I would like to share my research info based on my recent lease deal in south FL. i hope you find this info useful.
- Always try to negotiate for the best Net Capital Cost (MSRP-Dealer Savings-BMW Incentives (Monthly promotion+College grad (if it is applicable)+Military+fleet discount etc)
- Residual (62% for 10k miles per year)
- Money Factor (std rate. 3.12). You can lower the rate by MSDs (7) + if any fleet discount
Based on Sonic pricing just to have an idea…
NCC: $42,037 (9.5% off of MSRP 46,195)
MF:
std rate (for 720+ credit score): 0.0013 (3.12%)
7 MSDs: (0.00049)
Final MF: 0.00081 (1.944%)
Residual: 46,195*0.61 = $28,178
Depreciation: $384 (42037-28178)/36
RentFee: $60 (46195+28178)*0.00081
Acquisition & Doc Fee: $45 (925+699/36) (please adjust doc fee of 699 as per your state…for e.g.in CA it is reglulated and no more than $85 i beleive where as in FL it is a min of $699 (rip off))
Total w/o tax: $489
SalesTax: $ (i am not sure…so please add tax)
Total Monthly Payment: $500+
Total due on delivery: $
(MSDs: 7*550 : 3850
Cashdown Tax :
FirstMonth :
Registration :
Misc. Fee
I am not sure if $400 sign and drive is possible. Please think of MSDs instead of down payment. MSDs are refundable.
One more useful link since you are looking for ~$400…
https://evolutionlease.com/cars/bmw-228i/
$375+Tag+tTax+BankFee ($925…wild guess) can be rolled into monthly payment.
I have no ideas of MSRP and incl. packages for $375 monthly payment
David/Daniel are good and no nonsense team. Contact# (786) 565-5035
***I am neither affiliated to Evolution lease nor promoter of their business.
Good luck!