Year, Make, Model, and Trim: 2020 BMW M4CS Exec Carbon Brakes
MSRP: $115,170
Sale price: $92,870 (excl incentives)
Incentives: $3,250 ($1,750 lease cash, $1,500 loyalty)
Fees: $1,075 (acq, doc)
Monthly Payment: $723.63 excl TTL.
Drive-Off Amount: $723.63 + $5,950 (MSDs) + TTL (I actually rolled that into the monthly)
MF: 0.00105 (7 MSDs)
Residual: 60%
Term: 36 months
Miles: 10K/year
Region: TX
NOTES:
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This was the last M4 CS at the dealership. You won’t be able to get the same deal there.
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I had a trade in, for which I received a fair price. But I would say I may have given up $2,000 perhaps in a lower value, so include that for perspective.
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I didn’t include taxes since TX taxes on full selling price. And even then it’s not representative here, since I saved about $3,000 in taxes with my trade in.
Many thanks to all those who contribute to the LH forum. This is the 3rd lease I’ve done where the information on the board has been invaluable. Also a great recommendation to use LH brokers who really are competitive. I just didn’t use them this time for a few reasons. Firstly, I had a trade, with which a local deal makes easier. Secondly, I had to do the deal where I could get a tax offset/credit for my trade - and I think that must be done with a TX dealer. Finally, I wanted to close the deal this month - who knows if incentives will get better or worse? And even if incentives got better, that may have been offset with a lower trade in value for my current car.
It was important for me to get Carbon brakes as an option, since I think that really elevates the performance on track and is something I wanted to try differently. Not many cars had that, and I didn’t want a white car. If you just want an M4 CS, many more of those on the ground. I worked via email, came in and saw the car, liked it, made a final offer, was accepted, and picked it up the next day. Hanging around with some spare time under shelter has its effects - allowed me to find this deal.
This also allowed me to free up the equity in my car, albeit for a lease in a more expensive car. But the extra cash may help in the short term in these crazy times (small biz owner).
Now just waiting on my final check in the mail for my trade to close out a super experience!