[sundevils96734]

2021 M340i
36/10 Lease

$65,370 MSRP
$60,170 Selling Price (8% off pre-incentive)
$2,500 in incentives (Not taxed in Arizona)
$0 Cap Cost Reduction
$0 MSD
$716/month (before tax and fees)
$778/month (tax and fees included)
$778 drive off (1st month's payment)

Even though I have perfect credit, dealer marked up the MF from .00082 to .00102 which is common practice in Arizona. Had the MF been .00082, my monthly payment would have been $756 instead of $778.

Fees:
$925 Aquisition Fee
$499 Dealer/Doc Fee
$975 Registration, Title, AZ Vehicle License Tax

[GD1981]

Originally Posted by TruthOne

I came from a Red Sport Q50 and will not go back. Yea they are quick and very tunable but the quality can't compare .. The build quality is not very good and they will get the doors blown off by an M340.

+1

I myself had a Q60 RS, and like you said, tuneable but the quality sucked ass. The 7 spd auto was garbage and is miles behind the ZF8 - also in stock form, high speed handling didn’t inspire confidence. And finally, the tech was far behind the competition, the dual screen was dated and no apple carplay either.

The only thing going for it was the sleek design and the motor.

[TruthOne]

Originally Posted by GD1981

+1

I myself had a Q60 RS, and like you said, tuneable but the quality sucked ass. The 7 spd auto was garbage and is miles behind the ZF8 - also in stock form, high speed handling didn't inspire confidence. And finally, the tech was far behind the competition, the dual screen was dated and no apple carplay either.

The only thing going for it was the sleek design and the motor.

Exactly if it had a different transmission or a DCT it would be very quick but it's totally limiting the cars capabilities. Stock the car should be as quick as the M340.

Also Corning at high speeds felt like a Buick . Big and floaty and not safe at all. Also the adaptive suspension was garbage. In comfort it was very bouncy and unstable

[wtwo3]

For those of you saying that leasehackr is unrealistic, and that most people aren't getting the deals you see online.... I took a different approach.

My question was, HOW were they able to get it, from the point of view of trying to learn and understand what I could do to get similar results. If you just automatically assume that EVERYONE is lying.... then you've already admitted defeat.

Ultimately I ended up contacting 21 different dealerships and putting a few of the most aggressive ones against each other. Sounds like a lot of work but it was maybe 2 days of excessive emails/phone calls and a few dealerships arrogantly laughing in my face.... but I finally got my 10% off pre-incentive with buyrate MF in an ultra-conservative Chicagoland market. So it CAN be done, you just have to have the right attitude and expectations.

The other thing to keep in mind is that discounts, money factor, and residual values can and sometimes do fluctuate month to month. So just because someone got a great deal in say, December 2019, doesn't mean that you're entitled to an equally good deal in December 2020.

This was my deal when I signed back in November 2019:

MSRP: $68,970
Sale Price: $62,100 (10% discount)
Incentives: $2k loyalty; $1k lease cash
Adjusted Cap Cost: $59,100

Monthly Payment: $658 (including tax)
Drive-Off Amount: $ 6,013 (7 MSD-$4,900 + 1st month payment-$658 + Fees-$455)
Months: 36
Annual Mileage: 12,000
MF (before MSD's): 0.00128
Residual:60%

[TurtleBoy]

Originally Posted by wtwo3

The other thing to keep in mind is that discounts, money factor, and residual values can and sometimes do fluctuate month to month. So just because someone got a great deal in say, December 2019, doesn't mean that you're entitled to an equally good deal in December 2020.

This was my deal when I signed back in November 2019:

MSRP: $68,970
Sale Price: $62,100 (10% discount)
Incentives: $2k loyalty; $1k lease cash
Adjusted Cap Cost: $59,100

Monthly Payment: $658 (including tax)
Drive-Off Amount: $ 6,013 (7 MSD-$4,900 + 1st month payment-$658 + Fees-$455)
Months: 36
Annual Mileage: 12,000
MF (before MSD's): 0.00128
Residual:60%

A good example of this would be the change in RV from last year. Right now it is 57% for 12k which would add $55+ to your monthly payment.

[TruthOne]

Originally Posted by wtwo3

For those of you saying that leasehackr is unrealistic, and that most people aren't getting the deals you see online.... I took a different approach.

My question was, HOW were they able to get it, from the point of view of trying to learn and understand what I could do to get similar results. If you just automatically assume that EVERYONE is lying.... then you've already admitted defeat.

