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2013 and earlier BMW X5 Lease Questions

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Comments

  • eegradeegrad Posts: 7
    Hi,

    First of all, thanks for the great advice that everyone offers in this forum. I can't imagine buying a car without all this info. :)

    I'm looking for the current residual value percentages for both 24 and 36 month leases at 10K and 12K miles a year on the X5 3.0 model.

    Also, could you confirm that the current MF on this car is 0.0015? In an earlier posting (Jul 30) Car_man indicated that MF had increased to 0.00185 due to the addition of the $ 2k manufacturer to dealer incentive. Did the MF go back down in Aug?

    Thanks Again!!!
  • mmjonesmmjones Posts: 3
    Hi Car_Man-
    I've been reading all of these posts, extremely helpful! If I can get your thoughts on the following deal:

    MSRP - $51,820
    MF .00150
    LEV% 68%
    Adjusted Cap Cost: $48,784
    Amt due at start: 2,295 (First monthy pmt of 690, security deposit, license/title fees/documentation etc)
    Monthly PMT including NY taxes: $690

    Thoughts?
  • spidy99spidy99 Posts: 4
    I looked at the last x5 4.4 at a dealer in my town.We negotiated and he's willing to accept $1000 over invoice. I noticed that they aslo have $2500 dealers cash and I believe $1300 regional cash (not sure what's its called.
    Question is, is it possible to also deduct the $3800 from the current deal(invoice-3800, or the discount is basically taken only from MSRP cost?

    HERE'S THE DEAL

    MSRP 62745
    includes
    model base cosy of $53600
    prem pkg............2500
    rear climate pkg.....400
    sport pkg...........1600
    19" alloy wheels......950
    Nav..................1800
    hi-fi premium system..1200
    dest chrg...........695
    total...............$62745

    my offer Invoice $57380(from edmunds'site)+1000=$58380
    MF =0.00125
    24 MTHS LEASE W/ 10k mles/yr and 70% residual
    7% sales tax

    can someone help to see if $783.51 including tax sounds good
    using a cap cost of $59770
  • I am about to lease a 2006 X5 3.0 and would like to know if this deal sounds right-I am new to leasing:

    MSRP: $54,870
    Premium
    Sport
    Cold
    Rear
    Heated Wheel
    Automatic
    Nav
    Serv. Steering
    Xeonon

    Purchase Price: $49,800
    MF: .00150
    Residual: $36,411

    24 Month Lease-18k miles per yr
    $9200 Cap cost Reduction (as result of a trade in)
    $342/month
  • barwoodbarwood Posts: 1
    I have found this forum to be very helpful in negotiating with the dealer. First, the dealership I contacted through edmunds initially quoted an outrageous monthly payment. I quickly directed them to the TMV on edmunds and within 5 minutes the payment was reduced by $120! I am trying to verify the money factor and residual percentage. For a 2006 X5 3.0 I was quoted a money factor of .002 (about 4.8%) and a residual of 57% for a 36 month lease and 15,000 miles per year. These amounts appear high based on what I have been reading. I would appreciate any recent market data.
  • Hey! Thank you, you were right. My paymt. is $726 w/ .0015 money factor. I'm not sure if they made a mistake or what happen but at the end of the deal the money factor showed up on their paperwork as .0019! I pointed it out and my payment dropped from $797 to 726, just the number you estimated for me. Thank you for your help :)!
    Kindly, Margaret
  • kyfdx@Edmundskyfdx@Edmunds Posts: 25,959
    I love happy endings!!

    Enjoy your new car..

    Moderator - Prices Paid, Lease Questions, SUVs

  • I just made a deal yesterday. please let me know what you think.

    BMW X5 3.0
    MSRP 46570
    Sale price: invoice price - 1000
    MF: 0.00160
    RV 68%
    Monthly payment including tax: 629
  • can you post the money factor and residual for x5 4.4 12k/year 24 months? thanks
  • i'm new to this forum/discussion. i am looking into leasing the 4.8 2007 X5 15K x 36 mos. I was at the dealership yesterday and here's what i got: MSRP 54500 ( + options: etch/rear clim/premium pack/3rd row/entertainment, etc) total $68345. How will i calculate the money factor/residual value, and how much would be the best monthly lease. I'd like not to pay anything more than the usual bank fee/DMV, etc. I am from NYS. thank you.
  • i got a quote of 589/month for 24 months with 2500 down and without tax included. the msrp is 49370 and the selling pice is 45550

    MF is .0018500 and resid is .69

    is this deal any good?
  • Offer extended in Georgia. Carman...any advice?

