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      10-31-2014, 10:12 AM   #1
Kylecb5431
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2014 lease. Need advice!

Hi guys. I currently own a 2012 m3 and looking to get into a bigger boat. I am new on leases and pretty young and do not have a lot of experience. I have read a lot and think I have a good deal. Please advise.

Msrp $115,425 (comp, exec, b&o, lighting, driver assistance, lighting)
Misc $625 of mats locks interior warranty etc
Rebate $1,500
Total selling price $100,123 (13.5% discount)

Filling and doc fees $289
About $1,000 in neg equity in m3 trade in

36 month 10,000 miles
MF .00129
Res 61%
Tax of about 9.5
Lease payment $1,156 with $5,000 down.

Please give me your thoughts. Deal probably only good today.

Thank you!
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      10-31-2014, 10:21 AM   #2
E90potentialbuyer
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Quote:
Originally Posted by Kylecb5431
Hi guys. I currently own a 2012 m3 and looking to get into a bigger boat. I am new on leases and pretty young and do not have a lot of experience. I have read a lot and think I have a good deal. Please advise.

Msrp $115,425 (comp, exec, b&o, lighting, driver assistance, lighting)
Misc $625 of mats locks interior warranty etc
Rebate $1,500
Total selling price $100,123 (13.5% discount)

Filling and doc fees $289
About $1,000 in neg equity in m3 trade in

36 month 10,000 miles
MF .00129
Res 61%
Tax of about 9.5
Lease payment $1,156 with $5,000 down.

Please give me your thoughts. Deal probably only good today.

Thank you!
That's big tax number. Tax on whole amount? Believe in NJ it's only on the value of the car during lease period.
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      10-31-2014, 10:22 AM   #3
Kylecb5431
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$5,255 total tax
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      10-31-2014, 10:39 AM   #4
Kylecb5431
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Lease tax in IL where I live is on the sale price of the car.
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      10-31-2014, 11:14 AM   #5
bruza
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The issue I see is the $5,000 downpayment. Never put anything down on a lease.

Aim for Multiple Security Deposits instead.
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      10-31-2014, 07:02 PM   #6
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Not a very good deal, sounds like they aren't really working it right now hoping you will take what they are trying to sell you as a good deal..
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      11-02-2014, 08:50 AM   #7
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I hope you locked it in. Residual dropped 4 points as of 11/1.
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