New lease, BMW or Volvo - need help

Ask the Hackrs
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1

Hi,

I’m looking for a new lease in Bellevue, WA, there’re two options on the table (completely different :smiley: ):

  1. Volvo V90 CC.

MSRP: $59,045
Savings: $14,865
Cap Cost: $44,180
Dealer/State Fees: $2,468
Total Price: $47,673
Customer Cash: $2,000
Net Residual: $27,751
Drive Off: $2,000

Lease: 36 months, 12,000 Miles
Cash Down: $2,000
Monthly Payment: $727,44

  1. 2020 BMW 5 530e xDrive (They didn’t want to send me the data I asked for):

Vehicle Price $64,760.00
AutoNation Savings $1,060.00
AutoNation Price $63,700.00
WHEEL LOCKS $150.00
Vehicle Selling Price $63,850.00
Sales Tax (estimate) $6,576.55
Documentation Fee $150.00
Tag/Registration Fees (estimate) $750.00
Balance Due (estimate) $71,326.55

Lease: 36 months, 12,000 Miles
Cash Due Monthly payment
$1,923 $1,024
$3,000 $991
$5,000 $931

What do you think about these deals? Is it really that bad as I think?

Cheers,
Slaw

2

Yup. Those are both really bad.

You need to get the RV/MF/incentives for each vehicle so you can properly evaluate the deal.

2 Likes
3

I’ve just asked them for these numbers.

4

You should also ask on the forums at Edmunds so you know both what they should be and what the dealer is charging.

1 Like
5

Holy crap… so you’re getting 25% off on that Volvo and STILL they’re quoting you a $727 monthly payment?? That’s atrocious. And a 47% residual yikes.

6

Did you see that the Volvo you linked to is a loaner?

EDIT: I haven’t done the math for 12i miles per year, but at first glance it looks like your offer on the BMW is quite a bit worse than the advertised national ad on the BMW link you provided.

7

Wagons don’t get lease support in the form of inflated RV

You’re much better off buying something like a CPO 2017 330i wagon where the depreciation has slowed down to a relative trickle

8

I don’t know if I’ve seen deals anywhere near this bad!

1 Like
9

Ouch these hurt

10

That $1k discount off on the 5 series is … so autonationyyyyy

1 Like
11

For perspective, I have negotiated on 2 BMW 540xi’s with MSRPs at $68k for 36 / 15 and received offers around $650/month with $3k DAS.

12

I think there’s two 5 series’ in that monthly.

1 Like
13

ok, so this is what I got from them:

  1. Volvo: Incentive $11,925 Residual 47% MF .00250.
  2. MSRP of this 530e is $64760. Residual is $37560.80. MF is 0.00168
14

From the dealer or from edmunds?

15

from the dealers…

16

What did Edmunds say?

1 Like
17

Edmunds says:

BMW $685/mo
Volvo $872/mo

18

No, I mean what does the Edmunds forum say for each vehicle as far as what the RV/MF/incentives should be? Only way to know if the deal is any good is to know what the numbers are compared to what they should be.

1 Like
19

ok, I’ll need to create an account and post a question there then.

20

Definitely the place to start whenever looking at a lease.