Hey all, see the attached offer sheet. What’s not accurate in the sheet is that the car is in an active loaner status with about 9,300 miles on it right now. It has the minimum set of packages I want (Premium, Driver Assistance Pro, Parking Assistance Pro), and I’m good with the interior and exterior colors.
My trade-in value is there at 23k, but I think I can get better.
Am I getting a good deal with a 51.7k balance to pay?
Thanks!
you have two battles, the fair price to pay for this loaner, and fair price for your trade in.
You also need to figure out the APR you can get for car loan, talk to your bank, CU etc.
This forum is mostly leasing. My 2 cents
If you have top tier credit you’re better off financing a new one at the current promo rate of 2.99.
We could probably get you the same discount on new one tbh.
Don’t take this deal.
I should’ve stated in my original post that I intend to purchase outright and not finance.
First, it looks like you are getting low-balled on your trade. Have you gotten other offers?
You’d be better off financing for a bit if you have loyalty/corporate. The 2.99% rate is so low, you can finance a minimum amount and capture $1,500 in rebates. You can pay it off in 3-6 months and no harm, no foul and very little interest paid.
10% discount on a loaner seems awful when brokers here are getting close to that for new vehicles.
Price your trade in on carmax/carvana/algo and use the highest offer to compare the trade value (plus tax incentive). That should be your floor for the trade in.
Yep, minimum for BMW used to be 8000 I think so I would do that much at dealer…and then immediately set up account online and make a large payment leaving like only 3-4 payments balance behind to pay even lower interest overall… but meet the 3 month term the dealer needed to get his spiff.
