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      05-01-2008, 02:40 AM   #1
REP1KRR
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Wells Fargo MF : .00165

Wells Fargo is offering a lease MF of 0.00165. Required 745 credit score.

Press your dealer a bit, specifically by bank name. I did, and ended up with an offer from them of .00170. I accepted.
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      05-01-2008, 07:19 AM   #2
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what was the resulting lease rate?
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      05-01-2008, 07:27 AM   #3
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Sorry, the cost of the lease per month for the car. My estimate from the dealer was $0 down and $1425 per month, I subsequently cancelled the car and I have been waiting for better lease rates
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      05-01-2008, 07:33 AM   #4
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residual?
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      05-01-2008, 02:17 PM   #5
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Calculate your own payment using the residuals %, down payment, MSRP, and actual purchase price. My calculation was spot-on to what the dealer offered me.

http://www.leaseguide.com/calc.htm

MF : .00165
(dealer may make a small mark-up. Mine marked up .00005 to .00170)

M3 Sedan
12K miles

Residual -
The small problem here is, based on my own as-built MSRP, he gave me residuals in $ amount, not %'s. To possibly establish %, I punched these residual $ figures into leasecompare.com (based on my own MSRP), and they populate %'s as the following - which is +/- 1% on the math of 'residuals -divided by- MSRP'. I suppose there some margin of error here, but should be only slight, and shouldn't have a very big effect.

36 : 54
48 : 43
60 : 36
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      05-01-2008, 04:29 PM   #6
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thats a pretty good deal with that money factor. i got a money factor of 00183 with a residual of 56% for 15k/36 mo.

now if june 30th would just hurry up and get here.
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      05-01-2008, 05:14 PM   #7
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Wow, looks like I may just hit up Wells Fargo (..whom I bank with anyways) as my credit score is well above what is required by them.
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      05-01-2008, 10:20 PM   #8
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is this on their website? or do you have to call them or what?

do you know if this is nationwide?

thanks!
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      05-02-2008, 09:10 PM   #9
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Quote:
Originally Posted by Revin9k View Post
is this on their website? or do you have to call them or what?

do you know if this is nationwide?

thanks!
No, MFs are rarely published anywhere - and you can't go directly thru the bank, only thru dealers. I was told by a lease broker who has done many deals for me in the past. He told me to press my dealer on it since he couldn't touch the .00165 rate with the banks he works thru. He sadly sent me away. He first found it in the lease rate system all dealers use to see bank rate offers.

So, I pressed my dealer on it, told him what I understood to be offered by WFB, and he said, yup, its true. He then marked it up .00005. No biggie - I was happy.

Nationwide, not sure. I'm in the Rocky Mountain region. Check with your dealer, as they are the ones that can offer it.
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      05-04-2008, 05:45 PM   #10
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.00165 is VERY competitive...& the residuals on the M3's are far lower than the actual values at the end of the term...remember Edmunds ranked the 06 M3 at 47.6% residual after 5 years.....not 34-35% BMW is quoting.....
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