MSRP 64200. 36/10k on a loaner car with 4k miles.
950DAS plus 8600 from a trade in.
518/mo. which includes all taxes.
I asked for MF .00099 and $11000 off, which they claimed to give, but they fudged the other numbers to make me think I was getting those on paper, but them monthly payment was higher than it should have been. I wasn’t able to calculate on the spot to verify the numbers and unfortunately let it happen to me. They are incredibly sneaky if you don’t know how to calculate lease payment backwards and forwards…
In the lease hacker calculator, I basically worked backward from the monthly payment. The selling price includes the texas sales tax. So I think in the end I got about $10k off MSRP.
How did I do? Go easy on me, it was my first purchase ever.
I’m beginning to think people make these posts for their own entertainment. Either say I’ve never used the search function in my life or I’m trying to get a rise out of this forum…
Come on man, it’s not even worth going into the 8600 down or whatever MF / fees they have up charged you…
There is almost always active broker X5 loaners at 16% + discount…
This is a badddddddd deal. And please drive safely, that car has a lot riding on it…
Yea I mean…did you even search on here first? There are tons of data points on this here which would have shown what you should be targeting.
I’ll bite… OP, do you know what incentives you qualified for? IIRC correctly, There’s $1k lease rebate, and $1k/$750 for loyalty/conquest.
Anything else you applied to this?
The least expensive one with the 360 camera is $2,600 more, and that would be at about $640 with $5,330 at signing (tax is $3,500) + MSDs.
This is the broker deal…dont think its that far off?
Not to hurt your feeling but since you asked, this is Horrible deal im sorry What did they do with lease incentives??
You should have NEVER put down that much money, instead You could have used it towards MSDs
I think this is the first deal/offer I’ve seen here since joining with no incentives applied. I let out an audible “oh no” after seeing the 8500 - 0 - 0 on the cap cost section of the calc.
To the OP, I really hope you love the car. Come back before lease end and hire a broker before signing another deal!
8600
[(28*8)+((600/1000)*28)]= $240.8 tacked onto your $518 payment= $758.8 effective not accounting for DAS. Thats your data point to run out and compare w other X5 leases on here
Was the broker’s deal for a loaner or a brand-new car?
Back out of this deal if you can. If you can’t, enjoy the vehicle. Next time post BEFORE signing
Live and learn. But here’s how you got screwed, it’s essentially with your trade.
I don’t recommend anyone to make any sort of downpayment whatsoever.
You rolled $8600 of positive equity from your trade into your lease payment, plus you did $950 DAS. So basically $9550 out of pocket. God forbid if there was to be an accident, you will lose the entire $9550 as GAP insurance will not make you whole. The smarter way to go about this is to do MSDs instead. BMW allows you to do up to 7 MSDs. MSDs reduce your money factor, which in turn means a lower payment. In a case like this, you’d be looking at saving $30 bucks a month. You get the MSDs back at the end of the lease and in the event the car is totaled/stolen etc. Not the case for a downpayment.
Also deal wise, I ran some numbers on a broker deal on this forum
You could do a brand new X5 for the same MSRP as yours for about $470+tax a month if you structured the deal the exact same way you did this time around.
I think loaners are in short supply but the going rate seems to be 16.5% off on broker deals.
In this scenario, structure the exact same way, you’d be looking at $347+tax per month.
However this is how I’d suggest you structure the deal. Pay close attention to the total lease costs in all scenarios. This is the same loaner deal quoted above, but structured better. You end up putting $4200 towards MSDs, which you’ll get back.
At the end of the day, the X5 is a sweet car. At least this is your first lease. There are people out there getting ripped off consistently lease after lease.
One thing to consider folks - it’s a Texas deal, so taxes would have been due up front. This probably took a good chunk of the positive equity
Couldn’t he just find a dealer with tax credits? I have no idea how TX taxes work btw.
Lol. Don’t say always. Texas, should’ve called @iac, they know the market.
M3, might have been difficult, I know iac only has credits on certain cars at certain times. TX isn’t my market.
Basically the problem is people don’t see it as a 9.5K payment. The positive equity coming from the trade is some fictional free money that they have and not accounted when mental budgeting
I think OP probably feels like shit rightnow hating that salesman more than anything behind that fake smile
Thats how i felt when i got ripped off hardcore but you learn from this. Kind of expensive way to learn
I said “almost” always 
That’s not really how the calculator works. Everything has to go into its place.
Taxes in TX are the third option on the LH calculator at 6.25% normally or 1.25% with credits.
Hi all! Would love your take on how I did:
2020 BMW 840i
MSRP:$96,145.00
M Sport Package
Driving Assistance Package
Total out of pocket: $5k includes drive off
$904 with tax (9.5%) and includes the break replacement warranty+ one payment of $799 from my last lease
Thanks!