Found an x5 I like that was a loaner at a BMW Dealership, they listed as CPO. 2023 M50i.
They have it listed at 81% if it’s original MSRP and will allow it to be leased. Sales guy said he can’t go lower on price and that BMW won’t let them drop under 80% of original MSRP.
Is this true? Cars been sitting on the lot awhile and I want to get another 5k off if possible.
There is no such thing as “BMW won’t let them drop under 80% of original MSRP”. BMW USA is not the one deciding what a used car is worth. Anything and everything is negotiable.
It’s not a used car to BMW. It’s still unregistered to the end user and qualifies for all new car programs.
Make sure you’ve calculated the mileage penalty to the residual value if your dead set on leasing it while also making sure you get the base rate money factor / use msd’s to lower even further or do a one pay lease.
Has it been sitting on the lot or has the GM been using it? It’s pretty rare to see a M50i in the loaner fleet. If it’s still being used it may not be that compelling for them to drop another 5K. That being said, write up your offer, email it to them, and see what they say.