Deal Check: 2025 M240i xDrive South Dakota

Ask the Hackrs
1

Looking at doing my first lease. Put $1500 down at local BMW dealership in order to secure custom order for a MY25 240i xDrive.

Dealer offer:
MSRP: $59,300
Cash incentive ($2000) bringing price to $57,300
I have about $2500 in negative equity on my trade so I’m only doing enough down to wash the negative equity whatever it ends up being at time of delivery.
36 mo/7500 mi with MF of .00245 and residual of 53% (this seems low).
Rate Finder shows MF of .00205 and RV of 56%. Wondering why the difference here? (The MF I get the quote has some markup but not understanding why the RV is different).
$0 DAS / $1003.78 per month from the dealer. Thoughts?

Sorry if the formatting is atrocious, this is my first post.

2

Good thing you asked but kinda scary you don’t see the absurdity yourself.

There’s no question the value prop is terrible

3

Could you be a bit more specific? Are you saying in general with the depreciation on the vehicle it’s overall a bad deal, or is there something specific (MF, RV, vehicle price, etc.) that I should push back on?

I’m kinda sold on the car itself. Maybe purchase is a better idea?

4

It is a bit late to look for advice when you are already at minimum semi-committed to the car & deal.

Before diving into the $1k/mo - have you determined that your trade value is reasonable?

5

Are you getting any discount on this?

6

zaimer - I get you. I haven’t signed anything yet as the car is still in production. I’ve looked around between Edmunds, KBB, NADA, etc. and I’ll probably end up between -$2000 and -$3000 for negative equity which I’m fine with. I concede that this particular model’s RV is painful but I’m mostly concerned with this specific deal and not getting hosed in the context of this model if that makes sense.

Ashleigh - MSRP was $59,300 and they did $2000 off bringing it to $57,300.

1 Like
7

Have you received any actual purchase offers though, other than this one dealer’s?

I know what you’re saying. It also could be difficult to place a value on your deal here, vs say another M240i in inventory somewhere.

8

Just CarMax via Edmunds appraisal and the dealer’s - both are similar and in line with what I was expecting.

9

Yes in that case purchase it.

10

There are so many other places you can sell your car.

11

This is kinda weird framing. Is the dealer giving you 2k off? You reference that in regards to your negative equity which doesn’t make sense.

So to be clear you are putting 2500 down to balance out the negative equity and getting a 2k discount?

Agree as above better financed than leased

12

I only mentioned the negative equity because I said $0 DAS but in reality I’ll be putting enough down to break even on the trade, so not really “zero” DAS but I’m not providing any cap cost reduction. Dealer is providing $2000 off MSRP independent of the trade.

13

DAS is DAS. So the deal is really $1k/mo with $2k DAS?

1 Like
14

Are you sold on this car?

What car are you trading in? Is it financed?

15

In this case yes. Perhaps I should’ve specified no cap cost reduction instead of saying $0 DAS.

16

2023 Hyundai Kona N. Financed. 15,250 miles, current payoff is about $26k. Dealer offered $24k for the trade.

17

Did you get it appraised anywhere else? Carmax? Carvana? Other dealers?

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