[gohawks23]

Originally Posted by glennbk

can you buy down the lease rate?

Google/search MSD's.

[ASAP]

Had some fun yesterday with Vroom and the online car buying services to see how much used car prices have fallen since the summer boom... and yes the difference is absolutely drastic.

My 68k nearly brand new X3 M40i now gets a 50K quote from Vroom with only 2k miles lol... glad to see the auto world is finally starting to stabilize... I wouldn't sell the car but this is a good metric to see what will happen with new car prices soon.

[Artdnj]

For a 2023, that's insane

[ASAP]

Originally Posted by Artdnj

For a 2023, that's insane

i would say this is normal world reality and what one see prior to Covid... the past few years were entirely fake... first year or 2, people usually take a major bath...
I hope no one bought over msrp or had a way to get in major equity, otherwise rip.

[Flippco]

Originally Posted by ASAP

i would say this is normal world reality and what one see prior to Covid... the past few years were entirely fake... first year or 2, people usually take a major bath...
I hope no one bought over msrp or had a way to get in major equity, otherwise rip.

For sure, I saw the dealer I worked with just sent my trade to auction and it’s still for sale in a nearby state, and that was 2 months ago.

I’m glad I got what I got, didn’t pay more than MSRP, and got a lot of equity.

Even the finance manager laughed about not even trying to sell me gap with my down payment. Crazy how things change and there never is a “normal”.

[DC X3M40i]

My 2020 x3m lease was due this past November. Went to talk to my dealer in September abt what my
Options were. He told me the m40i would be msrp less any incentives. They gave me 56k for my x3m versus a
48k buyout. They tried to sell the x3m for 69k and change. And it sat….and sat….and sat….until they dropped the price 5k….sat…sat….sat….last I saw it was down to 61k which I think it eventually sold for. Things are normalizing!!

[ASAP]

Originally Posted by DC X3M40i

My 2020 x3m lease was due this past November. Went to talk to my dealer in September abt what my
Options were. He told me the m40i would be msrp less any incentives. They gave me 56k for my x3m versus a
48k buyout. They tried to sell the x3m for 69k and change. And it sat….and sat….and sat….until they dropped the price 5k….sat…sat….sat….last I saw it was down to 61k which I think it eventually sold for. Things are normalizing!!

between u and me, it probably didn't even sell for 61k lol... maybe high 50s... the M suv's prior to Covid had absolutely terrible resale value which is why they always had huge discounts... most folks were either looking for an M sedan / coupe (which makes the M3's / M4s resale value good) or a regular SUV like X3 M40i... the X3M market is absolutely tiny and I think this will become apparent in a few months w the prices... even if I was looking to buy a new M40i now, I'd hang out a few months bcuz below msrp deals will be here soon

[longlasting]

What you guys think?

My deal is.

2023 m40 64,040
Sell price 59,759
7%off
2500 rebates
2700 drive off
Mf - .00200

870 month with tax

[Artdnj]

That seems good, what are the specifics regarding rebates? Drive off? Miles? High pre covid but currently not bad at all from what I have seen

[investor27]

We are looking to purchase the 2023 X3 xDrive30i. How much discount can I expect to get off of MSRP in Southern California?

This will be a cash purchase, so can I expect 3%, 6% or 9% off?

.

[NEfan508]

Few dealers around Boston all have order spots some with multiple BUT not selling below MSRP, only 1 would conform to sell with the base lease rate…

2023 x3 m40 for order, any dealer with base rate and 3% off BUT they are not budging?!?

We will see the last week of the month after Christmas, maybe they will loosen up? 🎅 ❄️ 🌲

[Flippco]

[QUOTE=investor27;29634815]We are looking to purchase the 2023 X3 xDrive30i. How much discount can I expect to get off of MSRP in Southern California?

This will be a cash purchase, so can I expect 3%, 6% or 9% off?

You’ll have to call dealers to find out. Also cash isn’t the discount motivator it used to be. Dealers make more on a deal when the buyer finances. Your best bet would be to finance it and then pay it off immediately.

[bmwforme]

Decided to pull the trigger today.

36 months, 10k miles
$67,120 MSRP
$64,267 Selling Price
4.25% MSRP discount
$2,500 in rebates ($1,500 loyalty, $1,000 lease credit)
$1,395 drive-off ($995 first payment, $400 Government fees)
No upfront taxes, acquisition fee and dealer fees (decided to roll)
No MSDs
MF - .0018
$600 Broker Fee (not thrilled but only way to get 4.25% off MSRP in Northeast to my knowledge)


Monthly Payment: $995

$995 [$807 depreciation + $188 rent charge]
Total lease life cost: $36,220, $36,820 including broker fee

[glennbk]

Originally Posted by bmwforme

Decided to pull the trigger today.

