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 12-07-2012, 04:11 PM
Travel4Surf's Avatar
Travel4Surf Travel4Surf is offline
Officially Welcomed to the 'Fest
Location: Rio de Janeiro, Brasil
 
Join Date: Aug 2012
Posts: 223
Mein Auto: Everglades 243
My Numbers -535i for 24 Months

Looking at new 2013 535 lease for 24 months/12k a year

24Mo/12k A year

Residual Special @73%
MF @ 0.00125

MSRP- $69,320
Invoice- $63,895

Sales price is at 66,000. -Looks like 2k over invoice...

Cap Cost, after rebates, $64,475

Good deal?

Many Thanks...
Attached Thumbnails
Click image for larger version

Name:	Bwm535- DEAL -Financial.jpg
Views:	296
Size:	78.9 KB
ID:	352284  

Last edited by Travel4Surf; 12-08-2012 at 07:17 AM. Reason: Answered my question
Reply With Quote
Advertisement
  #2  
Old 12-07-2012, 04:24 PM
MonkeyCMonkeyDo MonkeyCMonkeyDo is offline
Officially Welcomed to the 'Fest
Location: Anaheim Hills
 
Join Date: Jun 2012
Posts: 493
Send a message via AIM to MonkeyCMonkeyDo
Mein Auto: 2013 335i
They are raping you on this deal. 2k over on an in stock unit and the still marking acq fee as well. The 3250 is working to offset your drive offs as a cap reduction. The line adjusted cap cost reduction is final price. I would shoot for 1k over invoice and standard acq fee of 725 if I was working this deal.
__________________
Reply With Quote
  #3  
Old 12-07-2012, 04:36 PM
fq fq is offline
Officially Welcomed to the 'Fest
Location: IL
 
Join Date: Nov 2003
Posts: 336
Mein Auto: 745Li
Run, don't walk from this deal. It does not look like they are sharing the benefits of the current bonuses out there.

Quote:
Originally Posted by Travel4Surf View Post
Looking at new 2013 535 lease for 24 months.


MSRP- $69,320
Invoice- $63,895

Sales price is at 66,000. -Looks like 2k over invoice...

Question- is the Sales Price $66,000 the number before the $3,250 or does it include it?



Many Thanks...
Reply With Quote
  #4  
Old 12-07-2012, 04:42 PM
Travel4Surf's Avatar
Travel4Surf Travel4Surf is offline
Officially Welcomed to the 'Fest
Location: Rio de Janeiro, Brasil
 
Join Date: Aug 2012
Posts: 223
Mein Auto: Everglades 243
Quote:
Originally Posted by fq View Post
Run, don't walk from this deal. It does not look like they are sharing the benefits of the current bonuses out there.

What do I do to make it better? -2k?
Reply With Quote
  #5  
Old 12-07-2012, 05:07 PM
whiteonredM6 whiteonredM6 is offline
Registered User
Location: Miami
 
Join Date: Jan 2008
Posts: 81
Mein Auto: 2013 M6 Coupe
Quote:
Originally Posted by Travel4Surf View Post
What do I do to make it better? -2k?
Which dealer are you buying from?
I can recommend someone at Pembroke Pines BMW.
I'm sure he can do much better than that.
$925 for acquisition fee is standard in South Florida...there is nothing you can do about it.
Reply With Quote
  #6  
Old 12-07-2012, 05:07 PM
DJHomie's Avatar
DJHomie DJHomie is offline
Officially Welcomed to the 'Fest
Location: Long Island, NY
 
Join Date: Nov 2012
Posts: 230
Mein Auto: 2013 535Xi M Sport
You want the selling price to be the most, $1,000 over invoice. Then you deduct the incentives.
So $63,895 + $1,000 = $64,895 - $3,250 = New Selling Price of $61,645.

Last edited by DJHomie; 12-07-2012 at 05:11 PM.
Reply With Quote
  #7  
Old 12-07-2012, 06:06 PM
Travel4Surf's Avatar
Travel4Surf Travel4Surf is offline
Officially Welcomed to the 'Fest
Location: Rio de Janeiro, Brasil
 
Join Date: Aug 2012
Posts: 223
Mein Auto: Everglades 243
Quote:
Originally Posted by DJHomie View Post
You want the selling price to be the most, $1,000 over invoice. Then you deduct the incentives.
So $63,895 + $1,000 = $64,895 - $3,250 = New Selling Price of $61,645.

