Fixed the money factor. but it seems they are doing mark up or something because the number from the calculator ends up being less
Do you think X3s will have a better deal?
It’s a bad lease program (mediocre MF, high RV). You are getting none of the applicable incentives or rebates. The discount is under 10%. It has none of the essential attributes required to yield a good lease. If you must have this vehicle, you would be better off financing as it does hold value well.
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Hi Hackrs, Our current BMW X5 X-Drive lease is up in October, and we’re estimating to be just under our 30k lease limit. We absolutely love this car and want to get the 24 in exactly the same specification if possible.
Reading the guides on here, it appears that I can primarily negotiate the selling price and MF and have put an inquiry on Edmonds for MF and Residual to use the helpful calculator on this site. A couple of questions for you guys:
- Does BMW typically discount the MSRP on factory orders, or only cars they have on their lot?
- Should I be pushing for a discount on the lease we are returning?
- I’ve found in the past that dealers typically want to get you in person before talking numbers. Is it best to email phone ahead of time and what are the numbers you typically ask for? I’m assuming Residual, MF and MSRP discount? Anything else?
Maybe revisit leasing 101, research marketplace and contact a broker in that order.
Not sure what you mean by this, can you clarify?
I had read on the share tips (I think) that if your existing residual value is lower than the market value you have more negotiating power when signing up for a new lease.
For my original question about a new build vs. buying off the lot, is my assumption true that BMW generally won’t take anything off the MSRP?
Pretty sure the answer is no on both counts. Try to get a quote from the dealer to see if you have positive equities and you can sell your lease to the dealer. There are other places that can buy your car. There is a list of car buying sites listed on a thread here.
The dealer will discount off MSRP even on a new build, of course it will normally be less than the one on the lot. Check marketplace, discounts a plenty for X5 (on the lot or order).
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Different dealers will offer different discounts on factory orders. Do some calling around or potentially use one of the brilliant brokers on the forum to make it all easy.
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That’s, that makes sense. I’ll do some calling around. I have also reached out to a couple of brokers using the marketplace link here. Is that a good way to find them?
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