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.
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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.
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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.
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If you are after fun, you may be able to get an Alfa for this kind of payment.
@leaselife23
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.
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.
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@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