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2013 and earlier BMW X5 Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi tlgolden. BMW Financial Services' current buy rate lease money factor for any 2006 BMW X5 3.0 regardless of how it is equipped is .00185 for leases up to 42 months in length. The reason why this truck's money factor is a little higher than it was is that BMW introduced $2,000 dealer cash on it at the beginning of this month. Make sure to take this dealer cash into account when negotiating your truck's capitalized cost.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi roughyear. I would be happy to give you an idea of what this truck should cost to lease right now. However, in order for me to do so I need some additional information from you first. This information includes this truck's approximate selling price, how long you want to lease it for, and how many miles per year you need to be able to drive it. You should be able to get an idea of how much you will have to pay for this truck right now by visiting the following discussion: "BMW X5: Prices Paid & Buying Experience". When negotiating your truck's selling price, remember that BMW is currently providing $2,500 dealer cash on the 2006 X5 4.4i. This cash will help you to negotiate an attractive capitalized cost.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi mcho3. I am not familiar with what the market is like for the X5 4.8. BMW does not produce very many of this trim level, so you may find it difficult to get one for as low a price as you are hoping. The fact that BMW is not providing any lease support or dealer cash on the 4.8 probably indicates that they are selling fairly well. You still will probably be able to negotiate some sort of discount on this truck, you just probably will not be able to get it for as close to dealer invoice as you are hoping. While it is not quite as nice as the 4.8, the X5 4.4 is a MUCH better deal. It's price is lower and it has dealer cash and lease support available on it right now.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi NKnTC. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.

    Once you have a basic understanding of how leasing works I will be happy to answer any specific questions that you have. This particular discussion is for questions about leasing the BMW X5. If you want a 5-Series, post any questions that you have on it in the following discussion: "BMW 5-Series: Lease Questions".

    Car_man
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  • mcho3mcho3 Posts: 36
    hey car man thanks.
    i first should say that you helped me out alot for my 05 clk500 and also 05 TL. i just got an offer for 71k.
    what would that money factor and residual value be for this car if i want to lease it for 48month, 15k miles.
    thanks
  • car_man..

    thanks for the reply.. looking at a 2006 X5 4.4i with all the triming except DVD entertainment (even though i want this option, but they dont have it) anywayz.. final selling price $51450.. looking for either a 24month or 36month lease.. with very little down payment. thanks for any help.
  • mcho3mcho3 Posts: 36
    car man
    i just got my offer for the 4.4 x5
    premium,sport,cold,rear climate,heated steering,19",woodtrim, navi,premium hi-fi
    MSRP 64000 selling price 57200 MF 1.9 Residual 59%
    monthly of 724.84 + tax for 12k per year 36month
    what do you and others think about this deal?
    what would it be for 15k? is it better to get 24month lease?
  • miltimilti Posts: 14
    Sounds like a better deal than I worked out :cry: . I'm interested to know what state you are purchasing the X5, if you put any money down or just had to pay the first monthly payment with tax and license. I have the same model and extras except custom seats (no nav), 15,000 miles/36 months, extra wear and tear protection, put $1500 down and I am paying $900 (tax included) in Orange County, CA.
  • mcho3mcho3 Posts: 36
    this is in LA, down 2100. i am trying to get little less then what they are offering.
  • bosbmrbosbmr Posts: 2
    Hi Car_Man
    Can you please help? I would like to calculate the monthly lease payment for my deal.

    X5 3.0i
    MSRP: $50,320
    Quote: $47,000 (3,320 off)
    24 mo lease with 15,000 mile per year
    $0 down payment

    Offer from dealer was $699+tax.

    I have no 'Knowledge' to judge whether this is a good deal or not.
    I have been trying to calculate the payment through the lease calculator using MF and residual from this forum...however my number came out very odd. Probably I made a mistake and cannot find what it is... Could you please give me the MF and residual value and estimated monthly payment for this deal?

    Thanks in advance.
  • drleasedrlease Posts: 7
    Hey CarMan,
    Where do you find all of these BMW rates and residuals? Are they all posted somewhere online? I have a lease calculator, I just dont know where to find the MF's and residuals for individual models.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You;re very welcome, mcho3. I am glad that I have been able to help you out in the past. You have good taste in vehicles. I like the CLK, TL, and X5. BMW is not currently providing any sort of support on the 2006 X5 4.8. As a result, if you were to lease one through BMW Financial Services you would have to use its standard lease money factor. I believe that BMW FS' standard factor varies a little depending upon what part of the country one is in, but it should be around .00315 for any length lease right now, assuming that you pay a security deposit and acquisition fee at lease signing. BMW FS' 48 month, 15,000 mile per year residual value for the '06 X5 4.8is is 52%.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    You're very welcome, roughyear. OK, so you're interested in leasing a 2006 BMW X5 4.4i that has a full MSRP of $58,000 and a selling price of $51,450. According to my calculations, if you were to do so through BMW Financial Services right now for 24 months with 15,000 miles per year, your zero down, pre-tax, monthly payment should be around $615. The payment for an otherwise identical 36 month lease should be around $638.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Hi mcho3. If by a money factor of "1.9" you mean .00190 the factor that the dealer you are working with is trying to charge you is too high. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2006 X5 4.4 is only .00150. It appears as though the dealer you are working with is trying to mark your truck's base factor up to add additional hidden back-end profit to your deal. This sort of thing happens all the time, but can usually be avoided by consumers who know what tier vehicle's buy rate is.

