Took some time to make this deal happen but lease is signed and car is in our garage. My wife had a 5 series which they took off 3 payments and depo fee. Also her car needed 4 tires, all wheels were badly rashed and front and back bumper were damaged. All damaged were waived. Overall very happy with the deal!!
Hi, new to the forum and really appreciate all of you and your time! I’ve been debating between the porsche cayenne, RRS and bmw m550. I know, not the most intuitive comparison.
So here is where i am now after extensive research and back n forth with dealers (located in DC area btw). 2017 cayenne’s are scarce and the RV has plummeted in Dec. not much discount on the '18s and MF is steady at 0.002. So, not many deals and the 1% rules seems impossible on the car. The absolute best quote I got was on an '18 cayenne platinum at $960/mo with $0 down (74k msrp).
The RRS has too many tech issues which will be improved in '18 but I can’t wait much and dealers aren’t discounting '17s much. That brings me to the M550. Love the car and the engine! But not seeing any strong deals. Most dealers in my area start at 0.0019 on the MF and are not willing to discount the car much (yet they’re okay discounting the 540 10%+). I’m trying to stay below $800/mo with $0 down. Any recommendations on how I should negotiate or dealers/POCs I should talk with?
It depends on the incentives you qualify for. For example, if you’re a former F10 owner or lessee, there is a $2k loyalty credit + $2k in holiday cash + $1k in Corp Fleet + $1k in the northeast certificate = $6k in rebates.
Then if you get that $81k car at invoice (eg 6% discount) + the $6k in incentives you’re at $70,140/81,000 = 86.5% (or a discount of 13.5%).
I know a dealer that has sold the M550 under invoice before incentives, so a deal can be made, but this is the month to do it.
Thanks for your feedback. Rkinra, I’ll respond to your PM - thanks! If I can’t get the m550 within my budget I’ll settle for a 540 M sport. But I have seen where dealers voluntarily are offering the m550 for about 8% off. BMW of Towson has one with MSRP around $77K and advertised sale price at $72K. The main challenge I’m facing is trying to get them to offer an aggressive discount and the base MF. They don’t seem to be willing to do both. All dealers in the DC area I’ve interacted with (Sterling, Fairfax, Alexandria and Towson) say they’ll discount the car but the MF will be 0.00192!
Update folks. Have an offer, after tons of negotiations. $79K msrp with 9.5% off sticker and $4K in rebates and 36/12. Payment is $777/mo with taxes and fees upfront. Should I pull the trigger?
