Never done a lease before help!!

[NoynuR]

Hey guys looking at getting rid of my e92 and saying screw the wait and picking up a f82 M4!

I have my car valued at 30k ( it's a 08) in the deal and putting everything towards the new M. I got quoted around 360-390 a month lease payment what are the dos and donts of a lease. What kinda financing should I be aiming towards. How does all this lease stuff work exactly?!
Looking to pull the trigger in the next two weeks. Dealer locally has a M4 demo they are selling for 80k but only want to discount it 2.5 it's got a couple thousand miles on it. Help me out guys thanks!

[sqse90]

for a 2.5k discount, don't buy that car. i know when i test drove it, i gave it everything i had. i'm sure most everyone else did as well.

[YMB-M3-J2]

Please read up on the dos and don'ts of a lease. There are tons of good articles on the Internet but here are a few

1. Negotiate the car price down. People think you can't but you can.
2. Don't put 30k down on a lease. Don't put any money down except for maybe a few Security deposits called MSD's which will lower your money factor or lease APR and essentially your payment...see next line about why to not put money down.
3. Don't put any money down on a Capital Cost Reduction (CCR).You can read about losing your money in the event of a total loss.
4. Pick the mileage that suits your needs. If you drive lots a lease may not be for you.
5. Pay attention to the money factor (MF) dealers mark it up for extra profit on the financing. BMW has a set buy rate of 0.00129 this month. Don't pay a dime over that and walk out if they won't show it to you..
6. Read lots of articles about leasing. Be informed and you will get a good deal.

[NoynuR]

This is all very helpful! Looks like I'm gonna skip on the demo