36 months, 10k miles
$67,120 MSRP
$64,267 Selling Price
4.25% MSRP discount
$2,500 in rebates ($1,500 loyalty, $1,000 lease credit)
$1,395 drive-off ($995 first payment, $400 Government fees)
No upfront taxes, acquisition fee and dealer fees (decided to roll)
No MSDs
MF - .0018
$600 Broker Fee (not thrilled but only way to get 4.25% off MSRP in Northeast to my knowledge)


Monthly Payment: $995

$995 [$807 depreciation + $188 rent charge]
Total lease life cost: $36,220, $36,820 including broker fee

Details on the car?

[ASAP]

Originally Posted by bmwforme

Decided to pull the trigger today.

36 months, 10k miles
$67,120 MSRP
$64,267 Selling Price
4.25% MSRP discount
$2,500 in rebates ($1,500 loyalty, $1,000 lease credit)
$1,395 drive-off ($995 first payment, $400 Government fees)
No upfront taxes, acquisition fee and dealer fees (decided to roll)
No MSDs
MF - .0018
$600 Broker Fee (not thrilled but only way to get 4.25% off MSRP in Northeast to my knowledge)


Monthly Payment: $995

$995 [$807 depreciation + $188 rent charge]
Total lease life cost: $36,220, $36,820 including broker fee

Am I crazy or does that seem really expensive? Maybe that's the reality with leases today.

[EWL5]

Originally Posted by ASAP

Am I crazy or does that seem really expensive? Maybe that's the reality with leases today.

Looks about right. Appears to be zero capital cost reduction (down payment).

[ASAP]

Originally Posted by EWL5

Looks about right. Appears to be zero capital cost reduction (down payment).

yes but at a lotal lease life cost of $36.8K from a selling price of $64K, let's say 68k with taxes, that would leave around 31K to payoff if purchased... the residual is probably faar higher... i see 0 value in leasing here unless there is some tax advantage or other reason

[gohawks23]

Originally Posted by ASAP

Am I crazy or does that seem really expensive? Maybe that's the reality with leases today.

Bmwforme:
Residuals stink and MFs are high and marked up. Spend time and learn how to calculate a lease. Google/use leasehckr calc.

[EWL5]

Originally Posted by bmwforme

Decided to pull the trigger today.

36 months, 10k miles
$67,120 MSRP
$64,267 Selling Price
4.25% MSRP discount
$2,500 in rebates ($1,500 loyalty, $1,000 lease credit)
$1,395 drive-off ($995 first payment, $400 Government fees)
No upfront taxes, acquisition fee and dealer fees (decided to roll)
No MSDs
MF - .0018
$600 Broker Fee (not thrilled but only way to get 4.25% off MSRP in Northeast to my knowledge)


Monthly Payment: $995

$995 [$807 depreciation + $188 rent charge]
Total lease life cost: $36,220, $36,820 including broker fee

I could be wrong but I think you're financing the $600 broker fee as well over the 36 months. Also, based on the current national program and assuming you've purchased a '23 X3 M40i, the residual value after 36 months is 56% of MSRP, which makes monthly depreciated cost $820. Was that monthly payment breakdown calculated by you or the dealer?

Year and model of what you got would be nice info!

[bmwforme]

Originally Posted by glennbk

Details on the car?

Originally Posted by EWL5

I could be wrong but I think you're financing the $600 broker fee as well over the 36 months. Also, based on the current national program and assuming you've purchased a '23 X3 M40i, the residual value after 36 months is 56% of MSRP, which makes monthly depreciated cost $820. Was that monthly payment breakdown calculated by you or the dealer?

Year and model of what you got would be nice info!

Apologies for leaving out some key details here, attaching the sticker and lease details below.

Part of the disconnect here may be that rolling the acquisition fee and dealer fees takes ($925 + $599 = $1,524) the payment from $949 to $995.

The $600 broker fee is separate and not being financed. The $599 "dealer fee" (separate from broker fee) is also unfortunate but seems to be par for the course for most lease brokers in my area on a variety of different brands.

I've only put down a $100 deposit for now so in the meantime I've emailed 20+ dealers up and down the east coast to see if anyone can budge further on MSRP. I've been waiting since July and this offer has gotten materially better.

At the end of the day, I'm not going to bat for this offer and more so want advice. Totally understood it's a bad time to lease but I'd strongly prefer not to finance/own. I like being in a new car every 3 years and then road quality and salt up here is not ideal for car ownership.

[gohawks23]

Just a bad time to lease...probably the worst in decades. BMW residuals used to be in 60s and MFs close to zero with MSDs etc...along with 8-10% reductions in MSRP before incentives which were more plentiful...that all adds up to an ugly large cost to lease now.

[EWL5]

Originally Posted by bmwforme

At the end of the day, I'm not going to bat for this offer and more so want advice. Totally understood it's a bad time to lease but I'd strongly prefer not to finance/own. I like being in a new car every 3 years and then road quality and salt up here is not ideal for car ownership.

I went the other way as I ended about 10 years of consecutive leasing. By financing my current car, I will have equity and sales tax advantage on any trade-in down the road, even if it's 2-3 years from now. Only disadvantage is that payments are higher but it provides the most flexibility compared to a conventional lease.

My interest rate on the finance was high but I'm throwing in extra principal per month to pay it off earlier than contracted.