Please let me know if this lease deal is a good one

jsando22jsando22 Member Posts: 6
edited August 2020 in BMW
2020 BMW M340i

MSRP 58320
Selling price 51888
36/12
Monthly payment $651
zip code 94403
Lease incentives combined 4k
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Answers

  • jsando22jsando22 Member Posts: 6
    milage 4500
  • MichaellMichaell Moderator Posts: 266,027
    jsando22 said:

    2020 BMW M340i

    MSRP 58320
    Selling price 51888
    36/12
    Monthly payment $651
    zip code 94403
    Lease incentives combined 4k

    jsando22 said:

    milage 4500

    You need a much bigger discount from sticker, to offset the existing mileage.

    Shoot for $47,000 and see what they say.

    That will knock off over $100/mo from the payment.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


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    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • jsando22jsando22 Member Posts: 6
    The asking price was 52888. This deal is with 0 down. I think I can only get them to 51000 already tried 47000. The monthly payment is Including all taxes and fees with a 0.00139 MF. Should I take it or stay away? Btw thank you for responding!
  • jsando22jsando22 Member Posts: 6
    Michaell said:

    jsando22 said:

    2020 BMW M340i

    MSRP 58320
    Selling price 51888
    36/12
    Monthly payment $651
    zip code 94403
    Lease incentives combined 4k

    jsando22 said:

    milage 4500

    You need a much bigger discount from sticker, to offset the existing mileage.

    Shoot for $47,000 and see what they say.

    That will knock off over $100/mo from the payment.

    The asking price was 52888. This deal is with 0 down. I think I can only get them to 51000 already tried 47000. The monthly payment is Including all taxes and fees with a 0.00139 MF. Should I take it or stay away? Btw thank you for responding!


  • MichaellMichaell Moderator Posts: 266,027
    jsando22 said:

    Michaell said:

    jsando22 said:

    2020 BMW M340i

    MSRP 58320
    Selling price 51888
    36/12
    Monthly payment $651
    zip code 94403
    Lease incentives combined 4k

    jsando22 said:

    milage 4500

    You need a much bigger discount from sticker, to offset the existing mileage.

    Shoot for $47,000 and see what they say.

    That will knock off over $100/mo from the payment.
    The asking price was 52888. This deal is with 0 down. I think I can only get them to 51000 already tried 47000. The monthly payment is Including all taxes and fees with a 0.00139 MF. Should I take it or stay away? Btw thank you for responding!
    I'd never sign a lease deal where the MF is marked up.

    How many dealers have you shopped?

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • jsando22jsando22 Member Posts: 6
    Michaell said:

    jsando22 said:

    Michaell said:

    jsando22 said:

    2020 BMW M340i

    MSRP 58320
    Selling price 51888
    36/12
    Monthly payment $651
    zip code 94403
    Lease incentives combined 4k

    jsando22 said:

    milage 4500

    You need a much bigger discount from sticker, to offset the existing mileage.

    Shoot for $47,000 and see what they say.

    That will knock off over $100/mo from the payment.
    The asking price was 52888. This deal is with 0 down. I think I can only get them to 51000 already tried 47000. The monthly payment is Including all taxes and fees with a 0.00139 MF. Should I take it or stay away? Btw thank you for responding!
    I'd never sign a lease deal where the MF is marked up.

    How many dealers have you shopped?


    The MF is marked up for this deal??

    I shopped multiple dealers. This is one of the better offers I've received because most dealers won't haggle on price for their 2020 loaner cars.
  • MichaellMichaell Moderator Posts: 266,027
    jsando22 said:

    Michaell said:

    jsando22 said:

    Michaell said:

    jsando22 said:

    2020 BMW M340i

    MSRP 58320
    Selling price 51888
    36/12
    Monthly payment $651
    zip code 94403
    Lease incentives combined 4k

    jsando22 said:

    milage 4500

    You need a much bigger discount from sticker, to offset the existing mileage.

    Shoot for $47,000 and see what they say.

    That will knock off over $100/mo from the payment.
    The asking price was 52888. This deal is with 0 down. I think I can only get them to 51000 already tried 47000. The monthly payment is Including all taxes and fees with a 0.00139 MF. Should I take it or stay away? Btw thank you for responding!
    I'd never sign a lease deal where the MF is marked up.

    How many dealers have you shopped?


    The MF is marked up for this deal??

    I shopped multiple dealers. This is one of the better offers I've received because most dealers won't haggle on price for their 2020 loaner cars.
    The base MF is .00099; the MF on your deal is .00139, which is the maximum markup allowed by the bank.

    This is not a good deal for a loaner.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

  • jsando22jsando22 Member Posts: 6
    Michaell said:

    jsando22 said:

    Michaell said:

    jsando22 said:

    Michaell said:

    jsando22 said:

    2020 BMW M340i

    MSRP 58320
    Selling price 51888
    36/12
    Monthly payment $651
    zip code 94403
    Lease incentives combined 4k

    jsando22 said:

    milage 4500

    You need a much bigger discount from sticker, to offset the existing mileage.

    Shoot for $47,000 and see what they say.

    That will knock off over $100/mo from the payment.
    The asking price was 52888. This deal is with 0 down. I think I can only get them to 51000 already tried 47000. The monthly payment is Including all taxes and fees with a 0.00139 MF. Should I take it or stay away? Btw thank you for responding!
    I'd never sign a lease deal where the MF is marked up.

    How many dealers have you shopped?


    The MF is marked up for this deal??

    I shopped multiple dealers. This is one of the better offers I've received because most dealers won't haggle on price for their 2020 loaner cars.
    The base MF is .00099; the MF on your deal is .00139, which is the maximum markup allowed by the bank.

    This is not a good deal for a loaner.

    Thank you for the information! I didn’t specify before. The 651$ monthly payment is with 0$ down. All the taxes and fees are rolled into the payments. Is this a good deal for 651$ a month with taxes and fees rolled in?
  • MichaellMichaell Moderator Posts: 266,027
    jsando22 said:

    Michaell said:

    jsando22 said:

    Michaell said:

    jsando22 said:

    Michaell said:

    jsando22 said:

    2020 BMW M340i

    MSRP 58320
    Selling price 51888
    36/12
    Monthly payment $651
    zip code 94403
    Lease incentives combined 4k

    jsando22 said:

    milage 4500

    You need a much bigger discount from sticker, to offset the existing mileage.

    Shoot for $47,000 and see what they say.

    That will knock off over $100/mo from the payment.
    The asking price was 52888. This deal is with 0 down. I think I can only get them to 51000 already tried 47000. The monthly payment is Including all taxes and fees with a 0.00139 MF. Should I take it or stay away? Btw thank you for responding!
    I'd never sign a lease deal where the MF is marked up.

    How many dealers have you shopped?


    The MF is marked up for this deal??

    I shopped multiple dealers. This is one of the better offers I've received because most dealers won't haggle on price for their 2020 loaner cars.
    The base MF is .00099; the MF on your deal is .00139, which is the maximum markup allowed by the bank.

    This is not a good deal for a loaner.

    Thank you for the information! I didn’t specify before. The 651$ monthly payment is with 0$ down. All the taxes and fees are rolled into the payments. Is this a good deal for 651$ a month with taxes and fees rolled in?
    With a marked up money factor, I will never concede that it is a good deal.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige

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