Quote:
Originally Posted by markus2310
Quote:
Originally Posted by Belugs
If you don't have the adjusted cap cos and other lease details on an itemized quote then just assume you are most likely taking a deal with some hidden fees.
Attached is just an example of what my own math looked like (not actual values) when I went to negotiate the lease deal on my custom ordered M550i 3 years ago. As u can see, I had to know the adjusted cap cost, money factor, residual value etc to make sure I was getting a fair deal. Ask yourself how do you know u are getting a fair deal. They can mark up one of those variables without u knowing and even if they say u r getting a 20k discount you could be paying more.
I would ask them for a break down on how they got to the $1500 price for the M8. Or maybe this is just me and the way I operate ����
Don't get me wrong...not saying $1599 is not a good deal for an M8...it is actually...just saying u need to know details of the deal prior to accepting.
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Thank you for your feedback, I'm attaching the calculation that I had gotten from them. The monthly rate should include CA tax and ext. warranty (which I will take off, if that deal happens).
I'm not sure which costs they could be hiding, but I will ask them to provide the other details.
I would really like to take it at this point, but I am also really not willing to take any hits on my M4. I have 5 lease payments left, June 13 I should be in the pull ahead zone with 3 payments left. I think a bit of customer appreciation after 9 years would be great on BMW's end, until I saw a friend's M8 I was already headed towards Porsche, looking at the Carrera S and waiting for the new 911 GTS to be released this summer, if they are so unwilling to meet me on a pristine lease return a bit earlier I might just still end up there ... |
Your adjusted cap cost is the $129,332 on the quote. Doing quick math with that cap cost, current money factor and residual value rates for 7500miles/30 months and CA sales tax rates I'm getting around $1,800 in monthly payments so the $1599 offer is a really good deal.
Keep in mind that the down payment of $5000 if paid over 30 months is an extra $166 in monthly payments. So basically the offer is $1,765/month. Still a fair deal...that is excluding the M4. Doesn't look like they are rolling the M4 into the deal. It does seem like they r eating the cost of the M4. You should verify with them. Either way I think it's a good deal.
Hope this helps with your decision.