So looking at my financial photo:

The adjusted cap cost should be=

$61,634 + $925 (SFL Acq fee) =62,559
Reply With Quote
  #8  
Old 12-07-2012, 06:12 PM
DJHomie's Avatar
DJHomie DJHomie is offline
Officially Welcomed to the 'Fest
Location: Long Island, NY
 
Join Date: Nov 2012
Posts: 230
Mein Auto: 2013 535Xi M Sport
yeah, basically...
Reply With Quote
  #9  
Old 12-07-2012, 06:16 PM
Travel4Surf's Avatar
Travel4Surf Travel4Surf is offline
Officially Welcomed to the 'Fest
Location: Rio de Janeiro, Brasil
 
Join Date: Aug 2012
Posts: 223
Mein Auto: Everglades 243
What does line '13" mean...

"What we Owes"


Is that TAX on the $3250 rebate?

Last edited by Travel4Surf; 12-07-2012 at 06:21 PM.
Reply With Quote
  #10  
Old 12-07-2012, 06:31 PM
letuz letuz is offline
Registered User
Location: Miami, FL
 
Join Date: Sep 2006
Posts: 63
Mein Auto: 2013 M3 ZCP
A little confused. How is he getting 73 percent residual?i thought that was the California number?
Reply With Quote
  #11  
Old 12-07-2012, 07:07 PM
chrischeung chrischeung is offline
Officially Welcomed to the 'Fest
Location: Dallas, TX
 
Join Date: Sep 2002
Posts: 7,447
Mein Auto: 2012 ActiveHybrid 7 SWB
Quote:
Originally Posted by Travel4Surf View Post
What does line '13" mean...

"What we Owes"


Is that TAX on the $3250 rebate?
You need to ask them what that $800 covers. You're paying $800 for something extra they owe you - like winter rims, underbody protection etc. It may be a mistake that was included from a previous quote if you don't have extras.

Anything that they can't logically explain should usually be $0, or counted as dealer profit. I'd be cautious if you can't reproduce the calculations to the $0.01 yourself using a lease calculator.
__________________
2012 ActiveHybrid 750i ED

3/12 ED 7 - thread ID 610350
1/11 ED 6 - thread ID 5767556&postcount=175
4/10 ED 5 - thread ID 453501
5/08 ED 4 - thread ID 290679
3/07 ED 3 - thread ID 201013
3/06 ED 2 - thread ID 136454

Last edited by chrischeung; 12-07-2012 at 07:12 PM.
Reply With Quote
  #12  
Old 12-07-2012, 10:26 PM
miamiboyca's Avatar
miamiboyca miamiboyca is offline
Officially Welcomed to the 'Fest
Location: Dallas, TX
 
Join Date: Jun 2012
Posts: 1,669
Mein Auto: F10 6MT
Quote:
Originally Posted by whiteonredM6 View Post
$925 for acquisition fee is standard in South Florida...there is nothing you can do about it.
Why? That's bull, go somewhere else. Everything is negotiable.
__________________
2013 535i Space Grey, Biege, M-SPort, Premium, Tech, Cold Weather, Luxury Seating, PDC, 6MT ED-10/11/2012 - PCD Redelivery-12/14/12
Reply With Quote
  #13  
Old 12-08-2012, 05:36 AM
nhman nhman is offline
Officially Welcomed to the 'Fest
Location: Northeast
 
Join Date: Jan 2005
Posts: 616
Mein Auto: 2013 M3 coupe ZCP DCT
Quote:
Originally Posted by Travel4Surf View Post
What do I do to make it better? -2k?
Honest opinion, work with one of the forum sponsors (Justin, John, Greg or Adrian). Take your pick. Couple it with PCD and go from car buying to an experience.
Reply With Quote
  #14  
Old 12-08-2012, 05:48 AM
ish's Avatar
ish ish is offline
Officially Welcomed to the 'Fest
Location: NJ
 
Join Date: Jan 2007
Posts: 458
Mein Auto: 328xi M, Range Rover, 911
Where's holiday cash?

I just got a 550 XI under invoice
__________________
"Ish...I have in the past mistaken you for a perverted chitbag...now I realize that I am not chitbag enough. You truly are a king among men.I am not worthy with such imagination."
Series 3 Guy - LRO Site

2013 550 xi Msport
2005 Range Rover HSE Grey/Grey
2009 MB C 300 4Matic
1997 Porsche 993 C4S Black/Black
2005 Jeep TJ
Reply With Quote
  #15  
Old 12-08-2012, 06:24 AM
Travel4Surf's Avatar
Travel4Surf Travel4Surf is offline
Officially Welcomed to the 'Fest
Location: Rio de Janeiro, Brasil
 
Join Date: Aug 2012
Posts: 223
Mein Auto: Everglades 243
Quote:
Originally Posted by nhman View Post
Honest opinion, work with one of the forum sponsors (Justin, John, Greg or Adrian). Take your pick. Couple it with PCD and go from car buying to an experience.
I will use them for my ED, but for this deal I am not in their local area .

