Hello,
Ok this is what I was offered today via email, I still think there is room to work here but right now this is what they offered. Some of their fees I think are high and when I estimate the payment their quoted payment seems high.
2013 BMW 550i
Titanium Silver Metallic
Black Dakota Leather
Driver Assistance
Executive Package
M Sport
Luxury Seating
Sport Automatic Transmission
Power Rear Sunshade
Heated Seats
$74,770 MSRP
$69,350 Dealer Invoice (includes MACO and Training fees of $580)
Offered the car to me at $500 over invoice. So car cost $69,850. There is ceramic tint already on the car but that was not priced out in the invoice and not clear in the fees if that was added in somewhere.
Residual: 62%
Lease Factor: .0013
36 Months, 12K Per Year
City Sales Tax: 8.95%
Fees They Describe
Acquisition Fee: $925
Cash: $1000 (What is this - a cap reduction??)
Government Fees: $1070.07 (Title)
Doc Fee: $489
Total Initial Payment is $2500. I am assuming they took the $1500 lease cash and applied it to the drive off fees. Is that normal or should that come off the negotiated price of the car?
Their payment estimate was $919.85. My payment estimate is $875.57 and according to the lease calculator mine seems to be right. It appears their sales tax estimate is about $300 over what I calculated but that cannot be the ~$50 per month difference.
Thoughts on this deal?
|