Early Lease Renewal Offer

splashkisplashki Member Posts: 1
edited September 2015 in BMW
Recd. dealer offer for early renewal of my current 35 month 2013 528i lease which expires March 2016.
I have already reached allotted 36k mileage on current vehicle
Currently paying $654.00 including CA Sales Tax
Dealer offered new 35 month lease @ $654.00 including CA tax
528i $49950
Plus
Premium Package $2600
Drivers Assistance Package $1800
Heated Seats $500
Wheel Locks $160
Destination Charges $950
Seems like a reasonable deal.
What am I missing????????????????

Comments

  • MichaellMichaell ColoradoModerator Posts: 183,597
    splashki said:

    Recd. dealer offer for early renewal of my current 35 month 2013 528i lease which expires March 2016.
    I have already reached allotted 36k mileage on current vehicle
    Currently paying $654.00 including CA Sales Tax
    Dealer offered new 35 month lease @ $654.00 including CA tax
    528i $49950
    Plus
    Premium Package $2600
    Drivers Assistance Package $1800
    Heated Seats $500
    Wheel Locks $160
    Destination Charges $950
    Seems like a reasonable deal.
    What am I missing????????????????

    So far as I know, BMW does not offer an 'official' lease pull-ahead program, so the remaining payments on your current lease have to be accounted for - 5 months (?) at $654, or $3270.

    We need to know the selling price of the new car and miles per year to fully evaluate your deal.

    $654/mo for a car that stickers at $56K is just OK; if you check out the 5-series lease discussion, you'll see folks who have done better than that.

    If the dealer is applying the remaining payments to your new lease, that alone is adding $91/mo to your payment.

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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • zoombie99zoombie99 North JerseyMember Posts: 310
    Sounds like a horrible deal to me based on the great deals on the leftover 535's. I am paying less than that for a 535x with an MSRP of above $66,000.00.
    BMW 2019 540x Bluestone
    BMW 2019 Glacier Silver X3 30i being built to replace a 2017 X3 (wife's)
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