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      03-01-2019, 09:56 AM   #72
jamesms69
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Drives: 2014 328i Sport Wagon
Join Date: Aug 2013
Location: Columbus, OH

iTrader: (0)

Hi All,

I picked up my new M550i yesterday, and I wanted to share my lease breakdown. I got 9% off + incentives. I found four dealers willing to go that low, one of which would honor for an order. I opted for a car in inventory, however.

MSRP = $90,485
Selling Price = $82,340 (9% discount)
Add on = $600 for Maintenance+
Term = 36 month/12k miles annually
Residual = 59%
MF = .00188 (dealer wanted to mark up but I stood my ground)
Incentives = $3500 ($1500 lease cash + $2000 loyalty)
Cash down = $2000 (first months payment, dealer/govt fees, tax on cap cost reduction, and ~$180 to get to round number)

Final Payment = $1076 pretty darn close to 1% of MSRP for a luxury car.

Note: My loyalty credit was based on my BMW Motorcycle ownership. Some dealers were not aware that this qualified, but it was confirmed by BMW NA.

Know your numbers, because I found a lot of misinformation and shady tactics while shopping around. You have to keep the dealers accountable!
Appreciate 0