Still trying to lease a Rex in virginia

[jvmoore1]

wow! that sounds way better than the quotes i have been getting. I am trying to get the same deal (24 mo/15k/no money down) and every thing i have received has been in the 600 range.

Here is what my local dealer sent...

MSRP: 47,025
Discount: 3,000
Taxes: 2,114.89
doc: 499
title: 16.50
Lease Rebate: 4875

609.18 with 3,000 down.

 

[i3atl]

Working on a lease deal and the dealer is doing all they can and has been great.

24 month lease in Virginia
15,000 miles per year ( I drive a lot and this is expensive)pushes down the residual
No money down nothing due at purchase but the 1st payment all taxes and fees rolled in
Car is a mega world Rex base $47,050 msrp
There are lots of these cars about!
$463 per month x24 = $11,112 keep in mind I need 15 k per year to avoid charges
The 10k per year is $400
12k per year seem hing like $435

My goal was $400 per month at 15k but I can't get there, heck other dealers are quoting me $650 per month
What does everyone think?

What is the selling price of the car (after dealer discounts but before the $5500 lease credit)? What fees are they adding on?

Why a lease vs Owner's Choice or Owner's Choice with Flex? You're potentially giving up $2K in savings up front by leasing.

 

[electricpanda]

I did Owner's Choice as a VA resident with no problem. Well other than the problem that the dealer is charging more interest through BMWNA than is published online. Fight for 2.99% if you have great credit. I was an idiot and the 3.99% didn't register until the morning after. Now I'm stuck paying 3.99% on the full price of the car, though I'm planning to return it at the end of 24 months. At least I will get the full tax credit!

 

[electricpanda]

Our payments are around $200/month but we had a pretty substantial trade in. I thought it would be 10k miles/year for 2 years but I think the finance guy screwed up because our contract says 12k. OK by me!

 

[Tomasz]

wow! that sounds way better than the quotes i have been getting. I am trying to get the same deal (24 mo/15k/no money down) and every thing i have received has been in the 600 range.

Here is what my local dealer sent...

MSRP: 47,025
Discount: 3,000
Taxes: 2,114.89
doc: 499
title: 16.50
Lease Rebate: 4875

609.18 with 3,000 down.

Keep in mind that with lease every dollar added to price jacks up your monthly rate considerably. E.g. the 499 doc fee is effectively $20.79/month. Most dealers around here charge 99-199 doc fee, that would lower your monthly rate by ~$15 right there. Also with lease your residuals are big factor, check if they are using correct numbers etc...

 

[electricpanda]

Turns out the finance guy really screwed up - not only did he give us 12k miles instead of 10k, but signed the paperwork that any miles over 12k/year would be at a cost of 0 cents per mile. ZERO!