Quote:
Originally Posted by Nash73
Did you lease or finance?
I wanted to see your deal points if financed..
Thanks
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cash. typically.
lease. never. limited flexibility to trade out before term expiration. and i'm retired so no write off.
finance. very occasionally. and only when a finance transaction make sense that there is enough incentive money available through the captive financial service company that covers the interest expense.
the 740 x-drive deal i wrote includes $8,000 incentives before the dealer discount: $2,000 conquest incentive (coming from benzo) and $6,000 bmwfs incentive to finance. 5% rate. everything locked for 90d from the date of order. if the incentives sweeten before delivery, i get the benny; if they sour, i'm protected.
i didn't push for a lower rate because it's an immaterial factor in the overall deal as i'll pay off the loan after the brief waiting period so the dealer doesn't get bent over, and i'll be ahead of the game if i had just paid cash as i usually do due to the generous bmwfs incentive.