Ultimately I ended up contacting 21 different dealerships and putting a few of the most aggressive ones against each other. Sounds like a lot of work but it was maybe 2 days of excessive emails/phone calls and a few dealerships arrogantly laughing in my face.... but I finally got my 10% off pre-incentive with buyrate MF in an ultra-conservative Chicagoland market. So it CAN be done, you just have to have the right attitude and expectations.

The other thing to keep in mind is that discounts, money factor, and residual values can and sometimes do fluctuate month to month. So just because someone got a great deal in say, December 2019, doesn't mean that you're entitled to an equally good deal in December 2020.

This was my deal when I signed back in November 2019:

MSRP: $68,970
Sale Price: $62,100 (10% discount)
Incentives: $2k loyalty; $1k lease cash
Adjusted Cap Cost: $59,100

Monthly Payment: $658 (including tax)
Drive-Off Amount: $ 6,013 (7 MSD-$4,900 + 1st month payment-$658 + Fees-$455)
Months: 36
Annual Mileage: 12,000
MF (before MSD's): 0.00128
Residual:60%

I agree, but leasehakr really had nothing to do with your deal, you did that on your own. Also on Leasehakr they would say you got raped. I've seen people post prices similar to yours and got raked over the coals in the comments.

You're lucky with that residual, mine was 57% which makes a pretty drastic difference in payment.

[wtwo3]

Originally Posted by TruthOne

I agree, but leasehakr really had nothing to do with your deal, you did that on your own. Also on Leasehakr they would say you got raped. I've seen people post prices similar to yours and got raked over the coals in the comments.

You're lucky with that residual, mine was 57% which makes a pretty drastic difference in payment.

Actually Leasehackr is where I learned how to approach getting a good deal.... so I would say they had everything to do with my deal.

I did post it on leasehackr (originally with a slightly inflated MF) and they helped me push a little extra to get base MF. Ultimately I got a pretty favorable response on there, definitely no vibes about "getting raped". Honestly I think it has to do with how you pose the question on there. If it shows that you've done all your research before posting a question, I've noticed that they treat you fairly and give good advice. I see people who post looking for all the answers without having done any research and those are the ones that get hosed in the comments.

You can check out the thread here:
https://forum.leasehackr.com/t/bmw-m...signing/172814

[Gdiddy23]

Originally Posted by wtwo3

For those of you saying that leasehackr is unrealistic, and that most people aren't getting the deals you see online.... I took a different approach.

My question was, HOW were they able to get it, from the point of view of trying to learn and understand what I could do to get similar results. If you just automatically assume that EVERYONE is lying.... then you've already admitted defeat.

Ultimately I ended up contacting 21 different dealerships and putting a few of the most aggressive ones against each other. Sounds like a lot of work but it was maybe 2 days of excessive emails/phone calls and a few dealerships arrogantly laughing in my face.... but I finally got my 10% off pre-incentive with buyrate MF in an ultra-conservative Chicagoland market. So it CAN be done, you just have to have the right attitude and expectations.

The other thing to keep in mind is that discounts, money factor, and residual values can and sometimes do fluctuate month to month. So just because someone got a great deal in say, December 2019, doesn't mean that you're entitled to an equally good deal in December 2020.

This was my deal when I signed back in November 2019:

MSRP: $68,970
Sale Price: $62,100 (10% discount)
Incentives: $2k loyalty; $1k lease cash
Adjusted Cap Cost: $59,100

Monthly Payment: $658 (including tax)
Drive-Off Amount: $ 6,013 (7 MSD-$4,900 + 1st month payment-$658 + Fees-$455)
Months: 36
Annual Mileage: 12,000
MF (before MSD's): 0.00128
Residual:60%

This. I live in MN where the deals are notoriously bad. I did my research on leasehackr and used that knowledge to my benefit. Took me a couple of months of searching and putting dealerships against eachother to get the best pricing. I waited until end of month at end of 2019, and used all possible discounts I could get including an OL code.

I think I have one of the best prices in the state and have shared the dealer/SA info to a few on here. And to my knowledge they were able to also get good deals. A lot of it is timing and who you work with. The other part is being able to walk away if the deal sucks (and there were plenty of those here).

It is possible but it takes work. For those who don't want to go through that process, use a broker and be willing to drive further for the deal. Most times you only have to pay a nominal fee for their services anyways.

