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2019+ BMW 3 AND 4-SERIES FORUMS (G2x Generation) Ordering / Pricing / Order Tracking Forum Official G20 3 Series Quotes, Pricing and Lease Rates Thread

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      Yesterday, 12:29 PM   #397
MUFCbmwbear
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Originally Posted by gg_monogram View Post
hi everyone, newly joined that i couldn't open a new thread yet.

currently i am driving Lexus IS250 and still making payment with $14500 left on my finance with Statefarm. And I want to switch to M340i already.

Im located in NYC, anybody knows can I trade in the car with BMW Dealer and take a new lease? I know my Lexus is worth $19000 still.
So you have nearly 5k in equity on the Lexus.
Sell it.
Pocket the profit from the lexus sale.
Do a zero down lease on M340 and use that lexus income for MSDs or a vacation.
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      Yesterday, 01:40 PM   #398
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Quote:
Originally Posted by MUFCbmwbear View Post
So you have nearly 5k in equity on the Lexus.
Sell it.
Pocket the profit from the lexus sale.
Do a zero down lease on M340 and use that lexus income for MSDs or a vacation.
thats what I'm thinking, but I wonder if I can sell it to BMW dealer since I am not familiar with selling a vehicle with a loan lien on it.
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      Yesterday, 02:19 PM   #399
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Originally Posted by gg_monogram View Post
thats what I'm thinking, but I wonder if I can sell it to BMW dealer since I am not familiar with selling a vehicle with a loan lien on it.
Then how do you know your car is worth 19k? Did some other dealer value it for you?
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      Yesterday, 03:26 PM   #400
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Originally Posted by VipinLJ View Post
Then how do you know your car is worth 19k? Did some other dealer value it for you?
it is actually the private dealer i got the car from, they said they will buy the car for this price.
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      Yesterday, 03:33 PM   #401
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Quote:
Originally Posted by gg_monogram View Post
it is actually the private dealer i got the car from, they said they will buy the car for this price.
Ah ok. You can take the car to BMW and ask them to value it. If they give you the price you want, they’ll pay off the loan on that car and then either give you the rest of the cash or you have the option to put it down to finance a new car or use as MSD on a new lease. At least, that’s what the dealer here told me when I was in a similar situation.
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      Today, 06:05 PM   #402
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Can I get a lease deal check? Not able to get my head around it after negotiation...

New 2020 M340i - $65425 MSRP

Trade-in vehicle equity of $4,250

Maxed MSD ($4200)

Total due at signing (INC MSD) $4750

36 month / 12k year $553/month with tax

Last edited by De1ta; Today at 06:18 PM..
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      Today, 06:25 PM   #403
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Originally Posted by De1ta View Post
Can I get a lease deal check? Not able to get my head around it after negotiation...

New 2020 M340i - $65425 MSRP

Trade-in vehicle equity of $4,250

Maxed MSD ($4200)

Total due at signing (INC MSD) $4750

36 month / 12k year $553/month with tax
What discount are they giving you? Are you using the trade in equity towards MSD?
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      Today, 06:32 PM   #404
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Quote:
Originally Posted by VipinLJ View Post
What discount are they giving you? Are you using the trade in equity towards MSD?
I am not sure. I have not seen the sheet. My salesperson said it's between 10.5-11% before incentives but I can't get a handle on it with the trade in equity, which I believe is going towards capital. I have to produce the $4,200 at drive-off. Which I don't mind since I'm getting it back...
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      Today, 06:49 PM   #405
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Quote:
Originally Posted by De1ta View Post
Can I get a lease deal check? Not able to get my head around it after negotiation...

New 2020 M340i - $65425 MSRP

Trade-in vehicle equity of $4,250

Maxed MSD ($4200)

Total due at signing (INC MSD) $4750

36 month / 12k year $553/month with tax
It's hard to judge if this is a good deal or not without the full details.

What we'll need to know is:

What discount are you getting before incentives?
What incentives do you qualify for?
What money factor are they quoting you?
Are you putting any money down towards cap cost reduction?

I have a hunch the dealer is using your trade-in as cap cost reduction, because the monthly payment is quite low. I would suggest instead using that trade-in towards the MSD's.
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      Today, 06:55 PM   #406
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Quote:
Originally Posted by wtwo3 View Post
It's hard to judge if this is a good deal or not without the full details.

What we'll need to know is:

What discount are you getting before incentives?
What incentives do you qualify for?
What money factor are they quoting you?
Are you putting any money down towards cap cost reduction?

I have a hunch the dealer is using your trade-in as cap cost reduction, because the monthly payment is quite low. I would suggest instead using that trade-in towards the MSD's.
Thanks, sent you a PM
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