BMW M340xi $550, 36/12 DAS $4k - signed a to be built vehicle

Signed Deals & Tips
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I ended up signing a deal with a dealer in NJ. Not sure if it’s a great deal or not. But this is my first time leasing a car. So I was bound to make a few mistakes. Hopefully they are not too grave.
The car would take about 8 weeks to arrive. So fingers crossed.

Following are my details and would really appreciate your expert opinions on this.
Year, Make, Model, and Trim:
MSRP: $61220
Selling Price: $54180
Color: Metallic White with Shadowline

Monthly Payment: $550
MSD: 3
Drive-Off Amount: $4475
Months: 36
Annual Mileage:12k
MF: 0.00076
Residual: 57%
Incentives: 1500 BMW Lease credit
Region: NJ
Leasehackr Score: 8.3
Leasehackr Calculator Link: Link

[update] - I’ve seen several deals being done on LH. So to my untrained eye, it felt like a decent deal.

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Seems odd to sign a deal before figuring out if it’s a good deal or not, but that’s just me.

What’s the selling price?

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Updated the post. Selling price: 54180

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Your listed mf is below buy rate. Is .00076 the post MSDs mf?

$999 dealer fee is insanity. They’re definitely marking that dealer fee sky high to make it look like they’re giving you a better selling price than they really are.

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Yeah post MFs.
They said the dealer fee is 699 and I had to get 299 for etching and that was not negotiable.

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Gotcha. You have it as the pre msds mf in your calculator.

So marked up mf (although not hugely) and gigantic dealer doc fee brings that’s discount down to more like 9% rather than 11.5%

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Ya. That’s just a mind game so they can say “but we gave you a huge discount!”

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So essentially, I could’ve had the car for about $600-$700 cheaper overall (without the ridiculous doc fee) if I tried harder or do you think it could’ve been substantially more cheaper?

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Yah, basically. I’ve seen brokers on here offering 10+% on custom builds, but then you have broker fees and such to deal with. I don’t think your deal is bad at all. Just a good learning experience for in the future for how the dealer can make it seem better than it is.

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Gotcha, thank you so much for helping me through the numbers. Really appreciate it. +1 to you :smiley:

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No prob. In the future, it’s always best to ask before signing.

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Yep makes sense. Will do. Thanks Matt

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Did you put a deposit down?

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10% on a custom is the neighborhood you’re going to be in right now. No worries OP, next time remember in three years to post before signing!

:chocolate_bar:

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Can’t you always walk before accepting delivery of the car?

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Yeah $1500

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Can I? And get my deposit back?

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Absolutely! Lesson learned

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This varies. Some states allow for nonrefundable deposits. Some do not.

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Make sure that they point out every single place where the VIN was etched. If they can’t do it, make sure they cut you a check on the spot before you take delivery.

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