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View Full Version : A good lease or not?


Matt&Jen
03-05-2007, 03:05 PM
This is what I got from a dealer in my area (IE). Let me know what you guys think (yea) or (nay)

Monaco Blue
Leather Ette
Xenon Lights
Privacy Glass

Cap Cost 38,772.00
Bank Fee 625.00
Total Cap 39,397.00

MSRP 40,320.00
Residual 26,208.00
Total Dep. 13,189.00

M/F Rate .00220
36 month
15K Year

Total drive off 875.02
Total monthly payments $550.27 w/ tax

BiggieJ
03-05-2007, 03:38 PM
my fiancee just got one over at savage. how much did you pay over invoice? also you might want to look into getting mulitple security deposits (MSD). for my 24 month/15k lease with max MSDs its saving us about a thousand dollars....pretty good return on your money. :thumbup:

i think our deal was something like:

24months/15k
Xenon
PDC
premium audio upgarde (which is crap BTW)
privacy glass (which is crap also. i suggest not getting this and go aftermarket youll save money for a better product)
also you should maybe look into getting the cold weather package. i know it doesnt get cold here in the IE but its only few more dollars a month.

i dont remember the cap. but it was 500 over invoice.
Money factor - .002 (i locked this rate back in dec. reduced to .00151 with 7 MSDs)
we did put some cap cost reduction down which people will poop on that idea but it was no big deal.

anyhow our monthly payments are 348.00 a month.

if you need more detailed info let me knwo i just dont want to go through the peper work.:D

SFX3
03-05-2007, 03:48 PM
I have no idea if thats a good lease price or not but you sure are getting a bare bone car for a lease.

Matt&Jen
03-05-2007, 03:54 PM
I haven't bought anything yet. The quote was also from Savage. I bought a car last year from them which went well, but this seems high for a basic model X3.

Matt&Jen
03-05-2007, 03:57 PM
The car is for my Mother in-law who does not require all the glitz and glam. She just wants a great driving car.

kjboyd
03-05-2007, 06:15 PM
Can I ask why you are looking at SUVs then? There are less expensive cars that don't have glitz and glam that will likely serve her much better than an X3.

Parker21
03-05-2007, 07:35 PM
The dealer is making a profit on the money factor...should be .0020 unless it changed in March.

Matt&Jen
03-06-2007, 06:34 AM
Can I ask why you are looking at SUVs then? There are less expensive cars that don't have glitz and glam that will likely serve her much better than an X3.

Because that's what she asked me to help her with. She already drives a 3 series, and likes how a BMW drives. So basically she is buying the driving experience of a BMW.

Tucsonbmw
03-06-2007, 07:27 AM
Hey,
I have the same payments as you but i have:
nav
leather
sport pack
dsp
xenon
msrp 45800

I put 2500 down and have a 4.5% MF whatever that works out in decimals. my payments are 550/month for 36/10k a year. I think for your car since it is about 5k less your payments should be about 480-525 range with tax.

Sean