that's a HORRIBLE deal. 1) never put $ down on a lease. instant $ down the drain. 2) 50% residual after 3 years.. ouch..
don't roll cars over especially if you are upside down. Sell it yourself.
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Originally Posted by Okcvwbugguy
335I
Gross Capitalized Cost. 44164.00----List price 44,495.00. (500.00 discount)
Cash Down.7093.55
Capitalized Cost Reduction. 7093.55
Adjusted Capitalized Cost. 49554.45
Residual Value. 25807.10
Depreciation. 23747.35
Rent Charge. 6511.37
Total of Monthly Payments. 36-15K per year
Base Payment. 840.52
My 02 X5 base model that was valued at 22,000.00 and I owed 33,500.00. I just wanted to see what every one though about the number above. I know the payment is high! I wanted to get out from under my car. It felt like my car was in the shop over and over. I bought my car 7 months ago and only put 6,000 miles on the car with a total of 49K miles, before the trade on the X5. I though this was a good/bad idea to step away from the car in 3 years. Please post any comments.
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