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2013 and earlier BMW X5 Lease Questions

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Comments

  • bu96bu96 Posts: 19
    forgot to add 3yr 36K miles to my previous post. thanks.
  • Nothing since my previous post. At that time, BMW Financial was only offering 53% residual with money factor of .00330 on a 36 month 15k mile lease. Not very attractive! Please advise us if your dealer has sweetened that offer. Thanks.
  • I know... I did the same with teh 2007 X5 test drive last week. I want one so badly now. Does anyone know or have any guess or advice as to when BMW will offer a special lease offer on this new hottttt SAV?!? PLEASE advise ;-)
  • bu96bu96 Posts: 19
    My salesman currently offered me the following:

    2007 X5 MSRP $59,545
    Proposal: $57,545, no money down, 36 months, 12K miles per yr

    $1075 with taxes

    Any thoughts on this offer?

    Thanks in advance
  • is this a purchase or a lease?
  • bu96bu96 Posts: 19
    it is a lease. he is sending over the lease and residual rate later. i haven't seen any published rates. thanks.
  • I would suggest that you go to the www.bmwusa.com website and put in your numbers into the lease calculator and at least that will give you an idea of where you should be with a lease from BMW FS
  • bu96bu96 Posts: 19
    I tried that but the BMW site says it is unable to calculate an estimate at this time. Thanks for trying to help
  • 2007 BMW X5 4dr Wagon 3.0si / Compare Instant Lease Quotes

    24 mo/15k mi – Residual Value 69% of MSRP – .00322 Base Money Factor Rate
    36 mo/15k mi – Residual Value 58% of MSRP – .00322 Base Money Factor Rate
    48 mo/15k mi – Residual Value 41% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 33% of MSRP – .00322 Base Money Factor Rate

    2007 BMW X5 4dr Wagon 4.8i / Compare Instant Lease Quotes

    24 mo/15k mi – Residual Value 64% of MSRP – .00322 Base Money Factor Rate
    36 mo/15k mi – Residual Value 53% of MSRP – .00322 Base Money Factor Rate
    48 mo/15k mi – Residual Value 37% of MSRP – .00322 Base Money Factor Rate
    60 mo/15k mi – Residual Value 30% of MSRP – .00322 Base Money Factor Rate
  • billmvbillmv Posts: 145
    bu96......it sounds like you don't know how to do the calculation yourself. Your need to get five numbers from your dealer: The MSRP. The negotiated "selling" price. The Money Factor. The residual value. And the Acquisition fee. The dealers cannot play around with the MSRP or the residual value for the months and miles you choose, but they can with the others, so you have to negotiate them.

    Get these from your dealer and I or someone else can easily calc your lease payment for you. Also tell us where you live and the tax rate in your town.
  • bu96bu96 Posts: 19
    My X5 is finally here. My deal was as follows:

    MSRP: $59,545
    Sale price: $57,545
    36 months, 12K per yr
    Residual: $35,727
    lease factor: .00387
    $1,164 due at delivery (taxes etc..)

    $1078 per month

    Any thoughts on if this was a half way decent deal? Anybody have lease factors for the X5 different from mine?

    Thanks!-
  • rda2wrda2w Posts: 2
    Does anyone know the current money factor and residual for left over 2006 3.0i X5s? I'm looking for 36mo/10k mi.

    Thanks,
    RDA
  • Hi bu96. BMW is not currently providing any lease money factor support on the 2007 X5. As a result, if you were to lease one through BMW Financial Services' you would have to use its standard lease program. This makes this truck VERY expensive to lease. I believe that BMW FS' buy rate standard money factor varies a little by region, but it should be around .00320 right now, which is not very good. Its residual values vary by trim level, lease term, and mileage allowance, but to give you an idea of what they are like BMW FS' current residual for a 36 month lease of a 2007 X5 3.0si with 15,000 miles per year is 58%.

    Car_man
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    Prices Paid Forum
  • Ahhh, bu96, I see that you mentioned the term and mileage allowance that you're interested in in your next post. OK, I already gave you the 36 month numbers. The only difference would be that this truck's 12,000 mile per year residual values are 2% higher than its 15,000 mile per year residuals.

    Car_man
    Host
    Prices Paid Forum
  • Congratulations on your new truck, bu96. The selling price that you got it for, a $2,000 discount on a recently redesigned SUV in the middle of the winter, looks reasonable to me. The money factor is a little on the high side though. It appears as though the dealer you worked with marked it up some. $1,000 a month is just a lot off money to pay for an X5, but that's what it is going to cost to lease one right now. If one wants to be the first on their block to have a brand new or redesigned vehicle they are going to have to pay extra for it. That's what happened here. The luxury SUV segment is a very competitive market. I suspect that BMW will eventually have to introduce an aggressive lease program on the X5. It's difficult to say how long it will be before this happens. It might not be until much later this year.

