Quote:
Originally Posted by dtronics
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? |
Are you sure the total rebates in March were only $2,000 for the M50i? Doesn't sound right. I picked up my sDrive40i in March and used the March program, and my total rebate with loyalty was $2,250. I'm pretty sure at the time the M50i was the same or more than the sDrive40i (I recall $2,750). That could be what's making the March program better to use vs. June.
Assuming it was actually $2,750 total rebates, that's $250 more in rebates than this month + 1% higher residual ($910 based on your MSRP), giving you about $1,160 more towards your deal. That would then offset the 0.00024 MF difference and net you a slightly better deal by using the March program (a few dollars by my math). I'm not counting the USAA rebate in either scenario.