[azbimmer89]

Can someone tell me if this is a good lease deal for a 2016 340i

MSRP $56,345
7% off MSRP
7 security deposits for 0.00089 money factor
$3000 down
Residual 63% 15k miles

$589 a month including taxes

 

[jjrandorin]

Can someone tell me if this is a good lease deal for a 2016 340i

MSRP $56,345
7% off MSRP
7 security deposits for 0.00089 money factor
$3000 down
Residual 63% 15k miles

$589 a month including taxes

why the 3k down? that payment is not $589 a month, its 589 a month + 83.33 (the 3k down) so its really 672 a month.

 

[azbimmer89]

why the 3k down? that payment is not $589 a month, its 589 a month + 83.33 (the 3k down) so its really 672 a month.

The only reason I am giving $3000 is to lower the monthly payment closer to $550 a month.

 

[jjrandorin]

The only reason I am giving $3000 is to lower the monthly payment closer to $550 a month.

But you arent lowering it, you are just pre paying it.

 

[Dennisis]

Can someone tell me if this is a good lease deal for a 2016 340i

MSRP $56,345

7% off MSRP

7 security deposits for 0.00089 money factor

$3000 down

Residual 63% 15k miles

$589 a month including taxes

Chapman or North Scottsdale?

 

[g8orscott]

Not sure what your local taxes are but unless you are rolling fees in those numbers don't seem to add up. I'm coming up with about the same with no reduction.

 

[Jerseyal]

Can someone tell me if this is a good lease deal for a 2016 340i

MSRP $56,345
7% off MSRP
7 security deposits for 0.00089 money factor
$3000 down
Residual 63% 15k miles

$589 a month including taxes

The residual isn't 63% for 15K Miles.

 

[jjrandorin]

The residual isn't 63% for 15K Miles.

I just calculated it, and right now its 66% for 36 / 10 so that would make it 63% for 36 /15 (numbers changed july 1 to have a much higher residual than june).

 

[bmwe39lover]

with leases no money down and negotiate the price.
first month and a security if necessary, you don't buy a leased car with money down if you can't afford the payment without money down
its throwing money out

 

[mbanks21]

But you arent lowering it, you are just pre paying it.

This. You're not getting any benefit by prepaying. Put that money in the bank or use it towards the MSD.

 

[Yinzer]

Not a good deal with 3k down. Put 0 down.

 

[keylime503]

Like others have said, putting $3k down to bring a payment down makes no sense mathematically or financially. Put that $3k in a bank account if you must and pull $83.33 out of it a month. Don't ever put money down on a lease.

 

[marcohughes918]

Going to get my new 435xi GC a couple of days later.

My 4 years / 80000KM lease:
MSRP: C$68500
Discount: $6000
$0 down
1st and last month deposit
monthly payment: $769 + tax
Residual : 47% at $30855

Is it a good deal?

 

[jjrandorin]

Going to get my new 435xi GC a couple of days later.

My 4 years / 80000KM lease:
MSRP: C$68500
Discount: $6000
$0 down
1st and last month deposit
monthly payment: $769 + tax
Residual : 47% at $30855

Is it a good deal?

Unfortunately I have no idea how the pricing works in canada. I wont be able to help you with that, sorry.

 

[Dennisis]

It appears OP had a short attention span....