Quote:
Originally Posted by jmg
Quote:
Originally Posted by Poodle
Saw local dealer offering 2020 M340i at $519 monthly with $5000 down payment (30k mi for 36 months), plus DMV fee and tax. Seems significantly lower than any other cars with MSRP around 58k. Does it sound like a good deal?
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No lease with a down payment is a good deal. Ask what the % off MSRP is and then get the buy rate money factor. |
So I always have this confusion. When I directly buy a new car, I just simply slash as much as I can from MSRP, at least 10-15%, or just get OTD price to be below MSRP. But I am a little unclear how to negotiate a lease. I did hear from friends that never put any down payment, and get monthly payment at no more than 1/100 of MSRP (assuming 10k mi a year). Is this a good rule?