Lease Deal - Is This Right?

[boarderman23]

MSRP = $79,425
Invoice = $73,185

Assuming a selling price of $74,000 - $1,500 (Holiday Cash), total selling price would be $72,500.

I found the current convertible rates to be (please let me know if this is wrong):
36 Month – Residual 65% of MSRP – .00130 Base Rate (10k miles per year)

If I did my numbers right, the total should come out to roughly $26,683.20 or $741.20 per month (not including tax).

This just seems very low to me, but whenever I run the numbers I keep getting that. Can anyone confirm that those numbers are accurate?

PS - I used the following guide for calculating the above: http://www.edmunds.com/advice/leasin...5/article.html

[ksoze]

I get about $762/mo, using those numbers.

Use this calculator: http://www.leaseguide.com/calc.htm

[PinkFlamingo]

Originally Posted by boarderman23

MSRP = $79,425
Invoice = $73,185

Assuming a selling price of $74,000 - $1,500 (Holiday Cash), total selling price would be $72,500.

I found the current convertible rates to be (please let me know if this is wrong):
36 Month – Residual 64% of MSRP – .00130 Base Rate (12k miles per year)

If I did my numbers right, the total should come out to roughly $26,000 or $720 per month (not including tax).

This just seems very low to me, but whenever I run the numbers I keep getting that. Can anyone confirm that those numbers are accurate?

PS - I used the following guide for calculating the above: http://www.edmunds.com/advice/leasin...5/article.html

On a 36 month, 10k/yr lease on a convertible with an MSRP of $77,575, the selling price was $72,080 and then with the holiday credit applied, the monthly payment before tax was $717.20. This deal was from Orange County BMW in Harriman NY. Amazing deal but I had my heart set on a coupe which leased for $780/mo based on a $69,775 msrp so I ended up with a coupe but I did bmw select instead of a lease. Your numbers are not far off but with 12K miles/yr it will most likely be a bit more than $720 if the selling price is closer to $74k.

[boarderman23]

Thanks, I edited the original post after re-calculating (made a pretty simply mistake that threw everything off).

Should be $741.20 per month now for a 10k miles per year lease or $762.22 for 12k per year (which is what you got, thanks for the help!)...those numbers calculated with first month payment down at signing (I know there could be more, but just figuring without that).

I think I'm going to pull the trigger if I can get this deal.

Can you trade in a car when leasing?

[ksoze]

You can trade in a car when leasing, but do not mix the two when negotiating on the new car.

Leasing is simply the finance method applied on the sale, so it is really no different when buying a car. Get the price for the trade separately, then deal on the new car, or better yet do the deal then bring up the trade. Too easy to get spun on inflated trade-in values that get taken out in the new car numbers crunching. Many become so overcome with euphoria thinking they got "better than blue book" on a trade offer, they miss the difference was hidden in the new car finance terms. Treat them as two different deals.