2018 BMW 340i 36/12 Lease

[monacoDK]

First offer from local dealer on '18 340i MSport.

MSRP - $58,560
Sale Price - $54,628 (6.7% discount)
Incentive - $2,000 lease cash
Drive off - $1,561 ($739 first mo pmt + $822 licensing)
$925 Acq Fee
$399 Doc Fee
$651 “Other” Fees (backed into on the calc; need to get clarification but perhaps tax on incentive?)
60% RV
0.00156 MF
36/12k lease
Monthly payment = $739

In my head I was targeting 10+% off MSRP for an all-in monthly payment of around $650. Think I can get there or am I dreaming of getting such a discount?

[Dkphan]

739 is too expensive for a 3 serie. I think there is more room to negotiate, you might need to research the forum more.

There are some loaner 340 going for 440 a month… some people doesnt want loaner or demo car, they might follow the 1 percent rule which is monthly payment included tax shoudnt be more than 580 in your case with this car.

[monacoDK]

Regarding the 1% rule, I imagine that is a pre-tax target?

[jzamorski113]

What region are you in that it’s only 2000 lease cash? I thought it was $3000 nationwide pretty much.

This is the deal I received a few weeks ago on the 340i x drive, but decided to go with the Giulia instead:

2018 BMW 340i X-Drive Lease (PA)

Hi All, I’ve been doing a lot of research on the forum to get into a lease on a sports sedan. Please let me know your thoughts on this deal for a BMW 340i X Drive. This was the first offer they gave. Calculator provided below. MSRP: 58,325.00 Sales Price: 52,386 Incentives: $3000 Lease Cash, $1500 Loyalty, $1000 BMW Code ($5500 total) $489 first month $925 Acquisition fee $399 doc fee $578.25 tax on $5500 in rebates and acquisition fee $479 estimated motor vehicle $2,870.25 total due a…

Definitely check out that thread for the link to the bmw code for $100 off. I want to say it was like $17 per month to go from 10-12k miles.

[monacoDK]

I am in AZ. I swore it was $3k too but when the dealer mentioned $2k I checked bmwusa.com for my zip code and that’s what it said there as well.

Thanks for the link; just entered the sweepstakes and will be on lookout for the code.

Your deal was close to 10.5% off MSRP before incentives so I definitely have some fat to cut out yet.

Funny, I keep wavering on the Giulia myself but some mental block is keeping me from fully committing.

[Dkphan]

Check out this thread regarding 1% rule… the dealer is giving you 1st pencil, most is 2nd pencil, still lots of room to negotiate…

Truth about infamous "1% rule"

There is no consensus on what it should be, so let’s see what majority of experts think about it. Besides, we never had any polls before Some notes: everyone knows that tax is calculated differently, as well as taxation of incentives, etc. So it will never be Granny Smith apples vs. Granny Smith apples, but will still be apples vs. apples, IMO Also - we agree on $0 down (CCR) 1% should be… poll

[Empirestate]

Do yourself a favor a get your car from California Arizona dealers will kill you you will save thousands

[Jason_B]

+1. Do not buy cars in Arizona.