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3,5632Not sure if the November lease programs are out yet, but as far as an '08 X5, what were the rates in October and what are they in November? Did they get better, stay the same, or get higher??

I don't know if you need more specific information, but I'm in New York, interested in a 36 month lease with 10,000 miles a year, and I have BMW loyalty.

I hope someone can help!

10In CA i was just quoted 2 days ago.

bmw loyalty money factor of .00150 (.0020 is standard)

residual 53%

They were pressing me to purchase before end of Oct but I'm not in a terrible hurry.

I'll take my chances on Nov and Dec. BMW can not be immune to the crashing US economy, seems to me it can only get better for an suv purchase...

good luck.

2If you don't mind, please explain it to me like you would to a 5th grader!

10You need money factor if you are going to use a lease calculator off the web to figure payments, etc.

Simply multiple the money factor rate by 2400 and you get an interest rate you will recognize for approximation.

.0015 * 2400 = 3.6% ---- .0020 * 2400 = 4.8%

Once you know money factor, residual and the price you pay for the car you can calculate an APPROXIMATE lease payment using the lease calculator on this website which you can find at:

http://www.edmunds.com/apps/calc/CalculatorController?pmtcalAction=lease_calc&ti- d=edmunds..calculators.basic_loan_tab.basic_lease.tab_link..*

Can't tell you on November yet, no one has posted those numbers if they went up or down.

64Otherwise we are looking at an 09 because have not been able to find an 08 with color and options. Another dealer is offering $1600 over invoice and buy rate MF on an 09 lease and $1600 below invoice w/ buy rate if we can find an 08.

Any thoughts on this 07 would be appreciated. As of now I am telling my friend not to jump on it as it seems wierd.

Thanks!

10well please post the info you get from the dealer, I can't wait to see the residual on an 07 that is essentially two years old before it gets on the street. I can't imagine that car is going to pencil for a lease at all. If you figured a new one will depreciate 47% in three years (based on 53% residual), lets be super kind and say it depreciates 1/3 of that each year (which can't be true, it would be more heavily weighted on the first year and a half). In that super generous example, it depreciates 15.6% a year. So in a petri dish, 10k off seems reasonable. Facts are it is 2 model years old so technically it has depreciated 2 years already right? Thats 16,500 of value already gone, poof. My guess is that car was off the road for several months in a body shop on a bad test drive!!!

What dealer still has an 07! Tell us! Sales must really be down there!

106424 Month – Residual 63% of MSRP – .00175 Base Rate

36 Month – Residual 57% of MSRP – .00175 Base Rate

48 Month – Residual 39% of MSRP – .00285 Base Rate

60 Month – Residual 33% of MSRP – .00285 Base Rate

2009 BMW X5 Wagon xDrive 4.8i

24 Month – Residual 63% of MSRP – .00150 Base Rate

36 Month – Residual 57% of MSRP – .00150 Base Rate

48 Month – Residual 32% of MSRP – .00285 Base Rate

60 Month – Residual 26% of MSRP – .00285 Base Rate

Residuals posted are for 15K miles/year. Add 2% to Residual for 12k mi/yr and 3% for 10k mi/yr on all terms

Info taken from Roadfly.com

10So it brings about a question. For purposes of using online lease calculators to get a ballpark lease payment, should I be using the residual of MSRP or of the purchase price.

For example. 09 X5 3.0 36 mo. lease @15k miles per year. MSRP of what I'm selecting is in the 57-58k range. Invoice is around 52-53k. Lets just say for argument sake to help me understand this I paid invoice. So I would put the price paid as my cap cost, the above money factor and from what I'm hearing I should put 57% of MSRP into the calculator instead of 57% of 53k.

Is this correct?

146In three years, say, the vehicle will be worth X, regardless of how good or bad a deal you cut when you "bought" it. If two people buy identical vehicles, and one just pays full MSRP and the other negotiates the pants off the dealer and gets it for $3,000 less, both vehicles will be worth exactly the same at any given future point in time. Assuming of course, that the mileage driven is identical, etc.

The payment will be less for the person who did the best job negotiating the "selling" price, though. If both vehicles have residual values of $35,000 36 months from now, and Buyer A "paid" $57,000 and Buyer B paid $53,000, then those amounts are used to determine the amount of depreciation which goes into each lease payment. Buyer A's monthly depreciation is $611.11. Buyer B's monthly depreciation is $500.00. ($57,000 - $35,000 = $22,000 / 36 = $611.11)

To get the "interest" portion of your payment, just add the cap cost to the residual value and multiply that total by the money factor. ($57,000 + $35,000 = $92,000 x .00150 = $138.00)

Add the depreciation component of $611.11 to the interest component of $138.00 and you come up with your pre-tax payment of $749.11. Add sales tax to $749.11 each month and you have your monthly payment. To the penny.

Hope that helps!

641lease - 12k miles --> $623/mth with $3,410 down.

claims this car is priced at invoice but i havent seen the paperwork yet to confirm.

should there be more room in this price considering that it has 4k miles and given the economy is essentially crumbling around us??? if so, what is a fair price where both the dealer and I can walk away satisfied?

thanks for any help .

10As for the guy talking about the Long Beach, CA dealership above, I had the same experience there. Was pulling teeth to get info, very salesy, not at all helpful. Frankly I will be happy if I never step foot on that lot again, just a complete waste, might as well be a ford dealership. Try Irvine. They have an internet dept that I found to be exactly as you would expect to find it. Worth the extra drive from LA.

Maybe we consumers are just missing something. Maybe BMW isn't having any issues at all in the economy and they can keep trying to charge msrp. ha!

