Hey guys, im new to leasing. I do own a business which is why i think this is the best route to take in my scenario.
Im looking to configure/order and lease a 2022 BMW 530e xDrive M Package + some extras. MSRP as built on BMW site is $63,790.
What MF, residual, and lease credits should i expect? (36/10k) My zip code is 07513.
I know that this vehicle qualifies for a $5,836 federal tax credit if financed, but im not sure if the dealer will factor this into the cost if i lease…
I’d appreciate any help you guys can give me as this is my first time leasing! Thanks!
Welcome! We recommend leasing 101 in the top right corner. MF,Residuals and rebates aren’t published here, instead google forum, Edmunds, 5 series and register to ask for them.
Phev rebates can be passed to leases, but right now bmw does not pass them.
So guys, what is a reasonable price for this car? I dont see prices coming down any time soon due to all of the craziness and shortages… I want to make my move sometime in 2022 but dont want to make the wrong one.
put numbers into the calculator and see what a target deal would be today at msrp
If you had read leasing 101, and the BMW wiki, you would learn about PenFed (which requires 60 days of membership to be eligible for discounts). There probably won’t be any BMW drive events in your timeframe to pickup an OL code for that discount.
We can help sanity check your target deal, but you have to put it together.
It is practically impossible for us to tell you what a “good” monthly payment is for your specific lease as lease programs are highly dependent on region, personal qualifications, tax rates, etc.
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.
Read Leasing 101 (EDITORIAL | LEASEHACKR) to understand how to calculate a lease payment and the variables. Monthly payment is an output, not an input!! While you’re at it, be sure to watch the LH video (How to Use Leasehackr - YouTube) to brush up on how to most efficiently use the resources here.
Pick a specific vehicle that you want to target
Gather the current MF, RV and incentives from the LH Calculator - Lease Program Query or Edmunds forums for your zip code
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?
Plug your numbers into the LH calculator (CALCULATOR | LEASEHACKR), and use a pre-incentive discount similar to what you have seen
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.
