In Reply to: leasing 323i posted by apn on March 02, 1999 at 15:59:08:
: MSRP: $32,560.00. 399.99 a month for 36 month closed-end lease. $1,500.00 cap cost reduction
: 10,000 miles per year.
If tax is included in the $399, its a good deal with dealer profiting $2100 (that's fair)
If tax is not included it is a $3k deal for the dealer -- you can do better.
If you're concerned about the miles, simply get a 15k mi/yr lease. Residual rates are as follows:
10k miles for 36 mo: 68% of MSRP
If I were buying that car, I would go for the following:
15k miles a year
1500 cap down ($2800 down w/ 1st,last,license,cap)
425/month (that is your payment including tax)
THIS DEAL IS POSSIBLE, shop until you find a good car salesman who will not play games
remember that equity in the car after 3 years can be applied to your next vehicle, so it's o.k. to pay a little more if you know where your money is going.