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2013 and earlier BMW X5 Lease Questions

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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Greetings oiakou. Here's the information that you're looking for. BMW Financial Services' new March buy rate lease money factor and residual value for a 36 month lease of a 2010 X5 3.0 with 10,000 miles per year are .00175 and 61%, respectively.

    BMW is not currently providing any cash incentives on leases of this truck.

    Car_man
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  • oiakouoiakou Posts: 18
    thanks a lot, car_man. Hope to make a deal soon.
  • Folks,

    Here is what I am getting ... the dealer does not believe that the march MF from BMW FS is .00175 as indicated by car_man.

    Is this a good deal?

    msrp......57375.00
    sale.......53225.00 (This is what I could negotiate to)
    36 months
    60% residual
    .0022500 money factor
    12000 miles per year
    646.00 per month

    The total out of pocket first month pmt+tax(2076)+down pmt(2500) and other fees is coming out to be 6626.00
  • kyfdxkyfdx Posts: 28,630
    the dealer does not believe that the march MF from BMW FS is .00175 as indicated by car_man.


    The dealer knows what the rate is.. He is marking it up for extra profit on your deal... If he isn't being upfront about that, I'd look elsewhere (which I would do anyway.. if he won't give you the buy rate on the MF).

    regards,
    kyfdx

    MODERATOR
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  • Thanks for your response "kyfdx". I would not believe the dealer on the MF anyways. Will get in touch with others dealers in the area.

    Thanks again!
  • cokaer1cokaer1 Posts: 1
    Carman or others, I've seen some reports that the March 2010 BMWFS rate for a 2010 BMW X5 xDrive 35d Diesel is .00250 (36 mos, 45k miles) is .00240. My CA tells me that the published BMWFS rate is .00250. Can you help confirm what the rate is? I'n in Buffalo NY area if that matters.
  • cpaman1cpaman1 Posts: 3
    Carman,

    What are the March MF for the 2010 X5 35d? Also what is the published residual on this car? Looking for a 3 year 36,000 mile lease.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    You're very welcome, oiakou.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi cokaer1. BMW FS' current buy rate lease money factor for the 2010 X5 35d is .00250.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hey cpaman1. Here's the information that you're looking for. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2010 X5 35d with 12,000 miles per year are .00250 and 56%, respectively.

    Car_man
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  • djaystonedjaystone Posts: 2
    edited March 2010
    Hi Car Man,

    I'm interested in leasing a 2011 X5 35i, but my BMW dealer tells me that the lease MF and residual info for the car is not yet available. Is this right? Do you know the residual and current MF info for a 36 month lease of a 2011 X5 35i, at 12k miles/year and 10k miles/year. If so, are you able to calculate monthly payments based on a negotiated price of $62,025 and no additional cap cost reduction (i.e., drive-offs only)?

    Thanks a lot for your help!!
  • bigpunn51bigpunn51 Posts: 2
    edited March 2010
    Just got a deal for a 2010 X5 3.0
    Alpine White
    Saddle Leather
    Premium Package
    Tech Package
    Cold Weather Package
    Rear climate
    Roof Rails
    Satellite Radio, I pod adapter
    Comfort Access, All floor mats
    Running boards
    Here's the deal 36 months, 12k miles per year
    MSRP 58,875 Negotiated price 55,450
    MF 1.90 RESIDUAL 60%
    2042.85 drive off, 789.01 per month
    Taxes rolled in
  • Kirstie_HKirstie_H Posts: 10,876
    Recently lease a car? A reporter wants to hear about the deal you struck. Please email pr@edmunds.com by Wed, Mar 24, 2010 with a few words about your negotiation and/or incentive deal.
    Thanks,
    Jeannine Fallon
    Corporate Communications
    Edmunds.com

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  • oiakouoiakou Posts: 18
    Hi Car_man,
    could you please help me once more... Can you please let me know what's the money factor and residual for 2011 X5 xDrive35i Base and 2011 X5 xDrive35i Premium for April delivery? I've seen 0.00255 MF and 63% residual?
  • neelicneelic Posts: 1
    edited March 2010
    I am about to book a 2011 X5 Diesel with Premium, Technology, Sports Activity, Rear Climate, Comfort Access, iPod connectivity, Smart Phone Connectivity, 3rd Row Seat and roof rails. The MSRP is $64725. The selling price is $56700 after the eco credit and some price negotiation. None of the other dealers in the area could match the selling price. The dealer is offering .00265 as the money factor and the residual value percentage is 56% for 36 months 36K miles. I am located in the Bay Area in CA and so is the dealership. Are these numbers fair? I have read that the money factor for March is .0025. Is that for MY2010? If so, then what is the mf for MY2011 X5 Diesel? Thanks...
  • jayriderjayrider Posts: 3,292
    Your rv is right on but the money factor should be .00240 check ridewithg.com
  • pnbnpnbn Posts: 1
    edited March 2010
    What is your opinion on waiting for the 2011's vs taking advantage of the current $4500 eco credit. I have a deal on the table for a loaded up 2010 x5 diesel ($64k sticker) for $950/mo for a 3 yr 15k.yr lease. That seems to be just the eco credit off and using the posted MF's & RV's. Standard sign off costs 1st month, sec, doc, acq

