10-17-2017, 09:56 AM | #1 |
Assassin
144
Rep 156
Posts
Drives: 2013 F30 335i Xdrive M-SPORT
Join Date: Dec 2014
Location: (Northern) New Jersey
|
2017 M240 Executive demo Lease deal? Is this good...
Looking to get out of my 328I and have a few dealerships throwing around numbers.
They found a low mile (3,200) "Executive Demo" M240 . Alpine White with Black Interior. Here is my deal below... Please let me know if this a decent deal or not, as i have no idea coming from a 328i what the lease deals are for the M240's as an executive demo.. Thanks. 2017 BMW M240. Automatic / X drive Cold Weather Package 0ZDA Driving Assistance Package 07S9 ConnectedDrive Package 01CA CO2 relevant vehicles 02VB Tire pressure monitor 02VC Mobility Kit 0302 Alarm System 0319 Universal garage-door opener 0322 Comfort Access keyless entry 03DZ Without Lines designation 0403 Moonroof 0423 Floor mats 0430 Auto-dimming driver mirror 0431 Auto-dimming rearview mirror 0441 Smoker's package 0459 Power Front Seats 0488 Lumbar support 0493 Storage package 04FT Aluminum trim w/ Black accent 0521 Rain sensor and auto headlight 0522 Xenon headlights 0524 Adaptive light control 0534 Automatic climate control 0563 Ambient Lighting 0609 Navigation system 0655 SiriusXM Radio w/ 1 year sub. 0674 harman/kardon Premium System 0697 DVD Area coding, North America 06AC BMW Assist eCall 06AE BMW TeleServices 06CP Apple CarPlay Compatibility 06NH Hands-free Bluetooth and USB 06WA Instrument cluster 0840 Increased top speed limiter 08KL Oil Chg 10,000 mls/12 months 08S4 Variable Light Decoding 08TN Daytime driving lights 0925 Shipping package 09AA Transport protection 0ZAC Connected App Compatibility $4000 down / 10000 miles A YEAR / $559 per month / 36 MONTHS.
__________________
2013 F30 335i w/ Xdrive M-SPORT
MHD Tune, M Performance stainless pedals, M Performance trunk spoiler. Last edited by jamoka3; 10-17-2017 at 11:13 AM.. |
10-17-2017, 11:03 AM | #3 |
Assassin
144
Rep 156
Posts
Drives: 2013 F30 335i Xdrive M-SPORT
Join Date: Dec 2014
Location: (Northern) New Jersey
|
Thanks for the input... Do you think i should submit a counter offer?
I don't know where to start... Like i said i can see what a new one goes for but i have NO idea about these Executive Demos...?
__________________
2013 F30 335i w/ Xdrive M-SPORT
MHD Tune, M Performance stainless pedals, M Performance trunk spoiler. |
Appreciate
0
|
10-17-2017, 11:07 AM | #5 |
Assassin
144
Rep 156
Posts
Drives: 2013 F30 335i Xdrive M-SPORT
Join Date: Dec 2014
Location: (Northern) New Jersey
|
Prestige, Paul Miller, and Open Road BMW. I have been to them all, all have there input. Listed above so far is there best "deal"...
__________________
2013 F30 335i w/ Xdrive M-SPORT
MHD Tune, M Performance stainless pedals, M Performance trunk spoiler. |
Appreciate
0
|
10-17-2017, 11:13 AM | #6 |
Second Lieutenant
108
Rep 216
Posts |
|
Appreciate
0
|
10-17-2017, 12:11 PM | #7 |
Major General
4520
Rep 8,942
Posts |
Call Main Line and ask for Peter Ryan. They do a shit ton of executive demo cars and usually have very good deals.
Exec demos are a bit of a balancing act where you get a discount on the car then get dinged on the residual.
__________________
2022 Macan S
2016 F31 328i xDrive Sport Wagon 2006 E46 330ci ZHP Convertible |
Appreciate
0
|
10-17-2017, 12:40 PM | #8 |
Private
11
Rep 82
Posts |
My last experience with Prestige was very poor. First attempt for a deal was laughable. I requested a new sales guy. Second time they made it seem like they were trying but still even after I told them "this is my final deal, i cannot go lower" the CA told me I could not do it and then waited a full week to call me back. In the meantime I emailed Mike @ Park Ave (per forum rec) and he immediately accepted my offer, which makes me think I probably could've gotten lower. But anyway you can't complain if someone accepts your offer so I'm happy. Also this car was a dealer swap from DE.
|
Appreciate
0
|
10-17-2017, 01:08 PM | #9 |
First Lieutenant
140
Rep 381
Posts |
- Sounds like a ~$53k MSRP car?
- What are they using as selling price? That kind of car should have a ~$10k discount off MSRP to be a good deal. - Base money factor should be .00152 on the 2017s. Make sure they give you the base money factor. - How much do you get dinged on the residual for an extra 3200 miles? 1% lower than the standard 57% 2017 residual? I ran some rough numbers on leasehackr using $43k as selling price (what you should be pushing for), .00152 as money factor (what you should be pushing for), and 56% as the residual (assumption). Using $500 for doc fees, and a 6.875% sales tax, it came up with a $542/month payment including tax. This is on a true 0 down lease with all fees rolled into the lease, so $0 due on drive-off. Obviously the above is a rough estimate, but ~$550/month including tax with $0 due on drive-off should be attainable for that car.
