2016 BMW X4 Lease Questions

kyfdx

lsimms8 said:

Hello,

1. What are the November rv and mf rates for a 2016 BMW x4 xdrive35i for 36/12k lease?
2. Are there any incentives or rebates? BMW loyalty, USAA discounts, fleet discounts, etc in Georgia?

.00134 MF and 60% residual.

No info on the incentives you list.

lsimms8

Thank you for the info. I am considering this vehicle for a traditional lease, however, the dealer is recommending the "owners choice" program (with lower monthly payments and 4.25% interest rate - higher than converted money factor). I live in Georgia and this was suggested due to state vehicle tax laws. Can you please help me understand the benefits/risks of owners choice program over traditional lease?

Michaell

lsimms8 said:

Thank you for the info. I am considering this vehicle for a traditional lease, however, the dealer is recommending the "owners choice" program (with lower monthly payments and 4.25% interest rate - higher than converted money factor). I live in Georgia and this was suggested due to state vehicle tax laws. Can you please help me understand the benefits/risks of owners choice program over traditional lease?

GA taxes the entire selling amount in a lease; the owners choice program allows you to register the car in your name, rather than the lease company.

Good option for you.

kyfdx

lsimms8 said:

Thank you for the info. I am considering this vehicle for a traditional lease, however, the dealer is recommending the "owners choice" program (with lower monthly payments and 4.25% interest rate - higher than converted money factor). I live in Georgia and this was suggested due to state vehicle tax laws. Can you please help me understand the benefits/risks of owners choice program over traditional lease?

They are marking up the APR. The base rate for OC is 3.25%.

By using OC, you are preserving the trade-in credit against the sales tax, on both ends. Whether you are trading in now, or when you end the OC agreement.

lsimms8

Thank you,

Ok.... here is the deal that they presented to me today:

2016 BMW X4 xdrive 35i (Demo - 14k miles)

MSRP - $59495
Sales price - $47000
Trade in value = -5749
Down Payment = $0
Customer Loyalty Credit = $1000

I live in GA, so taxes were included at around 7%

Traditional 36 month lease / 12k miles = $766 per month ????

They said this was using the .00134 MF and 60% residual value (he said that 12k miles would be 60% and not the 61% reported here). They also stated that there was an "additional depreciation" due to the fact that the car already has 14k miles on it as a demo. Have you ever heard of anything like this?

Michaell

lsimms8 said:

Thank you,

Ok.... here is the deal that they presented to me today:

2016 BMW X4 xdrive 35i (Demo - 14k miles)

MSRP - $59495
Sales price - $47000
Trade in value = -5749
Down Payment = $0
Customer Loyalty Credit = $1000

I live in GA, so taxes were included at around 7%

Traditional 36 month lease / 12k miles = $766 per month ????

They said this was using the .00134 MF and 60% residual value (he said that 12k miles would be 60% and not the 61% reported here). They also stated that there was an "additional depreciation" due to the fact that the car already has 14k miles on it as a demo. Have you ever heard of anything like this?

60% is the correct 36/12 residual, and the demo miles are deducted at .25 per ($3500). That is offset by the bigger discount from sticker (20%, give or take)

What is the adjusted cap cost, after taxes and such are added in.

How much are they asking for at signing?