivery in south carolina

Probably something like 2500 off msrp (for 235) and easily that, if not more for the 228 since that's what it looks like you're getting. PM me if interested for the dealer info

That's too far for anything on the West Coast. Perhaps you could contact Adrian @ South Atlanta BMW. Other than that you should do what five3three suggested and pick it up at the performance delivery center. That's your best bet and it's a unique experience.

pz619 · 02-25-2014, 01:23 PM

Quote:

Originally Posted by livestrong191

Ok so can you guys give me numbers I can take back to them , where I can find out actual numbers that they inflated and show them WTF

If you are comfortable with your vehicle price your next steps are to take the acquisition fee down to $725 and MF to .0013.

Honestly it could be as simple as calling/emailing the next local dealer and saying "I want this deal, but I need these two things to happen. Can you do it?"

livestrong191 · 02-27-2014, 10:17 AM

Ok so my local dealer said he would give me the .0013 and $725 and only 4% discount. It bring me to $433 with tax $446. Getting closer to the $390 to $400 range. Now if I got the $2500 discount and the same figures I would be just right to do the deal. I guess I need to hold out and see

maxdriver · 02-28-2014, 09:13 AM

This site is like gold when it comes to negotiating a bmw lease..

http://www.bmwconfig.com/BmwConfig/Config.aspx

livestrong191 · 02-28-2014, 09:40 AM

Quote:

Originally Posted by maxdriver

This site is like gold when it comes to negotiating a bmw lease..

http://www.bmwconfig.com/BmwConfig/Config.aspx

I would agree playing around with it BUT I do not see the BMW 2series on there yet

five3three · 02-28-2014, 09:41 AM

Quote:

Originally Posted by maxdriver

This site is like gold when it comes to negotiating a bmw lease..

http://www.bmwconfig.com/BmwConfig/Config.aspx

The only thing is the 2's haven't been added in there yet.

Deso · 02-28-2014, 01:23 PM

You can use any model and just change the numbers on the finace tab.

maxdriver · 02-28-2014, 04:20 PM

Quote:

Originally Posted by five3three

The only thing is the 2's haven't been added in there yet.

Nice catch...hadn't bothered to look!

Ramos · 03-01-2014, 09:00 PM

Dude, run !! Don't do business with this slimy stealership. Marking up the money factor and acquisition fees is the sign of a lousy crappy unethical dealership. These are the lowest dirtiest tricks in the book.
Tell them they are unethical thieves and run to another dealership that will treat you fairly.

02-24-2014, 05:12 PM	#1
livestrong191 Enlisted Member 9 Rep 32 Posts Drives: C350 Join Date: Nov 2013 Location: USA iTrader: (0)	Plzz Help me with lease quote from dealer!! I got a quote from a dealer and these numbers seem high, help me reduce these numbers and ask the right questions and get closer to $390 to $400 ish payment
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02-24-2014, 05:53 PM	#2
tnk210 Private First Class 27 Rep 123 Posts Drives: 2020 X3M Join Date: Nov 2013 Location: San Diego iTrader: (0)	A better picture is needed. I can barely read any of that.
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02-24-2014, 07:47 PM	#5
livestrong191 Enlisted Member 9 Rep 32 Posts Drives: C350 Join Date: Nov 2013 Location: USA iTrader: (0)	They said they could not give me the .0013. We couldn't do the .00130 but gave you .00150. But in lieu of that we lowered the Acquisition Fee $200 to $725 So I guess I could lower another $500 by changing the EB to white but note sure what a impact $500 will be
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02-24-2014, 08:15 PM	#6
unintelligible Computer Janitor 6 Rep 272 Posts Drives: '12 F30 328i Join Date: Nov 2011 Location: Melbourne, FL iTrader: (0)	Haha I love dealers. $725 is the standard BMWFS acquisition fee. They "lowered" the fee? No, they are charging you the standard amount rather than marking it up, like they are doing to your interest rate. They are playing games with you. __________________ 2012 328i Sport Line 6MT (Turned In) 2015 Ford Mustang GT Premium (Current)
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02-24-2014, 08:22 PM	#7
BMW F22 Major General 3566 Rep 9,788 Posts Drives: ///M235i Join Date: Nov 2005 Location: Bay Area iTrader: (8)	Where do you live OP? I might be able to help you get a better deal.
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02-27-2014, 10:17 AM	#14
livestrong191 Enlisted Member 9 Rep 32 Posts Drives: C350 Join Date: Nov 2013 Location: USA iTrader: (0)	Ok so my local dealer said he would give me the .0013 and $725 and only 4% discount. It bring me to $433 with tax $446. Getting closer to the $390 to $400 range. Now if I got the $2500 discount and the same figures I would be just right to do the deal. I guess I need to hold out and see
	Appreciate 0 Quote

02-28-2014, 09:13 AM	#15
maxdriver Second Lieutenant 88 Rep 238 Posts Drives: ‘23 GRolla; MDX S Join Date: Nov 2011 Location: Northeast iTrader: (0)	This site is like gold when it comes to negotiating a bmw lease.. http://www.bmwconfig.com/BmwConfig/Config.aspx
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02-28-2014, 01:23 PM	#18
Deso Private First Class 121 Rep 172 Posts Drives: 2017 M2, LBB MT Join Date: Feb 2014 Location: Chicago Burbs iTrader: (0)	You can use any model and just change the numbers on the finace tab.
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03-01-2014, 09:00 PM	#20
Ramos Colonel 861 Rep 2,896 Posts Drives: G20 2020 M340 Join Date: Nov 2007 Location: So-Cal iTrader: (6)	Dude, run !! Don't do business with this slimy stealership. Marking up the money factor and acquisition fees is the sign of a lousy crappy unethical dealership. These are the lowest dirtiest tricks in the book. Tell them they are unethical thieves and run to another dealership that will treat you fairly.
	Appreciate 0 Quote