X4 m40i loaner lease deal. need advice.

BoarderBoarder Member Posts: 9
edited February 2020 in BMW
Hi,

I found 2020 X4 m40i loaner, msrp $67,395 and selling price is $59,288 (12% discount)

I got a first lease offer that I am not happy with because they did not give me any discount from their listing price. their offer is 36/10, $556 + tax with $3888 DAS that including $2,000 down payment and fees. Loyalty credit is already applied.

What I am thinking is $0 down payment and $590 including tax. Do you guys think how much I should push it? Any thought?

Thank you!!
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  • kyfdxkyfdx Moderator Posts: 187,616
    Boarder said:

    Hi,

    I found 2020 X4 m40i loaner, msrp $67,395 and selling price is $59,288 (12% discount)

    I got a first lease offer that I am not happy with because they did not give me any discount from their listing price. their offer is 36/10, $556 + tax with $3888 DAS that including $2,000 down payment and fees. Loyalty credit is already applied.

    What I am thinking is $0 down payment and $590 including tax. Do you guys think how much I should push it? Any thought?

    Thank you!!

    What is your location?

    Is that the selling price before incentives are deducted?

    How many miles on the loaner?

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  • BoarderBoarder Member Posts: 9
    the location is 92620
    yes. the selling price is before any incentive deduction.
    4100 miles on it.
  • MichaellMichaell ColoradoModerator Posts: 183,060
    Boarder said:

    the location is 92620
    yes. the selling price is before any incentive deduction.
    4100 miles on it.

    You want to target 15-18% off MSRP, before incentives, for the loaner.

    Subtract $1025 from the residual to account for the existing miles.

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  • kyfdxkyfdx Moderator Posts: 187,616
    Boarder said:

    the location is 92620
    yes. the selling price is before any incentive deduction.
    4100 miles on it.

    I'd shoot for the same deal, but without the $2000 extra upfront.
    You might not get it, but you are pretty close to a good deal. Anything lower is going to be a bonus

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