rocky
06-30-2004, 11:24 AM
I know this is June 30, but does anyone have any inkling of what will happen with lease programs in July? I know the program now is very aggressive in terms of dealer cash, resids, and money factor. Should I wait a day and possibly miss this June program for a better July program?
Would you expect the lease payment to drop to release my existing car in July vs. now?
I have done some analysis and these are areas I have come up with that a dealer makes “profit” on a lease. Please correct me if I am wrong:
1. Money factor – addition to “buy rate” from BMWNA
2. Acquisition fee – addition to “buy rate” from BMWNA (usually $525)
3. Document fee – in addition to actual fees for title, reg, etc.
4. Dealer cash – keeping part of it or subtracting all form inv cost
5. Price OVER invoice cost
Within the invoice, there are such items as training and some type of advertising fee – are these actual or padded?
I would appreciate a quick reply since am trying to decide on new lease or release existing car. Unfortunately if I release, I can get car CPO’d, but was never told before end of maintenance that I should extend that before main was up, so buying extended main is no longer an option.
Thanks.
Would you expect the lease payment to drop to release my existing car in July vs. now?
I have done some analysis and these are areas I have come up with that a dealer makes “profit” on a lease. Please correct me if I am wrong:
1. Money factor – addition to “buy rate” from BMWNA
2. Acquisition fee – addition to “buy rate” from BMWNA (usually $525)
3. Document fee – in addition to actual fees for title, reg, etc.
4. Dealer cash – keeping part of it or subtracting all form inv cost
5. Price OVER invoice cost
Within the invoice, there are such items as training and some type of advertising fee – are these actual or padded?
I would appreciate a quick reply since am trying to decide on new lease or release existing car. Unfortunately if I release, I can get car CPO’d, but was never told before end of maintenance that I should extend that before main was up, so buying extended main is no longer an option.
Thanks.
