Quote:
Originally Posted by VirtualMayhem
On the DMV front unfortunately their number is correct. In AZ your years tags are based on the cost/value of the vehicle so for cars in this realm $1000 for tags is the reality. I felt their Doc and Acquisition fees were also high. Your payment is exactly what calculated so something is wrong with their numbers I ended up at $875.57. I was wondering if they were using .0017MF and that would be $926.21 which is close to their payment amount. I have a complete screen shot of their numbers so that is in hand already.
Can you explain the math behind the 7 MSD's? So the security deposit is the first month's payment and in this case you are doing 7X that deposit how are you arriving at that new payment? I definitely have the cash for MSD's. That payment reduction would be awesome  I assume you are applying the $1500 cash against the car purchase price - this dealer seems to think you apply that to the acquisition fees.
I sent a note to Jon and didn't get a response, I will reach out to Greg and see what he comes up with. |
hi!
the $1500 lease incentive as per my knowledge, you take it off of your negociated purchase price. if i am wrong, someone please correct me. And as per 7MSD, your MF will drop .00007 for each security deposit you put down.
0.0013
-0.00007
-0.00007
-0.00007
-0.00007
-0.00007
-0.00007
-0.00007
0.00081 Final MF.
security deposit is determined by your final monthly payment. So for instance your monthly payment is say $875, one security deposit is $900 (rounded to next $50). If you apply MSD and your payment say becomes $800, than the new amount of security is $800 for each. I am really not good at explaning this, but if you visit bimmerfest, there is a 20+ pages tread on it. I would strongly suggest, you read up on it. I did and it really helped me out while i was negociating. You don't have to put 7MSD, but the limit is 7. You can put 3, 4 or 6 anything you like and are comfortable with. Thanx!