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2013 and earlier BMW X5 Lease Questions

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  • Thanks kno. Shelly BMW told me they will match the rate, that you got, I told my friend got this rate, can you match they said yes, come in will see what happens. You got a great deal.
  • knokno Posts: 7
    That's great! I hope they give you the same or better deal than I got. I can't tell you the sales agents name on this site (site rules), but I did go through the internet department and the guy I'm working with has been great! 750 over invoice or even better should be totally do-able for you. I'm imagining that with the coming of the new X6, along with the upcoming diesel model in the fall, sales on the X5 might be sluggish.
  • Hey everyone. Just a quick note to let you know that BMW did not continue its January lease money factors for the month of February. It actually improved the buy rate for the 2008 X5 slightly to .00255.

    Car_man
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  • Hi kitkat14. There's lots of competition in New Jersey, so you should be able to get a pretty good deal on the X5 that you're interested in. If I was in the market for one in your area, I would comparison shop with a few dealers, aiming for a selling price of $500 to $1,000 over invoice. 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. BMW Financial Services' new buy rate for the '08 X5 3.0 is .00255. Make sure that the dealer that you choose uses that rate to calculate your monthly payment.

    Car_man
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  • Hi RezF. $500 over dealer invoice is a good price for this vehicle, even if it does include a few fees. This is especially true on one that was custom ordered rather than just picked out of dealer inventory. Just make sure that the dealer that you are working with uses BMW Financial Services' buy rate lease money factor of .00255 to calculate your monthly payment and you're in business.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Welcome a8175. The selling price that you were quoted looks reasonable to me, especially given the fact that you ordered your X5 rather than just taking one that the dealer had in inventory.

    BMW's lease program for the 2008 X5 is definitely better today than it was back in February. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of an '08 X5 3.0 with 12,000 miles per year are .00255 and 58%, respectively for returning BMW FS lessees or new customers who pay a security deposit at lease signing. Make sure that the dealer that you are working with uses this new money factor to calculate your monthly payment.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • Hey baller2011. The X5 that you are interested in probably has a spread of around $4,000 between its full MSRP and its dealer invoice price. The $2,300 discount that you were quoted is probably equivalent to around $1,600 over invoice. That isn't too bad, but there is enough room there that it wouldn't hurt to comparison shop a little more if you are in an area that has a decent level of competition. Have you tried stopping 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, make sure that the dealer that gives it to you uses BMW Financial Services' current buy rate lease money factor of .00255 to calculate your monthly payment.

    Car_man
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    Prices Paid: Buying & Leasing Experiences Forum
  • FYI, BMW has cash incentive on X5's till end of February on GROUND units only. Must be financed or leased through BMWFS. Have been told this is $2,500.
  • Hi ilovedogs,

    Thanks for that great info of $2500 for ground units...I'm looking for 2008 X5 3.0...and asked a dealer to give money factor .00255....below is his response....

    "the only way you would get the 00255 money fact is if you're currently in a BMW LEASE or Financial Contract or with 15% at signing.If not within those guideline's Money Factor .00310"

    Is that true.....

    Thanks in Advance.
  • Hi eights38,

    Got a quick question..

    36 Month – Residual 58% of MSRP – .00255 Base Rate

    Is this for New customers also....The dealer is saying this is only for current BMW customer....Is that true. ???

    Thanks In Advance
  • eights38eights38 Posts: 137
    houston777 - That was the lease program at the beginning of the month. I recently heard about the $2,500 incentive, but have not confirmed it with any dealers. If BMW released an interim incentive, they could have altered the money factor and increased the incentive. Let me confirm with a friend tomorrow. If I don't get back to you, please feel free to email me.
  • Dealer is FOS.
  • jgavjgav Posts: 12
    I was looking into leasing a X5 3.0si , I was going to put down the tax and fees. I want the space gray, navigation, premium, cold weather and was going to ask what everyones thoughts were on the sport package. I was hoping to get the 36mos lease for around 700.00.month I am coming out of a BMW lease already. Does this price seem like it could happen? any insight would be greatly appreciated. The one dealer i spoke with said to wait till march that there may be a incentive deal....not sure. Thank you in advance. Jim
  • Hi All,

    I got My X5 3.0 Yesterday.
    Lease 36 month 15 K
    Color Ext : Silver
    Interior : Black
    Premium Pkg
    Tech Pkg
    Rear Climate Pkg
    3rd Row
    Satellite Radio

    Money factor .00295
    I got $1500 over Invoice And also I got $2500 BMW Incentive.
    What dealer told me is to get $2500 BMW Incentive the car should be delivered to dealership before Feb 15th.

    This forum was great ....i got lot of info I needed for this purchase ..Thank you guys
  • jgavjgav Posts: 12
    This blog has helped me in making my final decisions on a 2008 X5si so i wanted to share my experience. I live on Long Island NY.. leased a 2008 X5si. yesterday. premium, sport, technology package, rear climate, running boards. 12K miles a year. 36mos. When i first spoke to the salesman I explained i was just looking and it would take a real good deal to make me sign. His first monthly price with taxes title and acquisition was 769.00. I told him it was too high and started to leave, he said wait and came back with a price of 744.00. after I told him I still wanted to think about it I. actually left and he came out to the parking lot to get me and said he would give it to me for 725.00. I agreed and now take delivery thursday. I thought it was a great deal with the options. Some stipulations were: I am a previous bmw owner(owner loyalty) which only waives the 500 security deposit. BMW is also running a deal till the end of this month on in stock X5's with a reduction of 2,500. I couldn't have gotten this deal if i ordered one. ( i tried after the fact and he said he couldn't) I am about 4,100 out of pocket including the first payment. Hope this helps. any questions JEGJR74@aol.com Jim
  • Apparently you missed a very important point on this forum....LRF mark up. You got hosed on the rate. Dealer marked up the LRF of .000255 by the allowable .00004 which probably added an additional $30 bucks to your monthly nut!
  • mannydommannydom Posts: 29
    Hi! How was the $2500 incentive factored in the cap cost? Does that mean your actual price was $1000 BELOW invoice? Please clear this up. Thanks.
  • Hi...Yes that's right I got $1000.00 below Invoice.

    Final price = $Invoice price + $1500 - $2500 + Tax
  • mannydommannydom Posts: 29
    My lease ends 4/23/08 for my 2005 X5 3.0. How can I tell if the vehicle is worth more than the stated residual value (58%) in the lease contract that it becomes "positve equity." If so, does it become a "trade in?" Thanks for any advice, please.

    Any info on money factor and residual value for March 2008 for 2008 X5 3.0?

    This is my first experience at the "end of lease" scenario. I know what option I want and that is to get a new 2008 X5 3.0. I am about to schedule the inspection at my bmw center. Should I apply now for financing a new lease with BMW FS which is my current leasing company? Will I get a break for being a returning customer?
  • rezfrezf Posts: 29
    Chances are the residual is not going to be lower than what the car is worth; however, at lease end you are under no obligation to purchase the resdiual, you can just walk away from the lease. If you want to "trade-in" you would have to buy the car at the residual price from BMWFS and then trade the car in towards a new one.

    Residuals have not changed, but money factor for March is 0.00210.

    There are advantages to applying for a new lease with BMWFS, because as a returning customer they waive the Disposition fee on your current vehicle and also waive the security deposit on your next BMW.
    There are owner loyalty programs on select BMWs (not X5, but 3 series and 5 series and 7 series) so you would also get a break there
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