Quote:
Originally Posted by digitalpersona
Just took delivery on a new MY2018 X5 35i
MSRP $69.8 (MW, Mocha int, Drivers Assist, Parking, 3rd row, heated everything, HK)
minus $4.5k dealer contribution
minus $3k in BMW rebates
and got about $2k above KBB value on a trade-in
final monthly lease comes out at $560/mo. for 3years @ 12k.
with zero cap reduction
only paid taxes up front (NY) + first month payment + title/reg fees
how'd i do?
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You didn't say if your trade in had equity positive/negative. So Its impossible to answer. I can just guess. On MSRP of $69.8K and no cap reduction down, (just drive offs), having a payment of $560 (before taxes as you paid them upfront) means your trade in had about $4000 of equity... That is to say that you gave the dealer $4K cash down as cap reduction....
You payment on that MSRP with best MF would mean about $650 per month...if yours is about $100 less, you had to reduce the cap by $4K.