MSRP - $62,230
Dealer discount - $9,080 (I believe this includes $1000 OL code dealer was dodgy on this Point)
Loyalty - $1,500
Cap Cost - $51,740
Residual - 58%
MF - .00108 - after 7 MSDs
Due at signing (tax, tag, acq fee, doc fee-$699 first months) - $2357 + $4550 MSDs
Payment - $590.11 including (6.5% Sales tax)
Term - 36 months
Mileage- 12,000
Also, received $500 rebate for BMWCCA membership
Dealer said they would not do this deal again. Not sure what the background was, guessing they had some quotas to hit.
I completely understand but that is what the dealer told me and the numbers are as shown on the contract. Lease is through bmwfs. I got no explanation.
Forgive my ignorance, but what is this? MSD? I’m in Orange Park, which dealer/salesperson did you deal with? I’ve got a 2016 X3 with a lease ending in Nov, I’m strongly considering the m40i.
Multiple security deposits. Some areas allow one to put down refundable security deposits that reduce the finance rate on the lease. One SD equals one lease payment.
I have done this in the past and it has been worth it. We currently have an X3 that we have been leasing for a year. When we made the deal the MSD option was not available. Apparently it is available in some are areas now. You should inquire with your dealer when you get close to leasing again.