went to the BMW dealership looking to get a lease on a 2018 X3 and was presented with this…
seems way too high and I have a feeling the seller was just trying to get rid of me by ‘scaring me’ with this quote
thoughts?
Well they are giving you $0 discount and it looks like you are eating a $2k loss on a trade in that’s baked into the lease cost?
Edit for typo 
Well 2k loss - but yeah no discount off msrp.
Please transfer this post to worst lease deals ever. 915 a month with 3k down for an X3 is hilarious
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the buyout on my trade in was $23k and they quoted me $21k for the it (I was expecting to go even given that KBB was quoting me $25k for my vehicle) so it added a bit to the cost.
still, it shouldn’t have increased it that much…
guess at answers my question, then… lol
how can I get treated seriously? I thought I was being legit serious about purchasing, maybe next time don’t bring the trade
They didnt want ur trade in thats why. Common for a dealer if he sees its hard for him to sell. Take it to carmax. Are u sure they listed dealer payoff? Cause of its off ur statement then its incorrect as includes tax. Give it to car max and cut a check for the 2k difference. Make a deal from scratch and get numbers from other threads
Do your research. Do not go to a dealer until you have understood the following terms:
a) MF
b) Sales Price
c) MSRP
d) Residual
e) Manufacturer Incentives
f) Lease calculator
Once you understand those, you will be fine … good luck !
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And btw, if somebody were to mail a package of raw feces to the person who quoted you that price, it should be poetic justice…
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Typo sorry. As others have said, terrible deal I would move on
I know about all those things, been lurking here for a while studying up and learning (which makes this more frustrating). When I saw the numbers I even asked him what the money factor was and to give me more details but he didn’t supply them because “that’s when we do the big sheet quote”
In retrospect, I think I know why this whole thing was doomed from the start:
1.- bum trade (I expected to break even, so this at least gave me some insight on the ‘real value’ for a dearlership)
2.- spoke about my current payments and ‘wanting to keep it close to that’. My payment is $550 and I know I shouldn’t have said that (almost bit my lips as I was saying the words); tbh, I knew it was going to be signficantly more and was prepared to negotiate.
3.- The car I wanted wasn’t available in any of the surrounding dealerships and was going to have be ordered custom (I think this is the most important one).
The last one is surprising, the 2018 X3 come with the wireless charging and wireless carplay, it’s a thing I’ve been lookfing forward to a longtime. Seems no X3 in stock in the area has the wireless charging feature…
Anyway… interesting learning experience; I’m still kind of pissed off, though
The funny thing will be they are going to keep calling you every week asking if you are still in the market for a BMW.
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Please identify this dealer. I need to know.
AdvantageBMW in Houston, TX
From what I’ve gathered, Texas isn’t the best car market, but if they were to contact you again I would request to speak to the GM and make clear what happened. Everyone is an influencer and there is always a price to be paid for supreme greed. The sad part is people sign those deals and suffer severe financial hardship as a result.
HOUSTON… figures… bad deals in houston most of the time.
This could be used not only as a perfect sample for “The worst lease…” but also as example of why not to take your car to trade in, possibly a specifically BMW.
I’d recommend to funnel your pissed off energy on finding a better dealer, possibly traveling further away, but eventually hacking that lease.
Your lease price should of been worked out over email before you ever got to the dealer.
they have all the power you need to work on a different dealer your toast at this one.
If you think this is horrible deal , talk to the PHX dealers ! bunch of egoistic morons