    This truck's 24 month lease program is even more attractive than its 36 month program. Its 24 month, 12,000 mile per year buy rate money factor and residual value are .00125 and 70%.

    Now let's take a look at this truck's selling price. You were quoted a discount of $6,800 on this truck. The model that you described probably has a spread of around $5,500 between its full MSRP and dealer invoice price plus BMW is providing $2,500 dealer cash on it right now. This gives a total spread of around $8,000. So you are probably at around $1,200 or so over dealer invoice. This is a reasonable price for this truck if you can get the dealer to use the buy rate money factor. You may want to stop by the following discussion to see how much other community members have paid for similar models lately: "BMW X5: Prices Paid & Buying Experience".

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    I would be happy to help you out, bosbmr. According to my calculations, if you were to lease a 2006 BMW X5 3.0i with an MSRP of $50,320 and a selling price of $47,000 through BMW Financial Services right now for 24 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $655 with the payment of a security deposit of $700 at lease signing. With the security deposit waived, this truck's payment would increase to around $667. BMW will waive its security deposit requirement for free for returning lessees. It looks to me as though the dealer that you are working with is trying to mark this truck's money factor up to add additional back-end profit to your deal. Make sure that they use BMW FS' buy rate factor of .00150 to calculate your truck's lease payment. I used a residual value of 68%. Also, don't forget about the $2,000 dealer cash that BMW is providing on the '06 X5 3.0i right now. Given this dealer cash, if there is a decent level of competition in your area I would not be surprised if you were able to beat the selling price that you were quoted.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,518
    Greetings drlease. I am not aware of any resource that provides accurate information on vehicles' current lease programs to the general public. I would be happy give you an idea of what the lease programs are like on the models that you are currently interested in if you let me know what they are.

    Car_man
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  • Hello Car Man I need your help!
    Please tell me your thoughts on this deal for a
    2006 X5 3.0 with the Sports Package:

    MSRP $51770
    PRICE $47500
    ($4270 off MSRP)
    LEASE 24 MTHS
    MILEAGE 15,000
    FACTOR .0015000
    RESIDUAL 68%

    PAYMENT $797.86
    I must put down 1st payment and sec. dep.
    The dealership said this offer includes the $2000 dealer cash and this is the Best offer they can give.

    Thanks for your help!!

    Margaret
  • I'm not Car_man, but I'll take a stab at this..

    At $47,500, you are paying right around invoice.. This leaves the $2000 dealer cash as profit... At the end of the year, and on a car with incentives and a brand-new model coming out... that seems a little high..

    But, just working with your selling price, and adding $625 to the cap cost for the acquisition fee, I get a payment of around $664/mo.+ tax...

    So, my question would be... What is adding so much to the monthly payment of the car? Even if your tax rate is 9%, that only brings it up to about $725/mo.. How do they get to almost $800? What else are they adding to the cap cost? And.. are they really giving you the .0015 money factor?

    Regards,
    kyfdx

    Moderator - Prices Paid, Lease Questions, SUVs

  • bosbmrbosbmr Posts: 2
    Thanks a lot Car_man.

    Unfortunately there is only one BMW dealer around here...next closest one is in 78 miles away :cry:

    Anyway, I picked up my car yesterday and I love it even though new one is on the way. Thanks again for providing me a great information. I did not get enough discount but it seems OK with me considering there is no other dealer around here. Here is what I got and I would like to share the information.

    X5 3.0i
    MSRP: $50,320
    Quote: ? (I just cut a deal on monthly payment)
    24 mo lease with 15,000 mile per year

    $646/month before tax
    first month payment: $646
    ($0 down payment, No security deposit, no additional expense at all other than first month payment...all other cost such as license fee are included in monthly payment)

    I hope this information would help someone else.

    Thanks again Car_man
  • Kyfdx,
    How much money do dealers normally make or try to make on a deal like mine..posted above?? The dealership is the only one in the area and still claims this is the best deal they could possibly give. I gave them $1000 deposit to order my car from another dealership.
    Thanks, Margaret
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