Hi, I’m currently looking to get out of my BMW X4 m40i lease early (12 months left). I have about $6900 in equity, really low mileage. I’m shopping i4 xDrive40s and all my local dealers are marking up the MF. Edmunds says it’s .00190, all 3 dealers are giving me .00250. Any ideas how to get around that?
Tell them to stop jerking you straight up
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Focus on a target deal and how you got to said deal. If the overall deal is the same then MF markup is irrelevant
I have been getting from 0.00265 to 0.00295 (6-9% relative APR).
Already quoted by my credit union for financing 5.71.
Been a struggle to get deals moving.
Exactly. Markup doesn’t matter if they’re discounting it more.
Might be easier just to ask for 2% discount to offset it.
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Post a LH calculator link showing us what your target (payment and DAS) is.
Here you go, I think I did this right. I posted a screenshot of the dealer deal without the trade.
No trade deal - CALCULATOR | LEASEHACKR
With trade - CALCULATOR | LEASEHACKR
Who cares?
Set your target deal based on buy rate, and if they get there with a marked up mf and commensurate discount, it is better for you anyway.
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It’s a pretty terrible lease, even at buy rate anyway. The play here is a lease buyout and finance. You should be happy trading discount for MF. Would also suggest you waive the acq fee.
This is your target? You want to pay $34,000 to lease a i4 40?
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