Would you take this deal? The discount is effectively 13.7% and a $1,335 monthly payment, and the “goodies” that are included with the car are all attractive – I’m just not sure with the accident and the mileage. Dealer is not budging on any additional discount. Thanks in advance.
I don’t think this is a thing, there isn’t a comments section a BMWFS lease contract
All this being said, another member here seems to have lined up similar discounts on new ones.
If we take the fact that this is being leased out of the equation, this car is worth whatever a 2023 M5 with 7k miles and an accident on the CarFax is worth. If that is a lot less than the current discount, there should be more room for you here.
Makes sense. I can look up (i.e., KBB) what a 2023 M5 with a 131k MSRP and 7K miles is worth approximately — however, I’m not sure how much to “devalue” the vehicle due to the accident.
I think at 113 you’re pretty close to dealer trade value on a clean car, it’s the accident that you might want to leverage (depending on whether or not you’re willing to lose this deal).
Years back I got a deal on a 440i with an accident. I would suggest in the course of negotiation that you are “very happy with the deal provided thus far, however I am really leasing this car with the intention of buying it out, but I’d like flexibility. I appreciate what you’ve done for me so far but I am concerned about being upside down even at this discount given the accident on the carfax”
Not sure how the two are comparable. Also, the M2, if you can get one, will lease for maybe a couple hundred dollars less than what the OP was quoted (on a car 1/2 the price). And the M2 comp has not been released yet.
Quick update: I attempted to negotiate further due to the accident on the carfax, but was only able to squeeze an additional $700 from the dealer. And even this amount required me to “play the game” and go back and forth, make them reasonably believe that I’d be willing to walk away due to the accident. They offered the $700 off and put their foot down with a hard stance that they are all in.
I don’t know (and will never know) if I could’ve gotten a better deal due to the accident - I was likely too late in the process to negotiate in a compelling way.
It’s highly likely that I’ll be turning the car in after 36 months (or perhaps transfer it to someone else after 12 - 16 months), so I opted to take the deal.
