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Old 07-01-2012, 01:25 PM
Chapter11 Chapter11 is offline
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Location: houston
Join Date: Jul 2006
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Mein Auto: C6
Please help me evaluate this deal

So here is the offer on the table for me:

1) 2012 X5D (sports activity package, premium, premium sound, sport package, space saver spare). Sticker is $67,045. Lease price is $56,500 - they are giving me tax credits (i.e. no sales tax). $951 down - $690/month (36 mo lease) - 10k miles year.

2) They are also willing to buy my trade - a 2008 M3 Sedan - 12,500 miles, new rear tires. This was a pretty base M3 (jerez black, premium package, HD radio and that's it). Sticker was $59,650 in October 2008. They are willing to give me $40k. This deal is separate from the X5D deal - just helps me avoid having to sell elsewhere

Thoughts on either of these?
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Old 07-02-2012, 11:55 AM
jashearer jashearer is offline
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Location: Gold Coast QLD -> Des Moines, IA
Join Date: Nov 2011
Posts: 750
Mein Auto: Holden Wagon & Sedan
I'm not a leasing expert, so I'm not going to be helpful in determining if you are paying too much in finance charges, but the $56k price seems good. That has to be close to invoice less $4,500 eco credit.

Also no opinion on the M3 "trade-in" quote. I had a '10 coupe DCT as a loaner one day and I think they wanted $55k for it with similar miles. The sedan is definitely going to need the right buyer, the miles are crazy low, but only losing $20k depreciation in 4 years seems pretty decent to me (assuming you paid MSRP).

Do you get any tax help with the "trade-in"? Not sure how taxes for leases are handled in Texas (or any state for that matter).

Rover - 2013 Holden Commodore SV6 Sedan
Clark - 2013 Holden Commodore Sport SV6 Wagon
Brumby - 1955 Holden FJ Ute
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Old 07-02-2012, 02:20 PM
georgejm georgejm is offline
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Location: Louisiana
Join Date: Apr 2010
Posts: 642
Mein Auto: BMW X5 35d
No car salesman here but $40,000 sounds like a great deal for you. I think you would want to take that ASAP.
2012 X5 35d AW/Black Dark Burl
Spare Tire-Comfort Access-Running Boards-Roof Rails-335 Wheels-Auto High Beams-Smart Phone Int.
Mods : Clear Bra-Radar Hard-wired
So far so good-made on Wednesday
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Old 07-02-2012, 02:54 PM
Lance Alot Lance Alot is offline
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Location: San Francisco
Join Date: Sep 2007
Posts: 375
Mein Auto: 2012 BMW X5 35D
I'm certainly no expert, but those both sound good to me. I just took delivery of almost the exact same vehicle, and my price was right around $56K with one additional option (HUD). I ended up getting $2500 in credits in addition to the Eco-credit and paid $500 over invoice otherwise, so you sound fairly close to that. I pay California's ridiculous sales tax though, so that's another 8 pct on top of that. Keep us posted, and good luck.
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Old 07-03-2012, 10:17 AM
tonka858 tonka858 is offline
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Location: san diego
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Posts: 351
Mein Auto: 2015 Golf R
if you don't drive that much why not get less miles to cut your payment can always buy more miles before the lease runs out if needed, at 16 cents a mile.
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