CPO Lease - can you tell me if this is a good deal?

kiljaedonkiljaedon Member Posts: 7
edited January 2015 in BMW
Hey folks -
I normally wouldn't bother with a CPO, but I came across one - 5400 mi, looks meticulous. Selling price seems pretty good. What do you guys think about this?

MONTHLY:
36 mo lease.
MSRP: 49325
Sale Price: 41899
Res Factor: 59%
MF: 0.00081
Monthly Base: 427.28
Monthly Pymt: 463.60

DRIVEOFF:
Tax: 91.38.
License+Reg: 424.25.
First Mo: 463.60.
Security Deposits: 3500
Acq Fee: 995
Dealer doc fee: 80
Total Driveoff: 5554.23

Comments

  • jinocjinoc Member Posts: 7
    You probably got this by now - but that seems like a lot of drive-offs for a lease, especially a pre-owned vehicle. MF seems very good however
  • MichaellMichaell ColoradoModerator Posts: 193,253
    kiljaedon said:

    Hey folks -
    I normally wouldn't bother with a CPO, but I came across one - 5400 mi, looks meticulous. Selling price seems pretty good. What do you guys think about this?

    MONTHLY:
    36 mo lease.
    MSRP: 49325
    Sale Price: 41899
    Res Factor: 59%
    MF: 0.00081
    Monthly Base: 427.28
    Monthly Pymt: 463.60

    DRIVEOFF:
    Tax: 91.38.
    License+Reg: 424.25.
    First Mo: 463.60.
    Security Deposits: 3500
    Acq Fee: 995
    Dealer doc fee: 80
    Total Driveoff: 5554.23

    Looks good, though my pre-tax payment calculates to $412.99 - I'm guessing the cap cost is slightly higher than the sale price.

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  • ethankethank Member Posts: 8
    I'm also looking for a CPO lease right now.
    One question I have is how the dealer sets the residual on CPO lease.

    What I have so far on CPO 2013 528xi w/ 22904 miles.
    Selling price: 32,717.11
    Lease end value: 23,206 (71%)
    Cash cap reduction: 2,995
    Money factor: 0.00126 with 7 MSD (Original: 0.00175)
    State: NJ - 7% tax

    MV fee: 145.60
    Doc fee: 299
    Acq fee: 925

    I feel like I'm paying a lot for a 3 year old CPO vehicle. Any comments?
    Also what would my monthly payment be?
  • kyfdxkyfdx Moderator Posts: 197,894
    ethank said:

    I'm also looking for a CPO lease right now.
    One question I have is how the dealer sets the residual on CPO lease.

    What I have so far on CPO 2013 528xi w/ 22904 miles.
    Selling price: 32,717.11
    Lease end value: 23,206 (71%)
    Cash cap reduction: 2,995
    Money factor: 0.00126 with 7 MSD (Original: 0.00175)
    State: NJ - 7% tax

    MV fee: 145.60
    Doc fee: 299
    Acq fee: 925

    I feel like I'm paying a lot for a 3 year old CPO vehicle. Any comments?
    Also what would my monthly payment be?

    We don't have information on used leases. They rarely seem to be a good deal.

    Really hard to comment on your price, as you left out the quoted payment.

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