Question about Buy Rates
Hi All,
I'm working with my CA on a deal for a '10 X5 XDrive 30 and it has been really painless thus far. He's already agreed to $1000 over invoice including MACO/Training and confirmed that the $2500 Holiday Finance Incentive can be applied along with BMWFS favorable lease rates. I asked if I would be able to get the November .00225 rate at 57% residual on a 36 month lease...here's the reply:
57% is accurate. The .00225 is the super elite buy rate. You are probably super elite, but the usual rate is .00265. If not super elite it goes up from there
Does this sound right to you all? What FICO Score is required for Super Elite?
Thanks in advance!
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