Not sure if this is a good deal 2020 bmw 740i

Ask the Hackrs
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Im brand new and really thinking about pulling the trigger on this deal:
I know that because of this whole corona virus thing that dealerships are shutting down and they’re giving away great deals. But I was wondering if I should wait for all of this to clear to get a better deal or pull the trigger… the only set back is its rear wheel drive and in nyc that sucks but *shrugs. What are your thoughts
bmw #7series

Brand new 2020 bmw 740i (RWD) 97K. $5600 down & $799 a month includes first payment tags taxes and everything

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20200330_1743373024×4032 1.56 MB

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Why are you putting such a massive amount of cash down? What is the selling price, MF, incentives, etc? The COVID-19 crisis doesn’t automatically mean amazing deals. You should probably spend a couple hours reading up here because it’s clear you’ve done nearly 0 research

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When you take the current RV/MF/incentives you got from Edmunds and plug in expected pre-incentive discounts based on your research (including trunk money numbers you found while looking at some of the broker listings), how does this compare to your target deal?

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You realize that even an average leasehackr doesnt know about trunk money, a newbie is even more unlikely to knw about it

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Yeah, um… I’ll try to say this as nicely as possible. You do not know this. You also clearly do not know what constitutes a good lease deal. I’d strongly recommend you do some research on the forum - we have an enormous number of data points and conversations about BMW leases.

Start with the wiki: BMW Leasing Wiki

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I don’t think that’s the only part of my post that most new comers that don’t do any reading would be lost on, which was the whole point.

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So why don’t you post the great deal they’re giving away?

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DO NOT put all that money down… no matter what!

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They’re giving away great deals? Who said that?

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Bad deal! My guy can do way better! I got my 2019 BMW i8 Roadster for $2,000 down and $1,150 monthly payment. Hit me up if you want to talk to my guy and I’ll give you his phone number.

Free delivery was included and MSRP is $177,000. Every dealer I spoke to asked for $10-15k down to get a $1,150 payment.

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No idea what MSRP i8 you have, but there have been much better deals posted.

@Wantmy1stbmw Is this the first offer?

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Thank you for answering with a direct link.

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I would definitely do some reading and comparing with other LH deals before you keep negotiating.

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I don’t think your guy did you any favors

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i was speaking to a few people at the dealership about it

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so i guess a better question would be what is a good deal that you’ve got on a 7 series. I’ve spoken to people on here that has paid 1300 a month for a similar lease. So its just all over the place

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Hire a broker

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Here? People on LH? Like who?

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$177,563.32

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Look through recent comparables.

https://forum.leasehackr.com/search?q=2020%20740

Also check out the BMW broker spreadsheets that have been posted recently.

It’s worth your time to learn how a deal is constructed,

but if you’d rather not invest the time and brain power, have a broker do a deal for you. (You should still understand the details of the deal itself, though.)

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