Quote:
Originally Posted by darrena
After we ordered my car my wife wants one and this is what the dealer is giving me for a lease:
Dealer Name/ Location: Century BMW, South Carolina
Year/Model: 2013 328i
MSRP: $ 47,825
Invoice: $44,800
Options/Packages: Technology Package, Premium, Drivers Assist, Heated Seats
Cash Down: $1500 (They say this covers the fees) + $5000 trade in
Negotiated Price: $44,800
*Money Factor: 0.00157 **I don't like this and plan on arguing it should be .00127
*Lease term/Miles: 12,000/36 months
*Lease Payment: $379
This was done via email but I am not exactly happy with this so far. Please tell me if I am incorrect:
1) The fees seem too high, shouldn't they just be the $725+Doc fee (325)+ First month? They may have been rounding here though
2) We have perfect credit and the difference between .00157 and .00127 seems to be like $20 a month so I don't think I should accept anything other than .00127. Am I being too stubborn?
I plan on going by tomorrow to discuss with them so any feedback is greatly appreciated.
Thanks!
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Don't take anything higher than 0.00127. You can find plenty of dealers who will give you 0.00127 for that price. Doc fee is also a little high ($199).
Are you using that 5000 trade-in for cap cost reduction aka down payment? If yes, dont do it. Don't put anything DOWN, instead put that money towards 7 multiple security deposits.