I just bought a 328xi new with premium, sport, nav, dakota, upgraded lights, cold weather package, ipod(pretty much every option they have)with an MSRP of $44,525.
I pay $557. So I would keep shopping if I were you!
Ok need help guys, payment seems way to high 335i coupe, only option is sport package for European Delivery.
MSRP: 42675 Residiual % 60 Miles 12,000 Residual Value 25,605 Term 36 Months CAP COST 37685 Bank Fee 825 LEASE FACTOR .00345 ?????? Seems to high Drive off of 1600
I was offered this and I think I may be able to do better....if that's the case, then you are def. getting ripped off....contact me for more information
-Black 335i Coupe, with Sports Package, Paddle shifters, black leather (not leatherette), heated seats, Jet black exterior. MSRP is $46,000 with options
-$2044 total out of pocket (first month's payment and all other transfer fees) -$539/month (taxes rolled in)......30 months lease
Ok everyone, so the dealer has now offered me the following they have not given me a payment yet. Can anyone figure out what the payment will be and if this is a fair deal for 2008 BMW 335i coupe with the only option as sport package
MSRP: 42675 Residiual % 60 Miles 12,000 Residual Value 25,605 Term 36 Months CAP COST 37685 Bank Fee 625 this is down from 825 LEASE FACTOR .00325 this is a .0002 markup instead of .0004 Drive off of 1600
That would be about $539 per month plus your state % sales tax.
You're getting $5675 off MRSP on a 335i??? That's hard to believe. I think I'd jump on that if it's real. I also thought MF of .00175 was still available on '07's. .00325 is pretty high.
Here is my quote from an internet sales mgr, CA dealer. I understand that the $4200 sec dep will be tied up to give me that lower MF, but this is just my quote.
2007 335i Coupe, 6-spd manual 36 month lease 10,000 miles per year Residual 61% $4200.00 refundable security deposits .00176 (4.224%) money factor, interest rate. Total drive off $8578.32, includes 1st payment ($600), cap. reduction $3163.41, sales tax $245.16, license,dmv, $369.75, and security deposits of $4200.00. Selling price $45,700.00 Base payment $556.84 Monthly tax $43.16 Total monthly payment $600.00.
Well, one thing was missing here. After calculating using those numbers, the Acquisition or Bank fee turned out to be $825. I think I've figured out the numbers.
I'm using the following formula found elsewhere here on the forum (Thank you to the contributor!!).
S = Sell price = 45,700.00 A = Acquisition Fee = 825.00 M = Money Factor = 0.00176 (this was lowered by my 4,200 sec deposit, or 7 x 600/mo. I think orig MF was .00200) N = Term = 36 months R = Residual = 27,877 (61% x 45,700) P = Monthly Lease Payment excluding tax P* = Monthly Lease Payment including tax t = Sales tax Rate = 7.75% Down Payment/Cap reduction: $3163.41 (to get the $600/mo incl tax) Annual Mileage: 10K Disposition Fee?: NO Excess Mileage Charge: 0.15 per mile Sales Tax: Computed on the payment streams Capitalized Amounts: Acquisition Fee Only
Basic Money Factor Formula:
Note: Selling price - Cap reduction = $42536.59 = adjusted S
P = M(S+A+R)+(S+A-R)/N
P = 0.00176(42536.59+825+27877)+(42536.59+825-27877)/36 P = 555.51 (close enough to quote)
Looks like I'm paying MSRP for this car, to arrive at the $600/mo incl tax. Any room for negotiations, don't know but sure will try to get closer to TMV
So, Base MSRP $40,800 plus Options ZSP + ZPP + Met Paint + Dest = $45,700 = stated Selling Price. Not good enough!
Anyone have comments on the above, please do chime in? Is it possible to aim at $1000 over invoice in CA for the '07?
(Sorry I had this posted in the Paid and Buying Exp. should really belong here)
Not only is it possible to aim at $1000 over for the 07, but you should be able to do better. I got $700 over on mine, with no haggling.
