10-24-2014, 10:48 PM | #1 |
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need help negotiating new lease
I want to lease a 2015 328i x-drive for 36 mos./10k miles/year no $ down.
I was quoted $557.00/mo. including tax and 725.00 bank fee. MSRP is 53,225 sell price is 47,225. Money factor is 0.00129 or 3.09% Residual is 33,531.75 My tax rate is 8.75% Dealer wants 250.00(plates) 75.00(doc.fee)22.50(insp.fee)557.00(1st.mo.pymnt)f or a total of $904.50 to initiate lease. My questions are: due to the fact that I received this quote via-email, do you think this is an overall good deal? Do you think I should negotiate the monthly lease price down? If so, what is a good starting price? Once we agree on final lease price, what type of e-mail, guaranteeing deal price, should dealer give me, so that I may hold him up on deal? Thanks. |
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