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Please advice on 2016 535xi m sport demo car lease, please advice , thanks

damien1981damien1981 Posts: 2
edited June 2016 in BMW
Carbon black . 535xi, drivers assistant package , Hartman kardon, m sport . Loaner car of the dealer 5000 miles . Msrp 68k. Sale price $63k.
Lease offered to me is $2500 down and $770 / month for 36 months and 12k miles. Is that a reasonable deal for a demo car

Comments

  • Mr_ShiftrightMr_Shiftright Sonoma, CaliforniaPosts: 64,490
    Here's a LEASE OFFER for $609 a month, 36 months but there's $3,500 down, so it's really $706 a monthl and it's only for 10K miles a year. Still, yours does sound a bit high.

    I think you need to bargain hard on the selling price to get the payments down a bit. No sense leasing a "used" car for more than you could get a new one.
  • MichaellMichaell ColoradoPosts: 110,513

    Carbon black . 535xi, drivers assistant package , Hartman kardon, m sport . Loaner car of the dealer 5000 miles . Msrp 68k. Sale price $63k.
    Lease offered to me is $2500 down and $770 / month for 36 months and 12k miles. Is that a reasonable deal for a demo car

    Two things to remember when leasing a demo vehicle

    1. you should absolutely be able to negotiate a lower selling price than on a vehicle with 0-50 miles on it
    2. however, the residual is also adjusted downwards to reflect the mileage

    I think you can lease a new 5-series for that payment -- no real incentive to get the car with 5K on the odometer already.

    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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  • damien1981damien1981 Posts: 2
    edited June 2016
    Thanks a lot micheal& mrshiftright
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