11%off MSRP+base MF. Paid all the fees upfront, $2272 down, 0 MSD.
Rebates: $3500
First time lease, I learned a lot from reading through the forum. Thanks for all the information! Hope it’s not too bad for a 1st timer. please share your thoughts.
Next time put the money in MSD’s instead of down payment.
On a side note:
I think a M340i deserves more than 225" rubber on all 4 corners! At least 255’s on the rear. Curious who is in charge ordering these at the dealership.
The highlights of the deal is a very respectable discount and getting buy rate on the MF. Down should have gone towards MSDs; your monthly would be slightly higher but you would get the cash back upon lease return.
Living in socal, take the all season tires off now and get some proper tires for the vehicle. Then you’ll have a nice set of all seasons to remount when you return the car.
Definitely a pit fall of price shopping, when you put money down to make the monthly look better. But hey looks like you learned for next time and this was a solid deal!
Very nice car, congrats! FWIW, if OP ever tried to get out of his lease after a year or so, he can probably ask for $3-4k DAS and get most of his drive-off back that way. I personally know many people who have been able to get this kind of DAS on Swapalease many times on this car for a sub-$500 pre-tax payment. And let’s not forget, his payment is ~$469 pre-tax, which a lot of people would jump all over.
Looks like it’s $2,272 cap cost reduction and $2,728 drive offs (acquisition fee, doc fee, first month’s payment, tax on incentives, license, registration)
Which is $5k das. Doesn’t matter if they capitalize the fees and put the entire $5k as a cap cost reduction or if they pay all the fees up front. They can bookkeep it however they want. $5k is $5k.
I’m guessing the 500 was just the OL code on top of the dealer discount. I believe either way it should all go into the selling price within the calculator with the 2k down in incentives. If too large of a down payment is the only mistake you did on your first lease you should be happy. Overall this is a great deal.
For sure! I wouldn’t sweat it too much since because nobody is pointing out the usual issues with bad leases (allowed for the dealer to mark up the money factor, poor discount off MSRP, etc).
Right… I’m not saying it’s not $5k DAS lol. I’m breaking it down accurately. Can’t be $3k for just tax and registration (which is the comment I was replying to). The post also isn’t clear that it’s $2,272 towards cap cost and $2,728 towards standard drive-offs, which include a bunch of things other than tax and registration. And yes at the end of the day, $2,272 + $2,728 = $5k DAS, which is what OP paid. But it helps others reading to understand what that’s comprised of.
