QUOTED LEASE 36mos/12k miles/5k down

vnarodetvnarodet Sunny Isles Beach, FLMember Posts: 3
edited November 2020 in BMW
Hello,

Looking to lease 2021 BMW X6 with M-Package/Premium Package Model

Quoted the following:
MSRP: 74,445
Adjusted Cap: 72,479
Down: $5,000
Residual Value: 40,200
Proposed Payment: $1106

What is the money factor and any incentives I can take advantage of (amongst other negotiation tools you may offer :)) - my location is Miami, FL (33160). Car is located in Naples 34110

Comments

  • kyfdxkyfdx Moderator Posts: 200,990
    vnarodet said:

    Hello,

    Looking to lease 2021 BMW X6 with M-Package/Premium Package Model

    Quoted the following:
    MSRP: 74,445
    Adjusted Cap: 72,479
    Down: $5,000
    Residual Value: 40,200
    Proposed Payment: $1106

    What is the money factor and any incentives I can take advantage of (amongst other negotiation tools you may offer :)) - my location is Miami, FL (33160). Car is located in Naples 34110

    X6 40i?

    What term and mileage allowance?

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  • vnarodetvnarodet Sunny Isles Beach, FLMember Posts: 3
    2021 X6 SDrive 40i
    36 mos
    12k miles per year
  • kyfdxkyfdx Moderator Posts: 200,990
    vnarodet said:

    2021 X6 SDrive 40i
    36 mos
    12k miles per year

    .00082 MF and 54% residual
    $500 lease credit

    With $5000 upfront, that adjusted CAP is pretty high.. (meaning a lot of garbage fees, and a very small discount, if any)

    Also, it appears they've marked up the money factor, as I get $1058/mo, with that adjusted CAP.

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  • vnarodetvnarodet Sunny Isles Beach, FLMember Posts: 3
    They confirmed .0012 MF! negotiating that down. What is the target cap I should aim for to consider this a good deal? 10% off MSRP? Thanks for the advice!
  • MichaellMichaell ColoradoModerator Posts: 196,604
    vnarodet said:

    They confirmed .0012 MF! negotiating that down. What is the target cap I should aim for to consider this a good deal? 10% off MSRP? Thanks for the advice!

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