BMW M550i Lease Proposal - South Florida

Ask the Hackrs
21

Received what I think is a much better deal from the original dealership above. Please chime in with opinions. Here are all the numbers as they were given to me in an official quote

2018 M550i
MSRP 83,570
Gross Cap Cost 76,226.67
Net Cap Cost Reduction 3,698.29
Rebate 3,000
Total cash from customer 2,500
Total Inceptions 1,801.71
Net Cap Cost Reduction 3,698.29
Cash applied to Cap Cost 698.29
Net Cap Cost 72,528.38

36 months 12k miles
MF 0.00166
Buy Rate 0.00267
Lease depreciation 621.84
Lease charge 203.63
Base lease payment 825.47
Use tax 39.53
Monthly Payment 875.00

Many thanks to those who have told me how bad their first offer was. This one does look much better.

22

Is the rebate from BMW Financial Services on an '18? Can you qualify for an additional $500 from Costco or USAA?

As you get closer to finalizing the deal, I would also ask for another $1K off MSRP to bring your discount closer to 10%.

Also, join BMW CCA, pay for the 3 year membership (I think that is $134). After the sale you can submit for a $1,000 rebate.
Link is here for info.

23

Unfortunately I don’t have a costco or USAA membership. I will join the BMW CCA for the $1000 after the fact. I really don’t think the dealer will take another penny off the car but I will certainly ask. I’m closing the deal tomorrow! I’ll post a picture here. Thanks everyone again

24

Who did you worked with (what dealership in SFL)?

25

I had to go out slightly north of South Florida for this deal. I worked with Billy at Coggin BMW of the treasure coast but I don’t think they would be able to replicate the deal because they only had one ‘18 model and had just gotten one ‘19 car and needed to sell the ‘18. That’s what I was told anyway.