Everyone: hold on to your seats!
2017 BMW 330e
MSRP: $55,850
Selling Price: $42,500 (loaner with 4,5xx miles)
Rebates: $8,500 (Holiday Cash-$3,000, iPerformance Cash-$3,000, Loyalty-$1,500, College Grad $1,000)
Price After Rebates: $34,000
Doc/Dealer Fees: $ 340
Acquisition Fee: $925
Adjusted Residual for Miles: $34,170.50
Down Payment: $614
MF: .00192 - dealer refused to give me .00152
Payment (30m/12k): $146.04 – 0.26% of MSRP
Here’s where it gets real ugly y’all:
Texas taxes: $3,254.69 /30 =108.49+146.04 = $254.53 – 0.45% of MSRP
Here is when it gets even uglier:
I had a $6,700 negative equity rolled into the lease from the car I traded in (2012 528i)
It became a little less with the tax savings but my payment ended up being $444.32 – 0.79% of MRSP.
Trading in the car hurt me in ways I cannot describe. I loved it. The 3 series feels like a downgrade even though it’s absolutely loaded. Even with all the negative aspects of this deal, I feel like I still came out ahead with a total payment 21% below our 1% golden rule.
I recommend everyone get the Leasematic App on their phones, it’s a fantastic tool to help you get where you want to be and doublecheck the dealer numbers. The calculator on here is complicated to use in real life situations.