First time leasing a car. This model is not selling well in Houston, so the dealer is willing to make a deal.
I would really appreciate tips from the seasoned pros on this.
MSRP: 86,885
Sales Price: 69,195
Rebate: 7,500
Dealer Adds: 685
Sales Price with Adds: 62,380
Tax: 935.70
Acquisition Fee: 1,095
License, Reg, Fees: 811
39 Months, and 42 Months residual is 45%: 39,098.25
Down Payment: 2,500
10,000 miles/yr.
39 month payment: 816.55
42 month payment: 770.60
Per the dealer
took $17,700 off the car, added the $7,500 rebate, and gave some tax credits for a lease. Essentially the discount is about $27,500 with the tax savings.
At this point isn’t it cheaper to buy a super low mileage car 2023/24 model? than paying 30-35k in lease payments?
Ask if they have Tax credits, What the MF is and how much it is for 24 months? Also check for 7500 miles
paying extra miles at 0.25/mile might turn out to be much cheaper.
Am told march is when they will have an influx of lease returns and thus used prices should tank more.
Agreed. I think that would be a much better deal.
I did not get the detail of the tax credits, but he said they’re included in there. MF is 0.00145, which is their buy rate. Good to know about March. I’m looking to trade in my 650i, so financing with a trade-in after March may turn out to be a much better deal. Thank you!
Post your best attempt at the LH calculator
Why bother at this price?
Is this brand new 2025? or loaner? 2024? mileage?