I’m putting together a deal with a local dealer on an X1 with all the packages, but wanted to run this by you to check it’s a good deal. This is my first lease, so I’m new to it!
MSRP: $47,195
Discount: $6,400 (13.5%)
Rebate: $3,000
CAP: $37,795 (20% off MSRP)
Acquisition: $925 (which I’m rolling into the lease)
MF: 0.00152
RV: 61%
36 months
Approx. $1700 in taxes/other fees I’ll pay upfront (I’m in VA, so sales tax is on the sales price), approx. $350/month.
I’m tempted to push for a slightly bigger discount, but I’m pretty close to being happy with what they’re offering.
13.5% off is pretty healthy. Especially if it’s a new 2017 and not a demo/loaner. If the car has the options you want than that makes a good deal great IMO.
Yes, brand new - 13 miles on the clock. Has the packages I want (excluding CarPlay, but I think that’s only on the 2018 X1), and much nicer wheels than the others they have in stock.
I signed today. I got the monthly fee wrong in my original post - it was $398/month. I ended up rolling everything into the lease and just paid first month, which ended up being $448/month. I can invest the money I was going to use as downpayment and make more than what it’s going to cost to roll it into the lease over the 3 years so it seemed silly not to.
The downpayment was going to be around $3600, but it worked out only $200 more over the 3 year lease period to roll it into the monthly payment instead.
There’s no secret to earning $200+ on a $3600 chunk of cash over 3 years really. A good savings account will basically cover it.
