2015 Demo xDrive28i Lease
I did post this question in another thread; but realized that it was probably in the wrong thread. Seeking some guidance from more expert leasers on the following:
I terminated my lease early (demo which had 7500kms initially on it 2012 xd 28i X1 base model - no charges, last 5 payments to be covered by the Dealership) and upgraded (so they say) to
A black on black demo with 2500Kms 2015 xd 28 X1 $36,990
loaded with the following options
ZSL Sports Line $1,900
ZVK Executive Package $1,800
ZVR Technology Package $2,500
ZXW Lights Package $1,200
Full Price of Vehicle = $44,390
Demo Discount $1,800
Total Cost = $42,590 (excluding 13% Tax)
Lease Rate 1.9%
Monthly Lease $585 (Incl Taxes), zero down, 48 months 16k Kms per year.
Over 48 months I will end up paying $585*48 = $28,080
Initial payment = $1732 (admin fees, registration etc) including $600 refundable security deposit
Cost of Lease = $29,812 - $600 refundable security deposit = $29,212
Residual Amount = $22,400
At end of Lease Purchase Price = ($22,400 + Admin Fee $900) * 13% Tax = $26,329
Assuming I have money to buy this vehicle outright at the end of my lease without any financing (yeah right)
total cost of the Vehicle = Lease Cost $29,212+Outright purchase price $26,329 = $55,541
Is this even a deal or did i just (un)knowingly bent over without any lube in hand?
I should mention that I can write portions of the lease cost (appx 30-40%) as business expenses.
Last edited by zeiesfirdaus; 02-18-2015 at 12:57 PM..
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