| morecowbell |
01-16-2009 11:04 AM |
Quote:
Originally Posted by us_matrix
Congrat!
Sounds like a good deal with first month payment to drive off. What is the MSRP and how much discount they gave you? Money factor and residual if you could share these information.
Mugen
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Sure:
I negotiated that the dealership will make the final 3 payments on my current lease. The total of those payments come to 2418. Add that to your cap cost. (This makes your calculations a bit convoluted)
MSRP 70,720
MF .00155
Residual 59%
36 months
10k Miles
Payment comes to $892 per month, total.
Drive off comes to $2682, inclusive of Bank Fee, 1st month, and upfront payment of taxes, etc.
I then pay BMWFS $2418 directly to pay off existing lease.
(To make it simple...without the 3 payments inlcuded in the deal, it would come to $820 per month + tax and about $2400 out of pocket)
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