09-10-2020, 10:34 AM | #23 |
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That's a good rule of thumb! My build was roughly $62k...got the dealer down to $53,300. So I'm at roughly $583/mo with $2262 total due at signing (taxes/fees). I think I got myself a pretty good deal. This was after getting 3 dealerships involved and basically getting each one to beat each other's lowest price.
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09-10-2020, 10:34 AM | #24 | |
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I couldn't agree more with wtwo3, in the preceding post. The 1% myth is not constructive in assessing a deal. And, frankly, if you stick to the 1% rule nowadays, with inventory tight and '21 incentives almost non-existent this month, many wouldn't be leasing a car anytime soon...
If anything, I think the COVID market constraints I mentioned demonstrate why a 1% rule isn't a good method. Edit: I will add that, in my opinion, the best indicator of deal quality is the pre-incentive discount. This controls for incentives, which can vary be region, loyalty/no loyalty, etc, as well as the other factors outside the purchaser's control (MF, assuming base MF, residual,etc). Quote:
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09-11-2020, 06:25 AM | #25 | |
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Atlanta is a notoriously bad market and you can still go pick up an M340i lease in the low 600s all day. |
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09-11-2020, 06:59 AM | #26 | |
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I found leasehackr to be a great resource as I was shopping around for my car. Lots of good information there, if you're willing to spend the time to educate yourself!
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09-11-2020, 01:24 PM | #27 | |
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