2017 M240 lease question

smedum25

I was presented with the below lease offer for a 2017 M240 and wanted an opinion on it MSRP: $55,500 Cap Cost: $52,051 Taxes and Fees: $3,771 36 month lease 12k miles per year Due at signing: $2,400 Monthly payment: $769 I don't know current residual or mf for the M240 so I am curious as to this lease deal.

smedum25

The state is NJ

kyfdx

smedum25 said:

I was presented with the below lease offer for a 2017 M240 and wanted an opinion on it

MSRP: $55,500
Cap Cost: $52,051
Taxes and Fees: $3,771
36 month lease
12k miles per year

Due at signing: $2,400
Monthly payment: $769

I don't know current residual or mf for the M240 so I am curious as to this lease deal.

smedum25 said:

The state is NJ

About $1900 tax, $925 acq.fee, $500 title/registration, $400 dealer fee? That's pretty close to $3771.

.00134 MF and 57% residual.
Adding the $3771 to the CAP cost, then subtracting $1631 Cap cost reduction ($2400 - $769 1st payment), I get $742/mo. $769/mo. looks a little steep.

I'd verify the money factor and push for a little more off the sale price.