All - appreciate some input, as I’m pretty much a lease noob (leased once, long ago, without much knowledge). I’ve looked through some of the other iX deals…but I’m honestly not smart enough about this to make apples-to-oranges comparisons when the vehicle cost, trade in, taxes in different states, money down, etc. changes even a little bit!
-MSRP: $97,545
-3-year/10k miles per year
-Additional cost incorporated into monthly payment: ~$1700 for UHP A/S tires (it has summer tires on it, but I prefer A/S - have summer tires now and hate it, but I will take the summer tires with me and try to recoup some cost)
-Also has a mandatory $797 vehicle recovery system added
-Dealer discount: $6530
-Rebates: $9,900
-Since it’s Texas, 6.25% tax for full price of car
-Money factor = 0.00151
-53% residual
-DAS: $6400 + first month’s payment
-$1052 per month (was $999 per month prior to adding the tires in)
I think I have a pretty good deal - but that could be ignorance talking! Thanks in advance.
Oh yikes, that bad? Never thought to ask about sales tax credits. The dealer told me there was nothing else he could throw in, but that could just be talk.
I could wait - was looking to offload my Model 3 Performance before values plummet anymore but looks like they might have stabilized a little.
0 drive off (less money down on a lease is pretty much always better)
For a 36/10K iX with MSRP at $97-98K and the above, you should be at ~$1k/month including taxes.
I agree with @max_g - if you’re not in a rush, there’s no harm waiting because we’re just coming off of a BMWFS year-end blow out of EVs (and the iX in particular). BMW even slowed down/reduced iX production allocations for the month of Jan/Feb, so they’re taking a breather. Many folks here got 10-12% off + MF of 0.0005 and paid $800-900+/month (incl. tax) on almost fully loaded iX 50s i.e. MSRP >$100K.
If you just want to get out of your M3P into an iX, then work with one of the brokers on here esp IAC Scott for Texas to get a good enough deal around now.
The pause in production is for switch to 2025 (We can take orders for these now)
Don’t expect substantially better base terms on 2024’s to come about until end of Q2/Q3 at the earliest when 2025’s start hitting the lots. Thanks for the shout out though!
Interesting - dealers are taking orders for 2025 iXs?
Yea, 2H is when I expect better financing terms to hit the market again, so if OP can wait, perhaps he should. No point waiting around for better terms in Feb or Mar.
Because leasehacking is about striking when conditions are most favorable, when lease programs are at their best, ie the best combination of RV, MF and incentives.
If this is the main reason, it’s not a good idea. @z0lt3c could probably give you an idea of what the depreciation on them is looking like these days, but I bet it’s massively slowed compared to a few months ago
Say you were shopping in January when there was NO EV pass through and MF/RV was similar to the rest of the lineup.
How long did it take for your ideal condition to materialize? 10 months. If you have the luxury and wherewithal to be waiting 10 months then that’s your prerogative but most people do not and are not in such a position.
The current program is what’s been present (aside from the brief enhancement) since mid-July and take it from someone who actually knows the product, drives the product and sells the product that they’ve sold perfectly fine at that price point.