Also, your MF is not good. Each additional security deposit should lower your MF by .00007. If you're getting .00176 with 7 securities, it means you started at .00225. The base MF on that car is supposed to be .00200, which would bring your MF down to .00151. (Also, the residual on the Coupe should be 58%, not 61%; that's the sedan).
Perhaps it's harder now to find '07 Coupes with 6MT? But I see a few in stock w/ diff options still available.
Latest published BMWFS rates (Sept 07):
2007 BMW 335i Coupe 24 Month – Residual 68% of MSRP – .00200 Base Rate 36 Month – Residual 58% of MSRP – .00200 Base Rate
Strange about that MF. Without sec deposits, the dealer quotes a) MF at .00215 when the acq/bank fee is $825, or b) .00230 when the acq fee is $625. I thought the base is still at .00200 and won't change until Oct 6.
Additional cap reduction over the std $2500 was to bring the monthly (incl tax) down to $600.
So, at this point the slicing/dicing is still based on full MSRP. Definitely will bring this down. Also sending my #'s to other dealers. Will update later.
Hi drgeno72. BMW Financial Services charges a $625 bank fee on every vehicle that it leases. Dealers are allowed to mark this fee up by a couple hundred dollars to add extra, hidden profit to deals.
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Hi K.G. Is the payment quote that you were given on the used BMW that you are interested in for a lease? BMW does allow consumers to lease used vehicles. The problem is that is usually does not provide nearly as much lease support on used vehicles as it does on new vehicles. As a result, it often turns out that it is as expensive, or even less expensive to lease a brand new car than it is to lease a similar used vehicle. Make sure that you get a payment quote on a brand new 328xi before you pull the trigger on the lease of a used one.
You can use the formula that is described in the following article to calculate vehicles' lease payments: Calculate Your Own Lease Payment.
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Hi Daniel. You never mentioned the selling price of the 3-Series that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of the vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this deal if you let me know what its selling price is.
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Hello trusaleen1. You definitely can do better than this. I don't know how good a selling price you are being given on this car, but if the bank fee and money factor that you were quoted are any indication, it isn't good.
The dealer that you are working with is marking up BMW Financial Services' base acquisition fee by $200. You're right about the money factor. It is definitely too high. If you have not leased this car yet you're in luck. BMW just enhanced its lease program on the 2008 3-Series for the money of October. BMW FS' new 36 month buy rate lease money factor for the '08 335i Coupe is .00235. I suggest that you shop around until you find a dealer that is willing to use this money factor to calculate your lease payment. Also, make sure to find out what selling price you are being charged.
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This is what I was offered. I did not negotiate a selling price. The quote is substantially lower (> $150/month) than all of the quotes I am getting from my local dealers...what do you think?...I already signed the lease and it will be delivered by 10/12...thanks!
New 2007 335i Coupe, with Sports Package, Paddle shifters, black leather (not leatherette), heated seats, Jet black exterior. 12K miles/yr. MSRP is $46,000 with options
-$2044 total out of pocket (first month's payment and all other transfer fees) -$539/month (taxes rolled in)......30 months lease (can be extended to as long as 60 w/out penalty).
Hi Tom. I believe that BMW's October lease program for the 2007 3-Series is the same as it was in September, but it enhanced its money factors on the 2008 3-Series. I would be happy to give you an idea of what the new program is like if you tell me exactly which model or models you are interested in.
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I am looking at comparing the following at 15k mi/yr. Not sure if the rates I note below are 10, 12, or 15k but I thought they were 15k:
2007 335i Coupe (was 24m 68% .00200) (was 36m 58% .00200) 2008 335i Coupe new rates ??
2007 335i Sedan (was 24m 71% .00175) (was 36m 61% .00175) 2008 335i Sedan new rates ??
I just had a quote on in stock unit as follows.
2007 335i Sedan, steptronic, premium, sport, cold, Sirius, paddle shifters MSRP = 47,370 Selling price = 45,440 36 months, @ 15k miles/yr. Residual $ = 28,866 Residual % = 61% MF = .00175 Payment $609 + 6% state sales tax Security deposit ?? Document fee $199 No cash down or trade equity First payment and security deposit due at signing
Just wanted to know if those September rates would stay and equivalent for 2008 since inventory is getting slim pickings now, especially if I hold out for a 6-speed manual.
