My local UT dealers are either out of stock or lame/have white color cars (BMW of Murray/Pleasant Grove) and I am also unable to get a reliable ETA out of any of them on when new inventory will arrive.
So, I started reaching out to dealers in neighboring states, within a 500 mile radius. (plan is to fly in, sign lease and drive it home or ship it home depending on cost etc.).
Got this offer from Denver, when I requested “more info” on dealer website.
Which is somewhat confusing due to the $14,100 for the Rebate line, I’m thinking its a typo and maybe I should confirm.
Open to thoughts, suggestions and insights!! I’ve always financed/taken out loans, this will be the first time I will be leasing a car, purely due to the $8500 incentive ($7500 + $1000 Loyalty).
If the $14100 rebate is some how true, then they seem to be already giving me the 10-12%+ off MSRP (when including the $8500 Lease credit) that seems to be popular advice from folks here on LH.
Looks like they’re assuming you qualify for the Colorado credits, which you don’t. They’re only offering 6% discount before incentives, which is pretty poor.
Any shortages of inventory must be a local market thing, because these are piling up here on the east coast. Check out some the broker offers in Marketplace because even with shipping you can save. An offer from @ZZAutoDeals (CA) puts the I4 M50 under $600/mo for 36mo with MSDs (your MSRP is a little higher)
Thanks bud. CO is a totally different market though (which I don’t serve). So not sure if OP’s offer could be fairly compared to what I’m offering in CA.
Yes, I have been trawling the Marketplace for a few weeks now looking for brokers that might serve my state (Utah) with limited success on finding one - hence reaching out to dealers in Vegas/Henderson, NV and Denver/COSprings is somewhat of a desperate measure.
It’s definitely a “local to a state” thing, UT and Idaho - since there is only 1 i4 M50 in Boise (which the dealer says has a deposit on it) and a couple of lame xdrive40s in Idaho falls.
Just to give you a comparison, there are 235 M50 units available within 150 miles of my zip code in NJ. If your local market is really that tight, there are a bunch of these available for lease transfer. With regards to order allocations, difficulties are probably because of the upcoming switchover from 2024 to 2025 model year.
Makes sense, hence my motivation towards “striking a deal” with nearby dealers with many 2024 units on their lots - thinking that I could be able to get to negotiate MSRP down as much as possible (starting at ~13% preferably getting them to agree to at least 11% given the added hassle of getting the car home (driving it or shipping)
OK so back to the deal check, I am going to counter their offer with this one.
Thoughts?
I’m trying to avoid putting money down on a lease, as suggested by many ppl here - but am able to and willing to put down up to 10% MSRP in the interest of securing the car that I really like/want…
I would also ask for the base rate money factory (0.0015) because I would bet they are marking it up. Other considerations: Do you have loyalty? Conquest? Corporate sales (aka fleet)? Have you looked into applying MSD?
Yes, I have Loyalty (i currently own a 3 series) and also Corporate through work but was told by a dealer that Lease Credit + Loyalty would be my best bet ($7500+$1000) - Yes did look into MSDs and can do up to the 7 MSD (comes up to roughly $5000)…
Thanks for bringing up the MF, since its a concern to me due to my non Tier 1 credit (660 TU). Not sure that i will qualify for the “BMW New Subvented Lease” rate.
Regardless, shall I ask for the MF rate when I present the above offer to the dealer?
You can use either loyalty or corporate, recently they have been the same amount. I would still ask for the base MF, it will depend on the tier 1 cutoff. Are you trading in the 328 as part of this deal?
Yes I am planning to trade in my 2014 328i GT xdrive, or intend to trade it but logistically it seems easier said than done. If I do make a deal with the Denver dealer then would need to figure out how to get the car transported to them. Then drive the new car back - total of ~950 miles round trip not sure that a “New Car purchase” with an added bonus “Road Trip” is something I was/am expecting …
The values quote on it is $6700 to $9238, low to high…
OK… good to know… It was my understanding that it was risk mitigating factor tied to the Lender/Leasor’s risk assessment of the proposed transaction/sale to me… If I/they don’t qualify for Subvented rates…
