BMW TX lease check and Owners Choice option

Ask the Hackrs
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1

Hi everyone,

been lurking for a while here and finally decided to sign up and participate.
I’ve been shopping around a bit and am fairly new to TX and am learning how sub-ideal the tax situation here is.

I tried to recreate a deal that was posted here with the BMW e-models and Owners Choice and put a lease next to it in order to compare it.

Description of the lease so far:
2021 BMW 330e new
MSRP $52,xxx
Selling : 50,xxx
Incentives: $3500 after selling price.
Monthly Payment: $709
Drive-Off Amount: $1030 (got no breakdown)
Months: 36
Annual Mileage: 10K
MF:. 00122
Residual: 58
Region: TX
Leasehackr Score: 6.7
Leasehackr Calculator Link: Lease Link

Feedback on these numbers: I believe ~3% off MSRP is an insult. Incentives seem good. MF seems inflated. Overall not a good feeling. Any advice?

On Owners Choice, here’s my try at putting this into a calculator, same conditions except:
APR: 3.84%
E-rebates: $2500 Texas, $5836 Federal; $8336 total
Link: Owners Choice

APR seems inflated, still low discount on pre-incentive MSRP.
I’d like to make Owners Choice work to use the government rebates. Thankful for any advice you guys may have.

Thanks!

2

Reach out to @IAC

3

Move on to a different dealer.

4

Owners Choice is a good idea with the 330e, problem is stock is really low so discounting will be less competitive. If you can find an 330e ex-loaner/demo here or out of state with a dealer willing to discount more and use Owners Choice it could be cheaper. Just have to factor in delivery/pickup costs.

I think San Antonio last year was offloading their fleet of loaners, many of which were 330e’s, and maybe they have more to offload soon, worth investigating.

5

Hah. Thought the same after I saw those rates. I’ll give them one more shot at improving those quotes.

6

I have looked through the San Antonio inventory and couln’t find any demo/loaners there. Also since it’ll be my first rebate and first Owners Choice, I don’t want to make any mistakes and end up not qualifying for rebates due to non-new car.

I’ll give San Antonio a call and see if they have anything.

7

That’s a gap I wouldn’t expect to close

8

@IAC. They did a lot of good OC deals on 530e’s a while ago.

9

Have a read up here: Signed: Loaner 330e $49,945 MSRP - $347.14/mo, $0 DAS... Titled In My Name! on the deals in 2019.

Forgot to say, Owners Choice interest rate is always higher than lease but normally is a small detail when you look at the rebates. Don’t know if they can mark it up though so need to check that.

Probably need to speak to a knowledgeable sales person or manager at San Antonio as they might have some units coming up available soon.

10

That was the thread that started my journey :smile:
And yes, I was expecting OC to have an uplift, but the one they quoted me was really inflated and probably supposed to make a lease look attractive.

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