12-13-2019, 01:57 PM | #617 | |
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Residiual depends on your annual mileage: 7.5K miles = 59% 10K = 58% 12K = 57% 15K = 55% Without MSDs, they will not lower it. You can call yourself lucky if they don't increase it - LOL!
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12-15-2019, 01:14 PM | #618 |
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For a leftover 2019 40i, what discount is the top end I should shoot for? 81k msrp. New car.
Is 15 percent off unrealistic? This would include loyalty and hoping to get base MF. I would also open a penfed account and get an additional 500 (stacks with loyalty), and apply for CCA rebate. Lastly, does BMW have a pull ahead program like MB does? I have 4 more months on my x5 lease left . Thanks ! |
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12-15-2019, 01:34 PM | #619 |
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Have you tried checking with leasing companies? I am in NYC too and I got two quotes that were much better than any NY / NJ dealer.
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12-15-2019, 02:03 PM | #620 |
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AFAIK, BMW is not doing that at the moment.
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12-15-2019, 03:46 PM | #621 |
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Do you get more off MSRP when leasing instead of buying? Seems like 5-6% off MSRP is normal with 8% being really good from my dealer contacting--this is all for buying one on the lot.
How does a dealer trade work where they get a car from another lot? Do they have less room to make a good deal on these or is it no different from one on the lot if the customer pays transport? Last edited by robininni; 12-16-2019 at 02:59 PM.. |
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12-16-2019, 09:16 PM | #623 |
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I'm looking to pick up a X7 for my wife
My Local dealer has a 2019 X50i with M sport Msrp 101,795 Here is what they are quoting 3k drive off including first month 1200 a month tax included 36 months 10k miles per year Los Angeles 9.5 % tax Seems a little high doesn't it
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12-16-2019, 10:05 PM | #624 | |
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As comparison, I also have a $3k drive off incl. first month. Although I only have 7.5k miles per year and 7% tax, I also got a wheel & tire insurance. My payment is below $1,500/month and that's at an MSRP of $123,525. You are pretty much getting the same deal for a 2019 off the lot compared to my 2020 custom order. If I were you, I'd be aiming for no more than $1,100/month.
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12-16-2019, 10:44 PM | #625 |
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Alright everyone, been doing a lot of work and finally got the deal I want on a 2020 M50.
*10% off MSRP *$1000 lease rebate *$1000 BMW CCA rebate *Base MF I live in AZ and looked all over the US. Most dealers thought I was nuts, but finally found some that would do it and my dealer here after a week of back and forth finally called me and said "you win" and matched my deal I found out of state. Found a dealer in the West, Midwest and Fl that would do this deal. Happy to pass along the names if anyone is interested. In my search, I also found a few dealers who had some nice 2019 5.0 demos that were discounted heavily in range of 14% before incentives. |
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12-17-2019, 12:07 PM | #626 | |
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12-17-2019, 01:27 PM | #627 | |
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12-17-2019, 01:29 PM | #628 |
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I have a Pentagon Federal Credit Union account, and am not familiar with any rebate with them. You have details? I'm thinking USAA might be bigger though.
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12-17-2019, 06:43 PM | #629 | |
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Hi wild blue. See attached link. Seems like it's 500 off for lease stacks With loyalty. Excludes i3 https://forum.leasehackr.com/t/penfed-benefits-up-to-2000-bmw-volvo-mb-fca-mini-usually-500-towards-leases/201675 Do you.guys think 15 percent is doable on a new leftover 2019 40i? |
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12-17-2019, 10:01 PM | #631 | |
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I previously looked into it and thought I would not qualify since I'm leasing through BMW FS which is excluded in the fine print. Fact is you don't get the $2,000 cash BUT the $500 on a lease. Thanks to the link MrSnoopy provided, I know now that I can get $500 towards a BMW FS lease through them. I actually have accounts established with USAA and PenFed. Finally, I can use them... So if you lease with BMW FS, you can get the $1,000 incentive, the $500 through PenFed/USAA AND the $1,000 through BMW CCA. This deal is getting better by the minute...
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12-18-2019, 08:10 AM | #632 |
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How does PenFed work? Do I just need to have an account with them to get a credit for a lease?
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12-18-2019, 10:21 AM | #633 | |
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https://www.penfed.org/auto/car-buying-service With your online banking user name in the middle of the website and click on the green bar. On the next step, you enter the password. Then, you scroll down to 'Special incentives' and click on 'BMW'. You can then generate a code and take that to the dealer. BTW, here's a copy of the fine print on their website: 'Special BMW Incentive offer is valid at any authorized BMW Center in the United States. Cash incentives are not applicable for vehicles leased/financed through BMW Financial Services. Member must take retail delivery November 1, 2019 - January 2, 2020. Incentive offer is subject to change without prior notice. This special incentive is available to Pentagon Federal Credit Union members with greater than 60 days of membership. BMW requires presentation of a photo ID your BMW Manufacturer Certificate with a unique Customer ID and Offer Code. Visit the PenFed Car Buying Service to receive BMW Certificate. One incentive per member, per offer code, per calendar year for new BMW vehicles. Eligible member must be the purchaser. See your authorized BMW Center for complete program details. For questions about the PenFed Car Buying Service please call 1-877-638-4124.' What I underlined caused some confusion but other sources verified that you would indeed get $500 on any BMW model leased through BMW Financial through this program.
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Gone: 2020 X7 M50i, Mineral White, Ivory White Full Merino, Piano Black Trim, Cold Weather, Dynamic Handling, Driving Assistance, Luxury Seating, Executive, 22" Y-Spoke Orbit Grey Wheels Style 758i, Space Saver Spare, Trailer Hitch, Leather Dash, Ambient Air, Bowers & Wilkins, Rear Entertainment, Night Vision, Extended Shadowline, Alcantara Headliner in Upholstery Color.
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01-01-2020, 09:02 AM | #636 |
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Here is the deal I signed,
2020 X7 M50i $103445 MSRP 9% off MSRP $1000 lease credit $500 corp program credit 58% residual 0.00148 MF bought windshield and key replacement for $800 $0 drive off Monthly payment: $1355 |
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01-01-2020, 09:19 AM | #637 | |
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Windshield replacement and key replacement is dealer profit. Windshield replacement is unnecessary if you have auto insurance. Unless you loose you key a lot you're also provided a NFC key card. But since you're good with the deal and signed that's all that matters, congrats on the new ride!
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01-01-2020, 10:06 AM | #638 | |
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And yes I agree with you on that windshield replacement, and my auto insurance does cover it but the deductible is $500 compared to $800 what the dealer wants for 3 replacements in 3 yrs. So... I also tried to get a car from dealers out of state but carbon black with bench seat in coffee apparently is not easy to find. And it worked out better for me since I could save some of the tax from my trade-in. Nonetheless, thanks Attachment 2209675 |
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