Year, Make, Model, and Trim: 2016 BMW X1 xDrive28i
This car was a dealer demo with 5,647 miles on it.
MSRP: $45,595
Selling Price: $34,500
Rebates: $2000 (BMW Option Credit included in sale price)
Trade-in: $0
Months: 36
Annual Mileage: 10,000
MF: .00085 (Base of .00134 reduced with 7 MSDs)
Residual: 56%** (See description below of residual calculation)
Security Deposit: $2450
Total Due At Signing: $3425 (First Month, Tags, Doc Fee, MSDs)
Monthly Payment (incl. tax): $348 (includes 9.9% Seattle WA tax on the payment)
Zip Code: 98101
Sales Tax Rate: 9.9%
**Residual Calculation. BMW has changed how they calculate residual values for dealer service loaners and demos. Basically if a car has under 5000 miles, its the old mileage adjustment only; If it has between 5000 and 7499 miles, it is reduced 4% AND then reduced for the standard mileage adjustment; If it has between 7499 and 9999 miles, it is reduced 6% and then reduced for the standard mileage adjustment; If it has 10,000+ miles, it is a set value by BMWFS not related to the original residual.
In the case of my car, on a 36/10 lease the residual was 63%. Because it had 5500 miles on it, it was reduced to 59% and then subsequently reduced by another $1286 for mileage. The net residual came out to 56% of the original MSRP.
I leased from Kuni BMW in Beaverton, OR and had an absolutely stellar experience. I can’t promise they’ll give you this same kind of crazy deal, BUT, I’m happy to refer you to both my Internet Rep and CA. Just shoot me a message.
)