Good lease on a 2010 x6m?

[2008AWM3]

Hello,

I got this quote from a dealer and was wondering if this is a good deal:

2011 x6m (mis-typed the title as 2010, but it is a 2011)

MSRP: $95,200
Sale Price: $89,660
36 month lease, 10k mi/yr
Money Factor .00210
Residual 52%

Total drive off: $3500 (question, does this include first months payment?)
Monthly payment: $1530

Thanks in advance!

Derek

[REInvestor]

Originally Posted by 2008AWM3

Hello,

I got this quote from a dealer and was wondering if this is a good deal:

2011 x6m (mis-typed the title as 2010, but it is a 2011)

MSRP: $95,200
Sale Price: $89,660
36 month lease, 10k mi/yr
Money Factor .00210
Residual 52%

Total drive off: $3500 (question, does this include first months payment?)
Monthly payment: $1530

Thanks in advance!

Derek

Total drive always include your 1st month payment. With that much out of pocket I would assume your payment to be under 1400/mo. Your discount is roughly 6%. BMW has 7% markup. It's a fair deal but I wouldn't consider it a great deal. Not knowing what current money factor is or what your state tax structure is, I would guess they still have a little bit of room to play with while still making a profit. GL.

[2008AWM3]

Thanks for your reply. The money factor is .0021 and I am located in CA (sales tax is 9.75%). Thanks again!

[aas5]

Not sure if you are interested but there is a guy on these boards that is trying to get out of his x6m lease and his payment is something close to $1,450 if I recall correctly. Search for his posts here. And based on your MSRP, his car has more options.

[Herms]

money factor seems a bit high

[335Xray]

Originally Posted by Herms

money factor seems a bit high

It's as low as possible. The BMW $ factor actually went up for October and is 0.0022 now so if you have the quote from September it's the best you can get. The problem with the X6M for a lease is the crappy residual value. I think the X5M residual is 4% higher

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