BMW 530e lease deal

Mina_Rofaeel · April 10, 2018, 6:07pm

no, it is brand new.
the car is eligible for $1500 CA Rebate so basically I put down $2500 after getting the rebate back

LeaseWiz · April 10, 2018, 6:11pm

Did you have BMW Loyalty? What dealership was it? Im in L.A. Area.
Thanks!

Mina_Rofaeel · April 10, 2018, 6:15pm

No Loyalty.
i got it from BMW Torrance, before going there I have checked with all the dealers in OC no one gave me these numbers all were above 520 a month

okaplan · April 10, 2018, 6:16pm

I was at Crevier BMW two weeks ago with a friend looking for 530e. They have the $3,888 down $399+tax deal for 36/10k, 56K msrp one. It required loyalty and Costco membership.

Rezar1 · April 10, 2018, 6:49pm

That’s a good deal. I have not been able to get under $500.

Rezar1 · April 10, 2018, 6:51pm

Can you please provide more detail

MSRP
Selling Price
MF
etc.

It will be helpful when we are talking with dealers.

LeaseDoc · April 10, 2018, 7:35pm

Amazing deal Mina! Does your car have the Premium 2 package?

Mina_Rofaeel · April 10, 2018, 7:40pm

No it doesn’t , I wish
but it has some extra features parking distance option, sport seats and some others

ThanxsisC · April 10, 2018, 11:33pm

I picked up my new 2018 530e this weekend from BMW or Freehold and my monthly all-in is $530. Details below:

MSRP: $62,855
Sale price discount (pre rebates): 11% off MSRP
Rebates: $5,000 (lease cash, loyalty, ski Moritz OL)
Money factor: 0.00156
Residual: 61%
36 months/10k Miles per annum
DAS: first month, bank fee, doc fee, registration fees

Rezar1 · April 11, 2018, 3:58pm

Thanks. I am guessing you got this deal in March. Lease cash went from 2K to 1K in April.

vhooloo · April 11, 2018, 4:22pm

YOu mean your Due at Signing was 2500 + 1500 = 4000 but 1.5k back from CARB rebate. Right?? Lol. Love how dealers like to play with numbers. IF your drive off was 4k, then your “deal” becomes worse and worse.

vhooloo · April 11, 2018, 4:22pm

Now that is a lease hackr He goes skiing just to get a good deal

nextlevelautobrokers · April 11, 2018, 4:59pm

Got my 530xi in Dec from Freehold. They did 12% discount before rebates and no other dealer came close. I did everything over the phone and no suprises…great dealer IMO. Who did you work with ?

Rezar1 · April 11, 2018, 5:10pm

Mina, will you be able to share your numbers? MSRP vs Sell price as well as MF?

ThanxsisC · April 11, 2018, 5:29pm

Maria Shouldice who was the internet sales manager and Nick L. who was the CA.

@vhooloo, hey i get the best of both worlds - $1K rebate and possibly a free ski week in the Alps…win win in my opinion until I start getting spammed with who they sell their data to

kimcicle · April 11, 2018, 5:30pm

Now this is a lease deal on a 530e. Well done!

max_g · April 11, 2018, 5:39pm

How do you reckon? By my rough calc Mina negotiated a similar or possibly bigger discount off MSRP. The rest is stuff largely out of one’s control at the time of signing (not qualifying for loyalty, higher taxes, needing more miles, etc etc)

ThanxsisC · April 11, 2018, 5:43pm

I think he was just making a joke about the skiing part…

nextlevelautobrokers · April 11, 2018, 5:45pm

Maria is amazing…she sent me great numbers to begin with and not a lot of back and forth.

kimcicle · April 11, 2018, 5:50pm

Despite the similar discount off MSRP, Mina is still paying more per month for a car that had a lower MSRP. Her deal was good, but ThanxsisC’s deal is much better. I think the difference could be made up partially due to lack of loyalty / maybe marked up MF?