Hi Guys,
I am new and want to lease a BMW 330e. The dealer quoted me $598 (tax included)/month, 36/10 lease with $5k down, no hidden fee. Is it a good deal, or what is the best value in this situation?
You need to take this, put in the calculator using this month’s base MF/RV and see how you did. Your discount, if not including incentives (if any), isn’t horrible for this market, looks about 4.5% off.
If you get base MF, push for another point on the discount before incentives, then you have what is probably a not horrible deal, again, for this market.
Thank you, sir. Do you think I can get $550/month(tax included)?
that’s a horrible deal, a casual search in market place turn up cars that are $$$ less.
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I’m not doing the work for you.
You need to take the inputs you have, put them in the calculator, and see where you’re at.
They could be marking up the money factor and what you have now is total nonsense. You can get RV/MF from the Edmunds Forums easily.
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For Example. Literally 5 posts before your post.
What is the MSRP of the car? All I see is the dealer’s price and the rebate from your deal sheet.
I didn’t even realize that might not be the MSRP. Whoops.
The total MSRP is $47,630.
If that is the case, they are selling you the car at MSRP.
- That’s your best bet, IMO.
Use a broker. Would be your easiest/best shot right now.
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It is practically impossible for us to tell you what a “good” monthly payment is for your specific lease as lease programs are highly dependent on region, personal qualifications, tax rates, etc.
We always recommend the following method before you ever contact a dealership. If you do all of the work up front, you’ll have a stress free dealer experience and set yourself for success.
- Read Leasing 101 (EDITORIAL | LEASEHACKR) to understand how to calculate a lease payment and the variables. Monthly payment is an output, not an input!! While you’re at it, be sure to watch the LH video (How to Use Leasehackr - YouTube) to brush up on how to most efficiently use the resources here.
- Pick a specific vehicle that you want to target
- Gather the current MF, RV and incentives from the LH Calculator - Lease Program Query or Edmunds forums for your zip code
- Research the LH marketplace and other deals that have been made recently on your vehicle - what was their pre-incentive discount? How did their lease terms differ?
- Plug your numbers into the LH calculator (CALCULATOR | LEASEHACKR), and use a pre-incentive discount similar to what you have seen
- Create a target deal, this is what you’re trying to negotiate to. You can try different terms, selling price discount, etc. and see how your monthly payment is affected. It is also possible that different trims of your vehicle may have different MF and RV (i.e. this is very common with GM), so make sure that you look into that. Come up with a set of inputs that give you the output that you want - your desired monthly payment.
With a target price determined, you now have a deal to pursue and compare dealer offers against. More importantly, you have a solid foundation to work from.
I have to agree, its not a great deal, but honestly, Ive been seeing a lot worse than this by $400 more a month. I put 5k down on my 3 series when I leased in 2018, and I ended up paying $333.13 a month, but had the employee discount too. If you can afford that monthly payment, Id go for it! Who knows where we will be in 6 months to a year. Wait till December 27th to buy this car, and I bet you can get a bit more off!
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