# Deal Check: BMW 230i 2024 model **URL:** \ **Category:** Ask the Hackrs\ **Tags:** bmw, ga, coupe\ **Created:** [March 19, 2024, 3:30am UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809 "2024-03-19T03:30:39Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![RadicalSaber](https://leasehackr.b-cdn.net/letter_avatar/radicalsaber/32/5_5575768a8748004e209b776fc1b2916d.png) [@RadicalSaber](https://forum.leasehackr.com/u/RadicalSaber)\ **Post date:** [March 19, 2024, 3:30am UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/1 "2024-03-19T03:30:39Z")
Hello! I am new here and looking to get a new car for the first time in the US! I want a fun ICE car before everything gets electrified and a RWD. Don’t need to seat 4 adults so a coupe works for me and I drive about 9000miles a year. The car has to be my daily driver though. When I am not working from home or driving 30mi to events, work takes me to neighboring states so that’s why some refinement and luxury is desirable. The 230i seems to tick all the boxes. A local dealer offers me this: MSRP $47595 SP $44794 $4279 due at signing $710 per month, 36 months, 10,000 annual mileage allowed MF is high? 0.0025% Residual is $25702. Lots of fees Dealer 799+925 Acquisition Govt fees total up to $544 Honestly I think buying a car that is $47k isn’t financially wise according to my income, so that’s why I want to go the lease route. What do you think? Leasehackr score is like 5.3years. ---
**Author:** ![IAC](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/iac/32/149215_2.png) [@IAC](https://forum.leasehackr.com/u/IAC)\ **Post date:** [March 19, 2024, 3:38am UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/2 "2024-03-19T03:38:57Z")
Fairly confident we would beat that. We saw your post in our other thread and will send some options. 🙂 ---
**Author:** ![Batistuta](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/batistuta/32/70364_2.png) [@Batistuta](https://forum.leasehackr.com/u/Batistuta)\ **Post date:** [March 19, 2024, 11:54am UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/3 "2024-03-19T11:54:44Z")
> [@RadicalSaber](#): > > Honestly I think buying a car that is $47k isn’t financially wise according to my income, so that’s why I want to go the lease route. What do you think? Paying $809 for a 230i isn’t financially wise either. ---
**Author:** ![max\_g](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/max_g/32/9426_2.png) [@max\_g](https://forum.leasehackr.com/u/max_g)\ **Post date:** [March 19, 2024, 12:57pm UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/4 "2024-03-19T12:57:01Z")
Wasting money on terrible leases or terrible purchases is a great way to guarantee you’ll never be able to afford to buy the nicer things. That may sound harsh but that’s the truth. ---
**Author:** ![IAC\_Scott](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/iac_scott/32/168147_2.png) [@IAC\_Scott](https://forum.leasehackr.com/u/IAC_Scott)\ **Post date:** [March 19, 2024, 1:04pm UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/5 "2024-03-19T13:04:37Z")
If a 230i is what you want, then we’ll certainly be able to save you a good amount over local quotes, but generally I would advise people that a 2 series is a car to finance, not lease right now. ---
**Author:** ![Bluemkn57cars](https://leasehackr.b-cdn.net/letter_avatar/bluemkn57cars/32/5_5575768a8748004e209b776fc1b2916d.png) [@Bluemkn57cars](https://forum.leasehackr.com/u/Bluemkn57cars)\ **Post date:** [March 19, 2024, 1:30pm UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/6 "2024-03-19T13:30:58Z")
> [@RadicalSaber](#): > > I want a fun ICE car before everything gets electrified and a RWD. Don’t need to seat 4 adults so a coupe works for me and I drive about 9000miles a year. I understand a coupe works for me, but a 330i would be a much better deal than the 230i. I would recommend taking a look at BMW broker deals in the **Marketplace** section of the forum. > [@RadicalSaber](#): > > Honestly I think buying a car that is $47k isn’t financially wise according to my income, so that’s why I want to go the lease route. What is your lease budget? ---
