[turbobeagle]

Originally Posted by jgreg12

Great point -- let me share the details attached.

#2: the cash is gone, but I am confident it will be back by March when I take delivery. The sales manager assured me in writing it will be honored if/when it returns and roll into the final deal.

#2: I mentioned MSDs but it barely reduces the MF (and ultimately the pmt). Plus it lock up 5k in cash. If it was reducing the MF by an entire point (4.4 to 3.4%) I would consider but its just so nominal...

Can you take a look at my specifics and double check? It appears by cap cost reduction of roughly ~6k includes the MSRP discount + 1500 rebate + trade equity of 500.

At the end of the day I would have appreciated a 60% residual & 10% discount on the MSRP but those two factors are never happening in the near term.

I didn't look super close, but it looks like they're quoting you the right numbers in terms of discount + rebate.

Regarding the MSDs, you need to ask your sales associate to check it again. The program JUST changed. If you max out 7 MSDs, you'll get a 0.00042 MF reduction, which is a full point.

Residual is set by the OEM and is not negotiable.

[jgreg12]

How much do you have to put down for the full 7 MSDs?

[turbobeagle]

Originally Posted by jgreg12

How much do you have to put down for the full 7 MSDs?

After accounting for the MF reduction, you take your monthly payment and round up to the closest $50 increment. That is the amount per MSD. So if the monthly payment is $725, each MSD would be $750.

[jgreg12]

So I put down roughly $6k in order to save roughly $1500 over 3 years (60/mo). I am not sure that is worth it with current high-yield savings accounts paying 4% interest...

[turbobeagle]

Originally Posted by jgreg12

So I put down roughly $6k in order to save roughly $1500 over 3 years (60/mo). I am not sure that is worth it with current high-yield savings accounts paying 4% interest...

That's fair, definitely a personal decision. 25% guaranteed tax-free over 3 years is about 7.5% compounding annually. I would take that as a guaranteed return. You gotta pay tax on the 4% interest from the HYSA.

[X6DividedByTwo]

Things happened, orders were changed…

updated link to m40i build

[EWL5]

Originally Posted by X6DividedByTwo

Things happened, orders were changed…

updated link to m40i build

No HUD this time?

[X6DividedByTwo]

Originally Posted by EWL5

No HUD this time?

Isn’t it included in Prem Pkg? I must have missed it… I’ll call Park Ave BMW in the morning, thank you for pointing that out!

[turbobeagle]

Originally Posted by X6DividedByTwo

Isn’t it included in Prem Pkg? I must have missed it… I’ll call Park Ave BMW in the morning, thank you for pointing that out!

Yes, HUD is in the premium package already for the M40i.

Are you SURE you don't want the driving assistance professional package?

[R N M]

Originally Posted by nyalpine90

local dealer quoted me 900 a month for X4 30i lease
thats INSANE. NO discount on new car or equity on my X3.
let say MSRP is 59k with 5k down plus taxes I would be paying $7XX a month for 72 months-finance



i said OH well, I guess we wont be having BMWs any more. At least not new

Ye its really incredible. Are ppl really paying $1,000 month for $50k X3 /4s.
I checked out Acura and they quoted me $900s with taxes rolled in on a $65k MDX.

I already extended my lease on X3 so doesn’t look good for me getting new car. I personally think these prices are very inflated and there is not enough consumers that will continue to afford these lease payments. Financing is also not great as discounts are minimal and rates are high.

[EWL5]

Originally Posted by X6DividedByTwo

Isn’t it included in Prem Pkg? I must have missed it… I’ll call Park Ave BMW in the morning, thank you for pointing that out!

Looks like you're correct. My frame of reference is the lowly xDrive30i.

[X6DividedByTwo]

Originally Posted by EWL5

Looks like you're correct. My frame of reference is the lowly xDrive30i.

Don’t say that brother, nothing wrong with the 30i… I would have gladly stayed at 30i if it wasn’t for my fiance adding every single package they offer and bridging the gap to a m40

[X6DividedByTwo]

Originally Posted by turbobeagle

Yes, HUD is in the premium package already for the M40i.

Are you SURE you don't want the driving assistance professional package?

I’m a bit against anything interfering with me while I drive, especially with NYC driving/bumper to bumper & driving aggressivey against taxi’s and busses

[glennbk]

Down payment is a no go for leasing....for the reasons mentioned above. As for fees, most brokers will push for a price reduction to cover said fees. If you do follow through on a purchase with down payment, make sure to waive GAP coverage. That can save you between $500 to $1000 for the insurance.

If you are getting the M40i, I'd buy it as it leaves you with residual value, the ability to make any modifications you want and drive as little or as much as you want. In a lease, you are in a perpetual state of rental status.

[jgreg12]

I still don't believe in the buy side of this. A lease is still substantially less than buying. Over 4 years (when car is out of warranty) you spend $41000. A lease spends close to $33,000.

