Lease terms on 2015 BMW X5

banxter12banxter12 Member Posts: 1
edited April 2015 in BMW
Just negotiated the terms on a new lease. Wondering if these are good terms or if I can do better.

MSRP $58300
Sales price $55180
Money factor: 0.0013
Residual on 10k per yr: 60% (34,980)
Down: $4000 with 1500 Cap cost reduction
Monthly payment 634 before taxes

Comments

  • MichaellMichaell ColoradoModerator Posts: 206,303
    banxter12 said:

    Just negotiated the terms on a new lease. Wondering if these are good terms or if I can do better.

    MSRP $58300
    Sales price $55180
    Money factor: 0.0013
    Residual on 10k per yr: 60% (34,980)
    Down: $4000 with 1500 Cap cost reduction
    Monthly payment 634 before taxes

    Base MF - Good
    Decent discount (for an X5) from sticker - Good

    We don't normally recommend making any sort of cap cost reduction on a lease - if the car is stolen or totaled, you lose that money.

    What is the rest of the up front cash going to?

    Overall, looks like a decent deal.

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  • skyisthelimitskyisthelimit Las Vegas, Nevada, USAMember Posts: 46
    Why lease a car? I find it impractical unless you don't live in the country. It's wiser to buy.
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