[LuckyBrand]

Originally Posted by Natemare13

First post on this forum because I just bought my first BMW!

Purchased on 3/11/2024. 2024 X5 XDrive40i LCI

Im not sure the spec matters outside of the MSRP, Price paid, etc so I'll just stick to that.

MSRP (Window Sticker) incl. destination: $77,350
Price Paid: $75,350

Add: Tire/Wheel + Cosmetic Protection (which were two diff options but i'm combining them here to keep it simple): $3,000

Add: Brake/Rotor Pre-pay (get them within 3-years): $850

All weather Matts - Included

TAX (NY): $4683
License&Title: $63
Inspection: $10
Finance/Document Fee: $175

Total Out The Door (Taxes & Fees): $84.2K

Financed: $59,226 @ 72mos @ 4.5%: $939/mo


I initially looked at a lease (36mo, 10K miles)
Money factor: about .002 (or 6% interest rate)
Residual: 51% <-- terrible, no?

Pretty bad lease deal considering by end of the lease I would have paid more than half the car (incl. interest) and then had to give the car back. So I looked into financing.

Interest (60mos): 3.99%
Interest (72mos): 4.5%

It was a no-brainer to finance at these rates.

I hope this helps someone. Happy to get feedback on whether or not you think I got a fair deal. I think it was fair (i didnt say it was a great deal but all things considered, fair).

Where did you go to get 4.5% for 72 months?

[TurtleBoy]

Originally Posted by Natemare13

First post on this forum because I just bought my first BMW!

Purchased on 3/11/2024. 2024 X5 XDrive40i LCI

Im not sure the spec matters outside of the MSRP, Price paid, etc so I'll just stick to that.

MSRP (Window Sticker) incl. destination: $77,350
Price Paid: $75,350

Add: Tire/Wheel + Cosmetic Protection (which were two diff options but i'm combining them here to keep it simple): $3,000

Add: Brake/Rotor Pre-pay (get them within 3-years): $850

All weather Matts - Included

TAX (NY): $4683
License&Title: $63
Inspection: $10
Finance/Document Fee: $175

Total Out The Door (Taxes & Fees): $84.2K

Financed: $59,226 @ 72mos @ 4.5%: $939/mo


I initially looked at a lease (36mo, 10K miles)
Money factor: about .002 (or 6% interest rate)
Residual: 51% <-- terrible, no?

Pretty bad lease deal considering by end of the lease I would have paid more than half the car (incl. interest) and then had to give the car back. So I looked into financing.

Interest (60mos): 3.99%
Interest (72mos): 4.5%

It was a no-brainer to finance at these rates.

I hope this helps someone. Happy to get feedback on whether or not you think I got a fair deal. I think it was fair (i didnt say it was a great deal but all things considered, fair).

Welcome to the forum. Who can say what a fair deal is, if you are happy with it that is all that matters. I will just point out a few things for others though:

1. Currently on MY24, 8% should be the discount to shoot for in the NE region although specific areas can be lower.

2. Ultimate Care+ should be skipped as a person will likely end up getting a few sets of wipers for the $850. Most folks brakes will last 70 - 100k miles.

3. They marked up the APR, the base is 2.99%.

Congratulations on your new X5. Good luck, enjoy and be safe.

[TurtleBoy]

Originally Posted by LuckyBrand

Where did you go to get 4.5% for 72 months?

The is the marked up BMW rate. The base is 3.49% for 72 months for MY24's.

[LuckyBrand]

Originally Posted by TurtleBoy

The is the marked up BMW rate. The base is 3.49% for 72 months for MY24's.

Oh. Yep, missed that one. Thanks buddy!

[Natemare13]

Originally Posted by TurtleBoy

Welcome to the forum. Who can say what a fair deal is, if you are happy with it that is all that matters. I will just point out a few things for others though:

1. Currently on MY24, 8% should be the discount to shoot for in the NE region although specific areas can be lower.

2. Ultimate Care+ should be skipped as a person will likely end up getting a few sets of wipers for the $850. Most folks brakes will last 70 - 100k miles.