Does anybody have the October money factors and residuals for the above car. I have a 08 328i convertible on order. I am sure it will not be here until Thanksgiving but I would like to know the current rates. thanks
Car_man, sorry for typo in my prior reply re 328xi MF rates; I didn't specify that I am loooking for the sedan. Also, does BMW Fin have any loyalty discounts to MF in Oct. Thanks again
Thanks car_man I have not made the deal yet, its Euro Delivery. They are longer marking up the lease rate. They are giving me the base rate. The rate was .00275+ .0003 for the Euro Delivery.
Where did you see the info for the new money factor, I have looked everywhere. BTW im getting the car for $1000 over european invoice
Including tax, title, and licensing, I was quoted $365 a month. I don't know if this is a good deal or not and I'm not sure if I can haggle the purchase price. Thank you.
I am about to negotiate leasing either a 2008 or 2007 328i sedan. Is BMW offering any dealer support for moving 2007 328s? If not, is it safe to assume I could negotiate price down to dealer invoice + $250 or so assuming dealers are trying to move the 2007s?
Is the October BMWFS money factor on a 2007 328i sedan 0.0014 (10,000 miles 36 month)? Residuals 61%?
Finally, is the October BMWFS money factor on a 2008 328i sedan 0.00165 (10,000 miles 36 month). Residuals 61%?
just ordered 335xi alpine white W/leather int/sport pkgW/18 inch wheels/ cold weather pkg/ manuel trans, from rallye bmw westbury n.y.
msrp = $45,375 selling price = $43,016 36mo. 10k per yr res.64% buy back $29,200 - $3,671 down + plates total monthly payment $554. Had to put up $1000. to start my car to be build, should be ready in 6 to 8 wks when ready for pick up i will have to give remaining $2671.down
I've leased a CPO before. I doubt the MF and residuals are posted since the cars could be a variety of model years and start out with various mileage - as opposed to new cars where the miles at the start are zero.
Good point, though perhaps the MF would be constant as I think that's more dependent on credit than car condition? How was your CPO leasing experience? Is it something you would recommend?
Leasing the CPO was easy. The only difficulty is that you are dealing with a one of a kind car - you cant check away the price with another dealer. Just verify the numbers like you would any other deal. Turning the car in at the end of the lease was a breeze, too.
Take over my lease with ONLY 1000 miles on it. The car comes with automatic transmission, sports package, paddle shift, Navigation system, real time traffic information and real leather seat. MSRP for this vehicle is $46775 and I brought it on $44500. The vehicle exterior comes with very RARE Montego Blue with Black leather interior. I purchased this beauty on 09/03/07 at Weatherford BMW Berkeley, yes, you are right, this car is ONLY 1 month old.
Monthly payment is $640 and 22 months left on current lease. Mileage allowed is 12K a year. Buyer need to pay $450 for lease transfer fee to BMWFS and of course your credit need to be approved by BMWFS as well. If you interest to take a look this car, please email me at nicky1006 at hotmail. Thanks
Hi. Wondering what you think of these numbers on a 2008 335i sedan? MSRP 49870 Price 47145 36 mos 15k per year Rate .00220 residual .61 acquis fee 775 fees: 318.00 5% md tax 2362.00 Total upfront: 3600.
$650 per month
I have negotiated acquisition fee to 625 and elimination of the training fee, but not applied to these numbers.
Does anyone know what type of discount I should expect for BMW FS loyalty program? A friend of mine got $3000 but my current dealer is not nearly as generous. I was wondering if its a flat price or a range.
Hello Abraham, I am interested in a 335i coupe, when you get a chance can you send me an e-mail with the information at integrity87@hotmail.com. Thank you.
CarMan, I am looking at a 2005 330i Convertible w/ 5000 miles. Vehicle is Certified. The BMW dealer has it listed for sale at $39,900. They said that it can be leased also. I would like to know if this is a good purchase price and if so, what kind of numbers should I be looking for in a 36 Month lease? New convertibles are just out of my price range.
