Are too many newbies expecting a unicorn-type deal?

Broker spreadsheets are a terrific baseline.

3 Likes

Hereā€™s another

Member for over a year.

Have spreadsheets and BMW threads out there. All cars are on there.

This ā€œfeelsā€ like a message thatā€™s going to every broker out there. So, this is probably one I will not respond to.

Youā€™re probably right for the ā€œrealā€ good broker postings but then we get other ā€œthese are the best deals possibleā€ & ā€œwonā€™t last longā€ postings which are near the other spectrum of a good baseline. (Weā€™ve had few in recent weeks)

And individuals would have to do the legwork to weed out those ā€œnot so greatā€ dealsā€¦

Oh totally!

I just think the broker spreadsheets are a great baseline for new users to understand what a good deal looks like :slight_smile:

2 Likes

We both got slapped by that one :skull_and_crossbones:

1 Like

As a new LH user (but not new to leasing), I can differentiate between every day deals and unicorn deals.

Even before joining the forum, I did a lot of reading/research on different deals posted and what percentage off MSRP is reasonable and possible. Using BMW as an example, 10-12% on a new car is what most brokers post in their spreadsheet. There might be bigger discounts on 7 or 8 series here and there, but if I were looking at other models (X3, X5, 3 and 5 series) that will be my baseline.

I am not going to disagree that some folks believe they can get a bigger discount on a new car (say 15% off), 'cos they saw someone post their deal in the ā€œsignedā€ section.

1 Like

Yah, but that makes you different than most of the newcomers (or even people that have been around a while)

2 Likes

Exactly as @mllcb42 saidā€¦you did the legwork and that sets you apart.

This is about users who donā€™t do the needed legwork pre-signing of the lease or joining the forum but expect the deal to be as good as an experienced LHckr and not understanding the effort needed to get the ā€œunicornā€ deals.

The other thing I see a lot of are people blindly going to the dealer and asking for a price and then being shocked that the dealer didnā€™t quote them a unicorn deal out of the gate.

6 Likes

Yup, this is the one I had to fight with a lot on my last deal. Being in CA, specifically the Bay Area, getting some of the deals Iā€™ve seen here is damn near impossible or such a time suck that it isnā€™t worth it.

I understand why the brokers may need to get an up front deposit/retainer. It takes time to put a deal together. So, I understand the frustration when a broker puts together a deal that meets the clients prerequisites and they ghost him/her, bail on the deal, or act like a jerk when they get to the dealer to sign. Iā€™m in the architecture field, and I donā€™t start any design work until I get the non-refundable deposit to make sure they are serious about proceeding. Only had 1 client not follow through with final plans after deposit has been paid. So itā€™s understandable that brokers may need that.

1 Like

Man I feel lucky that all my deals have just been right place right time things that required little to no effort. Just gotta be willing to jump on a deal when itā€™s presented.

You are in the minority. Some folks will keep grinding for an extra $5 off per month.

1 Like

The other thing that is really frustrating is when people want to add options and residualize them or remove options. People need to understand whatā€™s on a window sticker is exactly what comes with the lease and must be returned with it.

For some reason Toyota doesnā€™t always include Bedliners on a $50k truck. I can get them added for $3-400. But that makes the payment go up $15-20/mo. For some reason they just canā€™t grasp that concept.

7 Likes

Appreciate all the comments from everyone. Being on LH is an ongoing learning experience for me.

i know exactly who this is. guy has hit me up w/ random messages for months. i havent replied in forever. pure tire kicker.

1 Like

Please can you start a thread with screenshots of direct messages that you get :rofl: I am sure a lot of people will have a good laugh.

2 Likes

Lol I know itā€™s poor form

I just wanted to give some example is all.

Thanks for the great discussion. I am a new member but following the page for quite a while. I am not in the market (q3 2020 lease ending) but i would bet itā€™s safe to assume when engaging a broker, for the best possible experience would be for me to pay the broker fee upfront. Even if I canā€™t get the deal today, a broker would be on the lookout for the right transaction when timing is right. Itā€™s only logical!

-RS
Florida

Can someone actually document a Unicorn deal? there are many variables as I can see across this entire post.

For me, I leased a 62-65k e class at the end of the 2016 model year, got 15% off MSRP and if I recall like a 59% residual. I paid 9 MSD and had a payment of around 510 (i paid taxes up front but in hindsight would have been cheaper to roll in). My rent charge, and this is my #1 criteria - was like 460 for three years. People get caught up in lower payments but I refuse to pay a high rent charge. So less than 1k is my goal. I tried something similar with a 7 series, but that was a joke. Iā€™t was like 8k of rent charge and that to me is throwing money away. again YMMV.