Stealership lease??

[g-block]

Got a note from my local dealer.

48 month closed end lease. 10k per year. I pay for service.
cap cost reduction 8500 (with 11000 total due at signing. )

699/mo

Is this a sucker deal with some of the maintenance issues out there? What do yall think?

[kmarei]

you pay for service?
servicing is included in all new BMWs
i don't think you can buy one without the servicing

see this is where the way i buy makes sense
i finance over 8 years (4.5%)
my payment will be around 700$ a month (MSRP 63K)
no downpayment

i am basically paying the depreciation but with much lower interest rate than a lease (4.5%) when its time to sell i won't have any equity in the car, but then i'll get another car
and i don't have any milage requirements

so my way i would save you 11K dollars!
since that is what you have to pay upfront and you're not getting that money back
and our monthly payment is about the same

also check leasecompare.com

[g-block]

Yeah, I thought that. too. They got 13 M's on the lot, and I figure they'd be willing to deal more. I'm going to talk to them tonight about more.

Wanting a 08 MT sedan. Loaded.

[Sedan_Clan]

Originally Posted by kmarei

you pay for service?
servicing is included in all new BMWs
i don't think you can buy one without the servicing

see this is where the way i buy makes sense
i finance over 8 years (4.5%)
my payment will be around 700$ a month (MSRP 63K)
no downpayment

i am basically paying the depreciation but with much lower interest rate than a lease (4.5%) when its time to sell i won't have any equity in the car, but then i'll get another car
and i don't have any milage requirements

so my way i would save you 11K dollars!
since that is what you have to pay upfront and you're not getting that money back
and our monthly payment is about the same

also check leasecompare.com

Out of curiousity, who did you finance your car through?

Originally Posted by g-block

Got a note from my local dealer.

48 month closed end lease. 10k per year. I pay for service.
cap cost reduction 8500 (with 11000 total due at signing. )

699/mo

Is this a sucker deal with some of the maintenance issues out there? What do yall think?

That doesn't sound right at all. Pass on it! There are deals to be had on an ///M sedan right now. Will@LongBeach just put a member into an ///M sedan for $799 a month with no money down.

[kmarei]

Originally Posted by Sedan_Clan

Out of curiousity, who did you finance your car through?

i have my wife to thank for that
its a credit union for the members of the International Monetary Fund and the World Bank
they also have 3.5% for a 36 month loan
i'm hoping that by the time i sell my Audi and buy the M3 the Fed will have dropped the interest rate some more