Thus I would have my residual drop from 73% to only 64%...

Basically at 9% lower residual =$6,400+ increase in my 24mo lease. (250+ a month)

Last edited by Travel4Surf; 12-08-2012 at 06:35 AM.
Reply With Quote
  #16  
Old 12-08-2012, 09:59 AM
Red Lined Red Lined is offline
Officially Welcomed to the 'Fest
Location: USA
 
Join Date: Jan 2012
Posts: 164
Mein Auto: 528, CTS
OP,

I'm not in FL anymore because of med school, but my family has bought a few cars from Pembroke Pines and I would recommend at least giving them a shot before you sign. Who is the dealer on this contract...I'm guessing South or Vista or Braman (miami) by the utter crap they are trying to pull. Don't even go to the dealerships, just fax the general manager a copy of your numbers on the car and tell him you'll be in if they give you the numbers.

General steps:

1) Locate a car you want. Go to cars.com and search keyword "lauderdale" under the 535s. You can see every car they have then do a VIN check on options....there is a website to do this just can't remember the name of it (too much medical junk in my head right now).

2) Now use bmw config and get the invoice price. It will include the "training and service" fee and that is representative of the actual price.

3) Now add $900 onto the sum from #2. Subtract $2000 from that price. This is the cap cost. Your residual is 73% of the MSRP (not what you are paying) and your money factor is 0.00125. You won't get the acquisition fee down so $925 isn't too bad. Do you have a BMW currently? You can take another 750 off then...and the app credit should cover your first payment? Are you a BMW car club member?

***Very important. Do MSDs. That will lower your money factor to 0.00076.

4) Send these numbers to the sales managers at both Lauderdale locations (doesn't matter if the car is on the other lot, they'll swap with each other). Send it to Malcolm at Pembroke Pines if he is still there. *** Make it known to the dealers you are not a monthly payment customer; tell them you want the hard numbers and then you will talk monthly payments.

5) Check the lease payment on your own. Use lease guide or another online lease calculator and make sure the numbers are right.

Good luck. And if this works and you get a good deal, I am accepting charitable funds to cover my next semester tuition.
Reply With Quote
  #17  
Old 12-08-2012, 10:13 AM
Red Lined Red Lined is offline
Officially Welcomed to the 'Fest
Location: USA
 
Join Date: Jan 2012
Posts: 164
Mein Auto: 528, CTS
Also,

If this should be a good counter offer to the one you presented above.

MSRP: 69320
Selling price: 63895-2000 = 61,895 (double check the invoice on bmw config)
MF: 0.00125-.00049 = 0.00076

Down payment: 925 (aq. fee) + 900 (profit) + first + security (including the multiple security deposits)

***I don't know your leasing style, some people like to roll everything in.

Monthly with 6% tax: $589

You're looking at ~16k all in for 2 years. For comparison, your deal looks to be about 20k all in. Remember security deposits are refundable so I didn't add them into these figures.
Reply With Quote
  #18  
Old 12-08-2012, 10:52 AM
Orient330iNYC's Avatar
Orient330iNYC Orient330iNYC is offline
Flying monkey herder
Location: Wall St
 
Join Date: Jul 2002
Posts: 7,107
Mein Auto: Daihatsu Terrios
Quote:
Originally Posted by Red Lined View Post
OP,



1) Locate a car you want. Go to cars.com and search keyword "lauderdale" under the 535s. You can see every car they have then do a VIN check on options....there is a website to do this just can't remember the name of it (too much medical junk in my head right now).
www.bmwvin.com is the site that will list the build config based on vin.
__________________
Past: 2001 330i ZSP/ZPP/Step
Past: 2004 S60R 6MT Sport
Past: 2007 335i 6MT ZSP/ZCW/322/655
Past: 2010 335xi ZMP/ZCW/ZPP/PPK/PE
Present: 2013 335i 6MT ZMM/ZDH/ZTP/3AG/494/508
Current Homeland Threat Level:
Reply With Quote
  #19  
Old 12-11-2012, 05:31 PM
1985mb's Avatar
1985mb 1985mb is offline
N54
Location: Tri-state area
 
Join Date: Apr 2008
Posts: 3,413
Mein Auto: E60 535i M-sport
Quote:
Originally Posted by fzutel View Post
A little confused. How is he getting 73 percent residual?i thought that was the California number?
So this residual is available in certain markets outside LA/SoCal too. Interesting. Where else?

