Quote:
Originally Posted by mantis
some gave me 0.00175 MF, and some gave "interest" of 7% (i think you divide by 2400 to get the MF - around 0.0030). They refused to give quote since lenders didnt give out residuals for M3, but i had some of them run me numbers for 335 and they came out 70-100 bucks cheaper than BMW, altho residual is at 44% instead of 60% of BMWFS.
this is very strange! how can they get cheaper payments (all other parameters fixed, term length/miles)
There's this one company that said it's tough to compete against BMW's "inflated" residuals. my hopes for M3 are getting smaller 
How can they compete if they have lower residuals???
so far i have tried siglease (signature lease), leasecompare, and 2 banks one of them is Texas Credit Union.
Next im going to try my company's credit union. maybe they can offer me something |
You multiply the money factor by 2400; not divide.