I’ve become accustomed to hearing the $5k+ over MSRP that dealers around NYC are charging for in stock 2022 X5 xDrive40i, but my local dealer that I’ve worked with a lot in the past offered me an incoming unit for MSRP and base MF. I saw some brokers were offering slight discounts or orders but I don’t have the time to wait as my current 2018 Lexus GX lease is about to mature at the end of January. That GX however, has $7,800 in positive equity, on top of my $1,000 loyalty for X5 and I have a $1,000 OL-code. I am confident that the X5 is the car I want, just wondering if anyone can advise me to Lease or Finance it in this crazy market. Thanks.
You should probably run the numbers and compare monthly payments.
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Your positive equity does not have to be taken into consideration for this. Only advantage would be if they could it from you and used that value as a trade in, your taxes due would be decreased by the sales tax on the $7800.
Otherwise run the numbers and see what you prefer:
Lease will have a lower payment. You are not on the hook for diminished value if the car is stolen or in an accident.
Purchase will cost more but the X5 does qualify for for the Section 179 deduction. You can decrease the sales tax due by (the trade in amount) *sales tax
Finance an X5 till the numbers get better…
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Thanks for the feedback. I’ve looked into section 179 deductions in the past but I do not have an LLC so it would not apply to me if I’m not mistaken. Also the Lexus is being traded in so the $7,800 should be applied as a trade in value.
Any extra incentive you might qualify for?
PenFed has $3,250 bonus cash for X5. I’m not too familiar with PenFed, can just anyone become a member and finance through them?
There’s a qualifying period after joining.
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If you are in the 5 boroughs you may want to lease. Accident is going to diminish your value as the other person said, especially if you only have street parking.
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I’m in Texas and just purchased an X5 a cpl days ago. I got 1% off and $1k loyalty.
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IDK of any other topic where people focus so much energy and waste so much money protecting themselves against something that has such a low probability of happening.
You will need to be a member for 60 days. I also had OL and loyalty but the dealer said it was not stackable. So Penfed is a better deal but it’s moot if you need car now.
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Was it challenging to get the dealer to agree to that? Im going tomorrow and I guess it doesn’t hurt to try, although I expect them to laugh in my face.
I’ll do $2,000 and rebates. 
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No it wasn’t. @IAC sounds like the way to go. Just so happened I saw the car the night of the 30th, called when they opened, it was not pre sold, said it expected delivery that day or Monday, landed an hour later. Was able to have them not do “tint” and “paint protection” to avoid bs fees and we were very specific on the options we wanted and this hit 90% so we jumped on it with a solid trade value on ours.
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If things don’t work out at my local dealer tomorrow you can expect to hear from me. Going to be interesting to see how much they value repeat customers business in a market like this.
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Awesome spec, I love the shadowline and 22" wheels. I’m not expecting my dealer to move off of MSRP by much or even at all, especially since it’s an xLine with few options. Doesn’t hurt to try though.
I’d have to go back and look but I could have sworn I offered you $1,500+loyalty on a ground unit then from a North Texas shop.
If not though it wouldn’t have taken a lot of arm twisting (on my end) to get there.
The cars at the time didn’t tick all the boxes unless the msrp was too high for us. If I ordered I believe it was msrp.