Car Buying Advice - BMW X1 Lease

rebecca92rebecca92 Member Posts: 3
edited August 2017 in BMW
Hello, I am about to lease a new 2017 x1 and wanted to get advice on if I am getting a good deal or not as I have never leased before.

My trade was valued in at $2500 and I was going to put $5,000 cash down. The vehicle is with the m sport package so a little more $$ than base so a msrp of $42K

total down: $7,500
Mileage: 10k a year for 36 months

Monthly Payment came out to be: $334/month

I am located in California for reference.

Answers

  • kyfdxkyfdx Moderator Posts: 187,854
    rebecca92 said:

    Hello, I am about to lease a new 2017 x1 and wanted to get advice on if I am getting a good deal or not as I have never leased before.

    My trade was valued in at $2500 and I was going to put $5,000 cash down. The vehicle is with the m sport package so a little more $$ than base so a msrp of $42K

    total down: $7,500
    Mileage: 10k a year for 36 months

    Monthly Payment came out to be: $334/month

    I am located in California for reference.

    Any idea of the selling price or adjusted CAP cost?

    $7500 upfront basically means you are paying $530/mo.

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

    Edmunds Moderator

  • rebecca92rebecca92 Member Posts: 3
    edited August 2017
    The selling price was 43.5K with a cap cost of 38.5K. Would it be better to put less cash down and pay a higher monthly?
  • MichaellMichaell ColoradoModerator Posts: 183,518
    rebecca92 said:

    The selling price was 43.5K with a cap cost of 38.5K. Would it be better to put less cash down and pay a higher monthly?

    Yes - any down payment money is at risk of being lost if the car is stolen or totaled.

    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

Sign In or Register to comment.