[Ph0zenstone]

Upgrading from E92 and not familiar with leases so wondering what you guys think? Any advice for a first time leasee would be appreciated!

2014 535i X-drive
MSRP - $71,335
Sale price - $55,395
CPO - 8,950 miles
Premium package
M-sport package
Driver assistance package
Cold weather package
Dynamic handling package

Lease payment would be $590 (tax upfront) a month
36 month lease and 10k miles per year. $3,610 due at signing. This is based on the $55,395 sale price which I am trying to negotiate further downward

Also is it worth it to trade in my old car (i.e. does it affect the lease payment/taxes much)?

[NewM3driver]

should be able to get a new car for that if you bargain hard. CPO never lease well

[Das Johnson]

nah, I wouldn't. You'll find a better deal probably not that far away. Plus I just wouldn't lease in general (most expensive way to own a vehicle) but each to his own i guess, your money.

[mpress]

my new 2015, lease on a 72K 535, was LOW 7s everything rolled in just first month and motor vehicle at signing, I'm below 750/mo with 15K miles a year and i rolled the BMW wheel and tire insurance ($1550 into my payments… but i took deliver from dealer inventory right after xmas..so benefitted from all the end of year offers…

but with 2014s and 2015s out there especially in our area (i see your from ny) you should deb able to do better.
mp

[Ph0zenstone]

Yeh on a brand new 2015 model I got quoted $674 a month before tax on a $68K MSRP. MF of .00110 and residual 62%. Sale price is $65,030 which is 1.5% over invoice

the 2014 CPO I mentioned in the OP is $590 a month before tax. No negotiation on MF or residual (or even sales price for that matter) since its a lease special

Didn't realize NY doesn't allow MSD's

What do you guys think?

[BigKutta]

Its not a great deal. You may be better off with a new 2015 for a couple more.

I dont know much about leasing, but either way, trading is never a good idea if your car is in good saleable condition. Its just another lever for the dealer to use to fleece you. I keep financing, trading etc out of the equation when i am negotiating a car, and focus on price

[Ace333]

I work in the automotive industry as a supplier for all the OEM's. Being in the industry for over 15 years my suggestion is NEVER put money down on a vehicle. Sure it generates an overall lower payment but forces you to part with a chunk of change up front. Most dealers will roll in and overtime I believe its best route vs paying thousands up front. I have never put money upfront on any of the cars I buy or lease. Basically your paying $742/month. Pretty pricey for only 10k miles per year.

[Ph0zenstone]

Correction: the $590 is with tax already paid upfront and included in that first month payment of $3,610. So essentially zero down and they just offered me $550 month using a residual of 62% and .0013 MF. What do you think?