[Gfit]

Originally Posted by mthreesixty3

when do you think we'll be able to get a 5-10% discount again?!

If those sort of discounts happen again, the MSRP will be at least 5-10% or more higher than it is now so no point in waiting. For many, it all evens out. Cars are going for full retail but trade in prices are a lot higher. I just got $8,000 out of a lease so net that against the purchase price and it's a darn good deal.

[gohawks23]

Originally Posted by mthreesixty3

when do you think we'll be able to get a 5-10% discount again?!

Semiconductor market is softening so supply is getting better daily and with rates continuing to rise and some sort of recession on horizon I think by late winter...

[vj123]

Originally Posted by mthreesixty3

when do you think we'll be able to get a 5-10% discount again?!

Even though the rates have been increasing, dealer inventory is not back to what we had in 2019. There might be slight discounts in the near future but it might take a while to get those good old 10% discounts. With significant MSRP hikes every year, things might even out.

[DocWeatherington]

Originally Posted by mthreesixty3

when do you think we'll be able to get a 5-10% discount again?!

Probably never.... If inventory starts to creep up in this era they will just reduce production vs. Building cars and selling with heavy discounts.


If anything expect 2-5 % off with increased interest rates.

Alot of manufacturer are going to stick eith build on demand and keeping low inventory.

[kumbaya]

Originally Posted by Mp3Supply

Reached out to a local dealer and he told me it'd be a 1 year wait and I'd be behind 47 people in their bank, but the kicker was..

He told me the deposit was non-refundable?!

Is that norm, I've not heard anyone really mentioning that here. Just curious.

i get they want a commitment, and if they told me they could secure an allocation in a timely manner I'd maybe do it.. but I don't plan to move forward simply based on that. I'll put in the work and call other dealers and use other lists here.

seeing your location as dc. did you order in dc or md. i dont think the laws in md allow for non-refundable deposits for items that havent been actually purchased/possessed. i think DC may be similar. a +year wait is atrocious and unfair to consumers if you wanna change your mind.

also if you are worried, make the deposit via CC and then charge back and say you never got the item if you get concerned or find another dealer within time at better price?

but overall view the laws concerning deposits in whichever state you are purchasing

---------
ordered about 2 weeks ago with bmw of beverly hills. will be waiting until around dec/jan/feb not sure. not in a rush so dont mind the wait. super excited tho. my first bmw. dealer said i am looking at about 1100 to lease, 36 @ 12k/year? numbers seem good to me. 1.5k deposit put down

build sheet:

[Delmoney335]

Originally Posted by kumbaya

seeing your location as dc. did you order in dc or md. i dont think the laws in md allow for non-refundable deposits for items that havent been actually purchased/possessed. i think DC may be similar. a +year wait is atrocious and unfair to consumers if you wanna change your mind.

also if you are worried, make the deposit via CC and then charge back and say you never got the item if you get concerned or find another dealer within time at better price?

but overall view the laws concerning deposits in whichever state you are purchasing

---------
ordered about 2 weeks ago with bmw of beverly hills. will be waiting until around dec/jan/feb not sure. not in a rush so dont mind the wait. super excited tho. my first bmw. dealer said i am looking at about 1100 to lease, 36 @ 12k/year? numbers seem good to me. 1.5k deposit put down

build sheet:

I think 1100 is not realistic unless you are getting discount on MSRP, putting more down payment and/or max MSDs. If you calculate on leasehackr or other calcs, with no discount you are probably looking at closer to 1300/mo

[kumbaya]

Originally Posted by Delmoney335

I think 1100 is not realistic unless you are getting discount on MSRP, putting some down payment or max MSDs. If you calculate on leasehackr or others, with no discount you are probably looking at closer to 1300/mo

yeah after all the taxes, fees and everything around a little over 1.2k/month. at msrp, no less, no more. no MSD. i have damn near perfect credit and great income although i dont think that has nything to do with it.

ngl, its only my 2nd time "buying" a car so im not so familiar with the numbers but compared to another dealer in my area who wanted 20% markup to place an order, i figured i wouldnt complain too much

['Cane]

Originally Posted by Delmoney335

I think 1100 is not realistic unless you are getting discount on MSRP, putting more down payment and/or max MSDs. If you calculate on leasehackr or other calcs, with no discount you are probably looking at closer to 1300/mo

More like $1500+ with nothing down. It would take (depending on MSRP, of course) thousands to get to $1100/month for 36/12

[Delmoney335]

Originally Posted by kumbaya

yeah after all the taxes, fees and everything around a little over 1.2k/month. at msrp, no less, no more. no MSD. i have damn near perfect credit and great income although i dont think that has nything to do with it.

ngl, its only my 2nd time "buying" a car so im not so familiar with the numbers but compared to another dealer in my area who wanted 20% markup to place an order, i figured i wouldnt complain too much

It will depend a lot on the MF , if they mark it up, most likely yes. The way it is going currently, it could continue to go up until you take delivery.