__________________
Current: E60 535i M-sport
Prev: E90 330i, E93 335i, W212 E350 Bluetec
Reply With Quote
  #20  
Old 12-11-2012, 06:02 PM
miamiboyca's Avatar
miamiboyca miamiboyca is offline
Officially Welcomed to the 'Fest
Location: Dallas, TX
 
Join Date: Jun 2012
Posts: 1,669
Mein Auto: F10 6MT
Quote:
Originally Posted by 1985mb View Post
So this residual is available in certain markets outside LA/SoCal too. Interesting. Where else?

I checked into this as a gift for my dad, tough to get $900 over invoice. Even from a sponsor.
__________________
2013 535i Space Grey, Biege, M-SPort, Premium, Tech, Cold Weather, Luxury Seating, PDC, 6MT ED-10/11/2012 - PCD Redelivery-12/14/12
Reply With Quote
  #21  
Old 12-11-2012, 06:34 PM
Travel4Surf's Avatar
Travel4Surf Travel4Surf is offline
Officially Welcomed to the 'Fest
Location: Rio de Janeiro, Brasil
 
Join Date: Aug 2012
Posts: 223
Mein Auto: Everglades 243
Let me see if I got this...(rounded)

$69,245 MSRP

$64,000 Invoice
$ 3,250 -Loyalty/App/holiday credit
-----------
$60,750
$ 1,000 - USAA (Do I get to subtract this from invoice) ???
-----------
$59,750 =Dealer true invoice?
$62,750 +Sales price
----------
$3,000 =Profit?

##
Ok, let's forget the dealer profit...
My net sales price from a dealer who doesn't have the special residual would have to be:

$62,750 current sales price at 71%
$ 6,000 discount from residual special
------------
$56,750. =Sales price need to = payments from the regular MF ?.


64% residual =$44,500
71% residual =$50,500 (Savings 6k)

Last edited by Travel4Surf; 12-12-2012 at 01:51 PM. Reason: Removed BMWFS AQC fee from sales price
Reply With Quote
  #22  
Old 12-12-2012, 01:59 PM
miamiboyca's Avatar
miamiboyca miamiboyca is offline
Officially Welcomed to the 'Fest
Location: Dallas, TX
 
Join Date: Jun 2012
Posts: 1,669
Mein Auto: F10 6MT
Quote:
Originally Posted by Travel4Surf View Post

##
Ok, let's forget the dealer profit...
My net sales price from a dealer who doesn't have the special residual would have to be:

$62,750 current sales price at 71%
$ 6,000 discount from residual special
------------
$56,750. =Sales price need to = payments from the regular MF ?.


64% residual =$44,500
71% residual =$50,500 (Savings 6k)
OK, you lost me here... Residual is based on MSRP, not on sales price.

71%=$49,164
64%=$44,317
__________________
2013 535i Space Grey, Biege, M-SPort, Premium, Tech, Cold Weather, Luxury Seating, PDC, 6MT ED-10/11/2012 - PCD Redelivery-12/14/12
Reply With Quote
  #23  
Old 12-12-2012, 02:09 PM
Travel4Surf's Avatar
Travel4Surf Travel4Surf is offline
Officially Welcomed to the 'Fest
Location: Rio de Janeiro, Brasil
 
Join Date: Aug 2012
Posts: 223
Mein Auto: Everglades 243
Those are based off the 69k msrp
Reply With Quote
  #24  
Old 12-12-2012, 04:03 PM
miamiboyca's Avatar
miamiboyca miamiboyca is offline
Officially Welcomed to the 'Fest
Location: Dallas, TX
 
Join Date: Jun 2012
Posts: 1,669
Mein Auto: F10 6MT
Quote:
Originally Posted by Travel4Surf View Post
Those are based off the 69k msrp
Sorry TSurf but your 71% number is off by over 1K.

$69,245 *.71 = 49,163.95 so lets round it to $49, 250 That is still $1250 difference. Big deal on a 24 month lease.

Close enough on the 64%, but sorry not on the 71%.
__________________
2013 535i Space Grey, Biege, M-SPort, Premium, Tech, Cold Weather, Luxury Seating, PDC, 6MT ED-10/11/2012 - PCD Redelivery-12/14/12
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 08:56 PM.


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