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First time leaser - is this a good deal?

bmlover88bmlover88 Posts: 3
edited March 2016 in BMW
Never leased before hoping to pull the trigger tomorrow. Having read the posts on here re; negotiating lease I have come up with the following for a demo (4k miles) 2016 328i X Drive 36/10 in Illinois. Can someone please let me know if this looks to be a good deal on 1.Negotiated price 2.My calculations leading to expected monthly payment 3.Should I be expectng any other 'fees' than disposition fee ($350), Fees and Insurance ($390.27), first month upfront ($495.80)?
Many thanks in advance for your help.

MSRP $46,396
Negotiated Price $41,549
Trade In Credit $0
Down Payment $0
Money Factor 0.00135
Lease Term (months) 36
Residual Value 61%
Dupage County Sales Tax 7.25%


Car Worth At End Of Lease $28,301.56
How Much Of Car's Value Will Be Using $13,247.44
Month Lease Payment Before Interest and Tax $367.98
Interest Per Month $94.30
Monthly Lease Payment Before Tax $462.28
Dupage County Sales Tax $33.52
TOTAL MONTHLY CAR LEASE PAYMENT $495.80

Comments

  • MichaellMichaell ColoradoPosts: 114,258
    bmlover88 said:

    Never leased before hoping to pull the trigger tomorrow. Having read the posts on here re; negotiating lease I have come up with the following for a demo (4k miles) 2016 328i X Drive 36/10 in Illinois. Can someone please let me know if this looks to be a good deal on 1.Negotiated price 2.My calculations leading to expected monthly payment 3.Should I be expectng any other 'fees' than disposition fee ($350), Fees and Insurance ($390.27), first month upfront ($495.80)?
    Many thanks in advance for your help.

    MSRP $46,396
    Negotiated Price $41,549
    Trade In Credit $0
    Down Payment $0
    Money Factor 0.00135
    Lease Term (months) 36
    Residual Value 61%
    Dupage County Sales Tax 7.25%


    Car Worth At End Of Lease $28,301.56
    How Much Of Car's Value Will Be Using $13,247.44
    Month Lease Payment Before Interest and Tax $367.98
    Interest Per Month $94.30
    Monthly Lease Payment Before Tax $462.28
    Dupage County Sales Tax $33.52
    TOTAL MONTHLY CAR LEASE PAYMENT $495.80

    Answered in the other thread you posted in.

    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


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