BMW 640d sport

[Blown2CV]

Got my eye on one of these, maybe. Seem like some incredible lease deals out there. Are the cars as good as they sound?

[Blown2CV]

it looks like there are some heavy discounts of up to £10k on some of them... also the lease cost is to pay for the depreciation no the purchase price. If it depreciates from £50k to £30k over 3 years then it's £20k less deposit (i think 6 times payment on these deals so £2.5-3k) divided by 36 payments so it's in that area isn't it? Cracking deal really.

[Blown2CV]

T1CHS said:

How the hell can a company do a lease at £389 a month on a £61k car?

where are you seeing that particular deal?

[Blown2CV]

Face for Radio said:

T1CHS said:

How the hell can a company do a lease at £389 a month on a £61k car?

A £61k car probably only costs BMW something like £20k to make.

that's not the point though. They don't sell it to a lease company for what it costs them to make, they sell it at list price less dealer margin less volume/fleet discount and the lease company use that as the bas price and add on an admin fee to give £X. Based on that, they take the estimated value at the end of a lease £Y.

X-Y = depreciation D

balance B = D + interest

36 month agreement has 3x monthly payment as deposit (usually) so

payment = B/39

[Blown2CV]

Blown2CV said:

Face for Radio said:

T1CHS said:

How the hell can a company do a lease at £389 a month on a £61k car?

A £61k car probably only costs BMW something like £20k to make.

that's not the point though. They don't sell it to a lease company for what it costs them to make, they sell it at list price less dealer margin less volume/fleet discount and the lease company use that as the bas price and add on an admin fee to give £X. Based on that, they take the estimated value at the end of a lease £Y.

X-Y = depreciation D

balance B = D + interest

36 month agreement has 3x monthly payment as deposit (usually) so

payment = B/39

also to be factored in is lease company the have a vehicle that they 'owes' them Y as a trade price, they can then make a little tickle back buy sending it to block auction or some other channel at a value over Y.

[Blown2CV]

Motorrad said:

Can't wait for these a decade later when they cost 2 grand.

prev shape 635d is down to a decent value now! Not quite £2k though i don't think...