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So I've been going back and forth with a couple local dealers on a X5 for my wife. I was originally planning to purchase but now I might lease because it seems like my wife's getting a new car every few years. I have never leased a vehicle before so I'm learning on the fly. Here's what seems to be the best deal that I've been offered:
12K/ 36 Month Lease
MSRP $65,695
Sell Price $57939.40 (including all discounts)
$2102.95 due at signing (first month payment, fees, etc)
$708.60 base payment + sales tax = $758.20/mo.
.00160 money factor - .00020 reduction (corp discount) = .00140 money factor
Residual value (57% of MSRP at 12k/yr.) = $37,446.15
If we go to 15k/yr. the residual decreases to 55% of MSRP, which would raise the payment approximately $40/mo.
If you guys could provide some feedback on this deal I would appreciate it. Like I said, I've never leased before but it seems like a good deal to me.
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