02-13-2016, 04:32 PM | #1 |
Private First Class
24
Rep 132
Posts |
Rate My Deal
Looking for some feedback on the lease deal I received. Sign the lease paperwork on Monday.
2016 X5 xDrive50i (Car has 4,400 Executive Demo Miles) Mineral White / Mocha Leather M Sport Package 20" 469M Wheels Executive Package Cold Weather Package Driver Assistance Plus Lighting Package Mocha Interior Package SPACE-SAVER SPARE STOP & GO + ACTIVE DRIVING ASSISTANT MOCHA NAPPA LEATHER PACKAGE W/M SPORT FINELINE PURE WOOD TRIM FRONT VENTILATED SEATS MSRP $86,495.00 Negotiated $74,846 (10% off MSRP + 3,000 BMW Incentives) $3,000 Out of Pocket (Includes first month payment etc.) $848 On Existing Trade (MB 2011 GL450) 36 Month Lease / 12,000 Per Year $850 / Month What do you think? |
02-14-2016, 10:56 AM | #4 |
Second Lieutenant
44
Rep 241
Posts |
I'm no expert but personally I think there's more room on the negotiated price. If you build it on any of the nada/edmund websites you should see an original invoice of about $80,250. If you take the $3k incentive out of the equation, that puts them selling it for $77,846....or ~$2400 under the original invoice. So what they're saying is 4400 miles of use is equal to ~$2400. Just seems a little low to me. I would think more along the lines of $1k depreciation per 1000 miles of use.
Additional source of info, check out the bimmerfest sub-forum "Ask a Dealer": http://www.bimmerfest.com/forums/forumdisplay.php?f=20 Your question is exactly what's commonly posted over there and would get some good/useful feedback posting there. Best of luck |
Appreciate
0
|
02-15-2016, 09:28 PM | #9 |
Mmmmm…
1150
Rep 2,426
Posts
Drives: F15
Join Date: Oct 2011
Location: New York
|
Only $848 on the trade in?!
|
Appreciate
0
|
02-16-2016, 08:39 PM | #11 |
Major General
3239
Rep 5,066
Posts |
On a lease though.. I wouldn't put any money into it, let alone a trade in.. its similar to putting a down payment on a lease which IMO is a big No No. Good luck with your deal.
__________________
2015 F15 X5 35i Msport Space Grey M Performance parts MPPK, MPE
|
Appreciate
0
|
02-16-2016, 09:30 PM | #12 | |
BMWaddict4life
197
Rep 782
Posts |
Quote:
But MSDs are often very helpful in bringing the price down so that may be one exception |
|
Appreciate
0
|
02-16-2016, 09:32 PM | #13 | |
BMWaddict4life
197
Rep 782
Posts |
Quote:
Walking away should be quite easy unless you love mocha everything |
|
Appreciate
0
|
02-17-2016, 05:57 AM | #14 |
Major General
3239
Rep 5,066
Posts |
Yes, MSD's are awesome and I used it as well.
__________________
2015 F15 X5 35i Msport Space Grey M Performance parts MPPK, MPE
|
Appreciate
0
|
02-17-2016, 06:38 AM | #15 |
Lieutenant
98
Rep 428
Posts |
|
Appreciate
0
|
02-20-2016, 12:37 PM | #16 |
BMWaddict4life
197
Rep 782
Posts |
Are you aware of the current market conditions? Unless you are a broker and looking for customers I won't advise folks to invest in this extremely volatile market
|
Appreciate
0
|
02-20-2016, 07:37 PM | #17 | |
Lieutenant
98
Rep 428
Posts |
Quote:
|
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|