I am looking for a good deal on BMW 530e 2018 at Orange County, CA.
This post makes no sense.
Wanna edit this to something like “I don’t read, I’m here to leech and for someone to spoon-feed me.”
Unless you were only testing out posting a topic (and accidentally published it), you did not replace the above text with your specific information. That template is the one the forum automatically generates to give you an idea of what you should include in your own, @usaman45 .
That is still not enough information for you to get help here. The template is there for a reason and is a guideline to what you need to supply. Those on the forum are of tremendous help. The members give information they could charge for in my opinion (to be clear, I am not one of them). But you have to do some of the work. Once you do that, others will help. Without it, your topic will not see action.
A broker may be the route you wish to go (but they do deservedly charge for their services).
Wow, the internet can be so cruel can’t it?
I think you mean you want an idea of:
- Expected discount off of sales price from the dealer
- Applicable rebates from BMW
- Money factor and residual used to calculate the lease price
Generally for BMWs, I think most people shoot for at least a 8% discount from MSRP. There’s at least $1,500 in lease cash from BMW Financial. The current money factor as provided by Edmunds.com and residual is .00152 and 59% (36 months and 10k miles a year) or 58% (36 months and 59% a year).
Using those numbers, I estimate a $60,000 2018 530e would be discounted by about $5k and cost $674/mo before taxes. It’s not a terrible amount to pay for a nearly brand new car, but it’s also not what most people on this forum would consider a good deal.
But given how new the 530e is, and how BMW is currently focusing on profits above sales volume, it’s going to be tough to get a truly good deal on this car.
Also, if you currently lease a BMW, note that you can get a 2 month extension (same terms) no questions asked from BMW Financial. I just extended my lease to see if deals don’t improve by the end of the year.
Thanks for the information.
Some discussion of the federal $4700 tax credit and the $1500 California tax credit is warranted here. If BMW passes all of the credit along then the two credits should reduce a 36 month lease payment by around $170.
BMW is currently only providing $1,500 in lease cash. Presumably, they are using the tax credit to keep the residual high (same as gas version) plus the MSRP low (just $1,200 more than the 530i).
The tax credit is something that the purchaser applies for himself after the deal is done and receives a check for, so doesn’t directly impact the signed lease offer (but yes, still money in your pocket).
I’ve been following the 530e since it came out, and its leases are very slowly improving. This is the first month I’ve seen the $1,500 lease cash.
I have had some numbers on ‘18 530e, I’ll get the details but essentially it was a nicely equipped version at MSRP around 60K, 36/10, no down, $630 excluding tax with room to negotiate. My goal is to get it for under 600 with tax. Im in the process of returning my current 528 less hence they are trying to get me into a new one.I’m Located in Orange County CA and working with multiple dealers.
How did you end up @vaqua? Just curious on the numbers.