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      04-17-2012, 08:24 PM   #1
tarryknot
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Is this a good deal?

Hi,
I am new to the forum and would appreciate some feedback on what my dealership is offering me.

2013 x3 28
msrp = $51,895
Due at signing = $4,200
Monthly payment = $675.00
I think it actually works out to a 32 month lease. Forgive my ignorance in this area but its not my thing, ive been lurking and from the looks of it you all know much more than myself. Thanks in advance
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      04-17-2012, 11:29 PM   #2
CaliRubicon
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Just be aware that you can negotiate the purchase price on a lease the same way you can on a standard purchase. As far as drive of costs and payment some is based on the residual and the finance rate. Rate is referred to as money factor when leasing but should still be on par with similar rate of loan oac. Hope this helps and enjoy your new ride.
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      04-18-2012, 11:50 AM   #3
Leighton
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You don't have full disclosure from the dealer and you need it. You want all of the following before you or anyone else can judge the quality of the deal:

Annual miles - Have to be correct for your driving pattern; affects residual value and may generate high excess mileage payments at lease end if lowballed
Lease months - affects residual value and possibly money factor
Selling price - dealer has manipulation room here
Residual value - at end of lease; varies with lease months and annual miles
Money factor - Approximately loan APR/24; dealer has manipulation room here
Lease months - affects residual value and possible money factor
Capital cost reduction - cash up front reduces monthly payment but is lost if lease terminates early for any reason
Security deposit amount - adding voluntary deposits reduces money factor and therefore monthly payment
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      04-18-2012, 05:27 PM   #4
MADBMWX5MC
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Why not negotiate off dealer's invoice vs MSRP?
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