Lease on 3.0si? Is BMWUSA accurate?

[bigx5er]

Originally Posted by ArmyOfficer

What do you guys think of these numbers? I just put a $500 deposit on it, but if there's a lot of room to wiggle, let me know and I'll make sure to get the deal right.

MSRP = $57,525

$3,000 Out of Pocket + 187.50 Massachusetts 6.25% Tax
1st Month Payment & Deposit = $1,200
Acquisition fee = $925 + 57.81 Massachusetts 6.25% Tax
New plates/registration/sticker/doc fee = $445
Total upfront cost = $5,815.31

10,000 Miles per year

$34,515 Residual


Lease payment = $565 + Massachusetts 6.25% tax = $600 per month total

What do you think? If there's any wiggle room? Invoice is $52,900 or so.

I pick up the car either Monday or Tuesday.

Thanks everyone
Johnny

Treat a lease just like a purchase. You need to get the selling price of the vehicle and the interest rate (money factor). That will tell most of the story. Shopping payment amounts is dangerous.

If this lease is through BMWFS, the are hitting you hard on the acquisition fee (marking it up) -- $725 is the base. Like the previous poster, I am not a big fan of putting that much down on a lease. Did you look at doing multiple security deposits instead?