How do you negotiate a car lease?
It seems like financing a car seems much easier. I have never leased a car before and now looking to lease a 2015 BMW X5, we are looking at $500 a month lease payment including tax.
We sort of know the range of down payment required for that amount, it's going to be about $25000 to $30000 depending on the packages.
Let say if you know you can get about $4000 off that particular car, how do you negotiate the price? Do you negotiate the down payment? If so how much to start?
Or is It better to have a higher payment with less down payment but it seems that way you pay more taxes on the lease payment but it's not that much anyways.
What's the optimal plan to negotiate this BMW X5. I've read other places saying that you negotiate on the total purchase price of the car first and then work out the lease details?
Any help would be appreciated.
We sort of know the range of down payment required for that amount, it's going to be about $25000 to $30000 depending on the packages.
Let say if you know you can get about $4000 off that particular car, how do you negotiate the price? Do you negotiate the down payment? If so how much to start?
Or is It better to have a higher payment with less down payment but it seems that way you pay more taxes on the lease payment but it's not that much anyways.
What's the optimal plan to negotiate this BMW X5. I've read other places saying that you negotiate on the total purchase price of the car first and then work out the lease details?
Any help would be appreciated.