base model, only 'heated seats' as an option.
Apparently, this one was a loss leader, as they offered it at $1500 down, $199/mo for 2yr & 20K miles, with $350 acquisition fee at turn in. With the Texas $2500 alternative fuel vehicle rebate...
...total cost of ownership over two years: $1500 + $200*24 +$350 -$2500 = $4150, or ~$175/mo.
If I factor out the cost of gasoline I was spending, it's more like ~$110/mo
If I factor out the cost of repairs my 10 yr old car with a turbo was imminently going to cost me, it's more like $0/mo.
Then if I count the money I got selling that 10 yr old car, I'm actually being paid ~$200/mo to drive a new BMW for two years.
Quite a change from the thought of $700/mo leases a year ago.
Apparently, this one was a loss leader, as they offered it at $1500 down, $199/mo for 2yr & 20K miles, with $350 acquisition fee at turn in. With the Texas $2500 alternative fuel vehicle rebate...
...total cost of ownership over two years: $1500 + $200*24 +$350 -$2500 = $4150, or ~$175/mo.
If I factor out the cost of gasoline I was spending, it's more like ~$110/mo
If I factor out the cost of repairs my 10 yr old car with a turbo was imminently going to cost me, it's more like $0/mo.
Then if I count the money I got selling that 10 yr old car, I'm actually being paid ~$200/mo to drive a new BMW for two years.
Quite a change from the thought of $700/mo leases a year ago.