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07-06-2010, 01:06 PM | #1 |
BMWCCA member #2429
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Lease payments
Hi, can someone please help me on a lease configuration. This can't be rocket science,but to me it is! I have a 550i on order. Dealer discounts selling price to 69,900.10k per year on 36 months.
With 5000.down they want monthly payment of $1068.00. Seems high to me. I would like to be at just under $1000.per month. Even putting multiple security deposits is doable. Can someone give me some insight here please? Thanks all. |
07-11-2010, 06:26 PM | #2 |
Ninja
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5K down on a lease? Wow that seems like a lot...
what's the Money factor and residual. what actual options do you have on the 550i. It's always better to negotiate from invoice up, NOT from the sticker/MSRP and down... current residual and MF for july is 36 Month – Residual 54% of MSRP – .00230 Base Rate the ask-a-dealer section on bimmerfest is a good place for you to start... http://www.bimmerfest.com/forums/forumdisplay.php?f=20
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07-11-2010, 07:23 PM | #3 |
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Drives: '23 i4 M50, '15 M3, '18 911
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Given the price, those lease payments sound about right to me. $5000 "down payment" is a cap reduction of about $3500. The DP includes the first month payment.
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