Updated: Deal Check - BMW M340i CA

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1

updated with proper deal info

MSRP: $56,845
Sell Price: $50,997 (best offer)
MF: 0.00099
RV: $32,838
Demo Car Mileage: 3253 miles
Incentives: $1,000 lease credit and $2,000 loyalty credit
36 month lease @10,000 miles/year
Drive-off Fees: about $2,000
Monthly Payment: $525/month plus sales tax

Calculator, but I can not get the monthly payment they quoted for some reason…: https://leasehackr.com/calculator?make=BMW&miles=10000&msd=0&msrp=56845&sales_price=50997&months=36&mf=0.00099&dp=0&dealer_fee=0&acq_fee=2000&taxed_inc=3000&untaxed_inc=0&rebate=0&resP=58&reg_fee=0&sales_tax=9&demo_mileage=3253&memo=&zero_driveoff=true&monthlyTax_radio=true

Any tips how to potentially further negotiate? I am planning of cross-shopping, there seems to be a few loaners available around me.

Thanks again!

2

At a glance, the discount is low for a loaner, way too much downpayment, no other incentives (?), MF is a touch off, consider doing MSD’s, and RV may be incorrect.

Edit: you may want to share the deal sheet so others can provide better insight

3

Thank you for the response and suggestions, I think the major issue is indeed the loaner discount being low.

For the rest, I tried to put the info I got from the dealer website in the calculator, so as you correctly noticed some things are off (I had MSRP, selling price, monthly payment, downpayment, Months + miles).

I will ask them for a deal sheet and update, I will also add this in an edit in the original post.

4

Does your massive downpayment include the MSDs? If yes, then it is ok. I would offer 15-20% of MSRP for your offer price. Discount is too low. Having said that, inventories are tight so not sure if they will bite.

5

Have you even gotten an actual offer from this dealer? Or are you just inputting numbers from their website with their advertised selling price?

6

I was doing the website but I now have an offer that I updated the post with, thanks for looking into it.

7

This is the closest I could get with what you provided. No idea what your tax rate is and you’ll need to have the dealer breakdown your fees.

If it was new, it’d be a pretty good deal now. A loaner? You might want to shoot for another 2-4% off but there are almost no M340’s to be found, much less loaners. Good luck!