I am new to this forum and new to leasing in general. I have a question about the pre-negotiated deals page on this site. Is the understanding that the buyer would take the deal as-is, or would the dealer be open to further negotiating terms? I want to make sure I understand the etiquette for this.
I applied for a pre-negotiated deal, and as I understand it the deal is reviewed to ensure quality on this site. But I sort of want to shop the offer around because I think it could be better…but not sure how highly scored these approved deals are.
It’s also unclear to me what criteria is being looked at. In the calculator it has the score value, and higher is better, but at what value is good/great? Is the score relative to the offer, or could you compare all deal scores to each other (apples to apples)?
Go ahead and make your offers to as many dealers as you can. You have to ask yourself after getting rejected several times how much is it worth your time to get a dealer to beat (or even MATCH) a deal from a broker or pre-negotiated deal on this site. You’re gonna have to put a lot of time and effort in to save a few bucks.
They charge what they charge. For many the no BS or surprises are worth every last penny of it.
The Pre-Negotiated deals are as is…that’s the deal a broker or dealer has agreed upon to put on the LeaseHackr page and isn’t to be considered a starting point for negotiations with that particular dealer or broker.
However they’re are all sort of data points on this forum and you can certainly analyze all the points, make offers to your local dealers and see what you come up with.
Assume a random John Doe goes into a BMW showroom to check out a X3 xDrive30, gets bullied a bit, and signs a lease @ MSRP with the Money Factor marked-up because the salesperson got a payment that fit John’s budget. That’s probably a 20% deal. Because at least John didn’t pay additional dealer markup. But John got a deal that the users of this site would mock mercilessly.
Now let’s assume Jane Smith goes into a BMW showroom for a similar build X3, wastes 3 hours haggling 7% off MSRP and gets the buy rate MF, she now has a 70% deal. Jane’s beats most deals signed in that showroom, but likely will result in a frowny-face here on LH. There are users here who like to ridicule others for leasing a ICE X3 and not building equity after consecutive leases.
Now assume Billy Beane gets the LH Pre-negotiated Deal (PND) shown above. Billy literally did zero work other than clicking some links and submitting info to the broker. Billy may or may not get to choose the color or exact options of X3, and may not even be able to test drive it. But Billy got 11% off MSRP, no random mark-up, no aftermarkets, and the buy rate MF. This is maybe a 90% deal. It beats the vast majority of deals with minimal effort. But keep in mind some users on LH would still mock the deal because it could be better and being in a new BMW is kind of expensive no matter how you spin it.
Now let’s assume Andy Lee (no relation to the other Li guy) takes the time to spam 50 dealerships pleading for the most farted-in loaner X30 M40. 26% off MSRP because he found the magic one that someone previously died in. LH would carry Andy around on some pedestal for having the most skill (and most free time) to haggle a sweet ass deal.
The question for you is how much time/effort are you willing to put in to beat Billy’s deal to try and approach Andy’s deal economics. But the PND is a nearly zero effort way to beat the average transaction price at most BMW showrooms.
Hi I’m new to lease world as well and would need some clarity on the conversion I’m having with a broker. I’m currently talking to a broker who has a deal on EQS 450, he gave me a good lease deal but has asked me to submit a credit application with broker before sending the information to the dealership. Is the pre credit application standard practices with broker or is this cause of concern. I’d have no problems doing it with the dealer
Think of pre negotiated deals as an add to cart and check out for a 90% deal. Meaning, your deal is going to be solid, aggressive, and the most easy process. It’s a closed deal, you’re literally just reserving the car. Could you find a deeper and more aggressive deal on marketplace? Sure, with enough digging and time.
I would say, if you see a car on PND that you’re looking for — its an aggressive deal and reserving a car means you have the intention of moving forward with it.
I was recently looking at the pre-negotiated deals and I’ve got some questions.
It looks like every single one of them up right now is either NoCal or SoCal? Is that typical?
I live in WA. Is it worth trying to get one of these deals and then seeing if they can ship to me? Or is that a waste of time? When I click to get the deal, the first thing it says is that you need to live where the deal is offered, so it would seem to me that even trying is pointless, but I just want to be sure.
I think there’s an issue with the deals page right now. It’s only showing CA for me too but it showed all regions a few days ago. I saw a post on reddit where someone was having the same issue.
