I am asking for advice. I am working on a fully-loaded 2024 BMW ix50.
This car has 4K miles on it - was traded out from a client bc of a part delay, that has been resolved. So it is not technically a demo/loaner, but BMW has made an exception for lease support. However, it is no longer eligible for rebates/incentives. It does not include BMW Ultimate Care maintenance plan. It does not qualify for free electric charging or include wall-box. I do not know how to factor in these variables.
The sale price is ~30% of MSRP with an effective lease rate of $630/month with MSDs. The MF is marked up at .00129 and dealer will not budge. Nor will they budge on the sale price and keep the MF marked up. I am struggling to decide whether this is a GREAT deal and should pull the trigger. It’s equivalent to getting 26% off MSRP with the $5900 untaxed lease rebate, however there are all those small things that are bothering me.
I’ve only seen a few deals over the past 6 months that reaches this type of % off (@nextlevelautobrokers 's 32% off and 25% off a loaner) - but both were base models. I am sure others have gotten even better deals and gone unpublished.
Thoughts? My inclination is to forget about these small things and go for it.
But you’re still getting the benefit of the rebates with the 30% off MSRP discount you’re receiving. Who cares if you’re getting 26% off + rebates vs. 30% and no rebates. You’re getting to the same payment at the end of the day.
You should still be able to buy Ultimate Care+ on the car which would cover brakes and get you the original maintenance plan (it’s $800-900 for the 3 years/36k miles UC+). Probably a good idea anyway if you’re going to be at 30k+ miles at the end of the lease given the pre-existing 4k miles on the car.
None of the iX’s come with a wallbox for free (that’s only on the i7), so that’s not unique to this car. As for free charging - were you actually planning to use Electrify America for your charging or will you be charging at home? If it’s the latter, this is a non-issue.
Trust your instinct and just go for it so your next post isn’t about regretting not taking the deal…
What about warranty? That’s way more important than the basic maintenance why is basically oil changes for ICEV.
And paying for UC+…. IDK. EVs are generally easier on their brake pads because they regenerate. Why prepay such a high percentage of the benefit that you possibly may not need.
Warranty is through 10/27 so it covers the 3 year lease term.
I was able to get him to extend the original Ultimate Care through 10/26 - which is 27/36 months. Best I could do but should be sufficient for the lease.
Agreed - I’ll prob take the car. But I think you were oversimplifying the thought process.
If you directly compare it to a 2024 loaner that qualifies for the 5900 rebate and the dealer is giving base MF of .00069 - then that % MSRP goes down from 30% to 23%. Still a very good deal, but now in the realm of questioning whether all these other small things are worth the extra % off - no maintenance, one-owner car, no free charging, etc. I don’t actually know how much that maintenance plan is worth monetarily. I know from a convenience standpoint its nice.
Bottom line is - you’re right. By passing on this deal and waiting for something “better” to come - I’d at best squeeze a few % off, nothing drastic and probably not worth it if I like the car, color and options.
Assuming you actually use regenerative braking (I personally never use it, I hate it). In my experience brakes wear out faster on the EV’s since they are much heavier cars. And he’s gonna have it for 3 years. But I guess it’s user-specific depending on whether a person uses the regen feature or not. Ultimately, paying $800 to have brake coverage that he will likely need if he turns off regen and puts 30k miles on a 3-ton car that already has 4k miles on it doesn’t seem like the worst use of money IMO. Brakes aren’t cheap.
If you’re willing to just take any iX for the right deal, sure, but if you actually LIKE this car then you need to compare this to other REAL options, not just hypothetical other loaners or whatever.
I am assuming you have run a carfax? “traded out bc of a part delay” sounds a lot like a buyback because of excessive shop time. Otherwise, I agree with others, if it’s equipped the way you like it’s a good enough deal. If you don’t care about options, and just want the lowest payment, I would keep barrel scraping.
This is a bit surprising. I don’t particularly like the regen braking on the IX, but it was fantastic on my I4 and the I5 does it better than anything else I’ve driven. What are you basing your hate on?
Just don’t like the feeling of the car slowing down on its own when I take my foot off the gas. When it’s off it feels less “awkward” and more like an ICE car.
Ignoring MSD discounts, a 2025 with base MF can be had for 12% off with 9900 in rebates. Play with the calculator and decide what the actual price discount is for the car if you had those rebates etc. And then ask yourself if that discount is enough for a car with some miles on it.
It doesn’t blow me away, but I like the value of this car at the current lease numbers relative to other cars at their current lease numbers.
Anyways - within minutes of my original post, I had already realized I should just go for it, so I offered to sign the proposal yesterday afternoon - however been ghosted since. Unfortunately, I can’t actually get to the dealership in order to take care of things in person.
