I have custom built a 2023 X3 M40i with MSRP of $69000.
I would like to lease it and here is the term the dealer has given me:
MSRP: $69,000
Terms: 3 yr/36,000 miles
Residual: 55%
Money Factor: 0.00225
Cap Red: $2700
Down payment: $5000
Aquisition fee: $925
Additional fee: $711
Monthly payment: $1120
What do you guys think? Based on what I have been reading online, my monthly fee should be lower right? I also feel that the money factor is quite high.
I put all this in the leasehackr calculator and got a score of 5.1 year or so.
I really want this car. What’s the best way to go about negotiating the final price or the lease terms?
You should look for a broker. You’re literally giving away money by paying 45k to lease a not even real M BMW. If it was an X3 M then that’s different but that’s an insanely high payment for a X3 40i
In general it’s pretty terrible to lease a bmw right now. You can get better financing and you don’t need to pay it off in 3 years which is obviously going to make the payments gigantic