2020 BMW M340i - Did I Just Getting Offered a Steal?

sedan
bmw
#1

Hi All, I visited a BMW dealer in GA here this week and saw that they had two loaded M340i’s. One was priced at $67k and the other a $63k. I worked a little bit with him, but he gave me the following deals…

$67k M340i 36/10k
$67k - MSRP
$11k - Discounts
$56k - Sale Price


$60k - Sale Price + Taxes

$3.7k down = $690/mo.

$63k M340i 36/10k
$63k - MSRP
$10k - Discounts
$53k - Sale Price


$56k - Sale Price + Taxes

$2.1k down = $690/mo.

Which of these makes the most sense. It sounds like I’m getting the better overall deal on the $67k, but I am putting more down.

Thoughts?

Thanks guys!

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#2

I didn’t even know that the new M340i was on dealer lots yet!

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#3

It’s not, op must be confused.
Edit well 3 show up on cars.com but no pics so I imagine they are incoming but I thought it was June July. Guess I read some bad info.

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#4

Some have gotten a few already. Is the discount inclusive of the incentives?

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#5

There’s a port in Brunswick GA so not surprising they got them first

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#6

Sounds like 2018. The 2020 doesn’t exist let alone $10k discount.

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#7

I just checked auto trader, there are some 2020 M340’s on dealer lots. The discount that the OP is being offered sounds pretty good to me IMO considering this car is just hitting the lots.

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#8

If you wait a little longer you could get a better price

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#9

16% discount on a brand new highly anticipated BMW m340i… wow, I can just see the hundreds of LHs running to their local BMW dealers with printouts of this thread, I hope we see some official documentation with the MSRP and discount listed

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#10

16% discount and nearly 800 a month effective payment.

Great discount, average payment.

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#11

Must be a crazy inflated MF or crazy high residual. Who knows, this is an entirely new model by BMW so its bound to have something out of the ordinary. With such high payments even after 16% off, seems like an ideal candidate for purchase and not lease. May come out ahead after 2-3 years.

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#12

!

Here are the worksheets…

He asked me my opinion on the quotes so he clearly is willing to go lower if I am to work a little bit for it.

How should I approach this?

Thanks LH’s!

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#13

A “crazy high” RV would bring the payment down.

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#14

Is the cash down cap cost reduction or DAS?

Is GATAVT government tax?

What RV and MF are they using for you?

I would bet good money they’ve maxed out MF on this deal.

On the surface, the discounts appear good… but somehow this deal is probably average at best.

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#15

Not sure how this is a steal…this is M3 money

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#16

How should I approach lowering the MF?

What should I really ask them?

Thanks for your advice - I’m not as fluent when it comes to MF and RV…

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#17

You ask them: “What is the money factor and the residual value used for each deal?”

Base MF is .00177 and the RV should be 60% for a M340 at 10k miles a year.

If the dealer MF is different than .00177 then just ask them for base MF (assuming you have tier 1 credit).

The RV cannot be changed.

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#18

Ok cool. That makes sense. Thanks StingerTT!

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#19

This is how I found the information for you.

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