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Okcvwbugguy 09-29-2006 09:25 PM

Did I get a good deal
 
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.

SANguru 09-30-2006 12:37 AM

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:

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.


dr.jay 10-03-2006 02:35 PM

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.

Thunder22 10-08-2006 08:25 AM

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.

pseto 10-08-2006 08:28 AM

agree with above. plus, BMW is trying to gouge anyone leasing a 335i coupe right now b/c its so new.

blondboinsd 10-08-2006 01:42 PM

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

AzNMpower32 10-08-2006 07:05 PM

That's a lot of cash down! :thumbdown 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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