Typically how much are people getting off MSRP for these? I know that if they’re under 5k miles you still get full residual. I’m trying to get a 2 series decked out (between 40-45k MSRP), base money factor, etc. Just not sure how much to aim for off MSRP.
would be very hard to find a loaner 2 series.
FYI - the 2 series is a horrible car to lease. The lease cost to MSRP is very bad for that car.
I would suggest looking for one on swapalease or lease trader.
Can you explain why the lease cost to MSRP is very bad for that car? Is it worse or the same vs 3 and 4 series?
Appreciate your response.
the 2 series is somewhat of a specialty car. It’s not a mass market car so BMW doesn’t “inflate” the money factor on it the way they would do it on a 3 series or a 5 series which are BMW’s bread and butter cars they sell a lot of.
I’m not sure about the 4 series, I’ve seen some people on here getting good deals. Might be better than 2 series but worse than a 3 series. The 6 series for example doesn’t have good leases either. Just not a mass car, whoever wants one isn’t as price sensitive and willing to pay.
I had a 228i myself. Very fun car to drive like a go-kart, but was too small for me for daily use. I also felt it being somewhat of a “girl car”…most 2 series in my area are driven by women.
If you want somewhat of a “deal” your best bet is to take over someone’s 2-series lease who put some money out of pocket.
Just to give you an idea, a base 228i with an MSRP in the mid $30,000s is usually in the $500+ range with basic inceptions. You are looking for a loaded one, you’d be more in the $600 range for a ~$40k car…it’s just not “lease hacker” material. But if you LOVE the car and are willing to pay for it, go for it.
Interesting. Yeah I’m talking to a dealer who may give me 8k off a 42k MSRP loaner with sub 5k miles. We’re at $427 monthly $0 down. I’m in Texas so full amount paid is taxed.
I agree, I test drove the 3 series and 2 series. 2 was extremely fun, that’s why I’m drawn to it. Not a huge fan of the outside and I can agree with you there.
That’s that pretty good deal for a 2 series, especially in TX.
If you are after fun, you may be able to get an Alfa for this kind of payment.
that’s strong for a 2 series.
how many months and how many miles?
What’s the total inception?
36 months 10k per. $0 down. Fees and taxes rolled into monthly. Just first pmt due. The manager hasn’t signed off on the 8k off yet, but shouldn’t move the monthly too much. I’ve seen new 2 and 3 series go for 6k off MSRP. (2017 models)
this is current “offer” on BMW’s website:
and that’s on a car with a $37,795 MSRP.
If you rolled the $4084 into the payment + tax you’d be in the mid $500s on a new car with less equipment but newer engine.
Now granted, that’s not anything negotiated but you’d still prob looking at around a $500 payment for a car with less MSRP.
@305Hackr Again, I’m negotiating 8k off MSRP. Residual value isn’t impacted on loaners sub 5k miles. It’s roughly $30 a month per 1k in extra cost or savings. If you did 6k off new, you’d be at $485 a month on 42k MSRP for total cost. $0 down.
The key is getting $ off MSRP since your residual value is set. 1k vs 2k off MSRP changes the monthly about $30. So an extra 3k is $90 a month less.
@leaselife23 i understand what you’re saying, i provided the info strictly for comparison.
I’m well aware that the only factor you can affect is the % off.
People on this forum would prob. say “try to get 20-25%” off MSRP on a demo BMW. I personally got 24% off on my loaner. My friend got the same exact car and wasn’t able to get more than 20%.
The only way to really find out how much you can get off is to get other quotes from other dealers. Of course that’s not as easy on a 2 series than it is on a 3 series.
What region are you located?
@305Hackr No worries, I wasn’t sure if you were saying it wasn’t possible.
I’ve seen higher % off if the loaner is around 9-10k miles. Some are 11k off 40k MSRP for those types on a 3 series. However for a lease, as you may know, it impacts residual.
How many miles was on your loaner for the 24% off?
my loaner had 10k miles on it. But that was before BMW penalized anything above 5k miles.
@305Hackr you got a great deal then if you negotiated money factor down with no markup.
was a great deal, but that was last year, a much better time to lease a BMW than now without MSDs etc. You have it much harder and from what i can tell you’ve already negotiated a good deal.
The only thing i would do is try to get more quote from other dealers if you can find more 2 series loaners for comparison.
@305Hackr That’s what I’m struggling with… I can only find 3 series as demo/loaner cars. Basically for this deal they’re going to have to put a 2 series for me in the loaner pool for 8 months and pull it out after for me to lease. I have a year until my current Lexus lease is up. I figured people on here may have more info on % or $ off the loaners.
So you’re negotiating for a car that doesn’t exist/isn’t even available yet? Is the dealer really that considerate and would do that for you? The MF and RV can drastically change in 8 months when it’s finally available.
@Jon Correct. MF and RV won’t change that much imo. I’d likely have them put a 2018 model in the loaner pool and then lease it. And yes dealers are willing to work with me here. It guarantees they are able to re-sell a loaner vehicle.
Wow. They are that desperate for a deal that will make them [almost] no money because you are shooting for a hackr deal? Too good to be true, unless they really love you. I also don’t think they will have a problem with reselling a 2-series loaner, it’s not like it’s a 320