[purpl3ish]

Originally Posted by 4DrSpra

Anyone have any insight if November incentives are better than October?

My car is due to arrive at the dealer in the next couple of days and I'm wondering if I should wait to take delivery

give it a few days..

if you did your app already i'm pretty sure you can just get the better rate

[plopez12808]

Current deal:
MSRP: $61,820
DAS: $1,300
$630 a month tax included

I sent this dealership an offer that I had and they came back with this. I asked for a breakdown of everything but they said they wouldn't send it because they don't want the deal shopped around. It seems a little too good to be true.

[tnsatbhs]

Originally Posted by plopez12808

Current deal:
MSRP: $61,820
DAS: $1,300
$630 a month tax included

I sent this dealership an offer that I had and they came back with this. I asked for a breakdown of everything but they said they wouldn't send it because they don't want the deal shopped around. It seems a little too good to be true.

How many miles per year?

[plopez12808]

Originally Posted by tnsatbhs

How many miles per year?

10k a year

New deal

MSRP $60,195
Selling price $53,500
Adjusted cap $51,709
$1300 DAS
$579 a month tax included

[wtwo3]

Originally Posted by plopez12808

10k a year

New deal

MSRP $60,195
Selling price $53,500
Adjusted cap $51,709
$1300 DAS
$579 a month tax included

Looks like a pretty good discount. Can you give additional details? Any incentives? Money Factor? etc.

I know you mention DAS is $1,300. Any thought to putting down some security deposits?

[jrs130]

Originally Posted by plopez12808

10k a year

New deal

MSRP $60,195
Selling price $53,500
Adjusted cap $51,709
$1300 DAS
$579 a month tax included

What dealer you go to - I went to like 5 dealers and best I could get was 5k off MSRP.

what MF too?

[plopez12808]

Originally Posted by wtwo3

Looks like a pretty good discount. Can you give additional details? Any incentives? Money Factor? etc.

I know you mention DAS is $1,300. Any thought to putting down some security deposits?

they gave me $3k worth of incentives. There has been some emails being sent to me from multiple dealers here in LA giving an additional $1k off if you buy or lease before Dec 31. MF is at .00128.

I know someone mentioned the security deposits down, but I'm still not 100% clear on how they work on the advantage it would give me.

[jrs130]

Originally Posted by plopez12808

I know someone mentioned the security deposits down, but I'm still not 100% clear on how they work on the advantage it would give me.

Essentially it lowers your interest rate on the loan (in lease terms it's the MF). lower interest rate = lower payment. You get your deposit back at when you turn in the car

[wtwo3]

Originally Posted by plopez12808

they gave me $3k worth of incentives. There has been some emails being sent to me from multiple dealers here in LA giving an additional $1k off if you buy or lease before Dec 31. MF is at .00128.

I know someone mentioned the security deposits down, but I'm still not 100% clear on how they work on the advantage it would give me.

So does that selling price of $53,500 include the $3k in incentives? Because if so, then all of a sudden it's not so great of a deal. You should aim for 8-12% off BEFORE incentives.

As for security deposits, they help reduce the money factor, so you pay less in interest over the life of your lease. So if for example, you placed the maximum # of security deposits down, your money factor would go from 0.00128 down to 0.00093.

Security deposits are 100% refundable (unless you default on your payments). Think of it as a guaranteed, no-risk rate of return on investment in the form of lower lease payments. Technically if you took that amount and invested it in a good mutual fund, you COULD potentially make more, but security deposits are 0 risk.

[sunboss]

Planning to go for BMW 330i with Premium and Executive packages, First time leasing a car. Dealers have something in inventory(Other than Med Blue) with my options but I'm looking for Med Blue. If i order can i negotiate the price with the dealer?

[plopez12808]

Originally Posted by wtwo3

So does that selling price of $53,500 include the $3k in incentives? Because if so, then all of a sudden it's not so great of a deal. You should aim for 8-12% off BEFORE incentives.

As for security deposits, they help reduce the money factor, so you pay less in interest over the life of your lease. So if for example, you placed the maximum # of security deposits down, your money factor would go from 0.00128 down to 0.00093.

Security deposits are 100% refundable (unless you default on your payments). Think of it as a guaranteed, no-risk rate of return on investment in the form of lower lease payments. Technically if you took that amount and invested it in a good mutual fund, you COULD potentially make more, but security deposits are 0 risk.

Selling price is before rebates so 11.1% off MSRP to start.

So if I placed the max amount of security deposits down then would it eliminate my DAS? Also what is the max amount allowed?

[wtwo3]

Originally Posted by plopez12808

Selling price is before rebates so 11.1% off MSRP to start.

So if I placed the max amount of security deposits down then would it eliminate my DAS? Also what is the max amount allowed?

Awesome, so in that case it's a great discount.

DAS should only be first month's payment, any security deposits you put down, and any applicable dealer/govt fees. Typically it doesn't make much financial sense to put money down to reduce the cap cost.

As for security deposits, BMW allows for a maximum of 7. The way they're calculated is by taking your final monthly payment, rounding up to the nearest 100, and then multiplying that number by 7.

So if your monthly payment for example was $560 with max security deposits, then the total amount of security deposits would be (Round(560) = 600) * 7 = $4,200. So your DAS would be first month's payment $560 + max security deposits ($4,200) + applicable fees. However since you get that $4,200 back at the end of the lease, you can think of it as a no risk investment.

[bavarianboar]

I hear OL codes extending to dec 31, any accuracy in that? Mine expires tomorrow and I m not decide on what I will get

[Prof3ssor]

340xi
36/12k
MSRP: $60,985
Negotiated Price: $54,276
DAS: $2,578(1st month, dealer/gov fees)
Monthly: $615 (decided to roll my taxes (NJ) into payment)

[sunboss]

Did anyone got November incentives?

[CRtoE92]

Originally Posted by bavarianboar

I hear OL codes extending to dec 31, any accuracy in that? Mine expires tomorrow and I m not decide on what I will get

Really? Where did you hear that its extending?

[plopez12808]

Originally Posted by bavarianboar

I hear OL codes extending to dec 31, any accuracy in that? Mine expires tomorrow and I m not decide on what I will get

What are OL codes?

[Jason]

Updated with November 2019 rates.

[Gdiddy23]

What is MF at?

[gofast182]

Another request for Nov. MF.

[wtwo3]

Guys you can check Edmunds forums for info like money factors. Looks like for November they're unchanged from last month at 0.00128.

https://forums.edmunds.com/discussio...and-prices/p15

[NTOwens]

Originally Posted by CRtoE92

Really? Where did you hear that its extending?

Yeah... I'd be curious too, for info regarding any extensions on the OL Code.