bimmerpost/
BMW M2 and 2-Series Coupe
BMW Garage BMW Meets Register Today's Posts
home
BMW 2 Series Forums (G42) G42 2-Series General Topics

Post Reply
 
Thread Tools Search this Thread
      04-21-2022, 02:57 PM   #67
Mugen
New Member
47
Rep
17
Posts

Drives: M240i
Join Date: Feb 2022
Location: New Jersey

iTrader: (0)

Looks like lease deals in New Jersey are going back to a more reasonable rate. $649 a month with 5200 down.
Appreciate 1
EXE462113.50
      04-22-2022, 07:24 PM   #68
F12M6MD
Lieutenant
329
Rep
498
Posts

Drives: Rivian R1T
Join Date: Dec 2012
Location: TX

iTrader: (0)

Selling my M240ix in members classifieds here if any of you want a loaded white on tacora and a no nonsense transaction from a no nonsense seller.
__________________
Rivian R1T
Appreciate 0
      04-24-2022, 05:31 PM   #69
Evilmoretea
Lieutenant
275
Rep
542
Posts

Drives: BMW 2 Series (G42)
Join Date: Feb 2022
Location: United Kingdom

iTrader: (0)

Just realised my spec is a hair over £40k on my 230i and means I pay the premium tax band for road tax in the UK. £550 a year fml!

Edit: despite dealer discount making it possible to go under the 40k because the list price is over I'm screwed.
Appreciate 0
      07-18-2022, 01:46 AM   #70
azuki
First Lieutenant
433
Rep
338
Posts

Drives: 2024 i5 M60
Join Date: Jul 2022
Location: Texas, USA

iTrader: (0)

is anyone considering leasing over finance for MY23?
Appreciate 0
      08-04-2022, 09:36 AM   #71
Jason
Administrator
Jason's Avatar
United_States
43503
Rep
21,323
Posts

Drives: F80 M3
Join Date: Mar 2005
Location: USA

iTrader: (0)

Updated with August program for 2023MY

https://g42.bimmerpost.com/forums/sh....php?t=1891134
__________________
Check on the Latest BMW News
Become a fan of Bimmerpost Facebook
Follow us on Bimmerpost Twitter
Subscribe to Bimmerpost Youtube Channel
Appreciate 0
      09-18-2022, 02:31 PM   #72
Hap
Second Lieutenant
Hap's Avatar
155
Rep
230
Posts

Drives: 2018 240i
Join Date: Jun 2019
Location: Palms and Pines

iTrader: (0)

Garage List
2018 M240i  [0.00]
Anyone lease

Anyone lease recently? What is the deal you got.?
Hap
Appreciate 0
      10-11-2022, 09:29 PM   #73
F12M6MD
Lieutenant
329
Rep
498
Posts

Drives: Rivian R1T
Join Date: Dec 2012
Location: TX

iTrader: (0)

Wow decent lease rate considering current finance rates.
__________________
Rivian R1T
Appreciate 0
      10-12-2022, 11:11 AM   #74
OriginalFake
Captain
577
Rep
613
Posts

Drives: 2023 M240i
Join Date: Jul 2010
Location: NC

iTrader: (0)

Does anyone know if there's currently any loyalty credit for buying an M240i?
Appreciate 0
      10-12-2022, 11:17 AM   #75
LivingInSalt
Major
1997
Rep
1,207
Posts

Drives: 2023 BMW M240i
Join Date: Jun 2022
Location: USA

iTrader: (0)

Quote:
Originally Posted by OriginalFake View Post
Does anyone know if there's currently any loyalty credit for buying an M240i?
I got $500 at my dealership. Also getting a separate $500 rebate as a BMWCCA member
Appreciate 1
      10-12-2022, 11:19 AM   #76
OriginalFake
Captain
577
Rep
613
Posts

Drives: 2023 M240i
Join Date: Jul 2010
Location: NC

iTrader: (0)

Quote:
Originally Posted by LivingInSalt View Post
I got $500 at my dealership. Also getting a separate $500 rebate as a BMWCCA member
Cool. I should get any loyalty credits that are available since my last payment was in February or March and I also will be getting the BMWCCA rebate.
Appreciate 1
      10-30-2022, 12:55 AM   #77
robjay0211
New Member
5
Rep
9
Posts

Drives: M240i
Join Date: Oct 2022
Location: Los Angeles

iTrader: (0)

Will lease rates be better for the M240i once the new M2 comes out??
Appreciate 0
      10-30-2022, 10:25 AM   #78
OriginalFake
Captain
577
Rep
613
Posts

Drives: 2023 M240i
Join Date: Jul 2010
Location: NC

iTrader: (0)

Quote:
Originally Posted by robjay0211 View Post
Will lease rates be better for the M240i once the new M2 comes out??
Probably not.
Appreciate 0
      10-30-2022, 01:00 PM   #79
robjay0211
New Member
5
Rep
9
Posts

Drives: M240i
Join Date: Oct 2022
Location: Los Angeles

iTrader: (0)

Quote:
Originally Posted by OriginalFake View Post
Probably not.
Do the 40i’s just not lease well?
Appreciate 0
      10-30-2022, 01:57 PM   #80
OriginalFake
Captain
577
Rep
613
Posts

Drives: 2023 M240i
Join Date: Jul 2010
Location: NC

iTrader: (0)

Quote:
Originally Posted by robjay0211 View Post
Do the 40i’s just not lease well?
Nothing is leasing well right now from BMW. Or at least not as well as it used to.

