Good Deal? 2015 BMW Demo 328xi Lease

hammertime6

Hi Folks - first timer.

So I have a 2013 BMW 328xi, 36mo lease, 45k miles. Still have 8 payments left. Put $4500 down and paying $530 a month. I'm at 46k miles already. No equity. Buyout $31k.

I was presented to pull ahead and get into a "new" 2015 BMW DEMO (or executive) 328xi LEASE. This car has 6.7k miles on it. Monthly payment of $499 with $1500 down.

MSRP: $51,000, Residual 60%, MF 0.00129, Term 36mo/15k, Net Cap Price: $40,482 (Cash due at delivery - $1,500 all in)

Payment $499, includes tax.

The dealer said for every $500 I put in, it will lower by $15.


Is this a good deal? Thanks in advance.

Michaell

hammertime6 said:

Hi Folks - first timer.

So I have a 2013 BMW 328xi, 36mo lease, 45k miles. Still have 8 payments left. Put $4500 down and paying $530 a month. I'm at 46k miles already. No equity. Buyout $31k.

I was presented to pull ahead and get into a "new" 2015 BMW DEMO (or executive) 328xi LEASE. This car has 6.7k miles on it. Monthly payment of $499 with $1500 down.

MSRP: $51,000, Residual 60%, MF 0.00129, Term 36mo/15k, Net Cap Price: $40,482 (Cash due at delivery - $1,500 all in)

Payment $499, includes tax.

The dealer said for every $500 I put in, it will lower by $15.


Is this a good deal? Thanks in advance.

$499 with tax? Seems like a decent deal.

Agree with the comment about down payment lowering your monthly payment - but we don't recommend you do that. If the car is stolen or totaled, you lose that money.

stever

Best ask about the warranty to save any surprises down the road.

Note that this settlement doesn't apply to leased vehicles. BMW settles suit over demo vehicle warranties (Automotive News)