2018 BMW 430i Gran Coupe - Good deal? I think it might be

Ask the Hackrs
1

Im trying to learn more about leases. After 15 years of buying cars, I am ready to consider a lease and put the past falsehoods behind me.

Perusing different sites and calculations, I think I may have a good lease but humble enough to admit I need help and advice. Here is what I have from the BMW dealership (would be my first German car), via email (I asked for best lease and purchase price):

"…with $5,562 Drive off which is including your first payment, registraion, tax, and BMW acquisition fee it will come up to $419+tax monthly.

With $3,000 Drive off the monthly payment will come up to 491+tax monthly.

The best purchase price of this vehicle will be $41,888."

Experts…is this a good lease deal??

Miles allowance: 15,000 miles
Location: Los Angeles, CA
Car: BMW 430i Gran Coupe/white/4cyl turbo
Notes: Car has 6-7k miles on it (apparently its a showroom car or something…only used by the dealers…not a loaner)

Im interested in BMW because of the maintenance coverage for 4 years (even though a 3 yr lease).

I made some rough calculations on cost per 10k of MSRP (used purchase price quoted) and came up with roughly 133 which would is considered a good deal…but not sure of the methodology of the site.

Thank you so much in advance.

2

“I think I may have a good lease but humble enough to admit I need help and advice.”

Sorry, but that is a horrible lease. There was a deal on a 430i GC a few days ago, and I believe it’s still up for grabs. Check it out.

1 Like
3

That’s a terrible deal… good thing you asked first.

4

You can’t get lease incentives on a loaner/demo with more than 5k miles so chances are it won’t be a good lease unless it’s discounted over 20% off MSRP.

FYI if you get regular 4 series loaner/demo with less than 5k miles discounted say 17 to 18% off MSRP (new you can do 12% easily) with $3k lease incentives, plus $1k loyalty/conquest, plus $1k OL code, plus $500 fleet/costco/usaa the price is around 419/mo INCLUDING 9.5% tax with about $1800 in TTL due at signing.

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5

Thanks for the feedback, can you please give specifics on the comparison? The one you posted is only for 10k miles and I’m looking for 15k…and curious how the cost differential works.

Thanks again!

6

Can you explain why though? Too much down? Thank you.

7

As others have said it’s an awful deal. Additionally BMW now only provides 3 years of maintenance

8

It’s worth just a few hundred dollars. You could get a much cheaper car like an Infiniti Q50 and come out way ahead even after paying for stuff like oil changes out of pocket.

9

The 10k a year term is just that, and can be easily adjusted to 12k by reducing the residual by 1% and an additional 2% for 15k. So on a $50000 car that’s $1500, or about $45 a month.

10

You can lease after 5K…It would just be a dollar based residual, not % based.

11

Unless something changed this month that is incorrect. The residual is dinged an extra 4% in addition to the mileage penalty. And as stated before incentives don’t apply.