Quote:
Originally Posted by dardeca
Quote:
Originally Posted by Xsanity
What do you think of the following deal?
Msrp 111,000
Selling: 106,000
Turning in my m2 mid lease with 21 payments left and after everything ( negative equity on m2)my monthly on the 19 m5 will be $1650 per month with $3500 down. Is that good?
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Hard to know without knowing how much negative equity is being absorbed into the M5 lease payment.
However, I'll say that $5k off a M5 MSRP is not very good. I wouldn't take anything less than 8% off on a M5 Comp (and more on a base M5). There are dealers out there willing to do this and more...I've seen up to 10% off.
Oh - and if the quote you posted is on a base M5, then all the dealer is doing is showing you the $5k lease credit that comes from BMWNA. |
I assume it's 106k selling cost with his 5k in negative equity. I ran the numbers that's what it represents.
There are a few other factors we need to know but it's not too bad