I’m trying to either finance or lease 2024 BMW x6 m60i
MSRP: $100,345 (dealer is willing to do 2% off)
FINANCE: $30k down payment 60 months
APR: 6.1%
I’m a daily driver but only drives about 5-6,000 miles annually
Please help!
I’d only finance it if you can write it off on tax.
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The BMWFS lease money factor, even fully marked up, is less than 6.1% so you might consider leasing, but you’d eat a $925 acq fee. Would at least give you a floor to get out of the vehicle if you don’t like it after 3 yrs. Yeah, the residual is low, but probably realistic especially if/when the used car market returns to normal. Based on your annual mileage, you could go to a 7500m/yr lease…bumps the residual by 1%.
Not sure how sales taxes work in your state, but it may work against the lease if you end up buying it at lease term.
won’t be able to write off on tax
I live in NYC so its 8.8875% for sales tax. I’m still not sure which is best decision for me. Lot of people are saying M60i and 40i doesn’t have big difference when they resale it after 3-5 years.
I’ve had a 21 X6 and wrote it off for my business no problems. I’d go with the lease. Less out of pocket and at least in the LA area very easy car to get out of. I’m waiting on the competition to arrive. What to see the options
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If you live and work in NYC and drive around the city, I’d go with the 40i since there isn’t a way to use the M60i to it’s potential IMO.
Not the OP, but what is thinking behind financing only if you can write it off?
Accelerated depreciation.
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