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#1
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Did I get a good deal
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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#2
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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. Quote:
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#3
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I agree with SANguru you should never put down money on a lease, you would have been better off throwing it out the window, you at least would have had a chance of finding it again.
__________________
"To become a member of a crew you've got to be 100% Italian so they can trace all your relatives back to the old country. See, it's the highest honor they can give you. It means you belong to a family and crew. It means that nobody can f@ck around with you. It also means you could f@ck around with anybody just as long as they aren't also a member. It's like a license to steal. It's a license to do anything" |
#4
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ouch.... that's uh, not so good. My '04 X was ~ $700/month, 39 month lease, no money down, etc. Josh is right, NEVER put money down on a lease. Take the $5000 that you put down (i'm assuming $5k was down and the rest was tax/title/fees), and divide it by the length of the lease is about $140. Tag that $140 back onto your monthly and you're at $980 a month.
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You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist. |
#5
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agree with above. plus, BMW is trying to gouge anyone leasing a 335i coupe right now b/c its so new.
__________________
Paul Seto - BMW Car Club of America National Capital Chapter (MD/DC/NoVA), Social Chairman 2002 Gray Green X5 4.4i 2007 Space Gray 335i coupe 2000 Titanium Silver M Roadster Become a BMW CCA member . Click here to join online Join our new NCC Facebook Page Support me in this year's Bike MS Chesapeake Challenge!!! |
#6
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Ouch thats WAY more then my 3.0i X5 but hey you have a new car so whats in the past cannot be changed, enjoy your new ride and forget about it
__________________
The Present: 2014 Audi Q5 TDI Prestige The Past: 2013 Lexus GS350 2013 VW Golf TDI 2007 BMW X5 4.8i LOADED & Loved 2009 VW Jetta 2008 VW Touareg VR6 2005 BMW X5 3.0i 2005 BMW Z4 3.0i 2004 BMW X5 3.0i 2003 BMW 325i 2000 Ford Explorer Eddie Bauer 4x4 |
#7
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That's a lot of cash down! Oh well if you already have the car, enjoy it to the max. Drive it like you stole it since you paid a substantial amount for that lease.
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