BMW X4 lease

gyasih

Hello All, I am trying to determine if I am getting a good deal. I am trading my car in which has a value of $7000. I am in NYC.

2015 X4 xDrive 28i
$52200 MSRP
$49210 Selling Price
59% RF .00170 MF
$200 license and registration, $995 Bank Fee (is this fee legit?)
$0 drive off
$547 a mo for 36 mos, includes 8.875% tax 12k/yr
good deal?

kyfdx

gyasih said:

Hello All, I am trying to determine if I am getting a good deal. I am trading my car in which has a value of $7000. I am in NYC.

2015 X4 xDrive 28i
$52200 MSRP
$49210 Selling Price
59% RF .00170 MF
$200 license and registration, $995 Bank Fee (is this fee legit?)
$0 drive off
$547 a mo for 36 mos, includes 8.875% tax 12k/yr
good deal?

Doesn't look good.

The money factor is marked up the maximum from the base MF of .00130
The bank fee (aka acquisition fee) is marked up the maximum from the base $795.

So, out of your $7000, about $2200 for tax and $1200 for fees, $550 for first payment.. leaving about $3000 for downpayment. I get $559/mo., but that's with a lot of estimates... so, the payment looks okay.

The selling price is okay, it's just the markups.. Together, they are adding about $40/mo. to your payment..

gyasih

Thank you, I may try to get payments lowered by about $20/month.