I am second guessing my self on signing off on this deal. After contacting tons of dealers, this was the best i was able to get down too. Should i sign off on this deal? I contacted some brokers as well and no one has gotten back to me.
2020 BMW X5 M50I.
MSRP: $94,445
Discount: Roughly 8.1% $7,611.45
Monthy Payment NJ Sales Tax Included: $1,239
Drive Off Cash Down: $2500.00
Residual: 55% at 12k Miles
Money Factor: .00118
Total Lease Cost: $45,576
Lease Hackr Score: 6.6
So that discount is inclusive of whatever incentives are available??
Is 10 to 12% off MSRP before incentives reasonable with supply being reduced at the moment? I know before supply dwindled down that was something that people were getting. Just don’t know if it’s realistic at this moment.
Good question. I don’t know. Can only figure that out by asking dealers and looking at broker sheets.
Not my car of interest so I don’t know.
But my 2 cents, this high end price range has been less impacted.
I have a friend that sells Lexus in the Dallas area. He said their sales are only down minimally but supply is very short. Which usually means less dealer discount. OP is in Jersey and they had tougher restrictions on being open during Covid so supply may be better in that area vs Texas where I am.
Have you checked Marketplace and Shared Deals sections?
It looks like @nyclife is offering 12% off before incentives and base MF. Try reaching out to him, if you haven’t done so. Good luck!
What’s the best way of asking for these details to help with the negotiation?
Tell them what you want. Be clear about it so there isn’t room for misunderstanding. If they say no, move on. Be reasonable in your requests. If you are trying to get 11-12% off, don’t ask for 18% and hope they’ll meet you in the middle. There isn’t a secret handshake or anything.
So basically - based on better deals posted here, the suggestion is just show those cards and say what discounts, incentives, MF etc you want. And shop until you get that? As opposed to asking for their best offer and then asking for them to meet the above?
Sorry for hijacking the thread.
That’s my preferred method. If I’m asking a dealer for a very aggressive offer, they’re not making much money on it. As such, I make them do as absolutely little work as possible. My last few leases have been done in two emails. One to confirm the specific stock number is still available, and then I make an offer breaking out exactly what I’m looking for, and tell them if they can meet those terms, I’ll be there in an hour to sign. And when they do, I go sign.
Some dealers are turned off by a buyer being that specific with terms, so there’s no guarantee it’ll work. Also, you have to be damn sure of the validity of your numbers. Nothing will shut things down quicker than trying that approach and having your numbers wrong.
Actually your discount of 8.1% pre incentive is in-line with the broker deals i’ve seen lately on the X5 M50i’s. Discounts have dropped quite a bit bc of inventory shortages. Had you done this end of april/ early may you probably could’ve scored 11% off; which seems impossible for a while, especially on desirably specced out cars.
Also which brokers did you reach out to? Some are more responsive than others. Typically unless you follow the format for inquiries they have laid out, the don’t reach out.
Regarding your deal…
You have $0 as incentives…I think the incentives total out to $2500.
If the discount you have is post-incentive then this is a pretty bad deal as brokers can do 8-9% pre-incentive.
Also why not go X5M Competition? You’re shelling out $1250, add $250 and lease a far superior vehicle? The differences between the M50i and the X5MC are substantial!
check this out for numbers on an X5M comp
The first two pics are the M50i, the final two pics are the X5M Competition. Differences are obvious.
X5 M50i:
X5M Competition:
Thank you everyone for your suggestions and help. I took @M3-Fast suggestion and decided to go with the X5M.
Is this an M or an M competition?
Its a competition
I think its a great deal! They marked up the MF but gave you a steeper discount so it evens out.
Did you get it already? If so share the pics!
New I think this is a good deal, demo, that’s a diff story.
Thanks for the help! Didn’t get it yet. Dropped a deposit on it today and plan to grab it later in the week. I will def. post pics!
Very nice. Post pics.
