2016 M3 Lease?

[av0789]

Hey guys, so i thought lemme check out some deals on the 2016 M3....i got some quotes from Morristown BMW, for 36/10k.....
Residual 61%
MSRP 74000
Sale: 69000

Ny sales tax: 2792.71
NY DMV: 306
DOC fee: 498?
BMW Acquisition: 925 ?

7 MSD, reduces money factor from .00132 to .00083

Total due at signing would be 7552.12
6650 MSD
902.12 1st month and monthly after that (35months more)

i was thinking to pay tax upfront to get the monthly down a little, what do you guys think? Should i go for it or i can still get a better price?

[MarcoZandrini]

The last 2 "fees" are merely gravy for the dealer.

[Kevlar]

7500 down?!?

Hope the car makes it through the lease cause if it gets totally by an accident .... That 7500 is gone.

Sent from my iPad using BF.com

[1stoutm5]

Imagine the monster of a E39 M5 (if already owned) and i dropped $7500 into it and put another $900 in it every month.. Lawd have mercy. I couldnt come to my logical senses to lease a car, i understand some can easily "afford" it but its something i'll never wrap my head around. Especially with the newer M3's getting some mileage on them i'd rather just find a 2014-15 and buy it outright and mod the hell out of it.

[BimmerBreaker]

Id only ever lease a car if i could use it as a tax writeoff. Otherwise i really dont understand the point. Your paying essentially $45,000 to drive the car for 3 years... If we looked at all the fees together and split it monthly thats 1250/month...

Why not buy then sell when your done with it? Almost guaranteed that youd end up in a better position.

[timsev]

Don't take the previous posts seriously..... I would suggest asking over at bimmerfest dot com, in the "Ask A Dealer" section. They will give you dealer cost breakdowns and you'll see how good of a deal you're getting. I'm out of the loop on pricing, but the Acquisition Fee is marked up $200, which is normal. The Doc fee is dependent on state and dealer, but $495 isn't too bad, especially if you're getting a good price on the car. Good luck

[av0789]

Im sorry guys if I didn't clarify properly.....the money down is not really a down payment, that money down is going to be refunded at end of lease, it helps bring my monthly payment down (MSD)
So essentially im paying just first month payment...my main concern was the other fees and the sale price I'm getting....

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My total for 3 years is around 26k spent, with no worry of reselling car and maintenance there after, I currently own my 335i coupe which I'm going to sell and invest the cash (~32-34k)