I found a deal on 2020 BMW 7 series down payment is 5K plus tax and $615 for the dealer. And the monthly payment is $615 and I have 989 miles a month. For the whole 36 months miles are 35,615. Is this a good deal?
This is really confusing. Are you taking over a lease from someone or leasing from a dealer? The miles are too random to be from a dealer so it seems like a lease take over. If so, what is the âdown paymentâ for? What was the car MSRP? There is a lot of missing info
Iâm taking this from someone
The down payment is 5K plus tax
The MSRP is $72,991
I doubt MSRP is that low. Unless itâs a 5 series or the buyout is 72K.
Ask for a copy of the lease contract. You will be essentially taking over the contract with all the obligations and right signed by the original lessees.
Wasnât that thread closed? Huh.
Yup, but the car is posted on swapalease at $615/month now.
If you have to ask the question about something on swapalease, itâs probably not that great of a deal. Why not check the Marketplace for 7-series and become the first registered âownerâ of the car? Even if itâs a loaner so what⌠whatever is on swapalease was possibly a loaner before being leased to the current lessee. Also that particular guy was controversial for putting his previous (at least 3) cars on Turo and not disclosing that in his ads.
SAL is great for short-term deals and/or deals that are just obviously much better than the current market. What you posted doesnât qualify as either.
Unless the prior lessee did UC+ youâll lose the free maintenance ⌠not a deal-breaker since itâs mostly just oil changes but itâs worth a few hundred dollars
The guy started to sound fishy, so Iâm not taking it anymore. Thank you everyone for you help and tge great information .
OP not taking car and questions answered.