Is this a good Deal? Lease Buyout
I leased a 2014 BMW 328i xDrive for $4000 Downpayment and $395 for 36 month.
My car mileage will be at 50k during turned in next week.
If i decide to not buy I have to pay at least $4000 on the mileage plus turn in fees etc.
The BMW dealership offered me buyout for $28700 including tax/doc fees.. etc. ($26300 for the car). The residual on the leasing contract was $30500.
I have Nav, Cold Weather, Premium Package, Minor White package for my car.
I think this is a fair deal since $26300 + ($395 x 36 + $4000) =$44520. I don't think I am able to negotiate any lower for the buyout.
What do you guys think?
Read responses in bimmerfest.com