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2013 and earlier BMW X5 Lease Questions



  • Hi pursuit. What you were told appears to be correct. I do not believe that BMW is providing a special money factor reduction on the 2008 X5 for returning lessees this month. BMW Financial Services' January buy rate lease money factor and residual value for 36 month lease of a 2008 X5 3.0si with 15,000 miles per year are .00270 and 58%, respectively. Non-returning BMW FS customers who want to have their security deposit waived will have to pay .00015 more than this.

    Prices Paid: Buying & Leasing Experiences Forum
  • Welcome ostexo. Let's take a look at the deal that you were offered. The dealer invoice price of the 2008 X5 that you described is $47,515. The selling price that you were offered is $1,785 over invoice. That isn't bad, but there's still some room there. It wouldn't hurt to comparison shop if there is another BMW dealer or two in your area to see if you can beat this offer. Also, make sure to stop by the "BMW X5 Prices Paid and Buying Experience" discussion to see how much other community members have paid for similar trucks lately.

    Once you arrive at a selling price that you are comfortable with, have the dealer that gives it to you calculate your monthly payment using BMW Financial Services' buy rate lease money factor of .00270 (for non-returning customers who pay a security deposit at lease signing) and you're in business.

    The fees that you mentioned in your post look about right to me.

    Prices Paid: Buying & Leasing Experiences Forum
  • I am working on leasing an X5 3.0 ( 36 months, 12K miles) from a dealership in Houston. One dealership came 1K off MSRP and the other 1500 off MSRP. I asked the sales person if I would qualify for the BMW loyalty program and he said "since I paid cash for my 04 545 and didn't finance then I would not quality. This does not make since to me. Is this true? They are right in line for residual values but the money factor they are using is .0033 for one dealer and .00325 for the other dealer. Why are they using these since I see in your forum that the going rate is .0025? One of the dealers said that the .0025 rate was not all inclusive. Does this make sense? I have time to wait for a better deal later in the year. I know there is room in their price but I am confused by the money factor being out of line.
  • Appreciate all the info in this forum.

    Here's the best I've been able to do in the Dallas area so far. I feel like there is room in the purchase price and haven't been able to get any reduction in the money factor (or acquisition fee) to this point. Any advice would be appreciated as I'd like to order the car this week!

    MSRP: $57,575
    Price Reduction: $2,000
    Purchase Price: $55,575
    Acquisition Fee: $850
    Money Factor: .00325
  • I have started exploring market since my lease is up in less than 2 month.
    X5 and Q7 are the SUV's I'm interested in.

    Apparently there are currently no deals for either.
    Stock of 2008 X5 3.0 models is low (at least on few east coast dealerships) and dealers are not offered any incentives.
    There is excellent rebate in the amount of $3K for 2007 models, however there are basically no 2007 3.0 left and only few 4.8. I realize it's the winter time when SUV probably sold better than any other time of the year. What are the predictions, should we see any promotion towards the end of the January or February?

    Any thoughts, comments ideas are welcomed.
    I will keep waiting in the meanwile - hate to pay top $ for the empty X5
  • Keep looking for that 07. I came across a new 07 X5 4.8 in Dallas this week.

    MSRP - 72,325
    Invoice 66,295
    Purchase Price 63, 095 (this includes the 3K cash back)

    Lease Factor .0275
    32 month lease (Residual 64%)
    10K mileage allowance
    $790 per month lease plus tax, title, lic., acquistion fee and first months payment.
    No security deposit

    I did not negotiate b/c I thought this was a great deal. Although I did get him to throw in Satelite Radio b/c his original add said the car had it, and actually it didn't. Dealership told me that the had a great December and were told that they were not getting many X5 deliveries in January. Supply is low across the country.
  • Great deal Brentslu. Enjoy your ride. I went for an 07 as well. Love the car love the deal.
  • Hey, I am looking to turn in my X5 next month but do not want to stay with same dealer in NJ (Defeo) as they will not give me a good deal! So am currentlly looking. What is the MF and residual on this vehicle? I was told that it was 58% and .00270 - is this accurate?

    Are there any dealers in the NY metro area giving any incentives since it is nearly end of month?

    Are the internet specials on their web pages any good, except for the fact that they only offer 10k (I need 15K) & can I negotiate their advertised numbers or just start from scratch?

  • Just got offered deal on 07 x5 3.0, cold weather/premium/rear climate/runningboards/3rd row/satellite/ipod/park distance/comfort access
    msrp 57370, price 53215, cap red 2500, 32 months, 10K/year, MF .0025, resid .64

    $4188down including taxes/fees and $653/month with tax inc

    good deal?
  • eights38eights38 Posts: 137
    voldermort - The money factor and residual that you were quoted are accurate and represent a 36 month lease with 15,000 miles per year. BMW leases typically change on a month-to-month basis. Feel free to post a new thread to this forum or shoot me an email next month for some more insight. There are definitely deals to be had in the Tri-State area.
  • jaserjaser Posts: 5
    I am in the market for a 3.0 X5. I would like a 3 year lease with 36,000 miles. I live in the Chicago area. How do I begin the negotiation. What should I be considering? What money factors and residuals should I be expecting or try to negotiate for? JAS
  • eights38eights38 Posts: 137
    jaser - The lease rates below are only good until January 31, 2008. If you need any more help, please feel free to email me or reply.

