First time looking to lease a BMW, was looking for some advise on what is realistic target for the 2019 X5. This is the first deal quote I’ve received. I know there is probably room to move but would like some advice on realistic numbers. Thanks
13% on an X5 demo is a good starting point. I would try to push to 16-17% with a realistic target of 15% - with base MF (0.00128). If they insist on marked up MF, I’d insist on a further selling price reduction to offset that. Your negotiations and interactions with dealers will show you if this is attainable in your region or not.
X5’s are leasing pretty terribly right now with the low incentives, so unfortunately there’s no escape from a (relatively) high monthly.
Thank you for this, do you think I should just hold off and wait for December to roll around? Maybe they will be more willing to negotiate to hit end of year targets?
3 days left in the October…if you can hold off, you have all the power and no better time than now to make some aggressive offers to regional dealers and see if someone will bite. If not, maybe next month or in the following couple months the numbers will get better or someone will do the deal you want, but who knows.
All we can say is that you have an offer in hand that’s good, not great, and can probably be improved with some effort.
So I got a new quote and even with 20% off, I think it’s too high. They must be marking something up because their monthly payment with zero down is close to $790. I don’t think there is enough information on this sales form to figure out what is being marked up but I would think the payment would be closer to high 600’s?
This is the third or fourth hyper aggressive deal on X5’s I’ve seen cone out of that dealer regarding sale price. Can you get a conquest incentive or no current auto?
Yup, I believe I can get the 750 conquest that isn’t currently shown. Assuming the MF and RV I got from edmunds, I was getting closer to 690 per month. So there definitely is some markup. I’m pushing for 25% discount which is tough but I know dealers are trying to push the 2019 off the lot and I’ve already received a few 20% discount offers. I feel like my timing is off and if the cars are still available by end of month or end of year, I’ll have a better chance at getting the discount I want.
Best of luck with 25%. I don’t know of any dealer blowing their brains out on a G05 X5 to that extent on anything but a repaired or checkered history car…
Yes, its very close but unfortunately this deal took too long to come to this point and I closed on a Lexus RX for my wife, but I was considering leasing this for myself but just a little higher than what I wanted to make it work