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07-11-2011, 01:27 PM | #1 |
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08 M3 on leasetrader - 13 month 970/ month $30k buyout, good deal?
I saw this M3 on leasetrader. Has anyone used the site before? Also, what do you think about the price of the car? $970.50 p/month 13 Months Remaining 2,082 miles p/month $30,206.00 Lease End Buyout I have been looking to purchase an 08 M3, and this one would end up costing me about $43,500 or so by the time I'd purchase it in 13 months. I have never leased a car before, let alone taken over a lease, would this really be about the same as getting the car for $43,500? Am I missing anything? Any insight would be greatly appreciated. Thanks! -- Justin |
07-11-2011, 05:24 PM | #4 |
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I acquired my M3 via lease takeover, and it was fine. This looks like it could be a good deal, but I would definitely have the car inspected. Note that the actual lease payment is $1,220 per month (which is astronomical for an M3), but the seller is throwing in a $3k cash incentive. He's obviously pretty motivated to get rid of the car. If you want the car but don't want to take over his lease (which I'm guessing has a high interest rate given his monthly payment), you could just buy it out now. Good luck.
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07-11-2011, 05:32 PM | #5 | |
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