Someone please help me figure this out. This would be my first ever car. This is the quote that I'm getting, but the monthly payment is just not making sense to me since when I input it into a lease calculator I get a much different number. Any help would be extremely appreciated!
Price you were quoted: $40,475 (Through USAA)
Dealer Name/ Location: BMW of Macon, Macon GA
Year/Model: 2013 328i sedan
MSRP: $42,775
Invoice: $39,905
Options/Packages: Technology Package, Driver Assistance Package
Negotiated Price: $40,475 - $750 conquest credit - $1500 USAA Rebate ($2250 total rebate)
Other Pertinent Information:
-36 months at 10k a year residual is 65%
-Money factor buy rate 0.00127
-Acquisition fee at cost $725
-Doc fee $599
-Georgia Lease
So with $2750 down for a total of $3859, Payment is $386/month
I am very new to this so if someone could explain to me how he arrived at that number I would really appreciate it.
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