I’m trying to lease an m340i and curious to see if I’m getting a good deal or might. The one I am looking at is a 2024 m340i with an MSRP of $64,000.
The best the dealer is giving me for a lease with 12,000 miles is $752 a month with $3500 down. Is this good? How much are you guys paying?
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It’s sick how much they’ve gone up in price. I was paying $650 for my 2020 with tire and wheel.
If youre anywhere in SoCal just take that deal. Thats low for that car. I have friends here in LA paying $850 to $1000 for m340i with that same down payment and only 10k a year.
that’s crazy, I’m playing $1100/month for my M3 financed…
24? and how much you put down?
Insane, not too long ago $850 was base manual white F80 prices
Where are you located ? In California that same deal at my local dealerships is about $1000 a month.
If you’re seeing them at $1k a month you’re looking in the wrong place. See my comment here for specifics.
I realise I’m probably an out of touch boomer or something, but fucking hell. Paying that sort of money to borrow someone else’s car is absolute swivel-eyed lunacy to me.
$560 a month. Had 4700 miles on it. MSRP of 58k, threw on an extended warranty for 4k more, total came out to 66k-ish after tax and shit. Put 25k down on it expecting to get that back when I finally sell to put towards my next car. Should be able to.
Bought in 2020 and I got 40k miles on it now.
My 2021 M340i all in was 69k after taxes and fees. Paid cash. Does the lease include sales tax and fees? Those lease terms look like you’re getting a bit shafted as the resale value of 3 year old models is in the high 40s.
You paid cash? Outright?
Holy Fuck, do you not like money?
that’s more than my 2021 M2 competition was and I checked nearly every option
I had every option. Sales tax was a big hit, otherwise I was around 62-63. I researched the blue book and was happy with what I paid.
I bought my 2023 m340i for around 60,000 after taxes with 25k down and I’m paying 700 a month but I’m putting around a grand in order pay it off faster.
Got a 2021 m340i with 32k miles for 50k after taxes and fees. Paid 30k down, paying around $450 a month
Wow, that is why when someone ask how much you pay monthly for financing a car, it’s complicated. Why put so much $$ down on a depreciating asset? I bought my 2019 CPO x3m40 in 2022 w/33k miles for $49k + 6% taxes. I “put down-payment” by trade in car for 9k. Monthly note is $72X for 60months. I usually pay 800$ per month to reduce interest. I wouldn’t put down >50% on a regular car/highly depreciating asset. My Car currently has 60k miles and im sure its worth under 40K . To get any semblance of return, I would have to own it free & Clear and hope for 10-15k trade in value in a few years. If I sold it now, im sure I would be upside down😱
£33k for a 2019 model with 32k miles
Hi OP. I see you mentioned you’re in SoCal. Just to clarify a few things:
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Is it $3500 down or due at signing? Sometimes dealers will say down and exclude drive offs so your total out of pocket will be $5k+.
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Is $752 pre-tax or tax included?
Looking at my broker’s listings right now he has one at $63,3XX MSRP for $2800 due at signing / $715 + tax (10k miles) and another at $66,1XX MSRP for $2800 due at signing $751 + tax.
If interested DM me and I can put you in touch with him (I am not a broker, I do not get any kickback or incentive from him, I just like buying cars and hate dealing with dealerships and really enjoy working with him, he had my X3M delivered to my door paperwork signed in the trunk in 10 mins and salesman in an Uber back to dealership). I’ve had at least 2 redditors confirmed to have gotten cars through him over the past couple of years (an X7 and an M3 Comp).
I’ve never heard of using brokers like this, can he also help find a CPO for sale? Or only new for lease? I’ve been struggling to find the spec I want locally
If i can ask, how does the broker work as far as compensation for him? Is it just a one time fee?
For sure. Every broker is different. Some charge a one time fee up front. Some charge it before looking for you some after. My guy works it into the deal (so the total he quotes you is all you’re paying, and he gets his cut from the dealer). I’ve never worried about it because he consistently gets better prices than dealers are willing to negotiate to even with his fee baked in, so it’s well worth the service, especially when you factor in time and energy spent at a dealer doing it the traditional way.
Interesting, I’m in the market for a X3M so i might go this direction.
Can you dm me his info?
Sent a chat request.
Would be interested in his info as well!
Request sent!
I’m actually using this referenced broker right now, have an X3 M40i on order from him
Any luck you can share the lease details? I’m looking into getting out of my M340i lease into an X3M40i.
Send me his info ?
He didn’t mention he was in Socal…
I am, but FWIW my guy can ship nationwide, it just depends on the vehicle if it’s worth it or not as sometimes the savings are cancelled by the shipping cost, but seeing what dealers are quoting for some cars those times are less common.
Sent a chat request.
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Bought mine in 2020, new for 69,500. With trade in and down payment, came out to about 55,000 and monthly payments were 800-900. I wouldnt spend anywhere near what they are quoting you just to lease it. Not worth it in any way.
I purchased my 2021 430 (msrp 56k) for those numbers on a 5 year term.
There used to be (still may be) forums that had the money factor and residual values (the two numbers in addition to MSRP that decide a lease payment) for cars so you could calculate the exact price yourself. PM me and I can try to help you find out
Edmund’s.
Edmunds used to help with that not sure if the still do
Oh yea that’s right it was the edmunds forums, there used to be 2 guys that would post all the numbers of you asked (I messaged OP so we’ll see if he responds)
Edit: some states also allow you to “buy down” the money factor with multiple security deposits
That’s a hefty down payment for a lease, but the monthly payment and miles are very good. I had a ‘22 X3 m40i that I leased. $65,000 vehicle 3 years 36,000 miles and it was $1,150 a month with $1,000 down.
how many months? at 36 months max this is a fair deal. this puts your cost to lease at about 31K total for three years. not bad for a close to base model.