Hello! In September 2021 I ended up getting 6% off msrp for a 2022 m550i but the MF had a markup to .0013. $82k msrp and monthly is $895 with $3k down.
I would like to change to the x5m50i and was curious if anyone has advice on how I could trade for that and what I should expect/try to get for the new car? Thx!
The most important piece of advice in this situation is to keep the new car and trade transactions separate.
A) Research broker listings in the Marketplace, you can see exactly what your best case scenario will be on a new X5 lease.
As noted above it’s going to be next to impossible to get your same payment if that’s your goal.
B) Completely separate from that, solicit quotes on your current M550 from the usual online buyers like Carvana to see how much (if any) equity you may have.
Once you’ve completed steps A & B above you’ll have a much clearer picture.
List your M550i in Private Transfers. Figure out what down payment you want, if any. Take a look at the format and other info requirements and get it listed. I would suspect a reasonable time period for transfer is somewhere between 2 to 4 weeks after applicant approval.
My lease buyout was 60k and I traded it in and it covered my drive off costs of 2500 for the new lease I was lazy so didn’t wanna sell myself and the car vslue was around 68k