Welcome to Bimmerfest -- The #1 Online Community for BMW related information! Please enjoy the discussion forums below and share your experiences with the 200,000 current, new and past BMW owners. The forums are broken out by car model and into other special interest sections such as BMW European Delivery and a special forum to voice your questions to the many BMW dealers on the site to assist our members!

Please follow the links below to help get you started!

Go Back   Bimmerfest - BMW Forums > The Best of Bimmerfest! > Ask-A-Dealer

Ask-A-Dealer
Talk to our team of BMW Client Advisors. Get all of your buying/financing/leasing questions answered here!

Reply
 
Thread Tools Display Modes
  #1  
Old 12-04-2012, 01:06 PM
candyman7 candyman7 is offline
Registered User
Location: PA
 
Join Date: Dec 2012
Posts: 5
Mein Auto: G35
What should my money factor actually be?

I keep seeing the .00125 number on forums and around the web. I'm a first-time lessee with excellent credit (BMWFS qualified me for tier 1) - the dealer gave me .00135 money factor. Does that sound correct or should I be working for the .00125? I'm in PA looking for a '13 X3 35i.

Thanks!
Reply With Quote
Ads by Google
  #2  
Old 12-04-2012, 01:08 PM
cchrisv cchrisv is offline
Blue Bimmer!
Location: Maryland
 
Join Date: Aug 2012
Posts: 217
Mein Auto: 2013 335i EBII
Dealers are allowed to mark up rates.
__________________
-----
Proud Owner of 2013 335 6spd EBII.
Reply With Quote
  #3  
Old 12-04-2012, 01:09 PM
perlman007 perlman007 is offline
Registered User
Location: Arlington, VA
 
Join Date: Dec 2012
Posts: 21
Mein Auto: 2007 328xi Coupe
There might be some CAs or BMW NA employees who can confirm, but I have been looking at X3's as well. The base rate I found for money factor has been .00125 for the 2.8i and .00135 for the 3.5

You can lower it with MSDs (up to seven of them)
Reply With Quote
  #4  
Old 12-04-2012, 01:37 PM
Justin@NCBMW Justin@NCBMW is offline
'Fest Sponsor
Location: SoCal
 
Join Date: Jun 2012
Posts: 865
Mein Auto: MY13 X5 50i
Quote:
Originally Posted by candyman7 View Post
I keep seeing the .00125 number on forums and around the web. I'm a first-time lessee with excellent credit (BMWFS qualified me for tier 1) - the dealer gave me .00135 money factor. Does that sound correct or should I be working for the .00125? I'm in PA looking for a '13 X3 35i.

Thanks!
X3 35i is not .00125 ...what they quoted is correct
__________________
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!


M6GC in stock...come by for a look!
Reply With Quote
  #5  
Old 12-04-2012, 03:32 PM
candyman7 candyman7 is offline
Registered User
Location: PA
 
Join Date: Dec 2012
Posts: 5
Mein Auto: G35
Quote:
Originally Posted by Justin@NCBMW View Post
X3 35i is not .00125 ...what they quoted is correct
Thanks Justin.
Reply With Quote
  #6  
Old 12-21-2012, 07:52 AM
stones3131 stones3131 is offline
Registered User
Location: Philadelphia, PA
 
Join Date: Feb 2012
Posts: 23
Mein Auto: 328i xDrive
I read somewhere the money factor is basically the APR. Take the money factor and multiply it by 2400 and you get the actual APR. So the MF of .00125 equates to a 3.0% APR.

https://www.leaseguide.com/glossary/money-factor.htm
Reply With Quote
  #7  
Old 12-24-2012, 08:16 AM
capriguy84 capriguy84 is offline
328XI *****
Location: New York
 
Join Date: Jun 2011
Posts: 15
Mein Auto: 328XI-2007
For an elite rating, the MF is mentioned in BMW FS page.

At this time though out USA, the MF is 0.00130 for 3-series & 0.00125 for X1 series.


If you tell, you won;t take 135, they will lower it for you. The same is with Bank Fee, my dealer marked up to $849 and I told them that I will only pay $725(standard). The manager then agreed to give it.

So make sure you are fully informed before you step-in thru the dealership frontdoor.

I learnt a lot from bimmerfest & the post site. I bargained my way under invoice and nice rebates.
Attached Thumbnails
Click image for larger version

Name:	image.jpg
Views:	99
Size:	276.3 KB
ID:	354472  
Reply With Quote
Reply

Bookmarks


Forum Navigation
Go Back   Bimmerfest - BMW Forums > The Best of Bimmerfest! > Ask-A-Dealer
Today's Posts Search
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On



Forum Jump


All times are GMT -7. The time now is 01:41 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
© 2001-2011 performanceIX, Inc. All Rights Reserved .: guidelines .:. privacy .:. terms