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      04-25-2008, 11:58 AM   #1
SpencerM3
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Money Factor & Residual Question

What's up guys? I am not ordering my car until August (Lease on current S4 is up in November), but I went into my dealer yesterday to test drive a 6MT (AWESOME) he gave me the following numbers as current MF and Residual...

They sound REALLY $HITTY

Residual: 55%
MF: .00375

What are you guys seeing?
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      04-25-2008, 01:19 PM   #2
dangoma
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There are several posts about this already.
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      04-25-2008, 01:31 PM   #3
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MF is very high...I believe the base is around .00260
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      04-25-2008, 01:48 PM   #4
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Holy cow. A .00375 MF is equal to 9% interest. You can get a better rate than that from a loan shark on the street.

The Apr 08 base MF from BMWFS is .00258 (or 6.19%). Still not great, but .00375 includes a serious dealer markup.
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      04-25-2008, 04:24 PM   #5
SpencerM3
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Quote:
Originally Posted by Bama M3 View Post
Holy cow. A .00375 MF is equal to 9% interest. You can get a better rate than that from a loan shark on the street.

The Apr 08 base MF from BMWFS is .00258 (or 6.19%). Still not great, but .00375 includes a serious dealer markup.
Agree, isn't that INSANE!

Thing is I get to write off about 80% of my lease since I am on a 1099, so leaseing makes the most sense for me.
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      07-10-2008, 04:26 PM   #6
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Quote:
Originally Posted by SpencerM3 View Post
Agree, isn't that INSANE!

Thing is I get to write off about 80% of my lease since I am on a 1099, so leaseing makes the most sense for me.

How does that work? 1099 means you work as a contactor/consultant/independent right?
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