Help with leasing options
07-05-2017, 01:29 AM
#1
Newbie
Thread Starter
Help with leasing options
So I plan on getting a 2018 E63 S. After doing some reading and soul searching I've decided that my ideal scenario would be:
Place multiple security deposits (I live in Texas, not sure if that means anything or restricts me)
Structure a 24 month lease and pay one time up front.
If I absolutely fall in love with the car, then I would want the option to purchase anytime after year 1, if I don't, then I'll happily return it at lease end. If I decide to purchase, then I would want my MSDs to go towards the purchase price.
Oh, and I must do this European delivery, not sure if that places any restrictions, (it shouldn't from what I've read)
I guess my question is how doable is this deal? Does anyone see a major pitfall. One thing I am still confused on is what happens if I pay that one time 24 month lease and the car gets wrecked. Don't I get my pro-rated lease payments back, especially if I was not at fault? The internets have been confusing me on this one. Thanks for your help!
Place multiple security deposits (I live in Texas, not sure if that means anything or restricts me)
Structure a 24 month lease and pay one time up front.
If I absolutely fall in love with the car, then I would want the option to purchase anytime after year 1, if I don't, then I'll happily return it at lease end. If I decide to purchase, then I would want my MSDs to go towards the purchase price.
Oh, and I must do this European delivery, not sure if that places any restrictions, (it shouldn't from what I've read)
I guess my question is how doable is this deal? Does anyone see a major pitfall. One thing I am still confused on is what happens if I pay that one time 24 month lease and the car gets wrecked. Don't I get my pro-rated lease payments back, especially if I was not at fault? The internets have been confusing me on this one. Thanks for your help!
07-05-2017, 01:02 PM
#3
Newbie
Thread Starter
I don't think I'm trying to create smoke and mirrors, I was just wondering if people have done this type of deal before, mainly with MSDs and one time lease pay, and what are the ramifications of a totaled car during the lease agreement.
07-05-2017, 05:29 PM
#4
I think what you're asking is if you can negotiate a better deal on a 24mo lease by paying all of the payments upfront.
I haven't tried that yet. But if you're ok with paying it all upfront and you really want to do a 24 month test as opposed buying, it is certainly worth a shot. However, I do wonder if it's an advantageous psych tactic. Meaning a savvy dealer will definitely see an opportunity to squeeze more down money out of you if you show you're willing to pay 24k-ish in payments upfront.
You don't know till you try.
Financially, everyone's situation is different. It doesn't pay for me to pay all that money upfront when I like my cash earning 1% in a money market account. And depending how much cash you have in a measly money market account, the interest you're earning per month could be enough to make your monthly lease payment a wash.
So it's a good question, but it really is very situational.
I haven't tried that yet. But if you're ok with paying it all upfront and you really want to do a 24 month test as opposed buying, it is certainly worth a shot. However, I do wonder if it's an advantageous psych tactic. Meaning a savvy dealer will definitely see an opportunity to squeeze more down money out of you if you show you're willing to pay 24k-ish in payments upfront.
You don't know till you try.
Financially, everyone's situation is different. It doesn't pay for me to pay all that money upfront when I like my cash earning 1% in a money market account. And depending how much cash you have in a measly money market account, the interest you're earning per month could be enough to make your monthly lease payment a wash.
So it's a good question, but it really is very situational.
