Can someone please assist me with putting together a lease offer for the BMW X1 below? Vehicle is located at a dealership in NH. I am a resident of MA.
2024 BMW X1 AWD Sport Utility
MSRP: $45,655
Miles: 6,135
Residual: 52%
Tax: 6.25%
MF: .003
I don’t qualify for the educator or current BMW owner incentives.
The prerequisite of lease hacking is choosing a hackable car. The new X1 hasn’t been hackable since it came out even for BMW owners. Without loyalty it’s even worse.
Your realistic choices are to lease something more hackable; or, if the X1 is the only vehicle you want to drive, then buy it.
I think the problem comes in how you would define “well.”
If you define that solely based on a brag-worthy low payment that gets you a lot of internet likes, then yes I agree with you that the X1 lease isn’t very attractive.
If you define “well” based on a concept that leasing as a whole, I would argue the X1 is leasing just fine as long as someone negotiates a strong offer given the lease program at the time.
I don’t understand why on a forum that specializes on leases, it seems to be a foreign concept that some people really enjoy climbing into new/mostly-new vehicles every morning. While having a full manufacturer warranty with white glove pandering. And having fun behind the wheel of a sporty ICE car instead of a boring/cheap EV appliance.
I know a lot of folks here think it’s second nature to do some mild recon, prep a car, list it, deal with emailed lowball offers and spam, then manage a in person swap of a vehicle to sell to someone FB Marketplace.
But some people don’t want to do that hassle, so the lease is an easy way to keep rolling new rides.
Said another way, I think there’s utility in this site for those that just want the best (or a really good) lease deal on a specific car. Once it’s been determined those are the parameters in play, I think we can still offer our assistance.
Sometimes the smartest move isn’t in consideration, and the question simply is, how do I get a good lease for THIS car? May be hard without typical threads and signed data, but a target 10%-12% off a brand new car for an older model year at base MF is probably a good place to start. I’d do the calc but need to join a call at work
Yes, I think the first question we can ask when someone posts about a car that doesn’t lease well is, “Are you only interested in this specific model, or are you open to other cars in the same class that lease better?” Can prevent a lot of the back and forth…
Fair enough. Im partial to the deal, not the specific vehicle. So Im ok with whatever brand so long as it offers me something within the realm of what Im happy to drive, primarily as long as the deal is very good.
Thats why I feel the X1 really isnt leasing “well” because I havent seen any great incentives/mf/etc for them for quite some time, or really any BMW for that matter. I recall the golden era somewhere around 2020 where BMW loaner leases were incredible for a time.
Yes, I’ve noticed EV’s are where its at lately!! Im moving from coast to coast in a couple months when the GF matches into a medical residency program, so just cant do an EV but totally would be open to a PHEV, though they really arent leasing anything like the EV deals Im seeing at the moment. Otherwise, your 100% right, EV is the way to go if you can make one work.
appreciate the referral, thank you! Im actually in the South Florida area at the moment. Its looking like I’ll be moving to the West Coast in a few months though. Man, it sure is hard to get amazing deals in SFL compared to what others are posting on Leasehackrs in other regions, especially with our crazy doc fees, etc!
I do have some X1 loaners. The good thing about going from Florida to the west coast is that you don’t have a crazy registration fee in FL and you pay tax on the monthly, so it’ll adjust in CA or WA and in OR, it’ll drop off the monthly.