[tcw495]

     Featured on BIMMERPOST.com

$1165/mo with $3k total out of pocket, on a build of $89k. DC area.

[Auricom]

Originally Posted by tcw495

$1165/mo with $3k total out of pocket, on a build of $89k. DC area.

Not enough info to evaluate.

MSRP - $89K
Discount pre-incentives - ???
Incentives qualify for - ???

3 yr lease - how many miles/yr 10, 12, 15K?
MF lease rate - ???

Out of pocket - 3K is what? First mo, taxes, title, tags, dealer doc fee is $300 max for MD

Assuming you're rolling taxes into the lease?

Looks like you're not putting MSD (multiple security deposit)

[tcw495]

Originally Posted by Auricom

Not enough info to evaluate.

MSRP - $89K
Discount pre-incentives - ???
Incentives qualify for - ???

3 yr lease - how many miles/yr 10, 12, 15K?
MF lease rate - ???

Out of pocket - 3K is what? First mo, taxes, title, tags, dealer doc fee is $300 max for MD

Assuming you're rolling taxes into the lease?

Looks like you're not putting MSD (multiple security deposit)

Sorry, here’s more detail:

36/10 lease. 20817 for taxes. I don’t think I qualify for any incentives (no military, not a current BMW owner, etc.)

$3000 total out of pocket at signing which includes first month payment and fees. Taxes rolled in. $1165 includes the taxes.

The MF and residual quoted were .00086 and 55%

[Malu59RT]

Originally Posted by tcw495

$1165/mo with $3k total out of pocket, on a build of $89k. DC area.

Doesn't sound great. Should be at .00086 MF and an 8% pre-incentive discount. There's $1000 loyalty and $500 lease cash in the calculator, but you would have to plug in numbers to the calculator for taxes and fees.

This should give you an idea:

Link

[tcw495]

Originally Posted by Malu59RT

Doesn't sound great. Should be at .00086 MF and an 8% pre-incentive discount. There's $1000 loyalty and $500 lease cash in the calculator, but you would have to plug in numbers to the calculator for taxes and fees.

This should give you an idea:

Link

I went to a second dealer and asked them if they could beat this price, and they basically said they didn’t understand how I got to those numbers and that I should take this deal from the first dealer.

That said, your calculator was quoting me at $1,083 with $3100 drive off.

[Malu59RT]

Originally Posted by tcw495

I went to a second dealer and asked them if they could beat this price, and they basically said they didn’t understand how I got to those numbers and that I should take this deal from the first dealer.

That said, your calculator was quoting me at $1,083 with $3100 drive off.

Not surprising. For some dealers, it's not worth the effort, especially on a car that's selling well. I had a dealer local with the exact car I wanted, and went in person to make a deal (something I normally don't bother with). He looked me straight in the eye and said they were being aggressive with a 1.3% discount off of MSRP. Meanwhile, another local dealer is offering 8% off plus incentives on a custom build. Etc.

You may contact a lease broker, and see what kind of deal they can get you. There are a ton of them in the links below, with calculators set up, and some that probably have a similar car to what you are looking for. I think a couple have 10% on an X7 before incentive. Hope this helps!

https://forum.leasehackr.com/tag/bmw

[Wanderer73]

OP, you should be able to get 10% off before incentives. DM and I'll give you a good contact that has very aggressive pricing.

[760Lifan]

Originally Posted by tcw495

$1165/mo with $3k total out of pocket, on a build of $89k. DC area.

On my M50i with 36/7.5K miles, MSRP of $123K and $3K out of pocket, I'm paying $1,499/month - and that also includes a wheel & tire insurance.

The quoted $1,165 feel a bit steep. The mentioned $1,083, however, would be spot on compared to what I'm paying.

[Savoy2001]

Originally Posted by 760Lifan

On my M50i with 36/7.5K miles, MSRP of $123K and $3K out of pocket, I'm paying $1,499/month - and that also includes a wheel & tire insurance.

The quoted $1,165 feel a bit steep. The mentioned $1,083, however, would be spot on compared to what I'm paying.

I’m paying on a 115k msrp 36/15kyr 1436 with 7000 total oop. That was an invoice deal in September when I took delivery with those programs.

[TXSchnee]

This thread is making me feel better about my $1470/month loan payment on my $115k Cayenne... May I ask why you are leasing when the payments are so high?

[tcw495]

Originally Posted by TXSchnee

This thread is making me feel better about my $1470/month loan payment on my $115k Cayenne... May I ask why you are leasing when the payments are so high?

Financing payments are still a couple hundred higher (even at 0% interest I’d be around $1400/month over 5 years) and I’ve yet to keep a car for more than like 2 years, but if I was someone that could hold onto a car for 5+ years I’d definitely be financing with interest rates where they are.

[Savoy2001]

So first of all to be close to this payment with 7k down I would need to finance for 84 months to be in the ballpark. Second, I dont want to own a high line anything beyond the warranty period especially a german high line. Third, the german high line stuff drops in value like a rock after 3-4 years which is when I would be trading anyway. So the cost of ownership is approx the same for the first 3 years leasing and takes away the added expense of buying an extended warranty which again on german high line cars is super expensive. Plus the depreciation is terrible and now I dont have to worry about it. I 'll probably lease a new bmw sav/suv/m something again in 3 years. Since we love the X7 M50I so much. These things aren't investments. They are expenses. Very luxurious expenses which you are either ok with or you're not. I gain nothing by financing/owning this thing but stand to lose alot.

