[Wxnatscaps]

Originally Posted by neogorox5

Update to all-- thanks for the help Wxnatscaps and suprajjang. How is this deal sound to everyone, about to sign paper work and put down deposit.

I started the whole process looking for 20% off of a 2000 mi loaner or 15% discount before 2750 rebates for a new 2020. One dealer with written email said yes for a day and that day passed they never agreed to it anymore after.

I was about to go pick up from the existing inventory of a 2020 with 15.5% off a MSRP of 70,595 (roughly 11.8% before incentives or so doing it mentally as my rebates are 2750 -- conquest + APR finance). No OLE code or anything else to use, nor loyalty.

(Snip)

Looks like a good deal, congrats!

[atl_1M]

Anyone know when the January numbers will be available?

[Auricom]

Originally Posted by atl_1M

Anyone know when the January numbers will be available?

Maybe tomorrow or definitely next week. December rates end today, Jan 2.

[Wxnatscaps]

Originally Posted by Auricom

Maybe tomorrow or definitely next week. December rates end today, Jan 2.

BMW updated the offer and its now good through Jan. 5. But I noticed APR is at 3.35% vs 2.99%.

[bluzbra]

Originally Posted by Wxnatscaps

BMW updated the offer and its now good through Jan. 5. But I noticed APR is at 3.35% vs 2.99%.

I noticed the January 5 date too, but for my zip code it always showed 3.35% for the X5's (even when base MF for leasing was 0.00128) and it still shows the same rate now. Not sure if the base MF for leasing actually changed. And for my zip code it also shows the $1,000 lease credit for the 2020 sDrive40i is no longer offered, making it a no-brainer to go for the 2020 xDrive40i since they will basically lease the same. I wonder what will happen on January 6. Hoping for something more favorable

[Cyberdemon]

Originally Posted by bluzbra

I noticed the January 5 date too, but for my zip code it always showed 3.35% for the X5's (even when base MF for leasing was 0.00128) and it still shows the same rate now. Not sure if the base MF for leasing actually changed. And for my zip code it also shows the $1,000 lease credit for the 2020 sDrive40i is no longer offered, making it a no-brainer to go for the 2020 xDrive40i since they will basically lease the same. I wonder what will happen on January 6. Hoping for something more favorable

January deals are almost certain to be worse. If you were hoping to get a deal you probably should get to a dealer today.

[Wxnatscaps]

In the DC area, the finance offer for a 2020 X5 40i is 2.99%/$2K APR credit, the same as December.

[Cyberdemon]

Originally Posted by Wxnatscaps

In the DC area, the finance offer for a 2020 X5 40i is 2.99%/$2K APR credit, the same as December.

The lease rates have gotten worse. 1% drop in residual value + money factor has gone from .00128->.00137.

Combine that with the fact that dealers will likely not be trying to push for bigger discounts now that their year end quotas are done it's probably not a great time to deal.

[CiprianS]

Hmmm...bad news. Lucky I locked the rates last year/December.

[HeynowbababooeyAckAck]

Originally Posted by Cyberdemon

The lease rates have gotten worse. 1% drop in residual value + money factor has gone from .00128->.00137.

Combine that with the fact that dealers will likely not be trying to push for bigger discounts now that their year end quotas are done it's probably not a great time to deal.

Wow. Thank god I locked in! Thanks for the info.

[sazerac_tx]

Originally Posted by Wxnatscaps

In the DC area, the finance offer for a 2020 X5 40i is 2.99%/$2K APR credit, the same as December.

I got an email from a dealer in IL that stated the same. Haven't heard from my local TX dealer yet but assume it's a national program (BMWUSA).

[Jason]

Updated with January 2020 rates.

[r20]

Originally Posted by Jason

Updated with January 2020 rates.

Jason, do you have saved history on the #'s, i can help put together some visualizations for you.

[CiprianS]

What is the MF for this month?

[TurtleBoy]

Originally Posted by CiprianS

What is the MF for this month?

.00137

[thereef510]

Originally Posted by Cyberdemon

The lease rates have gotten worse. 1% drop in residual value + money factor has gone from .00128->.00137.

