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      12-14-2011, 12:55 PM   #1
thashef
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Need advice on 2011 328XI Lease Deal

I just got a deal on a 2011 328xi with Nav, Premium, Value, Heated Steering Wheel, Satellite Radio:

MSRP: $42,815
Selling Price: $35,320
Residual: 71% - $30,398
Money Factor: .00185
Drive Off: $3300 (first month, bank fee, tax, down payment) ~$2013 is going to down payment according to the dealer.

Term: 27 month / 12K miles

Payment: $316

Is this a good deal or something is not right. I tried BMWConfig site, but the numbers I am getting there are way off..
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      12-14-2011, 02:27 PM   #2
btinl
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Your selling price looks good. It's less than the car I'm getting without navigation. I wouldn't give them a downpayment though. I don't see any financial benefit of giving the dealership any extra money.
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      12-14-2011, 02:59 PM   #3
thashef
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Quote:
Originally Posted by btinl View Post
Your selling price looks good. It's less than the car I'm getting without navigation. I wouldn't give them a downpayment though. I don't see any financial benefit of giving the dealership any extra money.
What are your payments looking like? If you don't mind. Using the BMW Config I am getting a payment of 260 instead of 316 based on selling price and residual.
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      12-14-2011, 03:06 PM   #4
btinl
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Quote:
Originally Posted by thashef View Post
What are your payments looking like? If you don't mind. Using the BMW Config I am getting a payment of 260 instead of 316 based on selling price and residual.
posted all the info in the main leasing thread.
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      12-14-2011, 03:45 PM   #5
Lrscpa
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Go to www.leaseguide.com, select the Lease Calculator link and enter the data.

I came out with a much lower payment, especially considering you are paying the tax up front.
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      12-15-2011, 07:25 AM   #6
thashef
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It seems like the sell price is really $37400. Using that number you get the correct number. He said that considering I was putting 2k down, he gave me the adjusted cap cost and not the gross cap cost.
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