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Considering 2018 X1 Lease
New member here. I'm considering a new X1 xDrive for my wife. I'm looking for Convenience Package, Premium Package, Metallic paint, Leather, Apple Car Play. MSRP comes to exactly $44,000 plus $995 D&H, so $44,995. In March 2018 the same dealer quoted me a car with slightly different features (Metallic, leather, convenience, pkg, etc) with a $1,306 lower MSRP of $42,694 (+$995) for $349/mo x 36 @ 10K miles with $4,244 due at sign. So, for the $44K config I'm considering now, what would the estimated payment be? I'd like to be in the mid-300's. His first offer to me on this car was $429 x 36 @ 10K, with $3,851 due. Seems out of whack. Would $4.2k due at sign be reasonable to get to $350-ish/mo? I know he can stack a few incentives. USAA, corporate fleet, BMW CCA, etc.
Thanks all!
AJ
Thanks all!
AJ
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Optionsajjunior Member Posts: 3Wow..thanks kyfdx for a thorough breakdown. I know the USAA incentive is $2K (posted on the website of an NJ dealer), and I'll look into the Corporate fleet thing as well. That might get me there. Taking into account the $349 quote from the dealer where the car is about $1800 cheaper than the one I want I can probably come close. Thanks again!
AJ0
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Your "quote" from March looks suspiciously like the advertised lease, not a real quote with the actual numbers including tax, etc.
Do you qualify for all of those incentives?
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So, on the $44,000 car I'd be happy with $350-ish/month x 36 @ 10K with about $4000 due at signing.
THANKS!
$1500 lease credit
$1000 loyalty
The CCA rebate has a lot more qualifiers than it used to. And, since it actually comes from BMW, they can restrict it, however they want. I bought a CPO service loaner, last September.... and, no rebate allowed. Either under CPO or new, because it was an ex-loaner.
I don't have the details on a lot of those incentives, so let's just stick with the $2500 rebate, for now.
$44995 MSRP
-$3150 discount (7%)
-$2500 rebate
=$39345 selling price
+$925 acquisition fee
+$400 DMV
+$400 dealer/doc fee
+$1450 tax
= $42,520 Gross CAP
-$3500 CAP reduction
= $39020 NET CAP
$455/mo.
$3500 + $455 = $3955 Due at Signing.
You'll need about $3500 in additional rebates and/or discounts to get to the $350/mo. range.
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Msrp:42,999
Discounted to: 35,900
36 mo/10k
2k cap (2790 drive off inclusive of 1st month, new lic. Et all)
$399/mo
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4