BMW X1 deal what do you guys think

Ask the Hackrs
1

MSRP $47,265
SELLING PRICE $36,020
RESIDUAL 58.68% - MILE ADJUSTMENT FROM 61%
MF .00182
36 MONTHS
$0 DOWN
$3000 X1 REBATE
PAYMENT $309 + TAX

Fee break down

Acq fee …925
First Monthly Payment… 336.85
License Fee… 173.00
CA Tire Fee… 7.00
Electronic Filing Fee… 29.00
DOC FEE… 80.00
Cap Reduction Tax… 196.03

New to this but all my reading here has helped me a lot. This is a retired service loaner. I think the Mf is a little high. Any advice would be great. Thanks!

2

Even with the marked up MF, it looks great - I’d jump on it!

Edited to say, I’d jump on it before someone else from here finds it and takes it…that’s a really great deal for that car.

3

Do you have to pay the fees out of pocket to get the 309 + tax price? or is all of that rolled in?

4

Do it, dealer is probably marking up MF to compensate for lowering your cap cost.

5

Buy rate is .00152 (3.648%). Definitely marked up. (4.368)

6

The discount from MSRP is pretty good however few things can still be negotiated.

The rebate is 2K on X1 unless you qualify for new grad which is another 1K.

MF is marked up. BMW base numbers are 0.00152.

You can also do a one pay and get MF reduced by 0.0003 which brings the MF down to 0.00122

HN

7

Acq fee is actually set by BMWFS at $925 now and does not allow dealers to mark it up.

8

That deal looks good to me, I would take it.

9

@Jon

I stand corrected. I updated my previous post. I had done a quick search on google which was the source of my wrong info. I rechecked it and you are correct. Its now $925 and can be waived by getting higher MF of 0.0005

10

Thanks for the help guys. Another question. I been looking at e300s as well. Found one and salesperson at dealer will not give me money factor and residual value. Basically making me fill out a credit app first before even quoting the number. Does since sound right ?

11

Move on to next dealer.

You don’t ask the dealers what MF and residual is, rather do your homework and tell them what the base MF is and suggest you will only do the deal on base MF.

12

Thanks. I did do some homework on the deals that have been done here. So I was looking for a lease quote and the dude would not do it unless I filled out a credit app. I moved on so on to the next. Maybe the salesperson with X1 deal was super transparent gave me everything I need of the bat. I might go with that deal.

13

This must be a 2017 which has $2k Lease Rebate and $1k Loyalty. And if it IS a 2017 you should jump on it TONIGHT. 2017 loaners with less than 5k miles are few and far between and every one that I’ve posted on here has sold within one hour.

You can bet that you’re not the only person that he has given this quote to and there are 10-15 other sales people at that store that may also know about this deal now and are pushing it on their clients.

Get it today. It’s a great deal (even if they won’t budge on the marked up MF which I don’t agree with).

14

That deal is outstanding! If you like the car, run to the dealer and sign now. You could spend months looking for a deal and NEVER find one this good.

I wouldn’t worry for one minute about the marked up MF given the overall deal, but if it bothers you consider going into dealership and trying to negotiate as you are ready to sign. Perhaps you can meet them in the middle on the markup. But if they hold firm, I’d take the deal and run if it were me.