I am in the market and looking for a good deal on a 2008 335i coupe with all options except active steering and active cruise control. Please e-mail the info to: i.am.mr.gold@gmail.com
Have a 2007 328i automatic coupe black exterior creme interior. Premium package automatic rear sun screen, window tints and floor mats .
I have another 31000 miles to go and the lease expires in 27 months. You can take over the lease for 550 a month. I am in Arizona. You can reach me at omersm@gmail.com
No response yet, waiting...... I am also waiting for the Money Factor to go down on the 335i coupe as well. I am in Los Angeles let me know if anyone receives any good deals on these cars. My current lease ends on Dec 12th,2007
I ordered a 335i coupe in september and it should be here in about a week or so. I am about to negotiate the lease and I need some assistance. I am in Georgia and the dealer told me the money factor on the 08 coupe was .00275 with owner loyalty. I am not sure I trust him and I think the money factor is probably lower. The total purchase price is 48,000.00. I am trying to figure out what my payments will be with no money down, 36 month lease and 15K miles. the lease on my 525xi expires this month so I thought I got a lower money factor on the second lease. Any help would be much appreciated. I hate when the dealers get over on me.
Comments
I just bought a 328xi new with premium, sport, nav, dakota, upgraded lights, cold weather package, ipod(pretty much every option they have)with an MSRP of $44,525.
I pay $557. So I would keep shopping if I were you!
335i coupe, only option is sport package for European Delivery.
MSRP: 42675
Residiual % 60
Miles 12,000
Residual Value 25,605
Term 36 Months
CAP COST 37685
Bank Fee 825
LEASE FACTOR .00345 ?????? Seems to high
Drive off of 1600
TOTAL PAYMENT WITH TAX 624.59
I was offered this and I think I may be able to do better....if that's the case, then you are def. getting ripped off....contact me for more information
-Black 335i Coupe, with Sports Package, Paddle shifters, black leather (not leatherette), heated seats, Jet black exterior. MSRP is $46,000 with options
-$2044 total out of pocket (first month's payment and all other transfer fees)
-$539/month (taxes rolled in)......30 months lease
Thanks,
Daniel
Thanks for the help
MSRP: 42675
Residiual % 60
Miles 12,000
Residual Value 25,605
Term 36 Months
CAP COST 37685
Bank Fee 625 this is down from 825
LEASE FACTOR .00325 this is a .0002 markup instead of .0004
Drive off of 1600
You're getting $5675 off MRSP on a 335i??? That's hard to believe. I think I'd jump on that if it's real. I also thought MF of .00175 was still available on '07's. .00325 is pretty high.
Tom
2007 335i Coupe, 6-spd manual
36 month lease
10,000 miles per year
Residual 61%
$4200.00 refundable security deposits
.00176 (4.224%) money factor, interest rate.
Total drive off $8578.32, includes 1st payment ($600), cap. reduction $3163.41, sales tax $245.16, license,dmv, $369.75, and security deposits of $4200.00.
Selling price $45,700.00
Base payment $556.84
Monthly tax $43.16
Total monthly payment $600.00.
Well, one thing was missing here. After calculating using those numbers, the Acquisition or Bank fee turned out to be $825. I think I've figured out the numbers.
I'm using the following formula found elsewhere here on the forum (Thank you to the contributor!!).
S = Sell price = 45,700.00
A = Acquisition Fee = 825.00
M = Money Factor = 0.00176 (this was lowered by my 4,200 sec deposit, or 7 x 600/mo. I think orig MF was .00200)
N = Term = 36 months
R = Residual = 27,877 (61% x 45,700)
P = Monthly Lease Payment excluding tax
P* = Monthly Lease Payment including tax
t = Sales tax Rate = 7.75%
Down Payment/Cap reduction: $3163.41 (to get the $600/mo incl tax)
Annual Mileage: 10K
Disposition Fee?: NO
Excess Mileage Charge: 0.15 per mile
Sales Tax: Computed on the payment streams
Capitalized Amounts: Acquisition Fee Only
Basic Money Factor Formula:
Note: Selling price - Cap reduction = $42536.59 = adjusted S
P = M(S+A+R)+(S+A-R)/N
P = 0.00176(42536.59+825+27877)+(42536.59+825-27877)/36
P = 555.51 (close enough to quote)
Tax Formula:
P* = P(1+t)
P* = 555.51(1.0775)
P* = 598.56 (close enough to quote)
Looks like I'm paying MSRP for this car, to arrive at the $600/mo incl tax. Any room for negotiations, don't know but sure will try to get closer to TMV
So, Base MSRP $40,800 plus Options ZSP + ZPP + Met Paint + Dest = $45,700 = stated Selling Price. Not good enough!
