akooms
February 7, 2020, 4:55pm
1
First off, thanks to everyone in this forum and the Leasehackr calculator for helping me understand what goes into a lease and what to negotiate on. This was my first ever lease, how’d I do?
2020 BMW 330i RWD
MSRP: $42,600
Sale Price: $37,605
Monthly Payment: $348 incl taxes
Drive-Off Amount: $2300 (1st payment, taxes, fees)
Security Deposit: $2450 (7 MSD’s)
Months: 36
Annual Mileage: 12k
MF: 0.00137
Residual: 60%
Incentives: $2750
Sales Tax: 8.5%
Region: Nor Cal
Leasehackr Score: 9.8
Leasehackr Calculator Link: CALCULATOR | LEASEHACKR
I have an 03 MINI Cooper S which I’m sad to be letting go, but it qualified me for the loyalty incentive which was nice!
7 Likes
mllcb42
February 10, 2020, 7:09am
3
12% pre-incentive, base MF, maxed out MSDs… Nothing to complain about there
3 Likes
Shinzo
February 10, 2020, 4:11pm
4
How to receive $2750 taxed incentives? Could you break down ? I know royalty incentive is only $2000
1 Like
From BMW’s website, the only incentives listed are lease credit ($750) and loyalty ($1000). Maybe OP got other incentives totaling $1000.
1 Like
akooms
February 10, 2020, 5:00pm
6
I’ll double check on this, but I believe the rest came from dealer contributions. If that is the case, that $1000 would fall under untaxed incentives I believe (please correct me if I’m wrong).
mllcb42
February 10, 2020, 5:15pm
7
Did you have an OL code, fleet, etc?
$1000 shown on bmw site is conquest. $2000 is loyalty
2020 330i incentives for NoCal are $750 Lease and either $1,000 Conquest or $2000 Loyalty.
OP got it right with the $2,750 total and it is a taxed incentive for him.
1 Like
Shinzo
February 10, 2020, 5:57pm
11
Oh! Thanks for sharing that!!
Again…
$1000 conquest and $2000 loyalty.
Not in my region (northeast). Anyway, OP is in a different region.
The BMW site can be deceiving.
If it shows “$500 loyalty/conquest,” it means $500 for conquest and double that for loyalty ($1,000).
akooms
February 10, 2020, 7:28pm
15
I just emailed the dealership to clarify and it was $2000 loyalty and $750 in lease credit!
Shinzo
February 10, 2020, 8:23pm
16
Thank you so much for sharing that.
1 Like
where is your dealer? I’d like to get one
That paint and those lights look extra good. The deal is awesome as well.