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Need Help - Lease Offer for BMW 428!

jigs13jigs13 Posts: 9
edited July 2014 in BMW

Hey guys, first time poster here. I was hoping to get an idea if the following offer is good in your opinions.

BMW 428i

MSRP - $45,025
Residual Value - $28,365.75
Term - 36 months
Miles - 10,000 per year
MF - 0.0013

Monthly Payment: $435 including tax.
Down $3,000 (including first months payment, taxes/title/fees)

Is this a good offer?
Thank you!

Comments

  • jigs13jigs13 Posts: 9

    $3000 down breakdown

    $912.40 is towards inception fees which includes first month payment and registration and dealer fees.

    $1915.23 is down payment towards the car.
    $172.37 is tax on the down payment.

  • kyfdxkyfdx Posts: 128,257

    @jigs13 said:
    $3000 down breakdown

    $912.40 is towards inception fees which includes first month payment and registration and dealer fees.

    $1915.23 is down payment towards the car.
    $172.37 is tax on the down payment.

    What is your state/tax rate? Any idea of the selling price assigned to the car?

    The deal looks decent. Details will help.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • jigs13jigs13 Posts: 9

    9% state tax, not sure about the selling price close to $40k something

  • kyfdxkyfdx Posts: 128,257

    There is a $1000 incentive on this model.. I'd put the selling price around $39,600, including the incentive.. Maybe a little lower, because you have to account for a $725 acq.fee, and that $912 wouldn't cover that and the first payment..

    Looks pretty good.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • jigs13jigs13 Posts: 9

    Awesome! Thank you for your feedback!!

  • Hey guys,

    I just got a quote on a BMW 428i lease and want to know if you think its good deal or if there is more room in it. Here are the details
    MSRP: $49050
    36 month lease
    15k miles
    minimum drive off= approx $1000
    Payment= $529 w/tax

    Car is a pretty basic M sport with the tech package, and heated seats.

    Appreciate any input.

  • kyfdxkyfdx Posts: 128,257

    Answered in your other discussion

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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