Advise for Used 2020 BMW X4 m40i in LA

Corey45Corey45 Member Posts: 1
edited July 2020 in BMW
Just received this offer on a used 2020 BMW X4 m40i with 4021 miles on it in Los Angeles. The original price was $69,520 and they are selling it for $61,688. Is this a good deal? Can I get it lower and how? I'm a return BMW client and below is there offer:

Best cap offer is $41,888

Rebates: Loyalty for current BMW owner $1000, lease credit $2000

Acquisition: $925

 Residual: Based on 10k miles per year is 56%

 Money factor: Based on approved credit is .00099

 36 Months

$3888 Due at signing

10k Miles per year

$618 plus tax

Comments

  • kyfdxkyfdx Moderator Posts: 267,604
    Corey45 said:

    Just received this offer on a used 2020 BMW X4 m40i with 4021 miles on it in Los Angeles. The original price was $69,520 and they are selling it for $61,688. Is this a good deal? Can I get it lower and how? I'm a return BMW client and below is there offer:

    Best cap offer is $41,888

    Rebates: Loyalty for current BMW owner $1000, lease credit $2000

    Acquisition: $925

     Residual: Based on 10k miles per year is 56%

     Money factor: Based on approved credit is .00099

     36 Months

    $3888 Due at signing

    10k Miles per year

    $618 plus tax

    .00099 MF and 56% residual
    $2000 lease credit
    $1000 loyalty

    Subtract $880 from the residual, to account for current mileage.

    11.3% off MSRP. In my experience, you can push that to 15% off. That would be another $2500 lower.

    So, $1400 due at signing, with the same payment.

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