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2013 and earlier BMW X5 Lease Questions

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Comments

  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I sure do, hachee2001. BMW Financial Services' new June buy rate lease money factor and residual value for a 36 month lease of a 2008 BMW X5 3.0 with 10,000 miles per year are .00240 and 56%, respectively. The $1,595 dealer credit for a free Premium Package is still available on this truck.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • pt838pt838 Posts: 16
    Yes, hachee2001, those are the numbers. I also in the NY area and just leased an 08 X5% 3.0, 36 months, 12K/year and got a pretty good deal. Go for it!
  • ckm1515ckm1515 Posts: 52
    2008 X5 3.0
    Alpine White/Tobacco/Dark Bamboo
    Premium Package/Rear Climate/Heated Front Seats/IPOD/Park Distance/Running Boards
    36 Month/15K lease

    MSRP $52,675
    Selling Price $47,390
    Taxes $1,771.01
    Total Cap Cost $ 49,161.07
    Total Upfront $2,100.75
    Residual 53%
    LRF of .00215

    Monthly payment of 755.81

    Any thoughts?

    I was quoted a PP dealer credit of $2,505
  • postermikepostermike Posts: 28
    I'm just checking out the X5 so I have no specific vehcile in sight but I don't see any recent postings about 24 months so here goes.

    2008 X5 3.0i
    24 Month Lease at 10k/yr.
    Returning BMW FS customer
    Money Factor?
    Residual?

    Also, on my current lease I paid the entire lease up front and never really got a sense of how much that saved me (if any). With BMW, what are the advantages (cost) of paying up front?

    Thanks,
  • tidestertidester Posts: 10,110
    what are the advantages (cost) of paying up front?

    It would seem that you are entitled to a refund of the interest you would have paid had you elected to make all the payments on time. Anyone know for sure?

    tidester, host
    SUVs and Smart Shopper
  • kyfdxkyfdx Posts: 29,243
    Generally, BMWFS pre-paid leases get a .0008 reduction in the money factor vs. a normal lease.. However, that deduction is only from the standard lease rate.. If the rates are subvented, then the reduction may be smaller or none at all...

    Example:
    Assume standard lease rate is .0028, and no subvented rates are available. The prepaid lease is figured with a discounted rate of .0020, just as if you were making the payments monthly.. then, the total of payments is added to get the pre-paid amount.... On a typical 36 month X5 lease, this might save you around $2000-$2500 in finance charges...

    However, the X5 usually has a somewhat subvented lease rate... so, the savings would probably be lower than that, in a real-world example. For example.. right now the X5 has a MF of .0024, while the standard BMWFS rate is .00263.. The rate for a pre-paid lease would be .00183.. Making the savings about 2/3 of the generic example above...

    regards,
    kyfdx
    Host-Prices Paid Forums

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • tidestertidester Posts: 10,110
    Thank you! That's very helpful.

    tidester, host
    SUVs and Smart Shopper
  • postermikepostermike Posts: 28
    Thanks. Since I always do 2 year leases, I'm sure it would be a bit less. However the savings would be much more than I'm making in interest from the bank and, even in investments these days.

    Any numbers (residual % and mf) for a 2 year lease on a 3.0 in Atlanta, GA?
  • kyfdxkyfdx Posts: 29,243
    .0024 and 63% for 15K/yr.. 24 month

    Add 2% for 12K
    Add 3% for 10K

    There may be some dealer incentives or lower MFs for returning BMWFS customers, but I'm not certain what those might be...

    regards,
    kyfdx

    MODERATOR
    Prices Paid, Lease Questions, SUVs

  • ckm1515ckm1515 Posts: 52
    .00025 MF reduction for returning customers which equates to .00215. I should know, that is what I got.
  • innajlinnajl Posts: 3
    I need an advice on 2 vs 3 years lease. I was leaning toward 3 years but then someone brought up the fact that I might have to replace tires. On the other hand the lease price will go up in 2 years, and having it for 3 years would let me pay less for one extra year.
    So what do people think ? It seems like 3 years is the most popular option for this forum members.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi innajl. I personally almost always go with 36 month leases instead of 24 month leases, unless the manufacturer has some sort of special promotion that makes the 2 year lease more attractive...which BMW does not right now. Your monthly payment will be much more attractive on a 3 year lease of this truck. As far as the tires go, just make sure to have them rotated on a regular basis and there's a good chance that you won't have to replace them, provided your mileage is not outrageous.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • lamark72lamark72 Posts: 7
    Does anyone know if the "option credit" for the premium package is still available?

    What's the money factor and residual value for 36M/12K lease on X5?

    Thanks
  • ckm1515ckm1515 Posts: 52
    I don't know about it for the month of July but through June, PP option credit of $2,505 was still in play as was OLP discount of .00025. I should know, as that is what I rec'd and am schedule to have my vehicle by mid July.

    I believe the resid on a 36M/12K lease was 55% as of June 08
  • pelucidorpelucidor Posts: 2
    My first post here.

    I have been thinking about a loaded X5 3.0 for the last two days after a wonderful test-drive on Monday night. Car will have to be built to order: Premium, Tech, Cold Weather, Rear Climate, 3rd Row Seat, Rear Entertainment, Auto Tailgate, iPod/USB Connection, Running Boards, Comfort Access. Color is Monaco/Sand/Walnut. The MSRP is $59875, and I am trying to get to $56025 which is $1000 over invoice.

    Today two different dealers confirmed that the Premium Package Option Credit is still available until September 2nd. The only change to this incentive is that now you actually have to have Premium Package on your X5 - last month the dealer got the credit even if the car didn't have the package. Value of Option Credit is still $2505, which means my target price is really $1500 below invoice.

