F30 335i Lease Deal - yay or nay?
Hi, I'm new to the forum here and would like to know if I got a good deal on my lease.
BMW 335i Xdrive sedan
-M-Sport
-Estoril Blue
-Black leatherette with aluminum hexagon and estoril blue accent
-Harmon Kardon sound system
-automatic with paddle shifters
-19'' wheels
12k miles/year
MSRP - $51,720
Price - $48,020 (Invoice ~$47,00)
Incentives - $1000 (Olympics Drive Event)
(I also qualify for the recent graduate incentive but apparently it is not stackable? Can anyone confirm this?)
Deposit for order - $1000
Payment - $572.90 per month
Upfront Sales Tax - $1778.85
Acquisition fee - $725
Tire fee - $10
Inspection fee - $10
Documentation fee - $75
Tax on fees - $69
Total cash due on lease - $3240.75 + DMV fees
My math comes out to be about $550 a month which isn't a whole lot of a difference but I don't know where my math was wrong. If I pay the taxes and other fees up front, I imagine it would not change the price of the monthly lease payment. Is there a hidden charge I'm not factoring in?
This is my math
MSRP 51720
.00145
61%'
price - $48020
Residual $31549.2
48020 - 31549.2 - 1000 (incentive) = 15470.8
15470.8 / 36 =
$429.75
+$115.38 [(48020 + 31549.2) x .00145]
$545.12
Thanks!
Can anyone confirm if this is a good deal or not?
Last edited by 60sTrackStar; 08-25-2012 at 09:38 PM..
|