__________________
Current: 2019 640i GT, 2019 MX-5 GT-S, 2015 X1 xDrive35i
Gone, but not forgotten: 2017 m240i, 2016 GTI PP, 2013 Camaro SS, 2009 G8 GXP, 2008 G8 GT, 2007 335i, 2003 530i |
Appreciate
1
jamoka3143.50 |
10-17-2017, 01:17 PM | #10 | |
Assassin
144
Rep 156
Posts
Drives: 2013 F30 335i Xdrive M-SPORT
Join Date: Dec 2014
Location: (Northern) New Jersey
|
Quote:
I will absolutely post the outcome, and attach other offers, as they come from other dealers.
__________________
2013 F30 335i w/ Xdrive M-SPORT
MHD Tune, M Performance stainless pedals, M Performance trunk spoiler. |
|
Appreciate
0
|
10-17-2017, 01:40 PM | #12 | |
Assassin
144
Rep 156
Posts
Drives: 2013 F30 335i Xdrive M-SPORT
Join Date: Dec 2014
Location: (Northern) New Jersey
|
Quote:
My credit is excellent , (Ie: over 825) debt to income is great as well. I will qualify with no issue.
__________________
2013 F30 335i w/ Xdrive M-SPORT
MHD Tune, M Performance stainless pedals, M Performance trunk spoiler. |
|
Appreciate
0
|
10-17-2017, 02:53 PM | #13 | |
Assassin
144
Rep 156
Posts
Drives: 2013 F30 335i Xdrive M-SPORT
Join Date: Dec 2014
Location: (Northern) New Jersey
|
Quote:
"I'm giving you over $11,000 discount, Residual is .52% Money factor is .00152 You have to add taxes, bank fee, doc fee, DMV. As you can see I'm giving you a great deal." -Open Road BMW.
__________________
2013 F30 335i w/ Xdrive M-SPORT
MHD Tune, M Performance stainless pedals, M Performance trunk spoiler. |
|
Appreciate
0
|
10-17-2017, 03:15 PM | #14 | |
First Lieutenant
140
Rep 381
Posts |
Quote:
If they start moving in the right direction and are close, ask them for a full breakdown, including all fees involved, and post back here. If they won't budge, I would not waste any more time and just walk away. If they want to make the sale, they will call you back in a couple of days.
__________________
Current: 2019 640i GT, 2019 MX-5 GT-S, 2015 X1 xDrive35i
Gone, but not forgotten: 2017 m240i, 2016 GTI PP, 2013 Camaro SS, 2009 G8 GXP, 2008 G8 GT, 2007 335i, 2003 530i |
|
Appreciate
1
jamoka3143.50 |
10-17-2017, 03:18 PM | #15 | |
Assassin
144
Rep 156
Posts
Drives: 2013 F30 335i Xdrive M-SPORT
Join Date: Dec 2014
Location: (Northern) New Jersey
|
Quote:
__________________
2013 F30 335i w/ Xdrive M-SPORT
MHD Tune, M Performance stainless pedals, M Performance trunk spoiler. |
|
Appreciate
0
|
10-17-2017, 04:10 PM | #16 |
First Lieutenant
140
Rep 381
Posts |
Well, do you want a daily driver? I used to have a 2013 2SS Camaro, and that car was definitely harder to live with on a daily basis than the M240i. I know the new one is more refined, but it has even less space in the back and still has the visibility of a cave on wheels.
__________________
Current: 2019 640i GT, 2019 MX-5 GT-S, 2015 X1 xDrive35i
Gone, but not forgotten: 2017 m240i, 2016 GTI PP, 2013 Camaro SS, 2009 G8 GXP, 2008 G8 GT, 2007 335i, 2003 530i |
Appreciate
1
jamoka3143.50 |
10-17-2017, 04:42 PM | #17 |
Assassin
144
Rep 156
Posts
Drives: 2013 F30 335i Xdrive M-SPORT
Join Date: Dec 2014
Location: (Northern) New Jersey
|
Kinda more of a nice weather/ weekend car I have a 2016 Chevy Silverado Z71 that's my "work Truck" so i have a few cars. That's the other reason Chevy has deals for me, loyalty customer rebate etc.
Im not giving up on pressuring Open Road BMW for that m240 above ,but If the 2018 Camaro is a overall better deal then im torn...
__________________
2013 F30 335i w/ Xdrive M-SPORT
MHD Tune, M Performance stainless pedals, M Performance trunk spoiler. |
Appreciate
0
|
10-23-2017, 01:04 PM | #18 | |
Brigadier General
3282
Rep 3,257
Posts |
Quote:
To put it in perspective, I have a similar car minus cold weather and xdrive but with leather. I pay $590/month with $0 down, 12k miles. Granted I got in when residuals were better, but I imagine this is really close to the price of a brand new car. |
|
Appreciate
0
|
10-23-2017, 07:57 PM | #19 |
New Member
5
Rep 21
Posts |
I registered just to post, please avoid Prestige and Park Ave at all costs. I have been to just about every BMW in the tri state area (I've helped friends and family buy cars) and those two dealers are just so unpleasant or trying to upsell you always.
I guess it could be because of the Mini headquarters so close by or something odd, but the one executive I occasionally see at the local deli always recommended Orange County BMW in Harriman NY (he also said he could be horribly miss informed, as he always had a new BMW fleet loaner thing). But my experience tended to jive with what he said, so be careful if you're going there. |
Appreciate
0
|
Post Reply |
Bookmarks |
|
|