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Old 02-16-2013, 08:15 PM
PK2348 PK2348 is offline
Officially Welcomed to the 'Fest
Location: Brooklyn NY
 
Join Date: Jan 2013
Posts: 485
Mein Auto: 2013 328 xdrive
Quote:
Originally Posted by lawyer540 View Post
What is MACO? I am in Charlotte NC. Wonder what it is here?

Below are more details on the current deal. Is a 328, jet black with sport line, premium pkg, lighting pkg, heated front seats, and enhanced BT & USB. Invoice (based on edmunds) for this car should be $41,755, which includes the $895 destination charge.

MSRP $45,395.00
Capitialized cost $44,050.00
Bank fee $925.00
DMV fee $69.00
Dealer Fee $549.00
Tax on Rebate $52.50 (3% of the $1,750 cash BMW FS is kicking in)
Total CAP Cost $45,593.00
Cap reduction $(1,750.00) (No $ down out of my pocket, just the rebates from BMW FS)
Net Cap cost $43,843.00

Residual $28,598.85
Term 36 months
Money Factor 0.0013

PMT - $533.15
I am ok with the money factor. I don't like the $549 'dealer fee', as I am a firm believer that is PURE PROFIT for the dealer. Its another 'add on' to milk another few hundred bucks off you. They way I have it figured, if invoice is $41,755 (8% off MSRP), then add $500 over, puts it to 42,255. Then, if they paid $400 to get it, makes it $42,655. So $43,000 would be nice for them. Again, that DOES NOT include their $549 'dealer fee'.

On this deal, if they drop the cap cost to $43,000, that makes the payment $501. I think I could live with that. But I may argue the $400 off since I didn't agree to that up front. It was presumptuous on their part. If they believe I will walk unless they eat that cost, it may work.

What you do you guys think? this is my first BMW lease. I have done a lot of research, but would love to hear more opinions.
You should defnately cosider another dealer. Good selling price is probably invoice +500. Without any maco or training fees. So if your invoice is 41,800, you should be able to get it at 42,300 or so. Now, any incentives, like like cash back should reduce that amount, so less 1750 you should be offering 40,600. Honestly never heard of dealer fee in NY metro area. So based on 40,600 plus acq fee and DMV fee. It sounds like you have access to a lease calculator so calculate what your payment should be and stick with it. They had bad month in January, they need to move cars.
Regarding money factor, if you can put down multiple security deposits (i think currently up to 7 is allowed), do it, you get them back at the end. it will reduce the money factor and lower the payments. If you do max 7 deposit, the payment of about 500 should go down by 30 bucks or so (as a general rule), i dont know how much each deposit reduces money factor, but the info is out there, you can run the data in a lease calculator and see if its worth it for you.

Last edited by PK2348; 02-16-2013 at 08:17 PM.
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