[Onek2fok]

I know this is a M340i thread, but wasn't able to get much traction on the G22 thread, so here I am.
So after days of negotiating, I have settled on a lease deal for my first new BMW!

The experience started off with the 2021 430i xDrive, but after a test drive of the M440i I had second thoughts and decided to work on an agreement on the M440i.

Agreed to deal:

10k/36
MSRP - $64,870
Sale Price - $57,451 (includes $2,500 incentives)
% Off - 12% w/ incentives
MF - .00086
$2,500 due at signing includes fees and tags
Monthly - $650 (w/o tax $592)
No MSDs

The car will be ordered to my spec. Includes premium pack, HK speakers, artic race blue and cognac interior.

Let me know your thoughts. Is this a good deal?

[nooobimmer]

Originally Posted by NewM3driver

I just got a real good one.... signed 12/31/19


msrp. 61,820

Discount 9,769

Sales price. 52,050

Rebates 3,000

multiple security deposits. 3,500

Upfront charges 2,218. (not sure why but in CT all the dealers upfront costs are in the low 2,xxx range. tax, title, acquisition fee, 1st month etc. No cap cost cash included)

Residual 37,092 (60%)
lease rate. .00128
12,000 miles

$462.80/month including CT sales tax

I think I stole it! With BMW leasing, timing is everything.

I guess now that I have left the world of hard core M, I should consider changing my Bimmerpost name. Truth is I honestly feel the 2020 M340i is the perfect blend of sportiness, performance and comfort wrapped into a very well presented package.

Can't wait to take delivery.

That's a great deal mate. I'm looking at this for my m340xi. First time buying a bimmer (noobie), hopefully it gets better with time when I'm through my first lease ever. https://leasehackr.com/calculator?ma...w_demo_25=true

[RigaTony1982]

Originally Posted by nooobimmer

That's a great deal mate. I'm looking at this for my m340xi. First time buying a bimmer (noobie), hopefully it gets better with time when I'm through my first lease ever. https://leasehackr.com/calculator?ma...w_demo_25=true

Having just done this process, I think you're pretty solid here. Not sure where you work, but check and see if you have any corporate type discounts/incentives. That stacks with the $1,500 lease cash you have listed there. Mine was an additional $500 for the M340.

[DantSaperon]

2000 while signing 14k per year 65k MSRP 560 per month. I believe that it is advisable to take a loan to buy a car when it is really needed for work / business. If the vehicle does not generate income, do you guarantee the return of the loan? I took out a loan from Mortgage Advisor Sunderland because I urgently needed this car for my work. I work as a taxi driver, and recently got into a serious accident. Fortunately, nothing bad happened to me, but the car crashed so much that it's cheaper to buy a new one. Now I work both day and night shifts to pay off my mortgage, but I make a pretty decent salary.

[Dairdevyld]

Originally Posted by DantSaperon

2000 while signing 14k per year 65k MSRP 560 per month.

That's a decent deal. First BMW or previous owner?

[TruthOne]

Originally Posted by DantSaperon

2000 while signing 14k per year 65k MSRP 560 per month.

How is this possible right now? Not saying I don’t believe you but literally nobody is going below $900 a month on an M340. Even 330’s are going for more and especially when you get over 12k miles.

[Dairdevyld]

Originally Posted by TruthOne

How is this possible right now? Not saying I don’t believe you but literally nobody is going below $900 a month on an M340. Even 330’s are going for more and especially when you get over 12k miles.

Maybe it's a typo and he meant 20,000 at signing haha

[TurtleBoy]

Originally Posted by TruthOne

How is this possible right now? Not saying I don’t believe you but literally nobody is going below $900 a month on an M340. Even 330’s are going for more and especially when you get over 12k miles.

It could be he meant a lease he signed in 2000.

It is not possible nowadays given the RV (there are no 14k leases) and MF unless a large amount is paid for cap cost reduction.

[TruthOne]

LOL I tried giving the benefit of the doubt.

[psmitty95]

Agreed with the above, leasing is crazy right now due to MF and residual.

I'm at ~$980 on an M340i xDrive build I ordered just before new years. Think MSRP was around $67-68K, got them to drop to $65K for the car and put $2.5K down.

No loyalty or other incentives, and in MA. Shopped around and most dealers were north of $1K and wouldn't budget off of MSRP, especially for an ordered vehicle

[TruthOne]

Originally Posted by psmitty95

Agreed with the above, leasing is crazy right now due to MF and residual.

I'm at ~$980 on an M340i xDrive build I ordered just before new years. Think MSRP was around $67-68K, got them to drop to $65K for the car and put $2.5K down.

No loyalty or other incentives, and in MA. Shopped around and most dealers were north of $1K and wouldn't budget off of MSRP, especially for an ordered vehicle

Just curious but with prices that high wouldn’t financing be better?

[Dairdevyld]

Originally Posted by TruthOne

Just curious but with prices that high wouldn’t financing be better?

I'm guessing you'd have to put down at least $8,000 to $9,000 to get anywhere near a $1,000 a month to finance.

[psmitty95]

Originally Posted by TruthOne

Just curious but with prices that high wouldn’t financing be better?

