Good deal? I have a deal on the table for 07 convertible...
Black on black.....SMG....heads-up display.......27 months and 12k per year mileage. They want $4100 down....about $840/mo not including tax.....MSRP about $85k. They want $1250 in acquisition and disposition fees. Car has 12,000 miles.
To me....this sounds great. I would be paying about $885/month.
You guys own the car already though....is this a good deal?
If its a lease I wouldn't worry about the mileage that is already on it.
This sounds like a good deal but I've never done a lease. It seems like most leases are well over a grand a month.
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"Men wanted for hazardous journey. Small wages. Bitter cold. Long months of winter. Constant danger. Safe return doubtful. Honour and recognition in case of success." - Ernest Shackleton, Ad in London newspaper 1913 for south pole expedition.
I am going to go in Friday and test-drive it (make sure I like SMG) and take it if all goes well. I have my SL for sale now and the best part is I would save almost $400/mo in payments as right now my monthly payment is $1265 on the SL.
The same place had a white convertible that they started for $95k and kept lowering it until they sold it last week for $81k. I had called the day after they sold it....but they were advertising it when at $81k for $4100 down and $840/mo for 27 months.
They then had the black one at $89,500...same miles, options, etc. as the white one. I emailed today and asked if they would match the lease price on the white one sold last week and they initially said no. I told them they aren't many people looking at buying $90k cars in this economy....and I think the fact a white M6 (best color) sat for months should have been a sign of that. Of course, by the end of the day....I had emails from them saying they would match the price.
Sounds good.... I'd take it. A BMW new car store? Who's doing the money? Used can't be BMW financial, but if it is then the contract should be bulletproof.
Some details: Check the residual value at lease end, that low a payment won't reduce the cap by much particularly if the money factor is high. If you think you might keep the car, that is significant if the buyout is more than finance value. Is the lease closed so you can just hand it in with less than 36 k and walk? And can you make an early payoff for no penalty if you win the lottery? Can you add miles before lease end? How much for excess miles? BMW Finance gets 16c per mile to add--- a real bargain, penalty at turn in is 20c.
Above all, get a printout history from the VIN --- at the dealer. You want to see EVERYTHING. Car should've had the 1200, plus one maintenance cycle, and if not make em do the 1st scheduled. Tires should be new. Be really picky about engine history and any repairs. Any doubts or repaired damage or abuse, run away fast.
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