Does this lease make sense?
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Michaell Moderator Posts: 255,666
We don't have any information on the new CPO BMW lease program.missiea said:I've not leased before and have located a 2013 328i that the dealer is offering to lease. The car has 31k miles. Price is $27,165 including all fees. With a trade in of my current car credit of 6500, amt applied upfront from that is 1,070 with net cap cost of 21,735. Residual 17,085, 36 months at .00198 money factor, payments 222.51 with 10k miles/year. Is this a good deal?
I will suggest, however, that you not use the trade equity as down payment - if the car is stolen or totaled, you lose that money. Have the dealer cut you a check for anything not being used for up front fees and/or taxes.Edmunds Price Checker
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige5
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If they can protect the lessee from repair/maintenance issues, they could probably do pretty well with them. It might bite them on the back end, though.
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Just seems like a lot of trouble -- two identical 328xi's - one with 30K, the other with 35K. Do they have the same residual?
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