02-24-2020, 12:40 PM | #397 |
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thats what I'm thinking, but I wonder if I can sell it to BMW dealer since I am not familiar with selling a vehicle with a loan lien on it.
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02-24-2020, 01:19 PM | #398 |
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Then how do you know your car is worth 19k? Did some other dealer value it for you?
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02-24-2020, 02:26 PM | #399 |
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02-24-2020, 02:33 PM | #400 |
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Ah ok. You can take the car to BMW and ask them to value it. If they give you the price you want, they’ll pay off the loan on that car and then either give you the rest of the cash or you have the option to put it down to finance a new car or use as MSD on a new lease. At least, that’s what the dealer here told me when I was in a similar situation.
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02-25-2020, 05:25 PM | #402 |
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What discount are they giving you? Are you using the trade in equity towards MSD?
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02-25-2020, 05:32 PM | #403 |
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I am not sure. I have not seen the sheet. My salesperson said it's between 10.5-11% before incentives but I can't get a handle on it with the trade in equity, which I believe is going towards capital. I have to produce the $4,200 at drive-off. Which I don't mind since I'm getting it back...
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02-25-2020, 05:49 PM | #404 | |
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What we'll need to know is: What discount are you getting before incentives? What incentives do you qualify for? What money factor are they quoting you? Are you putting any money down towards cap cost reduction? I have a hunch the dealer is using your trade-in as cap cost reduction, because the monthly payment is quite low. I would suggest instead using that trade-in towards the MSD's.
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02-25-2020, 05:55 PM | #405 | |
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03-03-2020, 12:39 PM | #407 |
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For rebates, you can check the BMW USA website. They’ll mention rebates available for both finance and lease.
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03-04-2020, 01:07 PM | #408 |
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Updated with March program rates -- no changes.
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03-05-2020, 12:33 AM | #409 |
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03-25-2020, 03:34 PM | #412 |
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Got the following quote today from a dealer on a 2020 M340i (new, in-stock vehicle):
MSRP: $63,500 Selling Price: $55,400 (12.75% off MSRP) BEFORE incentives Residual: 61% (36/10 lease) Incentives: $3,000 ($2,000 loyalty + $1,000 lease) MF: 0.00182 (inflated from 0.00142; I'm trying to get the base MF) DAS: $3,300 Payment: $577 (including 9.5% tax) Note: If I get the base MF, the payment drops to $540. Thoughts on deal?
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03-26-2020, 02:23 PM | #413 | |
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No down payment? |
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03-26-2020, 02:25 PM | #414 | ||
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03-26-2020, 03:30 PM | #415 | |||
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03-26-2020, 03:32 PM | #416 | ||||
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Current BMWs - '21 M550i Bernina Grey/Black Nappa, '20 X5 sDrive40i xLine Alpine White/Coffee Extended Merino
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03-26-2020, 04:17 PM | #417 | |||||
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03-26-2020, 04:23 PM | #418 | ||||||
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Current BMWs - '21 M550i Bernina Grey/Black Nappa, '20 X5 sDrive40i xLine Alpine White/Coffee Extended Merino
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