The fact you are being told in plain English by BMW Financial Services "your car will literally lose half its value in 3 years" should scare any reasonable person away from buying unless you plan to be buried with the car.

Who is actually going to keep an M40 for 6 years?

[jgreg12]

Originally Posted by turbobeagle

That's fair, definitely a personal decision. 25% guaranteed tax-free over 3 years is about 7.5% compounding annually. I would take that as a guaranteed return. You gotta pay tax on the 4% interest from the HYSA.

I'm looking into this. The car is set for production for later February and I am praying we hit a 3000 rebate and that lower MF...

[glennbk]

Originally Posted by jgreg12

I still don't believe in the buy side of this. A lease is still substantially less than buying. Over 4 years (when car is out of warranty) you spend $41000. A lease spends close to $33,000.

The fact you are being told in plain English by BMW Financial Services "your car will literally lose half its value in 3 years" should scare any reasonable person away from buying unless you plan to be buried with the car.

Who is actually going to keep an M40 for 6 years?

I plan to. Next car I'll get will be in 2030.

[X6DividedByTwo]

Originally Posted by jgreg12

I still don't believe in the buy side of this. A lease is still substantially less than buying. Over 4 years (when car is out of warranty) you spend $41000. A lease spends close to $33,000.

The fact you are being told in plain English by BMW Financial Services "your car will literally lose half its value in 3 years" should scare any reasonable person away from buying unless you plan to be buried with the car.

Who is actually going to keep an M40 for 6 years?

If I choose to buy in three after the lease is up and value is higher than agreed amount price between me and BMW (because low miles and package + options) would lease to buy route make sense?

I’m not very good with new cars and finance vs lease… I am trading in my nearly paid off ‘17 4runner and starting with a lease w/ plans to own if the car treats us well (and trade in if our needs change for the larger x5)

[turbobeagle]

My transaction was set to be a finance, but at the very last minute, I switched it to a lease. I still plan to own this car long term, but my thought process was:

• There was an extra $750 loyalty lease rebate which mostly made up for the $925 lease acquisition fee.
• The lease gives me some insurance against certain scenarios. For example, the car could turn out to be a total turd (get unlucky with reliability), or maybe there's a big accident and insurance decides to fix it, and leaves me with diminished value. Or maybe I just end up hating the car.
• The finance rate was 3.99% and the lease MF was 0.0018 (4.32%). So the cost of this "insurance" is about 0.33% per year, which is about $220 / year. It seemed like a small price to pay to keep my options open.
• The residual sucks compared to past eras, but I don't care that much, since I plan to buy it out.

Now that I've had the car for a couple weeks, I'm loving it. I still fully intend to buy it out, but I see no reason to do that until lease maturity. May as well keep my options open.

My point here is not to defend leasing the car. Rather, if you're going to finance the car, run the numbers on what the added cost is of doing it as a lease + buyout instead. In fact, now that the MSD program has been enhanced, a lease + buyout may be cheaper than financing.

[jgreg12]

What MSD program did you get? Were you down to 3.42% now? You are spot on with that logic. You could always buy it out -- though my dealer told me they disincentivize that motion with fees and high interest rates on the loan + they will make you certify the car with BMW (tires, brakes, etc.).

I think your REAL benefit in this is when you turn the car around in the next lease after 3 years -- you have positive equity? Make the dealer earn it.

[turbobeagle]

Originally Posted by jgreg12

What MSD program did you get? Were you down to 3.42% now? You are spot on with that logic. You could always buy it out — though my dealer told me they disincentivize that motion with fees and high interest rates on the loan + they will make you certify the car with BMW (tires, brakes, etc.).

I think your REAL benefit in this is when you turn the car around in the next lease after 3 years — you have positive equity? Make the dealer earn it.

I did not do MSDs because the program sucked just 2 weeks ago when I picked up. As mentioned, BMW surprised everyone by enhancing it. I am kinda bummed about it

[arRod1981]

Originally Posted by jgreg12

What MSD program did you get? Were you down to 3.42% now? You are spot on with that logic. You could always buy it out — though my dealer told me they disincentivize that motion with fees and high interest rates on the loan + they will make you certify the car with BMW (tires, brakes, etc.).

I think your REAL benefit in this is when you turn the car around in the next lease after 3 years — you have positive equity? Make the dealer earn it.

Why finance with the dealer during a buyout? You can get much cheaper rates through a CU. Also, your lease is through BMWFS, and not the dealer. They can't make you do anything. You literally go on to the BMWFS website to initiate the buyout. As far as extras and whatnot for buying out is crap. There was a couple of people on here who leased and were buying out, and the dealer tried to pull that crap. They got attorneys involved and they quickly got squashed. Because your contract through BMWFS does not include fees and whatnot when buying out. Those dealers were just trying to make money off of something they are not a part of.