Deal Check - BMW iX xDrive50 in Texas

[z0lt3c]

@jananth1

an idea of what the depreciation on them is looking like these days

I would still be expecting $1K/mo depreciation, especially with the refresh Model 3 out, there is no bottom here, only pain.

2022 TESLA MODEL 3 AWD 4D SEDAN PERFORMANCE

2021 TESLA MODEL 3 AWD 4D SEDAN PERFORMANCE

@Kilowattz

~$1700 for UHP A/S

Are we really buying tires from the dealer? This does not residualize into the lease, I would rather see you use a 0% credit card offer if you want to finance tires.

[holeydonut]

Carvana says our 2021 model 3 performance has appreciated!! It’s like a Vinfast VF8.

Unfortunately this is still $12k less than what we dumped it for in April 2023.

[IAC_Scott]

@max_g

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.

When was the last time iX programs were this bad?

If one can, why wouldn’t they wait?

I agree, which is why I always tell people that the best time to get a good deal is when you’re not in a rush to get one, but that also doesn’t mean you just wait indefinitely for some potential that the program may possibly one day get better. What’s the cutoff? Let’s say OP wants an iX specifically, how long do you wait? 3 months? 6? A year? What if it gets worse?

If a program is so horrible that a car isn’t even worth leasing then you move on to something else, take the best deal you can for that particular car, or maybe wait some reasonable amount of time to see if there is improvement. But the program here isn’t so horrible that this car isn’t worth leasing, far from it.

Let’s rewind to late 2023 when BMW stepped up to put that $9,900 rebate and went to .00111 MF on the iX, people snapped them up like crazy around here, it probably was our best seller for months. Then, in December, BMW went crazy to boost EV numbers for 2023. So you say when was it “this bad” but I’d argue the program before this was already very good and selling very strongly. It was bad in early and mid 2023, that objectively wasn’t good, but I don’t think you can now say that because we’ve seen it better that this program is now bad.

Also, I’m not a real estate agent, so I don’t always tell people it’s a good time to buy. I tell people daily that programs are bad and to not lease certain cars, but the iX is not one of them.

[rivers2mathews]

This tracks with the M3P I sold back in June. I did a Carvana quote for it the other day with the additional miles I’ve driven since (~4k) and the quote was $12k less than what I sold it for.

[Kilowattz]

@z0lt3c you got me on the tires…that was pure laziness honestly. So that I could drive away with A/S tires and not have to make an appointment somewhere. Plus he was willing to throw in install, so it ended up not being much different then Discount Tire, and with the interest rate low, I could keep money in better investments.

This is a very enlightening and helpful. I may not be successful at negotiating but at least I successfully spurred a lively discussion!

[trism]

I’ve had very good experiences with tire prices from BMW dealers.

And a couple of cars ago the INFINITI dealer aggressively price matched. Once I asked them to match Discount Tire and emailed a link, but when I picked up the car they’d found a better price at Sears Auto and matched that instead.

Obviously this isn’t universal, but it’s pretty easy to comparison shop.

[Wtmeyer]

Sears Auto? Wasn’t that like a couple of decades ago? I think they have been replaced by Costco now!

[trism]

~5 years ago. I believe there are still a few around.

Last BMW dealer experience was ~7 months ago.

[Kilowattz]

Some other considerations on whether I can wait. A “better deal” would have to:

1. Offset further M3P depreciation. Some debate over the merits of this reason, but hey less money in my pocket from the outgoing car would offset a better deal. E.g., I have a second Carvana offer on a backup account to see what would happen when my main offer expires Saturday. The new offer is $500 lower (and I’ve already extended my main offer once).
2. The Texas EV rebates accepts applications into mid to late March at the latest, but could have funds depleted before then. That’s $2500 that a better deal would have to overcome.

Just my rationale on trying to move sooner than later…reading the above posts certainly wishing I made a move in December, but at that time I wasn’t considering the iX yet…

[HHH_SHAH]

Last year end I negotiated this car to $730/month with max MSD
I see the $797 package and MSRP and I know it’s them. lmao, damn they really insist on this add on. And I’m suprised they didn’t sell it yet. I should push for more discount, but I just can’t justify paying 2500 for useless sport package

@Kilowattz

The Texas EV rebates accepts applications into mid to late March at the latest, but could have funds depleted before then. That’s $2500 that a better deal would have to overcome.

Already gone

[IAC_Scott]

@HHH_SHAH

Last year end I negotiated this car to $730/month with max MSD

Somewhat irrelevant given that it was a different program, or the OP should at least understand that that might not be possible anymore.

[holeydonut]

This using prior deals to measure current deals is pervasive on LH. You missed the EQS Superthread where some LH users kept telling subsequent folks interested in EQS leases that the latest deals were bad.

All the good deals were snapped up, so some users assessed the later deals to be garbage and a stiff overpay when compared to those previous deals… basically talking people out of leasing the EQS even when the latest deals were still really good (but not HersheySweet-Good).