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Lease terms on 2015 BMW X5
Just negotiated the terms on a new lease. Wondering if these are good terms or if I can do better.
MSRP $58300
Sales price $55180
Money factor: 0.0013
Residual on 10k per yr: 60% (34,980)
Down: $4000 with 1500 Cap cost reduction
Monthly payment 634 before taxes
MSRP $58300
Sales price $55180
Money factor: 0.0013
Residual on 10k per yr: 60% (34,980)
Down: $4000 with 1500 Cap cost reduction
Monthly payment 634 before taxes
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Comments
Decent discount (for an X5) from sticker - Good
We don't normally recommend making any sort of cap cost reduction on a lease - if the car is stolen or totaled, you lose that money.
What is the rest of the up front cash going to?
Overall, looks like a decent deal.
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