But in the past, the 2 series never leased as well as 3 series and above.
Appreciate 0
      11-30-2022, 05:19 AM   #81
Hap
Second Lieutenant
Hap's Avatar
155
Rep
230
Posts

Drives: 2018 240i
Join Date: Jun 2019
Location: Palms and Pines

iTrader: (0)

Garage List
2018 M240i  [0.00]
What is am missing

Looking at lease offers on 2 series on BMW page I see.

36 months $700 + 5000 down = 30K and residual of 29K.

Pay cash 59K and its worth 29K in 3 years.

I see no difference between leasing and paying cash.

Educate me please I am trying to decide what to do.

Hap
Appreciate 0
      11-30-2022, 09:15 AM   #82
KJ10
Lieutenant
500
Rep
408
Posts

Drives: 2023 M240i
Join Date: Apr 2022
Location: Michigan

iTrader: (0)

Garage List
Quote:
Originally Posted by Hap View Post
Looking at lease offers on 2 series on BMW page I see.

36 months $700 + 5000 down = 30K and residual of 29K.

Pay cash 59K and its worth 29K in 3 years.

I see no difference between leasing and paying cash.

Educate me please I am trying to decide what to do.

Hap
First thing is you will not be leasing a car with a 59k MSRP for $700/month. It says on BMWs leasing section for these cars that the MSRP that deal is based on is $53495 which includes the destination/handling fee. You also need to remember at lease end the 29k residual does not include tax's or fees for the buyout so it will be more than 29K for buyout. Leasing a car and then purchasing at the end is almost always the worst way to purchase a car if you plan on buying it in the beginning.
Appreciate 0
      11-30-2022, 09:55 AM   #83
tatarwj
Second Lieutenant
tatarwj's Avatar
No_Country
415
Rep
216
Posts

Drives: 2022 BMW X3 2023 BMW M3CX
Join Date: Jul 2022
Location: Pittsburgh

iTrader: (0)

Garage List
2023 M3CX  [5.00]
BMW X3  [0.00]
I bought my M240, but lease my wife's X3.

There are a couple tricks regarding leases.

We are on our 5th lease for the X3. We go with 3yr/30k miles. She only has 10 mile round trip commute to work and we take 2 beach trips a year in it (Pgh to HH and Pgh to TSI).

After 24-30 months into her lease, we start to get the itch for a new one. At that time, you can get any BMW dealership to buy out your lease (pretty sure any dealer or you can sell private but won't make it a smooth transition). We do this every time. The dealer bought back her 2020 X3 with 15k miles on it, and by doing that, we received 8k (trade in value way higher that payoff). Now that was due to the high value for used at that time, but going back to our other leases, we got anywhere from $2500-$4000 from selling our lease back. Add that $ to incentives and it's kept our lease payment right at $500/mo each time we trade it in. This time we got a couple extra upgrades since we got so much for the 2020. She has never paid for an oil change since her first lease in 2014, and hers car have always been under warranty. It's a seamless process, they appraise your lease, you build your new one, you track it to the dealer, they call you that it's ready, you sign a couple times and hand them the keys.

Another lease trick is for those that buy out after the lease is up, you negotiate what you are going to pay for the car. My friend did this 2-3 years ago with his truck and got another $2500 off of it. That isn't something I would do, but he loved the truck and didn't want to have to go through the process of getting another one, at that time.

I hope this information helps and feel free to ask for clarification if I was not able to provide that.
Appreciate 1
PP3121373.00
      11-30-2022, 09:58 AM   #84
tatarwj
Second Lieutenant
tatarwj's Avatar
No_Country
415
Rep
216
Posts

Drives: 2022 BMW X3 2023 BMW M3CX
Join Date: Jul 2022
Location: Pittsburgh

iTrader: (0)

Garage List
2023 M3CX  [5.00]
BMW X3  [0.00]
Sorry, forgot to mention, when you sell your lease back, you negotiate that too just like you are trading in a car you own. You should be able to squeeze another 1k-3k, depending on your negotiation ability and those that you are dealing with.
Appreciate 0
      11-30-2022, 11:21 AM   #85
Hap
Second Lieutenant
Hap's Avatar
155
Rep
230
Posts

Drives: 2018 240i
Join Date: Jun 2019
Location: Palms and Pines

iTrader: (0)

Garage List
2018 M240i  [0.00]
I like it

Quote:
Originally Posted by tatarwj View Post
I bought my M240, but lease my wife's X3.