    Money factor for July and August is 0.0024 if you are not an existing BMWFS customer (I am coming from a Lexus GX470). Residual for 15k miles per year for 36 months stays at 53%.

    The first of 7 dealerships I phoned today offered me $825 + tax per month with no cap cost reduction and for 36 month/15k miles (up front cost of $2600 or so including Security Deposit and first months payment). A little haggling and another $5 came off plus floor mats and possibly a cargo mat thrown in.

    So at $820 per month (plus PA taxes of 9%) I think I have a good deal which is quite close to invoice before the Option Credit kicks in - other dealers have not been able to match it so far, and some sounded shocked (acting?). Unless anyone here has any misgivings on the deal I am placing my order next week for late August delivery.

    Please let me know your thoughts...
  • jamesgjamesg Posts: 19
    Does anyone have the July lease numbers from BMW FS? I am interested in 36mo/15k for returning customer. I assume that the PP credit is still in play.
    I was hoping that we would see something a bit more aggressive considering the June sales numbers.
    Thanks in advance.
    James
  • caveatesqcaveatesq Posts: 5
    53% residual w/ 15k

    MF is .00240 less .0004 if you qualify for the owner loyalty program

    Premium package credit of about $2,500 (at invoice) is also still in play.

    These rates are in effect through 9/2.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    The $2,505 option credit is still available in July.

    Car_man
    Host
    Prices Paid: Buying & Leasing Experiences Forum
  • pelucidorpelucidor Posts: 2
    The $2505 Premium Package Option Credit is in effect until 2nd September, according to two dealerships I have confirmed it with. Just placed my build order today - $1500 'below invoice' thanks to this Option Credit.
  • rdxerrdxer Posts: 33
    thanks for the info. Will pick my X5 up this later week -- I'll leave more details shortly, but got the vehicle for about $2000 under invoice. Thanks again.
  • rob34rob34 Posts: 46
    I was just quoted the following is Seattle. This is an initial offer, no negotiating. Please tell me if this is fair or if I should be asking for more, and if so, how much more?

    "Provided rates and owner loyalty stays the same as this month current programs. I can order you a 2008 X5 3.0i with running boards, hd radio, ipod usb adapter, cold weather package, premium package, rear climate package, premium sound. I am calculating MSRP of $54,575. Selling you the car for a $1,000 over invoice at $51,635.

    With $2,000 out of pocket your payment would be $726.24 a month including tax. This is a 36 month lease for 12k p/a mileage. Owner loyalty money factor of .00080."


    Thanks for any advice.

    Rob
  • rob34rob34 Posts: 46
    One thing I noticed right off the bat is his MSRP is wrong vs. the website. I forgot to tell him I wanted heated front seats ($500). Even with those the web is calculating an MSRP of $54,175.

    A couple other questions. Do the ventilated seats work well. I have always wanted those. But for $2100 seems high. I realize it's an active seat as well which I really don't care about.

    Also, I asked what my out of pocket would be to keep my monthly at $600 inc. tax. His quick response was each $1000 out of pocket is about $20 per month off the payment. Does it make sense it's only $20 off?

    Thanks
  • rootbeer1rootbeer1 Posts: 2
    Sounds horrible! They should be going at least $3,000 below MSRP and zero out of pocket! The way our economy is right now I think car dealers will be willing to negotiate.

    :P
  • rob34rob34 Posts: 46
    Ok, his MSRP is right in that he had the cold weather package in it and I didn't ask for it.
  • pickle12pickle12 Posts: 2
    Just found that as of yest, 7/10/08, the money factor dropped from .0024 to .0020...so if u have any deals in the works, make sure you update the MF. This could drop your payments almost $30/month!!
  • billmvbillmv Posts: 145
    Hey pickle12....Do you know if this reduction in MF also applies to the X3? I'm considering both the X5 and X3. Thanks for the tip!
  • rob34rob34 Posts: 46
    Let me try this again. kyfdx, you helped me get a good deal on my 2005 X3. Looking for your comments again. And would like to hear from Car Man as well. How far off are they?

    I was just quoted the following is Seattle. This is an initial offer, no negotiating. Please tell me if this is fair for a 36 month lease or if I should be asking for more, and if so, how much more?

    "Provided rates and owner loyalty stays the same as this month current programs. I can order you a 2008 X5 3.0i with running boards, hd radio, ipod usb adapter, cold weather package, premium package, rear climate package, premium sound. I am calculating MSRP of $54,575. Selling you the car for a $1,000 over invoice at $51,635.

    With $2,000 out of pocket your payment would be $726.24 a month including tax. This is a 36 month lease for 12k p/a mileage. Owner loyalty money factor of .00080."


    Thanks for any advice.

    Rob
  • koestermkoesterm Posts: 1
    This last post mentioned a MF of .0008, is it really .0008 or .002 - .0008. I'm about ready to turn in the lease on my 330 and need to get something bigger in size. They quoted me a MF of .002. Is this the best I can get?

    I'm curious what the real difference is in gas mileage between the 4.8 and 3.0. I've seen several posting on 3.0s, not much on the 4.8. Does anyone have any experience with 4.8 gas mileage?

    I sure wish the X5 had the same motor as the X6.

    Thx
  • tidestertidester Posts: 10,110
    Check out BMW X3 and BMW X5 Real World MPG for mileage information.

    tidester, host
    SUVs and Smart Shopper
  • pickle12pickle12 Posts: 2
    Not sure about the X3, but I wouldn't doubt it though...good luck!!
This discussion has been closed.