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Good Deal?
LEASE_LESS
Member Posts: 7
Hi,
I was quoted in $649 per month on a new 2019 X5 last night and need your advise and guidance please?
Zip Code 11580
MSRP $64,895
Down payment $6000
MF 0.00165
Residual 58%
12,000 miles per year
3 Years Lease
Deal include paying off 1 month lease ($539) plus $500 excess miles on my current X5 and all rebates are included.
1. Can I do better on this deal, if yes what should I target for monthly payment?
2. Are MF and Residual quoted, correct?
Vehicle is in stock.
Please advise, thanks!
I was quoted in $649 per month on a new 2019 X5 last night and need your advise and guidance please?
Zip Code 11580
MSRP $64,895
Down payment $6000
MF 0.00165
Residual 58%
12,000 miles per year
3 Years Lease
Deal include paying off 1 month lease ($539) plus $500 excess miles on my current X5 and all rebates are included.
1. Can I do better on this deal, if yes what should I target for monthly payment?
2. Are MF and Residual quoted, correct?
Vehicle is in stock.
Please advise, thanks!
0
Comments
What is your location?
What is the selling price?
Adjusted CAP cost?
Why put so much down on a car that you are renting?
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Edmunds Moderator
I do not know the selling price. The $6000 includes 1st payment, taxes and fees and I guess after that they will apply the remainder towards cap cost?
Please advise ice exactly what I have to ask for and I will. Thanks!
In NY, we recommend you pay the first payment, the registration costs, and the taxes, up front. $3000, give or take.
Anything beyond that would be lost if the car is stolen or totaled.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I went back and got three quotes, can you please advice on the accuracy and which is the better deal? Please remember I am doing 3 yrs lease with 12,000 miles per year any my prices includes all rebates and incentives. I am a current BMW lease holder. They will pay off last month lease ($539) plus excess miles ($500) and I have a disposition fee of $350.
#1 (New Vehicle)
MSRP 67,045
Selling 58,795
Cap cost reduction 2,000
Fees and Taxes 4,000
Monthly Payment $695
#2(Loaner with 2266 miles)
MSRP 64,495
Selling 55,005
Cap cost reduction 2,000
Fees and Taxes 4,000
Monthly Payment $652
#3 (New Vehicle)
MSRP 64,895
Selling 57,645
Cap cost reduction 2,000
Fees and Taxes 4,000
Monthly Payment $649
($4000 fees consists of)
1st month payment
Bank fee $925
Tax (my tax rate is 8.625 - Long Island, NY)
Motor Vehicle 75
Inspection 10
Tyre 12.50
Please let me know as they want me to sign ASAP (duh) 🙄 . Sorry for long post, Thanks!
MSRP 65,045
Selling Price 57, 650
Residual 58%
MF 0.00165
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
You need to be comparing apples to apples on your quotes.
Ask the dealers you are working with to give you a quote with only the first payment and taxes due up front.
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Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4