Ordering a BMW right now is a headache. I ordered a M440i GC and the wait was 2-3 months, now it has a stop sale, chip shortage. Cars that are being ordered are coming with missing features (loss of touchscreen, no power seats, etc).
I decided to go for something bigger as a I saw the M440i GC in person and its the exact size as a 3 series.
I am getting an offer of 868/m lease for a BMW 540i xdrive that is in stock. NY zipcode.
Hard to find trim (bernina gray). M sport and shadowline package, Harmon Kardon, heated seats/wheel, premium package, red M sport calipers, etc.
MSRP 69755
$1000 loyalty (no other rebates, incentives)
Purchase Price: 68055 (1% off MSRP)
36m/10k
MF 0.0111
RV 59%
0 MSDs
NY Taxes/all fees/first month/etc = $5282
Adding on top = $718
Total sign off = $6000
Is this a good deal in today’s market or am I getting ripped off?
Sounds like an awful deal. I was able to get 6.5 % off MSRP on a very similar spec. Not xdrive, but pretty loaded up $70k car. I’ll be at $760 month with $1k down.
Do homework and try to post a calculation…filling it out will tell you all you don’t know (how getting ripped off massively) and what you need to figure out…otherwise find a broker to help you because you are ripe for the picking.
Nah I know the basics. Just because I don’t post here doesn’t mean a thing. This is the first time I’m actually going the dealer route, always do a broker.
Not paying 700+/m for an inferior car, especially one I dont want (530).
LH brokers were helpful, asked two of them but no one was able to get more than 2% off for my zip (same taxes/fees up front) for a in-stock vehicle. Got an offer of 5% off MSRP (same amount up front) for a trim I completely don’t want by a local broker. All these offers are with the same amount down (taxes/fees up front with $718 out of pocket).
Cant wait another 3 months either which is what LH brokers are offering for new builds.
All in all, I can save about 2-3k over 36 months if I choose a trim I dont want with missing features.
Very picky with cars. Went the auction route couple of times, but wasnt a fan of the selection and didnt want to go every weekend. I had a 2019 lexus gs350 f sport I was paying $540/m on with 0 DAS that got flooded. Loved that car. That same exact car today is 750/m if I want to finance a certified used one with more miles.
Sadly in NYC people are really paying over MSRP for certain models/trims. Ruined the whole market. Unless its a car where a dealer has crazy inventory of, the deals of 10% off MSRP are almost nonexistent. People are trading in their used cars as equity, but thats the same exact thing as down payment imo.
I looked through LH brokers, some offered to ship cars to NY. But literally, I am not saving more than 2k over 36 months when I did the math after all the wait time/shipping costs/travel to pick up the car are factored in.
The deals on a 2022 M sport package 540i xdrive straight up suck. 1-2% off MSRP is a joke. 2021’s are nonexistent since everyone is just keeping their cars.
I’ve been heavily considering this also. 0.9% rate is tempting and is the better route in these market conditions. There is a BMW registered in my household, but this will be my first BMW daily driver. Want to get a feel for the car before making that commitment, which is why financing is holding me back. Was 100% going to buy out my GS before the flood.
I’ll be going in tomorrow and will have that convo before signing.
If I sign on their lease offer I’ll see if I can force the dealer’s hand into free extra oil changes outside 10k or something since they won’t budge on more off MSRP.
