Hi all,
First time poster here. I currently have a ‘22 Genesis G70 that’s going thru a lemon buyback process that will be finalized within the next 30 days or so. I’ll be needing a new car soon, so I’ve been test driving and shopping around for some numbers.
I went to 2 dealerships in LA today, Audi & BMW. Test drove an M340i and S5 SB, both which I really loved.
When I talked quick numbers with them, the BMW salesperson said he saw a 330i lease go for $800/mo, which I thought was ridiculous. I didn’t even want to ask him how much it would be to lease an M340i. The dealer was also charging $5k markup, but said he would be willing to give MSRP.
Audi salesperson said their ‘22 S5 Sportsback was going $5k over, but said he was willing to give MSRP. But when he ran the “worst case scenario” numbers (no discount w/ full markup), the lease payment for 36/10k with $5k DAS came out to be nearly 1100 w/ tax, for a car that’s around $65k.
I leased my G70 last year, so I haven’t been looking at recent lease programs but are all leases this bad currently?
Granted, I didn’t try negotiating/haggling yet, since I’m still waiting for the buyback process to be complete, but I was expecting to pay closer to $800-900/mo for either of the cars at most, but to see that they’re $1k+ seems crazy.
I have 700+ credit, so I’m confident I can get the base MF, but is it possible to even get either an M340i or an S4 or S5 SB for around $800-$900/mo with acceptable amount of DAS in this current market?
Wondering if it’s best to finance at this point instead of leasing.
Would appreciate your professional opinions here, thank you.