[Jbone453]

Originally Posted by Gdiddy23

This. I live in MN where the deals are notoriously bad. I did my research on leasehackr and used that knowledge to my benefit. Took me a couple of months of searching and putting dealerships against eachother to get the best pricing. I waited until end of month at end of 2019, and used all possible discounts I could get including an OL code.

I think I have one of the best prices in the state and have shared the dealer/SA info to a few on here. And to my knowledge they were able to also get good deals. A lot of it is timing and who you work with. The other part is being able to walk away if the deal sucks (and there were plenty of those here).

It is possible but it takes work. For those who don't want to go through that process, use a broker and be willing to drive further for the deal. Most times you only have to pay a nominal fee for their services anyways.

This was my experience as well and I'm in FL, but I ended up going the broker route. I was using data from LH and dealers were laughing at the numbers and it just ultimately wasn't worth the time going back and forth when their quotes to my initial offers I'd email in were so far off. For example had one dealer quote me about $900+ for a ~$63k MSRP M340i and the one I ordered from the broker was $64k and it's $611+tax.

[Gdiddy23]

Originally Posted by Jbone453

This was my experience as well and I'm in FL, but I ended up going the broker route. I was using data from LH and dealers were laughing at the numbers and it just ultimately wasn't worth the time going back and forth when their quotes to my initial offers I'd email in were so far off. For example had one dealer quote me about $900+ for a ~$63k MSRP M340i and the one I ordered from the broker was $64k and it's $611+tax.

The first quote I got was from the biggest dealership in MN and they literally quoted me at close to a $1k/month payment lol

I ended up going to a smaller dealership and had to wait longer for an allocation but was well worth it. I think my next one I'll use a broker and save the time

[EXE46]

Originally Posted by Jbone453

This was my experience as well and I'm in FL, but I ended up going the broker route. I was using data from LH and dealers were laughing at the numbers and it just ultimately wasn't worth the time going back and forth when their quotes to my initial offers I'd email in were so far off. For example had one dealer quote me about $900+ for a ~$63k MSRP M340i and the one I ordered from the broker was $64k and it's $611+tax.

Haha, when the G20 debuted in 2019, SFL dealers wanted 600 plus with high DAS for the 330I M Sport. I ended up dealing with a dealer all the way in Philly who was offering me 10% off and base MF at the time. In the end I ended up using a broker for a better deal since Philly dealer was taking too long in finding me a RWD car.

Leasehackr is a good site to gauge prices, find a broker or and how to approach dealers etc. This website is equally as good since I discovered the Philly dealer through a member's post here. The broker I ended up using was also a member here and without this site I wouldn't have encountered him since he wasn't a registered broker on lease hackr at the time yet either.

[Gdiddy23]

Originally Posted by EXE46

Haha, when the G20 debuted in 2019, SFL dealers wanted 600 plus with high DAS for the 330I M Sport. I ended up dealing with a dealer all the way in Philly who was offering me 10% off and base MF at the time. In the end I ended up using a broker for a better deal since Philly dealer was taking too long in finding me a RWD car.

Leasehackr is a good site to gauge prices, find a broker or and how to approach dealers etc. This website is equally as good since I discovered the Philly dealer through a member's post here. The broker I ended up using was also a member here and without this site I wouldn't have encountered him since he wasn't a registered broker on lease hackr at the time yet either.

Bacons car concierge???

[EXE46]

Originally Posted by Gdiddy23

Bacons car concierge???

Bingo!!

[F80_M3llow]

Hello everyone looking into getting into a M340I pretty soon. Been shopping around some CT dealers but giving me some crazy numbers at 789 a month. Anyone from CT have any leads of some good dealers in the area or in the TRi state. Any help will be appreciated thank you.

[TruthOne]

Originally Posted by F80_M3llow

Hello everyone looking into getting into a M340I pretty soon. Been shopping around some CT dealers but giving me some crazy numbers at 789 a month. Anyone from CT have any leads of some good dealers in the area or in the TRi state. Any help will be appreciated thank you.

Is that with or before tax?

[Gdiddy23]

Originally Posted by EXE46

Bingo!!

Nice! I remember liking his SO M340 w the black rims. Seems to be a well known broker on leasehackr too

[F80_M3llow]

Originally Posted by TruthOne

Is that with or before tax?