    2006 X5 3.0
    list $49,420
    sell $44,028
    36 months
    12k miles
    MF .00210
    Res 58%
    Payment $579+tax

    Thanks!
  • Forgot to mention the cash down requirement on the above scenario...$1,720 which I guess is first payment, acq. fee, etc.

    Appreciate hearing from anyone on this deal...
  • You're very welcome, bosbmr. Lack of competition is always a bummer when one is shopping for a new vehicle. Thanks for stopping back to let us all know how everything turned out. Enjoy your new truck.

    Car_man
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  • I'm glad that you enjoy this forum so much, eegrad. Here's the information that you're looking for. BMW is actually providing its most attractive lease terms for a special length lease right now, 22 months. You would be much better off going with tie term instead of 24 months. BMW Financial Services' current buy rate lease money factor and residual value for a 22 month lease of a 2006 BMW X5 3.0 with 12,000 miles per year are .00135 and 70%, respectively. The numbers for an otherwise identical 36 month lease would be .00185 and 58%. If you were to lease with only 10,000 miles per year its residual values would be 1% higher. When negotiating your lease on this truck, don't forget that BMW is providing $2,000 dealer cash on it. This incentive will help you to negotiate an attractive capitalized cost.

    Car_man
    Host
    Prices Paid Forum
  • Thanks mmjones. The truck that you are interested in probably has a spread of around $4,300 between its full MSRP and its dealer invoice price. In addition to this, BMW is currently providing $2,000 dealer cash on it. This gives us a total of around $6,300 to play with. You were quoted a discount of only $3,000. I suspect that you will be able to do better than this if you shop around a little bit.

    Car_man
    Host
    Prices Paid Forum
  • Hi spidy99. I'm not familiar with the regional incentive that you mentioned, but I am well aware of the $2,500 dealer cash that BMW is currently providing on 2006 X5 4.4 models. If I was in the market for the truck that you mentioned, I personally would shoot for $1,500 under dealer invoice, which is $1,000 over minus the dealer cash. This is a fair deal for all parties. Since this is your dealer's last X5 4.4 and the 2007 model is not out yet, it is difficult to say whether they will take this offer, but give it a shot.

    Car_man
    Host
    Prices Paid Forum
  • Welcome new2bmw1. 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.

    The first thing that I notice about this deal is the large down payment that you are considering making. I always advise community members not to make large down payments on leased vehicles. I do so because if your leased vehicle is totaled in an accident or stolen and never recovered during your lease, your down payment essentially disappears. It would be annoying to just throw away nine grand. You can still trade in your current vehicle when leasing a new one, just have the dealer that you are working with cut you a check for it instead of using the equity that you have in it as a capitalized cost reduction for your lease.

    Also, you never mentioned the selling price of the X5 that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the truck that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of a vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to give you my opinion of this lease if you let me know what its selling price is.

    Car_man
    Host
    Prices Paid Forum
  • Hi barwood. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2006 X5 3.0 with 15,000 miles per year are .00185 and 56%, respectively with the payment of a security deposit at lease signing. If you opt to have your vehicle's security deposit waived, your vehicle's money factor would increase by .00015. When negotiating your lease on this truck, make sure to take the $2,000 dealer cash that BMW is currently providing on it into account. It will help you to negotiate an attractive capitalized cost.

    Car_man
    Host
    Prices Paid Forum
  • Here you go, carnut12. BMW's most attractive lease program is actually for a special 22 month lease of this truck right now. You would be much better off leasing for that term instead of for 24 months. BMW Financial Services' current buy rate lease money factor and residual value for a 22 month lease of a 2006 X5 4.4 with 12,000 miles per year are .00105 and 70%, respectively. When negotiating your lease on this truck, don't forget the $2,500 dealer cash that BMW is providing on it into account.

    Car_man
    Host
    Prices Paid Forum
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