Quote:
Originally Posted by DefBringer
Now I am no newbie to leasing cars, but I am really confused why I am reading about people paying $700+ for their 335 leases when BMW is currently offering:
$509/mo
$509 First month's payment
$2,500 Down payment
$550 Security deposit
$3,559 Cash due at signing
"Monthly lease payments of $509.00 for 36 months based on MSRP of $42,850.00"
So if we throw in sales tax and option that car up a little bit so that it's a sale price of $45,000, push miles to 15k, you should still be in the low $600s as a monthly payment. Playing around with a lease calculator and the money rates posted in the forum further convinces me.
What am I missing here? Why are people laying down $700+ for a lease payment when you can buy the thing for not a lot more?
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Some people aren't putting any cash down and not paying any security deposit. And the dealers I've talked to raise their MF if you don't put down a security deposit.