Anyone have comments on the above, please do chime in? Is it possible to aim at $1000 over invoice in CA for the '07?
(Sorry I had this posted in the Paid and Buying Exp. should really belong here)
Also, your MF is not good. Each additional security deposit should lower your MF by .00007. If you're getting .00176 with 7 securities, it means you started at .00225. The base MF on that car is supposed to be .00200, which would bring your MF down to .00151. (Also, the residual on the Coupe should be 58%, not 61%; that's the sedan).
Finally, why the Cap reduction of over $3000?
Latest published BMWFS rates (Sept 07):
2007 BMW 335i Coupe
24 Month – Residual 68% of MSRP – .00200 Base Rate
36 Month – Residual 58% of MSRP – .00200 Base Rate
Strange about that MF. Without sec deposits, the dealer quotes a) MF at .00215 when the acq/bank fee is $825, or b) .00230 when the acq fee is $625. I thought the base is still at .00200 and won't change until Oct 6.
Additional cap reduction over the std $2500 was to bring the monthly (incl tax) down to $600.
So, at this point the slicing/dicing is still based on full MSRP. Definitely will bring this down. Also sending my #'s to other dealers. Will update later.
Car_man
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You can use the formula that is described in the following article to calculate vehicles' lease payments: Calculate Your Own Lease Payment.
Car_man
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Car_man
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The dealer that you are working with is marking up BMW Financial Services' base acquisition fee by $200. You're right about the money factor. It is definitely too high. If you have not leased this car yet you're in luck. BMW just enhanced its lease program on the 2008 3-Series for the money of October. BMW FS' new 36 month buy rate lease money factor for the '08 335i Coupe is .00235. I suggest that you shop around until you find a dealer that is willing to use this money factor to calculate your lease payment. Also, make sure to find out what selling price you are being charged.
Car_man
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This is what I was offered. I did not negotiate a selling price. The quote is substantially lower (> $150/month) than all of the quotes I am getting from my local dealers...what do you think?...I already signed the lease and it will be delivered by 10/12...thanks!
New 2007 335i Coupe, with Sports Package, Paddle shifters, black leather (not leatherette), heated seats, Jet black exterior. 12K miles/yr. MSRP is $46,000 with options
-$2044 total out of pocket (first month's payment and all other transfer fees)
-$539/month (taxes rolled in)......30 months lease (can be extended to as long as 60 w/out penalty).
Car_man
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2007 335i Coupe (was 24m 68% .00200)
(was 36m 58% .00200)
2008 335i Coupe new rates ??
2007 335i Sedan (was 24m 71% .00175)
(was 36m 61% .00175)
2008 335i Sedan new rates ??
I just had a quote on in stock unit as follows.
2007 335i Sedan, steptronic, premium, sport, cold, Sirius, paddle shifters
MSRP = 47,370
Selling price = 45,440
36 months, @ 15k miles/yr.
Residual $ = 28,866
Residual % = 61%
MF = .00175
Payment $609 + 6% state sales tax
Security deposit ??
Document fee $199
No cash down or trade equity
First payment and security deposit due at signing
Just wanted to know if those September rates would stay and equivalent for 2008 since inventory is getting slim pickings now, especially if I hold out for a 6-speed manual.
Tom
What is this new enhnaced MF for 2008 328xi and the residual for 10/12k for 36 months? Thanks a lot!
I was hoping you could provide me with the 36 month residual and base money factor rate for the 2008 335xi Sedan.
Thanks,
Steve
Where did you see the info for the new money factor, I have looked everywhere. BTW im getting the car for $1000 over european invoice
Including tax, title, and licensing, I was quoted $365 a month. I don't know if this is a good deal or not and I'm not sure if I can haggle the purchase price. Thank you.
