Confirm 2011 M3 Convertible Money Factor?

[BMWFanboy]

I saw the September money factor for the 2011 M3 Convertible posted on ridewithg is .00090 but I have a dealer who insists it is 0.00130 and showed me a document from BMW stating that. The document had a lot of text too so I wonder if I am somehow being misled. Can someone confirm the September money factor for 2011 M3 convertibles?

Thanks.

[IS350]

Originally Posted by BMWFanboy

I saw the September money factor for the 2011 M3 Convertible posted on ridewithg is .00090 but I have a dealer who insists it is 0.00130 and showed me a document from BMW stating that. The document had a lot of text too so I wonder if I am somehow being misled. Can someone confirm the September money factor for 2011 M3 convertibles?

Thanks.

I don't readliy have the numbers, but ask them if they're giving you base rate? The numbers may be on roadfly.com
This is from July, and I don't believe the numbers have changed much if at all since then.
Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms. BMWFS acquisition fee is $725

http://forum.roadfly.com/threads/131...rams-July-2011

2011 BMW M3 Coupe Lease
24 Month – Residual 66% of MSRP – .00175 Base Rate
36 Month – Residual 59% of MSRP – .00175 Base Rate
48 Month – Residual 40% of MSRP – .00175 Base Rate
60 Month – Residual 34% of MSRP – .00175 Base Rate

2011 BMW M3 Sedan Lease
24 Month – Residual 67% of MSRP – .00175 Base Rate
36 Month – Residual 60% of MSRP – .00175 Base Rate
48 Month – Residual 40% of MSRP – .00175 Base Rate
60 Month – Residual 33% of MSRP – .00175 Base Rate

2011 BMW M3 Convertible Lease
24 Month – Residual 64% of MSRP – .00090 Base Rate
36 Month – Residual 58% of MSRP – .00090 Base Rate
48 Month – Residual 39% of MSRP – .00175 Base Rate
60 Month – Residual 31% of MSRP – .00175 Base Rate

[BMWFanboy]

As I said ridewithg.com has numbers posted for September and the convertible MF is listed as 0.00090. A dealer I went to insisted the MF was 0.00130 and showed me an actual document from BMWFS with a table of rates for different models. I recently realized that the 0.00130 is a 0.0004 markup (maximum allowable) from the 0.00090 I expected so maybe the document lists the maximum allowable marked up rate.

I was hoping either a dealer could confirm the MF for me or someone could confirm that there is such a document for BMWFS with the marked up rates listed.

[ilyabu]

Originally Posted by BMWFanboy

As I said ridewithg.com has numbers posted for September and the convertible MF is listed as 0.00090. A dealer I went to insisted the MF was 0.00130 and showed me an actual document from BMWFS with a table of rates for different models. I recently realized that the 0.00130 is a 0.0004 markup (maximum allowable) from the 0.00090 I expected so maybe the document lists the maximum allowable marked up rate.

I was hoping either a dealer could confirm the MF for me or someone could confirm that there is such a document for BMWFS with the marked up rates listed.

I just bought a 2011 E93 M3 convertible and got the actual BMW "buy rate" MF of 0.00090, which I then reduced down to 0.00041 with the 7 refundable security deposits that BMW FS lets you do with the "MSD" program.

Of the 4 dealers I spoke with, two tried to claim tha tthe MF was higher and that they didn't know about the MSD program, but both finally admitted they were trying to make money by marking up the MF when I told them I knew the BMW real rates.

In other words, find a different dealer.

[BMWFanboy]

Originally Posted by ilyabu

I just bought a 2011 E93 M3 convertible and got the actual BMW "buy rate" MF of 0.00090, which I then reduced down to 0.00041 with the 7 refundable security deposits that BMW FS lets you do with the "MSD" program.

Of the 4 dealers I spoke with, two tried to claim tha tthe MF was higher and that they didn't know about the MSD program, but both finally admitted they were trying to make money by marking up the MF when I told them I knew the BMW real rates.

In other words, find a different dealer.

Thanks, just wanted to confirm the rate and you did that. It was just weird because the communication from BMWFS he showed me said .00130 which is the marked up rate. I didn't think the doc from BMWFS would have the marked up rate but I guess it did.