[Will3X5]

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