02-12-2021, 08:49 AM | #1 |
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Best 2021 M550i deals
My lease about to end and I wanted to know if it's possible to get a 2021 M550i in the $700-$800 max even $900 with no money down I'm in NY Queens are area any info would be great
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02-12-2021, 09:25 AM | #2 |
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I don't think that you could get that much off with no money down. When I placed my order for a M550i for $83,390 I got some great end of the year deals, and when my car arrives I will be paying about $830 a month with $5000 due at signing.
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02-12-2021, 03:42 PM | #3 | |
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Got 10.5% off msrp $2,250 incentives Buy rate MF Paid first month, fees and taxes due at sign, no money "down". 36/10,000 Payment of $809 You need to be more specific with your "down" versus "due at sign". Down means a down payment, or capital cost reduction, which is separate from due at sign. I paid $4,300 due at sign, but $0 of that was "down". Based on rolling everything but my first payment into the monthly, my payment would have been $909 with $909 due at sign to drive the car away, none of that down or using MSDs. That said, MF has gone up since my buy rate, and idk what the incentives are. This also doesn't include my $1k BMW CCA rebate check |
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02-12-2021, 04:53 PM | #4 | ||
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02-13-2021, 02:23 PM | #5 |
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If you can negotiate a ~10% discount, option it with less options (lower 80s MSRP), qualify for $2500 or so in incentives, achieve base money factor, and pay taxes up-front... You'd probably still be looking at 750-800/mo payment with zero down payment
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02-15-2021, 03:20 PM | #7 | |||
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02-17-2021, 06:30 AM | #9 |
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Don't you NY residents pay a little more than the rest of us for a lease, due to some silly law that your state passed many years ago?
I haven't done it yet, but it does seem that a broker can often get a better rate than us common folk.
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02-17-2021, 08:52 AM | #10 | |
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I did find out you cannot do MSDS with a ny dealer after the fact (maxed at like 750 total msd). So if I were to lease again I would have to have that broker get it from nj if I wanted msds but not sure how I would get the car from nj. I had my car delivered to my front door which was convenient. |
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03-01-2021, 05:51 PM | #11 |
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You can most certainly work a good deal, but the thing is BMW incentives change on a monthly basis. This can work for or against you depending on the program and what is offered at that time. Negotiating a good dealer discount should be fairly doable, but residual, MF, and incentives are set by BMW and are what they are. There is also drive events and other events that come along annually that you can sometimes take advantage of, but obviously you can't predict when those will happen. Broker is a good suggestion if you don't feel you can get a fair deal yourself, but they have their own fees as well that you will have to pay them for their services.
I don't want to sound overly negative, but 10% off MSRP before any incentives is not something most dealers will want to do. If they do do it, it is most likely a car already on their lot or at a specific time like the end of the year/month where they just want to move a couple more new units and are willing to extend a loss. As you will find out, $700-800m is not a realistic figure with no money down for an M550. Instead, what I would recommend is negotiate a realistic deal (8%-8.5% should not be too difficult on your own), and work with your dealer and build up a relationship (if you plan to have a future with BMW/your local dealer) and just be upfront with them on that fact you are shopping around and are looking for competitive pricing. You should have decent results and can most likely get/build the car you truly want, rather than settling for something already on the lot. Let us know how it goes, Good luck! Last edited by IDBGOD; 03-01-2021 at 06:12 PM.. |
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03-05-2021, 09:51 AM | #12 | |
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Here standard m550i with no options yet, only standard package euro143.331 , that converts into $170.849 No wonder we don't see these cars over here |
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03-05-2021, 01:45 PM | #13 | |
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03-06-2021, 08:42 PM | #14 | ||
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I've started emailing local dealers but I've not had anyone hit me up yet with a firm lease offer. Thx!
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03-07-2021, 08:49 PM | #15 | |||
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10% discount before incentives/rebates is easily achievable with a broker. I'd say 8-9% should be achievable without a broker. |
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03-08-2021, 01:32 AM | #16 | ||||
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here in California we don't pay any sales tax at the time you lease it they charge you sales tax on top of the lease payment on a month-to-month basis.
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03-08-2021, 09:08 AM | #17 | |||||
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03-08-2021, 10:00 AM | #18 |
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It's sucks you can't do MSDS in ny.
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03-09-2021, 02:43 AM | #19 |
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Mine is a 2020 but I scored it last May for <$750 with $1500 out.
I have pretty close friends that own leasing companies in Brooklyn and Staten Island. I can have them run numbers for you if you want. |
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03-12-2021, 08:30 PM | #20 |
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03-13-2021, 09:52 AM | #22 | ||||
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Who knows how much of that is BS or not, but this service advisor is great and hell, I already drive an extra 30 min each way to get service from him. I'd follow him to a different bmw dealership too. So I guess it's more about which service advisor you get and not as much the dealership itself |
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