I’ve been talking back and forth with a local BMW dealership here and it’s been pretty straight-forward and been a solid experience thus far. But I’m trying to figure out the terms of this lease and how they’re getting the numbers versus what the lease hackr calculator is saying, there is is quite a discrepancy.
The dealer is quoting me this lease deal
BMW 530i
MSRP: $57,210
Sale Price: $51,910
Additional $1,000 off sale price promo
3yr 10,000/mi
$5500 Down Payment
Risidual: $33,182
The dealer is claiming the monthly payment will be $590/mo however the calculator is stating it will be ~$716 /mo. Also here is a link to the calculator.
What am I missing here, I’m new to leasing and am curious if there is something glaring I am missing here.
Thanks for the honesty. I really do appreciate it. I’m new to leasing so really trying to not get bent over here.
I was thinking if I could go back and switch it to an M340i and get a similar deal if that would be ideal. The M340i has way more amenities and a similar MSRP, so the car will not depreciate as much as a base 530i, would that be a smarter decision?
Edit: also, do you think it’s just the sign of the times with the current auto market which is why deals can’t get much cheaper?
Good question. I was liking something larger and more comfortable, however if you compare the two cars 530 vs 340 they have similar leg room and headspace. The 530 does have more trunk space and but that’s really it.
I would really love to get into something larger though, but the m340i if that’s my option would seem to be the route to take just because a 530 doesn’t have half the options the m340 has. (Tech package, Harmon Kardon, etc.)
I don’t really understand your rationale. Any feature you can get in a 340, you can get in a 530 basically besides the motor (which would be more comparable to a 540 I guess or a 550 if you want to get crazier) and then some extras like massaging seats.
Ya I guess most of the larger part of the 5 series is in the rear and trunk but it’s still a different class/size car and you’re talking about it like a 340 is more well equipped than a 530 which isn’t necessarily true.
I guess, if I wanted the features I want in the 540 the price jumps to numbers that I can’t even entertain.
A 540i MSRP is $69,805 for one on the lot here. And the 530i which I was entertaining didn’t have much on the spec sheet, so thats why I thought maybe pivot to a M340i which is on the lot, same MSRP as the 530i and just a lot more car for the dollar.
I know we can order 530’s with all the amenities that a 340 has but, I’m just speaking for what hand I’m being given right now.
I really do appreciate this convo, this is all a learning experience for me.
OP whatever you decide you should sort out the terminology, your calculator shows $5500 down payment which I have a feeling is drive off from the dealership. Also buy rate money factor is hard to come by in northern California.
I have a large sedan fetish, but I’d take an M340 over a 530 about 100 times out of 100, even though the 3 Series feels like a clown car to my 6"2" man-body.
Of course I also have an acceleration fetish, which overrides most of my other kinks.