Quote:
Originally Posted by Prissy
Quote:
Originally Posted by Hysnbrg
Could you add some more detail:
- Do you have BMW loyalty?
- Is this a car on the lot or is it a custom order?
- What region are you in - What is the lease cash for your region? Some have $1000, others have $500.
- Do you qualify for education or military rebates?
- Is this a 10K mile a year Lease?
- Are you putting MSDs down?
- What is your lease tax rate?
- Is tax included on those numbers?
- Do you know the Money Factor they used?
- What is the selling price before incentives?
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I would have to find out about those... But can't the monthly payment and MSRP decide if it's a good deal or not? |
For a $62K car, if I make some assumptions, a good number based on the deal I got for my car 2 weeks ago would come to $534/month before taxes with just first month and DMV fees due at signing.
The $534 number is also without using an OL code or student/military discount, any of which can reduce this number even more.
If this car was on the lot, you could possibly aim for $507/month with first month and DMV DAS.
So without knowing anything else, I would say this is not a great deal.
Here is the calculation I used: leasehackr.com/calculator?make=BMW&miles=10000&msd=7&msrp=62000&s ales_price=55490&months=36&mf=.00145&dp=0&dealer_f ee=0&acq_fee=925&taxed_inc=0&untaxed_inc=3000&reba te=366&resP=61®_fee=320&sales_tax=9&demo_mileag e=0&memo=&monthlyTax_radio=true
Here are the assumptions I made:
- You have BMW loyalty ($2K incentive)
- Your region has $1000 lease cash incentive
- You negotiated 10.5% pre incentives like I did
- You received base MF, and then reduced it to 0.00110 after 7 MSDs
- You are looking at 10K miles/year
- You are custom ordering a car and not picking one off the lot
- Your region charges sales tax only on the monthly and not on the complete price of the car
I think you can do better, but depending on other factors, your deal may be good.