This is for 2020 BMW X3 X drive 30i. According to Edmunds MF is 0.00118 and 55% RV
Dealer is offering $707 as monthly payments for 36 months 12k in NJ. I checked leasecheckr calculator and it seems to match. Which part I should be negotiating?
Bad. For new BMW You should get at least 12% discount before incentives. If you have no time for going back and fourth with the dealer just hire one of LH brokers. They offer at least 12% off for almost every new unit.
Please stop telling people that. This might have been the case a few months ago. Now inventory is very tight and dealers have had their 2021 allocations cut in half, those days are over for at least a year.
OP - you may want to confirm the numbers from Edmunds. A quick check for July shows 0.00099 base MF and 56% residual. Check your incentives.
Discounts have been all over the place, but feels like between 8-9% recently. If you have a specific car in mind, it will get tougher… good luck!
Edit: also, seems like RV was reduced 1% for some models and some incentives were reduced. To make up for the lower MF I guess… but the BMW experts on LH will know better
Just because one broker has these discounts on some units in a specific region doesn’t mean it’s the norm. It’s also July now. Ask him what the discounts are looking like this month now that those units are gone.