Lease help

xiljustin · 11-19-2013, 10:53 PM

Let me know yours thoughts on this deal.

14' 550 Msport fully loaded.

Msrp $81200.00
Sale price $73326.78
Money .00125
Residual 12k miles 58%.
$7000.00 drive off and $688.29 plus tax at 7.5%
739.91 with tax.

calbear550 · 11-20-2013, 10:30 PM

i think it's a good deal. you're probably a good 3-3.5K below invoice, making it a pretty strong discount. did you have any incentives added to get you to this? would add to the sweetness if you did and they could add those as well. not bad in my opinion.

weissja · 11-21-2013, 11:00 PM

It's never a good idea to put money down on a lease. Either put that money into a separate account and make your lease payments from it or better, do multiple security deposits. If you total your car or it gets stolen, you don't get the down back. Good luck.

xiljustin · 11-21-2013, 11:18 PM

Great feedback - thoughts on the deal itself?

weissja · 11-22-2013, 10:25 PM

Can't really comment further because of the $7k down issue. Check with a forum sponsor like Greg or Jon and just do minimal drive offs.

11-19-2013, 10:53 PM	#1
xiljustin Private First Class 26 Rep 197 Posts Drives: 2017 X5M Join Date: Feb 2013 Location: California iTrader: (0)	Lease help Let me know yours thoughts on this deal. 14' 550 Msport fully loaded. Msrp $81200.00 Sale price $73326.78 Money .00125 Residual 12k miles 58%. $7000.00 drive off and $688.29 plus tax at 7.5% 739.91 with tax.
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11-20-2013, 10:30 PM	#2
calbear550 Second Lieutenant 84 Rep 231 Posts Drives: 2020 M5, 2020 X4MC (retired) Join Date: Nov 2013 Location: los angeles iTrader: (0)	i think it's a good deal. you're probably a good 3-3.5K below invoice, making it a pretty strong discount. did you have any incentives added to get you to this? would add to the sweetness if you did and they could add those as well. not bad in my opinion.
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11-21-2013, 11:00 PM	#3
weissja Private First Class 13 Rep 158 Posts Drives: 2014 BMW 550i Join Date: Jun 2008 Location: Los Angeles iTrader: (0)	It's never a good idea to put money down on a lease. Either put that money into a separate account and make your lease payments from it or better, do multiple security deposits. If you total your car or it gets stolen, you don't get the down back. Good luck.
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11-21-2013, 11:18 PM	#4
xiljustin Private First Class 26 Rep 197 Posts Drives: 2017 X5M Join Date: Feb 2013 Location: California iTrader: (0)	Great feedback - thoughts on the deal itself?
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11-22-2013, 10:25 PM	#5
weissja Private First Class 13 Rep 158 Posts Drives: 2014 BMW 550i Join Date: Jun 2008 Location: Los Angeles iTrader: (0)	Can't really comment further because of the $7k down issue. Check with a forum sponsor like Greg or Jon and just do minimal drive offs.
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