Ehh, would need to put quite a bit down to get payment sub $1k and i dont have a reason to own. Don’t drive enough miles, value a new car every three years, & always having warranty

[Panscan340]

Originally Posted by psmitty95

Ehh, would need to put quite a bit down to get payment sub $1k and i dont have a reason to own. Don’t drive enough miles, value a new car every three years, & always having warranty

You can still sell the car when you’re done with it. Comparing a lease payment to a finance payment is apples to oranges. Frankly leasing a new bmw right now is basically lighting money on fire with the rates, residuals and incentives as they are.

[psmitty95]

Originally Posted by Panscan340

You can still sell the car when you’re done with it. Comparing a lease payment to a finance payment is apples to oranges. Frankly leasing a new bmw right now is basically lighting money on fire with the rates, residuals and incentives as they are.

Agreed apples to oranges, disagreed it's lighting money on fire. Basic time value of money -- to get payments even remotely similar, I'd need to cough up a substantial down payment today that I would rather invest in the market or elsewhere (hell, I can throw it in a HY savings account and earn mid 3's) for the next 36 months.

End of the day it's the same argument as always regardless of the rate environment - different strokes for different folks and while it makes sense for some to lease it makes sense for others to finance.

[RigaTony1982]

I think financing is the way to go at the moment by a long shot. Looking at Psmitty95's example, he's paying $37,780 ($980 * 36 + the $2,500 down) to lease a car he could have bought for $65K. That's almost 60% of the price of the car, and he won't own anything at the end. Better off taking a 6 year loan and selling at the 3 year mark, as the residual on the car is going to be higher than 40% I'm guessing at that point.

[Panscan340]

Originally Posted by RigaTony1982

I think financing is the way to go at the moment by a long shot. Looking at Psmitty95's example, he's paying $37,780 ($980 * 36 + the $2,500 down) to lease a car he could have bought for $65K. That's almost 60% of the price of the car, and he won't own anything at the end. Better off taking a 6 year loan and selling at the 3 year mark, as the residual on the car is going to be higher than 40% I'm guessing at that point.

Exactly. Main protection is if you get into wreck and car value substantially lowered but still think on basically anything BMW right now leasing doesn’t make sense.

[psmitty95]

I still think it's a toss-up depending on how much someone is going to drive, how long they intend to "own" the car, and if the ability to switch into something new every three years makes sense. See below for some sensitivity charts showing a couple of different rate / down payment scenario's to finance my exact build.

Picking 4.50% and $2.5K down, monthly payments would total $1,241.53 for $47,195.15 paid after 36 months (inclusive of the $2.5K down). After month 36, principal on the loan would have amortized down to $29.5K so if you tack on the additional $9.4K difference in payments you've made you would need to sell for $38.9K to break-even (59.9% of the $65K negotiated sale price excluding taxes). This all excludes any time value of money given fairly small $'s


Personally, I think neither is a no brainer and it just comes down to the individual. Hopefully the below / above is helpful to someone in the market!

[Dairdevyld]

Originally Posted by psmitty95

I still think it's a toss-up depending on how much someone is going to drive, how long they intend to "own" the car, and if the ability to switch into something new every three years makes sense. See below for some sensitivity charts showing a couple of different rate / down payment scenario's to finance my exact build.

Picking 4.50% and $2.5K down, monthly payments would total $1,241.53 for $47,195.15 paid after 36 months (inclusive of the $2.5K down). After month 36, principal on the loan would have amortized down to $29.5K so if you tack on the additional $9.4K difference in payments you've made you would need to sell for $38.9K to break-even (59.9% of the $65K negotiated sale price excluding taxes). This all excludes any time value of money given fairly small $'s


Personally, I think neither is a no brainer and it just comes down to the individual. Hopefully the below / above is helpful to someone in the market!

This was super helpful.

[Next Level Auto Brokers]

You should aim for 4-6% off MSRP before rebates

$1000 lease cash for loyalty/corporate fleet

Buy rate for BMWs Feb is .00185 so make sure the dealer isn't marking up that to hide money.

Example of a $62k MSRP M340:

$742/month + tax
~$3000 in inception fees + MSDs

$781/month + tax
~$3000 in inception fees without MSDs


https://leasehackr.com/calculator?ma...sult_mode=true

I hope this helps people looking for one!

I've seen lease quotes for $1000/month which is nuts

[Eljefe25]

Originally Posted by Next Level Auto Brokers

You should aim for 4-6% off MSRP before rebates

$1000 lease cash for loyalty/corporate fleet

Buy rate for BMWs Feb is .00185 so make sure the dealer isn't marking up that to hide money.

Example of a $62k MSRP M340:

$742/month + tax
~$3000 in inception fees + MSDs

$781/month + tax
~$3000 in inception fees without MSDs


https://leasehackr.com/calculator?ma...sult_mode=true

I hope this helps people looking for one!

I've seen lease quotes for $1000/month which is nuts

Brokers are doing 6% off for the m340i?

I contacted a broker recently and they said they only do 2.5% since it’s more limited than the regular 330i.

[Next Level Auto Brokers]

Originally Posted by Eljefe25

Brokers are doing 6% off for the m340i?

I contacted a broker recently and they said they only do 2.5% since it’s more limited than the regular 330i.

Not all brokers are created equal