04-02-2020, 02:06 AM | #1 |
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Buy or lease?
Hello im completely new to cars and I was looking for advice on leasing or buying a 2020 BMW M340i xdrive.
I plan on ordering the car in mineral gray with the executive package and maybe some small other upgrades since the dealerships around me don't have them in stock. Ive been trying to do research on wether or not it is better to lease or buy the car. I am not sure what the mileage limit is but I know it is probably 10-12k miles/year. I definitely do want to upgrade in a couple years after I get this car. I would probably be driving a little over 12k miles a year and I know you can buy extra miles before the lease is up. Ive been seeing people talk about residuals and MF values and such (which I have no clue anything about). Would anyone be able to share their opinions on wether I should lease or buy? Also, since I am ordering a brand new car, how would I be able to bargain/negotiate the price down? I have no experience in this as I have never bought a car. I dont know how much one would be able to bargain the price down but the sticker price would be $62,385 Any help is appreciated! |
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04-02-2020, 02:48 AM | #2 |
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Hello and welcome to the forum! For questions about leasing, you should check out leasehackr and do research there. But to answer your questions, mf is Money Factor. The mf is a number which is your interest monthly for the lease. There are set money factors based on the residual of the car. On leasehackr you will see what most people are getting a discount on which gives you an idea for what discount is possible and what to aim for. 12% off msrp pre incentive is a great discount.
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04-02-2020, 06:06 AM | #3 | |
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Drives: 2020 BMW M340i xDrive
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Location: Ohio
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04-02-2020, 06:53 AM | #4 | |
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Drives: 23 X7 40i; 23 M3; 24 cooper s
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For some good information on leasing basics, check out the leasing 101 articles on leasehackr: https://leasehackr.com/blog?category=Leasing%20101
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2023 BMW M3 6MT 2024 Mini Cooper S Convertible '20 BMW m340i... '20 BMW X5 40i... '16 Infiniti Q50 RS 400... '10 Lexus RX 350... '08 Lexus IS 350... '00 Nissan Maxima... '93 Nissan Maxima |
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