    Car_man
    Host
    Prices Paid Forum
  • Greetings RDA. Here is the information that you are looking for. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2006 X5 3.0i with 10,000 miles per year are .00195 and 68%, respectively.

    Car_man
    Host
    Prices Paid Forum
  • dpeck1dpeck1 Posts: 51
    I was told by my dealer today that they expect BMW to have some supported lease program on the 07 X5 "in the next few days"

    Reason being that the lease prices are so high, they are losing customers to the Q7, etc. because the competitors have very agressive lease programs right now.

    For a car that was supposedly sold out, the dealers in my areas seem to have many on the lot for purchase or lease.

    If I find out anyting further, I will advise.
  • amcdadamcdad Posts: 61
    My dealer also told me that they expected a new lease program soon...more details when I have them.
  • drtraveldrtravel Posts: 395
    I checked my local dealer and their CHEAPEST X5 has a MSRP of $52K. Assuming a discount of $1K, a 36mo/15K mi (mf = 0.00322, residual 58%) lease payment woud be $840 + tax (or $905/mo)! Their typical X5 has a MSRP closer to $56K which add another $67 to the monthly lease payment.

    Memo to BMW - no way this truck is worth close to a thousand bucks per month to lease!
  • Although the vehicle is nice I totally agree!! Not worth that lease payment. Dealer in Southern Ca. also told me lease should be getting more attractive soon.
  • Hello,

    Does anyone have information regarding lease programs for the remaining 2006 X5 4.4's...12k/36 months?

    Thanks for your help,
  • dpeck1dpeck1 Posts: 51
    I spoke to my dealer today in the Northeast and the Manager expects a program for February 1, 2007. Stay tuned.......
  • Hey everyone. A number of dealers that I have spoken with are irritated with BMW's lack of support for this truck as well. It is soooooo expensive to lease an '07 X5 right now. I too expect BMW to eventually introduce a special lease program on the 2007 X5. Unfortunately, it did not come out with one when it introduced its special February lease program a few days ago. Unless BMW makes an unscheduled enhancement to its lease program, there isn't going to be any lease support on this truck before the beginning of March at the earliest. That's the latest that I've heard on this subject.

    Car_man
    Host
    Prices Paid Forum
  • Hi back2bmw. Most dealers that I have spoken with don't have many, if any 2006 X5s left in inventory. If you want to lease one, you probably will have to go with a 2007 model. As other community members have recently mentioned, BMW is not currently providing any sort of lease support on the 2007 X5. As a result, if you were to lease one through BMW Financial Services right now, you will have to use its standard lease program. BMW FS' buy rate standard lease money factor varies by region, but it should currently be around .00320. Its current 36 month, 12,000 mile per year residual value for the 2007 X5 4.8i is 55%.

    Car_man
    Host
    Prices Paid Forum
  • I've been waiting to see if the X5 makes sense for leasing but they are crazy. I think I'm going to lease the Mercedes GL 450 since their leases are much more agressive and you get just as much car or more.... for a lot less price on the lease. $699 per month for the larger engine and loaded with many options is what Mercedes has been advertising.
  • Does anyone know what the February program is for the 2007 X5? Both the 3.0si and the 4.8i?
  • I found these February rates effective 2/6/07 for the 3.0si
    What is BMW thinking? These are still awful.

    24 mo/15k mi – Residual Value 68% of MSRP – .00320 Money Factor Buy Rate
    36 mo/15k mi – Residual Value 58% of MSRP – .00320 Money Factor Buy Rate
    48 mo/15k mi – Residual Value 40% of MSRP – .00320 Money Factor Buy Rate
    60 mo/15k mi – Residual Value 33% of MSRP – .00320 Money Factor Buy Rate
  • drtraveldrtravel Posts: 395
    It looks like the inventory levels for X5's is still pretty low so BMW isn't making much of an effort to move them yet. The prices for this truck are quite high - they range from $53-60K for the 3.0 engine at my local dealer. It's a nice truck but certainly not worth that much. Sales are probably a little soft now that's why dealers are unhappy about the lack of lease support. Take a look at the luxury SUV market right now. Deals are plentiful at Acura, Audi, and M-B. BMW is not immune.
  • dpeck1dpeck1 Posts: 51
    I have waited to try and lease the x5 long enough. I am bailing. For the same current lease numbers I can be driving an A8. BMW is going to lose many customers b/c of the ridiculous high price to lease this truck. They lost me. Bye BMW, hello Audi!
  • getting ready to lease a 07 BMW X5 loaded to the hilt. My first BMW.

    36 months/15K a year
    Money Factor .00265
    Residual Factor 60%
    Selling price 71,750.00
    Monthly 1,188.00

    Deal or no Deal? :P
This discussion has been closed.