It is painful to see the rates right now, compared to last year. I got lucky early 2021 the MF was .00086. I think right now its .00200 and that can be marked up by dealer.

[kumbaya]

Originally Posted by 'Cane

More like $1500+ with nothing down. It would take (depending on MSRP, of course) thousands to get to $1100/month for 36/12

wow really 1.5k/month?

so the people who are talking about leasing cars that cost 96000 at around 1.5k/month are looking at more like 1.7k/1.8k?

haha kinda confused. how do a 86k and 96k car both cost 1.5k/month. lemme go upgrade my order one more time and get some more bang for my buck lol

Originally Posted by Delmoney335

It will depend a lot on the MF , if they mark it up, most likely yes. The way it is going currently, it could continue to go up until you take delivery.

It is painful to see the rates right now, compared to last year. I got lucky early 2021 the MF was .00086. I think right now its .00200 and that can be marked up by dealer.

ahhhh got cha. hopefully they wont mark it up. we went through all the fees and things together. i think the only other thing not included in the 1.2k number i got was the maintenance packages. but i will just buy one of those upfront

[Delmoney335]

Take a look here, a good place to play with the #'s and get an idea.

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

[Gfit]

Originally Posted by kumbaya

seeing your location as dc. did you order in dc or md. i dont think the laws in md allow for non-refundable deposits for items that havent been actually purchased/possessed. i think DC may be similar. a +year wait is atrocious and unfair to consumers if you wanna change your mind.

also if you are worried, make the deposit via CC and then charge back and say you never got the item if you get concerned or find another dealer within time at better price?

but overall view the laws concerning deposits in whichever state you are purchasing

---------
ordered about 2 weeks ago with bmw of beverly hills. will be waiting until around dec/jan/feb not sure. not in a rush so dont mind the wait. super excited tho. my first bmw. dealer said i am looking at about 1100 to lease, 36 @ 12k/year? numbers seem good to me. 1.5k deposit put down

build sheet:

Careful on relying on the chargeback for protection. By law the minimum allowed time that banks are allowed to give customers is 60 days. Many give 120 days so anything over 4 months and you can't dispute it.

['Cane]

Originally Posted by kumbaya

wow really 1.5k/month?

so the people who are talking about leasing cars that cost 96000 at around 1.5k/month are looking at more like 1.7k/1.8k?

haha kinda confused. how do a 86k and 96k car both cost 1.5k/month. lemme go upgrade my order one more time and get some more bang for my buck lol

ahhhh got cha. hopefully they wont mark it up. we went through all the fees and things together. i think the only other thing not included in the 1.2k number i got was the maintenance packages. but i will just buy one of those upfront

My car was $92k, when I thought about leasing, no money down, 7500 miles/month was going to be over $1400/month including tax, and the residual/MF was a little better when I ordered my car (last year).

[kumbaya]

Originally Posted by Gfit

Careful on relying on the chargeback for protection. By law the minimum allowed time that banks are allowed to give customers is 60 days. Many give 120 days so anything over 4 months and you can't dispute it.

yeah. thats true. hopefully in 60 days one could either find another dealer or settle for what fate has dealt lol

Originally Posted by 'Cane

My car was $92k, when I thought about leasing, no money down, 7500 miles/month was going to be over $1400/month including tax, and the residual/MF was a little better when I ordered my car (last year).

ahhh got cha.

do you think for a first time bmw owner buying or leasing or better ( i guess in terms of repair/value)? you ended up purchasing im guessing?

sorry for all the questions, others can feel free to chime in as well. lol

[amrh]

Originally Posted by kumbaya

wow really 1.5k/month?

so the people who are talking about leasing cars that cost 96000 at around 1.5k/month are looking at more like 1.7k/1.8k?

haha kinda confused. how do a 86k and 96k car both cost 1.5k/month. lemme go upgrade my order one more time and get some more bang for my buck lol



ahhhh got cha. hopefully they wont mark it up. we went through all the fees and things together. i think the only other thing not included in the 1.2k number i got was the maintenance packages. but i will just buy one of those upfront

I'm getting quotes of around $1,600/month with $2,500 down. Granted, my build is about $3,000 more than yours, taxes are 6% on the sales price (not lease payment). Even with the additional cost of mine, there's no way you'll get to $1,200 unless you put down thousands more.
I have started negotiating MF - they're marking it up to .00240. Even if I negotiated it down to .00200, I feel it's better to buy it. I prefer to lease, but don't want to put much down on a lease.

