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

kiljaedon

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

jinoc

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

Michaell

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.

ethank

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?

kyfdx

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.