    2008 BMW X5 3.0si 4WD SUV
    24 Month – Residual 70% of MSRP – .00270 Base Rate
    36 Month – Residual 60% of MSRP – .00270 Base Rate
  • I have a dealer in Manhattan that is giving me the "selling price" of $52,225/( with options of comfort access, premium package, cold weather package, rear climate). the 58% residual and 0.00270 MF.(my lease on my x5 ends next month). Total of 750.25 monthly. I told him that I wld pay 625 up front with taxes. MV fee, and 1st mth pymt. He quoted this as having to pay out of pocket $4006.17. BTW he said that in all his "upteenth" years working he has never heard of anyone paying the bank fee upfront! Is this a sound deal? AND he said there is no previous owner loyalty MF on this. AND he did not use the refundable monies that will be coming back to me from BMWFS as 'security deposits". IS THIS A GREAT DEAL? He said this was $1000.00 over invoice.

    Yet - he sold me the X5 (36 months ago) that I have right now at $750 over invoice - and now the numbers are so high and different. I have the same options with the exception of the comfort access & pay right now $559 monthly!!!! WHY IS THAT :mad:

    Here's another question - how would I know if the money factor and residuals are going to change for February expecially since the rates are down now 'cause of news of 'recession'????? :sick:

    Please let me know asap.
  • eights38eights38 Posts: 137
    voldermort - In my experience, most people pay their first month's payment, security deposit (if required), bank fee, doc fees, and other state fees up front. Taxes are typically included in the monthly payment, but it is not uncommon to pay taxes up front.

    Are you dealing with BMW of Manhattan?

    There is no way of telling the direction of residuals and money factors month-to-month. A rule of thumb is residuals decline during the course of the year as a new car becomes old.

    If you need more help, please feel free to email me or reply.
  • Just starting to research leasing an X5 with only the cold weather option...making the MSRP of the car around $47,500...anyone have any lease deals to share? I am currently leasing a BMW....

    thanks so much! :)
  • Yes, I am dealing with BMW of Manhattan. So what I understand you to say is that I should only pay 1st month ($750.25) bank fee ($625) doc & state fees ($250) and that's it? Roll the taxes into the lease?

    I am trying to keep the payments about equal to what I am paying now (mid 5's), and for some reason it just doesn't match up.

    Also, I have a $600 refundable security deposit coming back, can I roll that back in so that I get a lower MF?

    Does anyone know any of the above answers?

    How about the Owner Loyalty MF for the X5?

    Also, you did not tell me if I was getting a good deal from previous thread.

    Thanks! :cry:

    So do you think I am getting a great deal?
  • I am trying to get a good deal too on the X5. :(

    Maybe we should do it together to get a really good deal from a willing, ready and able Manager from a good dealership!! :D

    Two for the price of 1/1/2 lol :shades:
  • Voldermort....

    Do you live in NJ or NY? I'm not sure how it works if you live in NJ and purchase in NY State, but you may have the option to either pay the tax as part of the monthly payment or pay it all up front. For my last NJ-purchased lease, signed 34 months ago, I pay the taxes as part of the payment. For the car I just ordered last week, the taxes were due up front. Ask the dealer as to what the flexibility is and, if you buy from BMW of Manhattan, remind him if you are a NJ resident (residency may make a difference, not where you buy it...I'm not sure about this).

    Up front, you will typically need to pay 1st month, bank fee, any type of acquisition fee, document fees, and any applicable taxes (as mentioned above).

    I'm not sure what your deal was on your existing X5, but let me tell you that it will be incredibly difficult to get the payments into the mid 500's per month, even with an owner loyalty money factor, unless you drop a large cap cost reduction up front.

    Speaking of owner loyalty, per your question, there is no Owner Loyalty available on the X5 this month. The last BMW OLP for the X5 expired on January 2. You would have had to put in a credit app before then and take deliver of the car within 90 days to secure the OLP money factor and other benefits.

    Refer to the deal that I posted here: chrisjur, "BMW X5 Prices Paid and Buying Experience" #776, 22 Dec 2007 9:24 am
    which is about average for what I got from most dealers in the NYC area last month. (I found a deal a tiny bit cheaper, but not enough to make me jump dealers)
  • $669 First months payment
    • $2,850 Down payment
    • $700 Security Deposit
    • $4,219 Cash due at signing
    10,000 miles/yr
    includes Premium Package, Heated Seats and Destination

    this is a lease special i found at the bmw this a good deal? i'm in northern jersey....can dealers come down from this?

    can i figure out what the money factor and residual value is for this deal?
  • eights38eights38 Posts: 137
    frugalsc - The following lease rates are based on top tier credit and 10,000 miles per year. You should be able to do better on an X5 lease in northern NJ. If you need some more help, please feel free to email me or reply.

    2008 BMW X5 3.0si 4WD SUV
    24 Month – Residual 71% of MSRP – .00270 Base Rate
    36 Month – Residual 61% of MSRP – .00270 Base Rate
This discussion has been closed.