[Moedee]

Hey guys
Question, I have recently stepped out of a Porsche lease, & the "RENT CHARGE" on the lease was almost 35% of the monthly lease payment.
Meaning, if my monthly lease payments were 1,700M/ 700 WAS Going into "Rent charge" & the remainder 1,000$ was going towards the buyout every month.

I am looking at an M4, 0.00267 Money factor. sell price about 97k.
Wanted to know on a BMW lease, how large is the "Rent charge" compared to Porsche.

If my bmw payments were 1,700 - would it be like 300 a month rent charge & the rest towards the initial buyout cost?

thanks for your help!

[Vmaxx]

Originally Posted by Moedee

Hey guys
Question, I have recently stepped out of a Porsche lease, & the "RENT CHARGE" on the lease was almost 35% of the monthly lease payment.
Meaning, if my monthly lease payments were 1,700M/ 700 WAS Going into "Rent charge" & the remainder 1,000$ was going towards the buyout every month.

I am looking at an M4, 0.00267 Money factor. sell price about 97k.
Wanted to know on a BMW lease, how large is the "Rent charge" compared to Porsche.

If my bmw payments were 1,700 - would it be like 300 a month rent charge & the rest towards the initial buyout cost?

thanks for your help!

There is no “rent” charge with BMW lease. Your lease payment would simply consist of interest, tax (if applicable), and the rest goes towards the agreed upon depreciation amount (lease), which directly lowers your “buyout” amount.

[Moedee]

Great, thank you!!

[Berzerker]

(And don't put any money down on the lease)

[MugenNeuspeed]

Dude just finance it

[DefiantVitreous]

Rent charge? WTF is that nonsense.

[road rage richie]

All leases have this. Its essentially the interest on the loan. You are paying interest for the entire value of the car not just the depreciated amount.

[Diesel power]

yeah rent charge is the interest/money factor. On a car that price, with the money factor it's probably about 400 per month. Heads up that the money factor dropped for some leases in January so make sure you're getting the latest program.

[Needsdecaf]

Originally Posted by DefiantVitreous

Rent charge? WTF is that nonsense.

It's not nonsense at all. It's just another name for the interest portion of your monthly lease payment.