Looking for feedback on 2018 530e loaner. 4K miles. I went back and forth with the dealer several times and this is the lowest they’ll go. Can’t find any similar optioned/ price cars in SoCal. Supply has dwindled.
Location: Southern California
MSRP: 61970 (car is pretty loaded with options…it was an executive demo)
Sale Price: 52785 (15% off) + 925 acquisition fee = 53710
Incentives: 4000
Drive off: 2100 (tax title registration etc…) They put $300 down into the drive off even though I didnt ask for it -_-
Miles: 15K
Residual: 58%
MF: .00177 ( MF bump /w waived acquisition fee came out to be more expensive)
Monthly Payment: $589 (including 10.25% tax). Base payment is 534.78 w/o tax
Can I ask why this car? Meaning there is a run on supply because people got good deals. 15% off on this loaner is not great to me. If you include the DAS it’s higher per month. I would look up dukez’ deal on a 2019 new one to give you a sense what you can achieve on a new model year and then decide how much it’s worth less to you to do a loaner. Keep in mind that new one even qualifies for cal rebates potentially. Or if the deal isn’t fantastic go find another car.
He put MSDs which dropped the payment around $30 a month based on the tinkering i did on the leasehackrs calculator. I’ve done MSDs before and have it on my current M4, not interested in doing it this time around.
His 470 a month doesnt include tax (add $50 a month in socal @ 10.25%).
His lease is also 10K a year…this one is 15K (drops residual to 58%) which adds anywhere from 50-60 a month
His car was 2K less (60K vs. 62K. every 1K adds on average $30 a month)
I actually called BMW of Murietta after I saw his post and tried to negotiate on a 2018 530e (non loaner) $59,695 MSRP. They were only willing to discount only 7K on the car and had a higher drive off (2700 and 0 down). Payments were coming out to 620 a month /w tax.
I called my usual broker for a 2019 530e and got pricing on a 59K MSRP car discounted to 53K /w similar terms (36 months and 15K a year). They had me at $2500 drive off (0 down) and $645 a month.
Even with the $1500 rebate from the state, if comparing apples to apples (same MSRPs on the 3 cars). The loaner is coming out on top…unless I’m missing something.
15% should be your target price on a new vehicle this month (14% if no OL code). For a loaner, I don’t think this is near competitive enough given that you won’t be able to get any post sale rebates on it.
Edit: Also, I’d double check your tax rate. 10.25% can’t be right. SoCal is generally 9.5% unless you are in my neighborhood
So on a 62K loaner, you are effectively paying 647 right? It’s 589 + 2100/36.
You like bluestone metallic which is a $500 option and M Sport on this car is strange, especially if you drive an M4. Man it’s your money, but since you’re asking for feedback, I wouldn’t move ahead without 20% off.
I like the m sport look and the car just drives better in my opinion. Yes I know it’s not a sports car… I’m getting the e nexuses it costs the same as the i and I can get the carpool sticker which will save me a lot of time commuting.
I don’t roll the drive off into the payments. Not something you can negotiate. Regardless of what car car I get the drive off is going to be there.
Have people in SoCal been getting 20% off 530e loaners? I’ve checked on the forum and haven’t seen anything. 330es we’re getting good discounts but it’s an outgoing model…
you can definitely tell a dealer you want 0 DAS which would increase your payments so I don’t get it. At the end of the day you are paying around 647/month for a 62K loaner. Put it all into the calculator and select the toggle so you do zero DAS. Again, it’s your money…but my feedback is no bueno.
That’s super annoying. I was unaware that’d taken place.
Nobody has had a super solid hack on this car yet (I know my deal is for sure beatable since I beat it on another car but chose not to pull the trigger on it), but I do think you should be able to get about 18%. When I bought mine last month, I passed up a better deal (which has since sold), so I know for sure 14% is doable on a new vehicle — and a few % higher is doable on a loaner. Potentially even better now that we are towards end of April.
I know I can roll it in I just don’t want to. Point I was making is that I can’t negotiate the dollar amount on the minimum drive off.
Keep in mind the 15k lease adds around 50-60 a month over a 10k lease, which I’ve noticed is the more common deal people post on the forum. 10-25% tax is also a killer.
Only variable I can control at this point is the negotiated price. If anyone has been able to get 20% off a 530e demo…Please let me know
I found several nationwide that I was able to talk down a few percent off listing. It all comes down to finding the right car and your ability to negotiate. That’s what makes hacking fun
