2016 BMW 328i xDrive. How to find the best price?

Ask the Hackrs
1

Hi!

I’m in the market for a car, and I thought I would give leasing a try (never leased before). I was looking around, and I like the 328i xdrive (AWD) version. I’m located in Chicagoland. I was wondering, what’s the best steps to try and get a lease on this?
It seems BMW is offering a lease option (as they advertise) for $349**/month 36 month, 10K miles/year. $3K down plus first month and $925 acquisition with $350 at the end of lease. I was looking more for a 24-month lease and 12K miles/year.

Is this a good offer? From what I read around here, I should be able to try and see if I can move away from the down payment and max out the multiple security deposits (I think 7 from BMW) which would make the security deposits about equal the down payment. Any tips on how to proceed?

Thanks!

2

Email blast all dealers you are willing to travel to with the specifics you want. Color, options, msrp, 36/10 36/12 etc.

Base MF after msd is .00089

36/10 is 66%

3

Thanks. I did that just now.

So, for example, one dealer has a 328i xdrive for 51K. It has a $5800 savings. Using the calculator, assuming 0 down and 7 MSDs, I should be about $490 + sales tax, correct? I assume down payments are not refundable?

Though looking at truecar, the msrp should be around $43,500.

4

it depends on your State’s tax rate. Only put down first payment & plates and MSD’s.

5

Hmm OK. So better to put nothing down at all.

6

Never, unless you enjoy throwing money away.

7

Herb Chambers Sudbury Mass 3.5 k down, 299 month 24 month, 10 k miles/yr MSRP 43.4, purchase 41k

8

Down as in down payment or down in msd?

Seems I can’t get better than some 480$ with max msd, no down, 12k a year 36month

9

That’s down payment.

10

Oh.
Looking at offers even for the 320I xdrive 12k 36 month max msd I might get that to about 400/month. I don’t know if that’s a good deal or not.

11

Its not. Residuals are super high at 66%.

12

The 320 is the entry level and is down to 229 a month in mass with 3.5 down

13

best I could get is this
320i xdrive demo car with 9k miles on it. msrp 39400. sale for 33550
12K/year 36 month. MF after 7 MSDs is 0.00088 (it seems thats the national average and the leasehackr calculator is outdated).
taxes upfront and all fees. 0 down. 330$/month. includes GAP.

14

where are you located?

15

Chicago area / will county

16

I mean id rather have new. Look at a new 328. Expand your search.

17

So would I but I emailed every dealer in the chicagoland area and all were quoting well over 400 with some up to 600+. I want to be under 400 for a 328I xdrive , or as close to 300 as possible for a 320i xdrive and the cpo 320I xdrive seems to be the best bang for the buck in my area.

18

Go to bimmerfest and go in the “ask a dealer” section and post what your looking for and see if you can hook up with a board sponsor.

19

also post your deal here and theyll advise.

http://www.bimmerfest.com/forums/showthread.php?t=830104&page=43

20

Thanks! I’ll do that.