Insight on 2024 BMW iX50 Lease

Ask the Hackrs
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1

I ask for an initial quote today for a BMW iX50 lease for 36/10 with an MSRP of $96,xxx from two dealers.

The first dealer sent me this:
92,xxx selling price
Cash due at signing 12k (asking for around 6k down with tax)
Monthly $879

The second dealer sent me this:
Cash due at signing is 11k (with 4k down)
Monthly is around 900.
They didn’t send me any additional information about selling price.

Took a look at the forums and saw that residual value is 53% and market money factor is .0011.
I don’t really know how to put everything into the calculator (probably need more detailed breakdown from dealer?)

I feel like these two deals are not that good. Why is there so much cash due at signing? Would greatly appreciate any comments.

2

What is your zipcode?

3

Use broker here. Some are local to new york. You might be able to get under 900 with 0 down. Your deal does not look good.

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Here’s an example of what a good deal would look like with NYC tax:

You don’t actually have to pay your taxes upfront, but for the sake of comparison

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5

Both deals bad. No need to put money down on these.

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It looks bad because you asked the dealer to tell what they want you to pay. What you need to do is get the MF, RV, and incentives for your zip code, then use the calculator on this site to structure what you want your deal to look like. From there, you should email the dealer with the deal you want and tell them you are prepared to come to their dealership today to finalize everything if they can agree to the terms of your deal.

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7

Which field have you been unable to enter?

8

I went to a dealer in Charlotte and they were bad. I knew what people are getting for an iX from here and the dealer was nowhere close. I’m now looking to lease one via a broker here.

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I’m actually doing 11% off with base MF and can blow all of these out of the water.

@cmn1 - I can save you almost $50 a month and $6,000 at signing.

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Yup wasn’t any better in Raleigh. Broker is the way to go.

11

CA
MSRP- $103,060
Discount- $9,275
Selling Price- $93,785
Rebates- $10,400
Your discounted price- $83,385
Residual value- $54,621.80

Down payment- -$6,648.19
Down payment tax (08.125%)- $845

Estimated monthly taxes- $68.23
Estimated fees- $1,051.75
Acquisition fees- $925

Due at signing- $10,000
Monthly payment- $907.98

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@Devilzjester Welcome to the forum. Your due at signing seems to be a lot due to down payment.

Your DAS: Down payment + Down payment tax + Estimated fees + Acquisition fees (this is approx $550 short of $10K figure you have, am I missing something).

What is your Money factor ?

Check with @AutoCompanion and @IAC_Scott, they have great deals on iX.

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