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BMW 3-Series (E90 E92) Forum
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Money Factor(MF)
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09-30-2005, 11:49 PM | #1 |
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Money Factor(MF)
I am getting ready to order my e90 tomorrow and I was was wondering what people thought about the money factor for a lease.
Is it negotiable??? I was told that with current lease offers BMW NA is offering about .31 to .32. This seems a bit high but being a new model it might be possible. Thanks for the info. |
10-01-2005, 12:13 AM | #2 |
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Seems to be majorly marked-up and I assume you mean .0031 to .0032 because otherwise the effective interest rate would be 744% vs. 7.44%. The new Oct. rates haven't been posted yet unfortunately.
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5-2-08 e93-35 ED Montego w/Jade Grey, Step w/Paddles, PP, SP, CA, hot seats and iPod.Awaing re-delivery soon.
Debadged 330xi ED 11/14/05 Auto/Mystic Blue/Gray leather with Alum/PP/SP/CA/Fold-down rear seats/Alarm. Sold to Carmax on 6/7/08 with 50,624 miles on clock |
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10-01-2005, 08:32 AM | #3 |
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Sept money factors were 0.0025 base rate, but dealers are allowed to mark up by 0.0004 to 0.0029.
If you get the base rate of 0.0025, that's 6%.
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10-01-2005, 09:21 AM | #5 |
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Best advice: SHOP AROUND. No reason to finance through BMW if a local bank, or even a national lender, can provide a better deal.
PLUS - always, always, always make sure the dealer isn't adding a "broker" or "origination" fee to the deal. This could be hundreds of dollars. So sure, the dealer will gladly cut your rate, but then add on an $800 origination fee, and explain it to you by saying that "everybody" pays that, its just part of getting a loan. Yeah, right.
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10-01-2005, 09:50 AM | #6 | |
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Quote:
.0003 increase for ED if you are going that option. .00015 will waive the security deposit? (I think) .0004 allowed markup. Even here if someone did this 8.04% option, they could still have the same payment as someone who got the base rate as there are 2 factors: interest and depreciation. I assumed that dealers were not going to go to the base rate and just lowered the price. I got the payment I wanted because I calculated it using the base rate and let the dealer come up with that payment however they wanted. If they wanted to charge me 8% but give me the sales price at invoice I didn't care. It was much easier than trying to hammer away at the dealer at every possible leasing variable. |
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