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Is This a Good Deal on a Lease /2018 BMW 230i?

jezzercegjezzerceg Posts: 4
edited July 2018 in BMW
I am in a hurry to purchase a vehicle due to car accident. I was a previous owner of 325i, and test drove several different cars and decided to check out lease for 2018 230i, a fleet car with less than 4000 miles this is what I was getting. $504 for the lease payment with tax, license and fees included, no money down, and first payment included in the deal, for 36/12,000K deal for 35 payments. Not sure if this is a good deal as I am getting in this $3250 in rebates and some reduction in price. The residual is $20107, the MRSP on this car was $40425.00, and $34688.00 is capitalized cost. I did not get MF in this case but just not sure if this is good deal. Thank you!
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  • kyfdxkyfdx Everywhere, USAPosts: 127,848
    jezzerceg said:

    I am in a hurry to purchase a vehicle due to car accident. I was a previous owner of 325i, and test drove several different cars and decided to check out lease for 2018 230i, a fleet car with less than 4000 miles this is what I was getting. $504 for the lease payment with tax, license and fees included, no money down, and first payment included in the deal, for 36/12,000K deal for 35 payments. Not sure if this is a good deal as I am getting in this $3250 in rebates and some reduction in price. The residual is $20107, the MRSP on this car was $40425.00, and $34688.00 is capitalized cost. I did not get MF in this case but just not sure if this is good deal. Thank you!

    What is your location?

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

    Edmunds Moderator

  • jezzercegjezzerceg Posts: 4
    Southern Cal, 90046
  • jezzercegjezzerceg Posts: 4
    I test drove several cars i330, i430, x5, i230, m240i, i3, then Alpha Romeo Guilia Ti AWD, MB C300. I am used to driving manual and 325i was perfect size and handling. Now, series 2 seems better to my driving style and especially Alpha but not sure if I want to get into those waters. I do drive a lot of city driving all around LA.
  • kyfdxkyfdx Everywhere, USAPosts: 127,848
    jezzerceg said:

    I test drove several cars i330, i430, x5, i230, m240i, i3, then Alpha Romeo Guilia Ti AWD, MB C300. I am used to driving manual and 325i was perfect size and handling. Now, series 2 seems better to my driving style and especially Alpha but not sure if I want to get into those waters. I do drive a lot of city driving all around LA.

    Yeah.. you can't get a stick shift on the Alfa.

    .00166 MF and 52% residual
    $2500 lease credit

    With $0 due at signing, the payment calculation looks correct.

    Your deal seems about average. You might be able to squeeze another $25/mo. out of it.
    Unfortunately, the 2-Series has fairly low residuals, when compared to a 3-Series and doesn't lease as well.
    Though, I agree it's a nice substitute for the older 3-Series

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

    Edmunds Moderator

  • jezzercegjezzerceg Posts: 4
    Thanks a lot!
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