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[A Good Deal Or Not] 2020 BMW m240i Convertible

hat_wolfhat_wolf Member Posts: 5
edited August 2020 in BMW
Hi,
I just got a quote on a 2020 BMW m240i Convertible with premium package.
MSRP: 55,940
Lease Term: 36/10
Selling price: 51,400
Monthly: 585 +tax
With max MSDs: 558 +tax
Due on signing: 2550 + shipping

Is this a good deal? It seems like the whole west coast is running low on m240 CV inventory. And I reached out to a few dealers and all of them are giving me way higher price than this.
Appreciate for any feedback, Thanks!
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  • MichaellMichaell Moderator Posts: 241,011
    hat_wolf said:

    Hi,
    I just got a quote on a 2020 BMW m240i Convertible with premium package.
    MSRP: 55,940
    Lease Term: 36/10
    Selling price: 51,400
    Monthly: 585 +tax
    With max MSDs: 558 +tax
    Due on signing: 2550 + shipping

    Is this a good deal? It seems like the whole west coast is running low on m240 CV inventory. And I reached out to a few dealers and all of them are giving me way higher price than this.
    Appreciate for any feedback, Thanks!

    What is your ZIP code?

    Yes, inventory is low for many dealers, which gives them the upper hand in negotiations.

    Edmunds Price Checker
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    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 / 2014 MINI Countryman S ALL4

  • hat_wolfhat_wolf Member Posts: 5
    Michaell said:

    hat_wolf said:

    Hi,
    I just got a quote on a 2020 BMW m240i Convertible with premium package.
    MSRP: 55,940
    Lease Term: 36/10
    Selling price: 51,400
    Monthly: 585 +tax
    With max MSDs: 558 +tax
    Due on signing: 2550 + shipping

    Is this a good deal? It seems like the whole west coast is running low on m240 CV inventory. And I reached out to a few dealers and all of them are giving me way higher price than this.
    Appreciate for any feedback, Thanks!

    What is your ZIP code?

    Yes, inventory is low for many dealers, which gives them the upper hand in negotiations.
    zip is 98109. This quote is from CA though.
  • MichaellMichaell Moderator Posts: 241,011
    hat_wolf said:

    Michaell said:

    hat_wolf said:

    Hi,
    I just got a quote on a 2020 BMW m240i Convertible with premium package.
    MSRP: 55,940
    Lease Term: 36/10
    Selling price: 51,400
    Monthly: 585 +tax
    With max MSDs: 558 +tax
    Due on signing: 2550 + shipping

    Is this a good deal? It seems like the whole west coast is running low on m240 CV inventory. And I reached out to a few dealers and all of them are giving me way higher price than this.
    Appreciate for any feedback, Thanks!

    What is your ZIP code?

    Yes, inventory is low for many dealers, which gives them the upper hand in negotiations.
    zip is 98109. This quote is from CA though.
    .00099 and 53%
    $2500 lease credit

    Using the MSRP and the selling prices given, I calculate $684/mo, plus tax.

    Quote from dealer looks reasonable.

    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 / 2014 MINI Countryman S ALL4

  • [Deleted User][Deleted User] Posts: 0
    edited August 2020
    @hat_wolf
    Would you mind PMing me the dealer info? Looking for a similar car and can’t get anywhere close to that in terms of lease rate!
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