**Author:** ![max\_g](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/max_g/32/9426_2.png) [@max\_g](https://forum.leasehackr.com/u/max_g)\ **Post date:** [March 19, 2024, 1:36pm UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/7 "2024-03-19T13:36:33Z")
> [@RadicalSaber](#): > > I want a fun ICE car before everything gets electrified This is not happening anytime soon, and shouldn’t influence your decision-making. > [@RadicalSaber](#): > > isn’t financially wise according to my income What’s a budget that makes sense relative to your income? ---
**Author:** ![RadicalSaber](https://leasehackr.b-cdn.net/letter_avatar/radicalsaber/32/5_5575768a8748004e209b776fc1b2916d.png) [@RadicalSaber](https://forum.leasehackr.com/u/RadicalSaber)\ **Post date:** [March 19, 2024, 1:47pm UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/8 "2024-03-19T13:47:08Z")
So a reasonable budget for me is $600 a month / buy a car that is $36,000 ---
**Author:** ![RadicalSaber](https://leasehackr.b-cdn.net/letter_avatar/radicalsaber/32/5_5575768a8748004e209b776fc1b2916d.png) [@RadicalSaber](https://forum.leasehackr.com/u/RadicalSaber)\ **Post date:** [March 19, 2024, 1:50pm UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/9 "2024-03-19T13:50:32Z")
Is this really a terrible lease? Honest question, for me the car is worth the cost for three years but I don’t want to be overpaying in upfront charges and high interest rates/“money factor” ---
**Author:** ![RadicalSaber](https://leasehackr.b-cdn.net/letter_avatar/radicalsaber/32/5_5575768a8748004e209b776fc1b2916d.png) [@RadicalSaber](https://forum.leasehackr.com/u/RadicalSaber)\ **Post date:** [March 19, 2024, 1:53pm UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/10 "2024-03-19T13:53:43Z")
Finance because we think it will be depreciate less/be easy to sell in 3-5 years? ---
**Author:** ![max\_g](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/max_g/32/9426_2.png) [@max\_g](https://forum.leasehackr.com/u/max_g)\ **Post date:** [March 19, 2024, 2:04pm UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/11 "2024-03-19T14:04:48Z")
Yeah this is a terrible lease. None of the seasoned hackrs would touch it with a 100’ pole. CPO prices are coming down every week. 2022 430 will be in your budget soon. Or spend a couple grand more for one with low miles. For example [https://www.cars.com/vehicledetail/7d052f6b-2c72-4f1b-96d5-d4fea48cb83e/](https://www.cars.com/vehicledetail/7d052f6b-2c72-4f1b-96d5-d4fea48cb83e/) You can also look through the classifieds in all the bmw forums. AFAIK a car still under the 4/50k new car warranty can have its warranty extended, and prices are reasonable if you shop around. ---
**Author:** ![IAC\_Scott](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/iac_scott/32/168147_2.png) [@IAC\_Scott](https://forum.leasehackr.com/u/IAC_Scott)\ **Post date:** [March 19, 2024, 2:13pm UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/12 "2024-03-19T14:13:25Z")
Well there’s a few factors to consider here. 1. Do you think you could get better than 54% selling it in 3 years? Best you can do on this is see what 2022’s are going for now, as that was the first year of the current body. 2. What kind of interest rate can you get on a loan now? The lease, at buy-rate is 5.04% If you think it will lose less value and/or you can get a better rate, then finance it. ---
**Author:** ![IAC](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/iac/32/149215_2.png) [@IAC](https://forum.leasehackr.com/u/IAC)\ **Post date:** [March 19, 2024, 2:15pm UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/13 "2024-03-19T14:15:08Z")
> [@max\_g](#): > > None of the seasoned hackrs would touch it with a 100’ pole. That’s nice. OP has clearly researched the model and wants what they want. Not everyone wants to drive a soap bar shaped 50K Merc with a 50K battery pack. ---
**Author:** ![RadicalSaber](https://leasehackr.b-cdn.net/letter_avatar/radicalsaber/32/5_5575768a8748004e209b776fc1b2916d.png) [@RadicalSaber](https://forum.leasehackr.com/u/RadicalSaber)\ **Post date:** [March 19, 2024, 2:25pm UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/14 "2024-03-19T14:25:16Z")
Definitely something to consider looking at CPOs. However I don’t like to buy used and the 430i with the new BMW grille is ugly as heck. There’s no way I am paying for that despite it being more car for the money. 2022 230i CPO is a better sports car for me BUT it’s the first year of a refresh/gen. Again I wouldn’t buy a first year of anything. 2024 is two years in for the 2 series so acceptable for me. If I am buying luxury, new with no hidden issues due to previous users abuse is attractive. ---
