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Search: Keyword(s): ; Posts Made By: mclaren
Forum: Ask-A-BMW-Dealer 05-26-2017, 09:35 PM
Replies: 14
Views: 726
Posted By mclaren
If he buys it from BMWFS for the residual BMWFS...

If he buys it from BMWFS for the residual BMWFS opens the Champaign. I assumed he wasn't considering doing that !
Forum: Ask-A-BMW-Dealer 05-26-2017, 09:21 PM
Replies: 55
Views: 8,215
Posted By mclaren
Jon, in 1980 I bought a new BMW 633CSI which I...

Jon, in 1980 I bought a new BMW 633CSI which I loved and drove for 5 years. After that I went elsewhere until 2004 when I decided to get a 328i. I knew nothing about leasing and little about buying...
Forum: Ask-A-BMW-Dealer 05-26-2017, 08:34 PM
Replies: 14
Views: 726
Posted By mclaren
The 1st thing to do is find out what your car is...

The 1st thing to do is find out what your car is worth wholesale, it ain't close to $37,500. I would guess $27,500 but I don't know. To find out take it to Carmax and get a quote. Say Carmax says...
Forum: Ask-A-BMW-Dealer 03-05-2017, 02:46 AM
Replies: 6
Views: 774
Posted By mclaren
Hi Adrian. Yes they offered to trade him out of...

Hi Adrian. Yes they offered to trade him out of the car but they would have had to lose a lot of money and we didn't feel right about that. The X6 has 55k miles on it. There are 10 lease payments of...
Forum: Ask-A-BMW-Dealer 03-01-2017, 10:35 PM
Replies: 6
Views: 774
Posted By mclaren
X6 Airbag Recall, I'm Upset

My son has a 2014 X6 5.0 that is leased. I have a 2014 M5 that is leased. Because he drives a lot more than I do we switched cars because I had extra miles and he was over. The X6 has the airbag...
Forum: Ask-A-BMW-Dealer 02-21-2017, 12:37 AM
Replies: 62
Views: 3,778
Posted By mclaren
Nothing makes me sure, but BMW dealers pay close...

Nothing makes me sure, but BMW dealers pay close to Manheim. BMW can't charge the dealers unrealistic amounts. If you don't have a Carmax to go to in your area go to a used car dealer that has access...
Forum: Ask-A-BMW-Dealer 02-20-2017, 10:21 PM
Replies: 62
Views: 3,778
Posted By mclaren
I doubt your car is worth $36k wholesale. I ran...

I doubt your car is worth $36k wholesale. I ran it on Edmunds with 25k miles and quite a few options, under clean it said $33k and they are usually high, take it to Carmax to get the truth. But let's...
Forum: Ask-A-BMW-Dealer 02-20-2017, 09:52 PM
Replies: 62
Views: 3,778
Posted By mclaren
The technique is I have cultivated a very...

The technique is I have cultivated a very friendly relationship with the management of my dealer. I did this by leasing a lot of cars from them and bringing in friends who also bought or leased cars....
Forum: Ask-A-BMW-Dealer 02-20-2017, 09:24 PM
Replies: 62
Views: 3,778
Posted By mclaren
I'm not buying either of my leased BMWs at the...

I'm not buying either of my leased BMWs at the end of the lease and I wouldn't recommend anyone do it. However if I did want to buy my leased cars I could do it for a lot less than the BMWFS...
Forum: Ask-A-BMW-Dealer 02-20-2017, 08:59 PM
Replies: 12
Views: 1,351
Posted By mclaren
Leasing BMWs is great and I highly recommend it...

Leasing BMWs is great and I highly recommend it but the one downside is that when your lease is up you generally need a car. The key to leasing is to time it right and that's usually not possible at...
Forum: F10 / F11 (2011 - 2016) 02-20-2017, 06:15 PM
Replies: 17
Views: 658
Posted By mclaren
FWIW, if you are an amazon prime member you can...

FWIW, if you are an amazon prime member you can get a ton of music for free and play it in your car via Bluetooth and the amazon music app on a smartphone that will run it. On an iPhone the default...
Forum: Ask-A-BMW-Dealer 12-02-2016, 09:51 AM
Replies: 39
Views: 3,083
Posted By mclaren
Not true anymore.

