2020 BMW 228i GC w/ convenience pkg, heated seats
Loaner with warranty start date Aug 2020, had 2800 miles
MSRP: $41,345
Selling Price:$32,900
Monthly Payment: $234+tax
Drive-Off Amount: $3000
Months:36
Annual Mileage:10K
MF:0.00093
Residual:$23,397
Incentives:$1500 BMW rebate
(Didn’t have a car, so I didn’t qualify for another extra $500 loyalty or conquest)
Region: Bay area
Leasehackr Score: 11 years
Leasehackr Calculator Link:
Including the drive offs your monthly (before tax) is 377.33? I always mix up loaner with demo when warranty kicks in and was a little bit worried when I saw warranty start date 2020. Maybe I should rethink my next lease for a BMW.
I get an effective monthly payment of $283.56. Please, how are the rest of you calculating this?
I multiplied the after tax payment by 35. So (253 x 35). Then added the result to his out of pocket cost which was $1353. That gives me a total of 10208 over 36 months. Therefore, I got $283.56.
I am calculating the cost to him and so not including the incentives.