Dealer offered an option to lease a loaner vehicle with around 7,000 miles on it.
Located in CA.
Certified pre-owned
MSRP: $42,495.00
Selling Price: $34,887.00
Term: 36 months/10,000 miles
MF: 0.0023
The montly payment is around $530 with zero down drive off.
Do you think that’s a good deal?
Not horrible but there’s better leasing loaners than a 2GC.
You got loyalty?
nope, but i should be eligible for college grad
Specifically: JFC that’s a lot for a rebadged MINI on a FWD platform.
In general, how are you benefiting from this arrangement? A leased car, by definition, needs to be turned in (and replaced with something else) or bought out. Either way, you’re on track to spend almost $40,000 over the next 6 years and have nothing to show for it. How does that benefit you?
i’m hoping interest rates come down within the next 3 years. after that i can decide whether to buy this car out or just finance/lease another one.
there’s probably some room for negotiation to get the monthly payment for this lease closer to 400
Your current discount off MSRP is about 18%. What discount would you need to get to that $400 payment?
try to the get the selling price down by ~$2000 and maybe the money factor down by 3 basis points lol
Building off this idea, I think the question is how much do you want to drive a 228i. This is a lot of money for a small front wheel drive sedan. A Jetta GLI has a similar engine and performance for significantly less money. Granted with a less upscale interior. You could purchase the GLI and with 500 dollar monthly payments have significant equity in three years.
To me, the 228i isn’t remarkable enough to justify the premium over a well equipped non luxury competitor. But I could understand someone having a different opinion.
Hope is not a strategy. In the meantime you’ve wasted $20,000 + a presumably exorbitant cost of insurance in exchange for $0 equity to roll into your next vehicle.
Not arguing w/ your basic premise at all, but the service experience is likely very diff btw the two. I have a VW dealership 2 mi away from me, but it is so heinous there that I drive 12 mi (which, given the traffic in my area is not a small distance) to go to the much better VW service station.
I’ll likely replace my car in the next 1–2 yrs, and I wouldn’t mind getting a heavily discounted Arteon… except I don’t know if I want to continue to drive that far for service (which admittedly only occurs 1x/yr) .
A small thing, I know, but… 
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