Quote:
Originally Posted by usmabmass
Hi everyone! I'd love your input on this quote I received. I have to be honest I'm not super thrilled but would love your advice.
This is to replace my wife's '16 X1. I'm leaning toward getting her into the 3, while she's also considering just buying the X1 - she loves the size but I dont like the lack of surround view / etc for her.
Thanks!
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Thank you for taking the time to talk.
Below are the lease details:
Amount Due at Signing
1st Month Payment 652.46
Security Deposits 0.00
Acquisition Fee 0.00
IL Fees & IL Plates 400.81
Upfront Taxes 0.00
Cap Reduction (Cash) 4,000.00
Total Inception Fees 5,053.27
Rate Information
Disclosed Rate 0.00208
Residual Information
MSRP 53,745.00
Residual (Base) 57.00
Residual (Bump) % 3.00
Residual (Bump) $ 0.00
Additional Miles Adj. (0.00)
Odometer Over Adj. (0.00)
Total Residual 32,247.00
Purchase Option 32,247.00
Capitalized Cost Breakdown
Option Price 299.00
Total Selling Price 52,044.00
Acquisition Fee 925.00
Fees & Insurance 0.00
- Cap Reduction (Cash) 4,000.00
- Trade In 0.00
- Customer Rebate 2,000.00
Total Capital Reduction -6,000.00
Capital Cost 46,969.00
Capped Taxes 2,092.87
Total Capital Cost: 49,061.87
Tax Breakdown
Type Amt Rate Paid
Upfront Tax 2,092.87 7.0000 Capped
Mileage Information
Allowed Miles Per Year 10,000
Mileage Program 10,000
Add. Purchased Miles per Yr 0.00
Additional Miles Chrg 0.20
Total Mileage Chrg 0.00
Total Mileage Allowed 30,000
Excess Mileage Chrg 0.25
Here is the lease buyout on your X1 that we can help you with:
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Terrible deal.. A very loose rule of thumb is to aim for a monthly payment close to 1% of MSRP.. unless I could get under 550 monthly with 0 down, I would not do it..this is regardless of brand new model or not.. BMW 3 series are dime a dozen, I would just shop around.. but I also understand it depends on how badly and how soon you want to get into a new car..Also, I think base MF is 0.00188 and like the other poster said, it is recommended to go 0 down on leases