I’m in socal 10.5% sales tax. This is what I have cooking. Is there more room to push?
26 i4 m60
MSRP 78250
Selling Price 69643 (11%)
Incentive 3750
Adj price 65,893
7500 mile - 56% res
MF - .00085 - 10 MSD = .00025
$5k DOS (+MSDs they have me at $750 each but calculator says I can do $700, whats the min?)
$655/mo for 36 months
Is it possible to get 57% residual on this car? I’ve gotten 57% and 12% off msrp on an xdrive going as well.
You literally were the next poster after my recommendation to assume another lease to someone else shopping the same car. How does it make any sense to you pay $150 more per month for 36 mos ($5,400) while putting down $7k in MSDs just to save about $3k? What’s the ROI on that?
Looks like there’s a $5k down payment in addition to $7k of MSDs in the calc
Not to shill for my own transfer, but this deal is wayyy more expensive than my car on a transfer.
Looks like pre tax effective monthly is ~$733/mo here with the $7k in MSDs
They way I look at it is I put in $7k now and don’t spend another $3k over three years. It’s like I get back $10k on the $7k. So like 33%. That’s better than my HP stock did in the last 2 years lol
Not looking for a used car
I would not put MSD or any money down. Not worth it. But the cash in the bank. You will make more in interest that you save. Better put in a three year CD.
Your calculation is way off. You’re ignoring monthly price difference which is about $5,400 as I pointed out.
The right way to look at it would be to consider the cash outflow on a transfer which is his down payment ask plus transfer fees less what you would be paying down on your deal which results in ~3k delta. Now you’re going to be spending almost twice as much over the next 36 months and that’s even before your MSDs which are really a completely separate category.
As far as used vs new, it’s a 36 months rental and it’s totally and completely up to you how to price and value newness of another car which will also be used in just a few short months.
Using OP’s deal, what CD can you park $7k and turn it into $9592 tax free over 3 years? Agree with the cash down, only paying inceptions max.
There is $5k down.
$7k CD yields $7900, it does not make more than the MSD
BTW that transfer is $25k over 3 years for a 2025 m50 with 8k miles… no thanks
Exactly! And your deal is $28,544 plus MSDs. So it’s $100 more per month even without the MSDS ignoring the opportunity costs. Also ignoring that you’re getting 7500 annual versus 10K which is worth about $30 a month additional to those who need them.
Another way to look at it: $3500 for 8,000 Mi translates to about 44.4 cents a mile which is almost double what BMW charges for mileage.
Sure, I’m trying to get $26,500 over 3 months just seeing if something is even possible, would have to be 12-12.5% and or 57% residual
If your end payment is $655/month including tax, then each MSD will be rounded up to the nearest $50, so that will be $700 each (total of $7000 for 10x). It cannot be $750 per MSD. If they’re telling you otherwise, they have something wrong and the bank will not fund that contact if they push it through with $7500 in MSDs vs $7000.
The residual on the i4 M60 with 7500 miles is 56%. On the i4 xDrive40 it’s 57%. The residuals are set by the bank (BMW Financial Services) and cannot be changed.
I have some i4’s left in SoCal that I’m doing 12-13% off MSRP on. Feel free to reach out directly, happy to help: 818-314-1456
Thank you for the replies to my questions. It’s very helpful.
The only thing that moves residuals is miles per year, and maintenance plans. RV is not negotiable like MF is.
You’re leasing the car. In the case of BMW what do you care so long as maintenance and warranty are covered? It’s going back anyway
Huh? I want a new car, kind of the benefit of a lease…
Car buying is never a 100% rational decision process. There are many other factors that’s not easy to argue with. When I wanted the used iX or loaner iX, wife decided no ‘used’ cars in any form, so brand new was the way to go. If that makes OP happy, even though the math says otherwise, that’s what matters.
Ask for 13% off MSRP. Not sure if the inventory is limited on these. It doesn’t hurt to ask or shop around. If you have all the math and numbers with you with 13% and if that’s a comfortable monthly, you can offer to sign it right away if they can meet that
100% agreed
A lot of us here try to squeeze every last penny out of a deal and will pick any car to make that happen, but then ignore the people that want to get a “good deal” on the actual car they want. Two camps that are both right.