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BMW 540i lease
Hello, would you please let me know what you think about following deal on a 2018 540i lease?! Should I move forward?! Thank you.
36 months
10K miles
MSRP: 62,015.00
Discount: 7,966.00
Selling Price: 54,049.00
Tax: 4195.00
Smog fee 20.00,
Registratio: 583
Doc fee+weight fee+filling fee=167
Balance due: 58,994
Downpayment: 1,995
Monthly Payment: 597
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Answers
That looks like a purchase quote, rather than a lease quote.
Which state is this?
Is $1995 the full amount due at signing? Or is it $1995 + 1st payment, etc..
Are you a current BMWFS lessee?
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Add in $925 for the acquisition fee.
So, the $1995 consists of:
$597 1st payment
$770 in DMV/doc fees
$270 upfront sales tax on rebates (assuming 9% rate on $3000)
$1637 total..
We'll assume the other $358 is CAP reduction. We'll reduce that by upfront tax, so the applied CAP reduction will be about $328/mo.
Adjusted CAP cost =
$54049
+$925 acquisition fee
- $328 CAP reduction (from excess upfront money)
= $54,646
I get $608/mo+ tax, with that calculation.
If your $597/mo. includes tax, that's substantially less.
Looks like a very cheap lease payment for that vehicle.
Of course, if they gave you the actual adjusted CAP cost, I'd be estimating a lot less..
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