Check my Deal ? Lease BMW X1

Ask the Hackrs
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Hey leasehackr fam! First-time poster here, looking for some wisdom on a BMW X1 lease deal in Texas.

So, I’m eyeing this shiny new 2024 BMW X1 in Texas. They’re throwing numbers at me, and I could use a reality check. Here’s the scoop:

MSRP: $45,995
Selling Price: $37,640 (after some rebates)
Term: 36 months, 12k miles/year
Residual: 55%
Money Factor: 0.00220 (is this high? feels high)

They’re offering me a few options:
$650 down = $650/month
$2k down = $609/month
$5k down = $516/month

There’s a bunch of fees too, totaling about $492. Oh, and they’re trying to upsell me on tint ($499) and some protection packages ($699 each for appearance and dent).

Here’s what’s messing with my head:

  1. Is that money factor for real? Can I do better?
  2. The residual seems okay, but what do I know?
  3. Are those monthly payments in the ballpark of decent?

I’m new to this luxury lease game and could really use some expert eyes. Am I getting a fair shake here, or should I put on my negotiating hat and go back in?

Thanks in advance, folks. You’re saving my sanity (and hopefully my wallet)!

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If you have a worksheet send it my way and we’ll check it out.

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Just do the math.

Why on earth would anyone spend $650 x 36 = 23,400 to rent a $37,640 plus tax car?

Just to give it back with no equity and no tax break on the next one and start over again. And then what, spend 24k to lease another similar car again?

Very few cars are actually hackable. The X1 is not one of them. Whatever extra discount you can negotiate from here just makes the case stronger to just buy it if that’s the car you want.

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@Moigen and @Vyom_Mathur gonna be in the exclusive LH X1 drivers club.

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If you sign up as a Super Supporter, you can access Ratefindr (which will give you the data you need to plug numbers into the calculator for your targeted deal).

Or you can obtain those numbers from the appropriate Edmunds forum for free.

The RV cannot be changed.

I don’t see much of a point in leasing in TX w/o tax credits.

I also am unsure why you added a “Lexus” tag to your post?

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