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2013 and earlier BMW X5 Lease Questions

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  • Hi moncad. The last time that I had checked, BMW had not published a lease program for the 2007 X5 yet. It is difficult to say what its lease program for this truck will be like when it is introduced, but it is probably safe to say that it will not be nearly as attractive as the program that is currently available on the 2006 model.

    Car_man
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    Prices Paid Forum
  • Hi christina271. While it is difficult to say exactly, it appears as though the price that you were quoted for this car is slightly over dealer invoice. This is not terrible, but given the fact that BMW is currently providing $2,000 dealer cash on the '06 X5 3.0 you may want to see if you can get an even larger discount. Also, BMW just introduced a special 22 month lease on this truck with an even better money factor than its 24 month program. Its 22 month, 15,000 mile per year numbers are .00135 and 68%. You would be better off going with the 22 month program.

    Car_man
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  • Greetings swganole. While it is difficult for me to say exactly where the price you were quoted is compared to its dealer invoice price, it appears as though it is around $500 under invoice. This is a pretty good selling price for this truck. Remember though that BMW is currently providing $2,000 dealer cash on it. You can always shop around to see if you can get one for a little less than this.

    BMW Financial Services' current buy rate money factor for a 36 month lease of an X5 3.0 is .00185 with the payment of a security deposit at lease signing. It appears as though that the dealer you are working with may be trying to mark your truck's money factor up a little bit. Make sure to insist that they use its buy rate to calculate your monthly payment.

    Car_man
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    Prices Paid Forum
  • Hi Car_man,
    thank you for responding to my query. it does help that i am in no rush to get the 2007 model. in the meantime, i will continue to refer to this site for auto. questions. thanks much.

    moncad
  • Hi, im located in southern california and was wondering if you could estimate me the monthly lease payments for the 22month lease special. The car im looking at is:
    2006 BMW X5 3.0
    - automatic
    - premium package
    - rear climate package

    The invoice price of the car is $44400 and the msrp is $48470. I was thinking about making a 3000 dollar down payment but up to 5000 dollars if necessary.
    Thanks
  • I was quoted the following on an X5 3.0 lease - MSRP $51,220
    sell for $47,720, 22 months, 3000 down which includes 1st payment, registration & conveyance fee - $631.79 plus sales tax. Any thoughts?
  • Can anyone tell me what lease deals for October there are for the X5? I am in Seattle, WA if that makes a difference.

    Thanks.
  • Carman,

    Do you know the money factor and residuals for the 4.8 X5 , both 24/36 months (12k miles).

    Thanks
  • shap1shap1 Posts: 77
    Carman: We'll be coming off lease (Volvo SUV) in December. My husband is planning to lease an X5. Do you think he would be better off terminating now in order to take advantage of any special lease rates/dealer support on remaining '06 models, rather finishing the term and leasing an '07? I'm thinking because the '07's are all new, there won't be much in the way of deals, especially just one month after release. Plus, the price will be quite a bit higher, I would think. You opinion is greatly appreciated, as always.

    Oh, and I'm recommending he come out of pocket on the remaining two lease payments rather than rolling them into the new lease. Agree?
  • You're very welcome, moncad. Let me know if you have any other questions.

    Car_man
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    Prices Paid Forum
  • I would be happy to calculate a lease payment on this truck for you, icanfly. In October BMW is no longer running the special 22 month lease on this model so I will work up a 24 month lease for you. According to my calculations, if you were to lease a 2006 BMW X5 3.0 with an MSRP of $48,470 and a selling price of $44,000 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 $462. The reason why I calculated this lease without a down payment is that it is in your best interest not to make one when leasing. If your leased vehicle is totaled in an accident or stolen and never recovered, its down payment would essentially disappear. All you have to pay at lease signing are your truck's first month's payment, a security deposit equivalent to that payment rounded up to the nearest $50 increment, and BMW Financial Services' $625 acquisition fee.