**Author:** ![max\_g](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/max_g/32/9426_2.png) [@max\_g](https://forum.leasehackr.com/u/max_g)\ **Post date:** [March 19, 2024, 3:00pm UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/15 "2024-03-19T15:00:25Z")
So what’s a new car that fits into your budget? ---
**Author:** ![RadicalSaber](https://leasehackr.b-cdn.net/letter_avatar/radicalsaber/32/5_5575768a8748004e209b776fc1b2916d.png) [@RadicalSaber](https://forum.leasehackr.com/u/RadicalSaber)\ **Post date:** [March 19, 2024, 3:04pm UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/16 "2024-03-19T15:04:28Z")
GR86 Premium - 2dr RWD coupe, would get it with manual. Noisy and zero luxury but otherwise handles like a Porsche ---
**Author:** ![LBoston](https://leasehackr.b-cdn.net/letter_avatar/lboston/32/5_5575768a8748004e209b776fc1b2916d.png) [@LBoston](https://forum.leasehackr.com/u/LBoston)\ **Post date:** [March 19, 2024, 3:15pm UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/17 "2024-03-19T15:15:34Z")
It’s a lease. Who cares what the battery pack costs? (off topic, but I didn’t bring up a battery) ---
**Author:** ![holeydonut](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/holeydonut/32/146662_2.png) [@holeydonut](https://forum.leasehackr.com/u/holeydonut)\ **Post date:** [March 19, 2024, 3:33pm UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/18 "2024-03-19T15:33:26Z")
Since the buy rate money factor on this lease is similar to what a loan-financing rate would be, you can take advantage of the lease structure to drive your BMW for a few years. If you like the car and feel it’s right for you long term, then you can finance the buy-out at a future time. As others noted the lease you posted could be improved. Shoot for improving your lease to make sure you get that buy rate. If you dislike the car and return it down the road, there isn’t a significant penalty to do so beyond the nominal disposition fee. Plus, during the lease term, you are making minimal payments without trapping your cash in your depreciating asset. Seems like a win-win for you. You get to drive the car you want. You get to take advantage of a financing instrument that confers great optionality. Just make sure each month you try to save some money in a high-yield account or at worst a CD-ladder as if you were making loan payments that included both principal and interest. ---
**Author:** ![max\_g](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/max_g/32/9426_2.png) [@max\_g](https://forum.leasehackr.com/u/max_g)\ **Post date:** [March 19, 2024, 3:36pm UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/19 "2024-03-19T15:36:24Z")
So that sounds like the obvious choice then ---
**Author:** ![LBoston](https://leasehackr.b-cdn.net/letter_avatar/lboston/32/5_5575768a8748004e209b776fc1b2916d.png) [@LBoston](https://forum.leasehackr.com/u/LBoston)\ **Post date:** [March 19, 2024, 3:39pm UTC](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809/20 "2024-03-19T15:39:50Z")
OP: I think the calc score (5.3y) should tell you what you need to know. It doesn’t sound good. FYI: I just signed a $0 out of pocket lease on a $118k car for the essentially the same monthly payment. There are deals out there, that’s not one of them. CPO is not a bad idea either. Here’s a leasable 2023 (searched on bmwusa for pre-owned, turned up a leasable option): [https://www.crevierbmw.com/inventory/used-2023-bmw-2-series-230i-xdrive-awd-2d-coupe-3mw33cm05p8d58918/?adobe\_mc=MCMID%3D40965859204625263053903839642400774131|MCORGID%3D29C8F0CC540D9E5E0A4C98A1%2540AdobeOrg|TS%3D1710862670&sd\_referrer=cpo.bmwusa.com](https://www.crevierbmw.com/inventory/used-2023-bmw-2-series-230i-xdrive-awd-2d-coupe-3mw33cm05p8d58918/?adobe_mc=MCMID%3D40965859204625263053903839642400774131%7CMCORGID%3D29C8F0CC540D9E5E0A4C98A1%2540AdobeOrg%7CTS%3D1710862670&sd_referrer=cpo.bmwusa.com) Looks like they have a couple. [Next page](https://forum.leasehackr.com/t/deal-check-bmw-230i-2024-model/538809.md?page=2)