[nestoveg1902]

I have tried to get a deal done with a BMW in Dallas, TX, for a 2024 i5 eDrive40. First deal was: MSRP $79490, minus $7990 savings, minus $9000 in rebates, plus $5000 in upside down with trade-in (they matched Carmax’s offer) for a total of $68836 after taxes and fees, for a monthly payment of $997. Then, they said they needed a $3000 down payment, because my credit was in the low 600’s; I said ‘forget it’. Then, the came up with a second deal: MSRP $79490 minus, $9290 in savings, minus $9000 in rebates, plus $5000 upside down in trade-in, for a total of $67520.51, for a down payment of $1500 including the first monthly payment of $964. I still declined it, since I still wanted a MF of .0019 or even .0016 for a 36-month loyalty lease through BMW FS. They told me, since my credit score was in the low 600’s, I couldn’t get that rate, so I wonder, did I let the opportunity slip?

[StdOil15]

Seems like you really didn’t want the car or can’t afford it tbh.

10% off MSRP from the dealer plus additional $10K from BMW. It’s hard to do better than that. Maybe you can do better on the trade. I don’t know the details behind that.

Low 600s credit score is not good. What MF did they offer? If it was below .0022 that’s good enough with the credit score.

[Nykrayz]

I think you passed up on a good deal
For comparison in Seattle I just picked up i5 m60 in April for 11.5% off and the 9000 rebates

I leased and they did not budge on money factor 0.002. I could maybe have squeezed a little more maybe off msrp or reduced money factor But this literally took me maybe 10 min to do

[LVBMW]

Originally Posted by nestoveg1902

I have tried to get a deal done with a BMW in Dallas, TX, for a 2024 i5 eDrive40. First deal was: MSRP $79490, minus $7990 savings, minus $9000 in rebates, plus $5000 in upside down with trade-in (they matched Carmax’s offer) for a total of $68836 after taxes and fees, for a monthly payment of $997. Then, they said they needed a $3000 down payment, because my credit was in the low 600’s; I said ‘forget it’. Then, the came up with a second deal: MSRP $79490 minus, $9290 in savings, minus $9000 in rebates, plus $5000 upside down in trade-in, for a total of $67520.51, for a down payment of $1500 including the first monthly payment of $964. I still declined it, since I still wanted a MF of .0019 or even .0016 for a 36-month loyalty lease through BMW FS. They told me, since my credit score was in the low 600’s, I couldn’t get that rate, so I wonder, did I let the opportunity slip?

Consider contacting a broker. There are many good ones on the leasehackr site. I used Autocompanion.

[AddyDaddy]

Bad deal
Look a clutch auto broker he’s offering $699 with minimal down, don’t remember details but your paying as much for that as I did for $98k msrp M60 that I was upside down on with my 23 5 series, also added wheel tire, dent ding and (maybe key) packages. Sometimes you have to tell the dealer what you will pay and depending on them they will come back with a # close or you walk. Remember they are the ones who need to sell, you just want it so you have the advantage. What was money factor with your credit?

[Scrapula]

I suggest driving your car until you are not upside down and give yourself a year to improve your credit score. It’s never a good idea to roll another car loan into a new one. You will never get caught up. Plus, the i5 hasn’t even been out for a year. I’d give it a year and see.

[Eric500]

hard to say, the polarizing styling and decline in interior quality will see huge hits in depreciation. you could wait until you're less upside down or your credit improves.