3. They marked up the APR, the base is 2.99%.

Congratulations on your new X5. Good luck, enjoy and be safe.

Thanks for this. 8% seemed totally out of the question near me. I'm close to NYC so perhaps it's a bit different than up state NY? Initially I went for 74,500 (4% off MSRP) and in the nicest way they said no way and they let me walk right out of the store (and I did). I'm also not that naive to think I could have tried harder and gotten a better deal off MSRP.

I do see 2.99% on the website now (60Mos) and I assume 3.49% for 72mos. I got 4.5% so that means over the course of the loan if I dont make add'l payments I've paid the dealer about ~$1,800 more than if I had the best rate of 3.49%.

So.... not a great deal (and thanks for letting me down easy) and I should have taken more time w/ the finance person to just look at the website and challenge them on why they said I dont qualify for that interest rate.

[paradocs]

Any thoughts on if the 4-8% off MSRP is realistic for MY25 new builds? Would any MY25 incentives come out at the end of the month or are they going to still focus on getting rid of 2024 stock? I was hoping to get in on end of cycle but nothing in our area fits what we want.

[LuckyBrand]

Originally Posted by paradocs

Any thoughts on if the 4-8% off MSRP is realistic for MY25 new builds? Would any MY25 incentives come out at the end of the month or are they going to still focus on getting rid of 2024 stock? I was hoping to get in on end of cycle but nothing in our area fits what we want.

I was offered 6% but all dealers are different. You just have to shop around and ask. My dealer didn't have much information yet on the incentives. He said probably April when the 25 production starts they'll know more on incentives and rates.

[drivebmw4ever]

It has been hard to find any new 2024 50e at the moment but I was able to find one here in TX last week (luckily!). It was custom ordered by someone in Nov 2023 with the dealer with almost all of the packages available (fully loaded).

Vehicle was only built end of Feb 2024 and this person who custom ordered couldn't wait that long and bought another car so it was up for grabs at the dealership. I came across this accidentally and immediately called up the dealer and was able to grab it for 6% lower than MRSP when I assured them I would take the delivery same day (it was hardly at the dealership for 24hrs).

Initial plan was to place a custom order for 2025 model but given that I was getting good pricing. I know "good pricing" is relative though and I am satisfied with the discount and pulled the trigger. Since its built late February, hope BMW has fixed most of the issues by now.

Only regret being dealer has marked up APR to 3.99% (1% higher than whats advertised for) but couldn't get them to go lower on this. Anyways my family is enjoying the ride.

[Natemare13]

Originally Posted by drivebmw4ever

It has been hard to find any new 2024 50e at the moment but I was able to find one here in TX last week (luckily!). It was custom ordered by someone in Nov 2023 with the dealer with almost all of the packages available (fully loaded).

Vehicle was only built end of Feb 2024 and this person who custom ordered couldn't wait that long and bought another car so it was up for grabs at the dealership. I came across this accidentally and immediately called up the dealer and was able to grab it for 6% lower than MRSP when I assured them I would take the delivery same day (it was hardly at the dealership for 24hrs).

Initial plan was to place a custom order for 2025 model but given that I was getting good pricing. I know "good pricing" is relative though and I am satisfied with the discount and pulled the trigger. Since its built late February, hope BMW has fixed most of the issues by now.

Only regret being dealer has marked up APR to 3.99% (1% higher than whats advertised for) but couldn't get them to go lower on this. Anyways my family is enjoying the ride.

