I’m grateful I’ve come across this website. I have been looking for a BMW I4 edrive40, and have been debating between used and new. This afternoon I came across a BMW dealer here in Texas and have gone back and forth. I was presented this offer on an I4 edrive 40 with the following packages:
M Sport Package
Shadowline Package
Premium Package
Parking Assistance Package
Driving Assistance Package
2,000 down - $661
3,500 down - $615
5,000 down - $570
From my reading, I want to put down as little as possible, ideally 0. Do these monthly payments seem high or in the ball park given the price of the car? I’m not sure what the money factor is, or what the residual is, I have not heard back yet.
Thank you for your time, I really appreciate any insight you all are able to provide.
ask the MF and residual. make sure they arent marking up the MF like the other dude said. It’ll take some searching but brokers here post the calculator with a MF you can compare it to. You can also call another dealership and grill them on what the best MF is.
I wasn’t sure if the monthly payment is considered high when you factor in the 2k down minimum.
I haven’t leased a vehicle before, so I’m not sure how much a money factor that its currently unknown in this deal impacts the price.
I’m considering leasing and then buying, but I live in Texas and as I understand it I have to pay sales tax on the full price at lease, and the residual at buy out.