Quote:
Originally Posted by wtwo3
The "1% rule" is not an actual thing. It does nothing to help you determine if you're getting a good deal or not. For some cars 1% payment of your MSRP might be a great deal, and for other cars it might be an absolutely awful deal. Don't be married to this 1% thing and end up compromising on the car you want.
Case in point - 1% on my X5 when I ordered it would have been incredible and very unrealistic. However, 1% on my M340i would be quite a weak deal because so many others (as did I) were able to get below that.
What determines if you're getting a good deal or not is how your deal compares to others of the same car and region.
In your case I think you did very well. 11% off pre-incentive with buy-rate money factor is up there with some of the better deals on an X5.
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Well said. He's absolutely right. There is no way in the world I could've gotten close to 1% of my MSRP for my 2020 X5 (even with 12, 13, or 14% off pre-incentives). However, I'm well below 1% of my MSRP on my 2019 440i GC payment. So really, as wtwo3 said, it depends on what others are getting in your region. Overall though, 11% off on a brand new custom order X5 in the beginning of the year is a win in my book. Count your blessings and order away!
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Current BMWs - '21 M550i Bernina Grey/Black Nappa, '20 X5 sDrive40i xLine Alpine White/Coffee Extended Merino
Past BMWs - '20 740i, '20 X3M, '19 540i M-Sport, '19 440i GC M-Sport, '18 M3 Comp., '18 X5 sDrive35i, '18 340i, '17 X3 sDrive28i, '15 335i xDrive Sport Line, '14 428i Coupe
