I was looking at BMW XDRIVE 45 DAPP PREMIUM package model. But as there wee no bigger deals, I left it. Yesterday one dealer called and told that he has a rental car which has 8000 miles on it 2025 model and wanted to check whether I am interested . I was not aware that how a rental car can be leased.i don’t know whether rental and loaner car are same. So I wanted to check with you all before proceeding
How much discount on MSRP can be expected / can be negotiated ?
what are the other factors I should check and aware of ? Any pitfalls to avoid ?Any advice will help
Be aware the warranty clock starts when they put the car into their service loaner fleet. Ask for a CPO warranty to cover the extra period you will be out of warranty. Their have been several discussion here on loaner BMW IXs, so you should be able to see what kind of deals are being offered.
I didn’t understand this part. If there is a ix loaner car with 8000 miles, 10 month in service loaner vehicle how the residual drop impact or help me. Can somebody educate me on this ?
I see that residual is 52% for 3 year , 30000 miles. So will that become 52-7=45%? if yes. that will impact my monthly payments badly right ? I am confused on this
If this understanding is wrong, can I treat loaner car lease as new car lease for simplicity calculation purpose with advantage loaner car has 20% or more discount . I didn’t see this 7% calculation in dealer provided quotes and there is no $0.25 x 8000 miles-500 calculation also. Car model ix XDRIVE
if I take 3 year lease , 30k miles, I am eligible for getting maintenance and warranty in this duration right ? Or should I negotiate dealer for providing these coverage. I don’t want to pay anything extra
if loaner car has any wear and tear. How it’s compared against when I return the car. Will they do photo comparison before charging me for wear and tear at end of lease
You basically need to your due diligence and be your own advocate when getting a loaner/demo. It’s not much different than getting a used car except that it qualifies for a captive’s new car specials. You’ll need to take note of the “in service” or “punched” date.
As others have mentioned, you’re getting better pricing (in theory) to account for the wear/tear, reduced RV, and other imperfections that may be there upon delivery. You can always have the dealer correct noted deficiencies, and they most likely will. If there is still angst about getting a loaner/demo, maybe it’s not quite right for you at this time.
Or maybe your questions will get better answers If there is a specific car (make, model, miles, year, trim, etc) that you have in mind. There is so much variability that the standard answer will be… it depends
This was my first question related to original thread .
““I see that residual is 52% for 3 year , 30000 miles. So will that become 52-7=45%? if yes. that will impact my monthly payments badly right ? I am confused on this””
So it’s negatively impact my monthly payment right
Could you please help to elaborate more on this using math . As mentioned in this wiki if it reduced by 7% more, it goes from 52-7=45% which is big impact. Still how loaners are having better numbers or why all dealers are not reducing this 7% . They are keeping it at 52% only.
BMWFS sets the RV so there is nothing you can do about it. RV’s vary from car to car and their circumstances (year, mileage, etc) and can change monthly.
Only things you can really negotiate are selling price and MF (no markup). Be sure you understand how your DAS is built.
Personally I would not lease any vehicle let alone a loaner before you can calculate a lease. Take a step back and learn the basics before you proceed.
If you’re asking how the total cost of the lease can be lower than an equivalent brand new car, it’s when the discount is higher by enough (to overcome the RV penalty).
