Quote:
Originally Posted by ACremona22
Quote:
Originally Posted by FITM3NT
What do you guys think of my deal?
Lease:
$1109/m
$77595 MSRP, trying to get loyalty and PENFED credit totaling $1000
36 months
7500 miles
58% residual
$1700 drive off
4.712% state tax
I was told MF is .00093 (2.232%), however payment seems a bit high when I throw the depreciation into an amortization for 36 months at that rate.
Alternatively, I was approved with PENFED for a payment saver loan, basically a 48 month ballon payment at 3.49%, payment $1060/m, in which I'll get $2500 PENFED credit.
I feel I'll keep the car for awhile but it would be nice to turn it in if something were to happen to the car within the first few years.
Should I just bite the bullet and pay the lease payment which is higher, as it would be similar to GAP insurance?
|
I'm a bit lost on "advanced payment" and "upfront charges". The doc fee im assuming is different than the $925 BMWFS acquisition fee. |
I think that may have been a mistake, $1086.46 was the payment when they mistakenly quoted me 59% residual.
From what I understand from the dealer, I will pay the first lease payment and registration. I'm ignorant as this is my first lease. On what's required or not, but I do understand loan terms/calculations very well.