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Car Buying Advice - 2017 X1 lease question

25atbat25atbat Posts: 3
edited June 2017 in BMW
Hi - I was wondering if this is a good deal. Based on what I have read in this forum it seems that others have received a better deal. 2017 X1 xDrive 28i Cold weather pkg, Panoramic moonroof, Sport seats Nav& Sirius radio
MRSP $40,450
Trade - $5,000
Due at signing: $1,000
Terms - 36/15,000
Residual: $23,461
MF: 58
Monthly payment: $311.93 + Mass sales tax(6.25):$19.50 = $331.43

Answers

  • 25atbat25atbat Posts: 3
    Money factor is 00.150; residual of 58 is with 15,000 miles per year 
  • kyfdxkyfdx Posts: 128,188
    25atbat said:

    Hi - I was wondering if this is a good deal. Based on what I have read in this forum it seems that others have received a better deal.

    2017 X1 xDrive 28i
    Cold weather pkg, Panoramic moonroof, Sport seats
    Nav& Sirius radio
    MRSP $40,450

    Trade - $5,000

    Due at signing: $1,000

    Terms - 36/15,000

    Residual: $23,461
    MF: 58
    Monthly payment: $311.93
    + Mass sales tax(6.25):$19.50 = $331.43

    The money factor and residual are correct.

    Do you have a selling price and/or adjusted CAP cost?
    $6000 is way too much money to put upfront on a lease.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • 25atbat25atbat Posts: 3
    Adjusted cap cost is $32,090.42. Thoughts?
  • kyfdxkyfdx Posts: 128,188
    25atbat said:

    Adjusted cap cost is $32,090.42. Thoughts?

    I get $323/mo.+tax with that CAP.

    Looks like a decent discount from MSRP. But, I wouldn't structure it with all that money upfront. They can always cut you a check for your $5000 trade.

    Without the trade equity, and just $1000 due at signing, would be about $459/mo.+tax (which is the true cost of the lease)

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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