12-06-2023, 05:20 AM | #199 |
Second Lieutenant
183
Rep 286
Posts |
ilya4min
Great write up above, the 1 thing I didn’t notice or I just missed it, was the miles per year, is that annual allowance 10k or 12k? |
Appreciate
0
|
12-06-2023, 09:34 AM | #201 |
Captain
1410
Rep 970
Posts
Drives: ix xDrive50
Join Date: Jul 2023
Location: Georgia
|
And IIRC, the annual mileage steps just change the residual by a percent, right? Like isn't 7,500 54%; 10,000 53%; and 12,000 52%?
__________________
2024 iX xDrive50 Phytonic Blue on Mocha with DAPP, Premium, B&W, Ventilated & Radiant Heated Seats, Adaptive Headlights, and Luxury
|
Appreciate
0
|
12-06-2023, 03:43 PM | #203 |
New Member
2
Rep 16
Posts
Drives: 640i Gran Coupe
Join Date: Sep 2012
Location: TX & HI
|
Current lease offer
The current December lease deal is $699 per month.
MSRP $90,595 (My build is around $102k though) Dealer contribution $4,000 BMW contribution $9,900 Down payment $4,755 plus 1st pmt of $699 and lease acquisition $995. Adjusted cap cost $71,940 Term 36 months/10k miles per year Residual value $48,821 Depreciation: Adjusted cap cost of $71,940 - residual value $48,821 = $23,119 / 36 = $642.19 per month in depreciation. So $56.81 in interest. ($56.81 x 12) = $681.72/71,940 = .9476% annual interest? So how does this seem as far as being a deal?
__________________
|
Appreciate
0
|
12-07-2023, 10:47 AM | #204 | |
colo45e
14
Rep 39
Posts |
Quote:
We ended up pulling the trigger on an iX lease yesterday (assuming the car arrives at the dealer before Jan 2). They have one in-transit that hits all of our criteria + some and has a MSRP of $99.5K. In addition to the $9,900 national rebate, they did a dealer discount of about 6%, basically $500 above wholesale + they did some sort of local tax incentives which knocked another $2,500 off + threw in ceramic tint. Overall, bout $17.5K off MSRP, which felt pretty good. MF was .0009 (I tried for .0005). They ended up offering $3-5K more for the X5 trade-in than expected. We took $13K of that and put it towards the lease payment, $16K to the outstanding loan and then will pocket $14K. All in all, that brings the lease to $750/mo with 15K miles/yr. All in all, this worked out for our situation and what we wanted, so we're pretty happy about. Thanks again for all the advice in this thread, very helpful. Now just fingers crossed the car shows up this month... |
|
Appreciate
2
exxxviii1410.00 thebishman630.50 |
12-07-2023, 03:09 PM | #206 |
colo45e
14
Rep 39
Posts |
|
Appreciate
0
|
12-07-2023, 03:46 PM | #207 |
Captain
1011
Rep 791
Posts |
Your CA is right, and you understood correctly. The December lease program for the iX is not lockable, so if the car gets delivered past Jan 2nd then you’ll get whatever leasing rates are applicable to Jan ‘24.
|
Appreciate
0
|
12-07-2023, 04:10 PM | #208 | |
Second Lieutenant
129
Rep 200
Posts |
Quote:
smithf80 can confirm this for you. Also, you can connect with him, he can beat any deal you are getting from your local dealership. |
|
Appreciate
0
|
12-07-2023, 08:19 PM | #209 | |
Captain
1011
Rep 791
Posts |
Quote:
If you have a credible source that says otherwise, I’d love to know cos I’d like to lock my rates in. smithf80 Could you confirm which is correct pls? Thanks! |
|
Appreciate
0
|
12-07-2023, 11:59 PM | #210 | |
Second Lieutenant
129
Rep 200
Posts |
Quote:
|
|
Appreciate
1
therealkenc1011.00 |
12-08-2023, 06:58 AM | #211 | |
Major General
2813
Rep 5,316
Posts
Drives: G80 M3 6MT
Join Date: Mar 2014
Location: Long Island, NY
|
Quote:
__________________
Scott, Partner
Insight Automotive Consulting Click HERE for all discounted BMW New Car Pricing Click HERE for all BMW In Stock Inventory Specials Call/Text: 516-416-5481 Email: scott@insightautoconsulting.com |
|
Appreciate
0
|
12-08-2023, 08:27 AM | #212 |
Private
8
Rep 53
Posts |
Just signed my lease for iX 50. Details below
MSRP: $96,500 National Tax Rebate: $9,900 % Off MSRP: 12% Money Factor: 0.0009 (tried for 0.0005, but failed) Residual: 54% (10K/ 3 years) MSD: 7x (maximum) Capitalized all payments into lease for $0 at signing. Monthly payment including dealer fees, taxes, and DMV fees = $812/month. I believe this excludes the disposition fee of $495 at end of lease (I didn't ask about that). Thoughts? https://leasehackr.com/calculator?ma...sult_mode=true |
Appreciate
1
cggizmo1.50 |
12-08-2023, 08:37 AM | #213 | |
In a world of my own
210
Rep 224
Posts
Drives: 2024 BMW iX xDrive50
Join Date: Nov 2023
Location: New England (was Old England)
|
Quote:
__________________
Current: 2024 iX xDrive50
Previous BMWs: 2014 (US) F10 535i xDrive MSport, 2002/3 (UK) E46 330ci Convertible, 1994/5 (UK) E36 318i |
|
Appreciate
0
|
12-08-2023, 09:39 AM | #214 |
Captain
1011
Rep 791
Posts |
Hm.. this must be a wrong list, then? It looks like it’s from BMW’s system, though. I really hope you’re right!
|
Appreciate
0
|
12-08-2023, 09:54 AM | #215 |
Private
8
Rep 53
Posts |
MF is prior to MSDs.
The dealer said prior to the Nov/ Dec deal, they were willing to do 0.000111 MF because BMW was giving them a cash bonus in lieu of a markup. Now, BMW no longer gives a cash bonus so the dealer has to markup the MF to the max (0.0009). I don't know if this is true or just trying to convince me to accept 0.0009. |
Appreciate
0
|
12-08-2023, 10:04 AM | #216 | |
In a world of my own
210
Rep 224
Posts
Drives: 2024 BMW iX xDrive50
Join Date: Nov 2023
Location: New England (was Old England)
|
Quote:
__________________
Current: 2024 iX xDrive50
Previous BMWs: 2014 (US) F10 535i xDrive MSport, 2002/3 (UK) E46 330ci Convertible, 1994/5 (UK) E36 318i |
|
Appreciate
0
|
12-08-2023, 01:05 PM | #217 | ||
Second Lieutenant
309
Rep 270
Posts |
Quote:
Quote:
|
||
Appreciate
0
|
12-08-2023, 01:10 PM | #218 |
In a world of my own
210
Rep 224
Posts
Drives: 2024 BMW iX xDrive50
Join Date: Nov 2023
Location: New England (was Old England)
|
50. Base of 0.0005 - 0.00042 = 0.00008? That is what I got.
__________________
Current: 2024 iX xDrive50
Previous BMWs: 2014 (US) F10 535i xDrive MSport, 2002/3 (UK) E46 330ci Convertible, 1994/5 (UK) E36 318i |
Appreciate
0
|
12-08-2023, 02:52 PM | #219 |
Second Lieutenant
309
Rep 270
Posts |
|
Appreciate
0
|
12-08-2023, 03:17 PM | #220 | |
Private
8
Rep 53
Posts |
Quote:
I wonder if you got less off MSRP, they were willing to go down to base rate. |
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|