Combine that with the fact that dealers will likely not be trying to push for bigger discounts now that their year end quotas are done it's probably not a great time to deal.

So I have a 'deal in principle' with my dealer and put down a deposit based on it. my car is being built now. I posted my deal earlier and some others pointed out that I should try to negotiate for more since they were offering a bit higher than last month's base MF. This month's base MF has gone up and the residual has gone down, so are they going to change the deal or keep what we discussed as is based on what was agreed upon during the initial negotiation?

also i guess given the new rates and residual, it would be foolhardy for me to try to renegotiate now for a better deal, right?

[TurtleBoy]

Originally Posted by thereef510

So I have a 'deal in principle' with my dealer and put down a deposit based on it. my car is being built now. I posted my deal earlier and some others pointed out that I should try to negotiate for more since they were offering a bit higher than last month's base MF. This month's base MF has gone up and the residual has gone down, so are they going to change the deal or keep what we discussed as is based on what was agreed upon during the initial negotiation?

also i guess given the new rates and residual, it would be foolhardy for me to try to renegotiate now for a better deal, right?

If you did the credit app then you should have a rate lock. More than likely you did so you don't have to worry about the increase. If you didn't and the MF they are quoting you is higher than what the new base is, hopefully they stick to the deal and imagine they will given you put down a deposit.

[thereef510]

Originally Posted by TurtleBoy

If you did the credit app then you should have a rate lock. More than likely you did so you don't have to worry about the increase. If you didn't and the MF they are quoting you is higher than what the new base is, hopefully they stick to the deal and imagine they will given you put down a deposit.

i did the credit app and put down the deposit based on it. at that time i didn't know about the penfed rebate and really the diff between my mf and base was like about what I was going to ask them for anyway. so I'll be happy if they can work with us with the rest of these rebates that should apply. i'll be sure to push harder for a better deal when its time to reup the lease in 3 years.

[bluzbra]

Originally Posted by thereef510

So I have a 'deal in principle' with my dealer and put down a deposit based on it. my car is being built now. I posted my deal earlier and some others pointed out that I should try to negotiate for more since they were offering a bit higher than last month's base MF. This month's base MF has gone up and the residual has gone down, so are they going to change the deal or keep what we discussed as is based on what was agreed upon during the initial negotiation?

also i guess given the new rates and residual, it would be foolhardy for me to try to renegotiate now for a better deal, right?

Did they already run your credit in December when you placed your order? If so, there is typically a 90-day rate lock, which means nothing will change with your deal. In fact, if you take delivery of your car in February, for example, and if the incentives/residuals/MF are better when you take delivery of your car, you can get the better February deal at that point. Though by the looks of it, December was as good as it's going to get for a few months.

[thereef510]

Originally Posted by bluzbra

Did they already run your credit in December when you placed your order? If so, there is typically a 90-day rate lock, which means nothing will change with your deal. In fact, if you take delivery of your car in February, for example, and if the incentives/residuals/MF are better when you take delivery of your car, you can get the better February deal at that point. Though by the looks of it, December was as good as it's going to get for a few months.

yeah they definitely ran it. this is our first lease, i didn't know residuals and even 'base mf' can change month to month, and its projected our x5 will be ready in february. fingers crossed something better perhaps comes along, but thank you for clearing that up.

[bluzbra]

Originally Posted by thereef510

yeah they definitely ran it. this is our first lease, i didn't know residuals and even 'base mf' can change month to month, and its projected our x5 will be ready in february. fingers crossed something better perhaps comes along, but thank you for clearing that up.

Typically residuals don't fluctuate this much. It's the most I've seen them change in such a short period of time. The MF though almost always changes month to month, and typically so do the incentives.

[Cyberdemon]

Originally Posted by thereef510

yeah they definitely ran it. this is our first lease, i didn't know residuals and even 'base mf' can change month to month, and its projected our x5 will be ready in february. fingers crossed something better perhaps comes along, but thank you for clearing that up.

If you did a credit app and gave them a deposit, you effectively bought the car. So you're locked in as others mentioned.

One advantage is if the rates magically get better in February you could potentially get a better rate then, but with those months it's less likely to happen.