11-15-2012, 04:02 PM | #1 |
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Lease Quote: M3 money for a 335xi M-sport?
What do you guys think about this quote?
2013 BMW 335i xDrive M Sport Line Cold Weather Pkg Premium Package Driver Assistance Pkg Technology Package Dynamic Handling Package Rear-view camera Heated front seats Park distance control Navigation system BMW Apps Harmon Kardon surround BMW Assist with enhanced Bluetooth and USB MSRP $60k Lease, 36 Months, 18,000 miles/year Monthly (incl. 8% tax): $821 Total Down: $2630 Really? |
11-15-2012, 04:18 PM | #3 | |
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11-15-2012, 04:23 PM | #4 |
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18k per year is a lot in terms of mileage, I'm not sure what residual they'll use to calculate that, honestly with that much mileage leasing probably doesn't make as much sense as buying it out right would and selling it when you're ready to move on. You aren't getting the benefit of a high residual and even though your payments would probably be close to $1k/month, at least when you're ready to sell the car you'll get some of that back.
It sounds like you could probably still get a bit out of it, without doing all the #'s ~$750 sounds like it'd be close. Ask to see what money factor they are giving you, along with the cap cost of the car (IE what they're actually selling you the car for). Just keep in mind at that point, you're putting almost $33k into it after 36 mos, which means purchasing it outright and selling the car afterwards would probably be a better bet. Also keep in mind that if you put 54k on the car, you'll probably need to purchase (or want to purchase) a pro-rated extension on the warranty to cover your ass in case anything goes wrong at 52k.
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11-15-2012, 04:44 PM | #5 | |
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Seriously, what are the odds of that? He's going to get an extended warranty package "just in case" he uses up the last ~7% of this mileage limitations, and "just in case" something goes wrong during those last few miles? Seems like a great way to throw away good money to me. |
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11-15-2012, 06:12 PM | #6 |
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PeteNJ,
What dealership did you deal with? $60k msrp for around $575/mo with $0 down sounds great. I'm looking more in the $54k msrp range and would be thrilled to get a monthly around $500 or less on that. My last had a monthly of $660 at $50k.
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11-16-2012, 05:19 AM | #7 |
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11-16-2012, 05:20 AM | #8 | |
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With BMW, the odds are HIGH! |
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