2017 320i - Is this a good lease deal and other options?
Net Total: $40,435 (with sports and premium packages)
Term: 10,000 miles for 36 months
Residual: 61%
MF: .00154
Depreciation: $24,507
Finance fee: $99.61 (my calculations)
Sales tax: 8%
total monthly payment: $577.62 (with taxes)
Are you aware of any incentives or lease deals? The dealer has not offered any.
My credit score is higher than what I initially told the dealer. It was calculated at Tier 2 but should be Tier 1. How much of difference should this make in the pricing?
Thanks.
Best Answers
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kyfdx Moderator Posts: 250,819
.00134 MF and 62% residual for 36/10.mb_stan said:I am looking at leasing a 2017 BMW 320i with the proposed following terms:
Net Total: $40,435 (with sports and premium packages)
Term: 10,000 miles for 36 months
Residual: 61%
MF: .00154
Depreciation: $24,507
Finance fee: $99.61 (my calculations)
Sales tax: 8%
total monthly payment: $577.62 (with taxes)
Are you aware of any incentives or lease deals? The dealer has not offered any.
My credit score is higher than what I initially told the dealer. It was calculated at Tier 2 but should be Tier 1. How much of difference should this make in the pricing?
Thanks.
The bump for Tier 2 is .00020 (which is what they quoted you)
You have to know the MSRP and the CAP cost to calculate a lease.
So, can't really comment on the rest of your numbers, without having those two numbers.Edmunds Price Checker
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mb_stan Member Posts: 8Sorry, I thought I gave that. The MSRP is $41,430. The CAP cost is the sticker price $40,435, there was no CAP reduction.5
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kyfdx Moderator Posts: 250,819
MSRP = sticker pricemb_stan said:Sorry, I thought I gave that. The MSRP is $41,430. The CAP cost is the sticker price $40,435, there was no CAP reduction.
Not sure of the terminology you are using.
With an MSRP of $41,430 and an adjusted CAP cost of $40,435, the payment would be $512/mo+tax or about $553/mo.
If the MF is .00134, the payment would drop by $13/mo.+tax.
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Answers
At least $2500.
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