2021 BMW m340i Loaner Lease Help

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1

So currently looking at a 2021 BMW m340i loaner from a BMW dealer near me. The dealer has the MSRP at 65,420 with a selling price of 57,667 with 4,500 miles on it. Would it be possible to negotiate this car to around 550 per month on a lease? Or is that wishful thinking.

Update:
The vehicle will have around 7,000 miles on it. What type of price sounds reasonable for this car?

2

Post a calculator so we can figure out how much discount you need to be at $550.

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3

You can definitely get to that number. You can get to any monthly you want, in fact.

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4

First time leasing here so not exactly sure how to haha. I know I would have loyalty but that would be it. other than that it would just be whatever I could put down.

5

We always recommend the following method before you ever contact a dealership. If you do all of the work up front, you’ll have a stress free dealer experience and set yourself for success.

  1. Read Leasing 101 (Blog | LEASEHACKR) to understand how to calculate a lease payment and the variables. Monthly payment is an output, not an input!!
  2. Pick a specific vehicle that you want to target
  3. Gather the current MF, RV and incentives from Edmunds forums for your zip code
  4. Research the LH marketplace and other deals that have been made recently on your vehicle - what was their pre-incentive discount? How did their lease terms differ?
  5. Plug your numbers into the LH calculator (CALCULATOR | LEASEHACKR), and use a pre-incentive discount similar to what you have seen
  6. Create a target deal, this is what you’re trying to negotiate to. You can try different terms, selling price discount, etc. and see how your monthly payment is affected. It is also possible that different trims of your vehicle may have different MF and RV (i.e. this is very common with GM), so make sure that you look into that. Come up with a set of inputs that give you the output that you want - your desired monthly payment.

With a target price determined, you now have a deal to pursue and compare dealer offers against. More importantly, you have a solid foundation to work from.

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6

Post the incentives you qualify for, money factor and the RV. I will give it a try. That selling price is with incentives or not? Do you know the dealer fee? What’s your tax %?

7

So I dont have the MF and RV but I post on Edmunds to hopefully find that out for my zip code. I’m in PA so the taxes would be 9%.

8

So it’s 00093 MF and 58% residual
$1500 lease credit. I also will have the loyalty discount. 9% tax 36/10k.

9

Fix your gov and dealer fees, you are good to go.

I put loyalty as $1000. Double check that too.

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10

@AutoCompanion Do you know what mileage adjustment category M340i fall into?

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11

101010110char

12

Even though they specifically list the “real” m cars by name?

13

This is what I know and verified, I usually don’t do loaner cars at all (not worth in terms of time for us).

14

Interesting. I’m surprised they don’t list those, as that seems like such a ripe opportunity for confusion where as I doubt anyone is really questioning if the M3 counts as an M car. Weird.

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15

What isn’t confusing these days. First time I’ve seen my friends without masks in over a year.

16

I was confused by that part too.

17

This is a stupid question but why is the lease price increasing with more mileage added? Is it saying that you are paying for the increased residual?

18

The more miles, the lower the residual. The lower the residual, the more depreciation you’re paying for.

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19

When a car has mileage over 500, BMW requires a per mile compensation when you lease it.

If you lease a car with 4100 miles, the first 500 are ignored, but the remaining 3600 miles must be compensated for to BMWFS.

If I have a M3, I would compensate BMWFS for 30 cents per mile over 500, so 3600*.3 = $1080 in compensation to BMWFS, you would have this deducted from your residual.

20

So in some ways there are downsides to loaner vehicles?

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