Not true anymore.
Forum: Ask-A-BMW-Dealer 10-29-2016, 05:04 PM
Replies: 39
Views: 3,083
Posted By mclaren
If Carmax offered $25,500 that's what your car is...

If Carmax offered $25,500 that's what your car is worth and likely within a $1000 of what the dealer paid. If true they are making a killing if you pay $30,800. This is exactly the scenario I was...
Forum: Ask-A-BMW-Dealer 10-28-2016, 08:33 PM
Replies: 21
Views: 1,852
Posted By mclaren
Leasing is always best if the car has not been...

Leasing is always best if the car has not been titled, these would be loaners and executive cars called MSO or Brass Hat cars. These cars have new car residuals and are great deals, I try to get 20%...
Forum: Ask-A-BMW-Dealer 10-28-2016, 08:21 PM
Replies: 3
Views: 609
Posted By mclaren
The tax is applied to the $995 destination fee...

The tax is applied to the $995 destination fee which is part of the MSRP. The $925 is the lease acquisition fee.
Forum: Ask-A-BMW-Dealer 10-28-2016, 08:14 PM
Replies: 8
Views: 1,158
Posted By mclaren
I received in the mail a brochure explaining...

I received in the mail a brochure explaining this. Under the vin number it says my BMW Assist expires 12/08/2024 which is 10 years after delivery. So if you get it retrofitted it should be good for...
Forum: Ask-A-BMW-Dealer 10-28-2016, 08:05 PM
Replies: 39
Views: 3,083
Posted By mclaren
I think you've done some good work. I still would...

I think you've done some good work. I still would run it by Carmax. The way dealers sometimes really clean up is when a lease is up and the lessee wants to buy the car. BMWFS quotes the residual. The...
Forum: Ask-A-BMW-Dealer 10-28-2016, 07:41 PM
Replies: 37
Views: 2,322
Posted By mclaren
Monthly Interest = (average amount...

Monthly Interest = (average amount borrowed)*(monthly APR) = (Cap Cost + Residual)/2*(APR/12) = (Cap Cost + Residual)*(APR/24), So Money Factor is APR/24 or APR = 24*Money Factor.
Forum: Ask-A-BMW-Dealer 10-28-2016, 07:33 PM
Replies: 37
Views: 2,322
Posted By mclaren
With 7 MSDs the money factor would be .00136 -...

With 7 MSDs the money factor would be .00136 - .00049 = .00087, a great money factor. Equal to about 2%
Forum: Ask-A-BMW-Dealer 10-28-2016, 07:30 PM
Replies: 37
Views: 2,322
Posted By mclaren
I looked at that pen and pencil lease calculation...

I looked at that pen and pencil lease calculation thread and don't think it will help you. Here's McLaren's really simple lease calculation. Cap cost - Residual divided by 36 is the monthly...
Forum: Ask-A-BMW-Dealer 10-28-2016, 07:07 PM
Replies: 37
Views: 2,322
Posted By mclaren
They are going to want to mark up the money...

They are going to want to mark up the money factor to .00176 which is the maximum they are allowed. You don't want that. The MSDs reduce your lease cost significantly and you will get the money back...
Forum: Ask-A-BMW-Dealer 10-28-2016, 06:53 PM
Replies: 39
Views: 3,083
Posted By mclaren
Sometimes dealers make a killing in situations...

Sometimes dealers make a killing in situations like yours because the acceptable number you have is really a lot more than the dealer is paying for the car. Unlike new cars where we know what the...
Forum: Ask-A-BMW-Dealer 10-28-2016, 06:36 PM
Replies: 37
Views: 2,322
Posted By mclaren
Clank, you want to lease the car even if you want...

Clank, you want to lease the car even if you want to buy it. The lease residual is very high and the money factor very low. Leasing is like stealing. If you want to buy the car at the end of the...
Forum: F10 M5 (2012 - 2016) 10-28-2016, 06:22 PM
Replies: 7
Views: 1,935
Posted By mclaren
I have a 2014 Black Sapphire. All options except...

I have a 2014 Black Sapphire. All options except rear entertainment. Been a fun car, hope you like yours. That B&O sound system is great. If you have it there was a coupon for free B&O headphones in...
Forum: Ask-A-BMW-Dealer 10-20-2016, 04:24 PM
Replies: 6
Views: 1,029
Posted By mclaren
December, later is better.

December, later is better.
Showing results 1 to 25 of 1000

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