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Car Buying Advice - 2017 BMW 540i xDrive Lease Quote
Hello all!
I'm new here and I wanted to first express how grateful I am for all the information I've found on this website. I'd like to ask advice on whether or not I should pull the trigger on this deal.
I have attached a screen shot of my lease calculator.
Thanks in advance!
https://lh3.googleusercontent.com/-cmOgzQCMJjg/WUsRYbWWJhI/AAAAAAAA85A/PSa9lJQQYhwoxgYAMtFPPPqesacgFGfzQCL0BGAYYCw/h2048/5970892198856112452%3Faccount_id%3D04
In case some may not want to click the link here's what I have so far:
MSRP $66085
Selling Price $61050
Rebates $2000
Net Cap Cost: $59,050
Money Factor: .00150
Residual: $40,312 @ 61%
Lease Term: 36 Months
Monthly Payment: $669.54
Acquisition Fee: $925
Doc Fee: $350
DMV Fees: $563.67
Sales Tax (NJ@6.85%) $1914.04
Total Due at Signing: $4422.25
Note: Taxes are paid upfront and not rolled into monthly payment.
I'm new here and I wanted to first express how grateful I am for all the information I've found on this website. I'd like to ask advice on whether or not I should pull the trigger on this deal.
I have attached a screen shot of my lease calculator.
Thanks in advance!
https://lh3.googleusercontent.com/-cmOgzQCMJjg/WUsRYbWWJhI/AAAAAAAA85A/PSa9lJQQYhwoxgYAMtFPPPqesacgFGfzQCL0BGAYYCw/h2048/5970892198856112452%3Faccount_id%3D04
In case some may not want to click the link here's what I have so far:
MSRP $66085
Selling Price $61050
Rebates $2000
Net Cap Cost: $59,050
Money Factor: .00150
Residual: $40,312 @ 61%
Lease Term: 36 Months
Monthly Payment: $669.54
Acquisition Fee: $925
Doc Fee: $350
DMV Fees: $563.67
Sales Tax (NJ@6.85%) $1914.04
Total Due at Signing: $4422.25
Note: Taxes are paid upfront and not rolled into monthly payment.
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Comments
What options and color are on this 5 series? I would like to appraise it using Edmunds True Market Value. Edmunds True Market value or TMV pricing is a powerful tool that helps shoppers get a good deal on a new or used car. Based on actual sales data, TMV is a guide to what other people in your area paid for the same car. You can build, price and obtain TMV on any car with the link below.
•https://www.edmunds.com/tmv.html
The only thing I see that is wrong on this quote is the residual. The residual should be 62% for 36 months and 10K miles a year. The rest of the deal appears to be fair and correct but I would like to check the average selling price vs the price they offered you.
Please feel free to let me know if you have any questions.
Thanks!
Need help picking out a make/model, finding inventory, or advice on pricing? Talk to us!
I personally do not see anything that would stop me from signing the paperwork on this lease. Please feel free to let me know if you have any questions.
Thanks!
Need help picking out a make/model, finding inventory, or advice on pricing? Talk to us!