Thoughts on the below?
BMW X3 2019
Selling price 45500
**Monthly Payment: $500
**Cash Due at Signing: $5000 includes month 1 payment, all taxes and fees, etc
I’m NJ do you pay tax upfront and on the entire sales price? I think you have way too much money down.
It’s rough, but the numbers check out. 12% discount, guessing maybe a $1k conquest or loyalty incentive, either that or a slightly inflated mf.
I personally would be going for the loaner cars where you can probably pull off 20% off msrp.
Tax isn’t on the sales price thankfully. Based on the monthly payment. Can also be rolled into the lease
I was just wondering then, why so much cash down? OP said down payment included tax? May have misunderstood.
There’s at least $2400 in down payment there. OP is severely misinformed. Not asking for a breakdown of it doesn’t make for an educated consumer either
Tax is included in down payment .
MF .00182 residual is 58%