    Still have 3 months to go on my current car lease but not sure if the 2011's will be that much more and/or the RV & MF will change for the worse by May/June on the 2010's.

    Thanks!
  • gpman25gpman25 Posts: 4
    I'm looking to lease a 2010 X5 3.0 in SoCal, and I'm looking for a high volume dealer that make give the best possible deal.
  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi djaystone. That information may not have been available when you spoke with the dealer, but it is now. BMW Financial Services' March buy rate lease money factor and residual value for a 36 month lease of a 2011 X5 35i with 12,000 miles per year are .00220 and 58%, respectively.

    The residual value for a lease with only 12,000 miles per year would be 1% higher.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi bigpunn51. the money factor that you were quoted is right in line with a lease of this truck to a non-returning customer who wants to have their vehicle's security deposit waived. If that's what you are, then it looks good.

    The truck that you're interested in probably has a spread of around $4,500 between its full MSRP and its dealer invoice price. You were quoted a $3,425 discount on it. That's probably around $1,000 over invoice, which isn't bad. You might be able to shave another couple hundred dollars off by comparison shopping, but this isn't a bad deal.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    I'd be happy to, oiakou. BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2011 X5 35i with 15,000 miles per year are .00220 and 56%, respectively.

    Car_man
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  • CarMan@EdmundsCarMan@Edmunds Posts: 38,515
    Hi pnbn. The $4,500 credit is available on the 2011 X5 diesel as well, so don't worry about missing out on it by waiting. If I was in your shoes, I definitely would not waste the final three payments on my current lease.

    Car_man
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  • What should I be paying for this car? Here are the numbers the dealer quoted me.

    Thanks in advance! :)

    VEHICLE: 2010
    BMW X5 xDrive35d
    COLOR: Alpine White
    UPHOLSTERY: Black Nevada Leather

    Base Price $51,300.00
    0ZPP Premium Package 3,400.00
    0328 Running Boards 300.00
    0386 Roof rails 100.00
    04AZ Dark Bamboo Wood Trim 0.00
    06FL iPod and USB Adapter 400.00

    Destination and Handling 875.00
    TOTAL AS EQUIPPED $56,375.00
    SELLING PRICE $50,875.00

    Lease Terms
    Lender BMW Financial Services
    Term 36 Months
    Mileage 12,000/year
    Money Factor 2.7
    Residual Factor 56%

    Selling Price $50,875.00
    Bank Fee $925.00

    Total Capitalized Cost
    $51,800.00

    Residual Value $31,570.00
    Total Depreciation $20,230.00
    Capital Reduction ($0.00)
    Monthly Depreciation $561.94
    Monthly Rent $225.10

    Monthly Payment $787.04
    Tax (8.75%) $68.87

    Monthly Payment + Tax $855.91

    Capital Reduction ($0.00)
    Cap Reduction Tax (8.75%) $3.94
    License & Registration $696.75
    Documentation Fee $45.00
    First Payment $855.91
    Security Deposit $900.00

    Drive Off $2,501.60

    Trade Equity $0.00
    Rebate $0.00

    Due at Signing $2,501.60
  • kyfdxkyfdx Posts: 28,630
    A few things...

    1) There is a $4500 rebate (eco-credit) on the diesel.. This means they are only giving you a $1000 discount from MSRP. I'll be generous to the dealer, and say you should get at least a $2000 discount (if not more).

    2) The base acquisition fee is $725.. they are marking it up the maximum allowed ($200).

    3) I'm not sure of the April lease program, but I think the base MF is either .0023 or .0024. Since your rate is .0027, I'm going to guess they also marked this up the maximum from .0023

    4) In case you were wondering the CAP reduction tax is on the document fee, which is taxed.

    So.. possible savings with some negotiation (or introducing some competition).