That is before tax

[TruthOne]

Originally Posted by F80_M3llow

That is before tax

Good grief lol

[Rossodio]

I am taking a lease on a 2021 M340i (to be delivered in the next month or two, factory order), with one catch - I drive it 21,000 miles a year and got the lease for 21k miles. My quote, of course, blows yours out of the water pricewise posted here, especially considering the $68,670 MSRP and that mileage allowance. Not going for a purchase - which would be similar monthly payment - for reasons that I think are beyond the scope of the discussion here.

Something popped into my mind here... I live about 10 miles from the BMW Performance Center in South Carolina and am taking Performance Center delivery because frankly it is the closest place for me to get the car anyway. I will likely do Performance Center delivery in the future as well. While I used the same dealer I used in 2018 and 2014 for my prior leases, I actually have the flexibility since doing Performance Center deliver to have my cars actually leased/purchased from ANY center in the country.

Is there a specific state or dealership that is well known for having better incentives or more flexibility or some other reason to purchase from there generally?

[KAltshuler]

Hi All,

New to the forum. I'm looking into leasing a 2021 BMW M340i in the South Florida area and would really appreciate advice on negotiating the lease quote down further. Ideally, I'd like to be right at or under $600 monthly with $0 down -- is that possible at this MSRP?

Here are the details of their current offer (my wife and I will be co-applicants -- with 785 and 771 credit ratings):

36 month / 10,000 miles annually
MSRP: $60,645
Discount: -$6,065 (10% discount)
Rebate: -$2,000 (loyalty- stepdad and mom leased thru this dealership)
Sale price: $52,580.00
Money factor: .00126
Residual value: $35,174.10 (58%)
Fees:
- Document Prep Fee: $989
- License/Title: $450
- Tag and Title: $314
- Tire/Battery: $6
- Sales/Use Tax (FL): $3,403.34
Total: $59,742.34

Payment Due at Signing
$746.43 $0

$700.27 $1,500.00

$655.62 $3,000.00

$596.09 $5,000.00


Thanks!

[TurtleBoy]

Originally Posted by KAltshuler

Hi All,

New to the forum. I'm looking into leasing a 2021 BMW M340i in the South Florida area and would really appreciate advice on negotiating the lease quote down further. Ideally, I'd like to be right at or under $600 monthly with $0 down -- is that possible at this MSRP?

Here are the details of their current offer (my wife and I will be co-applicants -- with 785 and 771 credit ratings):

36 month / 10,000 miles annually
MSRP: $60,645
Discount: -$6,065 (10% discount)
Rebate: -$2,000 (loyalty- stepdad and mom leased thru this dealership)
Sale price: $52,580.00
Money factor: .00126
Residual value: $35,174.10 (58%)
Fees:
- Document Prep Fee: $989
- License/Title: $450
- Tag and Title: $314
- Tire/Battery: $6
- Sales/Use Tax (FL): $3,403.34
Total: $59,742.34

Payment Due at Signing
$746.43 $0

$700.27 $1,500.00

$655.62 $3,000.00

$596.09 $5,000.00


Thanks!

You are getting a good, actually probably very good given the times, discount but they are marking up the money factor. Ask them to give you the base rate of .00086. While the doc fees are unlikely to change, you may be able to get them to come down on the others. I thought that Florida taxes the lease payments each month and they aren't paid upfront. Perhaps they just listed them and are not really charging for them, I didn't run the numbers.

[TheBingoBalls]

Originally Posted by wtwo3

The other thing to keep in mind is that discounts, money factor, and residual values can and sometimes do fluctuate month to month. So just because someone got a great deal in say, December 2019, doesn't mean that you're entitled to an equally good deal in December 2020.

No one doubts that these discounts can be had or deals can be made, but it is false to assume that anyone can walk into a dealership during one of the 365 days of the year and get the same deal. What you said above is that other variable people are forgetting.

Is the program the same? What's the interest? How is regional inventory? What is the overall automotive segment like? Is it a demo/loaner that's not being disclosed? Is the dealership having their own sale, fronting their own credits/incentives? How old is the unit? Did the dealership get BMW regional support to apply to specific models/VIN's?

While we all like to assume that every 3er or X7 is the same, each vehicle could be treated differently so when someone comes on here and says they got 15% off, anyone can do it, you just have to keep trying, it's a half-lie or half-truth. Not saying it's impossible, but when you get those large discounts, there is something unique about that car to get that discount and that person isn't disclosing the full deal to perhaps flex on here that they got a killer deal.