Hey guys.... I have been anxiously waiting and planning on getting a new bmw after paying off student loans for the last 2.5 years. Now completely out of debt, I went to see what kind of deal I could get and here is what we settled on. I'm hoping you can tell me if I got a good deal or not.... Keep in mind I know the base MF is .00129, but I also know my credit score falls somewhere between 670-690, so I wasn't sure if I could get that. I think a .00149 MF represents a difference of $10-15 per month from the .00129.
Mineral White w/ saddle brown leather
Selling Price: 44,251
-$2000 for trade in
Texas sales tax of 6.25%
36 mo/12k miles
Will write check for $1507 out the door with first months payment included, 35 more payments of $485 even (tax is included on that number)
After I had left the dealership, leaving with an offer of $2000 out the door and a payment around $530 (which I knew was significantly higher than it should've been) I called back and offered a check for $1500 and 475 a month. Within 5 minutes they called me back and offered the $1507 and $485 and I took it. The discount from MSRP was over 9%, which seems to be a pretty steep discount (isn't 5-7% good to shoot for?). Just wanted to see what those of you with more experience think.
It's my first ever lease, and I have spent so many hours on these (and other forums) trying to make sure I got a decent deal. They are detailing it for me in the morning and I will pick it up tomorrow afternoon, so let me know of anything else I should be wary of or ask about. Thanks!