What Kind of Deal Am I getting - Good/Bad?
Hey Everyone,
Looking to lease a 328xi Coupe ('09).
Metallic Paint
Premium Pckg
Heated Seats
Navigation
iPod
Auto Transmission
Logic 7
Re: the Lease payments, they include the down payment prior to any dealer fees, tag fees, etc.
I will do a 12k/36 mo.
Dealer 1:
@ 0 down: $650 mo. (I will likely put $7500 down, just wanted this price to compare it to my monthly payments @ $7500 down)
@ 7500 down: $394 (w/o Logic 7). Getting the Logic will add $11 bucks.
Dealer 2:
@ 7500 down: $384 (w/o Logic 7); $394 with Logic 7. (Best Deal I've received)
Dealer 3:
Giving it to me in the $425 range without the Logic I believe. I wouldn't go here. But the money factor they said was .0019. I'm assuming that is the standard for BMW Financial at the moment. The residual (If I recall Correctly) is .161
The Sticker Price of the Car I believe is $47,500ish. Dealer 1 will give it to me at just under $45,000.
Does anyone know how multiple security deposits work? And if you can pay in advance so many months to lower the overall monthly payment? I heard at Mercedes, you could pay up to a year's lease in advance, so in the long run you are saving say $1500. Could I work a little better deal than the numbers I'm getting?
I appreciate if anyone can give me feedback. Thanks!
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