Am I getting a good deal? 2015 x3 lease in NJ - picking it up tomorrow

jtjkw

2015 BMW X3
MSRP - $49,250
Negotiated price to $45,300
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36months/15K
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MONTHLY LEASE PAYMENT $592
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MF .00129
Residual 55% of MSRP = $27,087
$3,958.17 UPFRONT (includes 7% NJ Tax $1790.53, .004 luxury tax, bank fee $895, doc, reg,etc. $688.42, first month's payment $592)
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Does this deal make sense? I'm interested in knowing if the monthly payment is correct. I'm also interested in the upfront costs of $3,958.17. It seems to make sense but I'd love someone to double check. I also asked if I could pay multiple security deposits and they said the would do it but haven't gone through that yet. Was hoping to put 6 MSD at .00007 reduction each.

brian6743

So after much back and forth, I got the payment and figures I wanted on my 28i. However, question for you. I put $2000 as a deposit to order the car. In the figures, they include $2000 as a cap cost reduction. Should I have them remove that and apply that to TTL or does it not matter.

Michaell

jtjkw said:

2015 BMW X3
MSRP - $49,250
Negotiated price to $45,300
--------
36months/15K
--------
MONTHLY LEASE PAYMENT $592
--------
MF .00129
Residual 55% of MSRP = $27,087
$3,958.17 UPFRONT (includes 7% NJ Tax $1790.53, .004 luxury tax, bank fee $895, doc, reg,etc. $688.42, first month's payment $592)
---------
Does this deal make sense? I'm interested in knowing if the monthly payment is correct. I'm also interested in the upfront costs of $3,958.17. It seems to make sense but I'd love someone to double check. I also asked if I could pay multiple security deposits and they said the would do it but haven't gone through that yet. Was hoping to put 6 MSD at .00007 reduction each.

Answered in the other thread you posted in.

Michaell

brian6743 said:

So after much back and forth, I got the payment and figures I wanted on my 28i. However, question for you. I put $2000 as a deposit to order the car. In the figures, they include $2000 as a cap cost reduction. Should I have them remove that and apply that to TTL or does it not matter.

You do not want to make a cap cost reduction ... if the car is stolen or totaled, you lose that money. Your payment will go up by about $56/mo (2000 / 36), but apply the money to any other up front costs, or, you can use it to make multiple security deposits to lower the MF. The beauty of that approach is that you'll get the money back at the end of the lease.