    Car_man
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    Prices Paid Forum
  • Hi uconn97. BMW is currently providing $2,500 dealer cash on the 2006 X5 3.0. This dealer cash is compatible with leases through BMW Financial Services. A base 2006 X5 3.0 has a spread of a little over $3,600 between its full MSRP and dealer invoice price. You were quoted a discount of $3,500 on the truck that you are interested in, but once the dealer cash is backed out this is really only a $1,500 discount. I personally would shoot for a lower price for this if I was in the market for this truck. Make sure 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". When you arrive at a price that you are satisfied with, have the dealer that you are working with use BMW FS' buy rate lease money factor of .00185 to calculate your truck's monthly payment.

    Car_man
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    Prices Paid Forum
  • Hi bodotcom. I can give you an idea of what this truck's lease program is like right now, but in order for me to do I need dome additional information from you including whether you want the 3.0, 4.4, or 4.8 version of this truck, how long you want to lease it for, and what mileage allowance you need. I can even estimate what the lease payment will be like for the exact model that you are interested in if you provide me with its full MSRP and approximate selling price.

    Car_man
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    Prices Paid Forum
  • Hi carnut12. This is an excellent time to lease an X5 4.8. Its lease program is much more attractive today than it was a couple of months ago. BMW Financial Services' current buy rate lease money factor and residual value for a 24 month lease of a 2006 BMW X5 4.8 with 12,000 miles per year are .00150 and 62%, respectively. The numbers for an otherwise identical 36 month lease are .00150 and 51%. When negotiating your lease on this truck, keep in mind that BMW is currently providing a solid $4,000 dealer cash on it. This cash will help you to negotiate an attractive capitalized cost for your lease.

    Car_man
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    Prices Paid Forum
  • That's a tough call, shap1. You are right that there probably won't be much in the way of lease support or discounts available on the 2007 X5 when it first arrives at dealers. Leasing a 2006 model is the way to go if you want a good deal. I almost never suggest to a community member that they should terminate their current lease early. I just think that doing so is really wasteful. Having said this, BMW's current lease program for the 2006 X5 is very attractive. It is currently only scheduled to run through October 31st. It is difficult to say what its new November lease program will be like. If I had to make an educated guess, I would say that it will probably be about the same. If I was in your situation, I probably would roll the dice and wait until November to get an X5, hoping that the attractive lease program is still around and that dealers still have the exact model that I want in stock. Leasing a new X5 now probably wouldn't be a bad move though given the fact that you only have two payments left on your current truck. Your husband can either pay his remaining payment or payments out of his own pocket or roll them into his new lease. Given BMW's attractive money factors on the X5 right now it wouldn't be terrible if you just rolled your remaining payments into your new lease.

    Car_man
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    Prices Paid Forum
  • Hi Car man, I am interested in all 3 versions, but my number one choice is the 3.0. I want to put as little $ down as possible, 22-27 months & 10k miles per year. My local tax rate is 8.8%. Thanks!
  • CarMan,

    For the 2006 x5 4.4, what are the current incentives or dealer holdbacks? Is it $2500? Are the money factors of .00150, residual of 67% still current for the 24 month lease? What about the 36 mo lease? Thanks.

    Andrew
  • dpeck1dpeck1 Posts: 51
    2006 X5 4.4 lease
    2006 X5 4.4 lease I am getting ready to pull the trigger on a deal. Car Man, can you tell me if it ok?

    MSRP 58,445

    Sell 52,477

    36 months, 15K no cap cost reduction. $679.08 per month with taxes, security deposit, 1st month payment, DMV and bank fee up front. residual 56% and MF .0015

    the 24 month payment is $696.42 residual 67%, same MF
  • Hi Car_man,

    What would this exact lease look like with only 10,000 miles per year?

    Thanks,

    Bodotcom
  • " would be happy to calculate a lease payment on this truck for you, icanfly. In October BMW is no longer running the special 22 month lease on this model so I will work up a 24 month lease for you. According to my calculations, if you were to lease a 2006 BMW X5 3.0 with an MSRP of $48,470 and a selling price of $44,000 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 $462. "

    Hi Car_man,

    What would this exact lease (above) look like with only 10,000 miles per year? Also, are you able to estimate payments on the Mercedes ML350?

    Thanks,

    Bodotcom
This discussion has been closed.