BMW 330i loaner lease deal

Ask the Hackrs
1

Hi all,

I am currently in a beyond terrible lease on a Mazda3 ($7,500 negative equity) with 40 months left on the lease at $362/month. The thought of driving that car around for 3 more years is just not something I would like to do. I’d like to get into a 3 series instead, and am in a financial place that I can put some money towards getting out of it and into a new lease instead for a car I’d be far happier driving for the next 3 years. It’s a shame I didn’t find this forum BEFORE I signed that lease but hindsight is 20/20.

MSRP: [$44,975]
Selling Price: [$36,981] ($4500 incentives - lease cash and loyalty)
Months: [36]
Annual Mileage: [10,000]
MF: [.00056]
Residual: [61%]
Total Due At Signing: $5000 total drive-off
Monthly Payment: [$450]

This car has under 4863 miles on it. I actually had been looking at another car with similar specs that showed 4992 miles online but unfortunately now has 5299 and can’t be leased :confused: I’m trying to get the selling price down but he won’t seem to budge - says their max discount off MSRP is 10% and then incentives.

This specific deal is on a 330 loaner and has most of the options I am looking for - definitely would like to find one with comfort access and blind spot indicator if possible though. He has more loaners coming in this week so we are going to see what comes in and keeping this car as a backup in the meantime. Thanks so much all, if there is a broker that would like to step in and help me finish this deal please feel free :slight_smile:

2

This a 2018?

If it’s a 2017 you can’t lease them anymore.

That said, does the deal include rolling in your negative equity? That’s equal to adding $210 to your payment. Combine that with your $5000 in driveoffs, looking at a payment of nearly $800 or $28,000 spent in the next three years…

3

It’s a 2017. I asked about not being able to lease 2017s anymore but he is still negotiating with me and going back and forth so I’m not sure what the deal is there.

Yes, the deal includes rolling in my equity.

4

I have a feeling he’s a CA that just doesn’t know about the new programs since it was rolled out 2 days ago. Once the deal got to a manager or the finance manager they’d shut it down. Either that or farm it out to a third party leasing company that’ll make it even more unattractive.

Have you actually looked at the car? A $44k 3-series sounds like a suuuuuper basic car, or a 320i with options. 110% not worth an effective $600 a month payment.

The smart thing would be to just stick with the Mazda for a year or two, and hope that the negative equity gap slows. Did you do a 48 month lease?

5

Yeah I did a 48 month lease and it was pretty stupid… :confused: I think I just thought I would like the Mazda a whole lot more than I did.

If I signed a new 36 month lease, it would be up 4 months sooner than my current lease, so I guess there is some of that money being saved/put toward the new lease instead :slight_smile:

6

You can definitely do better than 10% off msrp on a loaner, heck you can get that on a brand new one already