[Mighty]

Hey Guys,

What kind of prices or deals did you guys get for your lease???
Just wanted to make sure I didnt get banged over the head...

For $620 a month / 3760 down (taxes,fees)

I ordered a 428 xDrive, 15K per year
-M Sport Pkg
-Tech Pkg
-Cold Weather
-Drive Assist pkg
-Dynamic Handling

 

[ImolaYellow]

That sounds about right for now...do you know your money factor? How many years? Are you putting down multiple security deposits to lower the money factor?


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[Mighty]

How can I figure that out?

 

[ImolaYellow]

How can I figure that out?

Your salesperson can provide that figure; the cost of borrowing on a lease. Analogous to APR on a finance. Often salespeople will increase the money factor to pad profit


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[Mighty]

Your salesperson can provide that figure; the cost of borrowing on a lease. Analogous to APR on a finance. Often salespeople will increase the money factor to pad profit


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Hmmm....
I know he gave me the car for 50,125... MSRP was 53,275

 

[ImolaYellow]

Hmmm....
I know he gave me the car for 50,125... MSRP was 53,275

Male sure you learn the money factor...your salesman can make all of that money back on the back end (the financing), effectively meaning that you paid list price. I'm not saying that he did, but he can. You need to know all the terms to know if you actually got a good deal.


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[428MTLP]

$440/month, $1,000 down
M-Sport Pack
Tech Pack
Lighting Pack

Perks of working for a dealer

 

[MPWR]

Male sure you learn the money factor...your salesman can make all of that money back on the back end (the financing), effectively meaning that you paid list price. I'm not saying that he did, but he can. You need to know all the terms to know if you actually got a good deal.


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Good tip, trying to negotiate it down to what ever you can is a good start. Some sales people will be more easy going than others.