In Reply to: 540 lease? posted by COK on July 05, 2000 at 17:00:30:
If the '01 pricing is about the same as the '00 pricing, then your payment should be somewhat lower than what I just quoted. That is because the payment is based mostly on the residual value (normally defined as what the bank estimates the car will be worth at the end of the lease...typically stated as a percentage of MSRP) and the residual decreases steadily during the given model year.
For example, I was told by the dealer that the residual for the example above was 60%. And it is the end of the model year for the 2000's. So the residual for the 2001 at the beginning of its model year could be something like 67 to 70%, for the same 3 year lease.
Hence, you will get a lower payment on your '01 today than you would if you leased the same '01 car 9 to 12 months from now.
Hope this helps. If this didn't clarify it for you, let me know.
: I'm new to this board, I will be leasing a 540 this month and would like some help on lease prices, Im looking to get '01 540 NAV premium/sport packages, Xenon, Premium Sound, 16 way seats, 60/40 rear split. How much should I be paying monthly, with 0-1000 down. Also If anyone would recomend a dealer I should go to in NJ.
: Thank you.