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2016 428i Gran Coupe Leasing Question

justme2016justme2016 Posts: 2
edited July 2016 in BMW
Hi there,

What is the MF for a 2016 428i GC at 12K miles? The car has 6500 miles. The MSRP is $50395. Selling price is $45500. Residual (61%) with depreciation for the miles is $29844. $2K down payment. Monthly payments of $475. Is this a good deal? Also, how much should the car be discounted with 6500 miles on it already?

Thanks!

Answers

  • kyfdxkyfdx Posts: 122,608

    Hi there,

    What is the MF for a 2016 428i GC at 12K miles? The car has 6500 miles. The MSRP is $50395. Selling price is $45500. Residual (61%) with depreciation for the miles is $29844. $2K down payment. Monthly payments of $475. Is this a good deal? Also, how much should the car be discounted with 6500 miles on it already?

    Thanks!

    .00138 MF and 61% residual.

    With the selling price as the CAP cost, I get $539/mo.+tax
    With $2000 off the CAP, $457/mo.+tax.
    Is it $2000 total due at signing? Or, $2000 down, plus 1st payment, etc, etc.?

    With the residual being reduced by $900, you want a price that's at least $900 less than you can get a new one. And, more.. otherwise, why get one with miles?

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

    Edmunds Moderator

  • Thanks! It was actually $4K including 1st payment, tax, license, etc. Not exactly sure how much is going towards the net cap. They actually came down to selling price of $42500, but there's two deep scratches on the front bumper that they painted over. Kinda lost it's luster. Yeah, I'm starting to wonder why I'd lease a car with miles and blemishes, when I can get a brand new one for slightly more.
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