To determine you have got the good lease deal or not, use following formula.
--> (Real Monthly Payment / MSRP) * 10000 < 125 --> Good Lease
--> (Real Monthly Payment / MSRP) * 10000 = 100 to 105 --> Excellent Lease
Real Monthly Payment = Monthly Payment + (Down Payment / 36 months lease)
*Down payment includes tax and registration etc)
For BMW Lease in 2017, I paid 4000$ down payment and my monthly payment was 403$, so my real monthly payment = 403 + 111 = 514 $
Applying above formula : 514 / 48400 (MSRP) * 10000 = 106.19
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