I got a quote for a hypothetical 2016 BMW 335i lease since I just wanted to get an idea of how much it would cost without having an exact car in mind. The price was just an estimate without any negotiation. I have read on Leasehackr that the net capitalized cost - residual = payment / number of months. When the sales person gave me quote, I was really surprised of how off the numbers were.
MSRP - $50,000
Discount - $2,250
Selling Price - $47,250
Sales Tax - $1,995 (VA)
Dealer Business Tax - $95
Dealer Fees - $495
Tags and Fees - $991
Total Purchase Price - $50,810
Down Payment - $0
Monthly Lease Payment - $744.87
Annual Miles - 12000
Term - 36 months
Residual value - $30,500
Total Payments - 744.87 * 36 = $26,815.32 + $30,500 (residual value) = $57,315.32
Can you tell me if this deal makes sense? Dealer did not provide the MF.
Any help will be appreciated here.
Thanks in advance.