Looking for input on my lease deal that I am working out. Keep in mind that I’m in Texas so gotta pay those taxes.
Car we are looking at is a 2021 BMW X3 loner with the executive package (leather, heads up display, virtual cockpit, surround view, etc.) and about 2190 miles on it.
I have a lease on an RDX expiring in March (380/month 0 DAS). Is it worth waiting until March to pick up a new car for the wife or is this deal too good to pass on?
Thanks for the input. I think what you’re saying makes sense. I will probably wait it out. Of course no one knows what will happen but I’m not dead set on the car. Def open to other options.
A few things seem off here. The residual for 12k for a 2021 is 55%, so your residual is off by 2% before the mileage deduction.
Also, the registration fees are more than double what they should be. At most, they should be $210-$225 with all the tire and tax fees, but many dealerships just charge $200. The same goes for the doc fee; I’ve worked with numerous dealerships in TX, and the fee should be $150.
After all that, your discount is more like 13.7%. However, I would verify the mileage on the car. You can no longer lease a loaner before it has a certain amount of time on it or 2,500 miles, and most cars, especially an X3, reach 2,500 miles before the time has elapsed.
Thank you. This is incredibly informative. I did go to Edmunds to get the MF and residual, but I realized I inputted the residual for 15k rather than 12k.
I also did it know how to show the $1500 DAS in the calculator the way you did. Thanks for sharing.
All that said, I will try again armed with the above.
Given that OP current lease doesn’t end until March, most current lease deals suck, this one isn’t exactly great, and it has happened every year - I’d roll the dice.
