06-09-2020, 08:03 PM | #45 |
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Interesting, did not know that. I guess if he had used it for MSD’s, he will get some reduction in payment but the money will be safe, even if the vehicle gets totaled.
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06-09-2020, 08:11 PM | #46 | |
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06-09-2020, 08:12 PM | #47 | |
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On a lease there is no such thing as a down payment. Your effective payment will always be the same so it's better to mitigate the risk and try to no put money down other than taxes, MSDs and possible other inception fees.
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06-09-2020, 08:39 PM | #48 | |
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06-09-2020, 08:52 PM | #49 | ||
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06-09-2020, 10:26 PM | #50 |
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Correct. If he did it right that 18K would come out to taxes, fees plus max MSD.
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06-10-2020, 02:06 AM | #51 |
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I never did understand lease numbers. 🤷🏻*♂️lol
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06-10-2020, 10:02 AM | #54 | |
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Not every dealer is going to give everyone a good deal, some just honestly dont' care if they lose a customer, it comes down to the sales manager and their willingness to do the deal. I have 4 dealers near me, I call all of them each time I'm leasing and give them the numbers and go with whoever gives me the absolute best deal. |
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06-10-2020, 10:12 AM | #55 | |
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06-10-2020, 11:39 AM | #56 |
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That's for both the regular X5 and the X5M.
For the X5M theres two things working against the buyer now. 1) its a brand new car 2) limited stock Most dealers either doesn't have one or if they do have maybe 1-2 at most in stock which are the HEA builds. If anyone wants one they either have to buy a hea car or wait until 2021MY which doesn't start until August. You are looking at maybe getting the car in Sept/Oct if you walked in to order one now at best. For those that need/want a car now you are limited to either the HEA cars or anyone that cancelled on their custom 2020 builds. You can not order a 2020 anymore based on what several dealers told me. For these reasons dealers aren't willing to sell these cars at a massive reduction just yet. Once supply catches back up things will change and put the leverage back at the consumers hands but I suspect that won't happen for atleast a few more months. Every bmw dealership i've spoken to said they've been busier than usual. For general reference since i just went through all this I've had several dealers tell me the max is 1% off to about 10% off which was specific to just a black one that they had in stock. MBB was a must have for me and i landed on 6% off before any incentives (1K for loyalty and $1500 for the 2 months payment). I went with a car that was further out (2.5 hour drive) but the sales manager was easiest to deal with and her numbers matched mine without playing any games. The car also only has 15miles on the odometer and still had the factory wrapping around it. Most cars that just came in have some test drive miles on them which I don't prefer. The only thing I wish was that it had the Michelin tires instead of the Pzeros that i got.
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06-19-2020, 07:28 AM | #58 |
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$4500 + 7 MSDs?
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06-20-2020, 09:43 PM | #59 | |
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06-21-2020, 04:00 PM | #60 |
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06-22-2020, 08:58 PM | #61 |
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Anyone think dealers will do 10-12% off (pre incentive(s)) with base MF in the coming months (ie November or before) or is that just wishful thinking on my part?
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06-23-2020, 06:41 PM | #62 |
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Was offered 4% for an x5m non-comp. One of the first non comps I've seen.
I tried for a bit more but they wouldn't budge. They were doing buy rate on MF so that's a bonus. |
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06-23-2020, 10:00 PM | #65 |
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06-24-2020, 04:11 AM | #66 | |
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Starting to approach exotic lease territory with those numbers! |
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