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2017 X5 s Drive i35

ksalas78ksalas78 Member Posts: 4
edited November 2017 in BMW
I am looking at leasing a 2017 x5 Car was demo discounted from 58,786 to 51,567. It’s has 4,765 miles on it. The term I am looking at is 36 months with 10,000 miles a year allowance. I am putting 4,000 down. What could I expect for a payment? Also is there anything else I should ask for since it was a demo. Thank you for your time.

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    kyfdxkyfdx Moderator Posts: 241,357
    ksalas78 said:

    I am looking at leasing a 2017 x5
    Car was demo discounted from 58,786 to 51,567. It’s has 4,765 miles on it. The term I am looking at is 36 months with 10,000 miles a year allowance. I am putting 4,000 down. What could I expect for a payment? Also is there anything else I should ask for since it was a demo. Thank you for your time.

    Is $58,786 the original MSRP? Or, just a previous asking price? To calculate a lease, you need the actual MSRP (and, we haven't seen any BMW MSRPs end in a 6).

    What state and tax rate?

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    ksalas78ksalas78 Member Posts: 4
    Sorry it was actually $58,770 and reduced to $51,490. 
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    ksalas78ksalas78 Member Posts: 4
    State Texas 
    tax rate 8.25%
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    kyfdxkyfdx Moderator Posts: 241,357
    ksalas78 said:

    State Texas 
    tax rate 8.25%

    Isn't your tax rate 6.25%?
    Texas taxes the full selling price, which hurts.

    .00152 MF and 59% residual, less $1200 (to account for current mileage)

    Adding $4200 for tax and acquisition fee, then subtract $3000 for the lease credit on this model, I get $664/mo, with first payment and DMV fees due at signing.

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    ksalas78ksalas78 Member Posts: 4
    Yes sir you are right about tax rate so sorry. Thank you so much for your help this has been tremendous help. It great to have someone like you available to help out. 
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