2022 BMW M4 Convertible Socal

Ask the Hackrs
1

First time posting a topic for discussion, but wanted thoughts on the below lease deal. Seems terrible but I am still used to pre-covid pricing.

2022 BMW M4 Convertible
MSRP: $92,430
ADM: $2,500
MF: .0024
Term: 7,500/36
Trade in: $11k (including $4,900 MSD on a previous lease)
Residual: 56%
Payment: $1,511 (with tax)

Any areas you recommend to press to lower payment? Buy rate is .002 so maybe some wiggle room there. Any wiggle room on residual factor, seems low?

Lease hackr calculator: CALCULATOR | LEASEHACKR

2

Are you saying $11k in trade equity AND $4900 msd rolled forward?

3

no the $11k includes the $4.9k. So effectively $6.1k in trade equity. Its a 2020 bmw m4, 11k miles.

4

@IAC had one 6% below msrp I don’t know if he sells to the great sunshine state tho :slight_smile:

Edit: it’s sold

5

Any reason you’re trading in this car? On the new deal, you’ll be paying $65,396 [$11k + ($1511 × 36)] to only drive 7500 miles per year.

Not sure how bad you need a convertible, but if I were in your shoes I would pass on this deal. Why not buyout your current car and keep it for a couple of years? What’s the RV?

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6

Almost $3/mile for an M4!?!?!?!?

7

Thats definitely the sensible option to buy out current car. I see the 6k of trade in equity as a result of inflated prices so didnt count that as part of my total cash out (not right but mentally how I saw it).

8

We have M4 convertibles available no mark up in CA.

Edit: Tell you what we will do $1k off MSRP on it if you do it today… SOLD

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9

Paying 65k to drive a 95k car for 22.5k miles and 3 years is just ludicrous

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10

Would say it’s closer to $60k since the positive equity in the lease is only going to start declining every month extra you keep it. But agreed, first thoughts were this is a terrible deal.

11

Fair enough, total cost of ownership def lower if you buy it tho

12

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