Quote:
Originally Posted by hextall14
yeah the dealer said the 2015s were high at the moment to help move inventory. The base rate for 2016s was 57% then +3% for 10k.
That seems crappy to me. I'll wait until Sept 1 to see what next months rates look like.
In your model, you have a 1750 cap reduction...was that intentional or to accommodate for 1st month and fees etc?
They also marked up the MF a bit to .00175 in their quote. .00160 is the ED base as you mentioned.
Thanks
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The 1750 is drive off. 1st month payment + fees and tax. I estimated it would be about this. Depends what the actual doc and licence fees are.
If they are marking up MF I would expect a major reduction in the bank fee. I used the standard 925. If you're going through BMWFS then I wouldn't agree to any markup. Something doesn't sound right with the residual and money factor they're giving you. I’d be checking other dealers.