Is the October BMWFS money factor on a 2007 328i sedan 0.0014 (10,000 miles 36 month)? Residuals 61%?
Finally, is the October BMWFS money factor on a 2008 328i sedan 0.00165 (10,000 miles 36 month). Residuals 61%?
Thanks for any help.
msrp = $45,375 selling price = $43,016 36mo. 10k per yr res.64% buy back $29,200 - $3,671 down + plates total monthly payment $554. Had to put up $1000. to start my car to be build, should be ready in 6 to 8 wks when ready for pick up i will have to give remaining $2671.down
I have received the following quotes from three dealers for a 2008 BMW 328i convertible
Alpine White
Saddle Brown/Black w/Dakota Leather Upholstery
Light Poplar Natural Wood Trim
Automatic Transmission
24month lease , 15K miles per yr
STERLING SHELLY CREVIER
PURCHASE PRICE $46800 $46800 $46800
MONEY FACTOR .00365 .00325 .00350
RESIDUAL 73% 63% 73%
DRIVE OFF BASE $1353.25 $1229.55 ----
ADQUISITION FEE $825 $625 $825
LEASE per MONTH 851.49+tax ---- $685+tax
Can you tell me if these MF are way too high? and if the residual are based on the BMWFS rates.
Thank you.
I'm sorry if this is the wrong place to be posting for the M3, but it kinda is a 3-series
I have heard that BMW leases used vehicles as well. If this is true, do you know the 36-month residuals and money factors of used M3s (2005 and 2006)?
Thanks!
I went to the dealer today and below is the quote they gave me. Do you think this is a good deal?
2008 328i
auto, steptronic, cold weather pckg.
12 miles/yr
36 months
Sale price $34507
Residual 63%
MF .00180
Total due at signing $2944
Monthly payment $431.75 including tax
I also asked about multiple sec. deposits. The payment would be $414 with $5600 down.
Take over my lease with ONLY 1000 miles on it. The car comes with automatic transmission, sports package, paddle shift, Navigation system, real time traffic information and real leather seat. MSRP for this vehicle is $46775 and I brought it on $44500. The vehicle exterior comes with very RARE Montego Blue with Black leather interior. I purchased this beauty on 09/03/07 at Weatherford BMW Berkeley, yes, you are right, this car is ONLY 1 month old.
Monthly payment is $640 and 22 months left on current lease. Mileage allowed is 12K a year. Buyer need to pay $450 for lease transfer fee to BMWFS and of course your credit need to be approved by BMWFS as well. If you interest to take a look this car, please email me at nicky1006 at hotmail. Thanks
MSRP 49870
Price 47145
36 mos
15k per year
Rate .00220
residual .61
acquis fee 775
fees: 318.00
5% md tax 2362.00
Total upfront: 3600.
$650 per month
I have negotiated acquisition fee to 625 and elimination of the training fee, but not applied to these numbers.
Thanks,
Thanks!
2007 328i Coupe
Premium Package
Negotiated price: $37,700
MF = .00155
Residual = 63%
Total up front/Drive off = $1100
Monthly (with tax) = $509
I think its pretty good so I'm thinking I'll take it.
I am interested in a 335i coupe, when you get a chance can you send me an e-mail with the information at integrity87@hotmail.com. Thank you.
I am looking at a 2005 330i Convertible w/ 5000 miles. Vehicle is Certified. The BMW dealer has it listed for sale at $39,900. They said that it can be leased also. I would like to know if this is a good purchase price and if so, what kind of numbers should I be looking for in a 36 Month lease? New convertibles are just out of my price range.
Thanks,
Bob S.
I am in the market and looking for a good deal on a 2008 335i coupe with all options except active steering and active cruise control. Please e-mail the info to:
i.am.mr.gold@gmail.com
Thank you
I have another 31000 miles to go and the lease expires in 27 months. You can take over the lease for 550 a month. I am in Arizona. You can reach me at omersm@gmail.com
Thanks
Abe
shawn.farrar@gmail.com