Deal check: 2024 BMW X3 M40i xdrive

Ask the Hackrs
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1

In southeast PA. I know that this isn’t a good deal, but I can’t get these numbers to work in the calculator and not sure how hard to push back on selling price. 36 mo.,12k, 55% residual, .00210 MF.
Why do they show the selling price before applying the $1,500 loyalty; I assume it has to do with taxes. How much better should I be able to do? If I’m hoping for at least an 8% discount off MSRP (which it seems from this site should be reasonable), is that 8% off reflected in the selling price, total cap or net cap?

MSRP - 69,470
Selling price - 67,720
Prep fee - 464
License/tags - 243
Acquisition - 925
Taxes and fees - 84
Total cap - 69,437
DAS - 886
Loyalty rebate - 1500
Net cap - 67,051

Monthly w/ 9% PA tax - $1,114.22
DAS + first month - $2,000

2

Wow that’s awful.

Sent you a DM.

3 Likes
3

Here’s your calc or close to it. 8% off brings it down to $992

4

Even at 10% off why would you spend $35k to rent a car selling for 62?

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Because it’s what the OP wants.

When you’re the one that pays for the car, you can dictate what you drive. It’s called the golden rule.

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I dont think he was saying don’t get the car, just that financing it would be better

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Subjective since it opens up an unknown, like actual resale value.

With a new body update on the horizon that’s not a bag I’d personally want to hold unless I was really married to the specific car in its current iteration.

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Here is what we would be able to do:

2 Likes
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max_g - isn’t that an argument against the entire leasing industry? Aren’t we all just trying to get a new car every 2-4 years without the hassle of financing and owning a depreciating asset?

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10

No. Look through the leases that are actually hacked, that’s a much lower cost of “ownership” than actually buying the car.

Look in Signed Deals & Tips and in the “Trophy Garage” thread for examples.

And specific to the X3 40i, competitors such as the Audi SQ5 can be leased for a lot less this month.

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What is the difference between owning a depreciating asset and paying the depreciation on a depreciating asset? The lessee pays $925 to lock in a guaranteed residual value several years in the future, but you never know if that value is going to be higher or lower than the market value. If higher, then the lessee paid for more of the car than necessary, but may be able to recoup some of the cost by buying the vehicle at the end of the lease. If lower, then they can simply walk away knowing they got the better end of the deal. How much is that worth?

At the end of the day, most lessees simply want to get the best deal they can on the car they want. Leasing is usually cheaper than buying on a monthly basis, so it is often a matter of being comfortable with the payment.

1 Like
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The acquisition fee is basically just the cost of gap insurance.

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What type of monthly payments can be achieved this month on an SQ5 at 36/10k with minimal dollars down? I have never ever been able to get near an Audi on a lease.

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More than the base X3’s you’ve turned down time and again. :man_shrugging:

6 Likes
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Look in the Marketplace for deals such as

2024 Audi SQ5 3.0T Premium Plus

  • $67.5k MSRP
  • 36/7.5k Lease | INCEPTIONS DUE AT SIGNING
  • Lease for $582 Per Month (with Costco membership prior to 02/28/2024)
  • Lease for $624 Per Month (all qualify)
  • Leasehackr Calculator
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What is your budget?

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