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07-03-2014, 11:54 PM | #1 |
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'13 E92 Alpine White Lease Transfer
Location: San Francisco Current mileage: 18K Terms: $746 / month all inclusive (after tax) $640 / MONTH EFFECTIVELY $5,250 MSD (you get back in cash at the end) Lease expiry: 6/14/2016 (21 month remaining) Miles: 10k / year Residual: $47,538 Asking: $2,000 in cash (You get net $3,250 for taking over the lease) Specs (Loaded) - Alpine White - Black extended leather - Carbon leather trim - Competition Pack, DCT, Navi / Premium Sound, Cold weather, Sunroof - All stock Condition: - Body is perfect with exception of one minor chip on the back bumper (1/4 inch) BMW will not ding you on this when you return the car - There are two wheels with curb rashes - All service done at BMW dealer Last edited by MFrancisco212; 08-01-2014 at 06:57 AM.. |
08-01-2014, 06:55 AM | #5 |
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Thanks guys! I've been getting a lot of questions on the mileage and the "effective rate" of $640 p/m
Basically the way to think about it is that I'm paying you upfront for the miles you may or may not drive. So for example if you drive less than ~6,500 miles a year for the remainder of this lease, you do not have to buy extra miles at lease end so you get to keep the whole discount to MSD I'm giving you. The monthly payment in this case works out to be ~$597 On the other hand if you drive 10K miles per year, you have to pay for extra miles, in this case, the effective monthly payment goes up to $640 because you'll be paying ~$1k to top up miles. Below is a table that shows the approx. monthly cost and the effective payment: Miles per year / effective rate 7,000 $597.4 8,000 $611.9 9,000 $626.4 10,000 $640.8 Sorry if this is not a good explaination but happy to chat offline if needed so this doesn't become a thread about mathematics. Thanks again for the interest! |
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08-14-2014, 02:48 PM | #8 | |
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Drives: 2013 Cayenne GTS
Join Date: Nov 2012
Location: NorCal
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