There are a couple tricks regarding leases.

We are on our 5th lease for the X3. We go with 3yr/30k miles. She only has 10 mile round trip commute to work and we take 2 beach trips a year in it (Pgh to HH and Pgh to TSI).

After 24-30 months into her lease, we start to get the itch for a new one. At that time, you can get any BMW dealership to buy out your lease (pretty sure any dealer or you can sell private but won't make it a smooth transition). We do this every time. The dealer bought back her 2020 X3 with 15k miles on it, and by doing that, we received 8k (trade in value way higher that payoff). Now that was due to the high value for used at that time, but going back to our other leases, we got anywhere from $2500-$4000 from selling our lease back. Add that $ to incentives and it's kept our lease payment right at $500/mo each time we trade it in. This time we got a couple extra upgrades since we got so much for the 2020. She has never paid for an oil change since her first lease in 2014, and hers car have always been under warranty. It's a seamless process, they appraise your lease, you build your new one, you track it to the dealer, they call you that it's ready, you sign a couple times and hand them the keys.

Another lease trick is for those that buy out after the lease is up, you negotiate what you are going to pay for the car. My friend did this 2-3 years ago with his truck and got another $2500 off of it. That isn't something I would do, but he loved the truck and didn't want to have to go through the process of getting another one, at that time.

I hope this information helps and feel free to ask for clarification if I was not able to provide that.
I like this option. I don't keep cars for that long 1-2 years these are my toys/hobbies. So Your process is interesting to me. I am more interested in the flexibility you have vs saving a few $. Again hobbies cost money is how I look at it.

Hap
Appreciate 0
      11-30-2022, 12:39 PM   #86
KJ10
Lieutenant
500
Rep
408
Posts

Drives: 2023 M240i
Join Date: Apr 2022
Location: Michigan

iTrader: (0)

Garage List
Quote:
Originally Posted by tatarwj View Post
Sorry, forgot to mention, when you sell your lease back, you negotiate that too just like you are trading in a car you own. You should be able to squeeze another 1k-3k, depending on your negotiation ability and those that you are dealing with.
This definitely applies more if you are releasing through the same dealership you are turning in. This was true during the past few years but I would caution anyone that when used car prices come down more do not be surprised when your lease turn in is not getting you anything extra. COVID made thins crazy the past few years though. A friend of mine had 24 month Q8 lease and when it was time to turn in this past January he did some shopping around and got a dealership to write him a check for 12k to bring his car to them because the used price on Q8s had went to the moon. Wild times.
Appreciate 0
      11-30-2022, 05:27 PM   #87
tatarwj
Second Lieutenant
tatarwj's Avatar
No_Country
415
Rep
216
Posts

Drives: 2022 BMW X3 2023 BMW M3CX
Join Date: Jul 2022
Location: Pittsburgh

iTrader: (0)

Garage List
2023 M3CX  [5.00]
BMW X3  [0.00]
Quote:
Originally Posted by KJ10 View Post
Quote:
Originally Posted by tatarwj View Post
Sorry, forgot to mention, when you sell your lease back, you negotiate that too just like you are trading in a car you own. You should be able to squeeze another 1k-3k, depending on your negotiation ability and those that you are dealing with.
This definitely applies more if you are releasing through the same dealership you are turning in. This was true during the past few years but I would caution anyone that when used car prices come down more do not be surprised when your lease turn in is not getting you anything extra. COVID made thins crazy the past few years though. A friend of mine had 24 month Q8 lease and when it was time to turn in this past January he did some shopping around and got a dealership to write him a check for 12k to bring his car to them because the used price on Q8s had went to the moon. Wild times.
I can agree with that. Leases have always been a gamble, just a lot bigger of a gamble with todays economy and not knowing or have an idea on where interest rates, trade ins, and purchasing new in 2-3 years when you decide.

We continue to lease my wife's cars, as we put little miles on them, therefore, worth well more to sell back than turn in.

I purchased mine, and will continue to do so. I am not a big gambler, and we may have just had some luck on our side when it came our time to go new with our BMW leases.
Appreciate 1
KJ10500.00
      11-30-2022, 08:52 PM   #88
Bimmer Pleaser
First Lieutenant
Bimmer Pleaser's Avatar
212
Rep
351
Posts

Drives: nothing
Join Date: Jan 2017
Location: Pike Place

iTrader: (0)

Dealer is offering $500 off MSRP for M240i. Good deal?
Appreciate 0
Post Reply

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 12:21 PM.




g87
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST