2018
BMW
340i M Sport
Premium Package
24mo/12k miles
97209
Hey guys, curious about this offer. It honestly seems awful to me, but hey maybe I don’t know anything. My credit is fair, it was good (724) but is now 680ish give or take a few points due to overspending my CC’s.
The amount that they want down seems high to me, the mf seems high, and while the residual seems good… why do I have to put so much down to get a reasonable payment?
Thank you all for your sage info/advice
Is this a terrible deal, or so I expect too much?
MSRP: 56,835
MF .00206
Residual 66%
End value $37,5
Cap cost $52,3
Adjusted cap $41,5 (incentives plus trade in, trade in value of 6,700)
Monthly payment $357 (with tax)
$7500 due at sign
By the way, the car I really wanted is the M240i convertible which is very similarly priced if not even a few thousand less. For some reason the monthly payment on that car came out to like $550/mo with the same money down, $7500.
I really don’t understand why it’s $200 a month more for the car I want, nor do I get why I have to put a whopping $7,500 down on a lease (plus the $6,700 in equity in my trade.)