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      11-10-2013, 07:06 PM   #14
Eric5273
Private First Class
United_States
6
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196
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Drives: 2014 BMW X1
Join Date: Oct 2013
Location: New Jersey

iTrader: (0)

Much better than before. Your car is about $5700 more expensive than mine. Given the residual rate and interest, you would end up paying about half of that amount over the life of the lease, which would come to about $2850. Add to that the extra you pay for 15k miles (instead of 10k miles which is what my lease posted above has), and that lowers the residual value by 3%. 3% of your MSRP is about $1300. So in total you are on the hook for about $4150 more than I was. Translated into 36 payments, that comes to about $115 more per month. That would put you around $475/month if you got the same deal as I did.

However.... I notice you mention you are paying taxes upfront. In your breakdown you itemize state tax at $2335.31, but then below that you say you owe only $1486 at inception. That tells me that some of the tax is being rolled into your payment. So with that being the case, it sounds like you are getting a good deal.

My deal, which I posted above in post #2, included $2200 due at inception (taxes, registration, fees, etc.) and that is after a $500 deposit. So my $360 payment did not include any tax.

I'd say go for it. Sounds like you negotiated a solid deal!
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