[toddwalton]

This is not a good lease deal. 2 years ago I got my X7 40i 36K 36 months for $899 per month with $6K down. MSRP $80,000. All-in, taxes, fees, DMV, etc. in the math.

[TXSchnee]

Originally Posted by tcw495

Financing payments are still a couple hundred higher (even at 0% interest I’d be around $1400/month over 5 years) and I’ve yet to keep a car for more than like 2 years, but if I was someone that could hold onto a car for 5+ years I’d definitely be financing with interest rates where they are.

Makes sense, I have a 5 year loan, normally pay off by year three. I was just a bit surprised that the lease payments were so high, other than not worrying about the depreciation (which is what you are paying for) I would have assumed the payments would be much lower. I leased my '17 Audi S6, msrp of $86k and payments were only $320/month with $2500 down.

[TXSchnee]

Originally Posted by Savoy2001

So first of all to be close to this payment with 7k down I would need to finance for 84 months to be in the ballpark. Second, I dont want to own a high line anything beyond the warranty period especially a german high line. Third, the german high line stuff drops in value like a rock after 3-4 years which is when I would be trading anyway. So the cost of ownership is approx the same for the first 3 years leasing and takes away the added expense of buying an extended warranty which again on german high line cars is super expensive. Plus the depreciation is terrible and now I dont have to worry about it. I 'll probably lease a new bmw sav/suv/m something again in 3 years. Since we love the X7 M50I so much. These things aren't investments. They are expenses. Very luxurious expenses which you are either ok with or you're not. I gain nothing by financing/owning this thing but stand to lose alot.

I must be an outlier, in that I don't care about depreciation. Figure I am using it for maybe 5 years, so it has been worth it.

[tcw495]

Originally Posted by toddwalton

This is not a good lease deal. 2 years ago I got my X7 40i 36K 36 months for $899 per month with $6K down. MSRP $80,000. All-in, taxes, fees, DMV, etc. in the math.

I’ve called a few other dealers and multiple have basically said I should take the $1165 deal because they cant even match it. Maybe because supply is so low?

I’m waiting on quotes from a few other places and trying to get in contact with BimmerDavid for his quote.

[Savoy2001]

Originally Posted by TXSchnee

Makes sense, I have a 5 year loan, normally pay off by year three. I was just a bit surprised that the lease payments were so high, other than not worrying about the depreciation (which is what you are paying for) I would have assumed the payments would be much lower. I leased my '17 Audi S6, msrp of $86k and payments were only $320/month with $2500 down.

Wait a second. You're saying you leased an 86k car for 320 a month with 2500 out of pocket? I would have taken 3 of them. I'm sorry but you are either mistaken or ya you're typing that wrong. There's no way you leased any car on planet earth that expensive for that little per month.

[Savoy2001]

Originally Posted by tcw495

I’ve called a few other dealers and multiple have basically said I should take the $1165 deal because they cant even match it. Maybe because supply is so low?

I’m waiting on quotes from a few other places and trying to get in contact with BimmerDavid for his quote.

Keep in mind lease deals on ALL cars aren't as good as they were 2-3 years ago. This is across the industry every make. It just is what it is. It's getting more expensive to lease overall.

[TXSchnee]

Originally Posted by Savoy2001

Wait a second. You're saying you leased an 86k car for 320 a month with 2500 out of pocket? I would have taken 3 of them. I'm sorry but you are either mistaken or ya you're typing that wrong. There's no way you leased any car on planet earth that expensive for that little per month.

Not wrong, traded that in on my '18 G01 and my SA was shocked that I had $9000 in lease equity after 10 months. The Audi dealer had 4 other prospective customers fall through on that vehicle (couldn't qualify for financing) I got an amazing deal because they took an enormous hit on it.

[Next Level Auto Brokers]

This is an okay deal for a build x7. MD taxes are killer at 6% on the selling price so that's what making it look worse than it is.

Target should be 9% off builds

Here is your calculator for the current deal you have:

Lease Calculator current

Here is what you should aim for:

Lease calculator target

[Savoy2001]

Originally Posted by TXSchnee

Not wrong, traded that in on my '18 G01 and my SA was shocked that I had $9000 in lease equity after 10 months. The Audi dealer had 4 other prospective customers fall through on that vehicle (couldn't qualify for financing) I got an amazing deal because they took an enormous hit on it.

Ok so in reality you had a additional 9000 dollars down then dude. No wonder why. There's no miracle there you had a ton of money down. Every 1000 over 36 months is roughly 30dollars worth of payment movement. LOL you made it sound like you had the deal of the century. I knew that was wrong. You left out a very important piece of information.

Ok so they also apparently took a very shallow deal for themselves for whatever the reason. This also isn't the norm. So don't make it sound like this should be happening all the time. lol it doesn't.

[TXSchnee]

Originally Posted by Savoy2001

Ok so in reality you had a additional 9000 dollars down then dude. No wonder why. There's no miracle there you had a ton of money down. Every 1000 over 36 months is roughly 30dollars worth of payment movement. LOL you made it sound like you had the deal of the century. I knew that was wrong. You left out a very important piece of information.

Ok so they also apparently took a very shallow deal for themselves for whatever the reason. This also isn't the norm. So don't make it sound like this should be happening all the time. lol it doesn't.

No, I did not. The S6 is a low volume vehicle and retains value better. You never asked what the actual lease price on the vehicle was. MSRP of $86,000, dealer invoice was $77,000, which is what the lease amount was. They also gave me $2000 off in conquest cash (BMW owner buying an Audi) and another $1500 lease incentive. It literally was the "deal of a lifetime". Buy a sedan when everyone wants an SUV, then you can get a deal too.