As for an earlier post on November money factor. The numbers i quoted are for returning bmw customers. for new customers the money factor was .00190. The rise in the residual number helps tremendously on the lease payment.

11How does this work?

Thanks!

146Make them give you a number to re-lease it, and the assumptions that go into that payment amount. You have to understand how they're getting to their number. If they figure that the new residual value will be quite low, X years out, and they apply a higher money factor to the new lease, then your payment may go up from $630, not down.

It's all in the math.

Good luck.

2MSRP of $58,475. Quoted sell price of $56,720.75. Edmunds has invoice at $53,675. What do y'all think would be a reasonable sell price?

Also, I plan on leasing - 36 mo/15K miles - was quoted residual of 57% which seems in line, but MF of .00215, which seems high - the forum says it should be .00175.

Lastly, they dont have the car I want. They do have one in dealer search but it doesnt have the Heads Up which I REALLY want. Does ordering give me less negotiating power?

Based on the numbers above, where do you think my final sell price should land and should I expect a lower MF?

2Has anyone ordered one? Any thoughts on experiences/timeline? I dont want that 4 weeks to turn into 3 months of 'where is my car?'

Also, does ordering the vehicle versus purchasing from the lot diminish my negotiating power?

3,372for 5 years and doing the balloon seems a better deal and a lower monthly payment than leasing. I'm in the $550 mo. range with $6K down on a 3.0si.

I think you guys are coming up with higher lease payments?

137The balloon payment financing alternative that you are referencing is quite attractive thanks to the reasonable balloon (residual) and 0.9% interest rate. However, comparing a lease to this balloon payment financing alternative could prove to be a costly mistake, especially in the long-term. In a lease, BMW Financial is carrying the residual risk and is responsible for assuming the lease at lease-end and re-marketing the vehicle in the used car market. With the balloon payment financing alternative, you are responsible for the residual and can either keep the car by paying the balloon or attempt to re-sell the vehicle in the open market with no guarantees.

Depending on your economic and driving situation, I would think twice about balloon payment financing.

Best,

Matt

eights38@gmail.com

9I have a MB E350 which I need to return by 12/30/08. I only have few more weeks to figure this out.

If I buy it calculating around 50,000.00 by 0.9 financing for 60 months my payments including tax would be around $900 for 5 yrs!!! for a car with no warranty for the last year of ownership!

what is the best deal this month for leasing the same car for 10,000 m/y for 36 months? what would be the residual value at the end of the lease? What should I be looking for.

Would you please advise. Thanks

3,563expensive tastes usually require deep pockets. Wish they didn't.

3I am told that the rates are less favorable than those for a new 2008. I assume this is because of lower Residual and Money factor. Are these set by BMW financial or by my sales team. Are they negoitiable?

332,943If you have the miles added to the contract, upfront, then the residual is reduced by $0.15/mile.

regards,

kyfdx

MODERATORPrices Paid, Lease Questions, SUVs

3So if you need 25k miles per year it seems better to lease at 10k miles /yr with a residual around 62% and add the miles than to recalculate the lease based on a 3 yr old car with 75k miles.

This assumes the you have to lease a car.

6Includes: Premium Pkg, Cold Weather Pkg, 3rd Row, Rear Climate, Rear DVD & Park Distance

Residual is (56%)? & Money X = .00125 (3%)

Monthly payment $699.66; included taxes and zero $ down payment

Question 1: is this a good deal or could they come down? they wouldn't budge when I asked for accessories or lower payment. should i just take it at $699 or what is the REAL monthly # I can get this down to? dealer said "No X5 goes below $700 with zero down". Any truth to this?

$2,405 due at signing (inception fees)

$699.66 1st month

$625 bank fee

$225 office fee

$155 plates

$700 security deposit

Question 2: can i negotiate any of the fees (bank & office)?

Since the car is a demo I lose my BMW CCA loyalty rebate, and the dealer will still not budge. Dealer in NY said if I don't pull the trigger by Tuesday, he will not honor the offer and has other buyers wanting the car.

Questiion 3: What can I get him to throw in or work with me on? Possible tire waranty since they are run flats?

Please help me, I need to decide in next 48 hours.

3,5636146First, the $225 "office fee" is just extra profit for the dealer. Negotiate that. You cannot negotiate the bank fee below what BMW Financial Services charges. The dealer can mark that up, but it appears they're not doing that here, so it's non-negotiable.

Is .00125 the 'buy rate' MF for this model for a 36 month lease? I think it might be .00115. If so, then the dealer is making about $8 per month extra by slightly increasing the money factor on you. So there's $300 or so over 3 years.

You have a question mark after the 56% residual figure. You need to get either the exact % or $ amount of the residual value from the dealer before you can calculate your payment. The dealer cannot arbitrarily change the residual value. That's set by BMWFS.

It's my understanding that in the state of New York the taxes are all paid up front, so it becomes hard to figure out how your $699.66 payment "including taxes" is calculated. Given the MSRP and the $49,700 price you are getting, and using that as your cap cost, and 56% as the residual %, then the pre-tax payment would be $650.15. How you add tax to that is another story.

Can you compare the $49,700 price to a new vehicle? What kind of a price could you get on a vehicle without 2500 miles on it? Maybe they've already given you a deeper discount than they would since it does have 2500 miles on it. The selling price is the only place it looks like you have any negotiating room, since it's a demo. You're getting a bit over 10% off, so it appears to me you do not have a lot of room there. I just boils down to how the dealer accounts for their "cost" on demos, and thus what kind of a deal they're willing to cut. I wouldn't look for much more than you've already got. They are running a business, and they DO need to make a little profit now and then, so you have to be realistic in your expectations. You're not going to get them to price the vehicle at $39,995..

The rest of the fees look normal.

Good luck.