11-29-2019, 11:54 AM | #1 |
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Is this a good deal or am I being taken for a ride?
View post on imgur.com 2020 X5 40i xDrive MSRP: $85,745 on a custom build (Final price 80,249) discount: $6394 incl 1250 loyalty 4000 cash down; 10,000 miles/year for 36 months at MF of 0.00148 and a residual of 58% monthly payments: 1072.59 So the total discount is nowhere close to 10% but they are claiming they are already making no money on the build, and they cant offer us anything close to the mininum MF of 0.00128. Our credit is excellent, idk why I cant get a MF close to 0.00128 or am I being unreasonable for thinking I should get that? Is this a good and reasonable deal, I feel like its not? Last edited by thereef510; 11-29-2019 at 02:02 PM.. |
11-29-2019, 12:37 PM | #2 |
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You are getting a 5.99% off MSRP not including loyalty which is not a very good deal and as a bonus they are marking up your MF. I did not do the Math for the rest but keep on shopping around would be my advice.
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11-29-2019, 12:43 PM | #3 |
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Here's you numbers plugged into a lease calc:
thereef510 Leasehackr.com/Calculator 1. What is not clear is the year and model of the X5 you're inquiring on. Is it on the dealer lot or custom order? 2. Find out what your incentives are in your zip code - https://www.bmwusa.com/special-offer...hicle=seriesX5 Example for Knoxville, TN 37901 - There's a $1K lease credit for M50i and $750 conquest 3. You're getting 7.5% discount - you should be able to negotiate more 4. You're getting MF rate is marked up - adding to approx $26/mo 5. Do not put $4K down on your lease - put it towards 7 MSD which you're only able to calc until you arrive at a purchase price you feel you're getting a deal on. 6. While forum members can assist you in evaluating your lease, you need to do more leg work. Here's an example 2020 BMW X5 xDrive40i M Sport lease structure that sent out to various dealers: MSRP - $79820 + $700 BMW UC+ Discount - $7982 (10%) Agreed upon value of vehicle: $72538 Residual value: 57% 36mo/12K MF: 0.00128 Incentives BMW Loyalty: $1250 USAA: $500 Total untaxed incentives: $1750 Taxes & Fees Acquisition: $925 Dealer fees: $300 Gov fees, title, tags: $152.50 VA sales tax (4.15%): 2,938 Post sales rebates: $1000 BMWCCA Drive off: $4258 First month: $868 Down payment: $0 Upfront fees: $452.50 Upfront taxes: $2938 Monthly payment: $868 Note: If I elected to do ZERO-DRIVE OFF, monthly payments would be $991/mo Auricom 2020 X5 lease structure
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Current BMWs - '20 X5 xDrive40i M Sport, '20 BMW M550i | Past BMWs - '03 E39 540iT M Sport, '06 E53 4.8is, '11 E70 M Sport LCI
Last edited by Auricom; 11-29-2019 at 01:51 PM.. |
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11-29-2019, 12:58 PM | #4 | |
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2. my local offer is a $750 lease credit. This is not the local dealership. Our local dealership's deal is worse than this and the manager doesn't want to move off it, nor do they have an allocation for a custom order anyway. This is a dealership in Florida that I spoke with. 3. I tried to negotiate more, but the SA said that they mark it up 6% on custom orders, and she's giving us that whole 6%, and the loyalty incentive on top of it, and that's all she's willing to do right now. I know others have gotten like 10% before incentives here but idk what you say when they say no this is the best we can do or else we're gonna lose money. 5. I did ask about the MSD, she said she was reluctant to say whether or not their finance depart would do that for us. it seemed she didnt even know what it was about, or how it worked. I want to do MSD with whoever we do business with. I honestly didn't think it would be so hard to get a fair deal on this car given its the end of the year and stuff. But thank you for your help and advice. EDIT: residual they offered is 58% |
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11-29-2019, 01:39 PM | #5 | |
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2. You should work with a volume dealer in Northern VA/MD and schedule a PDC 3. Pure dealer alternative facts, see 2 Just don't rely on dealers to come forward with large discount off the bat. It takes individual work to get a good deal and more to get an exceptional deal.
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Current BMWs - '20 X5 xDrive40i M Sport, '20 BMW M550i | Past BMWs - '03 E39 540iT M Sport, '06 E53 4.8is, '11 E70 M Sport LCI
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11-29-2019, 02:01 PM | #6 | |
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i'm so sorry about not being clear, we are building this: a x5 40i xDrive this is my build code: E2DNNE7W |
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