09-23-2015, 10:06 PM | #1 |
Second Lieutenant
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New Lease - Looking for Guidance
Hi Everyone, great forum we have here.
My lease end is steadily approaching (mid December) and I'm roughly 7000 miles over on my lease. I was able to get into this lease with a pretty decent deal a couple years ago when they were offering incentives. I have a 2014 320i xDrive with premium package and sat radio. $4000 down and I am paying $220 a month. I am looking into 328/320i xDrive again this time with more options (front splitter bumper, sport package, lighting etc). This time the quotes I'm getting from the local dealer are awful at $3500 down and roughly $460 a month for a 320i with these options. What are my best bets? Try to find a dealer offering a pull ahead program to get me out of mine with limited mileage hit? My car is in MINT condition no marks. I would also look at another manufacturer, but BMW leases are very good and I've been very happy with my 320i. I'm not winning any land speed records but I have a 1100HP GT-R if i need to go fast. This is my daily driver/work car. We do have a baby on the way, so I will need something with a decent back seat. Do not like the X3/X5. 4 series gran sport is too expensive. Trying to get payment under $350 a month. Audi's lease terrible. I'm not a huge Merc. fan either. Can someone guide me to a good dealer or what I should be paying for a good optioned 320i |
09-23-2015, 10:29 PM | #2 | |
First Lieutenant
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Quote:
When leasing a new car, the best thing you can do is find out how much the car is marked up (lots of websites offer this number). Once you have this number, ask for an MSRP discount of that number minus $500 (dealer profit). So if a car is marked up $3500, the first thing I say to the salesman is, "I know the markup of the car is $3500, and i'm want to go as high as $500 dealer profit...can we work out some numbers? Some dealers will flat out say they need $1000 profit, and others will say let's do it. Usually high volume dealers are better at getting you a good deal because they focus on sales volume and not sales margin....usually. Remember, going with an informed number puts the ball in your court. I know that doesn't answer your question about how much you should pay for a 320i xDrive, but it's the better approach to take than comparing to a deal someone else got under different circumstances. From a price standpoint, other cars I would cross-shop to do my due diligence are...Audi A3, Audi A4, CLA250, C300, Lexus IS250, Acura TLX.... |
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