Need Help Evaluating Lease Deal - 2015 428i Convertible

rounds25

Talked to dealer today and gave me the following numbers. I have excellent credit so is this the best MF and deal that I can achieve with the current lease special. Please give me your evaluation: MF = 0.00130, Residual 59% @ 15K; Down payment = $1568; payment = $815

61% @ 12K; MSRP = 59,900; Cost of car thus far = 57,400; $782; down payment = $1534

Are these numbers reasonable? Should I press for more off the MSRP?

kyfdx

rounds25 said:

Talked to dealer today and gave me the following numbers. I have excellent credit so is this the best MF and deal that I can achieve with the current lease special. Please give me your evaluation: MF = 0.00130, Residual 59% @ 15K; Down payment = $1568; payment = $815

61% @ 12K; MSRP = 59,900; Cost of car thus far = 57,400; $782; down payment = $1534

Are these numbers reasonable? Should I press for more off the MSRP?

Do those numbers include tax? If so, what is your state and tax rate?

On the 15K/yr deal, I get $733/mo. +tax... so, it's likely there are other fees or charges in the CAP cost.

There is a $1000 incentive on this vehicle. Given that, $1500 (or 2.5%) is not much of a discount from MSRP. Seems like there is about $2500 more to save, there.

rounds25

I live in Shelby county TN. Our tax rate is 9.75%. The numbers did include taxes. I thought that I should have seen a bit more off the MSRP. Also, is this the best MF that I can get with an excellent credit rating. Thank you for the information.

rounds25

Just found out that it is just state taxes so 7%. Thanks for your help.

Michaell

rounds25 said:

I live in Shelby county TN. Our tax rate is 9.75%. The numbers did include taxes. I thought that I should have seen a bit more off the MSRP. Also, is this the best MF that I can get with an excellent credit rating. Thank you for the information.

Yes, .00130 is the base rate from BMW this month. Can't get any better unless you use MSDs.

rounds25

Thank you. I will just work on getting the MSRP down. Appreciate it

rounds25

Looking at another lease deal. Vehicle retails for $58253 with current price at $ 55825. Looking at a 15K per year lease. Currently at $859+ tax per month with my trade in payoff of 18153.16. They are offering me $17,500 which is fair. MF = .00130 and Residual at 59%. Thank you

Michaell

rounds25 said:

Looking at another lease deal. Vehicle retails for $58253 with current price at $ 55825. Looking at a 15K per year lease. Currently at $859+ tax per month with my trade in payoff of 18153.16. They are offering me $17,500 which is fair. MF = .00130 and Residual at 59%. Thank you

I get $713/mo before tax using those numbers. The $600 of negative equity would only add about $17/mo to that.

I would get a net cap cost number - I suspect it's higher than the selling price. Find out why.

rounds25

Thanks. This is awesome information. I will be talking to them this afternoon. I appreciate the information and will update you on what I find.