Got this offer below from my local Florida BMW dealership for a 2024 i4 eDr40. Wanted some insight on anything I may be missing also what the public/brokers opinions are on what I was offered:
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got this deal earlier from a dealer in the midwest in Feburary, they don’t have anymore unfortunately but use this as you wish, IMO you can probably find a dealer giving you a similar price on a 2025 I4 for what you’re being offered right now
I appreciate it, just want to make sure I understand what im looking at… So for a 36/mo term your looking at a $260/mo payment with $4,000 down?
Correct, I ended up doing 374 a month with just first month payment (374) but if you want to put more down you can.
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Offering a deal from 5 mos ago as a reference? Might as well be 5 years ago in today’s market. And now suggesting to put more money down??? Any more bad advice?
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Wasn’t really wanting to put anything down, just looking for clarity. Would the price not slightly drop over time? And if not and it raises, why is that? I appreciate the concern but I would love insight and maybe some guidance.
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I see that the link provided to me has the monthly payment listed as $352. Should I be looking at the Effective monthly cost instead? I was under the impression that higher number was Due At Signing divided by the 32/mo term plus the monthly rate. Leaving my actually monthly at 352 and a gross monthly at 456. Is 352 being my monthly responsibility for $0 down not better than the breakdown you sent?
Thanks in advance
I looked at your sheet, it is 352 a month with 3605 down at signing which makes it the same as 456 a month with 0 down (your effective payment) over a 36 month period. What i was sharing earlier was my deal was 374 a month with just first month payment making mine a bit better. I think there might be more room to negotiate
Ok makes sense, thank you.
Ask your dealer for a deeper discount given high mileage. Confirm in service date to see if there’s 36 mos of warranty left (if not, circle back to that discount), ask if they have already replaced the tires as an EV loaner with 13K won’t have great original rubber (guess the next move if the tires are worn!)
Finally, see if they are willing and able to do MSDs and don’t put any money down unless you really want to pay first month and maybe some fees… really no need for that with 8500 in rebates.
Shoot for this and GL!
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I greatly appreciate the advice. 
This is my deal. Not happening. We’re already past the amount of write-downs given on this loaner. I was also sent that sheet from February for comparison, and terms were completely different then.
Loaners are sold as-is unless there is something seriously wrong - dealership replaced a tire recently when they noticed a defect. MSDs are allowed.
I remember
Completely understand, and appreciate your response. All good though we spoke and it was decided I will most likely be taking my business else where.
Thanks again for the follow up, I appreciate the fact you were upfront.
Fair enough but they’ll have to start thinking about cutting losses sooner than later. And they’ll have plenty of company in the next 70 days or so. This might be the greatest game of musical chairs coming up. Totally expect some casualties on both sides lol!
That really depends on the store.
Not really. The other one sold to a retail customer very easily. They will sell.
They won’t tho, and this is something I think a lot of people here don’t think about when it comes to loaner deals, especially in major metro markets that have a ton of walk in traffic.
It goes something like this:
Walk in customer comes in, wants i4
Dealer quotes insane/normal pricing on new one
Customer isn’t interested
Dealer quotes moderate 15% off discount, says car is a demo, like new, shows them the car, they love it
Dealer closes loaner sale for 15% off
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Absolutely, but they still have to move a ton of metal over the next 70+ days or start thinking MMRs which will probably take a dive in October. Good ole supply and demand but over a very limited time frame with a hard stop. Thus a musical chairs reference.
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Yes, if I was a dealer I would certainly really want any 2024 loaners gone ASAP, but they could also easily lean on their sales teams to sell them at a much lower discount, do an email blast even at 16-17% off, etc.
My point is, there are ways to move them that don’t involve dipping below cost/write-down.
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I’m sure most will! Some may choose to hedge the bets or choose to take out an insurance policy by taking a small loss getting close to the deadline versus taking a complete bloodbath in October. And some (we know who they are) will be left holding bags. Locally, looking right at Santa Monica and Century West BMW and MBZ Encino.
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