SIGNED! Deal check - 2024 BMW i5 M60 Lease

Ask the Hackrs
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1

Hi everyone,

I’m in the final stage of a deal and all that’s left is to sign the paperwork. However, before I do so, I’d like this forum’s expert opinion please. Here are the details:

  • Vehicle: 2024 BMW i5 M60 AWD. Car is new, not loaner/demo. Almost fully loaded. Really nice spec.

  • Dealer is in MA and I will be registering in CT

  • MSRP: $92,740

  • Lease terms: 15k miles / 36 months lease

  • Incentives/Rebates: I have $10,000 I can apply to the deal (electric + fleet/employer)

  • Residual 51%

  • Money factor: 0.002 (I believe it’s marked up unfortunately)

  • Due at signing: $1080

  • Monthly payment: $1079.55

I did the math and I believe this comes out to a roughly 11.7% discount off MSRP. But considering the dealer marked up the money factor (I believe the normal money factor on this car is 0.0016 but I’m not 100% sure), I don’t know if it’s still considered a good deal or not. I need this forum’s expertise. Please let me know guys.

UPDATE:
I signed the deal at $1044/month with only first month down + cost to register the car (about $120 in CT). Thanks everyone for your input and advice!

2

This is a new car, right, not a demo?

3

Yes, it’s a new car

4

Unless you have bad credit, the highest your MF could/should be is .002

5

I have excellent credit thankfully. I see, ok so the markup isn’t horrendous, that’s good to know, Ty! In that case, if they give me the normal MF, I believe my payment should be about $1028/month. In your experience as a broker, do you think you or other brokers can get that deal ($1028/month) or better?

6

I can do better than that. It just depends on what you want in the car.

A CT registration is going to be rough from an MA dealership. You can’t get a temp tag.

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7

Hi Ashleigh, I haven’t signed anything yet and would love to talk! Scott said that the money factor is .002, is that why your deal is looking better?

8

I’m saying .0024 that you posted is impossible, it couldn’t be more than .002. .0016 is buy-rate.

3 Likes
9

Oh I see. Yea, that’s what the dealer told me unfortunately. In that case, it looks like they did mark it up a good amount then.

Screenshot 2024-12-26 at 8.29.18 PM
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10

That’s part of the reason why. Base MF is 0.0016, which is what I am using. @IAC_Scott is correct - the max markup is 0.0004. But like I said, I’d be more concerned about when you can actually drive the car if the dealership is in MA. You’d have to wait until CT issues plates, which could be a few months.

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11

The max it can be is 0.0020, so he has no idea what he’s talking about.

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12

I see. Good to know. Ty! How can I get in touch with you?

13

Just fill out my form!

14

Done, thank you!

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15

Gotcha. Ok ty. What deals on you have on an AWD i5? I would prefer the M60 but a normal i5 Xdrive is good too.

16

The dealer has had that car 321 days, maybe you can ask for them for no mark up on the MF and see how bad they want to sell it.

17

I tried. They won’t budge unfortunately.

18

No wonder why they have the car so long :sweat_smile: it’s a beautiful build tho!!

19

Tell me about it haha. Ty

20

Who cares about buy-rate? Just ask for more money off.