I too had the mark up of exactly the same amount so this makes me feel just slightly better re: there was a mark up and how much it was. One thing you can do to eliminate the extra money they just made you spend is throw extra money on your first payment. There are calculators online that will tell you the impact of an additional payment over the course of the loan regarding reduced interest. As just super rough numbers, that extra 1% will cost you $1,800 more over the course of your loan if you don’t make any additional payments. In order to save that, you’d have to put pay an additional $6,000 (again this is probably the wrong number I am just using it to illustrate the relationship) in principal which of course goes towards paying off your car as well as eliminating that extra interest the 1% the dealer added. Look up a loan calculator online to see the real numbers and impact.

[NYNick]

Originally Posted by drivebmw4ever

It has been hard to find any new 2024 50e at the moment but I was able to find one here in TX last week (luckily!). It was custom ordered by someone in Nov 2023 with the dealer with almost all of the packages available (fully loaded).

Vehicle was only built end of Feb 2024 and this person who custom ordered couldn't wait that long and bought another car so it was up for grabs at the dealership. I came across this accidentally and immediately called up the dealer and was able to grab it for 6% lower than MRSP when I assured them I would take the delivery same day (it was hardly at the dealership for 24hrs).

Initial plan was to place a custom order for 2025 model but given that I was getting good pricing. I know "good pricing" is relative though and I am satisfied with the discount and pulled the trigger. Since its built late February, hope BMW has fixed most of the issues by now.

Only regret being dealer has marked up APR to 3.99% (1% higher than whats advertised for) but couldn't get them to go lower on this. Anyways my family is enjoying the ride.

You did well. I can't get any of these guys to budge off MSRP for a 50e.

[boi222]

Originally Posted by Natemare13

I too had the mark up of exactly the same amount so this makes me feel just slightly better re: there was a mark up and how much it was. One thing you can do to eliminate the extra money they just made you spend is throw extra money on your first payment. There are calculators online that will tell you the impact of an additional payment over the course of the loan regarding reduced interest. As just super rough numbers, that extra 1% will cost you $1,800 more over the course of your loan if you don’t make any additional payments. In order to save that, you’d have to put pay an additional $6,000 (again this is probably the wrong number I am just using it to illustrate the relationship) in principal which of course goes towards paying off your car as well as eliminating that extra interest the 1% the dealer added. Look up a loan calculator online to see the real numbers and impact.

Does anyone know if this works for a bmw select payment plan as well?

[LDT]

Originally Posted by NYNick

You did well. I can't get any of these guys to budge off MSRP for a 50e.

Suggest you try a broker. You may have to travel to get it but it'll be a nice road trip home. Or arrange for PCD in Spartanburg.

[TurtleBoy]

Originally Posted by boi222

Does anyone know if this works for a bmw select payment plan as well?

In have not seen anything saying you can't make extra payments but you will want to verify. Of course it won't reduce the balloon payment.

[grigiogirl]

Originally Posted by Brando95

Did your dealer tell you that the taxes on your lease would be $7665, because that sounds incorrect…..In NY, you only pay taxes on the total amount of your lease payments, so in this case take $1550 x 36 x Tax Rate. Taxes vary by county in NY, but even if you take a high estimate at 9% tax, it would only be ~$5K, not $7665. Wonder where the remaining $2500 is going, they could be taking it as an additional down payment or your dealer charges crazy dealer fees. I would ask for an itemized breakdown if you don’t have one already

Totally forgot to add when i was writing that original post the $7k includes taxes, dmv fees, first months payment! Not just taxes. I looked at the price breakdown and everything seems to be good no dealer fees or anything. I only got $2k off msrp plus $1500 off in military & loyalty credits but they just switched me over to a MY25 order for the same price. Definitely could've got more off if i put up a fight but all is said and done

[GunnarStahl44]

I just ordered a MY25 40i and got 7% off MSRP. Took some pushing and patience but got it, also a repeat customer at the dealer so that may have helped.

[LuckyBrand]

Originally Posted by GunnarStahl44

I just ordered a MY25 40i and got 7% off MSRP. Took some pushing and patience but got it, also a repeat customer at the dealer so that may have helped.

