Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





2013 and earlier BMW X5 Lease Questions

11516182021115

Comments

  • 8eight8eight Posts: 3
    Oops...the selling price of the car is 51,600. MSRP is 56,120.
  • tenet1tenet1 Posts: 354
    CarMan do you have the new new lease numbers for the 2006 X5 for November, especially for the 3.0?

    Any additional incentive on these vehicles?
  • billmvbillmv Posts: 142
    hi nyinla. I'd like to know the names of the two other dealers that were willing to sell the car for $43,500, and the dealer you bought from too. $6,170 off list seems pretty strong. What cities are they in?

    Thanks!
  • Thanks Car Man. Is that about the best money factor that BMW offers on X5's? My daughter just got 3.9% on a new 2007 Hummer.
  • Wondering if someone can tell me if this lease rate is a good deal.

    MSRP $54270
    Price $48700
    lease rate .00225

    15K 3 yr. lease
    Residual 30391.20
    Monthly rate $797 $2200 in security depoosit title taxes.
  • I calculated based of your numbers and got a payment of $687 before taxes, with zero down. $110 is a pretty big difference. They are hiding some more money in the lease. Is there anything else added to that purchase price in the Cap Cost?
  • Your lease rate (aka Money Factor) is too high. FOr the same car they should be able to get to at least .00205.
  • Just saw a MF of less than .0020 Offered on same car!
  • billmvbillmv Posts: 142
    auburn87.....I got $705.30 pretax when I ran the numbers, assuming they included the bank fee at $625. Something is fishy. They're using 56% for their residual, but I don't know if that's correct. Don't have time to go back and see if that's a good number for November. If it is, then $705 is correct.
  • reeffreeff Posts: 5
    I'd like to get some feedback as to what to do on my X5 3.0 as the warranty will be ending in april of 2007.

    I have two options:

    - Purchase extended warranty : Who would you recommend I go through and what would it cost?

    - Trade in/sell vehicle and obtain a lease on a X5.

    It is my wife's vehicle and she would like a new X5 however I'm not sure what it would cost me. I reside in Naperville, Illinois.

    Any thoughts or recommendations?
  • Thanks for all of your help on this board. I not only got a better (MF 00185) I was able to upgrade to the X5 4.4 at payments less than the 3.0!
  • I have a 2007 3.0si on order and have been told to expect a January delivery. As of Wednesday 11/22, two days before the vehicle actually went on sale, BMW financial was, according to my salesperson, only offering a 53% residual on a 36 month 15k mile lease with a money factor of .00330. My salesperson indicated he expected those terms to improve next month but I am interested to know what others have obtained from their dealerships. This does not sound like a very attractive deal at present.
  • I just drove the 2007 X5 yesterday. Salesman quoted me 58% residual and money factor of .00429 on 36 month lease. I hope terms improve, as the new X5 really has a nice ride, but not on those terms. I will not waste money on the third row seating as it is a joke imo.
  • Don't worry about it, 8eight. Community members forget to mention the selling price of the vehicle that they want to lease all the time. OK, so you are interested in leasing a 2006 X5 3.0 that has an MSRP of $56,120 and a selling price of $51,600. The 2006 BMW X5 has a spread of over $4,500 between its full MSRP and dealer invoice price. On top of that, BMW is providing $2,500 dealer cash on '06 X5 3.0 models to help dealers unload leftover models. That gives you a total of $7,000 to play with. You are being given a $4,500 discount on this truck. I personally would want a larger discount than that if I was in the market for one. Try stopping by the following discussion to see how much other community members have paid for similar vehicles lately: "BMW X5: Prices Paid & Buying Experience". Once you arrive at an attractive price for this truck, make sure that the dealer you are working with uses BMW Financial Services' buy rate lease money factor of .00185 to calculate your monthly payment.

    Car_man
    Host
    Prices Paid Forum
  • Hello tenet1. This truck's lease program varies depending upon how long you lease it for and its mileage allowance. You never mentioned either of these items in your post, so for now I will assume that you are interested in a 36 month lease with 15,000 miles per year. Let me know if you want something different. 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. BMW is currently providing $2,500 dealer cash on this model. Make sure to take this cash into account when negotiating your truck's capitalized cost.

    Car_man
    Host
    Prices Paid Forum
  • You're welcome, fergie3. To the best of my knowledge, BMW still has not published a lease program for the 2007 X5. I'll do some digging again in a week or two to see if it has published one. Please feel free to check back with me then and I will be happy to fill you in on what I have been able to find out.

    Car_man
    Host
    Prices Paid Forum
  • Hi auburn87. The money factor that you were quoted is too high. BMW Financial Services' current buy rate lease money factor for a 36 month lease of a 2006 X5 3.0 is .00185. With the waiver of your vehicle's security deposit it increases by .00015, but returning BMW FS customers receive a security deposit waiver at no additional charge. Make sure that the dealer that you are working with uses this truck's buy rate to calculate its lease payment.

    I wouldn't be surprised if you were able to beat the selling price that you were quoted either. You were quoted a discount of $5,500 on a truck that including the dealer cash that is available on it probably has a spread of around $7,000 between its MSRP and invoice price. If you are in an area that has a decent level of competition, I would not be surprised if you were able to beat $1,500 over invoice on a leftover model. Make sure to stop by the following discussion to see how much other community members have paid for similar trucks lately: "BMW X5: Prices Paid & Buying Experience".

    Car_man
    Host
    Prices Paid Forum
  • Ahhh, I see that you were quoted some actual numbers for a lease of a 2007 X5. Thanks for the info, gatorfan3. The last time that I checked, BMW had not published any numbers for the 2007 X5 yet. Not surprisingly, it appears as though BMW is not providing any lease support on this truck. This is fairly common with brand new or redesigned models. If one wants to be the first on their block to have a new vehicle, they have to pay to play :). As time passes, the lease program for the '07 X5 will likely become more attractive. It is difficult to say how long it will be before BMW introduced money factor support on this model though. A lot will depend upon how well it is received by the public and how strong auto sales are in general.

    Car_man
    Host
    Prices Paid Forum
  • Hi fergie3. Even without any lease support the money factor that you were quoted is WAY too high. BMW Financial Services' standard money factor varies by region, but its standard buy rate is currently around only .00330. It appears as though the dealer that you spoke with is going to make customers who want to be the first to have a redesigned X5 pay through the nose to get one.

    Car_man
    Host
    Prices Paid Forum
  • bu96bu96 Posts: 19
    Does anyone have any lease rates and residuals for the 2007. My salesman is currently working on an offer right now. Thanks.
This discussion has been closed.