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Ask-A-Dealer
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  #26  
Old 10-08-2012, 11:42 AM
thegandalf thegandalf is offline
Liked when BMW was in F1
Location: GA
 
Join Date: Sep 2012
Posts: 841
Mein Auto: 2013 AH3 Lux Line
Quote:
Originally Posted by FluTricolor View Post
We're now down to $450 over invoice, 599 doc fees, no prep fees, and the state fees for tag/title/etc (at actual cost per DMV website). Trade offer still 500 less than carmax, but has the convenience of transferring tags (saving $$) if trade done with the dealer. .00135 MF (I believe, getting a breakdown sheet showing this today), 62% residual, $18 down payment (to bring payments down, dropping security deposits to next-lowest $50 tier), 7 MSD, no paint and leather protection, no extended service protections, no underbody coating, but including a full tank of gas ...the finance manager's "great deals" all to be declined. Sound appropriate? This is for a 36mo/30,000mi lease. Credit approved at super elite tier, for what it's worth.

German Expat - You have me curious on the "full 4 points + 200$ for that." line. I haven't leased a vehicle before...just following the advice and stickies on the Bimmerfest forums. I'm afraid to hear the backlash on the $18 down payment...but honestly, we know to usually put nothing down. This dealer has no problem with the zero cap cost reduction, but informed me only 1 out of 100 clients do a lease with those terms.
This leads to a question of my own. Do anybody know how BMW breaks their financing tear off?
Is the super elite tier linked to a 750+ score?
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  #27  
Old 10-08-2012, 01:05 PM
Justin@NCBMW Justin@NCBMW is offline
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Quote:
Originally Posted by thegandalf View Post
this leads to a question of my own. Do anybody know how bmw breaks their financing tear off?
Is the super elite tier linked to a 750+ score?
675+
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New Century BMW ~ 7 Time Center of Excellence recipient 2013 PIA winner

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  #28  
Old 10-08-2012, 01:38 PM
thegandalf thegandalf is offline
Liked when BMW was in F1
Location: GA
 
Join Date: Sep 2012
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Quote:
Originally Posted by Justin@NCBMW View Post
675+
Thanks Justin!

That is lower than I would have thought Have they lowered to bring more sales, or they are also using other factors when making the credit decision?
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also 2012 Odyssey.


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  #29  
Old 10-08-2012, 02:27 PM
Justin@NCBMW Justin@NCBMW is offline
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Originally Posted by thegandalf View Post
Thanks Justin!

That is lower than I would have thought Have they lowered to bring more sales, or they are also using other factors when making the credit decision?
Score determines the tier ... other factors determine (income, credit history etc)if they approve it or not

They make the change when they went to a 4 tier program
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Justin W.
Lease Portfolio/ED Manager
New Century BMW ~ 7 Time Center of Excellence recipient 2013 PIA winner

1139 W Main St Alhambra, CA 91081

(800) 286-4269 Main Office
(626) 570-8444 ext. 4675


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  #30  
Old 10-08-2012, 02:55 PM
thegandalf thegandalf is offline
Liked when BMW was in F1
Location: GA
 
Join Date: Sep 2012
Posts: 841
Mein Auto: 2013 AH3 Lux Line
Quote:
Originally Posted by Justin@NCBMW View Post
Score determines the tier ... other factors determine (income, credit history etc)if they approve it or not

They make the change when they went to a 4 tier program
Thanks again. It makes sense.
I think I was using old info then?
The final question I would have then (since I've so blatantly highjacked the thread), which should have been my first question:
What are the current tiers and target scores? (is this something you are allowed to post?)
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Current car: BMW AH3 2013 - Black Sapphire-Saddle brown-ZLL-ZPP-ZTP-ZDA-HK
also 2012 Odyssey.


Past cars: Civic, Mazda6, Accord coupe, Accord Sedan.
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  #31  
Old 10-09-2012, 11:12 AM
Justin@NCBMW Justin@NCBMW is offline
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Quote:
Originally Posted by thegandalf View Post
Thanks again. It makes sense.
I think I was using old info then?
The final question I would have then (since I've so blatantly highjacked the thread), which should have been my first question:
What are the current tiers and target scores? (is this something you are allowed to post?)
For SSP only
675+ = top tier
640-674 = Posted rates +1% or posted MF + .00020
601-639 = Posted rates +2% or posted MF + .00040
575-600 = Posted rates +3% or posted MF + .00060
__________________
Justin W.
Lease Portfolio/ED Manager
New Century BMW ~ 7 Time Center of Excellence recipient 2013 PIA winner

1139 W Main St Alhambra, CA 91081

(800) 286-4269 Main Office
(626) 570-8444 ext. 4675


Click here to email me!

Last edited by Justin@NCBMW; 10-09-2012 at 11:15 AM.
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  #32  
Old 10-09-2012, 12:05 PM
miamiboyca's Avatar
miamiboyca miamiboyca is offline
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Location: Dallas, TX
 
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Quote:
Originally Posted by Justin@NCBMW View Post
For SSP only
675+ = top tier
640-674 = Posted rates +1% or posted MF + .00020
601-639 = Posted rates +2% or posted MF + .00040
575-600 = Posted rates +3% or posted MF + .00060
Pretty cool that BMW is so flexible... Lol
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  #33  
Old 10-09-2012, 12:29 PM
thegandalf thegandalf is offline
Liked when BMW was in F1
Location: GA
 
Join Date: Sep 2012
Posts: 841
Mein Auto: 2013 AH3 Lux Line
Quote:
Originally Posted by Justin@NCBMW View Post
For SSP only
675+ = top tier
640-674 = Posted rates +1% or posted MF + .00020
601-639 = Posted rates +2% or posted MF + .00040
575-600 = Posted rates +3% or posted MF + .00060
Thanks for the info
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Current car: BMW AH3 2013 - Black Sapphire-Saddle brown-ZLL-ZPP-ZTP-ZDA-HK
also 2012 Odyssey.


Past cars: Civic, Mazda6, Accord coupe, Accord Sedan.
BMW CCA Member
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