Quote:
Originally Posted by saveywil1
As the title suggests, I’ve read many posts but I’m really struggling to get my head around the lease deal programs, residuals and generally all of it.. I like to think my strength in life is knowing when I am out of my depth...
So with that in mind, what are people’s thoughts on this..
Market value selling price 126,895
Total Savings 7,000 (BMW incentive 750 Dealer discount 6,250)
Adjusted price 118,895
Taxable fees 925
Doc 389
Tax 485
Non tax fees 151
Balance 121,845
36 months 10k per year Cash down 5,000 Monthly 1548
What should I be asking?
Very appreciative of time and thoughts,
David
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Are you rolling in the taxes and fees or are you paying that upfront?
At first glance, the discount isn't great, you should be at minimum 8% before incentives, you are sitting at 6% with incentives.
Also, money down is a bad idea on leases - if you total the car or if you want to get out of the car early, you will not be seeing that money back.
In addition, your payment listed is high unless you are rolling into the payments taxes and fees. My calculator paying everything upfront and not including your 5k down is about 1388/month.
Will double check my math later but at first glance those are my thoughts.