Hey everyone. I learned about LeaseHackr literally minutes after signing my lease on a new 2024 BMW iX and realized I am paying significantly more than what I see advertised here. Here’s what I got:
I recently began orders to active reserve military duty for 200+ days and have begun seriously considering using the SCRA to terminate my lease early and re-negotiate a better deal. It seems like my situation of saving $400 a month on the same car is too good to be true, is there something I’m missing here?
You normally need orders taking you outside of CONUS in order to use SCRA for active duty.
Not familiar with the reserve activation side of it. Might work for you.
If successful, you won’t get your down payment back. I’ve used SCRA twice, and both lease companies had a dedicated customer service line to help with it
Thanks for the info, I also have been trying to find more specific info on SCRA, but it looks like as long as the lease was signed prior to the reserve service activation (which it was) it should work. I’ll be checking with the JAG office on that. Luckily I put $0 down so I have pretty much nothing to lose.
I am just wondering if the price I’m seeing advertised by these lease brokers is realistic out the door, ie. actually paying $814/mo. I don’t think it’s worth the hassle if the price ends up getting jacked up from hidden fees similar to what you get from dealers.
Your deal doesn’t look that crazy expensive. You are getting 6.5% off instead of approximately 8%. Also you have a 12,000 miles/year lease and you are including the 4.5% state tax rate. Most of the deals you are seeing are for 7,500 miles/year and no taxes are included in the quoted prices. Seems like it’s about $150/month difference.
It won’t be $814 a month on that MSRP; that’s why I don’t advertise the base MSRP since there are no base cars at $88,000 with zero options. I’m more concerned about that crazy MF. Once they started the $9,900 in incentives, the MF was 0.00111. There’s no way to mark it up as high as the MF you’re using unless you have poor credit. The deal I have now is about $280 a month less on the same MSRP than what you posted, just to give you an idea.
