Quote:
Originally Posted by Former USMC
Greetings,
What's the MSRP? What you buying it for (invoice)? Money factor rate? And residual after 3 years?
Personally, I would never put any money down...ever.
Semper Fi
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Quote:
Originally Posted by Crisp
+1, especially on the second part.
All you're doing is pre-paying your lease payments by putting down a down-payment. I would pay only taxes and DMV fees, nothing else. The only form of "down-payment" that would truly provide cost savings would be multiple security deposits which you can get back at the end of the lease.
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The US MSRP (per bmwusa.com) is $37,675 (sport line + tech package). I believe the residual value after 36 months is something like 60% for 10k miles per year. Dealer noted $31,895 selling price. After sales tax, registration and other fees it comes out to $35,168.
With $892 due at signing it's $405 a month and with $2500 due at signing it's $356. I take it that the $2500 includes some money down (which I know is not recommended). I would rather put that money toward lowering the MF (which I'm not sure what it is at this point).