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Ask-A-Dealer
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  #1  
Old 09-01-2012, 03:19 PM
howard29 howard29 is offline
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Location: Orlando, FL
 
Join Date: Sep 2012
Posts: 5
Mein Auto: 2010 Infiniti G37
Lease quote on M3 Convertible- good deal?

Just came back from my Central Florida BMW dealer, looking to lease a 2013 M3 convertible. Options are:

- Premium package
- DCT transmission
- 19" wheels
- Satellite radio

Terms:

- Cash Sale price: $74,500
- Starting money factor: .00195
- Money factory after applying 7 MSDs: .00146
- Total of MSDs is $7,700
- Residual: $45,647/60%
- No cap cost reduction
- $1755 due at signing which includes acquisition fee, etc.
- Monthly payment: $988+ tax so $1,057 including tax.

Is that any good? Any wiggle room on any of the terms?
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  #2  
Old 09-03-2012, 10:49 PM
Greg@Pacific BMW Greg@Pacific BMW is offline
Greg Poland Pacific BMW
Location: Glendale, CA
 
Join Date: Aug 2010
Posts: 2,167
Mein Auto: 2011 X5 3.5 M sport
How much over invoice? Is your credit score over 675?
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Greg Poland
Pacific BMW
800 South Brand Blvd.
Glendale, CA 91204
818 254 1491
www.PacificBMW.com
gregpoland@pacificbmw.com
Euro delivery, PC delivery, Out of state-new and used car sales
Hours:T-F 1-8 PM,Sat 1 to 8pm, off Sun and Mon.



Current rides: 2013 X5 msport and 2013 535i
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Last edited by Greg@Pacific BMW; 09-03-2012 at 10:51 PM.
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  #3  
Old 09-04-2012, 08:03 AM
howard29 howard29 is offline
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Location: Orlando, FL
 
Join Date: Sep 2012
Posts: 5
Mein Auto: 2010 Infiniti G37
Quote:
Originally Posted by Greg@Pacific BMW View Post
How much over invoice? Is your credit score over 675?
Yes credit score is over 675. As I check edmunds.com, the invoice price there for my options is $72,200. And the CAP cost of the vehicle is $74,500.
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  #4  
Old 09-04-2012, 10:22 AM
Fzara2000 Fzara2000 is offline
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Location: New Jersey
 
Join Date: Jan 2004
Posts: 607
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Mein Auto: E92 335is
So you're being charged $2,300 over invoice?

What does your upfront fees of $1,755 consist of? Security deposit, doc. fee, title/dmv, etc.
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  #5  
Old 09-04-2012, 10:52 AM
howard29 howard29 is offline
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Location: Orlando, FL
 
Join Date: Sep 2012
Posts: 5
Mein Auto: 2010 Infiniti G37
Yes looks like $2300 over invoice. As I look at the numbers printout I was given, I see an acquisition fee of $925, license/registration cost of $150, and a state "other fees" of $66.50. I'm not seeing any other fees on the sheet so I have a call into them to find out why there is a discrepancy there.
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  #6  
Old 09-04-2012, 03:07 PM
Fzara2000 Fzara2000 is offline
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Mein Auto: E92 335is
There's also a $200 markup over the acquisition fee. Base is $725
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