- #51 of 287
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Re: A few things.. [kyfdx]
by qbrozen
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Aug 02, 2006 (5:44 am)
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Replying to: kyfdx (Aug 01, 2006 3:21 pm)
Well, at least I knew it was wrong. 
where do you come up with $970 fees, though? I'm missing $50 somewhere.
Your total fees listed here are:
$35 doc fee
$400 security deposit
$124.25 license fee
*********
$559.25 total
$362.98 first month
*********
$922.23
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- #52 of 287
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Re: A few things.. [qbrozen]
by kyfdx HOST
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Aug 02, 2006 (3:30 pm)
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Replying to: qbrozen (Aug 02, 2006 5:44 am)
From memory... I'm too lazy to go back...
Tax on the Cap Cost reduction... Somewhere around $50..
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- #53 of 287
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Re: A few things.. [kyfdx]
by qbrozen
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Aug 03, 2006 (5:23 am)
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Replying to: kyfdx (Aug 02, 2006 3:30 pm)
ok.. yeah, its like $48. I just couldn't figure out what exactly that charge was (probably has to do with the fact that they list tax 3 separate times ... only aiding confusion).
Of course ... after all this ... it doesn't seem like our poster has come back to respond. I hate when that happens.
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- #54 of 287
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Re: A few things.. [qbrozen]
by mynewmini
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Aug 03, 2006 (7:25 am)
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Replying to: qbrozen (Aug 03, 2006 5:23 am)
Sorry to not respond sooner. I really appreciate your analysis! I've been taking it all in and trying to figure out how to negotiate this. I'm going to call the salesman this morning and point out that the price is $450 over MSRP, that $200 was tacked onto the acquisition fee and that the money factor could be better and ask him to come up with a better offer -- given that I could pay only about $80 a month more on a 60 month loan and actually own something, the lease payment should be less. If he doesn't come up with a substantially better lease offer, I'll buy it instead. Thanks again and I'll keep you posted.
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- #55 of 287
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Re: A few things.. [mynewmini]
by qbrozen
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Aug 03, 2006 (7:26 am)
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Replying to: mynewmini (Aug 03, 2006 7:25 am)
good. excellent. Thanks for the update.
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- #56 of 287
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Re: A few things.. [qbrozen]
by mynewmini
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Aug 04, 2006 (6:49 am)
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Replying to: qbrozen (Aug 03, 2006 7:26 am)
Well, the dealer was upfront about marking up the MSRP by $395 and the acquisition fee by $200 and would not reduce either. They did take off the security deposit ($400); not a real victory since I'd get it back anyway! In any event, the best they'd give me on a lease was $350/mo, 15,000 miles/year for 36 mos. Since it was only $100 more a month on a 60 month loan at 6.5%, I bought it (I could have gotten 6.35% interest rate through Capital One, but the difference was only a couple of dollars a month, so I went through BMW for convienience).
I SO excited to have the car finally (had to wait 5 months for it)!! She's beautiful and zippy!
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- #57 of 287
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Re: A few things.. [mynewmini]
by qbrozen
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Aug 04, 2006 (6:53 am)
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Replying to: mynewmini (Aug 04, 2006 6:49 am)
Congrats on the purchase.
So did they still mark up the MSRP by $400 on the purchase? At least you didn't have to pay the acquisition fee this way.
Enjoy.
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- #58 of 287
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Re: A few things.. [mynewmini]
by kyfdx HOST
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Aug 04, 2006 (8:53 am)
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Replying to: mynewmini (Aug 04, 2006 6:49 am)
I think you made a good choice... MINI is one vehicle that might actually have better re-sale than the residual would suggest...
If that turns out to be the case, you might end up even farther ahead..
Congrats on the new car!!
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- #59 of 287
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Re: A few things.. [kyfdx]
by mynewmini
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Aug 04, 2006 (1:18 pm)
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Replying to: kyfdx (Aug 04, 2006 8:53 am)
Yes, they did still mark up the price by $400. Kind of a drag, but I was glad not to also pay the (marked up) acq fee. Certainly, if the demand remains at all the same, the resale value will be better than the residual.
Thanks again for all your guidance.
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- #60 of 287
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money factor san francisco area
by tonkadu
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Aug 24, 2006 (6:05 pm)
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Replying to: mynewmini (Aug 04, 2006 1:18 pm)
anyone know what a proper bmw financial services money factor should be in this area? i have been quoted .004 by mini san francisco, which seems very high. any help would be greatly appreciated.
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