Lease offer, good or bad deal?

mikeyb954mikeyb954 Member Posts: 1
edited November 2015 in BMW
I just left the dealership and this is the offer they give me:
I'm in South Florida
BMW 535i with M kit and Premium pkg
MSRP $64,270
Dealer discount $3500
Rebates $2000
Residual Value 59%
Money Factor .00151
Fess $1200

Monthly payment with 0 down: $812
Monthly payment with $3000 down $681

Comments

  • isellhondasisellhondas Issaquah WashingtonMember Posts: 20,350
    Sounds like a lot of money to rent a car.

    How many miles per year? I know BMW had some ultra low mile leases going.
  • kyfdxkyfdx Moderator Posts: 197,527
    mikeyb954 said:

    I just left the dealership and this is the offer they give me:
    I'm in South Florida
    BMW 535i with M kit and Premium pkg
    MSRP $64,270
    Dealer discount $3500
    Rebates $2000
    Residual Value 59%
    Money Factor .00151
    Fess $1200

    Monthly payment with 0 down: $812
    Monthly payment with $3000 down $681

    .00131 MF and 59% residual for 36mo, 12K/yr
    $1000 option credit + $1000 Novemberfest adder.

    Money factor is marked up from the base
    Discount is okay.. about 5.5%.

    I get $725/mo.+tax with 1st payment and fees/registration upfront.
    Using base MF of .00131 knocks $20/mo. off payment.

    I don't know if your "0 down" means $zero due at signing, or just $0 cap cost reduction?

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