Leasing '13 328i, selling trade-in

Originally Posted by FluTricolor

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?

Originally Posted by thegandalf

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+

Originally Posted by Justin@NCBMW

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?

Originally Posted by thegandalf

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

Originally Posted by Justin@NCBMW

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?)

Originally Posted by thegandalf

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

Originally Posted by Justin@NCBMW

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

Originally Posted by Justin@NCBMW

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