Did you ask if they will give you the interest rate not marked up as well?

I'm going in next week to order and have 6% off already but will push for 7 to 8% as well as base rate due to our dealer does mark up. We qualify for the military discount but with not knowing what incentives and rates will be until April I'm not sure of the path we'll take yet as far as going outside or BMW finance. This also has me pondering the best path in asking for base rate as they may not give more off if they know I'm going outside finance because they make money on me staying with them. But if they won't do base rate then I definitely would like a percent or two more off. I would like to get both finalized if possible before I submit the order. It maybe hard to do on the rate part though.

[IDAHOME]

Hi all....... back to get another X5x 4.0 for my wife. Did i read production for the 25 starts soon? Any big changes? Has anyone had a positive experience with a dealer in Utah, Idaho Oregon, Wash, or Montana? seems like 6 to 8% is the deal range. Where are we with % rates on a lease currently? Really dislike the dealership experience but if you want new you go to the trough..... Thank you BMW'ers

[TurtleBoy]

Originally Posted by IDAHOME

Hi all....... back to get another X5x 4.0 for my wife. Did i read production for the 25 starts soon? Any big changes? Has anyone had a positive experience with a dealer in Utah, Idaho Oregon, Wash, or Montana? seems like 6 to 8% is the deal range. Where are we with % rates on a lease currently? Really dislike the dealership experience but if you want new you go to the trough..... Thank you BMW'ers

The 4.0's are extremely tough to come by, best to just order a 40i.

MY25 production starts April 1st and only differences from MY24 is that DAP now includes lane change by eye and the 552 headlights that were optional are now standard.

[GunnarStahl44]

I have not asked about rates yet but will inquire. They quoted me a lease rate at $1,200/month with $5k up front for 10k miles/yr. Seems to indicate a pretty high MF so I may purchase outright, not sure yet, I suspect some better financing options to come in the next month as they roll out inventory of MY25 and spring time here in the Northeast.

Originally Posted by LuckyBrand

Did you ask if they will give you the interest rate not marked up as well?

I'm going in next week to order and have 6% off already but will push for 7 to 8% as well as base rate due to our dealer does mark up. We qualify for the military discount but with not knowing what incentives and rates will be until April I'm not sure of the path we'll take yet as far as going outside or BMW finance. This also has me pondering the best path in asking for base rate as they may not give more off if they know I'm going outside finance because they make money on me staying with them. But if they won't do base rate then I definitely would like a percent or two more off. I would like to get both finalized if possible before I submit the order. It maybe hard to do on the rate part though.

[LuckyBrand]

Originally Posted by GunnarStahl44

I have not asked about rates yet but will inquire. They quoted me a lease rate at $1,200/month with $5k up front for 10k miles/yr. Seems to indicate a pretty high MF so I may purchase outright, not sure yet, I suspect some better financing options to come in the next month as they roll out inventory of MY25 and spring time here in the Northeast.

Yeah leases are not great right now. I'm hoping as well with spring coming they'll roll something nice out to kick things off. If they keep the 2.99% going from this month that's the ticket for myself. Good luck!

[Ibiza]

Originally Posted by LuckyBrand

Yeah leases are not great right now. I'm hoping as well with spring coming they'll roll something nice out to kick things off. If they keep the 2.99% going from this month that's the ticket for myself. Good luck!

I don’t see lease rates improving until the fall, that is when BMW NA via BMW FS “juices” the numbers to drive end of year sales. Fed is not forecasted to lower interest rates in the near future.

[TurtleBoy]

Originally Posted by Ibiza

I don’t see lease rates improving until the fall, that is when BMW NA via BMW FS “juices” the numbers to drive end of year sales. Fed is not forecasted to lower interest rates in the near future.

Should get a better idea by Wednesday but they were forecasted to cut rates three times this year but with the recent inflation reports that may go down to one or two, possibly none.