Lease question
03-10-2008, 06:20 PM
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So I am using an internet lease calculator with the following numbers.
2008 535i
MSRP-$62500
Negotiated price-$58500...about $1500 above invoice
I will pay first payment and license upfront
36 months, 12k per year
MF is .0019 but I will be doing the max deposits bringing the MF to .00181
60% residual
This shows a payment with 8.6% tax of $752
After spending most of the day with my Sales Manager...we are not even close....he was waay over $900 per month...besides his profit margin....What am I missing here?
Any ideas?
2008 535i
MSRP-$62500
Negotiated price-$58500...about $1500 above invoice
I will pay first payment and license upfront
36 months, 12k per year
MF is .0019 but I will be doing the max deposits bringing the MF to .00181
60% residual
This shows a payment with 8.6% tax of $752
After spending most of the day with my Sales Manager...we are not even close....he was waay over $900 per month...besides his profit margin....What am I missing here?
Any ideas?
03-11-2008, 09:13 PM
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My Ride: 2007 BMW 550, Sport, Navi, PS, CWP, Sirius
Originally Posted by Medicaptain' post='542657' date='Mar 10 2008, 09:20 PM
So I am using an internet lease calculator with the following numbers.
2008 535i
MSRP-$62500
Negotiated price-$58500...about $1500 above invoice
I will pay first payment and license upfront
36 months, 12k per year
MF is .0019 but I will be doing the max deposits bringing the MF to .00181
60% residual
This shows a payment with 8.6% tax of $752
After spending most of the day with my Sales Manager...we are not even close....he was waay over $900 per month...besides his profit margin....What am I missing here?
Any ideas?
2008 535i
MSRP-$62500
Negotiated price-$58500...about $1500 above invoice
I will pay first payment and license upfront
36 months, 12k per year
MF is .0019 but I will be doing the max deposits bringing the MF to .00181
60% residual
This shows a payment with 8.6% tax of $752
After spending most of the day with my Sales Manager...we are not even close....he was waay over $900 per month...besides his profit margin....What am I missing here?
Any ideas?
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