Well if I didn’t have buyers remorse before I do now.
I think that’s even worse than the GTI deal. Wow.
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$4000 down? Sheesh.
You already signed for the deal? Is there a grace period to return? Hahah
My thoughts too… Not trying to be mean here at all, but wow. You were taken to the cleaners on this deal. That dealer must have LOVED you. Sorry…
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Here…
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Aaaaand this went from being a cool supportive community to kicking me while I’m down. Thanks, y’all.
a lot of people tried to help you before you got your car, you didn’t listen to anyone. don’t blame the people here for being honest.
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What happened to the Miata? Was it traded/included in downpayment?
I’m not looking for sympathy. I’m looking for why it’s a raw deal so I can not make the same mistake next time. It meets the 1% rule off MSRP, MF was standard, and the total cost of the lease was right around what I was planning on paying for the GTI. The Carvana suggestion was a good one. They offered me 1300 more than anyone else and the dealer was willing to beat it.
Sorry, man. There just has been a lot of really good BWM deals lately, and you only met the 1% rule with a substantial down payment.
Not to rub it in your face, but these are just examples of deals that have been offered by dealers and brokers on this forum:
eeeek! this one didn’t have a happy ending! - apart from a good start to the weekend for the dealer I guess.
OP, it sounds like you can’t get out of this deal so just sign outta here, go enjoy the car and remember for next time do not put money down and do not negotiate at the dealer. Research, research research. See you in 3 years.
Assuming your lease is for 36 months, your effective payment is 531 a month which does not meet the 1% rule. Considering it’s a loaner, that’s not good at all. I’m failing to see how the payment can be so high with base mf unless the loaner you got has like 9000 miles.
No worries Squirrel. Hopefully you consult with us before signing your next lease. Enjoy 
Incentives must have been baked into discount, making the discount not that great.
That’s what I’m thinking. Didn’t consider that. I’ll eat the loss and move on. It’s a great car at a not-so-great price. Next time I’ll just use a broker. Clearly I don’t have the skill to do this on my own.
I don’t know if you’ll necessarily need to use a broker. Honestly you just learn as you go. My first lease was a pretty raw deal too, then I got wise to it all. I think the biggest issue everyone has had here is the substantial down payment. Never recommended for a lease. If the car is ever totaled or anything like that you’re out that money, never see it again. Plus all a down payment on a lease does is just buy you a cheaper payment. Don’t mean at all to come across as mean or anything. Honestly leases are tough sometimes. You learn as you go along, and from resources like this forum. Fact of the matter is you got a nice car that you’re happy with and a payment you feel like you can manage. Enjoy the car, and then in three years use what you’ve learned.
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" I don’t know if you’ll necessarily need to use a broker. Honestly you just learn as you go. My first lease was a pretty raw deal too, then I got wise to it all."
This is exactly right. Very rarely does someone knock it out of the ball park on the first try. Hell - my first lease was/is a Toyota Tundra Limited. MSRP $48k, 48/15 lease payment of $550+tax monthly. Currently looking at trading it in (pretty close to breakeven on it luckily) just because I know its a crap deal. I learned from that one and DW’s ride is just shy of 1% for a 39/15 lease. Live and learn.
Honestly, your deal isn’t that bad, it’s better than the average deal for that same vehicle. You’d be able to flip it on swapalease easily if you wanted but you’d lose a lot of the deposit, although with the new 3 series coming out it’ll be more difficult.
A tip for next time, don’t take your wallet with you to test drive.
at least it’s a fantastic car! Love me a GTI… little pocket knife of a car!