Current September 5 Series Purchase/Lease Deals
I am curious as to what others, who have either purchased or leased a new 5 series, are seeing for negotiated pricing in Sept. 2021 only.
I realize we are in strange times in the auto industry and that purchases made earlier this year and in 2020 are most likely very different than what is happening today.
I have a very low mileage 2020 Range Rover which I leased 23 months ago. I am not in the market to give it up yet, but my dealer has been aggressively trying to buy my vehicle. They offered me the high-end trade-in value from Black Book. This is several thousand dollars more than the negotiated price on my contract. I have 13 months left on the lease and I do not see the auto industry inventory improving any time soon. It is very possible that finding a replacement vehicle late next year may be even tougher and more expensive based on what I am hearing.
I am seriously thinking about taking the dealer’s offer and ordering a 2022 BMW M550i.
I live in the San Francisco Bay area and inventories are bleak. Demand here is far greater than inventory for almost all brands. I have visited 3 BMW dealerships. Two offered me MSRP and one offered $10K over MSRP. None of them can give me a delivery date estimate yet.
I have seen people state they received anywhere from 6 – 12.8% off MSRP on deals from 2020 up until about May of 2021. This moment in time seems to have the dealers really panicked and they are trying to squeeze everything they can out of the scarce inventory they can acquire. The demand is high as witnessed by the numbers of people I have seen at the various dealerships I have visited. Maybe this is like the “great toilet paper” panic of 2020. I have never purchased or leased at MSRP, but the reality now is that it might be a really great deal today and through at least next year.
Anyone have any very recent deals/experience to share?
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