Hi, this is my first time leasing a car and would like feedback on a lease deal I was presented the other day. I’m looking at a new 2019 BMW Z4 3.0, msrp $59,065, sell price $48,900.
Per sales rep, money factor translates to 4.5% APR (assume top tier credit) and based on 59% residual. 10K miles/year, 36 months, $1K down comes out to $665 monthly with all taxes and fees rolled in.
I’m in TX and car sales tax is 6.25%, I think sales tax here is based on the total purchase price of the car, not the lease payment.
Thanks in advance for any feedback, I appreciate it!