Working on my first lease and would appreciate the Hackrs thoughts.
Pre-Owned 2020 BMW 3 Series 330i xDrive
MSRP: $49,465
Gross Cap Cost: $42,800
Rebate: $1,750
Net Cap Cost:$ 41,050
Residual Value: 60%, netted to $29,122 (58.87%) after accounting for 2,727 miles on car
MF: 0.00136
10,000 miles/36 months
Lease Zip 06820 (Sales Tax 6.35%)
Monthly Payment: $453.85
Due at signing: $2,451.64 (1st month, Govt Fee $250, Acquisition Fee $925, Document Fee $599, Upfront Taxes $223.79)
Total Cost: $18,341.64
When I calculated the lease by hand came to $426.76. Using the Leasehackr calculator came out pretty close to the actual offer, besides upfront taxes $223.79 offer vs. $97 on calculator.
What do you think about this deal? Trying not to get ripped off on my first lease, really appreciate your feedback.