Deal Check: 2024 430i Convertible

Ask the Hackrs
1

In southern California, looking for a loaner convertible (bmw, C class, or A5) w/ the lowest possible monthly. This is the best deal I ran across so far and it’s not looking good, but maybe I just got spoiled because of the great EQE deal signed last month…

Model: 2024 430i - prev service loaner - 5.3k miles on it
MSRP: 61.7k
Discount: 15% off
MF: 0.0022 - stated that’s what their deals are at unless management decides otherwise
DAS: $2k - 1st months payment & fees
Terms: 36mo/7.5k
Monthly: $787

I haven’t gone in or wrestled more details from the SA. Want to determine if this is worth my time to try and drive it lower, or move on in search of something else

2

How does this compare to your target deal you put together before reaching out to dealers? What discount percent did you find when researching comp deals? Does the cost add up for that discount with the lease programs as they apply to you?

3

Spotted a couple M-lites at 18% discount for MY2023, didn’t see many 430i previous loaners listed.
Saw a new 430i in the marketplace $61k msrp for $771/mo $3.3k drive-offs 36/10k with a .0017 MF and $0 lease credit.

By comparison, this feels pretty far off.

4

Is that the loyalty mf? Iirc, bmw can only bump mf by .0004, so they couldnt get there if buy rate is .0017

Is that marketplace price in the same zip code so same tax rate?

5

The MF referenced .0017 was from WA, I’m in CA. CA looks to be either .0018 or .0021 depending on the model

I got an email back from the dealer saying their rate includes taxes & MF might go down a bit if I’m tier 1 credit, which I am.

I’d be glad if I can find something lower, but looks like options are sparse.

6

There shouldnt be any confusion here. You need to know what buy rate actually is so you can set up your target deal. Once you have your target deal set up and make an offer to the dealer, who cares what mf the dealer uses to get you there?

7

Fair enough. I used .0018 in my math since that’s base. In the end I just asked if they can get to under $700 and they said they couldn’t

Oh well, it was worth a shot, few loaners left out there.

8

Seems like a pile of money to drive the car, especially for a retired demo/loaner unit. What are you using as a basis to determine where your monthly payments should be?

I’m sorry but all of those cars listed are low-dollar units. They sell because they get people the badge and aren’t necessarily representative of what the brand is about imo. To pay $800-$1000 effective/mo is insane to me.

You want a convertible, but does it have to be one of the badges? Would something like an lt1 (Camaro) convertible suffice? If you’re dead set on the former…finance a used/CPO or pay cash.

9

The basis was other comparable units in the marketplace that were new and similar cost, but not loaners. I wasn’t too thrilled that the effective monthly was more than my eqe for something basically half the price.

It would be a leisure car, I haven’t looked at a Camaro. Thought didn’t even go through my mind. But that sounds like a much more sustainable and low cost way to just get a for fun vehicle, I’ll look into it.

10

Yeah, convertibles are sort of a tough market regarding leasing. There just isn’t much going on (and really hasn’t been for some time). There are some convertibles that would have lower TCO than average, but again finance or cash would be the way to go.

Depending on what you want, and how long you want it for, something like SAL could be an option as well.

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