['Cane]

Originally Posted by kumbaya

yeah. thats true. hopefully in 60 days one could either find another dealer or settle for what fate has dealt lol

ahhh got cha.

do you think for a first time bmw owner buying or leasing or better ( i guess in terms of repair/value)? you ended up purchasing im guessing?

sorry for all the questions, others can feel free to chime in as well. lol

It doesn't matter too much if you're a first time buyer if you have good credit, it'll matter what your credit history says though. If you've never made any really larger purchases, BMWFS may set different terms, but if your debt to income ratio is good, that'll play into it. What matters more is what makes better financial sense to you.

[kumbaya]

Originally Posted by amrh

I'm getting quotes of around $1,600/month with $2,500 down. Granted, my build is about $3,000 more than yours, taxes are 6% on the sales price (not lease payment). Even with the additional cost of mine, there's no way you'll get to $1,200 unless you put down thousands more.
I have started negotiating MF - they're marking it up to .00240. Even if I negotiated it down to .00200, I feel it's better to buy it. I prefer to lease, but don't want to put much down on a lease.

hmmm yeah. maybe it was some money down then. we went through a chart together of tiers of down payments so maybe im mixing my numbers up.

i think i wanna buy too, esp if i put money down like you said haha, cause i wanna keep the car long term anyway. also considering the tax benefits of either method since im kinda self employed atm and actually need this to get to work lol.

['Cane]

FWIW, you do NOT want to put a lot of money down on a lease, all it does is go to your payment and if something happens, that money is gone. At least with MSDs, you'll get it back at the end of the lease.

[amrh]

Originally Posted by 'Cane

FWIW, you do NOT want to put a lot of money down on a lease, all it does is go to your payment and if something happens, that money is gone. At least with MSDs, you'll get it back at the end of the lease.

Right. With the way lease rates are now, it seems that buying makes more sense, especially if you want to lower your payment.

I thought I read on the forum somewhere that they changed the MSD schema.

[Gfit]

Originally Posted by amrh

Right. With the way lease rates are now, it seems that buying makes more sense, especially if you want to lower your payment.

I thought I read on the forum somewhere that they changed the MSD schema.

You have to do what works for you but leasing works for me big time. In normal times and if my car gets hit, I give it back and the bank takes the hit. Years ago, X5s were auctioning for 10 under residual. These days I have them buy out my lease early. Grabbed $6,000 or so last year and $8,000 Monday on a trade. But again, I wouldn't tell someone how to spend their money.

[amrh]

Originally Posted by kumbaya

hmmm yeah. maybe it was some money down then. we went through a chart together of tiers of down payments so maybe im mixing my numbers up.

i think i wanna buy too, esp if i put money down like you said haha, cause i wanna keep the car long term anyway. also considering the tax benefits of either method since im kinda self employed atm and actually need this to get to work lol.

Here's a great lease calculator - I think I found it on the forum posted by another member:

https://calculator.autocompanion.com/

[amrh]

Originally Posted by Gfit

You have to do what works for you but leasing works for me big time. In normal times and if my car gets hit, I give it back and the bank takes the hit. Years ago, X5s were auctioning for 10 under residual. These days I have them buy out my lease early. Grabbed $6,000 or so last year and $8,000 Monday on a trade. But again, I wouldn't tell someone how to spend their money.

Yes, I completely agree with you. I prefer to lease, specifically for the reason of the car getting hit and not taking a diminished value hit on the car. Plus, I get bored with cars after about 18-24 months. I simply transfer the lease with cash upfront. BMW makes it so easy to transfer a lease.

However, I don't want a $1,500 monthly payment. Unfortunately, with a lease, that's where it would be at with little money down. As well, I don't want to put thousands down on a lease - as we all know why that isn't ideal. If I'm putting thousands down to get my payment to where I want it to be, it makes sense to buy it - I think.