The initial deal offered to me was $872 per month with taxes, with a MF of .00225. Make of that what you’ll.
Then got offered another $2500 in discount, which brought the lease down to $756/month, which still looks bad to me. What do you guys think should be the ideal amount for this?
It would do you good to look at all other BMW deals on here so you can learn all of the numbers that you’re missing and also get to know what makes a good and a bad deal. Currently, you’ve got a pretty shit deal. Here’s something else to read: BMW Leasing Wiki
Lastly, if you want to skip to a decent deal, just go to the broker’s forum and pay one about $400 fee to get you a much better deal.
Clearly, I got a shitty deal. But I had no idea I could get this car in $450/month range. Can anyone direct me towards a tried and tested broker here as I’m pretty sure I won’t be able to bring down the sales guy from $750 to $450 on my own
I thought dealers can’t mark up MF more than .0004? With the current base rate, that should mean a max of .00185. Maybe someone can correct me if I’m wrong.
.0004 is the max BMWFS will allow, but the dealer can be quoting for Tier2 or lower credit or they can be waiving the acq fee. That’s why OP needs to get more info.
The dealership has offered me $6500 in discount on top of $5500 in lease credit & $1000 college grad discount. Monthly lease amount down to $598/month including tax with a down payment of $2000. Should I take the offer??
I don’t like the marked up MF, and you probably could have pushed for more discount. But since the contract is signed, enjoy the car while you have it!
I got the base MF of .00145, don’t believe you can get lower than that at BMW. I did reach out to a couple of brokers here, who quoted me $640+ on a $70K MSRP car. However, I was able to get $14K total in discounts & rebates, which brought my lease to < $600.
P.S- I wasn’t eligible for $2500 loyalty credit & was able to secure $1500 more on my trade in than they initially offered