How's this deal?

[fq1]

Originally Posted by canesr1

Blue '08 M3 coupe. MSRP 67,200. It's a demo w/ 300 miles. Dealer will sell for 61,985. Is this a good deal? He also said I could lease for $847(incl. taxes!) a month with only $1834 out of pocket(36 months/12k miles per yr.) The money factor he quoted me was .0025
This "normally" would seem like a pretty decent deal, but in this market today how does it stack up??
Thanks and hoping to rejoin the M Group soon.( I totalled an '05 m3 convert with only 5k miles ),

Canesr1

Can you share which dealership? I might be interested in it since you have decided against it.

[IS350]

Originally Posted by canesr1

Blue '08 M3 coupe. MSRP 67,200. It's a demo w/ 300 miles. Dealer will sell for 61,985. Is this a good deal? He also said I could lease for $847(incl. taxes!) a month with only $1834 out of pocket(36 months/12k miles per yr.) The money factor he quoted me was .0025
This "normally" would seem like a pretty decent deal, but in this market today how does it stack up??
Thanks and hoping to rejoin the M Group soon.( I totalled an '05 m3 convert with only 5k miles ),

Canesr1

I believe the actual numbers are .00105, which you multiply by 2400 to get the effective APR of the lease of 2.52. You sure it's .0025?

[canesr1]

Originally Posted by IS350

I believe the actual numbers are .00105, which you multiply by 2400 to get the effective APR of the lease of 2.52. You sure it's .0025?

I'm sure that's what my dealer told me. I guess he could have made an error.