Quote:
Originally Posted by bluzbra
Lease credit for a 2020 M50i for June is $1,500 and loyalty is $1,000 (total of $2,500).
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I ordered a vehicle in March that’s finally here and I’m getting ready to pick it up. Here’s the deal I had in March:
M50i
$91,745 MSRP
$10,517 Discount
57% Residual
.00107 MF (was .00142, MSD’s)
$2,000 Rebates
$967.62 Monthly + Tax
I was told by the dealer that for June the “MF did change, but the residual dropped by 1%, as well as the loyalty incentive by $250. I did the math, and your old MF, residual, and incentive actually nets $150 better than the new programs”.
I ran the numbers with the June programs using a 56% residual, .00118MF and added the MSD's taking it to .00083. I included the rebates you pointed out, the lease credit for a 2020 M50i for June is $1,500 and loyalty is $1,000 (total of $2,500). I'm eligible for $500 from USAA so that brings the rebates to $3K.
I'm not sure if I'm making a mistake but it looks like the June program is better for this deal. Am I missing something here?