I never thought I’d lease a car, and I knew virtually nothing about leasing up until a couple of months ago. However, I got tired of diagnosing / fixing / paying for repairs on old cars, so I thought I’d give a 440i a shot given the crazy incentives on them right now. Did a ton of research on Leasehackr before attempting anything, which helped a ton.
Year, Make, Model, and Trim:
2019 BMW 440i xDrive
- 6-speed manual
- M Sport Package
- Executive Package
- Track Handling Package
- Driving Assistance Package
- Head-up Display
- Dynamic Digital Cluster
- Carbon Fiber Rear Spoiler
- Black Kidney Grilles
- Heated Steering Wheel
Saved Numbers on Leasehackr Calculator:
MSRP: $64,965
Selling Price: $54,575 (16% off)
Monthly Payment: $499.94 w/ 7% NJ tax and fees rolled in
Cash Due at Signing: $0
MSD: $3,500 (7)
Incentives: $8,750 ($5,750 incentives + $2,500 loyalty + $500 OL) + $500 CCA rebate
Months: 36
Annual Mileage: 10,000
MF: 0.00195
Residual: 57%
Region: Northeast
Leasehackr Score: 12.3 years
I called/emailed a ton of dealers in the NY/NJ/PA/CT area, but only two (both in PA) were willing to do 15% off MSRP before incentives. I initially had my heart set on a Mineral Gray/red automatic car, but the 6-speed manual and Track Handling Package pushed this one to the top.
I went in asking for 15% off, but after test driving and going home, I decided to ask for 16% given the higher MSRP of this car and the fact that I was probably one of a handful people who actually wanted a manual car. Figured it was worth a shot to ask. The dealer told me that 15% was their max, and that they had people around the country starting to ask about the car (not sure how true that was), so I agreed to the 15% and headed over the next day to sign.
After waiting three hours at the dealer for BMW FS to do their thing, I finally went in the office to sign. The payment ended up being about $25 more per month than I expected, but this being my first lease, I couldn’t figure out where my numbers weren’t matching the dealer’s. I know, I should’ve figured out what exactly was going on before signing, but the finance guy didn’t want to take a look at my LH calculator, and at that point, I just wanted to get the car and go home.
It turns out that the dealer actually did give me 16% off MSRP before incentives, but they marked the MF up to 0.00195 or so (thanks, Electric). I don’t know exactly what happened there, but the payment is basically the same as if I’d gotten 15% off with the regular MF. I’ll definitely pay more attention in the future.
As expected, the car is a ton of fun. I usually get bored of cars pretty quickly, but hopefully, I’ll be able to hang onto this one. I do wish I’d been able to find one with the M Performance Power & Sound Kit (adds about 30hp via tune and a very nice exhaust, costs about $3k), but you can’t win them all.