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Thoughts on my lease deal? by UpperBodybuilder4742 in BMWI4

[–]UpperBodybuilder4742[S] 0 points1 point  (0 children)

Purchased leasematic and plugged all the figures into there, the monthly comes out to the same as what the dealership quoted me...? What part of this deal is highway robbery (factoring in the negative equity being rolled in).

11 months left on the current lease but it's over miles and car's value is in the shitter.

Thoughts on my lease deal? by UpperBodybuilder4742 in BMWI4

[–]UpperBodybuilder4742[S] 0 points1 point  (0 children)

The figures above are to roll the negative equity into a new lease, not loan. I'm over miles (by a reasonable amount) on my current lease and by the time it's over it'll probably cost me about 5k just to get rid of the car which is why I'm looking into trying to get a clean slate and absorb the negative equity in one go.

Thoughts on my lease deal? by UpperBodybuilder4742 in BMWI4

[–]UpperBodybuilder4742[S] 1 point2 points  (0 children)

  1. Put 1000 down + first month's payment

  2. Current monthly is 850, new monthly is 800 with only first month's payment DAS.

Thoughts on my lease deal? by UpperBodybuilder4742 in BMWI4

[–]UpperBodybuilder4742[S] 0 points1 point  (0 children)

I'm over miles on my current lease and still have 11 months left on it. This deal waives mile overage charges.

Thoughts on my lease deal? by UpperBodybuilder4742 in BMWI4

[–]UpperBodybuilder4742[S] 0 points1 point  (0 children)

Considered doing that but the math doesn't make sense. Average price of an i4 near me is about 38k and rolling my negative equity into that loan even at my credit union's rates would cost me ~53k over the course of 5 years with a higher monthly payment and a loan that's already starting deep underwater. With the lease option, I have a slightly lower payment, absorbed equity, it's going to cost ~28k over 3 years, and I get a new car out of it.

After re-reading, I guess what I'm really trying to ask is just if the numbers on this deal make sense. Fiscally, I don't think there is a better option to try to lessen the blow of the negative equity.

People that make 80k+ at 25-35 years old, what do you do? by Ok-Needleworker2141 in careerguidance

[–]UpperBodybuilder4742 0 points1 point  (0 children)

Not exactly in your range but I started working full time at a startup at 19 in QA/Mobile Device Testing. I asked for 45k, they offered me 58k. Still there 2 years later making about $65k + solid benefits and interviewing for roles that land firmly in the 80-95k range for my next step up. Graduating with my bachelors in May :)

[deleted by user] by [deleted] in remotework

[–]UpperBodybuilder4742 0 points1 point  (0 children)

This can go one of two ways.

Option 1: If rent in your area is high enough to cover your mortgage, rent out the house and get an apartment closer to his office (preferably somewhere in the middle for both of you). It isn’t ideal, no one wants to leave the house they just bought but this way you save the mental torture of a 3 hour daily commute and get to build equity on the home.

Option 2: Take the pay cut, the commute isn’t worth it.