    $1000 lower price
    $200 lower acq.fee
    $33/mo. lower money factor

    Total savings over your quote: $80 mo. + tax = $87/mo. after tax

    $769/mo vs. $856/mo...

    That's what I would shoot for (if not even a little less). Cars that have $4500 rebates are evidently not moving that well... There is over a $5000 spread between MSRP and Invoice on this vehicle... My example only shows a $2K discount ($1K more than your deal). You may be able to get $2500 or even $3500 discount, with shopping, negotiation and competition..

    Every $100 lower saves you $3.25/mo. including tax. When you start negotiating thousands lower, it really adds up. Also, lower payments mean less money due upfront in the lower first payment and lower security deposit.

    regards,
    kyfdx
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    MODERATOR
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  • Thank you so much for your information! You have been very helpful :)
  • pinup22pinup22 Posts: 3
    Thoughts on leasing direct (not thru a dealership) through a company like http://www.autoleasedirect.com/ ?
  • abuckusabuckus Posts: 3
    edited April 2010
    Thanks in advance for your help!

    1) I have an offer for a 2011 X5 50i. $1,000 over invoice. Sounds like that is a good price based on what others' experiences are?

    2) 36 month lease; 12,000 miles annually: Quoted money factor is .00215. Residual value of 62%. Good?

    3) Any thought that the money factor will decline in the next 45 days? It is twice the level of what is available for 2010s, apparently.

    4) Does BMW have incentives for returning lease customers? The salesman tells me that I won't have to pay another Acquisition Fee. I did not pay a Security Deposit last time and he says that I won't this time either.

    Thanks again for your help.
  • jayriderjayrider Posts: 3,292
    If they drop the money factor they usually drop the residual. They play games. When they offer customer cash the figures also seem to be adjusted. The perfect storm of high rv + low mf + big discounts ? Probably not going to happen. At least not when YOU want to buy.
  • oiakouoiakou Posts: 18
    This forum has been very helpful for me, so posting this info for those looking for the last few of 2010 3.0 X5 remaining on the market. I pulled the trigger on the following lease on March 31st, 2010.

    Car: MSRP: 58125 (Base 47600, Cold Weather Pkg 1250, Premium 3400, Rear Climate Pkg 900, Tech Pkg 2800, Spare 150, Running Boards 300, Roof Rails 100, iPod&USB 400, Sat Radio 350, Dest 875)

    Lease: 36mo, 10K/year
    Monthly: 740.87 including NY Tax
    Out of Pocket: 2922

    Lease Details:
    Buy Price: 53990.10
    Adjusted Cap Cost: 56344.13
    Out of pocket: 2922 (Capt Cost Reduction 76, 1st Mo 740, Sec Deposit 750, Reg Fee 295, Acq Fee 875, Doc Fee 185)
  • wildcat_1wildcat_1 Posts: 9
    edited April 2010
    Hi all

    I am in the market for an X5 lease (my expedition lease is coming to an end). I am still on the fence about the diesel or petrol (worried about adblue costs and whether with gas prices will still save money) and am also wondering at this point is it better to lease a 2011 and build new (would be a 35d or 35i Premium). Here were the 2010 builds I put together. I was hoping someone could give me some idea on what would be a great deal on these here in CO. Last question, would the cold weather here in CO affect the diesel performance a lot ?

    Thanks all in advance for any help you can give me. My current lease ends in June so need to get something rolling soon:

    X5 35d
    Base MSRP $51,300
    Alpine White $0
    Sand Beige Nevada Leather $0
    Dark Burl Walnut wood trim $0
    Premium Package $3,400
    Rear Climate Package $900
    Sport Activity Package $2,200
    • Multi-contour seats
    $900
    Technology Package $2,800
    Heated front seats $500
    Roof rails $100
    Running boards $300
    Smartphone Integration $150
    iPod and USB adapter $400
    Aerodynamic Kit $1,211
    Destination & Handling: $875
    Total MSRP as Built $65,036

    X5 4.8i
    Base MSRP $56,300
    Alpine White $0
    Sand Beige Nevada Leather $0
    Dark Burl Walnut wood trim $0
    Premium Package $2,200
    Rear Climate Package $900
    Sport Activity Package $2,200
    • Multi-contour seats
    $900
    Technology Package $2,800
    Heated front seats $500
    Roof rails $100
    Running boards $300
    Aerodynamic Kit $1,211
    Destination & Handling: $875
    Total MSRP as Built $68,286
This discussion has been closed.