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      05-16-2024, 08:09 PM   #1
Will3X5
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Drives: BMW X3 M40i, BMW 320ix (sold)
Join Date: May 2024
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Hi everyone,

Our 2017 320i is approaching the end of its warranty and we are looking to replace it with an X3. It's been a fantastic vehicle but time to move on.

We are currently looking at this lease deal from a local BMW dealer (we are in Ontario, Canada)

2024 BMW X3 M40i
Options: Mineral white metallic, mocha vernasca leather, premium essential package
Total retail price: $79,650 CAD

Less: 2017 BMW 320i xDrive trade-in: $14,500 CAD
Dealer fees - admin, mats, excess wear and use (this one is mandatory sadly): ~$2,500 CAD

Lease terms:
Term: 30 months
APR: 0.49% (includes 2.5% loyalty promo reduction)
Residual: 62%
16,000 km/year
Monthly payment: $723 CAD

Due on delivery (first payment and gov taxes/fees): $1569 CAD

The vehicle is also a dealer demo with around 2,000km/1,200 miles, so the $2,700 CAD freight charges are removed.

Given that it is a demo and that the G01 X3 is due for replacement soon, I believe there is some room to negotiate. Just wondering what everyone's thoughts were about this deal, and if anyone had any advice on the negotiation.

Please remember that I am in Ontario and the prices are in CAD! (rip the weak loonie...)

Thanks everyone
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      05-18-2024, 03:29 AM   #2
Nature_Ransacked
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Drives: X3 M40i
Join Date: May 2024
Location: Canada

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If you add the dealer fees and the vehicle cost that is almost as much as a spec’ed brand new one. Are you in rush to get one or this one spec’ed exactly the way you would if you had a blank canvas?
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      05-18-2024, 10:25 PM   #3
PK2348
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Drives: 2021 330i xdrive
Join Date: Sep 2012
Location: Brooklyn

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Quote:
Originally Posted by Will3X5 View Post
Hi everyone,

Our 2017 320i is approaching the end of its warranty and we are looking to replace it with an X3. It's been a fantastic vehicle but time to move on.

We are currently looking at this lease deal from a local BMW dealer (we are in Ontario, Canada)

2024 BMW X3 M40i
Options: Mineral white metallic, mocha vernasca leather, premium essential package
Total retail price: $79,650 CAD

Less: 2017 BMW 320i xDrive trade-in: $14,500 CAD
Dealer fees - admin, mats, excess wear and use (this one is mandatory sadly): ~$2,500 CAD

Lease terms:
Term: 30 months
APR: 0.49% (includes 2.5% loyalty promo reduction)
Residual: 62%
16,000 km/year
Monthly payment: $723 CAD

Due on delivery (first payment and gov taxes/fees): $1569 CAD

The vehicle is also a dealer demo with around 2,000km/1,200 miles, so the $2,700 CAD freight charges are removed.

Given that it is a demo and that the G01 X3 is due for replacement soon, I believe there is some room to negotiate. Just wondering what everyone's thoughts were about this deal, and if anyone had any advice on the negotiation.

Please remember that I am in Ontario and the prices are in CAD! (rip the weak loonie...)

Thanks everyone
14k downpayment?
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wdeerfield2796.00
      05-19-2024, 08:45 AM   #4
IAmSpeed
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Drives: 2023 X4 M40i (G02)
Join Date: Jul 2022
Location: San Francisco Bay Area

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2023 BMW X4 M40i  [10.00]
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2004 Toyota Vios | 2004 BMW X3 | 2007 Chrysler Town and Country | 2007 Ford Escape | 2008 Honda CRV | 2017 Nissan Versa Note | 2017 Toyota RAV4 | 2017 Toyota Yaris iA | 2019 Porsche 911 | 2023 BMW X4 M40i
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