Security Deposit: [$0]
Total Due At Signing: [$1,385.12, which covered tax, doc + 1st pmt]
Monthly Payment (incl. tax): [$233.90]
Zip Code: [15239]
Sales Tax Rate: [10%]
I was working this deal over email, and as I was getting my credit card out to give him a call to make a deposit (I’m in Pittsburgh, they’re in Maryland), he called me to tell me someone else got the deal from Ohio. Day late and a Dollar short…just my luck.
Still holding out that they cancel before the 2nd. Otherwise, whoever got it, congrats.
That’s a great deal. Passport didn’t have the car with the color/options that my wife wanted. 36/10 has a 61% residual. The car that I am buying has 3378 miles which lowers the residual from 61% to 59.6%. The difference between this deal at 64.7% equates to close to a $75/months savings compared to 59.6%. With inception fees, this payment is close to $282/month, which would be roughly $358 on a 36 months lease. I will post my deal that was made in eastern PA next week after I sign the paperwork on Tuesday on a $51425 car at 36/10k. I believe it too will be Leasehackr worthy.
This $75/mo assumes that there is no change in term, however the 64.7% is over 24 months vs the 59.6% over 36 months.
When you put both options into a lease calculator, the monthly is negligible - like $10 less to do the 24 month lease when only looking at payment. But if you’re paying anything upfront (acq, doc, etc) then 36 works out to be a bit cheaper.
I only know this because I went through this earlier this month when I picked up a 330xi loaner.
Any of those will work. Basically look for same year model vehicles with less than 5k miles. 99% of the time those are loaner/demo vehicles.
Some dealers will have them slashed already in price and you can try to get some more off. But before you walk in, run the lease numbers so you know they aren’t trying to change the deal - eg MF or change the sales price due to incentives that you don’t qualify for.
Cargurus is one of the few with a mileage slider that lets you go down to 5000. 7000 is also a decent mileage to look at as sometimes those prices are even lower, and can make up for the residual hit
