I’ve been at so many dealerships in Midwest these days to lease a 3 series (12000 miles/yr) with a reasonable price. Non of them were willing to lease their cars with MSRP of $52-62K (New 2019 or new 2020) for less than $560/month!
Is it a tough market? it’s a bad time of the yr? or it’s just the midwest in which NO dealer is flexible about their prices?
Your feedback/discussion will be helpful
Cheers
$560/mo for a $62K car at 12K mi per month doesn’t sound that bad to me, but YMMV.
There’s already been plenty written about this, including in this very thread.
INB4 1% rule. It varies, don’t go off MSRP.
@Ride-the-bus You can get a 5 series from @kubikdanon for that price, he’s midwest too!
0 down includes loyalty.
Thanks for the feedback. I feel the deals are not as reasonable as I expected. Got a fantastic deal for my wife’s X2, maybe that spoiled me.
Not reasonable or not what you expected - big difference
Your comment totally makes sense. As I said, non of the dealer were willing to lower their price on 3 series. I’m surprised that they all ask for >$550/month for every single car they have in their lot.
the latter: It’s not what I expect!
Might be more productive if you create a new post (if you haven’t already) to discuss the deals you’ve been offered, since what you want to discuss is way more specific than what this thread is for (even if there’s some overlap).
Do they not meet your expectations because the dealer won’t offer an adequate pre-incentive discount/are marking up mf, because the current incentives/rv/mf aren’t what they were when you developed your target price, or because you didn’t calculate what the vehicles should lease for given your situation and are just comparing monthlies against other random deals without the proper context?
I moved it here, too generic
Things are going to get interesting these next few months.
The article lists Hertz’s two biggest creditors as IBM corp and Lyft lol. How does that happen? Hertz management bummed free lyft rides to and from their offices?
Or did Lyft front up a bunch of money for Hertz to make their cars available to Lyft drivers? Lol either way that’s crazy!!!
Looks like an opportunity for private equity firm.
Maybe Mr Buffet will get involved. That would give it a pop. Just sharing…
Carl Icahn already is the biggest shareholder for Hertz. If he didn’t take it private no one will
so it looks like you’re going to be doing what your username says you are doing then?
Thought good article to share tho a bit wordy
Looks like this question have been asked before, but has it been asked when a pandemic sanctions are being lifted ?
I started shopping around this past weekend - every dealership showroom is open. They’re busy non-stop, slammed with customers (I’ve been emailing back and forth with couple different dealerships all saying thing the same thing).
Should I assume this means that dealerships will no longer offer great incentives and low monthly payments since they’re starting to get a flow of customers again ? Demand is high again now that people feel safe getting out of their houses and walking into the showroom.
Not to mention the supply is still constrained. Yes, factories are opening up, but most have a backlog. I read that when BMW reopened its German factories, they had a 14,000 order backlog.
