Pre pandemic you could lease one in the low $600’s with less cash down. So in this case, you are blowing $100/month x 36 months = $3,600 because of the current market (this is a low estimate too) hope that helps
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For a custom order or in stock unit?
The broker stated that in Midwest for a build he could get me 6-6.5% at most. He could get me 7% if it was any other place where dealers are able to get those kind of margins by placing large build orders.
I found out from a dealer that the wait time right now is around 6 weeks or less.
I have been shopping X3s as well and even in NYC which is a very competitive market I don’t know why you think anyone will get you an additional $3-4k in this market.
The dealer has limited inventory which is why most brokers are selling builds at a discount. The dealer is able to move these units at or near MSRP right now and brokers are able to leverage high volumes of units, but you can’t expect to get double the discount just because you ask over and over.
The market sucks right now, and likely won’t be better any time soon with the fed raising rates and inflation continuing. I’m almost certainly buying our X5 out of the lease because the same car is 30% more today.
Your feedback is both helpful and insightful. I have some calculations below, let me know if any of them make sense. Also I need to sell my car before its crazy resale value drops.
2018 VW GTI, The car that I currently own (Financed)
Mileage: 24k miles
Purchased Price, Jun 2021: $28000 (On Road)
Remaining Balance on Loan: $10000
Resale Value, Mar 2021: $22000 (Carvana)
Resale Value, Dec 2021: $28000 (Vroom)
Breaking even no Profit no Loss. (May be a little loss for the small interest I paid on the loan)
If it wasn’t for the crazy pandemic market, I would be down $6000 or more on my current car. With that in mind, I was planning to bite the bullet with the most discount I could get on the 2022 BMW X3. I am planning to finance it and sell it after 3 years in hope of making it a better deal than leasing right now. Correct me if I am wrong if I should go with a lease instead.
2022 BMW X3 xDrive30i
Missing Options: Dynamic handling, M package.
MSRP (w/options):$50940
Discounts: 6.5% on MSRP from Broker.
Incentives: $1000 from BMWFS. (I will have to check with Broker if $1000 incentive is part of 6.5% or in addition to that discount)
On Road Price: $50790 (after TTL and Discounts, without $1000 incentive)
I am planning to finance it with BMWFS at 1.9apr for 60 months and sell the vehicle after 3 years.
Scenario 1 (36 months)
Depreciation: $16300 (32%)
Residual Value: $35000
(2019s are selling for this price currently but it might go down in few years. Not sure by how much)
Out of Pocket: $453/month
Scenario 2 (36 months)
Depreciation: $20000 (39%)
Residual Value: $31300
Out of Pocket: $556/month
Scenario 3 (36 months)
Depreciation: $21600 (42%)
Residual Value: $29700 (Is this a realistic resale price after 3 years or still needs to be lower?)
Out of Pocket: $600/month
Scenario 4 (36 months)
Depreciation: $25470 (50%)
Residual Value: $25320
Out of Pocket: $703/month
How long do you think I should wait to still get the same or better resale value for my current car while getting a better deal for the New X3? I am not interested in buying any other vehicle at this point.
You should definitely clarify your terms here with the broker and for your benefit moving forward.
The discount is not an incentive and the incentive is not a discount. These are separate things. One is a discount that is being offered by the dealer, the other is coming from the manufacturer and applies no matter what dealer you go to.
Oh ok, makes sense. I might have mixed up the words. I will updates it now. But going by what you said, there might be a chance that the $1000 incentive from BMWFS might be in addition to the 6.5% Discount offered by the broker. Either ways, I will find out and clarify this.
So that’s what’s driving this insanity.
You need to get this “sell my GTI now!!” worm out of your brain.
This $6,000 is going to be chump change compared to what you’ll lose on the X3
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We can’t answer that question for you.
Yes, that’s how it started. 
If you are basing this whole transaction on the 6K equity make sure that the cash offer you got in December hasn’t changed. People seem to be getting lower offers in the last 2 weeks.
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