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Lease Offer check on X5 xDrive35i

techminetechmine Posts: 18
edited May 2016 in BMW
Never leased a vehicle before (alway bought to keep it for long term). Seriously considering Leasing this time.
Got a Quote from the dealer:

MSRP 70,070
Rebates 6000
Sale Price 64,070
============
Trade in: 13,500
Final Price: 54,270
(50,570 + 3,700 (fees + taxes))
============

Lease Quote - $708 per month
Cash Due - $710
36 Months, 10K

No other information about the lease breakage has been provided.
Experts, please let me know how this looks.

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  • MichaellMichaell ColoradoPosts: 121,103
    techmine said:

    Never leased a vehicle before (alway bought to keep it for long term). Seriously considering Leasing this time.
    Got a Quote from the dealer:

    MSRP 70,070
    Rebates 6000
    Sale Price 64,070
    ============
    Trade in: 13,500
    Final Price: 54,270
    (50,570 + 3,700 (fees + taxes))
    ============

    Lease Quote - $708 per month
    Cash Due - $710
    36 Months, 10K

    No other information about the lease breakage has been provided.
    Experts, please let me know how this looks.

    The 36/10 numbers for the X5 are .00138 and 60%.

    Using your MSRP and Final Price, that works out to $473/mo.

    If I back the trade value out of the deal, the payment goes to $866/mo.

    So, what we need to know is the adjusted cap cost, as it seems to be in the middle somewhere.

    We do not recommend using trade equity as down payment - to cover the fees and taxes, yes, but get the rest of the equity returned to you as a check from the dealer.

    Or, use it as multiple security deposits to buy down the money factor.

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


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • techminetechmine Posts: 18
    Thanks for the information. I haven't gone back to the guy due to crazy work schedule. Will post an update here once I am done. In the meantime I have generated some interest in q7  ;)
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