04-22-2017, 05:02 PM | #1 |
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Is this a good deal?
2017 X5 XDrive35i
Black/Terra Cold weather package Driver assistance package Driver assistance plus package plus M-sport package Premium package multi-contour seats Harman Kardon MSRP $71,220 Lease for 36 months and 10k miles / year $5,000 out of pocket (include 1st month payment, tax, fees....) $830/month Last edited by Stevenlovebmw; 04-23-2017 at 09:58 AM.. |
04-22-2017, 05:25 PM | #2 | |
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Residual Value Money Factor Selling Price Seems too high.. why you putting $5000 down? where is that money going? Find out those details from the dealer.
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04-22-2017, 05:32 PM | #3 |
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didn't ask for residual value and money factor, I thought all dealership has same on them. they told me the selling price go down to $65,000, which is the invoice with $2000 incentives. $5,000 include first-month payment, taxes, bank fees, etc.
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04-22-2017, 08:05 PM | #6 | |
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This is not correct. The 5000 includes a CAP Cost reduction of some kind which not a good thing for you. The selling price of $65,000 looks fine, but you need to pay just the fees, which is likely around 2200 dollars. The other 2800 is going to a CAP cost reduction which lowers the payment, but you lose that money on a lease if the car is totaled or stolen. A better option is to take the remaining money and purchase multiple security deposits which will be refunded to you in full after the lease is over. Also, what is the money factor? Make sure they are not marking that up over the buy rate. |
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04-22-2017, 08:10 PM | #7 | |
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04-23-2017, 10:30 AM | #9 | ||
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And they're going away altogether by the eom anyways |
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