Good Deal for i3 REX?

[mudgoo]

My dealer here in NorCal is quoting me a one time pay for $9000 out the door for a i3 REX for 24 months/10k. MSRP for the i3 REX is $50,195. What do you guy think about this deal?

 

[michaelbmw]

It's generally not a good idea to prepay a lease. If the car is totalled or stolen, you are out of luck.

I try whenever possible to do zero driveaway leases, and in any case as little as possible upfront.

 

[johnnylingo]

If the car is totalled or stolen, you are out of luck.

Stupid question, but wouldn't that be covered by insurance? I don't see how one-time payment vs. monthly would matter.

 

[spinball]

My understanding is in a lease, your insurance would merely get you out of the contract and any future payments. The leasing company would get the value of the car at the time it was totaled. You do not get any "prepayment" money back.

 

[johnnylingo]

Yep, you're right.

http://www.bankrate.com/finance/auto/5-dumb-car-leasing-mistakes-to-avoid-2.aspx