BMW M550i Lease Proposal - South Florida

Ask the Hackrs
1

Hi all. I started researching a lease for this car here in the South Florida area and called around a few dealerships. Most of them quoted me in the $1200s with inceptions down for a 36 months 12k miles. The quote below was the best one I received. Could you guys chime in please? Where can I negotiate to lower the price more? Thank you in advance

2018 BMW M550i Loaded

**MSRP: $83,570
**Selling Price: $74,570
**Monthly Payment: $1,085
**Cash Due at Signing: $2,000
**MSD:0
**Incentives: Conquest

**Months: 36
**Annual Mileage: 12,000
**MF: .00236
**Residual: 60%

**Region: South Florida - 33304
**Leasehackr Score: 6.9 Years

2

Run very far, very quickly?

2 Likes
3

The money factor is inflated, should be .00166

4

I feel like it’s so tough to get a good lease deal in South Florida. What numbers should I expect?

5

S.FL is a tough market in general, no question about it. Try to get a quote from @AB26 who works at a BMW dealer in S.FL. Not sure if his numbers are gonna be better but maybe he can assist.

1 Like
6

Thanks. I’ll give it a try.

7

Also try Atlanta, it’s a much more competitive market. Even with shipping it should be much cheaper than abomination of a lease. Assuming you are tier 1 I don’t think the dealership is even allowed to markup the mf that much.

8

yes, but cannot be marked up that much on tier one. You can’t make that determination if you don’t know credit.

9

I am tier 1 credit. I’m trying the West coast of Florida. Might email some dealerships in Atlanta as well. Thanks

10

I was assuming tier 1, and you are correct, max Pack is .00206

11

I need to chime in here. Have you considered an out of state transaction? I just had the absolute best experience ever with Chris Lasko at P&W BMW in Pittsburgh, PA. Call him, tell him I (Robert Swan) referred you for an M550i. It’s worth a call, trust me - you’ll save enough that you can still be ahead after shipping the car.

Chris Lasko
Sales Manager
P&W BMW
Office – 412-622-0449
Mobile – 412-722-3906
Fax – 412-622-0523
chris.lasko@pandwbmw.com

1 Like
12

Thanks. I am open to options. A $200 a month difference is $7,200 over the life of the lease so it would be worth spending $1,500 to ship the car here.

13

The discount is good, they aren’t giving you tier one credit though. So makes sure that you are actually tier one

14

I should have mentioned - I live in Colorado and when no dealer in state here was willing to negotiate, especially on the money factor, I began a 90-day nation-wide search. Chris Lasko gave me the best deal by far and was absolutely great to deal with.

1 Like
15

you shipped from PA to CO? How much was that ?

16

I didn’t, but I did get a couple of quotes and they were all around $1100…FWIW I actually pick up the car this Friday - I’m flying out and I have a buddy who lives near Pittsburgh who is going to road-trip it with me back to CO.

17

how many m[quote=“RLSinCO, post:16, topic:59766”]
I’m flying out and I have a buddy who lives near Pittsburgh who is going to road-trip it with me back to CO.
[/quote]

was the shipping cost prohibitive ? Did you ever get it quoted? Seems like a long drive from PA to CO.

18

As I mention the shipping quotes were all around $1100 - $1300.
But this is my buddy since high school and it will be great to take the road trip with him so I was up for the drive in that scenario… driving time is about 21 hours.

19

enjoy the trip…hope you’re not doing it in one sitting

20

Thanks! No way would I try that in one sitting…

1 Like