Traditional Lease: $1,096.75 / Month with $1,817.75 payment out the door
(Already includes 3 oil changes) and they are going to write me a check of $652 for the last month payment of my Audi Lease
Balloon Purchase: $1,229.06 / Month with $0 payment out the door
Reason why they ran numbers for both lease and balloon is because I live in Chicago, and I pay taxes twice for traditional lease. But it appears that the traditional lease number came out “better” compared to Balloon Purchase
I think the MF is like the lowest I’ve ever seen so far, but I still think there’s room for improvement in terms of monthly payment.
I would like to ideally get it down to as low as $800-$900 per month with $1,500 out the door payment.
Do you guys think I’m being realistic or am I smoking something?
Also, given that I live in Chicago with bad weather, do you think it’s worth it to purchase the tire & wheel insurance?
No way that MF is correct. What is the sales price? There’s no way the dealer is going to give you another $10k+ discount to get to your desired numbers.
Yea, BMW’s buy rate MF is .00099. Something is off if they’re quoting you .00040.
Standard advice: get all the numbers from the dealer then come back (MF, pre-incentive discount, incentives, fees, etc.). It’s next to impossible to provide any meaningful advice with these details left out.
Given the choice between a pre lci m5 and a post lci m550, you already know where I’m going with this…
I think it boils down to whether you are willing to pay $1000-$1100 for a new m550 and if you are then you should seriously test drive a used m5 and see what suits you better.
As much as LH hates it Tire&wheel is a must for low profiles + city driving, these super sport sedan rims aren’t cheap.
I believe the sales price was around $78,000
They had it all written on the paper, but they won’t let me take it with me or take a picture of it
Salesman said he will get in trouble if I do
Spend some time searching through the Marketplace section here. There are a number of BMW broker listings, many with spreadhseets that list models, discounts, incentives, etc. Getting a good deal takes time and effort; If you don’t want to put in the time then hire a broker.
Most brokers can order you a brand new M550 at 10-11% discount pre-incemtive, base MF. Your deal above looks to be somewhere around 0-5% pre-incentive, impossible to tell since we don’t have the numbers.
Heck, over in the Lease Transfer section someone jyst posted a 2020 M550 for $740/mo pre-tax.
A little under 10% pre-incentive at buy rate isn’t bad by any means. You’ll need more incentives to make the monthly more appealing, but if you don’t qualify for them, there isn’t much you can do.
