Quote:
Originally Posted by Lrscpa
Thinking of a CPO 640xi GC, though the new '17 430xi GC is tempting with iDrive 5.0 and Apple Carplay available. What about lease rates for CPO/Exec vehicles. How do they differ from the new car lease rates??
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For a BMW Exec car, BMW treats it like a new car. But it is normally sold through auction at a significant discount.
Now, here is where it gets good - your lease is based on the MSRP of the car.
So, you lease a $60,000 430xi GC. But it was a BMW exec car, and went through the auction at $50K. Your lease is, assuming a 60% residual, is
$36,000 residual, $50K purchase.
In effect you finance $14K and pay interest on $36K.
vs. say a new car, and I'm not using real numbers here, but at $55K selling price you might pay off a loan of $19,000 and pay interest on $33K.
These don't seem dramatic - but they are significant. It gets even better when the car is a $130K M6 and you get it for $100K, then you are paying off $22K, and paying interest on $78K. Your lease payment on a $130K car can be below $1K. Which is what I was offered on an I8 recently (plus tax, title, bla bla bla).
CPO is normally not a great deal to lease unfortunatly.
It lowers your payment considerably.